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Keyword: puertorico

Brevity: Headers | « Text »
  • Puerto Rico Governor supports Obama plan to accept Syrian "refugees" [Vanity]

    11/19/2015 8:28:02 AM PST · by rrstar96 · 27 replies
    During a press conference aired on Puerto Rican AM radio station WAPA, Puerto Rico Governor Alejandro Garcia Padilla expressed his support for the Obama administration's plan to accept Syrian "refugees" in the United States. Garcia, a Democrat, went as far as stating that the U.S. is being "timid" in planning to take in "only" 10,000.
  • Three Syrians arrested in St.Maarten with false Greek travel documents

    11/16/2015 7:05:57 AM PST · by cll · 23 replies
    The police have arrested three (3) men, who tried to enter the country on Saturday; November 14th, using false documents. The men in custody are believed to be nationals of Syria who arrived at the Princess Juliana International Airport around 7:30 pm on an Insel Air flight originating from Haiti. They were soon after held by airport immigration after it was discovered that the travel documents they presented were false. The suspects were turned over to the Back Office at the PJIA who further investigated the documents and determined that the Greek passports the men were travelling with were indeed...
  • Ben Carson Begins Shedding Conservatism Even Before Primary

    11/14/2015 4:59:14 PM PST · by conservativejoy · 75 replies
    Renew America ^ | 11/11/2015 | Sher Zieve
    Before my fellow conservatives jump immediately to defend Candidate Carson, I would ask that they read the following short column. Some years ago, I became aware of the extraordinary and remarkable career of Dr. Benjamin Carson via the 2009 movie "Gifted Hands" ,a film in which Cuba Gooding, Jr. portrayed the doctor. I even talked about him to my friend and colleague Laurie Roth who, subsequently, interviewed him on her Radio show. Dr. Carson seemed to be an honorable man, conservative and true to his word. However, since he officially began his campaign for the position of POTUS, something appears...
  • Carson backs Puerto Rico statehood

    11/08/2015 11:41:57 AM PST · by GIdget2004 · 93 replies
    CNN ^ | 11/08/2015 | Deena Zaru
    Republican presidential candidate Ben Carson endorsed statehood for Puerto Rico at a Sunday campaign event on the island. "In a Carson administration, I will leave no stone unturned in my efforts to secure this important step in Puerto Rico's history -- establishing Estado 51," said the retired neurosurgeon, highlighting the strategic benefits of the Caribbean island's location relative to the United States mainland.  Amid mounting scrutiny recently over his past, Carson traveled to the island territory to address a statehood advocacy group convention. The campaign estimated that 3,500 people were attended the New Progressive Party rally, at the Waldorf...
  • Source: Ben Carson Is Endorsing Statehood For Puerto Rico Tomorrow On The Island

    11/07/2015 3:21:16 PM PST · by GIdget2004 · 185 replies
    Buzzfeed ^ | 11/07/2015 | Adrian Carraquillo
    Ben Carson will endorse statehood for Puerto Rico tomorrow at an event with Ricky Rosello, a gubernatorial candidate for the pro-statehood party on the island, according to a source close to Rosello's campaign. The source said the condition for Carson speaking at the event was that he come out for statehood. A request for comment from Carson's campaign on the endorsement was not immediately returned. The issue of statehood for Puerto Rico, a commonwealth of the United States, does not neatly breakdown along traditional Democrat and Republican lines on the island, which is also dealing with a financial and health...
  • Puerto Rico to ban plastic bags through executive order (Gov. Alejandro Garcia Padilla signs)

    10/30/2015 2:39:35 PM PDT · by NormsRevenge · 31 replies
    AP on Yahoo ^ | 10/30/15 | DANICA COTO
    SAN JUAN, Puerto Rico (AP) - Puerto Rico's governor signed an executive order Friday banning the use of plastic bags across the U.S. territory, defying legislators who just days ago rejected a similar bill. The ban will take effect in mid-2016 and will be preceded by a six-month educational campaign, Gov. Alejandro Garcia Padilla said.
  • Barack Obama should bypass Congress to aid Puerto Rico

    10/28/2015 6:53:21 PM PDT · by EinNYC · 14 replies
    NY Daily News ^ | October 28, 2015 | ERIN DURKIN
    City Council Speaker Melissa Mark-Viverito said Wednesday President Obama should go around Congress to find a way to aid debt-ridden Puerto Rico. Obama proposed a plan last week to give the island a form of bankruptcy protection and let it restructure debt — but that requires Congressional approval, and the Republican-controlled Congress quickly gave it a hostile reception. "In the light of the lack of response from Congress--no sense of urgency, no sense of concern being expressed to deal with this in any way--we have to figure out other options," Mark-Viverito, who is from Puerto Rico and has become one...
  • The Joy of The Lord[charismatic Caucus]

    10/27/2015 12:35:15 PM PDT · by Jedediah · 1 replies
    The "JOY" of The LORD is much more than just a depth or width for truly its Harmony has a frequency all its own . My Joy IN YOU is as a ( ((Gusher)) ) rising up into the eternity that you ARE in Me and Hallelujahs are the piercing arrows of righteousness that not only penetrate darkness with light but overtake it and explodes a Chorus of worship from Your heart that IS The WellSpring of life I have placed in you. So "rise up WellSpring for The Voice of Many Waters is calling to you for His Glory....
  • White House says Congress must act to help Puerto Rico

    10/21/2015 10:32:48 PM PDT · by Mariner · 45 replies
    AP ^ | October 21st, 2015 | By MARTIN CRUTSINGER
    WASHINGTON (AP) The Obama administration is calling on Congress to provide Puerto Rico with the support it needs to emerge from a serious debt crisis. The administration issued a statement late Wednesday saying its efforts to help would not be enough to solve the crisis and only Congress has the power to adequately address Puerto Rico's problems. The administration proposed a four-step program that calls on Congress to approve restructuring of Puerto Rico's debt burden and then provide oversight for a credible recovery plan. The plan also calls for reforms to Puerto Rico's Medicaid program.
  • Ted Cruz's big, bold map

    10/07/2015 11:02:17 AM PDT · by Isara · 9 replies
    Politico ^ | 10/07/15 | Katie Glueck
    The Texas senator is hunting votes in the most far-flung places to meet the requirements of an obscure RNC rule. Ted Cruz has long contended that the GOP nomination fight will be a grueling, drawn-out affair that could stretch all the way to the convention. And he's taking out an insurance policy just in case. Cruz is working the most distant corners of the political map, courting Republicans in the farthest-flung U.S. territories in an attempt to meet the requirements of Republican National Committee rule No. 40 (b), an obscure provision that currently stipulates that in order to receive the...
  • USCG confirms: SS El Faro has sunk. 33 lives may be lost, still searching

    10/05/2015 7:16:02 AM PDT · by cll · 96 replies
    Various ^ | 10/05/15
    <p>USCG confirms SS El faro has sunk. 1 body and one damaged life boat found among large debris field. details forthcoming.</p>
  • A major maritime disaster is underway in the Atlantic and it is subject to a media blackout?

    10/04/2015 6:33:03 AM PDT · by cll · 146 replies
    10/04/2015 | cll
    An 800 ft. cargo vessel sailing from Jacksonville to San Juan in the vicinity of a major hurricane with 33 crew on board loses power, starts listing, sends a distress signal and goes missing now for four days. Drudge has a link to the story just as a side of other hurricane stories. The story goes largely ignored by the mainstream media. Even Free Republic has taken it down from Breaking and Front Page news. That's 33 souls, 28 of which are Americans, possibly lost at sea or struggling to survive. A major U.S. Coast Guard search and rescue effort...

    10/03/2015 5:58:29 PM PDT · by cll · 38 replies
    AP ^ | 10/03/2015 | Ben Fox & Danica Coto
    NASSAU, Bahamas (AP) -- The U.S. Coast Guard has located a life ring from a cargo ship that lost power and communications during Hurricane Joaquin and is now the subject of an intense search in the southeastern Bahamas. Coast Guard Chief Petty Officer Ryan Doss says the life ring was 120 miles northeast of Crooked Island. That's about 70 miles northeast of the last known position of the El Faro before it lost contact with authorities with 33 people on board. Doss says the crew of a C-130 airplane spotted the life ring Saturday and a helicopter crew confirmed it...
  • Jacksonville cargo ship missing in hurricane Coast Guard in Miami searching for ship with 33 crew

    MIAMI - Coast Guard search and rescue crews are searching for a container ship with 33 crew members that sailed out of Jacksonville and was reported to be caught in Hurricane Joaquin, near Crooked Island, Bahamas. The El Faro, a 735-foot ro-ro cargo ship, was en route to San Juan, Puerto Rico, from Jacksonville. About 7:30 a.m. Thursday, watchstanders at the Coast Guard Atlantic Area command center in Portsmouth, Virginia, received an Inmarsat satellite notification stating the El Faro was beset by Hurricane Joaquin, had lost propulsion and had a 15-degree list. The crew reported the ship had previously taken...
  • Jacksonville Cargo Ship Missing in Hurricane

    10/02/2015 9:50:14 AM PDT · by cll · 14 replies
    News4Jax ^ | 10/02/2015 | Kumasi Aaron
    Coast Guard search and rescue crews are searching for a container ship with 33 crew members that sailed out of Jacksonville and was reported to be caught in Hurricane Joaquin, near Crooked Island, Bahamas. The El Faro, a 735-foot ro-ro cargo ship, sailed out of Jacksonville Tuesday en route to San Juan, Puerto Rico. Tim Nolan, president of TOTE Maritime Puerto Rico, said that when the ship sailed, the crew was monitoring what was then Tropical Storm Joaquin. He said TOTE lost all communication with the El Faro as of 7:20 a.m. Thursday. "There are a number of possible reasons...
  • Dem Rep: Challenge Pope on Abortion, Gays, But Not Illegals, Income Redistribution

    09/23/2015 6:34:16 PM PDT · by governsleastgovernsbest · 12 replies
    NewsBusters ^ | Mark Finkelstein
    To quote the Church Lady: isn't that conv-e-e-e-e-nient? On Chris Hayes' MSNBC show tonight, Dem congressman Luis Gutierrez claimed that while he was "challenged" by the Catholic church's teachings on abortion and gay rights and found them "difficult" [but not difficult enough to change his standard liberal positions], no one can really argue the Pope's positions on illegal immigration and income inequality. View the video here.
  • Russia Wants Texas and Puerto Rico to Secede

    09/24/2015 8:08:48 PM PDT · by 2ndDivisionVet · 22 replies
    The Daily Beast ^ | September 24, 2015 | Casey Michel
    A sham conference held in Moscow this week was all about getting Western regions to break away.Its an open secret that the current Kremlin coterie has an obsession with sovereignty. Moscow may push the oddest version of sovereignty in the international arena. Not only was the country the progenitor of the notion of sovereign democracythe ability to entrench autocracy, disguised as democracy, without foreign interference or pushbackbut Moscows also lobbed recognitions of sovereignty far more frequently than any of its nearest competitors. Are you a Georgian seaside region tired of Tbilisis demands? Are you a forested stretch of eastern Moldova,...
  • Once-thriving Puerto Rico mountain town finds itself at economic abyss amid population flight

    09/21/2015 8:04:37 AM PDT · by george76 · 44 replies
    ap ^ | September 18, 2015
    LARES, Puerto Rico Ismael Rodriguez looked out on a nearly empty plaza from the clothing store he opened in 1960, now hemmed in by padlocked businesses in this mountain town in northwestern Puerto Rico... experiencing the deepest malaise of just about any community on this island in the depths of an economic crisis. "I have seen the destruction of a town," Rodriguez, 67, said as he gestured toward the plaza. "Look at all the shuttered stores." Lares has become emblematic of the economic stagnation that is overwhelming Puerto Rico, and those who live here believe it is a warning...
  • Puerto Rican voters prized by Democrats, Republicans

    09/04/2015 6:06:42 AM PDT · by cll · 11 replies
    AP via The Wichita Eagle ^ | 09/04/2015 | Sergio Bustos
    MIAMI Residents of Puerto Rico are U.S. citizens but can't vote for president. Yet Republican Marco Rubio and Democrat Hillary Rodham Clinton are campaigning there, following two other 2016 White House hopefuls. Why the journey? Despite its crimped political clout, Puerto Rico is seen as one path to presidential victory. Five million Puerto Ricans live on the U.S. mainland, including nearly 1 million in the key swing state of Florida, and they care about what happens back on the island. Rubio is coming Friday for a fundraiser in San Juan and a rally in Santurce. Clinton plans an event...
  • Puerto Rico Plays Chicken With Its Creditors

    08/26/2015 12:11:48 PM PDT · by Lorianne · 4 replies
    Wall Street Journal ^ | 23 August 2015 | Mary Anastasia OGrady
    Failure to negotiate in good faith could cost the island the help it seeks from Washington. ___ On Sept. 1 the state-owned Puerto Rico Electric Power Authority (Prepa) faces a deadline for restructuring more than $8 billion in debt. If it cant come to an agreement with creditors, a previous forbearance agreement will expire and the company will face default. In that event, bondholders could be expected to go to court to begin the process of receivership, as the bond contracts stipulate. This high-stakes negotiation comes when Puerto Rico is asking Congress to give its municipalities and public agencies access...
  • Revelation: Fred DuVal Helped the Clintons Give Clemency to Convicted FALN Terrorists!

    09/15/2014 12:33:07 PM PDT · by connell · 7 replies
    Western Free Press ^ | Sept 15, 2014 | Joe Connor
    Of all the malfeasant scandals the Clintons have committed, from lying under oath, to Whitewater to the Marc Rich pardon, little compares to the politically craven 1999 clemencies to 16 unrepentant terrorists of the Puerto Rican terrorist group FALN (Armed Forces for National Liberation). Fred DuVal was the co-chair of President Clintons White House Interagency Group of Puerto Rico, one of the groups that actively promoted clemency for terrorists. frauncestavernbombingFrom 1974 to 1983, the FALN waged a merciless, bloody war against the United States, attacking civilians mainly in Chicago and New York. On January 24, 1975, the FALNs most deadly...
  • Puerto Ricos Bankruptcy is a Preview of Things to Come Stateside

    08/19/2015 11:13:44 AM PDT · by Kaslin · 8 replies ^ | August 19, 2015 | Jesse Hathaway
    The U.S. territory of Puerto Rico owes more than $70 billionabout $19,729.43 per residentin debt to creditors and investors. First to note the territorys fiscal problems were the credit rating agencies, which downgraded the territorys bond status to speculative, the first of three steps along the junk-bond path to loan default. Over the summer, about a year and a half after insiders warned of the territorys looming problems, Gov. Garca Padilla (PPD) announced, [T]he debt is not payable. My administration is doing everything not to default, Garcia Padilla said in an interview with The New York Times. But we have...
  • Puerto Rico's 'death spiral' can be traced back to one mistake

    08/07/2015 9:27:38 AM PDT · by SeekAndFind · 6 replies
    Business Insider ^ | 08/07/2015 | Linette Lopez
    Puerto Rico is $72 billion in debt, and it will take a painful process to bring the island's finances back from the brink. It's a massive debt load for such a small territory, and the problem can really be traced to one issue bad tax policy. After Puerto Rico let one tax break for manufacturers expire almost a decade ago, manufacturers started shutting down operations on the island. That caused a spike in unemployment. On top of that, business-friendly tax policies for some of the companies that remained allowed multinational giants to pay tax rates of little more than...
  • Drought worsens in Puerto Rico; government extends severe water restrictions

    08/06/2015 6:09:33 AM PDT · by cll · 13 replies
    Fox News ^ | 08/05/2015
    SAN JUAN, Puerto Rico A deepening drought in Puerto Rico has forced the government to extend severe water rationing measures to more communities. A total of nearly 400,000 customers now receive water every third day as the U.S. territory's main reservoirs continue to shrink. Nearly 13 percent of Puerto Rico is under an extreme drought and another 39 percent under a severe one. The National Drought Mitigation Center said a total of 2.5 million people have been affected. The newest rationing measures went into effect Wednesday. The drought has forced some businesses to temporarily close as Puerto Rico struggles...
  • Puerto Rico just defaulted for the first time

    08/03/2015 5:27:56 PM PDT · by Enlightened1 · 23 replies
    CNN ^ | 08/03/15
    Puerto Rico just went into default for the first time in its history. The commonwealth paid a mere $628,000 toward a $58 million debt bill due Monday to creditors of its Public Finance Corporation. This will hurt the island's residents, not Wall Street. The debt is mostly owned by ordinary Puerto Ricans through credit unions. "This was a decision that reflects the serious concerns about the Commonwealth's liquidity in combination with the balance of obligations to our creditors and the equally important obligations to the people of Puerto Rico," Puerto Rico's Government Development Bank president Melba Acosta Febo said in...
  • Puerto Rico defaults on debt repayment in first for a US commonwealth

    08/03/2015 2:47:20 PM PDT · by SeekAndFind · 12 replies
    The Guardian ^ | 08/03/2015
    Puerto Rico missed its first debt repayment on Monday, the first time the troubled US commonwealth has failed to pay its bills. The island paid just $628,000 toward a $58m debt due to creditors of its Public Finance Corporation. While the default was expected, it is likely to worsen the financial situation for the island as it struggles with debts estimated at $72bn.
  • Puerto Rico defaults on $58M debt payment

    08/03/2015 2:41:51 PM PDT · by tcrlaf · 25 replies
    UPI ^ | 8-4-2015 | Danielle Haes
    Puerto Rico paid only $628,000 on a $58 million debt bill due Monday, putting the country into default for the first time. The country's Government Development Bank was supposed to make the full payment on its Public Finance Corporation debt service, but failed to do so. Moody's said it considers the lack of payment a default, CNBC reported. "Due to the lack of appropriated funds for this fiscal year the entirety of the PFC payment was not made today (the first business day after the Saturday deadline)," GDB President Melba Acosta-Febo said in a statement.
  • Opinion: Berrios Family Owes Us $529,000 ( Chicago )

    08/02/2015 9:09:44 AM PDT · by george76 · 11 replies
    5 NBC Chicago ^ | Jul 18, 2013 | Edward McClelland
    Cook County Assessor (and Democratic Central Committee Chairman) Joe Berrios just cost the taxpayers $529,000 the settlements well be paying to 11 county workers he fired so he could replace them with family members and political cronies. Berrios said he didnt know the firings were impermissible because I thought they were all at-will employees. Considering that political hirings and firings have been illegal for 40 years, Berrios should have known better. Most likely, he doesnt care. When questioned about his hiring practices, Berrios claims hes not subject to county ethics rules that prohibit nepotism. Then he asks why his...
  • Puerto Rico: No money available to make $58M bond payment

    07/31/2015 8:03:22 PM PDT · by OddLane · 8 replies
    AP News ^ | July 31, 2015 | Danica Coto
    SAN JUAN, Puerto Rico (AP) Puerto Rico's government said Friday it would not make a $58 million bond payment due on the weekend and warned that the general fund will run out of liquidity by November if no action is taken. Gubernatorial Chief of Staff Victor Suarez said at a news conference that the island's Public Finance Corporation could not meet the payment due Saturday. "We don't have the money," he said, adding that the government still hopes to reach an agreement with creditors on renegotiating its debts. Gov. Alejandro Garcia Padilla warned several weeks ago that the government...
  • Houston 'moneyman' ponies up $10 M for Cruz

    07/31/2015 10:38:11 AM PDT · by 2ndDivisionVet · 5 replies
    The Houston Chronicle ^ | July 31, 2015 | Jennifer Reiley
    Toby Neugebauer, the son of a U.S. Texas congressman, donated almost a third of the funds raised by Super PACs supporting presidential hopeful U.S. Texas Sen. Ted Cruz, according to campaign finance reports filed Friday. Neugebauer, son of Lubbock Republican Randy Neugebauer, donated $10 million to "Keep the Promise II," one of four PACs for Cruz of the same name. Neugebauer is the co-founder of Quantum Energy Partners, a Houston-based private equity firm in the energy industry. According to Bloomberg, the firm has managed more than $7 billion in commitments since 1998. Neugebauer is heavily involved in the energy industry,...
  • Can anything save Puerto Rico from default? (30 cents on the dollar haircut)

    07/30/2015 4:08:08 PM PDT · by jimbo123 · 21 replies
    CBS News ^ | 7/30/15 | BRUCE KENNEDY
    While the ongoing economic drama in Greece is still dominating the financial news headlines, some analysts say Americans should be paying closer attention to a crisis that's unfolding in their own backyard, in Puerto Rico. The U.S. territory and self-governing commonwealth once had one of the most dynamic economies in the Caribbean, fueled in part by manufacturing investment from the American mainland and federal tax breaks. But the end of those tax breaks nearly a decade ago, along with fallout from the Great Recession, have crippled Puerto Rico's economy over the ensuing years. Puerto Rico is scheduled to make nearly...
  • UBS backs away from its Puerto Rico funds after downgrades

    07/28/2015 4:13:10 PM PDT · by jimbo123 · 10 replies
    Reuters ^ | 7/23/15 | SUZANNE BARLYN
    UBS AG is backing away from its own Puerto Rico bond funds, warning clients that they can no longer use them as collateral for certain loans after the island's financial troubles resulted in downgrades by major credit rating agencies. In a July 13 letter to clients, reviewed by Reuters, UBS Puerto Rico arm said it would contact investors to discuss alternatives. The firm will also reduce to zero the collateral value assigned to all Puerto Rico closed-end funds shares, UBS wrote to investors. Puerto Ricos Governor Alejandro Garcia Padilla dropped a bombshell on holders of its $72 billion debt in...
  • Puerto Rico bond default deadline is Saturday

    07/28/2015 3:56:18 PM PDT · by jimbo123 · 6 replies
    CNBC ^ | 7/28/15 | Dawn Giel
    As yet another key debt payment date closes in on Puerto Rico, here's a primer on what you should know, and who it will affect the most ahead of the deadline. Q: If the Puerto Rico Public Finance Corporation (PFC) doesn't pay bondholders on Aug. 1, will it be considered a default? A: Yes. According to Moody's vice president and senior credit officer, Ted Hampton, if there is no payment made on Friday, it will be the first default of a U.S. state, or state-like entity, since Arkansas couldn't make its bond payments during the Great Depression in 1933. Q:...
  • Why Jeb Bush Declaring Support For Puerto Rico's Statehood Should Concern You

    07/28/2015 3:36:33 PM PDT · by jimbo123 · 39 replies
    Latina ^ | 7/28/15 | RAQUEL REICHARD
    Ay Dios! Speaking of the Holy One, Bush took a trip to my home church, Centro Internacional de la Familia, in East Orlando to make his big announcement. "My belief is that Puerto Ricans should have a right to self-determination ... I have long been a supporter of statehood," Bush said. "I believe that full citizenship and all the rights and responsibilities that go along with full citizenship is the proper place." Sounds nice, right? Except that, with deeper inspection, its really not. For starters, Bush went on to say that Puerto Rico needs to solve its economic woes, which...
  • Jeb Bush courts critical Puerto Rican voters in Central Florida

    07/27/2015 1:31:57 PM PDT · by jimbo123 · 36 replies
    Fox News Latino ^ | 7/27/15 | Elizabeth Llorente
    Presidential contender and former Florida Gov. Jeb Bush will be courting a critical group of voters Monday afternoon the fast growing community of Latinos in Central Florida, an area where the Republican last campaigned in 2002. Hundreds of thousands of Latinos, mainly Puerto Ricans, have settled in Central Florida in the years since Bush last served as governor. They include many Puerto Ricans who have fled the islands economic woes and diminishing opportunities.
  • Exodus from Puerto Rico could upend Florida vote in 2016 presidential race

    07/27/2015 8:11:01 AM PDT · by C19fan · 43 replies
    Washington Post ^ | July 26, 2015 | Mary Jordan
    Puerto Ricos economic crisis meant Jeffrey Rondon, 25, struggled to find even part-time work, so he recently joined the growing exodus from his Caribbean island to Florida. Now he holds a full-time restaurant job and something that could upend the 2016 presidential election the right to vote in Florida, the biggest of all swing states. Its important to vote and be heard its a privilege, said Rondon, who is one of thousands of Puerto Ricans who have moved to Florida in the past year.
  • No, Puerto Rico Is Not Our Greece

    07/21/2015 5:08:46 AM PDT · by SeekAndFind · 6 replies
    RCM ^ | 07/21/2015 | Robert Samuelson
    We're told that Puerto Rico is our Greece, and sometimes it seems so. The U.S. territory (its residents have been American citizens since 1917) has a heap of economic problems. Gov. Alejandro Garcia Padilla recently told the New York Times that its $72 billion debt is "not payable." To buttress the point, he commissioned a study of the island's economy by Anne Krueger, a highly respected economist who was a top official of the International Monetary Fund. Her report makes for grim reading. Since 2005, Puerto Rico's economy has shrunk by about 10 percent. Its population is also declining, from...
  • Jeb Bush reaffirms his support for Puerto Rico to become 51st state

    07/18/2015 10:32:08 AM PDT · by ek_hornbeck · 84 replies
    Daily Mail ^ | 4/28/15 | Jill Reilly
    Jeb Bush reaffirmed the idea for Puerto Rico statehood on Tuesday during a visit to Puerto Rico, winning great applause. The former Florida governor and 2016 GOP presidential prospect delivered a speech on economic opportunities peppered with Spanish. He's fluent in the language, and often uses it in Florida, but it's rarely heard in Republican presidential campaign politics.
  • Puerto Rican congressman tells millions of Hispanics to become citizens

    07/16/2015 7:36:13 AM PDT · by BradtotheBone · 16 replies
    Daily Mail ^ | 15:06 EST, 15 July 2015 | David Martosko
    A Democratic congressman wants millions of people who hold U.S. green cards to become American citizens in order to send Donald Trump and other Republicans a message that they're 'mean and frankly, lets be honest, racist.' Louis Gutierrez, who is the senior House Democrat from Illinois and a Puerto Rican immigrant, spoke on the House floor just after 10:00 Wednesday morning, delivering a message especially to more than 5 million Hispanic U.S. residens who are eligible for citizenship today. 'Every time you see Trumps face on your TV, vow to learn a little more English or a few more history...
  • Schaeuble offered [U.S.] Greece for Puerto Rico

    07/09/2015 4:10:31 PM PDT · by cll · 11 replies
    Business Insider ^ | 7/09/2015 | Myles Udland
    Greece is scrambling to get a new bailout package with its European creditors. These negotiations are playing out both behind closed doors and in public. And on Thursday at an event in Frankfurt, German finance minister Wolfgang Schaeuble didn't exactly strike a particularly sincere tone when talking about Greece and the other major debt crisis going on right now, Puerto Rico. According to Bloomberg, Schaeuble said, "I offered my friend [US Treasury Secretary] Jack Lew these days that we could take Puerto Rico into the euro zone if the U.S. were willing to take Greece into the dollar union. He...
  • House GOP opposes bankruptcy protections for Puerto Rico

    07/08/2015 2:44:30 PM PDT · by Olog-hai · 6 replies
    Associated Press ^ | Jul 8, 2015 5:32 PM EDT | Erica Werner
    Leading House Republicans declared their opposition Wednesday to allowing debt-ridden Puerto Rico access to Chapter 9 bankruptcy protections, raising new uncertainty about how the island can emerge from its financial crisis. A statement from House Judiciary Chairman Bob Goodlatte of Virginia said members of his committee share a concern that to provide Puerto Ricos municipalities access to chapter 9 of the Bankruptcy Code would not, by itself, solve Puerto Ricos difficulties, which are associated with underlying, structural economic problems.
  • Jeb Bush and Hillary Clinton support bankruptcy rights for Puerto Rico

    07/07/2015 1:57:54 PM PDT · by jimbo123 · 21 replies
    CNN ^ | 7/7/15 | Heather Long
    Puerto Rico has two very powerful allies in its debt drama: Jeb Bush and Hillary Clinton. Both 2016 presidential candidates support giving Puerto Rico the same legal bankruptcy rights that states have. Puerto Rico's governor has been lobbying hard for the change to help deal with the commonwealth's $73 billion debt. There's a bill in Congress to give Puerto Rico what it wants, but it has no co-sponsors. That's why Bush and Clinton's backing could be key. "I think that Puerto Rico ought to be treated as other states are treated as it relates to restructuring," Bush said during a...
  • Economic hardships in Puerto Rico spur a mass exodus to the U.S. mainland

    07/07/2015 6:17:26 AM PDT · by Kartographer · 26 replies ^ | 7/6/15 | NANCY SAN MARTIN
    Its hard to quit and start over but I have no choice, said Puente, who was born in Bayamn. My kids are worried and ask many questions but they understand. We dont even have money to go to the movies. The cost of living is too high. The government gives money to the people who dont work, to those doing drugs, living on welfare, she said. Im not willing to do that anymore. The new sales tax now surpassing that of any U.S. state is just one of many measures underway to help resolve a financial crisis that...
  • Puerto Rico Shows Greece Needs 50 Billion A Year: And Would Still Fail Even Then

    07/06/2015 12:21:37 AM PDT · by bob_denard · 4 replies
    Forbes ^ | 7/05/2015 | Tim Worstall
    Its true, as Paul Krugman says, that Greece and Puerto Rico are not in exactly the same position. PR is bust to some extent, yes, but its not in the middle of a catastrophe, as Greece is. However, there is also a similarity in their situations, one thats extremely instructive. Theyre both suffering from being in a monetary policy zone, a currency zone, that isnt really suitable for their circumstances. One of the two is in a fiscal policy union as well as that monetary union, the other is not. And its long been agreed that if youre to have...
  • Dinner With Hillary Contest Changes Fine Print To Not Exclude Illegals

    07/05/2015 8:28:36 PM PDT · by E. Pluribus Unum · 29 replies
    World Net Daily ^ | July 5, 2015 | Patrick Howley
    The Hillary Clinton campaigns Dinner With Hillary contest has slightly different fine print than past Clinton campaign contests. The rules have been altered so as not to explicitly exclude illegal immigrants from entering.As The Daily Caller reported, the Clinton campaigns Meet Hillary contest, which closed for entries June 5, prohibited DREAMers from entering or winning prizes.Promotion open only to U.S. citizens, or lawful permanent U.S. residents who are legal residents of the 50 states, DC or Puerto Rico and 18 or older (or age of majority under applicable law), according to that contests fine print.But the new Dinner With Hillary...
  • Why The Puerto Rico Debt Crisis Is Such A Huge Threat To The U.S. Financial System

    07/05/2015 3:52:11 PM PDT · by SeekAndFind · 54 replies
    TEC ^ | 07/03/2015 | Michael Snyder
    The debt crisis in Puerto Rico could potentially cost financial institutions in the United States tens of billions of dollars in losses. This week, Puerto Rico Governor Alejandro Garcia Padilla publicly announced that Puerto Rico’s 73 billion dollar debt is “not payable,” and a special adviser that was recently appointed to help straighten out the island’s finances said that it is “insolvent” and will totally run out of cash very shortly. At this point, Puerto Rico’s debt is approximately 15 times larger than the per capita median debt of the 50 U.S. states. Yes, the Greek debt crisis is larger,...
  • Will Puerto Rico Cause An Inadvertent Black Swan Derivatives Melt-Down?

    07/05/2015 11:55:20 AM PDT · by Lorianne · 24 replies
    IRD ^ | 30 June 2015 | ?
    I really had not been paying much attention to the Puerto Rico debt situation. After all, $72 billion in debt that might go bad big deal. The Fed can print up $72 billion in credit lines with the push of a button. But a friend of mine happened to mention to me today (Monday) that MBIAs stock was down over 23% and Assured Guarantys stock was down over 13%. That woke me up. Companies like MBI and AMBAC underwrite credit enhancement guarantees on these massive cesspools of debt and the associated derivatives that are wrapped around the debt...
  • Progressive Paradise Lost

    07/04/2015 10:07:58 AM PDT · by Tolerance Sucks Rocks · 20 replies
    The Daily Signal ^ | July 1, 2015 | Salim Furth
    It’s a progressive paradise.Public employees get 30 vacation days a year. Anyone who works over eight hours in a day gets paid time-and-a-half. Employees have strong rights.The minimum wage is high: 77 percent of the median wage.Environmental regulations are settled beyond the pressure of local economic interests. The forests and mountains are pristine destinations for ecotourism.Energy costs are kept high, pushing consumption down to a level deemed “socially beneficial”. Utilities have strong public backing and provide jobs to thousands.Union jobs in shipping are protected from outsourcing to cut-rate foreign competitors.The social safety net is buoyant and provides a solid working-class standard...
  • Why anyone who compares Puerto Rico to Greece is wrong

    07/04/2015 6:36:17 AM PDT · by SeekAndFind · 16 replies
    Washington Post ^ | 07/04/2015 | By Matt O'Brien
    Its economy has been shrinking for years, its debts have been piling up for even longer, and its government has finally admitted that even brutal tax hikes and spending cuts wouldn't be enough for it to pay back everything it owes. I'm talking, of course, about Puerto Rico. Its governor, Alejandro Garca Padilla, admitted to the New York Times on Sunday that the island is going to have restructure its $72 billion in debt that is "not payable." Now, if it sounds like you've been hearing some variation of this story for years now, it's because you havejust about Greece....
  • The Greeks Invented Mathematics, and Now Its Bankrupting Them

    07/02/2015 7:39:59 AM PDT · by SeekAndFind · 24 replies
    National Review ^ | 07/02/2015 | Kevin Williamson
    In the short term, the world runs on words; in the long term, the world runs on numbers. It is as though the Muses came to an agreement: In the here and now, mankind is subject to rhetoric, but mathematics gets the final say. In Athens, in San Juan, in Detroit, in Sacramento, in Springfield, and, soon enough, in Washington, Mathematics is arousing herself from her torpor, and she is cranky as hell. The long term is here. Greece has defaulted on its sovereign debt, and its banks have been shut down. Television viewers accustomed to watching a few odd...