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Puerto Rico hotels focus on zika protection to provide guests worry-free vacation

May 28, 2016
Puerto Rico hotels focus on zika protection to provide guests worry-free vacation SAN JUAN, Puerto Rico -- The Puerto Rico Tourism Company (PRTC) has maintained close contact with the US Centers for Disease Control and Prevention (CDC) on the ground in Puerto Rico to communicate zika facts to the public. Now, PRTC and the Puerto Rico Hotel & Tourism...

Letter: Why should the US protect and bail out Puerto Rico?

May 28, 2016
Letter: Why should the US protect and bail out Puerto Rico? The Puerto Rico (PR) bonds were rated investment grade by the US credit rating agencies (S&P; Moody’s and Fitch), dubbed the “The New Masters of Capital” by Cornell University Professor Timothy Sinclair, who are “regulated” by the Securities and Exchange Commission (SEC).

Bernie Sanders sides with people of Puerto Rico

May 24, 2016
Bernie Sanders sides with people of Puerto Rico WASHINGTON, USA -- US Democratic presidential candidate Senator Bernie Sanders on Friday rejected proposed legislation to put the US territory under the control of a congressionally-appointed financial control board, calling on Congress to stop treating Puerto Rico like a colony.

Scripps National Spelling Bee awaits Caribbean contestants with harder words

May 24, 2016
Scripps National Spelling Bee awaits Caribbean contestants with harder words WASHINGTON, USA -- This year’s Scripps National Spelling Bee in Washington, DC, from May 22 to 27, awaits Caribbean contestants from The Bahamas, Jamaica, Puerto Rico and US Virgin Islands with longer rounds and harder words. And you should see the words they have this year!

Commentary: I thought the FBI and DOJ would protect us. I was wrong! And Congress will do nothing...

May 24, 2016
Commentary: I thought the FBI and DOJ would protect us. I was wrong! And Congress will do nothing... When a little boy is denied access to the little girl’s room, within 24 hours the DOJ is holding press conferences and filing lawsuits. Over seven months ago I started making reports to the FBI and DOJ about an organized criminal enterprise that has stolen tens of billions from the American people.

Puerto Rico bondholders challenge constitutionality of debt payment moratorium

May 23, 2016
Puerto Rico bondholders challenge constitutionality of debt payment moratorium NEW YORK, USA -- Holders of bonds issued by the Government Development Bank for Puerto Rico (GDB) on Friday filed an amended complaint in the US District Court in Puerto Rico challenging the constitutionality of certain aspects of the legislation passed in April and amended in May.

Bondholders coalition calls on Congress to reject updated Puerto Rico legislation

May 21, 2016
Bondholders coalition calls on Congress to reject updated Puerto Rico legislation WASHINGTON, USA -- A group of small bondholders, Main Street Bondholders Coalition, has called on members of Congress to reject the updated Puerto Rico Oversight, Management, and Economic Stability Act (PROMESA), which was introduced by Representative Sean Duffy.

More pregnant women affected by zika virus in the US than previously reported

May 21, 2016
More pregnant women affected by zika virus in the US than previously reported ATLANTA, USA -- At least 279 pregnant women in the US and its territories have been infected with the zika virus, more than double the number most recently reported, the Centers for Disease Control and Prevention (CDC) said on Friday. To gain a more complete picture of the impact...

Commentary: Statehood for US territories: A new parameter for our national policy

May 19, 2016
Commentary: Statehood for US territories: A new parameter for our national policy The current political discourse in the heated 2016 electoral year gravitates around some simple, common-sense, yet grandiose ideas like making America great again through reviving trade, by recapturing overseas jobs (lost in favour of other nations, beneficiaries of globalization), and...

Sanders takes his populist message to Puerto Rico

May 18, 2016
Sanders takes his populist message to Puerto Rico SAN JUAN, Puerto Rico -- On Monday, Democratic presidential hopeful Senator Bernie Sanders continued to establish himself as a populist advocate of the territory’s suffering residents as he campaigned in Puerto Rico, which holds its primary on June 5. "It is unacceptable to me...

Commentary: The real reasons Congress cannot solve the Puerto Rico financial crisis

May 18, 2016
Commentary: The real reasons Congress cannot solve the Puerto Rico financial crisis There are a number of very good reasons that Congress cannot reach agreement on a Puerto Rico solution: 1. There is growing evidence that many of the bond losses in Puerto Rico were due to criminal fraud. 2. There is growing evidence that Treasury Department officials may have...

Puerto Rico confirms first zika-related birth defect case

May 17, 2016
Puerto Rico confirms first zika-related birth defect case SAN JUAN, Puerto Rico -- The first case of a zika virus-related birth defect known as microcephaly has been recorded in Puerto Rico, according to the Department of Health in San Juan. This is also the first case of microcephaly linked to local transmission of the virus in the US.

Puerto Rico authorities seize counterfeit auto parts

May 14, 2016
Puerto Rico authorities seize counterfeit auto parts AGUADILLA, Puerto Rico -- US Customs and Border Protection (CBP) officers and import specialists seized 1,000 counterfeit automobile parts during an inspection of merchandise being sent from Hong Kong to Aguadilla, Puerto Rico, last week. The manufacturer’s suggested retail...

Fifty Puerto Rico prison gang members indicted for violating the RICO Act

May 12, 2016
Fifty Puerto Rico prison gang members indicted for violating the RICO Act SAN JUAN, Puerto Rico -- A federal indictment was unsealed on Wednesday in the District of Puerto Rico charging 50 members of La Asociación ÑETA with racketeering, drug trafficking and murder. The defendants include the leadership of the enterprise, its drug trafficking network...

Puerto Rico citizens' group warns about the island's non-compliant landfills

May 11, 2016
Puerto Rico citizens' group warns about the island's non-compliant landfills SAN JUAN, Puerto Rico -- The multi-sectoral citizens’ group Puerto Rico Limpio has sent a letter to Congressman Raúl Grijalva, ranking member of the US House Committee on National Resources, to warn him and denounce the crisis Puerto Rico is living through with 22 of its 27 municipal...

Puerto Rico senate turns over bond fraud probe to FBI

May 10, 2016
Puerto Rico senate turns over bond fraud probe to FBI SAN JUAN, Puerto Rico -- A special commission looking into allegations of fraud by the financially troubled Puerto Rico Electric Power Authority (PREPA) has turned over its findings to US federal authorities for further investigation, the majority leader of the island's Senate said on Monday.

Travelers to Puerto Rico urged to make informed decisions about summer travel

May 7, 2016
Travelers to Puerto Rico urged to make informed decisions about summer travel SAN JUAN, Puerto Rico -- As summer approaches and millions of Americans begin to finalize travel plans, the Puerto Rico Tourism Company (PRTC) is urging vacationers to make educated decisions when it comes to choosing their destinations. As word of the zika virus becomes more...

Puerto Ricans protest against proposed US financial oversight board

May 6, 2016
Puerto Ricans protest against proposed US financial oversight board SAN JUAN, Puerto Rico -- On Sunday, May 1, which is International Workers’ Day, various civic, trade union and political groups organized a massive march against a proposal by the United States Congress to impose a federal Financial Control Board with extensive powers.

Puerto Rico targets $32 million boost by hosting cruise conference and trade show

May 4, 2016
Puerto Rico targets $32 million boost by hosting cruise conference and trade show PEMBROKE PINES, USA -- For more than 20 years, destinations have increased their cruise tourism impact by hosting the annual FCCA Cruise Conference & Trade Show. From triple-digit growth in passenger and vessel arrivals to the development of new piers and cruise destinations...

Commentary: Credit rating agencies and congress throw Puerto Rico under the bus

May 4, 2016
Commentary: Credit rating agencies and congress throw Puerto Rico under the bus Once again we are faced with one inevitable truth. Our legislators protect Wall Street, not us. The municipal bond market is approximately $4.2 trillion dollars. Municipal bonds are a favourite of retired Americans and senior citizens for their double tax free income. Some 80% of the bonds...

Puerto Rico defaults; New York sends condoms

May 3, 2016
Puerto Rico defaults; New York sends condoms WASHINGTON, USA -- Puerto Rico is facing a major debt crisis, and the US territory announced on Sunday that it would be unable to make $422 million in debt repayments that were due by the close of business on Monday. Meanwhile, New York City is sending a million condoms.

Puerto Rico default imminent amid congressional inaction

April 29, 2016
Puerto Rico default imminent amid congressional inaction WASHINGTON, USA -- Puerto Rico’s Government Development Bank (GDB) is facing a default on $422 million in debt repayments due on May 1, while Congress so far unsuccessfully grapples with legislation to address the island’s financial crisis. If the GDB cannot reach an agreement with creditors...

Puerto Rico dedicated to containing zika; welcomes tourists

April 28, 2016
Puerto Rico dedicated to containing zika; welcomes tourists SAN JUAN, Puerto Rico -- With the zika virus making headlines around the world, Puerto Rico has implemented a comprehensive program to protect its nearly four million residents and five million annual visitors. The Puerto Rico Department of Health is working in close collaboration with...

Commentary: Why the US Treasury wants to save Puerto Rico

April 28, 2016
Commentary: Why the US Treasury wants to save Puerto Rico It appears that the Treasury Department is deploying all its most trusted advisors on an all out push to convince Congress to save Puerto Rico and for good reason. You see, the Puerto Rico financial crisis was started by Treasury Secretary Lew and his Treasury associates.

Puerto Ricans take heart in 'Hamilton' creator Lin-Manuel Miranda's success

April 26, 2016
Puerto Ricans take heart in 'Hamilton' creator Lin-Manuel Miranda's success SAN JUAN, Puerto Rico -- The Puerto Rican press and social media have been active this week with the news that Lin-Manuel Miranda has become the most recent winner of the prestigious Pulitzer prize in the drama genre with his musical Hamilton, which he composed and wrote.

Puerto Rico bill to be reworked; Sanders calls for debt audit

April 18, 2016
Puerto Rico bill to be reworked; Sanders calls for debt audit WASHINGTON, USA -- House Republicans on Friday were reworking proposed legislation to address Puerto Rico’s debt crisis but, according to House Natural Resources Committee chairman Rob Bishop, “The bill is not going to change substantially.” Senator Bernie Sanders has called for an audit...

Puerto Rico Implicated in Panama Papers leak

April 18, 2016
Puerto Rico Implicated in Panama Papers leak SAN JUAN, Puerto Rico -- Puerto Rico has not remained unscathed following the revelation of leaked documents from Panamanian law firm Mossack Fonseca, involving a number of people from the higher echelons of global society. The Centro de Periodismo Investigativo de Puerto Rico...

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