Sunday, February 9, 2014

Recent New York Times articles about Puerto Rico: Economy and Crime Spur New Puerto Rican Exodus | Puerto Rico's Second Cut to Junk Debt | Answer to Puerto Rico's Debt Woes? It's Complicated | Investors Appear to Shrug Off Puerto Rico’s Debt Downgrade | S.&P. Lowers Puerto Rico Debt to Junk Status | $2 Billion Deal in Works for Puerto Rico

Economy and Crime Spur New Puerto Rican Exodus 

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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 

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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 

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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.

Investors Appear to Shrug Off Puerto Rico’s Debt Downgrade 

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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 

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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 

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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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‘Code for America’ fellows to develop gov’t solutions

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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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Moody's reduce a basura deuda de Puerto Rico

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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.

Marc Anthony recibirá el galardón a la excelencia en los premios Lo Nuestro

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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

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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...

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Puerto Rico authorities apprehend 17 Haitian undocumented migrants

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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...

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Dominican Republic hospitality and tourism highly recognised in

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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.

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Old San Juan, Puerto Rico: A Caribbean city rich in charm and culture

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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.

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Puerto Rico governor to introduce balanced budget for fiscal year

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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...

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Puerto Rico credit rating downgraded to 'speculative'

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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...

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This Week Top Story: Puerto Rico weighs options to borrow up to $2 billion. Read... 

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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/pU... 

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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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Saturday, February 8th, 2014
UPR tightening belt in wake of downgrade
The University of Puerto Rico system is tightening its belt after it credit ...
Issued: February 7, 2014
Puerto Rico tourism industry representatives spoke out Friday against proposals to blunt the legislated reform of the teacher pension system ...
Rodriguez accepts season-long suspension
Issued: February 7, 2014
NEW YORK — Alex Rodriguez ended his extended and acrimonious fight with Major League Baseball on Friday, withdrawing a pair of lawsuits and ...
Sen. Wyden gives tax overhaul top priority
Issued: February 7, 2014
Sen. Ron Wyden, the incoming chairman of the Senate Finance Committee, said Friday his first priority in the job will be overhauling the nat ...

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HTA mulls Urban Train cuts, property sales

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HTA mulls Urban Train cuts, property sales
Issued: February 8, 2014
Puerto Rico’s Highways & Transportation Authority is considering dramat ...
Issued: February 8, 2014
SAN GERMAN, Puerto Rico — Maxi Fajardo smiles as she recalls moving to New ...
PR probes church sex abuse allegations
Issued: February 8, 2014
Prosecutors in Puerto Rico are investigating six priests who face sex abuse ...
Evidence continues to mount that Puerto Rico is poised to post a 13-straight monthly contraction in the island economy on a year-over-year b ...
San Juan Mayor Carmen Yulín Cruz is signaling that an expansion of Puerto Rico’s powers in the international arena is needed to improve the ...
Casellas pleads not guilty in federal case
Convicted killer Pablo Casellas pleaded not guilty Friday to federal charges that he lied to investigators about an alleged carjacking that ...
The heroin mill next door: NYC dealers blend in
Issued: February 8, 2014
NEW YORK — In a major drug bust that drew little attention just a week before Philip Seymour Hoffman's death, authorities found a sophis ...
What's for dinner? The farm bill has a big impact
Issued: February 8, 2014
WASHINGTON — Look no further than your dinner plate to understand how the new farm bill affects you.
Iran sending warships close to US borders
Issued: February 8, 2014
TEHRAN, Iran — A senior Iranian naval commander says his country has sent several warships to the Atlantic Ocean, close to U.S. maritime bor ...
Media sometimes try, fail to keep NSA's secrets
Issued: February 8, 2014
LONDON — News organizations publishing leaked National Security Agency documents have inadvertently disclosed the names of at least six inte ...
Spain princess testifies in historic fraud probe
Issued: February 8, 2014
PALMA DE MALLORCA, Spain — Spain's Princess Cristina headed into court Saturday to testify in a historic judicial hearing aimed at helpi ...

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Elections in El Salvador, Costa Rica appear headed for runoffs - Dalje.com

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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 ...

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