Keyword: puertorico

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  • Many interests are upset at Trump’s new Cuba policy. Puerto Rico isn’t one of them

    06/23/2017 6:52:17 AM PDT · by cll · 9 replies
    McClatchy DC ^ | 6/22/2017 | Jessica Campisi
    Puerto Rico government officials, struggling with a mounting bankruptcy crisis across the island, see some optimism for their problems in President Donald Trump’s new Cuba policy. Trump announced in Miami last week that he would roll back some of former President Barack Obama’s previous regulations, including a new policy directive that Americans traveling to Cuba for educational person-to-person education trips do so with groups joined by a company representative. Puerto Rico officials say this shifted U.S. relationship with Cuba could in turn increase tourism in their nearby island and help save its suffering economy, which declared bankruptcy in May and...
  • Cal Thomas: Puerto Rico's sorry state

    06/22/2017 6:19:18 AM PDT · by cll · 32 replies
    Fox News ^ | 6/22/2017 | cal Thomas
    “Puerto Rico, my heart’s devotion. Let it sink back in the ocean.” — West Side Story The Commonwealth of Puerto Rico is drowning. The island, so popular with tourists, is $123 billion in debt. That’s more debt than the $18 billion bankruptcy filed by the city of Detroit in 2013. In May, San Juan declared a form of bankruptcy after creditors filed lawsuits demanding their money. A federal district judge appointed by Chief Justice John Roberts will handle the case. How did this happen? Luis Fortuno, former governor of the Commonwealth of Puerto Rico, who served as president of the...
  • Puerto Rico deserves its star: Alaskans should supporting statehood

    06/21/2017 6:34:42 AM PDT · by cll · 128 replies
    It has been nearly 58 years since the last star was added to the U.S. flag when Hawaii joined the union in August 1959. In a referendum 10 days ago, Puerto Rico residents voted to become the next. The matter isn’t up to residents alone, of course — Congress and the president would have to sign off on the admission of a new state, and there are many political hurdles that stand in between America’s closest possession and statehood. But those obstacles existed for Alaska, too, and we had allies who helped us gain entry to the U.S. As Puerto...
  • Puerto Rico upholds statehood demand in contentious vote

    06/12/2017 2:12:51 PM PDT · by antidemoncrat · 50 replies
    Fox News World ^ | 6/12/2017 | DANICA COTO
    Puerto Rico's governor is vowing to make the U.S. territory the 51st state after statehood won in a non-binding referendum hit by a boycott and low turnout that raised questions about the vote's legitimacy. Gov. Ricardo Rossello told a couple hundred supporters waving U.S. flags late Sunday that he will soon create a commission to appoint two senators and five representatives to demand statehood from the U.S. Congress, which has to approve any changes to the island's political status.
  • So What Happened In That Puerto Rican Statehood Vote? (Does a 23% Turnout tell us anything?)

    06/12/2017 9:42:21 AM PDT · by SeekAndFind · 39 replies
    Hotair ^ | 06/12/2017 | Jazz Shaw
    I clearly didn’t anticipate just how lopsided the vote in Puerto Rico’s referendum was going to wind up being yesterday. When the polls closed, headlines began showing up in social media calling it a “landslide” in favor of abandoning the island’s territorial status and taking their place as the USA’s 51st state. And at least in terms of the percentages involved it wasn’t even close. (Associated Press) Puerto Rico’s governor is vowing to turn the U.S. territory into the 51st state after statehood won in a non-binding referendum hit by a boycott and low turnout that raised questions about...
  • Puerto Rican voters back statehood in questioned referendum

    06/11/2017 3:58:08 PM PDT · by SkyPilot · 113 replies
    AP ^ | 11 Jun 17 | DANICA COTO
    Puerto Rico's governor announced that the U.S. territory has overwhelmingly chosen statehood in a nonbinding referendum Sunday held amid a deep economic crisis that has sparked an exodus of islanders to the U.S. mainland. Nearly half a million votes were cast for statehood, more than 7,600 for free association/independence and nearly 6,700 for the current territorial status, according to preliminary results. The participation rate was just 23 percent with roughly 2.26 million registered voters, leading opponents to question the validity of a vote that several parties had boycotted. Gov. Ricardo Rossello shows his ballot at the San Jose Academy during...
  • NYC Mayor: Maybe honoring a terrorist in the parade wasn’t such a great idea

    06/02/2017 4:40:04 PM PDT · by Kaslin · 34 replies
    Hot ^ | June 2, 2017 | JAZZ SHAW
    The evolution of the Puerto Rican Day Parade in New York City this month, as well as Mayor Bill de Blasio’s position on it, has come full circle. The original decision to honor convicted FALN terrorist Oscar Lopez Rivera as a hero of the people or whatever honorific they had in mind immediately sent sponsors scurrying and resulted in many prominent figures refusing to march with him. Not the Mayor, however, who claimed to understand the nuances of the situation, even though he “disagreed” with some of the things the bomb maker had done. But as the list of those...
  • Oscar López Rivera won’t be honored at Puerto Rican Day parade after all

    06/02/2017 2:53:19 AM PDT · by SMGFan · 6 replies
    Former terror leader Oscar López Rivera will not be honored at this year’s Puerto Rican Day parade, after the ex-FALN chieftain decided to turn down the award in the face of a widespread parade boycott. Organizers of the June 11 march said the freed terror boss will forgo the “National Freedom Hero” honor and instead just march as a “humble” grandfather. “He declined the honorary title at the parade. We respect that decision,” parade spokesman Andres Chavez said.
  • NYC Council Speaker: 'Right-Wing Forces' Trying to Undermine Parade Honoring Terrorist

    05/28/2017 12:16:57 PM PDT · by cll · 26 replies
    Fox News ^ | 5/28/2017
    New York City Council Speaker Melissa Mark-Viverito (D-East Harlem) said "ultra right-wing forces" in Puerto Rico are trying to undermine this year's Puerto Rican Day Parade. The city's parade made national headlines with its decision to designate Oscar Lopez Rivera, a convicted terrorist, as its "National Freedom Hero." Lopez Rivera led the FALN, a left-wing liberation movement in Puerto Rico, which bombed several sites across the United States - including NYPD barracks. "A lot of the campaign putting pressure on the sponsors to withdraw... is being manipulated and organized and orchestrated from an ultra-right wing element on the island [of...
  • Washington provided Puerto Rico with all the wrong incentives; disaster ensued.

    05/09/2017 7:50:08 AM PDT · by SeekAndFind · 8 replies
    City Journal ^ | 05/09/2017 | Steve Malanga
    Last week, Puerto Rico took another step in its long, mostly futile attempt to stabilize its economy and budget when it filed for a modified version of municipal bankruptcy. It was the latest chapter in a 20-year struggle that began when an odd coalition of budget hawks, statehood advocates, and critics of corporate giveaways convinced Congress to phase out tax benefits that businesses could garner by locating operations in Puerto Rico. Since then, efforts to make Puerto Rico’s economy more independent and sustainable have come to little, in part because the 1996 reforms were incomplete, leaving in place tax advantages...
  • Paradise In Peril: Puerto Rico Shows Governments Do Go Bankrupt

    05/05/2017 4:13:53 AM PDT · by IBD editorial writer · 20 replies
    Investor's Business Daily ^ | 5/4/2017 | Staff
    Fiscal Folly: Tired of wrestling with his creditors, Puerto Rico Gov. Ricardo Rosselo is taking the unprecedented step of moving his dispute to federal bankruptcy court, where he hopes to get a favorable solution to his government's desperate debt situation. It's not exactly bankruptcy, but it does set an ugly precedent that poorly run, financially strapped U.S. states are likely to follow. All told, Puerto Rico owes close to $123 billion in total liabilities, according to The New York Times, including $73 billion in bonded indebtedness and $50 billion in unfunded pension liabilities. Let's be clear here: Puerto Rico, with...
  • This is why American tourists don’t want to travel to Cuba

    05/04/2017 4:45:32 AM PDT · by cll · 33 replies
    Market Watch ^ | By Kari Paul Published: May 3, 2017 6:39 a.m. ET | By Kari Paul Published: May 3, 2017 6:39 a.m. ET
    <p>A flash of excitement about travel to Cuba after the country opened its borders to the U.S. in 2016 for the first time in decades may have lost some of its shine.</p> <p>Americans are less interested in travel to Cuba this year than they were in 2016, a survey from insurance provider Allianz Global Assistance found. Some 76% of the 1,514 respondents said they were not likely to plan a trip to Cuba in 2017 compared to 70% in 2016. Only 2% of those surveyed planned to visit Cuba in the next six months or by the end of 2017, the same as 2016 despite a projected increase in travelers from the country’s ministry of tourism. It also found that 60% of Americans said “would not like to travel to Cuba” compared to just 58% in 2016.</p>
  • Puerto Rico Files For Bankruptcy Protection for Public Debt

    05/03/2017 10:06:53 AM PDT · by SeekAndFind · 39 replies
    US News and World Report via Reuters ^ | 05/03/2017 | Nick Brown
    Puerto Rico's financial oversight board on Wednesday filed for a form of bankruptcy protection under last year's federal rescue law known as PROMESA, touching off the biggest bankruptcy in the history of the U.S. municipal debt market. The move comes a day after several major creditors sued the U.S. territory and its Governor Ricardo Rossello over defaults on the island's $70 billion in bonds. The request came under Title III of the PROMESA law is an in-court debt restructuring process akin to U.S. bankruptcy protection, as Puerto Rico is barred from traditional bankruptcy because it is a U.S. territory. The...
  • Puerto Rico Declares a Form of Bankruptcy

    05/03/2017 8:17:57 AM PDT · by cll · 24 replies
    The New York Times ^ | 5/03/2017 | Mary Williams Walsh
    The governor of Puerto Rico, Ricardo Rosselló, said he would move the island’s debt crisis into federal bankruptcy court, making it the largest government to seek refuge from its creditors in United States history. Puerto Rico has roughly $73 billion of bond debt, and nearly $50 billion of unfunded pension obligations to restructure. The case will not be formally called bankruptcy, since Puerto Rico is barred from using Chapter 9, the usual chapter used by insolvent local governments. It will instead petition for relief under a new federal law for insolvent territorial governments, called Promesa.
  • Puerto Rico to File Largest Public Sector Bankruptcy in History

    05/01/2017 6:16:28 AM PDT · by C19fan · 27 replies
    Breitbart ^ | May 1, 2017 | Chris W. Stewart
    Puerto Rico is set to file the largest public sector bankruptcy in history after vulture capitalist hedge funds that bought big pieces of the island’s $73 billion in defaulted debt for pennies-on the-dollar refused to take $24 billion haircut.
  • There's nothing conservative about Puerto Rico's political status

    04/25/2017 6:15:14 AM PDT · by cll · 11 replies
    The Hill ^ | 4/24/2017 | Jose Rodriguez Suarez
    The governor of Puerto Rico, Ricardo Rosselló, is set to keynote an address at The Heritage Foundation on Wednesday. In the past, policy analysts and fellows at Heritage were rather reluctant about Puerto Rico becoming a state. It seemed as though statehood were contrary to conservative policies and principles, while keeping the island as an unincorporated territory furthered what Heritage stood for. However, the truth is just the opposite. There is nothing conservative about Puerto Rico’s political status —beginning with its legal origins. Conservatives believe that judges overstep their constitutional powers when they make laws rather than interpret them. In...
  • Puerto Rico seen sliding toward bankruptcy as deadline nears

    04/12/2017 6:19:49 AM PDT · by detective · 36 replies
    Yahoo News ^ | April 12, 2017 | Nick Brown
    Bankruptcy for Puerto Rico is looking ever more likely as the clock ticks down toward a May 1 deadline to restructure $70 billion in debt, ramping up uncertainty for anyone betting on returns from the island's widely held U.S. municipal bonds. When U.S. Congress last year passed the Puerto Rico rescue law dubbed PROMESA, it froze creditor lawsuits against the island so its federally appointed oversight board and creditors could negotiate out of court on the biggest debt restructuring in U.S. municipal history. The freeze expires on May 1, however, and an extension by Congress is "not going to happen,"...
  • Top economist: Puerto Rico could fall into deeper depression

    04/07/2017 4:37:47 AM PDT · by Olog-hai · 13 replies
    Associated Press ^ | Apr 6, 2017 6:30 PM EDT | Danica Coto
    Nobel economics laureate Joseph Stiglitz criticized Puerto Rico’s new fiscal plan on Thursday, saying that its “draconian” austerity measures are the worst he has ever seen and could plunge the U.S. territory into an even deeper depression. The former chief economist and senior vice president of the World Bank spoke to a gathering of more than 1,000 people in San Juan. Stiglitz said the 10-year fiscal plan approved last month by a federal control board created by U.S. Congress is based on the wrong principles and erroneously puts creditors first. […] Puerto Rico is preparing to implement austerity measures that...
  • The Potter's Hand[Charismatic Caucus]

    03/31/2017 7:49:24 AM PDT · by Jedediah · 1 replies
    You are more than just just a tongue of men and angels , Yeah more than this, for your purpose and life is mine for I hold you in My Hand as a songbird singing out My Love for My Children. So do not cage My Love but set it completely free for only through this freedom shall they receive My unconditional Love " Through Grace " carved out in My Word for truly the words I desire for you to form from their mouths upon their tongues are Eternal Life all from the fruit from The Tree of Life....
  • American Beauty: USA dominates PR in final

    03/22/2017 11:19:30 PM PDT · by TBP · 17 replies
    World Baseball Classic ^ | March 23, 2017 | Doug Miller
    The stars of American baseball have finally earned their World Baseball Classic stripes. The United States got a brilliant pitching performance from starter and WBC 2017 MVP Marcus Stroman and enough offense from its All-Star-packed lineup of Major League luminaries to beat Puerto Rico, 8-0, in the championship game of the 2017 Classic on Wednesday night at Dodger Stadium. After three World Baseball Classics dating back to the inaugural tournament in 2006 in which Team USA never made it past the semifinals, the Americans won their first title in decisive style in front of a raucous, bipartisan crowd of 51,565...