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Commentary: If Puerto Rico thinks bankruptcy is a better solution, it has a rude awaking coming!

July 22, 2017
Commentary: If Puerto Rico thinks bankruptcy is a better solution, it has a rude awaking coming! One should look no further than the Puerto Rico Electric Power Authority’s (PREPA) pending bankruptcy. All credible financial analysts agree that PREPA only needs slightly more than a 10% reduction in debt service to continue paying its bills and operating as expected. Over a three-year period...

Commentary: Puerto Rico is the canary in the Caribbean coal mine

July 21, 2017
Commentary: Puerto Rico is the canary in the Caribbean coal mine Overwhelming debt for states and municipalities has become almost commonplace in the United States today. First it was the city of Detroit, which filed for bankruptcy in July 2013, claiming a debt load of $18-20 billion. In the last few weeks, state budget crunches in Illinois and Connecticut have caught national...

Understanding Puerto Rico's struggles with Washington through satire

July 18, 2017
Understanding Puerto Rico's struggles with Washington through satire SAN JUAN, Puerto Rico -- At a time when almost all the news about Puerto Rico in mainstream media is firmly focused on the island's fiscal and economic woes, the deluge of negative headlines making the rounds on social media can feel overwhelming. It is precisely in times like these then, that...

Document broker sentenced for role in trafficking identities of Puerto Rican US citizens

July 12, 2017
Document broker sentenced for role in trafficking identities of Puerto Rican US citizens BOSTON, USA -- A document broker was sentenced on Tuesday in connection with his role in trafficking the identities of Puerto Rican US citizens and corresponding identity documents. Sandro Tavera Mora, aka Jose Laureano Ayala, 46, a Dominican Republic citizen residing in Springfield...

Commentary: Is the Congressional Natural Resources Committee a ship of fools?

July 4, 2017
Commentary: Is the Congressional Natural Resources Committee a ship of fools? Look no further than their solution for the Puerto Rico financial meltdown. In June of 2016, the Puerto Rico Oversight, Management, and Economic Stability Act (PROMESA) was created by congress, through the Natural Resources Committee, as a proposed solution for the financial crisis in...

Puerto Rico customs stops millions in counterfeit products

July 3, 2017
Puerto Rico customs stops millions in counterfeit products SAN JUAN, Puerto Rico -- US Customs and Border Protection (CBP) San Juan Field Operations recently made in one week approximately 115 seizures of counterfeit products, valued at more than $6.5 million dollars, which were illegally imported into Puerto Rico via international mail.

Puerto Rico authorities seize 116lbs of cocaine concealed in private vessel

June 28, 2017
Puerto Rico authorities seize 116lbs of cocaine concealed in private vessel SAN JUAN, Puerto Rico -- US Customs and Border Protection (CBP) officers found 116 pounds (52.55 kilos) of cocaine concealed inside a private vessel inspected on Sunday. The estimated wholesale value is $1.6 million. On June 24, a private vessel named “Sweet Bite” was randomly selected...

Commentary: Puerto Rico Fiscal Board takes extraordinary steps to preserve legacy of corruption and theft

June 15, 2017
Commentary: Puerto Rico Fiscal Board takes extraordinary steps to preserve legacy of corruption and theft It is no secret to anyone that the Puerto Rico Fiscal Board was intentionally comprised of individuals that contributed much to Puerto Rico’s financial collapse. With an alleged unspoken agreement that the Department of Justice will neither investigate nor prosecute those responsible, the Board can act...

Commentary: What You Should Know: Election results in Puerto Rico are no different

June 14, 2017
Commentary: What You Should Know: Election results in Puerto Rico are no different You should know that on Sunday, June 11, 2017, the election results for Puerto Rico’s referendum showed that 97 percent of the votes favored Statehood for Puerto Rico.  Following the election, Puerto Rico’s Governor Ricardo Rosello proudly announced in a press statement: “Today, we the people...

Puerto Rico governor to argue for statehood in Washington

June 13, 2017
Puerto Rico governor to argue for statehood in Washington SAN JUAN, Puerto Rico -- The governor of Puerto Rico, Ricardo Rosselló, has announced that he will visit Washington, DC, following the victory of statehood in the status referendum held on Sunday on the island, to notify Congress, the White House, and international forums of the results.

Puerto Rico again votes overwhelmingly for US statehood

June 12, 2017
Puerto Rico again votes overwhelmingly for US statehood SAN JUAN, Puerto Rico -- Five years after the last plebiscite on the same issue, Puerto Ricans overwhelmingly voted for US statehood for their island in a non-binding referendum on Sunday. As of 7:00 pm, the island's State Commission on Elections (CEE-PR) had reported that about 500,000....

Puerto Rico authorities discover 'yola' with 1,198 pounds of cocaine

June 9, 2017
Puerto Rico authorities discover 'yola' with 1,198 pounds of cocaine PONCE, Puerto Rico -- US Customs and Border Protection (CBP) and Puerto Rico Police Joint Forces for Rapid Action (FURA, for its Spanish acronym) agents on Wednesday morning found 16 bales of cocaine amounting to 1,198 pounds (543 kilos) inside an abandoned “yola” vessel on the coast of...

Eleven Caribbean projects selected for European funding

June 8, 2017
Eleven Caribbean projects selected for European funding GOSIER, Guadeloupe -- The second selection committee for the Interreg Caribbean Program 2014-2020 has made public the list of the 11 regional projects eligible for European funding. Many countries in the Caribbean will benefit from these projects, as follows: 1. TEECA: Set up a trade facilitation team and...

Puerto Rico health officials declare 2016 zika epidemic over

June 7, 2017
Puerto Rico health officials declare 2016 zika epidemic over SAN JUAN, Puerto Rico -- Zika transmission has substantially decreased in Puerto Rico below epidemic levels, and the Puerto Rico Department of Health (PRDH) has declared that the 2016 zika epidemic is over.  Zika levels have substantially decreased since the same reporting period in 2016.

Caribbean leaders condemn US withdrawal from Paris Climate Change Agreement

June 3, 2017
Caribbean leaders condemn US withdrawal from Paris Climate Change Agreement SAN JUAN, Puerto Rico -- The governor of Puerto Rico, Ricardo Rosselló, was one of many leaders from the region and around the world that have condemned the announcement on Thursday by President Donald Trump that the US would withdraw from the Paris Climate Change Agreement. “Climate change is a...

US Coast Guard offloads more than $32.5 million of cocaine seized in the Caribbean

June 3, 2017
US Coast Guard offloads more than $32.5 million of cocaine seized in the Caribbean SAN JUAN, Puerto Rico -- The US Coast Guard on Friday offloaded approximately 1,100 kilograms of cocaine in San Juan, Puerto Rico, following a May 25 interdiction in international waters off the southern coast of Puerto Rico. The seized cocaine is estimated to have a wholesale value of...

Former Puerto Rico senator and businessman found guilty of bribery

June 2, 2017
Former Puerto Rico senator and businessman found guilty of bribery SAN JUAN, Puerto Rico -- Former Puerto Rico senator Hector Martinez Maldonado and Juan Bravo Fernandez, the former president of one of the largest private security companies in Puerto Rico, have been convicted of bribery following a four-week trial in San Juan, Puerto Rico.

Commentary: Are credit rating agencies America's secret fifth column?

May 31, 2017
Commentary: Are credit rating agencies America's secret fifth column? The Fifth Column is a group within a country at war who are sympathetic to or working for its enemies. Even a full-blown war with North Korea or Russia could not inflict the damage done to this country by Moody’s, Fitch and S&P. The rating agencies have declared war on the United States and the...

CBP advises on summer travel to the US and the Caribbean

May 26, 2017
CBP advises on summer travel to the US and the Caribbean SAN JUAN, Puerto Rico -- The Memorial Day weekend kick starts the summer travel season. US Customs and Border Protection has invited travelers to learn the guidelines concerning international arrival at any port of entry, particularly those arriving from international destinations into Puerto Rico...

Vessel with 159 pounds of cocaine intercepted north of Puerto Rico; three arrested

May 13, 2017
Vessel with 159 pounds of cocaine intercepted north of Puerto Rico; three arrested AGUADILLA, Puerto Rico -- US Customs and Border Protection (CBP) Air and Marine Operations (AMO) detected a single engine vessel on Tuesday evening attempting to smuggle more than 159 pounds (72 kilos) of cocaine north of Arecibo. Puerto Rico Police Department marine units intercepted the vessel.

More claims filed against financial firms in the wake of Puerto Rico bankruptcy filing

May 6, 2017
More claims filed against financial firms in the wake of Puerto Rico bankruptcy filing SAN JUAN, Puerto Rico -- Attorneys acting for an investor have filed another Financial Industry Regulatory Authority (FINRA) claim against UBS Financial Services Incorporated of Puerto Rico and UBS Financial Services, Inc. (UBS) for $15 million in the wake of Puerto Rico's recent bankruptcy filing.

Financial firms ordered to pay millions to investors in Puerto Rican bond funds

May 5, 2017
Financial firms ordered to pay millions to investors in Puerto Rican bond funds SAN JUAN, Puerto Rico -- UBS Financial Services Inc. and UBS Financial Services of Puerto Rico (UBS) have been ordered to pay several investors in Puerto Rico millions of dollars in compensation by several Financial Industry Regulatory Authority (FINRA) arbitration panels for losses the investors...

Puerto Rico government seeks protection under PROMESA to ensure essential services

May 4, 2017
Puerto Rico government seeks protection under PROMESA to ensure essential services SAN JUAN, Puerto Rico -- In order to ensure the essential services to the public, the payment of the government payroll and the suppliers, Governor Ricardo Rosselló has notified the Fiscal Oversight Board (FOB) that the government of Puerto Rico wishes to seek protection under Title III of the...

Puerto Rico governor acknowledges progress in federal spending package

May 2, 2017
Puerto Rico governor acknowledges progress in federal spending package SAN JUAN, Puerto Rico -- Governor Ricardo Rosselló confirmed that Puerto Rico was included in the Appropriations package expected to be approved by Congress this week, which will guarantee $296 million toward the Medicaid shortfall, $3.3 million for the dredging works in San Juan Harbor.

Caribbean nationals among 76 criminal aliens arrested in Florida and Puerto Rico

May 1, 2017
Caribbean nationals among 76 criminal aliens arrested in Florida and Puerto Rico BASSETERRE, St Kitts -- Nationals of a number of Caribbean countries are said to be among 76 criminal aliens arrested in Florida and Puerto Rico. US Immigration and Customs Enforcement (ICE) said its officers arrested 76 criminal aliens recently in an enforcement action targeting...

Puerto Ricans hold a 'vigil for light and truth' to demand audit of public debt

April 21, 2017
Puerto Ricans hold a 'vigil for light and truth' to demand audit of public debt SAN JUAN, Puerto Rico -- Various civic and religious organizations came together on April 3 for a mass vigil to call for an audit of Puerto Rico's public debt, which has reached US$72 billion. The event titled “Vigil for Light and Truth” started in front of the Puerto Rican capitol, and continued as a march.

Puerto Rico to host 2018 Caribbean Travel Marketplace

April 21, 2017
Puerto Rico to host 2018 Caribbean Travel Marketplace SAN JUAN, Puerto Rico -- Puerto Rico will host the 2018 edition of Caribbean Travel Marketplace, the Caribbean's largest marketing event, at the Puerto Rico Convention Center from January 30 to February 1, 2018. Produced by the Caribbean Hotel and Tourism Association (CHTA)...

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