Economy and Crime Spur New Puerto Rican Exodus by By LIZETTE ALVAREZ
Puerto Rico’s extended woes, including high unemployment and pervasive crime, are causing a worrisome exodus of professionals and middle-class residents to places like Florida and Texas.Puerto Rico's Second Cut to Junk Debt by By MARY WILLIAMS WALSH
The new downgrade was expected to further narrow the island’s room for tight financial maneuvering and has reportedly given rise to discussions with lenders about short-term relief on certain payments.
Answer to Puerto Rico's Debt Woes? It's Complicated by By STEPHEN J. LUBBEN
Puerto Rico is in a jam, writes Stephen J. Lubben. It is not considered a state, which means it can’t resort to bankruptcy to deal with its debt problems. Nor is it a sovereign nation, which means it can’t rely on sovereign immunity.
Analysts and traders said prices of some Puerto Rico bonds traded lower on Wednesday, but therewas no mass selling that might indicate a panic.
S.&P. Lowers Puerto Rico Debt to Junk Status by By MARY WILLIAMS WALSH
The move intensified a cash squeeze for the commonwealth, whose financial condition is of outsize importance to the rest of the United States because its debt is widely held by individual investors through mutual funds.
$2 Billion Deal in Works for Puerto Rico by By MICHAEL CORKERY
Puerto Rico, battling a financial crisis that includes high unemployment and a crushing debt load, may have to pay interest as high as 10 percent.
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Op-Ed: Open letter to Puerto Rico’s info tech sector
February 7, 2014
I was recently reading the January 2014 publication “Perspectivas“ from Estudios Técnicos and came across a quote t ...
SME Sales Summit to focus on educating sales forces
February 7, 2014
Recognizing that sales are the engine to move the economy forward, the Puerto Rico Sales and Marketing Association will ...
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La calificación de crédito de Puerto Rico sufrió el viernes su segundo golpe en una semana cuando Moody's Investors Service anunció que había reducido el estatus de su deuda a nivel de basura.
El salsero Marc Anthony será homenajeado con el mayor tributo que otorgan los premios Lo Nuestro, que honrarán su trayectoria como uno de los artistas más exitosos la música latina.
Puerto Rico DJ pleads guilty to sexual exploitation of three minors
January 15, 2014
SAN JUAN, Puerto Rico -- A former disc jockey for area high school parties pleaded guilty on Monday in the District of Puerto Rico to producing child pornography. Eduardo Santiago-Rivera, 45, pleaded guilty before US Magistrate Judge Vélez-Rivé in the District of Puerto Rico to nine counts of...Puerto Rico authorities seize 78lbs of cocaine inside container from Dominican Republic
January 15, 2014
SAN JUAN, Puerto Rico -- US Customs and Border Protection (CBP) officers in Puerto Rico on Monday seized 78 pounds (35.5 kilos) of cocaine inside a container at the San Juan seaport. During the inspection of containers arriving on the M/V Caribbean Fantasy ferry arriving from Santo Domingo...- Navigating 'Island' Parenting: New Year's Resolutions
- Expedia reports increase in travel demand for Caribbean and reinforces commitment to region
- Puerto Rico voted top Caribbean island
- Saint Lucia's 2013 visitor arrivals exceed 2011 high
- First Caribbean archbishop elevated to cardinal
- Dominican Republic newspaper reporter denounces plot to kill him
- Three cases of chickungunya virus confirmed in BVI
- Trinidad MP condemns remarks by attorney general
- Fiscal mismanagement bankrupting Barbuda, says finance minister
- St Kitts-Nevis PM accused of trampling on constitution
- Anti-doping committees in Barbados to address drug use in sports
- RORC Caribbean 600 entices top offshore racers
- Dottin suspended, to miss West Indies Women's NZ tour
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Puerto Rico authorities apprehend 17 Haitian undocumented migrants
January 16, 2014
AGUADILLA, Puerto Rico -- US Customs and Border Protection (CBP) border patrol and air and marine agents apprehended 17 Haitian nationals on Wednesday who had landed on Mona Island on Tuesday. Park Rangers from the Puerto Rico Department of Environmental and Natural Resources...- Carnival-calypso season once again in Dominica
- US court rejects challenge to offshore tax avoidance regulations
- Logistics hub represents opportunity to breathe new life into Jamaica
- Puerto Rico authorities seize 78lbs of cocaine inside container from Dominican Republic
- Jamaica's commitment to regionalism remains firm, says PM
- Transparency International to assess corruption risks in key institutions in St Maarten
- Puerto Rico DJ pleads guilty to sexual exploitation of three minors
- Jamaican recording artist charged in US as leader of drug trafficking network
- Hip-hop star Wyclef Jean blasts donors over shortcomings in Haiti, four years after quake
- Former Turks and Caicos premier released on bail
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Puerto Rico must join CELAC, says Venezuela president
January 24, 2014
CARACAS, Venezuela (ACN) -- Venezuelan President Nicolas Maduro said that he will propose the membership of Puerto Rico at the Community of Latin American and Caribbean States (CELAC), whose second summit will be held January 28 and 29 in Havana.- Four individuals sentenced for trafficking identities of Puerto Rican US citizens
- Barbados ripe for investment, says minister
- Firefighters successfully extinguish brush fire in Dominica
- St Kitts-Nevis PM accuses opponents of trying to destabilise country
- Bahamas government re-acquires control of local telecoms company
- Haiti continues to make progress in fight against cholera
- LIAT denies leasing planes owned by St Vincent PM
- West Trinidad in darkness following fire
- New criminal complaint filed against Cayman Islands officials
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- Old San Juan, Puerto Rico: A Caribbean city rich in charm and culture
- Southwest Airlines announces trio of Caribbean destinations
- Air Canada rouge to offer more Caribbean destinations this summer from Toronto and Montreal
- Antigua-Barbuda capitalizes on arctic blast in US
- Foreign airlines suspend local currency ticket sales in Venezuela
- CDC to evaluate possible norovirus outbreak during cruise ship stop in USVI
Old San Juan, Puerto Rico: A Caribbean city rich in charm and culture
January 28, 2014
SAN JUAN, Puerto Rico -- Second in size to only Santo Domingo, San Juan is a big Caribbean city. From the moment your foot touches Puerto Rico's rich, fertile soil, its scale becomes apparent. Three-lane highways surround San Juan's city limits, meandering streets fill dense districts within.- More than half a million Jamaicans to find a PATH to new opportunities
- Belize and Guatemala agree on plan to strengthen relations
- Region looking to adopt Jamaica's telecoms model
- USVI Government House calls for peace over budget
- Nevis deputy premier reports opposition senator to police for radio comments
- UN secretary general to attend CELAC summit in Cuba
- Operation OPBAT nets 2,100 pounds of marijuana in Bahamas
- Opposition still delaying anti-money laundering law in Guyana
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Puerto Rico governor to introduce balanced budget for fiscal year 2014-15
February 4, 2014
SAN JUAN, Puerto Rico -- Ingrid Vila Biaggi, chief of staff to Puerto Rico Governor Alejandro Garcia Padilla, announced on Monday that a balanced budget for the 2014-2015 fiscal year will be introduced in the coming weeks. This follows more than a year of fiscal reforms, including reforms to three of...- Puerto Rico high-end hotels and rum events attract the world
- Guyanese-American author wins third international award
- US Coast Guard searches for missing diver in Bahamas
- Antigua-Barbuda on right path to outsourcing market, says industry experts
- IMF concludes mission to St Kitts-Nevis
- St Lucia party leaders each accused of double standards
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Puerto Rico credit rating downgraded to 'speculative'
February 5, 2014
NEW YORK, USA -- Standard & Poor's Ratings Services (S&P) has lowered its rating on Puerto Rico's general obligation (GO) debt to 'BB+' (non-investment grade/speculative) from 'BBB-'. At the same time, S&P downgraded Commonwealth appropriation secured debt and Employee...- Bermuda Hospitals Trust receives $500,000 donation
- St Lucia, St Vincent, Grenada collaborate to improve regional telecoms
- Accommodation providers in Montserrat benefit from marketing techniques workshop
- Air Journey brings 12 aircraft, 34 passengers to Nevis on inaugural visit
- OAS anti-corruption mission to conduct on-site visit to Haiti
- Puerto Rico governor to introduce balanced budget for fiscal year 2014-15
- More than 200 march in Bahamas in support of death penalty
- Election campaigning begins in Antigua-Barbuda
- Grenada opposition elects new leader
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This Week Top Story: Puerto Rico weighs options to borrow up to $2 billion. Read: http://goo.gl/yor3Zt#caribbeanbusiness
Find all your movies and theaters information in the same place: http://ow.ly/pUR7e#caribbeanbusiness. With Amnellys Rivera Soto
Saturday, February 8th, 2014
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Elections in El Salvador, Costa Rica appear headed for runoffs
Dalje.com 11, 2001, attacks on the United States in which U.S. flags were burned, and favors the Venezuelan-led ALBA trade bloc, which could create potential tension with the United States. Sanchez Ceren also has said he favors using the army to combat violent ... and more » |