Bloomberg - Feb 6, 2014
The U.S. commonwealth of 3.6 million people is set to issue bonds to help plug budget... Read More. The U.S. commonwealth of 3.6 million people is set to issue bonds to help plug budget deficits and stave off a deeper downgrade. Close. Close. Open.
Fox News Latino - Feb 6, 2014
Puerto Rican officials on Wednesday rushed to propose new measures aimed at boosting the island's economy and appeasing bondholders a day after credit rating agency Standard & Poor's downgraded the U.S. territory's debt to "junk" status. Meanwhile ...
New York Times - Feb 6, 2014
Standard & Poor's lowered Puerto Rico's credit rating to junk status on Tuesday, but on Wednesday, the market responded with barely a flinch. While prices of some of the island's bonds traded lower, there was nothing close to the kind of mass sell-off that ...
New York Times - Feb 6, 2014
An abandoned house in Ponce, on Puerto Rico's southern coast. S.&P. Alvin Baez/Reuters An abandoned house in Ponce, on Puerto Rico's southern coast. S.&P. has cut the commonwealth's credit rating to junk. Investors' faith in Puerto Rico's debt appeared ...
Bloomberg - Feb 6, 2014
Feb. 6 (Bloomberg) -- Bloomberg Economics Editor Michael McKee examines Puerto Rico's economic troubles and its importance to U.S. markets on Bloomberg Television's “Bloomberg Surveillance.” Please enable JavaScript to view the comments powered ...
<a href="http://Philly.com" rel="nofollow">Philly.com</a> - Feb 6, 2014
We wrote earlier this week about what investors expected if and when Puerto Rico's municipal debt was downgraded to "junk" status. Now that the downgrade has happened, what are bond investors doing to take advantage of the market weakness?
The Australian Financial Review - Feb 5, 2014
Standard & Poor's cut Puerto Rico's credit rating to junk status, in the latest blow to an economy that has been battling chronic recession. Photo: Reuters. Investors including BlackRock and Vanguard Group say Puerto Rico's finances hinge on its ability to carry ...
Reuters - Feb 5, 2014
NEW YORK Feb 5 (Reuters) - Puerto Rico will face trouble selling bonds after Standard & Poor's cut its credit rating to junk status, spelling possible trouble for the cash-strapped U.S. territory as it tries to push ahead with debt deals worth as much as $2 billion, ...
Reuters - Feb 5, 2014
Feb 5 (Reuters) - Puerto Rico is teeing up sizeable debt deals that may include securities from an untested borrowing agency, financial industry sources said, a move that could take on new urgency after Standard & Poor's cut the island's credit rating to junk.
Reuters Blogs (blog) - Feb 5, 2014
Welcome to the Counterparties email. The sign-up page is here, it's just a matter of checking a box if you're already registered on the Reuters website. Send suggestions, story tips and complaints to <a href="mailto:Counterparties.Reuters@gmail.com">Counterparties.Reuters@gmail.com</a>. Yesterday in forgone ...
Reuters Blogs (blog) - Feb 5, 2014
Ryan McCarthy has a good round-up of Puerto Rico's debt problems, which have now been exacerbated by S&P downgrading the island's bonds to junk status. (Moody's and Fitch are certain to do so as well, in short order.) For a good one-stop overview of ...
AFP - Feb 5, 2014
San Juan — Puerto Rico said Wednesday it would further reduce its deficit and seek to renegotiate some of its debt, a day after seeing its credit rating cut to junk status. Responding to new pressure on its finances, Governor Alejandro Garcia Padilla ...
Bloomberg - Feb 5, 2014
This man's job just got harder: He's Puerto Rican Governor Alejandro Garcia Padilla,... Read More. This man's job just got harder: He's Puerto Rican Governor Alejandro Garcia Padilla, and the island's debt has just been downgraded to junk. Photograph by ...
Reuters - Feb 5, 2014
NEW YORK Feb 5 (Reuters) - Puerto Rico's governor on Wednesday said he will renegotiate loans requiring accelerated payments of as much as $940 million because the heavily indebted Caribbean island lost its investment-grade credit rating. Gov.
Wall Street Journal - Feb 5, 2014
Puerto Rico's bonds inched higher a day after Standard & Poor's cut the island's credit rating to junk status, as some buyers are relieved to have the event behind them, according to traders and investors. "The markets can now trade without the heavy weight of ...
Wall Street Journal (blog) - Feb 5, 2014
One muni bond analyst came out swinging after S&P downgraded the credit rating of Puerto Rico to junk status and warned that the island nation could see its debt rating cut further in the next few months. “The action appears to be driven by S&P's concern ...
San Francisco Chronicle - Feb 5, 2014
(Updates with investor comment under heading 'Deal Hinge.' Feb. 5 (Bloomberg) -- Yields on some Puerto Rico bonds fell to a two-month low as investors said yesterday's cut to junk status spurred buyers who had been delaying purchases in anticipation of a ...
Daily Times - Feb 5, 2014
WASHINGTON: Standard & Poor's on Tuesday cut the debt rating of Puerto Rico to junk status, saying the US territory is facing a liquidity squeeze due to high debts and a high deficit. S&P lowered Puerto Rico's rating by one step to the “speculative” grade of ...
Wall Street Journal - Feb 5, 2014
Puerto Rico has shown the "political will" to tackle its financial problems, but more must still be done, a U.S. Treasury spokesperson said. Tourists in January walk near the 16th century Spanish fort called El Morro in Old San Juan, Puerto Rico. Associated ...
Businessweek - Feb 5, 2014
A vacant building on Nov. 12, 2013 in the Santurce neighborhood of San Juan, Puerto Rico. Photographer: Christopher Gregory/Getty Images. Standard & Poor's cut Puerto Rico to junk yesterday, catching up with investors in the $3.7 trillion municipal market ...
NPR (blog) - Feb 5, 2014
A day after S&P downgraded Puerto Rico's credit rating to junk status, the White House said it was not contemplating a bailout for the island. Reuters reports: "A White House spokeswoman declined to comment about the S&P move specifically but said the ...
Huffington Post - Feb 5, 2014
SAN JUAN, Puerto Rico (AP) — Puerto Rican officials on Wednesday rushed to propose new measures aimed at boosting the island's economy and appeasing concerned bondholders a day after credit rating agency Standard & Poor's downgraded the U.S. ...
Financial Times - Feb 5, 2014
A strong rally in municipal bonds at the start of the year may stall in the aftermath of Puerto Rico's downgrade to junk status by Standard & Poor's, analysts said on Wednesday. After losses and massive redemptions in 2013, bonds sold by states and ...
Slate Magazine (blog) - Feb 5, 2014
Despite the bosses' continued refusal to send me on a winter reporting trip to Puerto Rico, the economic and finance situation there continues to roll downhill as S&P downgrades Puerto Rico's bonds to junk status. The big problem for Puerto Rico right now is ...
Christian Science Monitor - Feb 5, 2014
Puerto Rico's governor says he is renegotiating the payment of short-term debt and has ordered all government agencies to reduce their current budgets by 2 percent after the island's credit rating was downgraded to junk status. Skip to next paragraph.
Reuters - Feb 5, 2014
NEW YORK Feb 5 (Reuters) - Puerto Rico bond prices were mixed on Wednesday, with some issues slumping and others perking up from lows touched after Standard & Poor's knocked the Caribbean island's overall credit rating into junk-bond territory.
Reuters - Feb 5, 2014
WASHINGTON Feb 5 (Reuters) - The White House said on Wednesday it was still not considering a bailout for Puerto Rico after Standard & Poor's on Tuesday cut its credit rating to junk status. A White House spokeswoman declined to comment about the ...
USA TODAY - Feb 5, 2014
Standard and Poor's lowered the debt of Puerto Rico to junk status Tuesday, making it more difficult for the cash-strapped island to raise money. S&P downgraded Puerto Rican debt from to BB+ from BBB- with negative implications, meaning that further ...
CBS News - Feb 5, 2014
A worker sweeps up litter on November 14, 2013 in San Juan, Puerto Rico. The Government remains the largest employer in Puerto Rico and can only service about 11 percent of the pension costs out of its budget. Christopher Gregory, Getty Images. Shares.
Forbes - Feb 5, 2014
UBS Puerto Rico bond investors better look out; the giant investment bank's research analysts just dropped the first shoe on your heads. Last week, UBS issued a report stating that at least one of the Big 3 rating agencies, Moody's, Fitch or Standard & Poor's, ...
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Voices: 'Hispanic' is poor way to describe rich cultures
USA TODAY As I finished an interview with a state senator in northern Florida, he suggested I try out a Mexican restaurant a few blocks away. "You'll love it," he said. ... Over the years, though, I came to realize that the unwillingness of this well-educated ... and more » |
 Yahoo Eurosport UK |
Baseball - Venezuelan arrests at Cuba baseball protest stir local politics
Yahoo Eurosport UK ... government's popular welfare programs, they have also become a focus of resentment for many Venezuelan opposition activists. The tournament, which also features teams from Venezuela, Mexico, Dominican Republic and Puerto Rico, ends on Saturday. Venezuelan arrests at Cuba baseball protest stir local politicsEurosport.com ASIA all 19 news articles » |
Venezuelan arrests at Cuba baseball protest stir local politics
Reuters The tournament, which also features teams from Venezuela, Mexico, Dominican Republic andPuerto Rico, ends on Saturday. Villa Clara has lost its opening three games. (This story has been refiled to clarify event was opening ceremony of tournament, not ... and more » |
Time for Puerto Rico to Declare a Crisis
PanAm Post (blog) Credit-rating agency Standard and Poor's (S&P) has downgraded Puerto Rico's general-obligation bonds to “junk” status. In the short term, this makes it even more difficult for Puerto Rico to obtain financing through loans or bonds. ... It is time for ... How Puerto Rico got into this economic mess you keep hearing aboutQuartz Florida could learn clean energy solutions from Puerto RicoClean Energy News (blog) Puerto Rico's Debt Now Junk As Expenses Continue To Outpace RevenueValueWalk SYS-CON Media (press release) all 249 news articles » |
US Not Contemplating Financial Assistance for Puerto Rico
Wall Street Journal ... in Old San Juan, Puerto Rico. Associated Press. Puerto Rico has shown the "political will" to tackle its economic problems, but more must be done to address the island commonwealth's financial situation, a U.S. Treasury spokesperson said late Tuesday. |
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Believes Puerto Rico Story Was Inaccurate
Cape May County Herald (press release) 29 article “Puerto Rico Statehood? Cape Residents Share Mixed Views over Island's Future” lacks accuracy and has a lot of disinformation. The first bit of disinformation is that past referenda has resulted in support of the status quo. This is simply ... |
 Tiwy.com - news of Latin America |
CELAC Summit in Havana challenges U.S. domination
Workers World In the Latin American and Caribbean area, the peoples' participation in political life, with a renewed involvement of sectors of the population who had been excluded for decades, has brought about significant positive changes in their governments ... “Our America”: The CELAC's Alternative RegionalismBrown Political Review US Turning into Latin America's BackyardTiwy.com - news of Latin America all 24 news articles » |
Garcia Takes Step To Become Puerto Rico's Next Star
BoxingScene.com The phrase – born from a song in the mid-1990's-loosely translates to “I am Puerto Rican, just so you know” and in the past couple of decades has defined Boricua culture, chanted at sporting events, parades and political rallies. Garcia is no stranger ... and more » |
 CNNMoney |
Puerto Rico's Debt Now Junk As Expenses Continue To Outpace Revenue
ValueWalk Concerns are that political and government leaders will be placed in a difficult position of dramatically reducing spending or somehow raising revenue to fill the gap. As reported in ValueWalk two days ago, Puerto Rico Governor Alejandro Garcia Padilla... Treasury Secretary And GDB Chairman Comment On Standard & Poor's Ratings ... SYS-CON Media (press release) all 85 news articles » |
S&P downgrades Puerto Rico debt to junk status
Dubuque Telegraph Herald Puerto Rico has entered its eighth year in recession, while struggling with $70 billion in public debt and a 15.4 percent unemployment rate, higher than any U.S. state. S&P says the downgrade would have been more severe without the reductions to island ... |
Tiwy.com - news of Latin America |
“Our America”: The CELAC's Alternative Regionalism
Brown Political Review Eventually, the US-led organization became the largest forum for establishing economic, politicaland social agendas across the Americas. The most notable of these are its ... This was evident during the Havana Summit, where traditional left-wing ... Embassy of Cuba in New Zealand Newsletter No.4Scoop.co.nz (press release) US Turning into Latin America's BackyardTiwy.com - news of Latin America all 22 news articles » |
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Island economy prevents easy resolution of Puerto Rico's drug trafficking ...
Fierce Homeland Security A prerequisite to tackling the drug trafficking threat to the United States mainland posed byPuerto Rico is resolving systemic economic problems, says a report published by the Center for Strategic and International Studies. ... But, only with that ... |
AP PHOTOS: Editor selections from Latin America
Ct Post In this Friday, Jan. 31, 2014 photo, the body of boxer Christopher Rivera is propped up on a staged boxing ring during his wake in San Juan, Puerto Rico. Rivera was memorialized at his wake standing up in the makeshift boxing ring set up at a community ... and more » |
 WWNO |
English Only? For Mainland Puerto Ricans, The Answer Is Often 'Yes'
WWNO But it turns out my penchant for English isn't unique for a mainland Puerto Rican, according to a survey of American Latinos by NPR, the Robert Wood Johnson Foundation and the Harvard School of Public Health. Given a choice between answering a ... So ... |
Fitz's Hits: Happy birthday, Twin Oaks; anti-corruption law could be in trouble
The Providence Journal But in a separate case the 1st U.S. Circuit Court of Appeals has split from other circuits, saying federal law “does not criminalize gratuities.” In that case the payoff was a trip to a Vegas prize fight in return for favorable legislation in Puerto ... |
Ponce de Leon Timeline: Search continues for San Cristobal
St. Augustine Record The previous year, Juan Ponce de León had split his expedition in late September in order to bring the survivors of a shipwreck back to Puerto Rico. He had dispatched one of his three vessels, the San Cristóbal to continue the search for the fabled ... |
Puerto Rican nationalist to speak at MTSU
Murfreesboro Post Former Puerto Rican political prisoner Ricardo Jimenez will share his story Monday at Middle Tennessee State University. Jimenez spent nearly 20 years in maximum security prisons after his conviction for seditious conspiracy related to his commitment ... |
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 WDDE 91.1 FM | Delaware's NPR News station |
First State Hispanics face many barriers to mental health care
WDDE 91.1 FM | Delaware's NPR News station The Latin American Community Center or El Centro Latino was created in 1969, founded by a group of Puerto Rican migrants who had been meeting in a nearby church basement for several years. In the beginning, programs focused on finding housing and jobs ... |
San Francisco Sheriff Wants Obamacare For Former Inmates
Huffington Post ... in a bloody coup on Sept. 11, 1973, torturing and disappearing thousands of his political rivals with the backing of the U.S. government. ... Woodrow Wilson ordered the Marines to <a href="http://history.state.gov/milestones/1914-1920/Haiti">invade ... and more » |
 Baltimore Post-Examiner |
Puerto Rico's economy in severe crisis
Baltimore Post-Examiner WASHINGTON — José J. Villamil, one of Puerto Rico's leading economists, offered a grim assessment of the island's fiscal health during a lecture Tuesday at Washington's Center for Strategic & International Studies. About 50 government officials ... |
Costa Rica's leftist surge isn't new Tico History
Tico Times Villalta's rise and Araya's fall could upset 50 years of political dominance in Costa Rica ... The alliance between Mora, Rafael Ángel Calderón Guardia's populist Republican Party and Catholic Church Archbishop Victor Manuel Sanabria was an only-in ... and more » |
 Telegraph.co.uk |
Argentina's coming collapse
Washington Post Ms. Kirchner's response to the crisis has been in character, as well: As the peso plunged, she flew off to Havana to join a conference to promote independence forPuerto Rico. When journalists asked about the sell-off, she blamed “speculative pressures ... How Argentines Cope With Yet Another Unstable EconomyHuffington Post all 298 news articles » |
Senators Take Major Step Toward Ending Drug War
Huffington Post "By ensuring that the most severe penalties are reserved for serious drug traffickers, we can reduce unfair disparities in our criminal justice system and reduce the burden on our overcrowded prison system. It is my hope that the Senate will adopt this ... and more » |
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Will the 2014 Muni Market Be Good for Issuers?
Governing Blame the latest run on funds on state and local pension problems, the bankruptcies of cities in California and, of course, Detroit, and concerns about Puerto Rico's fiscal state. There was also the active threat that Congress would do away with the ... |
 BBC News |
Cuba asserts American vision without US
BBC News Hosting the event was something of a political triumph for Cuba's government after decades of US policy aimed at isolating the Communist-run island; it came as the European Union confirmed moves to normalise relations with Havana after a long stand-off ... Havana summit calls for independent Puerto RicoUPI.com Venezuela Speaks Out Against “Colonialism” at CELAC SummitVenezuelanalysis.com Latin America summit wraps up in Cuba on note of peaceCBS News Havana Times-Escambray all 334 news articles » |
How marijuana munis could save the states
Fortune (blog) Earlier last year Doe and his colleagues had joked about whether a market for medical marijuana tourism could revive the flagging finances of a place like Puerto Rico, whose bond rating has dropped in recent years. MORE: Obama's muted ... In Washington ... and more » |
Puerto Rico's Debt Bomb. Could Puerto Rico become “The New Greece” in the ...
Center for Research on Globalization If Puerto Rico's credit rating is downgraded to junk status then the crisis “could trigger accelerated debt repayments and demands for more collateral for interest-rate swap contracts” the report said. Austerity measures could be possibly implemented ... |
How Argentines Cope With Yet Another Unstable Economy
Huffington Post Restoring Argentina's sense of pride and sovereignty after that collapse has been the central goal of President Cristina Fernandez and her late husband and political predecessor, Nestor Kirchner. The presidential couple negotiated or paid off most of ... and more » |
 Edmonton Journal |
Latin America summit wraps up in Cuba on note of peace
CBS News ... CELAC chief Raul Castro, says the nations of the hemisphere are committed to nonintervention in each other's internal affairs, to cultivate cooperation and friendship and to fully respect "the inalienable right of every state to choose its ... Havana summit calls for independent Costa RicaUPI.com Cuba pulls off diplomatic coups as host country of CELAC summitEL PAÍS in English Washington Be Damned, CELAC Makes Real 'Our America' (Opera Mundi, Brazil)Worldmeets.us Havana Times all 159 news articles » |
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 The Province |
Havana summit calls for independent Puerto Rico
UPI.com 29 (UPI) -- Latin American states arrayed in opposition to U.S. influence in the region want an independent Puerto Rico to formalize its membership of the Community of Latin American and Caribbean States, Venezuelan President Nicolas Maduro said ... Latin America summit wraps up in Cuba on note of peaceCBS News Raul Castro's Speech to Havana SummitHavana Times Washington Be Damned, CELAC Makes Real 'Our America' (Opera Mundi, Brazil)Worldmeets.us EL PAÍS in English all 185 news articles » |
Havana summit calls for independent Costa Rica
UPI.com 29 (UPI) -- Latin American states arrayed in opposition to U.S. influence in the region want an independent Puerto Rico to formalize its membership of the Community of Latin American and Caribbean States, Venezuelan President Nicolas Maduro said ... |
Sochi: The Reality of Terrorist Threats
Huffington Post Canada In the early 1990s with the breakup of the Soviet Union, issues arose when the "new Russia," which had just repelled attacks by proponents of restoring the old Communist guard, faced a separatist challenge from Chechnya and numerous ethnic political ... and more » |
'No gringos allowed': Cuba swipes at US in Latin American, Caribbean summit
South China Morning Post Cuban President Raul Castro challenged Latin American and Caribbean leaders to improve healthcare and education, telling a regional summit on Tuesday they have the natural resources to eradicate poverty but may lack the political will. ... Castro took ... and more » |
 InterAksyon |
Cuba challenges neighbors on poverty, is slammed on rights
InterAksyon HAVANA -- Cuban President Raul Castro challenged Latin American leaders to show the politicalwill to improve health care and education then heard from his own critics after Cuban authorities stifled a protest outside the confines of a regional summit ... 'No gringos allowed': Cuba swipes at US in Latin American, Caribbean summitSouth China Morning Post all 419 news articles » |
UPDATE 2-Cuba challenges neighbors on poverty, then faces own critics
Reuters HAVANA Jan 28 (Reuters) - Cuban President Raul Castro challenged Latin American leaders to show the political will to improve health care and education, then heard from his own critics after Cuban authorities stifled a protest outside the confines of a ... and more » |