Tuesday, December 10, 2013

Pierluisi: Private sector investment key to cutting PR’s power Tuesday December 10th, 2013 at 3:53 PM Caribbean Business

Pierluisi: Private sector investment key to cutting PR’s power

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Pierluisi: Private sector investment key to cutting PR’s power costs

Resident Commissioner Pedro Pierluisi is stressing the importance of private sec ...
Americans not willing to spend without deals
Issued: November 25, 2013
NEW YORK — This holiday season, Americans may not spend their green unless they see more red.
Issued: November 24, 2013
PITTSBURGH — Researchers are trying to plant a digital seed for artificial intelligence by letting a massive computer system browse millions ...
UN: Syria peace talks to take place Jan. 22
Issued: November 25, 2013
GENEVA — The United Nations says that talks between Syria's government and opposition are going to take place in Geneva on Jan. 22.
Easing of Iran sanctions could start in December
Issued: November 25, 2013
PARIS — Sanctions against Iran could be eased as soon as December, France's foreign minister said Monday, after a potentially history-sh ...

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PR grabs international SUP spotlight

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PR grabs international SUP spotlight

Puerto Rico is hosting back-to-back international stand-up paddleboard (SUP) com ...

Venezuela expands cyber crackdown

CARACAS, Venezuela — Venezuelans have been scrambling for dollars for weeks, tak ...

UN: Reduction of poverty slowing in Latin America and Caribbean

SANTIAGO, Chile — Poverty in Latin America and the Caribbean’s is now easing at ...
UPR student lands NASA scholarship
A student form the University of Puerto Rico’s Mayaguez campus has won a NA ...
Puerto Rican prizefighter Félix “Tito” Trinidad is poised to take his place ...
Heavy rains spur widespread flooding
Issued: December 5, 2013
Heavy rains have paralyzed traffic and caused heavy flooding across Puerto ...
Issued: December 5, 2013
Venezuela-based Constructora Sambil has cleared a key legal challenge to its plans to develop a large mall in Guaynabo.
Mayagüez recognized as ‘tourism ambassador’
Issued: December 5, 2013
The Latin American Confederation of Tourism Organizations (Cotal by its Spanish acronym) has given its 2013 Tourism Ambassador award to Maya ...
Issued: December 5, 2013
A 74-year-old former Puerto Rico mayor has been placed on house arrest after being found guilty of groping and sexually harassing five munic ...
Crowley Maritime Corp. is expanding its operation in Puerto Rico as it positions the island as its transshipment hub for the Caribbean.
Pierluisi to Congress: Status is root of PR’s economic woes
Resident Commissioner Pedro Pierluisi took to the floor of the U.S. House of Representatives on Wednesday to state his case that fixing Puer ...
Bratton back as NYPD commissioner
Issued: December 5, 2013
NEW YORK — William Bratton, whose tenure as commissioner of the New York Police Department in the 1990s was marked by a steep decline in cri ...
Edward Hopper painting sells for over $40M
Issued: December 5, 2013
NEW YORK — Edward Hopper's "East Wind Over Weehawken" has sold for $40.5 million — an auction record for the artist.
Caesars: Online bets might hurt land-based casinos
Issued: December 5, 2013
ATLANTIC CITY, N.J. — The world's largest casino company is cautioning investors that Internet gambling might hurt rather than help its ...
Eco-friendly construction giant faces attacks
Issued: December 5, 2013
PORTLAND, Ore. — The environmentally friendly construction certification process known as LEED has been around for more than a decade, power ...
Fast-food strikes return amid push for wage hikes
Issued: December 5, 2013
NEW YORK — Fast-food workers and labor organizers are marching, waving signs and chanting in cities across the country Thursday amid a push ...
Report: Arts, culture add $500B to nation’s GDP
Issued: December 5, 2013
WASHINGTON — Creative industries led by Hollywood account for about $504 billion, or at least 3.2 percent of U.S. goods and services, the go ...
Lew calls for tighter global bank oversight
Issued: December 5, 2013
WASHINGTON — Treasury Secretary Jack Lew says the world's biggest economies need to do more to bolster financial rules to avoid a repeat ...
UN asks DR to restore nationality
Issued: December 5, 2013
PORT-AU-PRINCE, Haiti — The United Nations is asking the Dominican Republic to quickly restore the nationality of individuals affected by a ...
Venezuelan embassy in Kenya linked to drugs
Issued: December 5, 2013
NAIROBI, Kenya — A witness testifying in Kenya in the trial of a former diplomat charged in the killing of the acting Venezuelan ambassador ...
US: Russian diplomats cheated health care program
Issued: December 5, 2013
NEW YORK — More than a dozen Russian diplomats and their spouses living in New York City have been charged in a $1.5 million fraud of a gove ...
Jamaica scientist launches medical marijuana venture
Issued: December 5, 2013
KINGSTON, Jamaica — A prominent Jamaican scientist and entrepreneur is launching a company that aims to capitalize on medical marijuana, a g ...

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DNER: Swells affected glowing lagoon

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DNER: Swells affected glowing lagoon

A popular lagoon that glows at night off Puerto Rico’s northeast coast is lighti ...
Legislators in Puerto Rico are debating a polarizing bill that would make i ...
Issued: December 6, 2013
Puerto Rico is hosting back-to-back international stand-up paddleboard (SUP) competitions this weekend as the island continues to strengthen ...
Court case could mean 'death' of software patents
Issued: December 6, 2013
WASHINGTON — The Supreme Court decided Friday to hear an appeal of a lower court decision that a federal judge called the "death" ...
Haiti protest derides Dominican court ruling
Issued: December 6, 2013
PORT-AU-PRINCE, Haiti — Hundreds of protesters gathered Friday to criticize a recent court decision in the Dominican Republic that could str ...

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Saturday, December 7th, 2013

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Saturday, December 7th, 2013
A popular lagoon that glows at night off Puerto Rico's northeast coast has l ...
Romero Barceló: Put ‘equality’ in NPP logo
Former Gov. Carlos Romero Barceló is proposing dropping the word “statehood ...
Issued: December 6, 2013
Puerto Rico Gov. Alejandro García Padilla has declared four days of mourning in the wake of the death of Nelson Mandela, South Africa’s firs ...
Cuba throws wrench in WTO talks over trade embargo
Issued: December 6, 2013
BALI, Indonesia — Cuba and three other Latin American countries refused to sign off on a World Trade Organization agreement early Saturday t ...

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Sunday, December 8th, 2013

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Sunday, December 8th, 2013

Wage hike would have big impact in PR

President Barack Obama’s revival of his proposal to raise the federal minimum wa ...
Beltrán, Yanks agree at $45M, 3 years
Issued: December 7, 2013
NEW YORK — Puerto Rico’s Carlos Beltrán is coming back to New York, this ti ...
Fitch affirms PR banks’ ratings
Issued: December 7, 2013
Fitch Ratings has completed a peer review of four rated Puerto Rican banks ...
Issued: December 7, 2013
More than 80,000 people in Puerto Rico could be left without unemployment checks unless Congress renews a program to extend the benefits in ...
BETHLEHEM, West Bank – The frontman for the Grammy-winning Puerto Rican hip-hop outfit Calle 13 said Thursday that he sees similarities betw ...
Analysis: Dog of year in Congress whimpers to end
Issued: December 7, 2013
WASHINGTON — Barring uncharacteristically swift work by Congress, more than a million victims of the recession will lose long-term unemploym ...
Gene therapy scores big wins against blood cancers
Issued: December 7, 2013
In one of the biggest advances against leukemia and other blood cancers in many years, doctors are reporting unprecedented success by using ...
Economic bright spots not a sure boost for Obama
Issued: December 7, 2013
WASHINGTON — To a struggling White House, the economy that was supposed to be a political millstone is losing some drag.
Senate proposal: open Mexico oil to private firms
Issued: December 7, 2013
MEXICO CITY — A Mexican senate committee on Saturday proposed the most dramatic oil reform in decades that would open the country's bele ...
Dominican Republic rejects human rights report
Issued: December 7, 2013
SANTO DOMINGO, Dominican Republic — The Dominican Republic on Saturday rejected a human rights report that accuses the government of discrim ...
Journalists: Rising hostility to press in Ecuador
Issued: December 7, 2013
QUITO, Ecuador — Investigative journalist Juan Carlos Calderon received multiple death threats after launching something rare in the claustr ...

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Fitch affirms ratings of PR banks

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Fitch affirms ratings of PR banks

Fitch Ratings has completed a peer review of four rated Puerto Rican banks and a ...

Cuba reforms seen as changing ideals

HAVANA — It’s not dog-eat-dog. Not just yet.

Employers step in to curb worker burnout

LONDON — Volkswagen turns off some employees’ email 30 minutes after their shift ...
Issued: December 8, 2013
The leader of Puerto Rico’s biggest bank is pushing back against one of the ...
Issued: December 8, 2013
President Barack Obama’s revival of his proposal to raise the federal minim ...
Issued: December 8, 2013
A popular lagoon that glows at night off Puerto Rico's northeast coast ...
Former Gov. Carlos Romero Barceló is proposing dropping the word “statehood” from the logo of his New Progressive Party.
Legislators in Puerto Rico are debating a polarizing bill that would make it illegal for people to ask for money, sell goods or distribute f ...
Insurance agents feeling left out of "Obamacare"
Issued: December 8, 2013
MIAMI — When insurance agent Kelly Fristoe recently spent 30 minutes helping a client pick a mid-level health plan and the federal marketpla ...
Key West to Cuba flights struggle to take off
Issued: December 8, 2013
KEY WEST, Fla. — One of the first sights greeting passengers at the Key West International Airport is a statue of two families with children ...

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Puerto Rico's justice secretary under fire over alleged ethics violation

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SAN JUAN, Puerto Rico - Puerto Rico's justice secretary is under fire for going to a police station to visit a former law firm partner who had been arrested for alleged drunk driving.

Puerto Rico's justice secretary under fire over alleged ethics violation Tuesday December 10th, 2013 at 3:46 PM Puerto Rico Newswire 1 Share SAN JUAN, Puerto Rico - Puerto Rico's justice secretary is under fire for going to a police station to visit a former law firm partner who had been arrested for alleged drunk driving

Puerto Rico's justice secretary under fire over alleged ethics violation

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SAN JUAN, Puerto Rico - Puerto Rico's justice secretary is under fire for going to a police station to visit a former law firm partner who had been arrested for alleged drunk driving.

Wednesday, December 4, 2013

A la deriva Puerto Rico, dice el Post

2 de diciembre de 2013
Puerto Rico Hoy

 



A la deriva Puerto Rico, dice el Post

Examina en portada la crisis fiscal
 
Por José A. Delgado / jdelgado@elnuevodia.com
El diario toma nota de la emigración de cientos de miles de personas durante la última década, a un ritmo solo comparable a la década de 1950, cuando cerca de 500,000 personas dejaron la Isla. (Archivo/Ramón "Tonito" Zayas)
WASHINGTON - En portada, el periódico The Washington Post retrató ayer la crisis fiscal de Puerto Rico, reviviendo la preocupación que existe de que el estancamiento económico de la Isla pueda provocar la degradación del crédito público y bloquearle al Gobierno, por un período prolongado, acceso a préstamos con bajas tasas de interés.
“Una isla a la deriva, en miseria económica”, tituló el influyente diario su reportaje, que se suma a artículos que se han publicado en Estados Unidos y otros países desde finales de agosto pasado, el momento en que sectores de Wall Street comenzaron a presionar a Washington en busca de medidas que ayuden a levantar la economía y darle mayor seguridad a sus inversiones en bonos del gobierno de Puerto Rico.
En el reportaje de ayer, que incluye una foto en portada de una persona presumiblemente sin hogar, durmiendo frente a una tienda y con una iguana en su cintura, el periódico toma nota del aumento en la migración, que en los últimos 13 años lleva un ritmo solo comparable a la década de 1950, cuando cerca de 500,000 personas dejaron la Isla.
“Eligen la incertidumbre del mercado de trabajo en Orlando o Nueva York o Filadelfia sobre lo que ven como la certeza de que sus sueños serían aplastados por los fuertes problemas económicos de ese territorio estadounidense”, indica.
Desde finales del verano, medios internacionales han puesto el ojo en la crisis fiscal que vive la Isla, la cual ha sido comparada con la de localidades como Detroit (Michigan) o países como Grecia, cuyas deudas públicas se hicieron inmanejables.
Hace tres semanas, en un editorial, The Washington Post –lectura obligada pora los altos funcionarios federales–, advirtió que la crisis económica de Puerto Rico está fundamentada en su estatus político
Pero, consideró que la solución del dilema del estatus debe aguardar por el fin de la crisis fiscal.
El tema del status no se mencionó en el reportaje de ayer.
Pero, sí el temor de inversionistas estadounidenses que tienen en sus carteras bonos municipales de la Isla, que disfrutan de una triple exención tributaria: federal, estatal y municipal.
La deuda pública de Puerto Rico ronda los $70,000 millones. Y la crisis fiscal que vive la Isla, sobre todo a partir de 2006, ha hecho que prácticamente se le haya cerrado al gobierno el acceso a préstamos de bajas tasas de interés.
La alternativa del gobierno de Puerto Rico ha sido recurrir a establecer nuevos impuestos que totalizan $1,300 millones, con la intención de tratar de equilibrar el presupuesto y evitar que el crédito de la Isla, bajo intensa vigilancia de Wall Street, caiga a nivel de chatarra.
El diario destaca, sin embargo, la reforma del sistema de retiro para empleados públicos, al cual considera se le hizo una transformación “mucho más dramática” que la que se ha hecho en algunos estados.
“Puedo asegurar que Puerto Rico no va a incumplir con sus pagos. Puerto Rico va a pagar por nuestras deudas. Es una obligación constitucional. Pero, por mi es también una obligación moral”, indicó el gobernador Alejandro García Padilla, al repetir al Washington Post el mensaje que ha dado durante los últimos meses.
El comisionado residente en Washington, Pedro Pierluisi, quien ha reclamado una mayor intervención federal en la situación fiscal de la Isla, sostuvo que este es un problema que es también de Estados Unidos.
Lo que ha estado fuera de la mesa de discusión – en un reconocimiento de que otros gobiernos estatales o municipales pudieran ponerse en fila – es la posibilidad de un rescate financiero del gobierno federal.
Pero, la Casa Blanca hace unos días anunció que enviará a San Juan un grupo de expertos para buscar un mejor aprovechamiento de los $6,500 millones en fondos federales que recibe anualmente el gobierno de Puerto Rico y trabajar en “proyectos específicos”.