Friday, October 7, 2022

Latest News

  • US Bureau of Economic Analysis Mistakenly Issues Data Early

    WASHINGTON – The government on Tuesday mistakenly released data on consumer spending for November the day before its scheduled release. In a statement issued at 8:20 p.m. EST Tuesday, the Commerce Department’s Bureau of Economic Analysis said...

    • Posted December 23, 2015
  • Treasury embargoes 2 more restaurants for tax evation

    The Treasury Department raided two restaurants in San Juan and Río Piedras Wednesday morning for allegedly retaining the sales-and-use tax (IVU by its Spanish acronym) and not remitted the funds to the Puerto Rico Treasury Department, sources...

    • Posted December 23, 2015
  • Puerto Rico government settles complaint with federal government to make upgrades to San Juan water infrastructure  

    Under two settlements with the U.S. Environmental Protection Agency (EPA) and the U.S. Department of Justice, three Puerto Rico government agencies have agreed to upgrade portions of storm water systems they own within the Municipality of San...

    • Posted December 23, 2015
  • Pesquera to run for resident commissioner as Pierluisi’s running mate

    Carlos Pesquera, a former gubernatorial candidate for the New Progressive Party (NPP) and a prominent public official during the Pedro Rosselló administration, has formalized his candidacy for resident commissioner in Washington, D.C. Pesquera’s candidacy ensures an eventual...

    • Posted December 23, 2015
  • Democrats Grapple With Trump Effect as Primary Draws Near

    WASHINGTON – Months of intense focus on the Republican race – and front-runner Donald Trump – have reverberated through the Democratic field, prompting front-runner Hillary Clinton to turn her attention to her would-be GOP challengers and leaving...

    • Posted December 23, 2015
  • Top Business Story in 2015: China’s Sharp Economic Slowdown

    WASHINGTON — China’s economy lost some luster and its leaders their aura of invincibility. A commodities boom went bust, spreading pain from Texas oil fields to Indonesian coal mines. Seven years of near-zero interest rates ended in...

    • Posted December 23, 2015
  • Trump denies using ‘vulgar’ language to mock Clinton

    WASHINGTON — Republican presidential candidate Donald Trump on Tuesday dismissed reports that he used vulgarity in describing Democrat Hillary Clinton’s primary loss to now-President Barack Obama in 2008. Trump said Monday night, “She was favored to win...

    • Posted December 23, 2015
  • Rivera Schatz Opts for Senate Return

    Former Senate President Thomas Rivera Schatz announced Tuesday that he will seek reelection as senator-at-large for the New Progressive Party (NPP), putting to rest speculation that he would run for Puerto Rico governor as had been rumored...

    • Posted December 22, 2015
  • Governor Reiterates Potential for Default on Debt Payments due Jan. 4

    SAN JUAN – Once again, Gov. Alejandro García Padilla warned Tuesday, Dec. 22, about an imminent default come Jan. 4, when the commonwealth government has to disburse more than $850 million to cover debt-service payments, including $331.6...

    • Posted December 22, 2015
  • Young, charismatic candidates spice up Spanish election

    MADRID — Spain’s next prime minister could be a young pony-tailed university professor, or perhaps a leather-jacketed lawyer who once posed nude in campaign posters. By The Associated Press They demonstrate just how much Spanish politics has...

    • Posted December 18, 2015
  • Officer’s mistrial in Gray’s death a letdown for both sides

    BALTIMORE — As jurors deliberated the fate of one of six police officers charged in the death of Freddie Gray, Baltimore braced for a possible repeat of the protests, destruction and dismay that engulfed the city in...

    • Posted December 18, 2015
  • For GOP candidates, a fight to define party’s foreign policy

    WASHINGTON — For Republicans, this week’s presidential debate highlighted a brewing fight to define the party’s foreign policy posture, exposing divisions among candidates about the U.S. role in fostering regime change in the Middle East and tactics...

    • Posted December 18, 2015
  • US $1.83 billion arms sales for Taiwan draws China’s ire

    WASHINGTON — The Obama administration announced a $1.83 billion arms sale to Taiwan on Wednesday, drawing an immediate rebuke and threats of retaliation from Taipei’s rival Beijing. By The Associated Press The arms package is the first...

    • Posted December 18, 2015
  • Fed rate rise welcomed in stock markets around the world

    LONDON — Global stock markets surged Thursday as the Federal Reserve’s decision to raise interest rates for the first time in nearly a decade ended a period of uncertainty that had been roiling investors for the past...

    • Posted December 18, 2015