Ricardo Rosselló – Google News: Puerto Rico seeks more funds from Congress post-Maria – Daily Journal


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Puerto Rico seeks more funds from Congress post-Maria
Daily Journal
SAN JUAN, Puerto Rico — Puerto Rico’s governor is imploring U.S. Congress to increase federal funding and approve several measures to help the island recover from Hurricane Maria. Ricardo Rossello released a letter Tuesday asking the U.S. to cover all …
Trump wants no more relief funds for Puerto Rico – AxiosAxios
Transformation and Innovation in the Wake of Devastation – Puerto Rico Public-Private Partnerships AuthorityPuerto Rico Public-Private Partnerships Authority

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Ricardo Rosselló – Google News

puerto rico police department – Google News: $4 million worth of cocaine bound for New York seized in Puerto Rico – WOAI


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$4 million worth of cocaine bound for New York seized in Puerto Rico
WOAI
SAN JUAN, Puerto Rico (CBS12) — It will not be a white Christmas in New York. U.S. Customs and Border Protection officers in Puerto Rico seized more than 350 pounds of cocaine bound for the Big Apple. The cocaine is …. Homeland Security Secretary

puerto rico police department – Google News

The Best All-Inclusive Vacations in the Caribbean for Food

“All-inclusive vacations for food?” Seriously?

It’s a proposition that couldn’t have even been raised a few years ago.

But that’s a sign of just how dramatic the changes have been in the all-inclusive sector.

In the place of industrial buffets and trite continental food have come inspired cuisine, chef-driven menus and, most importantly, a focus on what the locals actually eat.

Now, while that certainly isn’t the case at every all-inclusive, there are now dozens of top all-inclusive properties that offer high-quality gastronomy — meaning you don’t have to sacrifice good food for all-inclusive convenience anymore.

Here are our top all-inclusive vacations for food — the places where you don’t just get an all-inclusive vacation — you get great food, too.

Here are the top all-inclusive vacations for food in the Caribbean right now.

all-inclusive vacations caribbean

Marigot Bay Resort, Saint Lucia The all-inclusive option is a rather new one at this luxury Saint Lucia resort — but it’s a revolutionary one, too. They call it “All-Inclucian,” and it doesn’t just include superb local and international cuisine all day long from lunchtime sushi to tapas — it also includes the option of dining out at a pair of local eateries, Masala Bay and Julietta’s. In other words, it’s an authentic, high-quality all-inclusive foodie vacation.

all-inclusive vacations caribbean

Grand Velas Riviera Maya The first true gourmet all-inclusive in the wider Caribbean, this Mexican Caribbean resort has long set the bar for all-inclusive gastronomy. The 539-suite resort has six world-class restaurants (including three all-day options), along with 24-hour room service and five terrific bars. And throughout the year, guest chefs (often wit Michelin stars) make the trek to launch special event menus.

all-inclusive vacations caribbean

The Caves, Jamaica Island Outpost’s Negril classic is all about offering true Jamaican cuisine in an all-inclusive package. There may be just 12 suites, but the culinary offering is broad, from the breakfast gazebo to The Sands (make sure you stay for Wednesday or Saturday jerk nights) to the Blackwell Rum Bar.

all-inclusive vacations caribbean

Zoetry Paraiso de la Bonita, Mexico The unquestioned leader among AMResorts properties, this Mexican Caribbean retreat is a full-fledged bucket-list all-inclusive. And the food lives up to the hype: three restaurants, a sushi and ceviche bar (with two more eateries for “Impression” level guests) and, uniquely, a welcome focus on making accommodations for dietary needs, something we hope becomes a trend at all-inclusive around the region.

all-inclusive vacations caribbean

Sea Breeze Beach House, Barbados This recently-transformed resort has instantly turned into one of the top food-focused all-inclusives in the region, with an impressive program that ranges from on-site rum tastings to four excellent restaurants. The food is just plain good, and it includes a focus on Bajan cuisine that’s hard to beat at any Barbados hotel.

Sandals Royal Barbados This all-suite property, Sandals’ newest resort in the Caribbean, is at the pinnacle of the company’s always-improving food and beverage program, with several unique concepts for the brand: American Tavern and Chi Asian Fusion, with the latter offering a truly pan-Asian experience. Thanks to its perch adjacent to the Sandals Barbados resort, you get access to a whopping 17 restaurants and five bars.

all-inclusive vacations caribbean

Palm Island, Grenadines The best all-inclusive in St Vincent and the Grenadines has long perfected the art of castaway chic — and the food takes things to another level. At both the Royal Palm restaurant and the Sunset Grill, you’ll find locally-focused cuisine, with an emphasis on seafood. Even better? You can arrange private beach dining or even picnic lunches at one of four picnic spots around the private island (above).

all-inclusive vacations caribbean

Galley Bay, Antigua Antigua’s legendary all-inclusive has the culinary chops, led by top chef Andrew “Stan” Baxter. The farm-to-table focus pervades the property, whether you’re having comfort food at the Barefoot Grill or a romantic dinner at the outstanding beachfront eatery, Ismay’s.

all-inclusive vacations caribbean

UNICO 2087 This Riviera Maya adults-only hotel set out to “redefine” all-inclusive when it debuted a few years ago. And that’s exactly what it’s done, reinventing the all-inclusive offering with a focus on authenticity, experiences and local culture. And that’s nowhere more true than in the property’s dining concepts, with a rotating chef program and a superb expression of Mexican and international cuisine.

all-inclusive vacations caribbean

Secrets Maroma Beach Riviera Cancun It’s been the exemplar for all-inclusives in Cancun for years, and this Five-Diamond retreat boasts some seriously good food, with six a la carte eateries, a buffet, a cafe and a grill. And the best part? You never need to make a reservation.

all-inclusive vacations caribbean

Antiguan cinnamon toast with toasted coconut.

Hermitage Bay, Antigua While it’s the gorgeous design that immediately stands out at this boutique all-inclusive in Antigua, the food is just as impressive. Executive Chef Desroy Spence has cultivated a broad array of options with an admirable focus on local sourcing, with the latter buoyed by the resort’s on side organic garden.

all-inclusive vacations caribbean

Sandals Grenada When it debuted in 2014, Sandals Grenada immediately set a new standard for the brand, and that remains the case today, with its Global Gourmet program that includes 10 restaurants and 6 bars, including the steak-focused Butch’s Chophouse and the Caribbean-accented Spices.

all-inclusive vacations caribbean

Excellence Oyster Bay, Jamaica The Excellence just added its newest resort, Excellence Oyster Bay, its first in Jamaica. And the early results are wonderful. The new adults-only hotel has all of the brand’s trademark gastronomic quality, with 24-hour room service and 12 dining concepts that range from Teppanyaki stations to tapas to fresh lobster.

all-inclusive vacations caribbean

The Level at Melia Caribe Tropical, Punta Cana It remains a bit under the radar, but when you splurge for the Level resort-within-a-resort at the Melia Caribe Tropical, it makes a massive difference. Trying this beautifully designed Punta Cana all-inclusive means better service, better spa offerings and, most importantly, much better food — thanks to four dedicated eateries for Club guests: a beachside buffet, a steak house, a gastrobar and a Japanese fusion restaurant called Nikkei.

all-inclusive vacations caribbean

Curtain Bluff, Antigua We’ve long felt of this property as more of a private club than a resort – and we mean that in the best possible way. There’s a gentility, a degree of luxury and a comfort here that transcends the typical resort experience – and that’s exemplified in the elegant culinary experience. And then there’s the wine cellar, if you’re looking to make an extra splurge.

all-inclusive vacations caribbean

Warwick Bahamas The best value all-inclusive in The Bahamas (and one of the best value all-inclusives in the Caribbean, period) has a very good culinary offering, with seven culinary concepts from an Italian eatery to Bahamian signature cuisine. This brightly-designed Paradise Island retreat has become a must-visit stop on any trip to Nassau.

all-inclusive vacations caribbean

Club Med Punta Cana Club Med has been around forever, but there’s a reason for it. The product delivers. And a big part of that is its always-reliable culinary program, one that brings top-level food without abandoning the resort’s local culinary culture. And the brand’s Punta Cana outpost is a particularly good example, emphasizing waterfront dining.

The post The Best All-Inclusive Vacations in the Caribbean for Food appeared first on Caribbean Journal.

The Puerto Rico Times: The Puerto Rico Times: A New Way to Sail Around the BVI

By the Caribbean Journal staff

Sailing around the British Virgin Islands on a charter boat is one of the ultimate Caribbean getaways.

But if you’re a solo traveler, a couple or a small group, it’s not always practical or easy to charter a whole boat.

That’s why Sunsail has launched a new kind of sailing experience: Sail By the Cabin.

The new option gives guests the chance to book a private en-suite double cabin, without having to book the entire yacht.

All Sail By the Cabin getaways, which will include several yachts sailing together, include professional Captains skippering the yachts, along with the support of a lead boat.

The “flotillas” can include as many as 10 yachts.

“This unique vacation option gives guests a more affordable option to experience the best of an expertly- guided Sunsail vacation. It also provides an exciting environment where guests will make new friends and experience some of the world’s most sought-after destinations through this one-of-a-kind adventure,” said Josie Tucci, vice president of sales and marketing at Sunsail. “We encourage vacationers with a desire to see the world differently to come aboard and experience this unique Sunsail vacation.”

— CJ

The post A New Way to Sail Around the BVI appeared first on Caribbean Journal.

The Puerto Rico Times

The Puerto Rico Times

The Puerto Rico Times: A New Way to Sail Around the BVI

By the Caribbean Journal staff

Sailing around the British Virgin Islands on a charter boat is one of the ultimate Caribbean getaways.

But if you’re a solo traveler, a couple or a small group, it’s not always practical or easy to charter a whole boat.

That’s why Sunsail has launched a new kind of sailing experience: Sail By the Cabin.

The new option gives guests the chance to book a private en-suite double cabin, without having to book the entire yacht.

All Sail By the Cabin getaways, which will include several yachts sailing together, include professional Captains skippering the yachts, along with the support of a lead boat.

The “flotillas” can include as many as 10 yachts.

“This unique vacation option gives guests a more affordable option to experience the best of an expertly- guided Sunsail vacation. It also provides an exciting environment where guests will make new friends and experience some of the world’s most sought-after destinations through this one-of-a-kind adventure,” said Josie Tucci, vice president of sales and marketing at Sunsail. “We encourage vacationers with a desire to see the world differently to come aboard and experience this unique Sunsail vacation.”

— CJ

The post A New Way to Sail Around the BVI appeared first on Caribbean Journal.

The Puerto Rico Times

The Puerto Rico Times: The Puerto Rico Times: Caribbean Journal: A New Way to Sail Around the BVI

By the Caribbean Journal staff

Sailing around the British Virgin Islands on a charter boat is one of the ultimate Caribbean getaways.

But if you’re a solo traveler, a couple or a small group, it’s not always practical or easy to charter a whole boat.

That’s why Sunsail has launched a new kind of sailing experience: Sail By the Cabin.

The new option gives guests the chance to book a private en-suite double cabin, without having to book the entire yacht.

All Sail By the Cabin getaways, which will include several yachts sailing together, include professional Captains skippering the yachts, along with the support of a lead boat.

The “flotillas” can include as many as 10 yachts.

“This unique vacation option gives guests a more affordable option to experience the best of an expertly- guided Sunsail vacation. It also provides an exciting environment where guests will make new friends and experience some of the world’s most sought-after destinations through this one-of-a-kind adventure,” said Josie Tucci, vice president of sales and marketing at Sunsail. “We encourage vacationers with a desire to see the world differently to come aboard and experience this unique Sunsail vacation.”

— CJ

The post A New Way to Sail Around the BVI appeared first on Caribbean Journal.

Caribbean Journal

The Puerto Rico Times

The Puerto Rico Times

The Puerto Rico Times: Caribbean Journal: A New Way to Sail Around the BVI

By the Caribbean Journal staff

Sailing around the British Virgin Islands on a charter boat is one of the ultimate Caribbean getaways.

But if you’re a solo traveler, a couple or a small group, it’s not always practical or easy to charter a whole boat.

That’s why Sunsail has launched a new kind of sailing experience: Sail By the Cabin.

The new option gives guests the chance to book a private en-suite double cabin, without having to book the entire yacht.

All Sail By the Cabin getaways, which will include several yachts sailing together, include professional Captains skippering the yachts, along with the support of a lead boat.

The “flotillas” can include as many as 10 yachts.

“This unique vacation option gives guests a more affordable option to experience the best of an expertly- guided Sunsail vacation. It also provides an exciting environment where guests will make new friends and experience some of the world’s most sought-after destinations through this one-of-a-kind adventure,” said Josie Tucci, vice president of sales and marketing at Sunsail. “We encourage vacationers with a desire to see the world differently to come aboard and experience this unique Sunsail vacation.”

— CJ

The post A New Way to Sail Around the BVI appeared first on Caribbean Journal.

Caribbean Journal

The Puerto Rico Times

The Puerto Rico Times: The Puerto Rico Times: Carnival Launches Construction on Newest Cruise Ship

By the Caribbean Journal staff

Carnival Cruise Line has cut the first steel on its newest, largest cruise ship.

The as-yet-unnamed ship, which will be the first-ever operating ship in North America to run on liquefied natural gas, is being built at Meyer Turku in Finland.

The ship is slated for delivery in 2020.

“This new ship promises to be truly special, from its groundbreaking technology and one-of-a-kind features to its distinctive livery and hull design that is both timeless and forward-thinking while paying tribute to our nearly 50-year history of making wonderful vacation memories for our guests,” said Christine Duffy, president of Carnival Cruise Line.

The 5,200-plus lower berth ship will homeport in Port Canavaeral, Fla, with itineraries set to be unveiled in January.

Carnival is already planning to debut another LNG-powered ship in 2022.

The post Carnival Launches Construction on Newest Cruise Ship appeared first on Caribbean Journal.

The Puerto Rico Times

The Puerto Rico Times

The Puerto Rico Times: Carnival Launches Construction on Newest Cruise Ship

By the Caribbean Journal staff

Carnival Cruise Line has cut the first steel on its newest, largest cruise ship.

The as-yet-unnamed ship, which will be the first-ever operating ship in North America to run on liquefied natural gas, is being built at Meyer Turku in Finland.

The ship is slated for delivery in 2020.

“This new ship promises to be truly special, from its groundbreaking technology and one-of-a-kind features to its distinctive livery and hull design that is both timeless and forward-thinking while paying tribute to our nearly 50-year history of making wonderful vacation memories for our guests,” said Christine Duffy, president of Carnival Cruise Line.

The 5,200-plus lower berth ship will homeport in Port Canavaeral, Fla, with itineraries set to be unveiled in January.

Carnival is already planning to debut another LNG-powered ship in 2022.

The post Carnival Launches Construction on Newest Cruise Ship appeared first on Caribbean Journal.

The Puerto Rico Times

‘Culture of Secrecy’ In Post-Hurricane Puerto Rico

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‘Culture of Secrecy’ In Post-Hurricane Puerto Rico – Google Search

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‘Culture of Secrecy’ In Post-Hurricane Puerto Rico – Google Search

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Advocates Fight ‘Culture of Secrecy’ In Post-Hurricane Puerto Rico

WKNO FM3 minutes ago
Mabel Román Padró wishes she hadn’t had to sue Puerto Rico’s government. But because she did, it translated an important report about …
Story image for 'Culture of Secrecy' In Post-Hurricane Puerto Rico from Portada-online.com

Former Honduran Star Amado Guevara Signed to Rebuild Puerto Rico …

Portada-online.comNov 2, 2018
Former Honduran Star Amado Guevara Signed to Rebuild Puerto Rico Team Post-Hurricane Maria … What: Puerto Rican Football Federation has signed former …. has made no secret he is interested in someday coaching the Honduran … task at hand of changing the culture of the island’s soccer program.

19 Books to Take the Food System Back

EcoWatchOct 25, 2018
Farmer and rancher Strickler shares his secrets to efficiently conserve and … kitchens, homes, and their cultures to support one another in the endeavor for an … and his journey around post-HurricaneMaria Puerto Rico with his World Central … In Puerto Rico, Andres served culturally relevant foods such as …
Story image for 'Culture of Secrecy' In Post-Hurricane Puerto Rico from Los Angeles Times

A fun spot in post-hurricane Puerto Rico helps the healing: ‘A little beer …

Los Angeles TimesSep 24, 2018
A middle-aged man sways across the outdoor dance floor, nodding and smiling at friends as he moves to the rhythm of the bachata coming …
Story image for 'Culture of Secrecy' In Post-Hurricane Puerto Rico from Wall Street Journal

US at Odds With Puerto Rico on Post-Hurricane Miscues

Wall Street JournalMay 9, 2018
U.S. officials disputed a top aide to Puerto Rico Gov. Ricardo Rosselló in testimony Tuesday over who was to blame for mistakes that delayed …
Story image for 'Culture of Secrecy' In Post-Hurricane Puerto Rico from The Conversation UK

Puerto Rico hurricane death toll: how the official and unofficial figures …

The Conversation UKJun 11, 2018
Home · Arts + Culture · Economy + Business · Education · Environment + … A Puerto Rican judge has ordered the government to release detailed … researchers from George Washington University to investigate all post-hurricane deaths. … This authoritarian secrecy temporarily deprived us of data and bred …
Story image for 'Culture of Secrecy' In Post-Hurricane Puerto Rico from Voice of America

Study: Post-Maria Contracts Go to Mainland, Not Puerto Rico

Voice of AmericaSep 26, 2018
A study has found that the bulk of federal funds slated for post-hurricane reconstruction efforts in Puerto Rico are going to mainland companies, …
Story image for 'Culture of Secrecy' In Post-Hurricane Puerto Rico from My Modern Met

Powerful Photos of Ballet Dancers in Puerto Rico 5 Months After …

My Modern MetMar 20, 2018
A little over a year ago, Omar Z. Robles went to Puerto Rico, where he paid … 200,000 Puerto Ricanshave left the island post-Hurricane Maria, …
Story image for 'Culture of Secrecy' In Post-Hurricane Puerto Rico from ABC News

Harmful bacteria thrived in post-Hurricane Harvey floodwaters

Science DailyAug 8, 2018
Hurricane Aftermath Tests Cancer Centers in Puerto Rico, Florida, and Houston. Bryant Furlow, Cancer Therapy Advisor. Powered by.
Story image for 'Culture of Secrecy' In Post-Hurricane Puerto Rico from Yahoo Lifestyle

Puerto Rican women are embracing their natural hair more than ever …

Yahoo LifestyleJun 6, 2018
“Maybe only about 10 percent of women in Puerto Rico wear their hair … In Latino culture, wearing your hair in its natural state has a stigma, …
Story image for 'Culture of Secrecy' In Post-Hurricane Puerto Rico from Vox

Puerto Rico’s push for statehood, explained

VoxJan 11, 2018
He urged Trump to allow Puerto Rico to become the 51st US state. … Now, Rosselló and his allies are hoping that the post-hurricane media …
Story image for 'Culture of Secrecy' In Post-Hurricane Puerto Rico from The Conversation UK

Bitcoin rich kids in Puerto Rico: crypto utopia or crypto-colonialism

The Conversation UKFeb 14, 2018
Cryptocurrency entrepreneurs have moved to Puerto Rico to build a crypto … And it used the original meaning of the word “crypto” – concealed, hidden or secret. … at the point of a gun, but covert through the subversion of norms and cultures. … Resources and infrastructure, post-Hurricane Maria, are too …
Story image for 'Culture of Secrecy' In Post-Hurricane Puerto Rico from CNET

Airbnb wants you to visit Puerto Rico

CNETMay 9, 2018
… partners with the island, saying it wants to help post-hurricane reconstruction efforts. … Tourists can now use Airbnb to book experiences in Puerto Rico where they can see the sights and also learn about the local culture. … “It’s no secret that we’ve been hit hard by the hurricane,” Puerto Rico’s governor, …
Story image for 'Culture of Secrecy' In Post-Hurricane Puerto Rico from TeenVogue.com

Why You Should Go to Puerto Rico for Spring Break

TeenVogue.comFeb 28, 2018
But is Puerto Rico able to handle Spring Break tourists post Hurricane Irma and Maria, which devastated the island just six-months ago?
Story image for 'Culture of Secrecy' In Post-Hurricane Puerto Rico from Paste Magazine

America Failed Puerto Rico

Paste MagazineJun 1, 2018
Five thousand seven hundred and forty people in Puerto Rico are dead. … The dirty secret of America is that Hitler loved this country when he wrote Mein Kampf. … our central connection to politics these days is through symbolic culture … a Post-Hurricane Maria Puerto Rico By Ellen Johnson May 21, 2018 …
Story image for 'Culture of Secrecy' In Post-Hurricane Puerto Rico from Bloomberg

Puerto Rico Morgue Moved Cadavers at 4 AM Amid Rising Scrutiny

BloombergJul 21, 2018
Workers from Puerto Rico‘s beleaguered forensic sciences department moved two corpses from stop-gap refrigerator trailers in the early hours …
Story image for 'Culture of Secrecy' In Post-Hurricane Puerto Rico from Wall Street Journal

Puerto Rico Power Utility Reaches Deal With Bondholders

Wall Street JournalJul 30, 2018
Investors in Puerto Rico’s bankrupt electricity monopoly have struck a debt-restructuring deal, inching the largest public U.S. power utility closer …
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Failing dam deepens the post-hurricane crisis in powerless Puerto Rico

Los Angeles TimesSep 23, 2017
The evacuation of tens of thousands of residents who live near a failing dam in northwest Puerto Ricocontinued Saturday, as fears of more …
Story image for 'Culture of Secrecy' In Post-Hurricane Puerto Rico from The Intercept

Puerto Rico Wants to Cut the Cost of Incarcerating People by Shipping …

The InterceptMar 23, 2018
Since Hurricane Maria slammed into Puerto Rico six months ago, dealing a new blow to an island already crippled by devastating austerity …
Story image for 'Culture of Secrecy' In Post-Hurricane Puerto Rico from Voice of America

Puerto Rico: Treasury Cuts $4.7B Disaster Relief Loan to $2B

Voice of AmericaFeb 27, 2018
Puerto Rico’s governor said Tuesday that the U.S. Treasury Department has cut a $4.7 billion disaster relief loan available to the U.S. territory …
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Advocates Fight ‘Culture of Secrecy’ In Post-Hurricane Puerto Rico : NPR

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The capital building in San Juan, Puerto Rico. Alex Wroblewski/Getty Images hide caption

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Alex Wroblewski/Getty Images

The capital building in San Juan, Puerto Rico.

Alex Wroblewski/Getty Images

Mabel Román Padró wishes she hadn’t had to sue Puerto Rico’s government.
But because she did, it translated an important report about Hurricane Maria into Spanish so she and most of the island’s residents could read it.
“Access to information has always been hard here,” Román said.
It was a more than 400-page report that the governor, Ricardo Rosselló, planned to send to Congress outlining his vision for the island’s reconstruction and his need for $140 billion to see it through. Before delivering it in August, the government published a draft for public review – but only in English.
“It’s not right,” said Román, a community leader in the working-class neighborhood of Cantera, on the outskirts of San Juan. Close to 80 percent of people in Puerto Rico aren’t fluent in English. “The government is limiting our access to this information and impeding our ability to participate in the recovery.”
Government Lawyer Says Puerto Rico's Hurricane Response Plan 'Does Not Exist'
For Román, it was an important victory, because she is part of a budding movement in Puerto Rico that’s been pushing the island’s government to be more transparent.
It’s a movement that’s taken on greater urgency in the aftermath of Hurricane Maria as Puerto Rico’s journalists, academics and activists continue trying to assess what went wrong in the government’s response at the same time that they prepare to monitor the tens of billions in federal recovery grants expected to flow to the island in the years ahead.

After Mabel Román Padró sued the Puerto Rican government, it agreed to translate an important report about Hurricane Maria recovery from English to Spanish so she and most of the island’s residents could read it. Adrian Florido/NPR hide caption

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Adrian Florido/NPR

After Mabel Román Padró sued the Puerto Rican government, it agreed to translate an important report about Hurricane Maria recovery from English to Spanish so she and most of the island’s residents could read it.

Adrian Florido/NPR

Román filed her lawsuit with the help of a nonprofit she worked with. Lawyers for the office overseeing Puerto Rico’s recovery effort said they were under no obligation to translate the report because it was intended for the U.S. Congress. But, before a judge, they agreed to translate it.
Advocates fear the government’s spotty record on transparency may portend poorly for their efforts to track where the billions headed for the island end up. It’s a fear rooted in their never-ending struggle to gain access to government records and in the lessons of Puerto Rico’s recent history.
“We tell people it was the lack of transparency that left you in the dark,” said Cecille Blondet, executive director of the nonprofit Espacios Abiertos – or Open Spaces — which filed the lawsuit on Mabel Román’s behalf. She was referring to the decades of poor, often secretive management of the island’s public spending that left the power grid – and much of the government – mostly helpless in the face of Hurricane Maria’s crippling winds.
“We had been left in the dark for many years, regarding many things. And after the hurricane, that metaphor became a reality because we were actually in the dark for many, many months,” Blondet said. “And it seems like we’re going to continue to be left in the dark on many things.”
Cecille Blondet
For months after the hurricane, Puerto Rico’s government refused to turn over data on who died after the storm until ordered to by a judge. Last month, investigative journalists sued to force the release of the updated hurricane response plan that officials falsely claimed to have completed. And Blondet’s organization is currently in court fighting for a list of companies that have received lucrative government tax credits.
Carla Minet, who directs Puerto Rico’s Center for Investigative Journalism, said these lawsuits for public information and the roughly dozen others her center has filed expose a disconnect between the government’s narrative about transparency and its practice.
“The government says all the time that they have a policy of transparency, but it’s not real in terms of how officials act every day,” Minet said. “There’s a generalized culture of secrecy from government officials. Every time you ask for a document, there is an automatic response of, ‘you can’t have access to that.'”
It’s a frustration directed not only at Puerto Rico’s central government. The federally-appointed oversight board controlling the island’s finances has also faced public pressure, as has the Federal Emergency Management Agency, which is still working on the island.
But as Puerto Rico prepares to receive an avalanche of federal disaster recovery grants that the governor and members of his cabinet will have much more control over, transparency advocates are focusing in.
Gov. Ricardo Rosselló has repeatedly pledged to have “the most transparent disaster recovery process in U.S. history.” But those trying to keep an eye on how the government spends the billions that will soon arrive are already getting indications that transparency may not, in fact, be a top priority.
NPR made multiple requests to interview Puerto Rico’s governor, Ricardo Rosselló, and Omar Marrero, the official in charge of the governor’s office for recovery and reconstruction. The interview requests were not granted.
Deepak Lamba-Nieves, research director at the Center for a New Economy, a San Juan think tank, said there are large gaps in the online database where the government is supposed to publish its contracts.
While most contracts are listed by name, fewer are published in full. Subcontracts – which often account for large shares of the money in an original contract — are almost never published. The contracts section on a new website that the government has touted as a transparency portal simply redirects to the same database.
Last month, Omar Marrero, the official overseeing Puerto Rico’s hurricane recovery efforts, shook his head no when asked by a reporter whether his office would take the initiative to ensure that all contracts and subcontracts related to the recovery are published.
“We’re going to comply with applicable law,” he said, and suggested that journalists who wanted more of those documents published should ask the legislature to pass a law requiring the government’s comptroller’s office to do so.
Without access to those contracts and subcontracts, Lamba-Nieves said, it will be difficult to answer important questions: Are federal grants actually funding the island’s most pressing needs? Are contracts ending up in the hands of firms with close ties to politicians in power? Is the funding stimulating Puerto Rico’s economy, as officials have claimed it will, or are most contracts going to U.S. firms that will take their profits back to the mainland?
“We know that recoveries are fickle in nature, but also highly political exercises,” Lamba-Nieves said. “So we need to keep a close watch on what’s going on so that we can protect the future of Puerto Rico with regard to the recovery but also project an image of transparency and credibility.”
That last point is especially important, he said, because of a harsh political reality. Some in Washington — including President Donald Trump — don’t trust that Puerto Rico’s government will manage the recovery funds appropriately.
“There’s a huge concern … that the government of Puerto Rico is going to squander these funds,” Lamba-Nieves said. “I think this is totally unfair. I mean, it’s borderline discriminatory.”
But he said that perception could nonetheless endanger future federal funding for the Puerto Rico’s recovery. The best way for the island’s government to battle that perception, he believes, is with more transparency.
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Reading homicide suspect arrested in Puerto Rico – Google Search

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Reading homicide suspect arrested in Puerto Rico

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Puerto Rico Oversight Board projecting huge long-term surplus – 6:00 AM 11/20/2018 – Puerto Rico Business Review

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4:56 AM 11/20/2018 – Route traced in the renegotiation of debt | Opinion Ruta trazada en la renegociación de la deuda
Ruta trazada en la renegociación de la deuda
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Puerto Rico Oversight Board projecting huge long-term surplus

Michael_Novakhov shared this story from Pasquines.

According to the latest report by the Financial Oversight and Management Board for Puerto Rico, the long-term 40 year surplus is projected to ring in at $20 billion-far higher than their forecast on June 29, where they predicted a surplus of $4 billion. This projection is a result of a new plan expecting increased revenue due to cut costs, an influx of disaster aid, consolidated agencies, healthcare reform, and an increased tax revenue.
Negotiations are still going on before certifying the new fiscal plan, as the board recently submitted a letter to Governor Ricardo Rosselló on September 19, calling for more spending cuts.
This projection bodes well for creditors, hoping to see if some of the surplus money will be returned to bondholders. Coupled with the deals the territory has made with some of its creditors, the price of Puerto Rico’s general-obligation bonds have doubled this year, as the economic outlook of the territory begins to improve.
The territory is proceeding with caution before certifying the new plan, however, as last time it certified a fiscal plan, there was an error with a cost of $4 billion.
Even with the positive outlook for the new projection, the report emphasizes that “Puerto Rico cannot afford to meet all its contractual debt obligations” and deeply requires a “ restructuring of its debt.” Moreover, the territory’s report claims that much of its economic woes and debt could be alleviated in a political manner, stating that “the most important and critical structural reform for Puerto Rico is a permanent solution to its territorial status. The solution to these inequalities is statehood for Puerto Rico.” This would then “stop outmigration, increase the on-island workforce, and grow Puerto Rico’s economy,” perhaps driving the 40 year surplus of the territory even higher if actualized.
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Economists including Stiglitz recommend up to 73% Puerto Rico debt …

MarketWatch13 hours ago
Nobel Prize winning economist Joseph Stiglitz says Puerto Rico’s current debt … Puerto Rico would be forced to create primary fiscal surpluses between 3.5% … the fiscal plan is projected to generate” may encourage more Puerto Ricans to …
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The COFINA Agreement, Part 1: The First 40 Year Plan

Eyes on the Ties13 hours ago
The agreement came through the Puerto Rico legislature’s recent approval of House … “In case the available revenues including surplus for any fiscal year are … to Florida, will continue in the coming years, according to the same projections.
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Puerto Rico Oversight Board projecting huge long-term surplus

Pasquines15 hours ago
According to the latest report by the Financial Oversight and Management Board for Puerto Rico, the long-term 40 year surplus is projected to ring in at $20 …
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Trump’s tweet on Puerto Rico has not sidetracked its bankruptcy …

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New Puerto Rico fiscal plan OK’d; governor says too…

InfosurhoyOct 25, 2018
SAN JUAN, Puerto Rico – A federal control board that oversees Puerto Rico’s … surpluses or deficits, but that they will help stimulate the island’s economy. … be submitting proposals to revise the plan, saying the projections it contains are too …
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Puerto Rico’s fiscal plan raises cautious optimism

Bond BuyerOct 25, 2018
The Puerto Rico Oversight Board’s latest fiscal plan left bond investors and some … While Tuesday’s plan projects a $6.33 billion government surplus would be … the June 29-approved plan projected an $8.8 billion deficit under the same …
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Governor Baker Signs Supplemental Budget Bill, Investing New …

framinghamsource.comOct 24, 2018
… a supplemental budget that invests the surplus funds from Fiscal Year 2018 in a … along with interest and other expected transfers, would bring the projected … in transitional housing assistance for hurricane evacuees from Puerto Rico …
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Puerto Rico Oversight Board throws some cold water on bondholders …

Bond BuyerOct 23, 2018
In the long term, the board approved a fiscal plan that projected that any central Puerto Rico government annual surplus available for paying debt will disappear …
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Puerto Rico’s Governor Tweets at Trump: ‘I Agree With You’

BloombergQuintOct 23, 2018
(Bloomberg) — Donald Trump took to Twitter Tuesday to attack Puerto Rican … Its latest plan projectedsurprising budget surpluses, in part because of the …
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Trump Attacks ‘Inept’ Puerto Rico Leaders Over Disaster Aid

Wall Street JournalOct 23, 2018
President Trump attacked Puerto Rico’s “inept politicians,” accusing them of trying to … from last year’s hurricanes—a 32% increase over a prior disaster-aid projection. … surplus available for creditors through 2023, contingent on Puerto Rico …
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While reiterating Puerto Rico gov’t lacks will for reforms, fiscal board …

Caribbean BusinessOct 23, 2018
SAN JUAN – Puerto Rico’s Financial Oversight and Management Board … a cumulative $30 billion surplusuntil 2033, after which it will it will run deficits mostly in … government revenue has outpaced projections and privatization plans for the …
4:56 AM 11/20/2018 – Route traced in the renegotiation of debt | Opinion Ruta trazada en la renegociación de la deuda

Michael_Novakhov shared this story from The Puerto Rico Times.

Route traced in the renegotiation of debt | Opinion

Ruta trazada en la renegociación de la deuda
El acuerdo que se concreta entre la Junta Federal de Control Fiscal, el gobierno y grupos de acreedores para llevar a feliz término la renegociación de la deuda de la Corporación del Fondo de Interés Apremiante (Cofina) es un paso…

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Route traced in the renegotiation of debt | Opinion
The agreement that takes shape between the Federal Fiscal Control Board, the government and groups of creditors to successfully complete the renegotiation of the debt of the Fund of Interest-prone (Cofina) is a step in the right direction because it makes sense of urgency to the task of removing from the road to the fiscal consolidation and the economic development of Puerto Rico.
This agreement has been reached as a result of working shoulder to shoulder, fundamentally between the fiscal board and the Rossello administration.
The credit collapse gestated in the fiscal failures, and that began to worsen after the closure of government and the crisis of governance in 2006, has passed as a country to bitter bill, with an economic depression that adds up to 12 years and a public debt which – with all its aspects, derivatives and multiplier effect – exceeds $ 130,000 million.

It can not be an option to shuffle with the issues of debt and, much less, that disagreements and petty wars between sectors delay or hinder the necessary renegotiation. Hence the importance of the endorsement that both the Chamber and the Senate have given to the administration project for the consensual attention of Cofina’s debt.
Ni el proceso legislativo fue inclusivo ni la medida endosada es perfecta. Pero la realidad es que es extremadamente necesario poner en práctica los mecanismos que sean viables, que hagan posible el destranque en un asunto nuestro tan neurálgico a dos años de creada la ley Promesa.
Este proyecto de administración y su aprobación legislativa son un buen ejemplo de lo que se puede lograr cuando la unidad de propósito aflora.
La deuda de Cofina, entidad creada en 2006 para emitir obligaciones, se eleva a los $17,600 millones y en mayo de 2017 fue puesta bajo el Título III de la ley Promesa.
A un año y tres meses desde su entrada al Título III, trascendió que había un acuerdo entre una parte de los acreedores, el gobierno y la junta fiscal para reestructurar la deuda fuera del proceso de quiebra. En principio eso incluyó a bonistas senior y junior, así como a aseguradoras de deuda.
Luego de intensas negociaciones, se logró que se sumara la cantidad requerida de acreedores en el acuerdo para hacerlo viable, lo cual pasó a la certificación de la jueza de distrito federal Laura Taylor Swain, quien preside todo el proceso de quiebra del gobierno de Puerto Rico.
El acuerdo provee para una reducción del 32% de la deuda. Con esto, se deberán alcanzar ahorros en torno a unos $17,500 millones correspondientes al servicio de las obligaciones.
De igual forma, el arreglo contempla una redistribución de la división de los recaudos producto del Impuesto sobre Ventas y Usos (IVU), lo cual le deja más dinero al Fondo General, con un promedio de $425 millones anuales durante unos 40 años.
Falta mucho por recorrer, es cierto. Pero es de esperarse que este importante acuerdo sobre Cofina se convierta —con determinación— en la llave que abra la puerta ancha para conducir al éxito la reestructuración de los demás segmentos de deuda pública del País. Es de esperarse que el acuerdo sea ratificado en el futuro cercano por la jueza Swain.
It should also be ensured that after this exercise the future negotiations will take place in better terms for the Island, and that we will be able to take off the straitjacket that holds back economic development and that also slows down the return to bonds markets under fair and beneficial to the people of Puerto Rico.
Ruta trazada en la renegociación de la deuda
El acuerdo que se concreta entre la Junta Federal de Control Fiscal, el gobierno y grupos de acreedores para llevar a feliz término la renegociación de la deuda de la Corporación del Fondo de Interés Apremiante (Cofina) es un paso…
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Ruta trazada en la renegociación de la deuda

Michael_Novakhov shared this story from www.elvocero.com – RSS Results in opinion of type article.

El acuerdo que se concreta entre la Junta Federal de Control Fiscal, el gobierno y grupos de acreedores para llevar a feliz término la renegociación de la deuda de la Corporación del Fondo de Interés Apremiante (Cofina) es un paso…
Route traced in the renegotiation of debt | Opinion

Michael_Novakhov shared this story from www.elvocero.com – RSS Results in opinion of type article.

The agreement that takes shape between the Federal Fiscal Control Board, the government and groups of creditors to successfully complete the renegotiation of the debt of the Fund of Interest-prone (Cofina) is a step in the right direction because it makes sense of urgency to the task of removing from the road to the fiscal consolidation and the economic development of Puerto Rico.
This agreement has been reached as a result of working shoulder to shoulder, fundamentally between the fiscal board and the Rossello administration.
The credit collapse gestated in the fiscal failures, and that began to worsen after the closure of government and the crisis of governance in 2006, has passed as a country to bitter bill, with an economic depression that adds up to 12 years and a public debt which – with all its aspects, derivatives and multiplier effect – exceeds $ 130,000 million.
It can not be an option to shuffle with the issues of debt and, much less, that disagreements and petty wars between sectors delay or hinder the necessary renegotiation. Hence the importance of the endorsement that both the Chamber and the Senate have given to the administration project for the consensual attention of Cofina’s debt.
Ni el proceso legislativo fue inclusivo ni la medida endosada es perfecta. Pero la realidad es que es extremadamente necesario poner en práctica los mecanismos que sean viables, que hagan posible el destranque en un asunto nuestro tan neurálgico a dos años de creada la ley Promesa.
Este proyecto de administración y su aprobación legislativa son un buen ejemplo de lo que se puede lograr cuando la unidad de propósito aflora.
La deuda de Cofina, entidad creada en 2006 para emitir obligaciones, se eleva a los $17,600 millones y en mayo de 2017 fue puesta bajo el Título III de la ley Promesa.
A un año y tres meses desde su entrada al Título III, trascendió que había un acuerdo entre una parte de los acreedores, el gobierno y la junta fiscal para reestructurar la deuda fuera del proceso de quiebra. En principio eso incluyó a bonistas senior y junior, así como a aseguradoras de deuda.
Luego de intensas negociaciones, se logró que se sumara la cantidad requerida de acreedores en el acuerdo para hacerlo viable, lo cual pasó a la certificación de la jueza de distrito federal Laura Taylor Swain, quien preside todo el proceso de quiebra del gobierno de Puerto Rico.
El acuerdo provee para una reducción del 32% de la deuda. Con esto, se deberán alcanzar ahorros en torno a unos $17,500 millones correspondientes al servicio de las obligaciones.
De igual forma, el arreglo contempla una redistribución de la división de los recaudos producto del Impuesto sobre Ventas y Usos (IVU), lo cual le deja más dinero al Fondo General, con un promedio de $425 millones anuales durante unos 40 años.
Falta mucho por recorrer, es cierto. Pero es de esperarse que este importante acuerdo sobre Cofina se convierta —con determinación— en la llave que abra la puerta ancha para conducir al éxito la reestructuración de los demás segmentos de deuda pública del País. Es de esperarse que el acuerdo sea ratificado en el futuro cercano por la jueza Swain.
It should also be ensured that after this exercise the future negotiations will take place in better terms for the Island, and that we will be able to take off the straitjacket that holds back economic development and that also slows down the return to bonds markets under fair and beneficial to the people of Puerto Rico.
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Puerto Rico’s $300-an-Hour Demographer Catches Heat From Bondholders

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Some of the most contentious numbers in Puerto Rico’s bankruptcy are population projections: How many taxpayers will be living on the island 10, 20, or 50 years from now? Any attempt to gauge the commonwealth’s fiscal prospects—and hence its ability to pay bondholders—depends in great measure on the reliability of those figures. Yet the consultant hired to calculate them has no demography degree, speaks little Spanish, and lives in Hong Kong.
Lyman Stone, 27, whose last full-time job was as an economist at the U.S. Agriculture Department, has interests that range from fertility in the Northern Mariana Islands to gentrification in Cincinnati. These are among the topics he’s addressed in a self-published blog titled “In a State of Migration.” Last year, the federal panel tasked with turning around the island’s finances took a chance on the outsider, who had been disseminating—for free—the internet’s best-read Puerto Rico population projections.
Stone bills $300 an hour to forecast one of the hardest-to-estimate variables in the $74 billion restructuring—one with implications for tax collections and ultimately the value of Puerto Rico’s debt. Some bondholders say he lacks the right qualifications and that his projections are too dire and will cost them money. Others say he’s a savant who has mastered the statistical study of populations in his spare time.
“If they can’t find an actual error in the work, then I’m not sure what the criticism is,” says Stone, who quit his U.S. government job in June and moved to China to do missionary work for the Lutheran Church. “My professional motto is Molon labe, a classical expression of defiance attributed to King Leonidas of Sparta that means ‘Come and take it.’ ” (Stone’s father is an Old Testament and ancient languages scholar.)
Natalie Jaresko, the executive director of the Financial Oversight & Management Board for Puerto Rico, says the panel is pleased with Stone’s work. “We listened to a wide variety of voices, including academic voices,” she says. “We liked the way he was measuring, what he used in terms of his analysis, the data he was willing to look at and collect.”
A line for a flight at Luis Muñoz Marín International Airport in San Juan, Puerto Rico, on Sept. 26, 2017.
Photographer: Joe Raedle/Getty Images
Puerto Rico’s population had been shrinking for years, a side effect of the economy’s long and painful decline, and Hurricane Maria accelerated the trend. Stone estimates that the number of residents fell by about 5.1 percent, to 3.17 million, in the fiscal year that ended in June, and projects it will dwindle to about 2 million by 2050.
With fewer people, Puerto Rico has diminished ability to reap tax revenue and fund debt payments. The island and its creditors reached an initial agreement on a deal involving securities known as Cofinas, which would have some bondholders taking haircuts amounting to close to half their investments. But billions more remain to be negotiated. Investors prefer a generous population estimate that could boost bond values in a settlement. By the same logic, the island’s elected government would want to tamp down expectations. The board is on the commonwealth’s payroll but operates autonomously, and its projections and policy prescriptions have managed at various times to irk Governor Ricardo Rosselló and bondholders alike.
Charles Doraine, president and chief executive officer of Doraine Wealth Management Group in Corpus Christi, Texas, believes the board is trying to paint the situation worse than it is. “Anyone who wants to make it look as bad as possible is who they’re going to hire,” says Doraine, whose firm oversees investments in sales tax-backed Puerto Rico securities. “The worse it looks, the better it is for Puerto Rico’s perspective.”
Robin Deshayes, a bondholder with Santa Barbara, Calif.-based Miltonian Capital Management, questions Stone’s credentials. “I don’t think that Mr. Stone’s background as an agricultural economist (specializing in cotton) for the USDA qualifies him as a demographics expert for Puerto Rico,” she wrote in an email.
Stone says he took classes on migration while earning his master’s in international trade and investment policy at George Washington University. He also taught himself how to mine mobile-phone location, Google search, and school enrollment data, among other things, for information on population flows.
The self-described conservative tweets prolifically. He’s used the platform to spar with opinion journalists and argue that abortion opponents who can’t stomach Trump should abstain from voting. He also writes for Vox and the Federalist, a conservative news site where he has weighed in on birthright citizenship, which he supports, and Iowa Representative Steve King, a Republican whom he says is a bad public servant but not a Nazi. (Bloomberg News has consulted Stone on Puerto Rico, Venezuela, and state-to-state migration.)
While there’s little data with which to judge the accuracy of his long-term Puerto Rico projections, Stone’s time as the board’s demographer coincided with a data input error in June that produced an overly negative estimate, as Stone and the board have acknowledged. The error drove up the 30-year projected surplus by $4 billion.
Pennsylvania State University assistant professor Alexis Santos—who has a Ph.D. in applied demography and conducts Puerto Rico research—says post-Maria population projections are fraught with peril. The event was unique, and it’s still difficult to make out the extent of effects on migration and fertility patterns.
Stone knew little about Puerto Rico in January 2016, when a Twitter follower requested he try his hand at the subject. “I was shocked by the response,” he says. “I got much more traffic than I was used to getting on my humble little blog.”
By the time Hurricane Maria swept through the island, Puerto Rico had become a recurrent theme on his blog, and Stone got a surprise invitation to the island to make a presentation at one of the fiscal control board’s “listening sessions,” which convened experts in various disciplines to discuss key issues. The Kentucky native dominated discussion at the Nov. 16, 2017, event, a video of which is available on YouTube. “I’m looking forward to reading your blog after I leave here,” said fellow panelist Mario Marazzi, the then-head of the Puerto Rico Statistics Institute. The next month, Stone signed a contract to work for the board.
Stone, who also has an affiliation with Demographic Intelligence, a Charlottesville, Va.-based consulting firm that counts JPMorgan Chase, Pfizer, and Procter & Gamble among its clients, says he’s happy to engage with critics. In August, he hosted a videoconference call in which he presented his methodology and took questions from dozens of journalists, investors, lawyers, and academics.
Two listeners questioned why gross national product data was being fed into computer models to generate population projections, rather than the other way around. Shouldn’t the economy rise and fall with the number of people making and consuming goods? At first, Stone said there were no conclusive studies on the matter that would force him to account for such a feedback mechanism. Pressed on the matter, he changed tack.
“I always appreciate more people doing good forecasting work,” Stone said. “The more the merrier is my attitude. I’d in fact rather not have a monopoly on forecasting Puerto Rico.” —With Michelle Kaske and Danielle Moran
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There is a wolf at Interpol’s door. The agency should not let him take over. 

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Choosing a Russian security official and Putin ally to run the international police organization would be a huge mistake.

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PUERTO RICO OVERSIGHT BOARD PROJECTING HUGE LONG-TERM SURPLUS – Google Search

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Puerto Rico Oversight Board projecting huge long-term surplus

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According to the latest report by the Financial Oversight and Management Board for Puerto Rico, the long-term 40 year surplus is projected to ring in at $20 billion-far higher than their forecast on June 29, where they predicted a surplus of $4 billion. This projection is a result of a new plan expecting increased revenue due to cut costs, an influx of disaster aid, consolidated agencies, healthcare reform, and an increased tax revenue.
Negotiations are still going on before certifying the new fiscal plan, as the board recently submitted a letter to Governor Ricardo Rosselló on September 19, calling for more spending cuts.
This projection bodes well for creditors, hoping to see if some of the surplus money will be returned to bondholders. Coupled with the deals the territory has made with some of its creditors, the price of Puerto Rico’s general-obligation bonds have doubled this year, as the economic outlook of the territory begins to improve.
The territory is proceeding with caution before certifying the new plan, however, as last time it certified a fiscal plan, there was an error with a cost of $4 billion.
Even with the positive outlook for the new projection, the report emphasizes that “Puerto Rico cannot afford to meet all its contractual debt obligations” and deeply requires a “ restructuring of its debt.” Moreover, the territory’s report claims that much of its economic woes and debt could be alleviated in a political manner, stating that “the most important and critical structural reform for Puerto Rico is a permanent solution to its territorial status. The solution to these inequalities is statehood for Puerto Rico.” This would then “stop outmigration, increase the on-island workforce, and grow Puerto Rico’s economy,” perhaps driving the 40 year surplus of the territory even higher if actualized.

puerto rico surplus projected – Google Search

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Economists including Stiglitz recommend up to 73% Puerto Rico debt …

MarketWatch13 hours ago
Nobel Prize winning economist Joseph Stiglitz says Puerto Rico’s current debt … Puerto Rico would be forced to create primary fiscal surpluses between 3.5% … the fiscal plan is projected to generate” may encourage more Puerto Ricans to …
Story image for puerto rico surplus projected from Eyes on the Ties

The COFINA Agreement, Part 1: The First 40 Year Plan

Eyes on the Ties13 hours ago
The agreement came through the Puerto Rico legislature’s recent approval of House … “In case the available revenues including surplus for any fiscal year are … to Florida, will continue in the coming years, according to the same projections.
Story image for puerto rico surplus projected from Pasquines

Puerto Rico Oversight Board projecting huge long-term surplus

Pasquines15 hours ago
According to the latest report by the Financial Oversight and Management Board for Puerto Rico, the long-term 40 year surplus is projected to ring in at $20 …
Story image for puerto rico surplus projected from Bond Buyer

Trump’s tweet on Puerto Rico has not sidetracked its bankruptcy …

Bond BuyerNov 16, 2018
WASHINGTON — A senior official of Puerto Rico wants to make it clear that the commonwealth has not and will not intermingle federal disaster aid with debt …

New Puerto Rico fiscal plan OK’d; governor says too…

InfosurhoyOct 25, 2018
SAN JUAN, Puerto Rico – A federal control board that oversees Puerto Rico’s … surpluses or deficits, but that they will help stimulate the island’s economy. … be submitting proposals to revise the plan, saying the projections it contains are too …
Story image for puerto rico surplus projected from Bond Buyer

Puerto Rico’s fiscal plan raises cautious optimism

Bond BuyerOct 25, 2018
The Puerto Rico Oversight Board’s latest fiscal plan left bond investors and some … While Tuesday’s plan projects a $6.33 billion government surplus would be … the June 29-approved plan projected an $8.8 billion deficit under the same …
Story image for puerto rico surplus projected from framinghamsource.com

Governor Baker Signs Supplemental Budget Bill, Investing New …

framinghamsource.comOct 24, 2018
… a supplemental budget that invests the surplus funds from Fiscal Year 2018 in a … along with interest and other expected transfers, would bring the projected … in transitional housing assistance for hurricane evacuees from Puerto Rico …
Story image for puerto rico surplus projected from Bond Buyer

Puerto Rico Oversight Board throws some cold water on bondholders …

Bond BuyerOct 23, 2018
In the long term, the board approved a fiscal plan that projected that any central Puerto Ricogovernment annual surplus available for paying debt will disappear …
Story image for puerto rico surplus projected from Firstpost

Puerto Rico’s Governor Tweets at Trump: ‘I Agree With You’

BloombergQuintOct 23, 2018
(Bloomberg) — Donald Trump took to Twitter Tuesday to attack Puerto Rican … Its latest plan projectedsurprising budget surpluses, in part because of the …
Story image for puerto rico surplus projected from Wall Street Journal

Trump Attacks ‘Inept’ Puerto Rico Leaders Over Disaster Aid

Wall Street JournalOct 23, 2018
President Trump attacked Puerto Rico’s “inept politicians,” accusing them of trying to … from last year’s hurricanes—a 32% increase over a prior disaster-aid projection. … surplus available for creditors through 2023, contingent on Puerto Rico …
Story image for puerto rico surplus projected from Firstpost

While reiterating Puerto Rico gov’t lacks will for reforms, fiscal board …

Caribbean BusinessOct 23, 2018
SAN JUAN – Puerto Rico’s Financial Oversight and Management Board … a cumulative $30 billion surplus until 2033, after which it will it will run deficits mostly in … government revenue has outpaced projections and privatization plans for the …
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4:56 AM 11/20/2018 – Route traced in the renegotiation of debt | Opinion Ruta trazada en la renegociación de la deuda

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Route traced in the renegotiation of debt | Opinion

Ruta trazada en la renegociación de la deuda
El acuerdo que se concreta entre la Junta Federal de Control Fiscal, el gobierno y grupos de acreedores para llevar a feliz término la renegociación de la deuda de la Corporación del Fondo de Interés Apremiante (Cofina) es un paso…


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Route traced in the renegotiation of debt | Opinion

The agreement that takes shape between the Federal Fiscal Control Board, the government and groups of creditors to successfully complete the renegotiation of the debt of the Fund of Interest-prone (Cofina) is a step in the right direction because it makes sense of urgency to the task of removing from the road to the fiscal consolidation and the economic development of Puerto Rico.
This agreement has been reached as a result of working shoulder to shoulder, fundamentally between the fiscal board and the Rossello administration.
The credit collapse gestated in the fiscal failures, and that began to worsen after the closure of government and the crisis of governance in 2006, has passed as a country to bitter bill, with an economic depression that adds up to 12 years and a public debt which – with all its aspects, derivatives and multiplier effect – exceeds $ 130,000 million.

It can not be an option to shuffle with the issues of debt and, much less, that disagreements and petty wars between sectors delay or hinder the necessary renegotiation. Hence the importance of the endorsement that both the Chamber and the Senate have given to the administration project for the consensual attention of Cofina’s debt.
Ni el proceso legislativo fue inclusivo ni la medida endosada es perfecta. Pero la realidad es que es extremadamente necesario poner en práctica los mecanismos que sean viables, que hagan posible el destranque en un asunto nuestro tan neurálgico a dos años de creada la ley Promesa.
Este proyecto de administración y su aprobación legislativa son un buen ejemplo de lo que se puede lograr cuando la unidad de propósito aflora.

La deuda de Cofina, entidad creada en 2006 para emitir obligaciones, se eleva a los $17,600 millones y en mayo de 2017 fue puesta bajo el Título III de la ley Promesa.
A un año y tres meses desde su entrada al Título III, trascendió que había un acuerdo entre una parte de los acreedores, el gobierno y la junta fiscal para reestructurar la deuda fuera del proceso de quiebra. En principio eso incluyó a bonistas senior y junior, así como a aseguradoras de deuda.
Luego de intensas negociaciones, se logró que se sumara la cantidad requerida de acreedores en el acuerdo para hacerlo viable, lo cual pasó a la certificación de la jueza de distrito federal Laura Taylor Swain, quien preside todo el proceso de quiebra del gobierno de Puerto Rico.

El acuerdo provee para una reducción del 32% de la deuda. Con esto, se deberán alcanzar ahorros en torno a unos $17,500 millones correspondientes al servicio de las obligaciones.
De igual forma, el arreglo contempla una redistribución de la división de los recaudos producto del Impuesto sobre Ventas y Usos (IVU), lo cual le deja más dinero al Fondo General, con un promedio de $425 millones anuales durante unos 40 años.
Falta mucho por recorrer, es cierto. Pero es de esperarse que este importante acuerdo sobre Cofina se convierta —con determinación— en la llave que abra la puerta ancha para conducir al éxito la reestructuración de los demás segmentos de deuda pública del País. Es de esperarse que el acuerdo sea ratificado en el futuro cercano por la jueza Swain.
It should also be ensured that after this exercise the future negotiations will take place in better terms for the Island, and that we will be able to take off the straitjacket that holds back economic development and that also slows down the return to bonds markets under fair and beneficial to the people of Puerto Rico.

Ruta trazada en la renegociación de la deuda

El acuerdo que se concreta entre la Junta Federal de Control Fiscal, el gobierno y grupos de acreedores para llevar a feliz término la renegociación de la deuda de la Corporación del Fondo de Interés Apremiante (Cofina) es un paso…

Puerto Rico: una Isla con 78 destinos turísticos

Estudios recientes de mercadeo realizados por Discover Puerto Rico, la Organización para el Mercadeo del Destino (DMO, por sus siglas en inglés) revelan que la percepción sobre Puerto Rico de los posibles visitantes es neutral. Afortunadamente, esto indica que el…

Ejemplarizante la pasión de Fernando Cabrera – El Nuevo Dia.com


El Nuevo Dia.com

Ejemplarizante la pasión de Fernando Cabrera
El Nuevo Dia.com
Jamás pudo hacerse justicia en las Mayores, vistiendo el uniforme de tres equipos en siete pedazos de temporadas, lanzando en 132 partidos, compilando marca de 8-7, con efectividad 5.24, pero con 193 ponches en 175.1 entradas, el signo más positivo …

La política mala – El Nuevo Dia.com


El Nuevo Dia.com

La política mala
El Nuevo Dia.com
¡Maldita sea la política!, dicen algunos cuando su decepción con los procesos políticos llega a su máximo. Aristóteles, en laantigua Grecia, tenía la intención de fundamentar los principios de la buena administración del poder cuando hizo la obra que 

Cristóbal Colón – El Nuevo Dia.com


El Nuevo Dia.com

Cristóbal Colón
El Nuevo Dia.com
En 1993, fui Cristóbal Colón por un día, tras participar, junto a estudiantes de mi escuela, en un desfile conmemorativo del quinto centenario del llamado “Descubrimiento de Puerto Rico”. La indumentaria, más de mosquetero que de marinero, lahizo mi …

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Even With Obstacles, Improvements Are Present; On Agenda: Hurricane Relief, Healthcare Parity, Reconstruction Funds
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$9.99

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November 18, 2018
puerto rican food – Google News: 6 Food Books to Connect You to Your Kitchen—and Humanity – WIRED
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November 18, 2018 Puerto Rico News

 The News and Times of Puerto Rico

Peru corruption: Former president Alan Garcia seeks asylum

Alan Garcia requested asylum after he was banned from leaving Peru amid corruption allegations.
News / MN Newsletter // November 18

November 18, 2018
Puerto Rico News: News / MN Newsletter // November 18

November 18, 2018 Puerto Rico News
News / MN Newsletter // November 18
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Ruta trazada en la renegociación de la deuda

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El acuerdo que se concreta entre la Junta Federal de Control Fiscal, el gobierno y grupos de acreedores para llevar a feliz término la renegociación de la deuda de la Corporación del Fondo de Interés Apremiante (Cofina) es un paso…

Route traced in the renegotiation of debt | Opinion

1 Share
The agreement that takes shape between the Federal Fiscal Control Board, the government and groups of creditors to successfully complete the renegotiation of the debt of the Fund of Interest-prone (Cofina) is a step in the right direction because it makes sense of urgency to the task of removing from the road to the fiscal consolidation and the economic development of Puerto Rico.
This agreement has been reached as a result of working shoulder to shoulder, fundamentally between the fiscal board and the Rossello administration.
The credit collapse gestated in the fiscal failures, and that began to worsen after the closure of government and the crisis of governance in 2006, has passed as a country to bitter bill, with an economic depression that adds up to 12 years and a public debt which – with all its aspects, derivatives and multiplier effect – exceeds $ 130,000 million.
It can not be an option to shuffle with the issues of debt and, much less, that disagreements and petty wars between sectors delay or hinder the necessary renegotiation. Hence the importance of the endorsement that both the Chamber and the Senate have given to the administration project for the consensual attention of Cofina’s debt.
Ni el proceso legislativo fue inclusivo ni la medida endosada es perfecta. Pero la realidad es que es extremadamente necesario poner en práctica los mecanismos que sean viables, que hagan posible el destranque en un asunto nuestro tan neurálgico a dos años de creada la ley Promesa.
Este proyecto de administración y su aprobación legislativa son un buen ejemplo de lo que se puede lograr cuando la unidad de propósito aflora.
La deuda de Cofina, entidad creada en 2006 para emitir obligaciones, se eleva a los $17,600 millones y en mayo de 2017 fue puesta bajo el Título III de la ley Promesa.
A un año y tres meses desde su entrada al Título III, trascendió que había un acuerdo entre una parte de los acreedores, el gobierno y la junta fiscal para reestructurar la deuda fuera del proceso de quiebra. En principio eso incluyó a bonistas senior y junior, así como a aseguradoras de deuda.
Luego de intensas negociaciones, se logró que se sumara la cantidad requerida de acreedores en el acuerdo para hacerlo viable, lo cual pasó a la certificación de la jueza de distrito federal Laura Taylor Swain, quien preside todo el proceso de quiebra del gobierno de Puerto Rico.
El acuerdo provee para una reducción del 32% de la deuda. Con esto, se deberán alcanzar ahorros en torno a unos $17,500 millones correspondientes al servicio de las obligaciones.
De igual forma, el arreglo contempla una redistribución de la división de los recaudos producto del Impuesto sobre Ventas y Usos (IVU), lo cual le deja más dinero al Fondo General, con un promedio de $425 millones anuales durante unos 40 años.
Falta mucho por recorrer, es cierto. Pero es de esperarse que este importante acuerdo sobre Cofina se convierta —con determinación— en la llave que abra la puerta ancha para conducir al éxito la reestructuración de los demás segmentos de deuda pública del País. Es de esperarse que el acuerdo sea ratificado en el futuro cercano por la jueza Swain.
It should also be ensured that after this exercise the future negotiations will take place in better terms for the Island, and that we will be able to take off the straitjacket that holds back economic development and that also slows down the return to bonds markets under fair and beneficial to the people of Puerto Rico.
Read the whole story

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Man accused in Reading homicide suspected to be in Puerto Rico – 3:06 PM 11/20/2018

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Reading homicide suspect arrested in Puerto Rico – Google Search

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Man accused in Reading homicide suspected to be in Puerto Rico – WFMZ Allentown


WFMZ Allentown

Man accused in Reading homicide suspected to be in Puerto Rico
WFMZ Allentown
READING, Pa. – The man accused in a deadly Reading shooting is suspected to be at a location inPuerto RicoPolice said Joaquin Ortiz-Ayala is not in custody. Officials originally indicated that Ortiz-Ayala had been arrested in Puerto Rico. He’s 

Puerto Rico News Review 
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A New Way to Sail Around the BVI
Caribbean Journal: A New Way to Sail Around the BVI
Carnival Launches Construction on Newest Cruise Ship
Caribbean Journal: Carnival Launches Construction on Newest Cruise Ship
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Trustlook Joins PolySwarm Network to Protect Enterprises Against Malware
Citizentribune
SAN JUAN, Puerto Rico–(BUSINESS WIRE)–Nov 20, 2018–PolySwarm, the first decentralized threat intelligence marketplace, today announced its partnership with Trustlook to further advance its ecosystem of quality malintent detection. Trustlook will …

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Trustlook Joins PolySwarm Network to Protect Enterprises Against Malware
Citizentribune
SAN JUAN, Puerto Rico–(BUSINESS WIRE)–Nov 20, 2018–PolySwarm, the first decentralized threat intelligence marketplace, today announced its partnership with Trustlook to further advance its ecosystem of quality malintent detection. Trustlook will …

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A New Way to Sail Around the BVI

By the Caribbean Journal staff

Sailing around the British Virgin Islands on a charter boat is one of the ultimate Caribbean getaways.

But if you’re a solo traveler, a couple or a small group, it’s not always practical or easy to charter a whole boat.

That’s why Sunsail has launched a new kind of sailing experience: Sail By the Cabin.

The new option gives guests the chance to book a private en-suite double cabin, without having to book the entire yacht.

All Sail By the Cabin getaways, which will include several yachts sailing together, include professional Captains skippering the yachts, along with the support of a lead boat.

The “flotillas” can include as many as 10 yachts.

“This unique vacation option gives guests a more affordable option to experience the best of an expertly- guided Sunsail vacation. It also provides an exciting environment where guests will make new friends and experience some of the world’s most sought-after destinations through this one-of-a-kind adventure,” said Josie Tucci, vice president of sales and marketing at Sunsail. “We encourage vacationers with a desire to see the world differently to come aboard and experience this unique Sunsail vacation.”

— CJ

The post A New Way to Sail Around the BVI appeared first on Caribbean Journal.

Caribbean Journal: A New Way to Sail Around the BVI

By the Caribbean Journal staff

Sailing around the British Virgin Islands on a charter boat is one of the ultimate Caribbean getaways.

But if you’re a solo traveler, a couple or a small group, it’s not always practical or easy to charter a whole boat.

That’s why Sunsail has launched a new kind of sailing experience: Sail By the Cabin.

The new option gives guests the chance to book a private en-suite double cabin, without having to book the entire yacht.

All Sail By the Cabin getaways, which will include several yachts sailing together, include professional Captains skippering the yachts, along with the support of a lead boat.

The “flotillas” can include as many as 10 yachts.

“This unique vacation option gives guests a more affordable option to experience the best of an expertly- guided Sunsail vacation. It also provides an exciting environment where guests will make new friends and experience some of the world’s most sought-after destinations through this one-of-a-kind adventure,” said Josie Tucci, vice president of sales and marketing at Sunsail. “We encourage vacationers with a desire to see the world differently to come aboard and experience this unique Sunsail vacation.”

— CJ

The post A New Way to Sail Around the BVI appeared first on Caribbean Journal.

Caribbean Journal

Carnival Launches Construction on Newest Cruise Ship

By the Caribbean Journal staff

Carnival Cruise Line has cut the first steel on its newest, largest cruise ship.

The as-yet-unnamed ship, which will be the first-ever operating ship in North America to run on liquefied natural gas, is being built at Meyer Turku in Finland.

The ship is slated for delivery in 2020.

“This new ship promises to be truly special, from its groundbreaking technology and one-of-a-kind features to its distinctive livery and hull design that is both timeless and forward-thinking while paying tribute to our nearly 50-year history of making wonderful vacation memories for our guests,” said Christine Duffy, president of Carnival Cruise Line.

The 5,200-plus lower berth ship will homeport in Port Canavaeral, Fla, with itineraries set to be unveiled in January.

Carnival is already planning to debut another LNG-powered ship in 2022.

The post Carnival Launches Construction on Newest Cruise Ship appeared first on Caribbean Journal.

Caribbean Journal: Carnival Launches Construction on Newest Cruise Ship

By the Caribbean Journal staff

Carnival Cruise Line has cut the first steel on its newest, largest cruise ship.

The as-yet-unnamed ship, which will be the first-ever operating ship in North America to run on liquefied natural gas, is being built at Meyer Turku in Finland.

The ship is slated for delivery in 2020.

“This new ship promises to be truly special, from its groundbreaking technology and one-of-a-kind features to its distinctive livery and hull design that is both timeless and forward-thinking while paying tribute to our nearly 50-year history of making wonderful vacation memories for our guests,” said Christine Duffy, president of Carnival Cruise Line.

The 5,200-plus lower berth ship will homeport in Port Canavaeral, Fla, with itineraries set to be unveiled in January.

Carnival is already planning to debut another LNG-powered ship in 2022.

The post Carnival Launches Construction on Newest Cruise Ship appeared first on Caribbean Journal.

Caribbean Journal