Monday, December 8, 2014

» New US House Chairman Open to Status Choice 09/12/14 00:51 from Mike Nova's Shared Newslinks

Mike Nova's Shared NewsLinks Review

From The Major News Sources

» New US House Chairman Open to Status Choice
09/12/14 00:51 from Mike Nova's Shared Newslinks
mikenova shared this story from Puerto Rico Report. The next chairman of the U.S. House of Representatives committee with general jurisdiction over the governing of U.S. territories has suggested that he would support legislation providi...
» Senior US Senator: Close Puerto Rico Tax Loophole
09/12/14 00:49 from Mike Nova's Shared Newslinks
mikenova shared this story from Puerto Rico Report. A senior U.S. senator identified closing the tax loopholes that enabled Microsoft to avoid $4.5 billion in Federal income taxes 2009-11 by attributing up to 47% of its sales in the west...
» Culebra Cleanup Remedy On Track to Become Law
09/12/14 00:48 from Mike Nova's Shared Newslinks
mikenova shared this story from Puerto Rico Report. Legislation to require the Department of Defense to decontaminate and remove  military munition debris from the Northwest Peninsula of Culebra is poised to become federal law. Culebra i...
» Territory Worst ‘State’ in Nation Financially: 51 of 51
09/12/14 00:44 from Mike Nova's Shared Newslinks
mikenova shared this story from Puerto Rico Report. Puerto Rico is the worst “state” in the nation fiscally, according to Barron’s, the country’s leading weekly newspaper on financial matters. A cover story entitled, “The Best and Worst ...
» Remembering Herman Badillo
09/12/14 00:43 from Mike Nova's Shared Newslinks
mikenova shared this story from Puerto Rico Report. Herman Badillo, the first U.S. congressman born in Puerto Rico, died this week at the age of 85. Badillo represented New York’s 21st District in the House of Representatives from ...
» A History of US Mass Sterilization in Puerto Rico ... - Silent Crow News
09/12/14 00:42 from Mike Nova's Shared Newslinks
mikenova shared this story from puerto rico politics - Google Blog Search. In 1974, Puerto Rican politicians of every stripe spoke before the United Nations to present the case of genocide on the island. At that time, more than one-third...
» The Puerto Rico Monitor: Puerto Rico News Digest for November 25 ...
09/12/14 00:39 from Mike Nova's Shared Newslinks
mikenova shared this story from puerto rico news - Google Blog Search. From Fox News : Puerto Rico Gov. Alejandro García Padilla said Monday that the death penalty is a "social aberration" and he came out against using capital ...
» Puerto Rico Police Seize $11.5M Worth of Cocaine « KRON4 – San ...
09/12/14 00:39 from Mike Nova's Shared Newslinks
mikenova shared this story from puerto rico news - Google Blog Search. SAN JUAN, Puerto Rico (AP) — Authorities in Puerto Rico say they have seized 500 kilograms (1,102 pounds) of cocaine worth an estimated $11.5 million. Police Superint...
» Op-Ed: Myths and truths on Puerto Rico's current cycle | News is my ...
09/12/14 00:37 from Mike Nova's Shared Newslinks
mikenova shared this story from puerto rico news - Google Blog Search. Puerto Rico's “Great Recession,” as is the case with any complex phenomena, is not without its own myths.
» Guyana government says all flights followed procedures, after ...
09/12/14 00:37 from Mike Nova's Shared Newslinks
mikenova shared this story from puerto rico news - Google Blog Search. GEORGETOWN, Guyana -- In responding to speculation over the government's link to the jet operated by Exec Jet Club LLC that was seized by Puerto Rican officials last ...
» HPV Knowledge Lacking in Puerto Rican Community : Physical ...
09/12/14 00:36 from Mike Nova's Shared Newslinks
mikenova shared this story from puerto rico news - Google Blog Search. ... HPV vaccination in Puerto Rico ," principal investigator María E. Fernández, Ph.D., and associate professor of health promotion and behavioral sciences at th...
» Essilor to Close Lens Plant in Ponce, Puerto Rico
09/12/14 00:36 from Mike Nova's Shared Newslinks
mikenova shared this story from Puerto Rico News. PONCE, Puerto Rico- Essilor has announced that it will discontinue operations at its Ponce, Puerto Rico lens manufacturing facility effective on or about June 30, 2015. The closure will a...
» Undeclared cash lands pilot in jail in Puerto Rico
09/12/14 00:36 from Mike Nova's Shared Newslinks
mikenova shared this story from Puerto Rico News. SAN JUAN, Puerto Rico A pilot who runs an executive jet company that has transported the president of Guyana was arrested after U.S. agents found more than $600,000 in undeclared cash ins...
» Identity trafficker in Puerto Rico sentenced to 81 months in prison
09/12/14 00:35 from Mike Nova's Shared Newslinks
mikenova shared this story from Puerto Rico News. SAN JUAN, Puerto Rico -- A leader of a Puerto Rican identity trafficking organization was sentenced on Wednesday to serve 81 months in prison. Enrique Rogelio Mendez-Solis aka Rogelio Que...
» Puerto Rico governor says deal reached; buses, trains won't be paralyzed - Fox Business
09/12/14 00:33 from Mike Nova's Shared Newslinks
mikenova shared this story from puerto rico - Google News. Puerto Rico governor says deal reached; buses, trains won't be paralyzed Fox Business SAN JUAN, Puerto Rico – Puerto Rico's governor said late Sunday that lawmakers have reached ...
» Puerto Ricans relieved as mass transit runs but oil worries sparked - Reuters
09/12/14 00:33 from Mike Nova's Shared Newslinks
mikenova shared this story from puerto rico - Google News. Reuters Puerto Ricans relieved as mass transit runs but oil worries sparked Reuters Garcia Padilla said on Sunday that the oil tax increase would cost a typical Puerto Rican fami...
» Puerto Rico's House passes bill to increase crude oil tax - Reuters
09/12/14 00:26 from Mike Nova's Shared Newslinks
mikenova shared this story from puerto rico - Google News. Puerto Rico's House passes bill to increase crude oil tax Reuters SAN JUAN, Puerto Rico (Reuters) - Puerto Rico's House of Representatives passed a bill to increase a tax on crud...
» Puerto Rico's House approves bill to raise tax on crude oil - Reuters
09/12/14 00:26 from Mike Nova's Shared Newslinks
mikenova shared this story from puerto rico - Google News. Puerto Rico's House approves bill to raise tax on crude oil Reuters Puerto Rico , struggling with over $70 billion in debt, needs the bond sale to shore up its shaky finances. Th...
» Puerto Rico's Highways Authority debt trades lower after FBI raid - Reuters
09/12/14 00:26 from Mike Nova's Shared Newslinks
mikenova shared this story from puerto rico - Google News. Puerto Rico's Highways Authority debt trades lower after FBI raid Reuters NEW YORK Dec 3 (Reuters) - Bonds of Puerto Rico's Highways and Transportation Authority (HTA) traded low...
» Former Indiana resident sentenced in Puerto Rican ID theft ring - Indianapolis Star
09/12/14 00:25 from Mike Nova's Shared Newslinks
mikenova shared this story from puerto rico - Google News. Indianapolis Star Former Indiana resident sentenced in Puerto Rican ID theft ring Indianapolis Star Enrique Rogelio Mendez-Solis, 40, formerly of Seymour, was sentenced in U.S. D...
» Arrest at Puerto Rico highway authority linked to bribery -US Attorney - Reuters
09/12/14 00:25 from Mike Nova's Shared Newslinks
mikenova shared this story from puerto rico - Google News. Arrest at Puerto Rico highway authority linked to bribery -US Attorney Reuters "A complaint was filed yesterday against Silvino Cepeda-Ortiz, treasurer at the Puerto Rico Highway...
» Puerto Rico Highway Official Accused of Taking Bribes - Bloomberg
09/12/14 00:25 from Mike Nova's Shared Newslinks
mikenova shared this story from puerto rico - Google News. Puerto Rico Highway Official Accused of Taking Bribes Bloomberg The treasurer of Puerto Rico 's highway authority, Silvino Cepeda-Ortiz, was charged with accepting bribes through...
» FBI raids Puerto Rico highways authority, arrests treasurer - Reuters
09/12/14 00:25 from Mike Nova's Shared Newslinks
mikenova shared this story from puerto rico - Google News. La prensa FBI raids Puerto Rico highways authority, arrests treasurer Reuters It also comes as the commonwealth tries to raise up to $2.9 billion to repay $2.2 billion that HTA o...
» Cash-loaded Guyanese pilot granted bail, prohibited from leaving Puerto Rico - Caribbean News Desk
09/12/14 00:24 from Mike Nova's Shared Newslinks
mikenova shared this story from puerto rico - Google News. Cash-loaded Guyanese pilot granted bail, prohibited from leaving Puerto Rico Caribbean News Desk A United States-based Guyanese owner of an executive jet service was Monday grant...
» Puerto Rico's $2.9 Billion Borrowing Measure Moves to Committee - Bloomberg
09/12/14 00:24 from Mike Nova's Shared Newslinks
mikenova shared this story from puerto rico - Google News. Puerto Rico's $2.9 Billion Borrowing Measure Moves to Committee Bloomberg Puerto Rico 's Senate passed a $2.9 billion borrowing plan that will boost the Government Development Ba...
» Puerto Rico's Senate passes oil tax hike needed for $2.9 bln bond - Reuters
09/12/14 00:24 from Mike Nova's Shared Newslinks
mikenova shared this story from puerto rico - Google News. NDTV Puerto Rico's Senate passes oil tax hike needed for $2.9 bln bond Reuters Puerto Rico's Senate approved the bill 14-13 after it squeaked through the House on Tuesday with th...
» 200000 Stray dogs roam Puerto Rico streets - Fox News Latino
09/12/14 00:23 from Mike Nova's Shared Newslinks
mikenova shared this story from puerto rico - Google News. 200000 Stray dogs roam Puerto Rico streets Fox News Latino By Jorge J. Muñiz Ortiz. Animal rights activists, worried about the roughly 200,000 stray dogs living on the streets of...
» Chikungunya has sickened more than 10000 in Puerto Rico - USA TODAY
09/12/14 00:23 from Mike Nova's Shared Newslinks
mikenova shared this story from puerto rico - Google News. USA TODAY Chikungunya has sickened more than 10000 in Puerto Rico USA TODAY The first chikungunya case in Puerto Rico was reported in May. Since then, health officials there have...
» Puerto Rico soldier accused of smuggling cash - Yahoo News
09/12/14 00:23 from Mike Nova's Shared Newslinks
mikenova shared this story from puerto rico - Google News. Puerto Rico soldier accused of smuggling cash Yahoo News Casellas is accused of taking some $6,300 worth of equipment, including laptops and radios, and sending it to Puerto Rico...
» Puerto Rico greets one of world's largest cruises - Yahoo News
09/12/14 00:22 from Mike Nova's Shared Newslinks
mikenova shared this story from puerto rico - Google News. NDTV cleveland.com Puerto Rico greets one of world's largest cruises Yahoo News SAN JUAN, Puerto Rico (AP) — Puerto Rico on Thursday welcomed is welcoming one of the world's larg...
» Illegal Gambling Machines Seized in Puerto Rico - ABC News
09/12/14 00:22 from Mike Nova's Shared Newslinks
mikenova shared this story from puerto rico - Google News. KOLO Illegal Gambling Machines Seized in Puerto Rico ABC News Authorities in Puerto Rico have seized 431 illegal gambling machines in raids on several businesses across the U.S. ...
» More than 10000 people hit by chikungunya virus in Puerto Rico - Fox News Latino
09/12/14 00:22 from Mike Nova's Shared Newslinks
mikenova shared this story from puerto rico - Google News. Fox News Latino More than 10000 people hit by chikungunya virus in Puerto Rico Fox News Latino The Centers for Disease Control and Prevention said Thursday that the mosquito-born...
» Where to Find the Best Roast Pork in Puerto Rico - Wall Street Journal
09/12/14 00:22 from Mike Nova's Shared Newslinks
mikenova shared this story from puerto rico - Google News. Where to Find the Best Roast Pork in Puerto Rico Wall Street Journal JAMES BEARD, the American cooking authority, was not impressed with Puerto Rican cuisine when he was posted o...
» San Juan museum exhibits traditional Puerto Rican musical instruments - Fox News Latino
09/12/14 00:21 from Mike Nova's Shared Newslinks
mikenova shared this story from puerto rico - Google News. San Juan museum exhibits traditional Puerto Rican musical instruments Fox News Latino A new exhibit at the Museum of the Americas in Old San Juan is showcasing traditional musica...
» Identity trafficker in Puerto Rico jailed for 81 months - Jamaica Observer
09/12/14 00:21 from Mike Nova's Shared Newslinks
mikenova shared this story from puerto rico - Google News. Jamaica Observer Identity trafficker in Puerto Rico jailed for 81 months Jamaica Observer WASHINGTON (CMC) – The United States Department of Justice (DOJ) says a leader of a Puer...
» Israel and the Palestinians: the Puerto Rican model - Globes
09/12/14 00:21 from Mike Nova's Shared Newslinks
mikenova shared this story from puerto rico - Google News. Israel and the Palestinians: the Puerto Rican model Globes This proposal might be called the “Caribbean Solution”, since it is inspired by the example of Puerto Rico . In 1898, t...
» Guyanese pilot arrested in Puerto Rico over US$620,000 - Stabroek ...
09/12/14 00:20 from Mike Nova's Shared Newslinks
mikenova shared this story from puerto rico - Google Blog Search. Guyanese pilot Khamraj Lall has been detained in Puerto Rico over cash amounting to US$620000 which was found in the private plane he was in on November 2.
» Agent Edwin O. Roman-Acevedo - Officer Down Memorial Page
09/12/14 00:20 from Mike Nova's Shared Newslinks
mikenova shared this story from puerto rico - Google Blog Search. Agent Edwin O. Roman-Acevedo | San Juan Police Department, Puerto Rico , San Juan Police Department, Puerto Rico ... Puerto Rico ~ November 26, 2014 · Elmore County...
» Puerto Rico Policeman Killed During Holdup - POLICE Magazine
09/12/14 00:20 from Mike Nova's Shared Newslinks
mikenova shared this story from puerto rico - Google Blog Search. An off-duty Puerto Rico police officer has been killed by robbers.
» Puerto Rican Dream Land - Free People Blog
09/12/14 00:19 from Mike Nova's Shared Newslinks
mikenova shared this story from puerto rico - Google Blog Search. For seven days, Puerto Rico became my home. I was new to this part of the world, and I'm so glad I had the opportunity to meet its beauty. To describe this island in a few...
» Herman Badillo — a man who set the standards - New York Post
08/12/14 23:52 from Mike Nova's Shared Newslinks
mikenova shared this story from puerto rican community in usa - Google News. New York Post Herman Badillo — a man who set the standards New York Post Some argued that the public system needed space for underachieving strivers, so open ad...
» The perfect human is Puerto Rican | Bits of DNA
08/12/14 23:51 from Mike Nova's Shared Newslinks
mikenova shared this story from puerto rican community in usa - Google Blog Search. And that is exactly what Puerto Ricans are. In a “women in the diaspora” study, Puerto Rican women born on the island but living in the United States wer...
» FBI arrests treasurer of troubled Puerto Rico transportation agency - Fox Business
08/12/14 23:48 from Mike Nova's Shared Newslinks
mikenova shared this story from PR Economy and Business News Review. FBI arrests treasurer of troubled Puerto Rico transportation agency Fox Business SAN JUAN, Puerto Rico – The FBI has arrested the treasurer of a debt-ridden public agen...
» Puerto Rico's Highway Authority Treasurer Is Arrested on Bribery Charges - New York Times
08/12/14 23:47 from Mike Nova's Shared Newslinks
mikenova shared this story from PR Economy and Business News Review. Puerto Rico's Highway Authority Treasurer Is Arrested on Bribery Charges New York Times The Federal Bureau of Investigation on Wednesday arrested the treasurer of Puert...
» Police In Puerto Rico Investigate Murder Of Military Family ...
08/12/14 23:45 from Mike Nova's Shared Newslinks
mikenova shared this story from PR Economy and Business News Review. SAN JUAN (Reuters) - Police in Puerto Rico are investigating the execution-style murders of a retired U.S. Army officer and three members of his family during a Monday ...
» Puerto Rico's Highway Authority Treasurer Is Arrested on Bribery Charges - New Y...
08/12/14 23:44 from Mike Nova's Shared Newslinks
mikenova shared this story from PR Economy and Business News Review. Puerto Rico's Highway Authority Treasurer Is Arrested on Bribery Charges - New York Times Puerto Rico's Highway Authority Treasurer Is Arrested on Bribery Cha...
» FBI arrests treasurer of Puerto Rico agency - New Zealand HeraldFBI arrests tr...
08/12/14 23:43 from Mike Nova's Shared Newslinks
mikenova shared this story from PR Economy and Business News Review. FBI arrests treasurer of Puerto Rico agency - New Zealand Herald FBI arrests treasurer of Puerto Rico agency New Zealand Herald SAN JUAN, Puerto Rico (AP) " The FB...
» Badillo, first Puerto Rico-born congressman, dies - MiamiHerald.com
08/12/14 23:42 from Mike Nova's Shared Newslinks
mikenova shared this story from political status of puerto rico - Google News. SILive.com Badillo, first Puerto Rico -born congressman, dies MiamiHerald.com Herman Badillo, a Bronx politician who became the first person born in Puerto Ri...
» Herman Badillo, congressman and New York political stalwart, dies at 85 - Washington Post
08/12/14 23:42 from Mike Nova's Shared Newslinks
mikenova shared this story from political status of puerto rico - Google News. La prensa Herman Badillo, congressman and New York political stalwart, dies at 85 Washington Post Herman Badillo, a politician from the Bronx who became the f...
» Herman Badillo dies at 85; first native Puerto Rican in US House - Los Angeles Times
08/12/14 23:42 from Mike Nova's Shared Newslinks
mikenova shared this story from political status of puerto rico - Google News. Los Angeles Times Herman Badillo dies at 85; first native Puerto Rican in US House Los Angeles Times Herman Badillo, a Bronx politician who was the first pers...
» Puerto Rico's Senate passes oil tax hike needed for $2.9 bln bond - Reuters Africa
08/12/14 23:42 from Mike Nova's Shared Newslinks
mikenova shared this story from political status of puerto rico - Google News. Puerto Rico's Senate passes oil tax hike needed for $2.9 bln bond Reuters Africa SAN JUAN, Puerto Rico Dec 3 (Reuters) - Puerto Rico's Senate approved late on...
» Badillo, First Puerto Rico-Born Congressman, Dies - NBC New York
08/12/14 23:41 from Mike Nova's Shared Newslinks
mikenova shared this story from political status of puerto rico - Google News. NBC New York Badillo, First Puerto Rico -Born Congressman, Dies NBC New York Herman Badillo, a Bronx politician who became the first person born in Puerto Ric...
» Herman Badillo, pioneering Bronx politician, dies - Crain's New York Business
08/12/14 23:41 from Mike Nova's Shared Newslinks
mikenova shared this story from political status of puerto rico - Google News. Herman Badillo, pioneering Bronx politician , dies Crain's New York Business (AP) -- Herman Badillo, a politician from the Bronx who became the first person b...
» Herman Badillo, First Puerto Rican Congressman, Dead at 85 - NBCNews.com
08/12/14 23:41 from Mike Nova's Shared Newslinks
mikenova shared this story from political status of puerto rico - Google News. NBCNews.com Herman Badillo, First Puerto Rican Congressman, Dead at 85 NBCNews.com "No Latino leader in the modern history of this city blazed so unrivaled an...
» Herman Badillo's Biggest Contrbution - Huffington Post
08/12/14 23:41 from Mike Nova's Shared Newslinks
mikenova shared this story from political status of puerto rico - Google News. Herman Badillo's Biggest Contrbution Huffington Post He broke the mold of Puerto Rican activism and service by playing the pioneering role on so many importan...
» Bolivar planned to take Puerto Rico to cut supply line to Spain - Fox News Latino
08/12/14 23:40 from Mike Nova's Shared Newslinks
mikenova shared this story from political status of puerto rico - Google News. Bolivar planned to take Puerto Rico to cut supply line to Spain Fox News Latino The author, who is in San Juan to present his book on Bolivar "Todo lleva...
» Puerto Rico's Highway Authority Treasurer Is Arrested on Bribery Charges
08/12/14 23:36 from Mike Nova's Shared Newslinks
mikenova shared this story from NYT > Puerto Rico. Federal investigations into two of Puerto Rico’s largest public corporations come as investors on the mainland U.S. United States have scooped up some of the agencies debt at steep di...
» Coco Chanel, Nazi Spy in Madrid
08/12/14 23:35 from Mike Nova's Shared Newslinks
mikenova shared this story from Latin American Herald Tribune. Documents recently declassified by the French intelligence services make it clear that the famous fashion designer Coco Chanel was a diehard Nazi true believer and a spy invo...
» Picasso Artwork Valued at $85,000 Stolen in Miami
08/12/14 23:35 from Mike Nova's Shared Newslinks
mikenova shared this story from Latin American Herald Tribune. A silver plate designed by Spanish artist Pablo Picasso and valued at $85,000 was stolen during an art exhibition in Miami.
» Russia and Nicaragua sign Naval Basing/Visitation ...
08/12/14 23:33 from Mike Nova's Shared Newslinks
mikenova shared this story from Geopolitical Aspects PR Political Status. The proposed canal would pass through Lake Nicaragua , Central America's largest lake, and will be between 230 meters and 520 meters (755 feet to 1,706 feet) wide ...
» Puerto Rico police find missing girls; arrest 2 - Yahoo News
08/12/14 23:32 from Mike Nova's Shared Newslinks
mikenova shared this story from Geopolitical Aspects PR Political Status. Puerto Rico police find missing girls; arrest 2 Yahoo News SAN JUAN, Puerto Rico (AP) — Puerto Rico police say they have found two young half-sisters who had been ...
» How to respond to assertive Russia Close encounters with Russia - CNN International
08/12/14 23:32 from Mike Nova's Shared Newslinks
mikenova shared this story from Geopolitical Aspects PR Political Status. CNN International How to respond to assertive Russia Close encounters with Russia CNN International (CNN) -- Last week, the news broke that Russian aircraft will c...
» Cine mai crede în „The New York Times“ - Adevărul
08/12/14 23:31 from Mike Nova's Shared Newslinks
mikenova shared this story from Geopolitical Aspects PR Political Status. Adevărul Cine mai crede în „The New York Times“ Adevărul Articolul „ Russian Money Suspected Behind Fracking Protests”, semnat de Andrew Higgins, şi apărut în ediţ...
» Drug-busting Royal Navy warship tackles fourth smuggling ship - Portsmouth News
08/12/14 23:30 from Mike Nova's Shared Newslinks
mikenova shared this story from Geopolitical Aspects PR Political Status. Drug -busting Royal Navy warship tackles fourth smuggling ship Portsmouth News 'This latest haul of drugs , following in the wake of Argyll's aid effort to Bermuda...
» S&P: FBI probe won’t impact Prepa rating
08/12/14 23:20 from Mike Nova's Shared Newslinks
mikenova shared this story from Caribbean Business. S&P: FBI probe won’t impact Prepa rating A federal probe reaching into the Puerto Rico Aqueduct & Sewer Authority wil ... GDB ramps up pressure on oil tax The Government Develop...
» Feds warn of transit shutdown fallout
08/12/14 23:20 from Mike Nova's Shared Newslinks
mikenova shared this story from Caribbean Business. Feds warn of transit shutdown fallout The federal government is warning Puerto Rico officials about the potential fall ... Construction industry pushes HTA bailout, says jobs, economy a...
» Iconic Mexican comedian ‘Chespirito’ dies at 85
08/12/14 23:19 from Mike Nova's Shared Newslinks
mikenova shared this story from Caribbean Business. Iconic Mexican comedian ‘Chespirito’ dies at 85 MEXICO CITY — Roberto Gomez Bolanos, the iconic Mexican comedian who wrote and p ... Issued: November 29, 2014 The federal government is ...
» Monday, December 1st, 2014
08/12/14 23:19 from Mike Nova's Shared Newslinks
mikenova shared this story from Caribbean Business. Monday, December 1st, 2014 Governor says he has votes for HTA bailout, calls off mass transit shutdown Gov. Alejandro García Padilla took to the airwaves Sunday saying he has enough v ....
» Quiet Atlantic hurricane season ends
08/12/14 23:17 from Mike Nova's Shared Newslinks
mikenova shared this story from Caribbean Business. Quiet Atlantic hurricane season ends Issued: December 1, 2014 This year’s relatively quiet Atlantic hurricane season has come to an end. The federal government is warning Puerto Rico of...
» PR gains on global corruption index
08/12/14 23:17 from Mike Nova's Shared Newslinks
mikenova shared this story from Caribbean Business. PR gains on global corruption index Puerto Rico climbed slightly in an annual corruption index released by Transpare ... Issued: December 3, 2014 Aerostar Airport Holdings has tapped Pu...
» US cleanup of Culebra set to become law
08/12/14 23:16 from Mike Nova's Shared Newslinks
mikenova shared this story from Caribbean Business. US cleanup of Culebra set to become law Resident Commissioner Pedro Pierluisi’s bill to require the Department of Defens ... San Juan recognized as one of world’s ‘most resilient’ citie...
» Badillo, first Puerto Rico-born congressman, dies in NYC
08/12/14 23:16 from Mike Nova's Shared Newslinks
mikenova shared this story from Caribbean Business. Badillo, first Puerto Rico-born congressman, dies in NYC NEW YORK — Herman Badillo, a Bronx politician who became the first person born i ... Feds bust HTA treasurer in kickback scheme ...
» Fitch: Tax, utility hikes could prolong PR recession, challenge local
08/12/14 23:15 from Mike Nova's Shared Newslinks
mikenova shared this story from Caribbean Business. Fitch: Tax, utility hikes could prolong PR recession, challenge local banks Fitch Ratings is reiterating its position that tax and utility hikes could prolo ... Hundreds of illegal slot...
» Friday, December 5th, 2014
08/12/14 23:15 from Mike Nova's Shared Newslinks
mikenova shared this story from Caribbean Business. Friday, December 5th, 2014 Mega ship docks in PR after pier revamp Royal Caribbean International’s newest mega cruise ship, Quantum of the Seas, vi ... Mega ship docks in PR after pier ...
» Puerto Rico climbed slightly in an annual corruption index released
08/12/14 23:15 from Mike Nova's Shared Newslinks
mikenova shared this story from Caribbean Business. Puerto Rico climbed slightly in an annual corruption index released by Tran ... Oil tax hike squeaks through Senate; HTA bailout bill goes to conference Puerto Rico’s Senate narrowly pa...
» For US unemployed, job market hits a turning point
08/12/14 23:13 from Mike Nova's Shared Newslinks
mikenova shared this story from Caribbean Business. For US unemployed, job market hits a turning point Issued: December 6, 2014 WASHINGTON — Look past the booming November job gain of 321,000 reported Friday — the best figure in three ye...
» Surge pricing: Uber's $40B valuation. Worth it?
08/12/14 23:13 from Mike Nova's Shared Newslinks
mikenova shared this story from Caribbean Business. Surge pricing: Uber's $40B valuation. Worth it? NEW YORK — Can a company that didn't exist five years ago, an upstart with a ... Legislative changes still needed to pull off $2.95 billi...
» Surge in businesses seeking shield from paying Christmas bonuses
08/12/14 23:12 from Mike Nova's Shared Newslinks
mikenova shared this story from Caribbean Business. Surge in businesses seeking shield from paying Christmas bonuses The number of Puerto Rico businesses seeking waivers from paying mandated Christ ... China stocks jump as disappointing ...
» Oil tax bill heads to conference committee
08/12/14 23:12 from Mike Nova's Shared Newslinks
mikenova shared this story from Caribbean Business. Oil tax bill heads to conference committee Legislation to surge Puerto Rico’s petroleum tax to bailout the Highways & T ... Science proves high heels do have power over men PARIS — ...
» PR identity theft kingpin sentenced
08/12/14 23:11 from Mike Nova's Shared Newslinks
mikenova shared this story from Caribbean Business. PR identity theft kingpin sentenced The leader of a Puerto Rican identity trafficking organization has been sentence ... Issued: December 8, 2014 Florida-based pharmaceutical company Ro...

Wednesday, November 26, 2014

Reuters: Puerto Rico's public transit system will shut down on Monday if lawmakers do not increase a tax on oil | Comunidad de la American rinde tributo al sargento Ortiz

Reuters: World News
Puerto Rico threatened with transit shutdown in political spat
Shared by 1 person
Wed Nov 26, 2014 8:01pm EST

(Reuters) - Puerto Rico's public transit system will shut down on Monday if lawmakers do not increase a tax on oil, the U.S. commonwealth's Government Development Bank said, accusing politicians of taking an "irresponsible" gamble on the island's economy.
The possible shutdown of Puerto Rico's buses and commuter train services, affecting 75,000 commuters, would be a major escalation of the island's debt crisis and would threaten its fragile economy.
It would come as a further blow to residents already facing budget cuts and paying among the highest electricity costs in the United States.
The move is scheduled to come when citizens return from their Thanksgiving break and ramps up the pressure on politicians to resolve their wrangling over the tax hike, which was to back a loan for its highways authority.
"It is irresponsible to continue playing with (Puerto Rico's) economic and fiscal stability," the GDB said in a statement. "The immediate consequences of these actions are already evident: public employees out of work and citizens on foot in the height of the holiday season."
Puerto Rico is struggling with a debt load of more than $70 billion and an economy that has been in or near recession for eight years. The latest data showed economic activity continued to slide last month and is the lowest in 20 years.
Governor Alejandro Garcia Padilla has been unable to convince enough members of his party to back a 68 percent increase to a tax on crude oil, which was expected to be passed last week. He convened a special session of the legislature on Monday, but lawmakers called a recess until Dec. 1.
The governor, whose popularity is sinking in the polls ahead of elections in 2016, appears to be just one vote short despite attempts this week to rally lawmakers. Some of them want to wait to pass the measure with a package of tax reforms expected in early 2015 to lessen the political hit from unpopular tax measures.
Padilla has been losing support after delivering an austerity budget that cut spending by $1.4 billion.
With opposition lawmakers voting against the unpopular tax measure, the bill needs support from 26 of the 28 members of the Popular Democratic Party members in the House. At least three members remain opposed, with a fourth vowing to abstain, according to local news reports.
TRANSIT THREATENED
While the transit links only serve a small proportion of Puerto Rico's 3.6 million population, the closure would be a indictment of the government's ability to run basic services.
The shutdown would immediately affect rail and bus services, but boats could be threatened in the future.
"The Metropolitan Bus Authority will stop Dec. 1 because there is no money to pay salaries on Dec. 15. That's the same situation with the Tren Urbano. The Maritime Transportation Authority has a few more months. We don't have money for payroll," Padilla said at a press conference on Monday. Tren Urbano is a commuter train service.
The island's Highways and Transportation Authority does not have sufficient income or liquidity to meet its payroll obligations for December, the bank said in a statement, adding that meant public transport services will close on Monday.
Puerto Rico has delayed a bond sale of up to $2.9 billion until early 2015 which it had been aiming to complete this year using the proceeds of the oil tax increase. The government planned to increase its tax on crude oil to $15.50 per barrel from $6.25 to raise $178 million a year to back the bonds.
Without proceeds from the bond sale, the island could also lack the liquidity to meet government emergencies in 2015, the GDB said. It has contingency plans to postpone loans for public works and stop disbursement of municipal and government loans, it said.
Ratings agency Moody's Investors Service said the island faces financial trouble next year if it is unable to complete the transaction.
(Reporting by Edward Krudy in New York; Editing by Megan DaviesChris Reese and Lisa Shumaker



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