Sunday, January 29, 2023

All posts tagged "Government"

  • Endorsement Filings Moving Forward at the CEE

    Two of the three independent candidates aspiring to be elected governor of Puerto Rico in the November 2016 elections have reached the minimum 50% of endorsements required by Feb. 1, submitting some 16,000 endorsements each. As of...

    • Posted February 6, 2016
  • GDB’s Acosta On Audited Statements: ‘We Are Not Hiding Anything’

    SAN JUAN — On Friday, Government Development Bank (GDB) Chairwoman & President Melba Acosta said that although the commonwealth’s audited financial statements for fiscal year 2014 have yet to be delivered, they would only confirm what government...

    • Posted February 5, 2016
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  • Puerto Rico Briefs Congress on Debt-Exchange Plan, Calls for Broad Restructuring Regime

    SAN JUAN — Representatives of the Puerto Rico government briefed Congress staffers for about two hours on Friday over Gov. Alejandro García Padilla administration’s latest plan to restructure a large chunk of its $70 billion debt, while...

    • Posted February 5, 2016
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  • Conflicting Bankruptcy Perspectives Discussed At D.C. Debt Forum

    SAN JUAN — Puerto Rico needs a restructuring plan for “all of its debt” through a special legislative act tailored to territories along with a federal control board that does not intervene with the island’s autonomy, to...

    • Posted February 5, 2016
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  • CBP, HSI Seize 86 Pounds Of Cocaine Concealed Inside Boat Hull

    FAJARDO — U.S. Customs and Border Protection (CBP) and U.S. Immigration and Customs Enforcement (ICE) Homeland Security Investigations (HSI ) seized 86 pounds (39 kilos) of cocaine found Wednesday concealed inside the hull of a 26 foot...

    • Posted February 5, 2016
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  • Friday’s Jobs Report Could Ease US Recession Fears. Or Not.

    WASHINGTON – U.S. manufacturing is shrinking, corporate profits are declining and goods are piling up on warehouse shelves. Those trends have elevated concern that a U.S. recession may loom in the next year or two. Yet in...

    • Posted February 5, 2016
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  • Zaragoza Accepts Blame For Delay In Audit Of Government Finances

    SAN JUAN — Treasury Secretary Juan Zaragoza admitted Thursday that the reason the accounting firm KPMG has not finished an audit into the government’s finances for 2014 is because the government has failed to give the company all the necessary documents...

    • Posted February 5, 2016
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  • Puerto Rico Government Puts Forth Debt-Restructuring Plan

    Creditors Call Effort Into Question With the Puerto Rico debt-crisis saga in crescendo, several developments on different fronts took place this week, as the commonwealth continues to grapple with a fiscal crunch that slowly but surely keeps...

    • Posted February 4, 2016
  • Puerto Rico in the Spotlight Again

    “Just when I thought I was out, they pull me back in,” the famous line by Al Pacino in the role of Michael Corleone of the Godfather trilogy would have been a fitting statement for U.S. Rep....

    • Posted February 4, 2016
  • Unfunded Pension Funds Ticking Time Bombs

    Lower Government Funding Hinders Stability of P.R.’s Three Main Retirement Systems In 2013, the Alejandro García Padilla administration, which had just entered office, enacted legislation to reform Puerto Rico’s ailing retirement systems, as their assets were quickly...

    • Posted February 1, 2016
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