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Puerto Rico , Friday 20 April 2018

News Puerto Rico » Finance: Tourism in Puerto Rico unfazed by blackout

News channel or source: https://finance.yahoo.com/news/tourism-puerto-rico-unfazed-blackout-144200033.html
Publication date: Friday 20 April 2018

That contractor, who also caused another outage last week, has been fired. Carla Campos, acting executive director of Puerto Rico Tourism Company, told Yahoo Finance that this was an isolated incident and uncommon for the island. “Before this outage ...

News Puerto Rico » Finance: Hurricane Aid Has Eased Puerto Rico’s Finances. It May Not Be Enough.

News channel or source: https://www.nytimes.com/2018/04/19/us/puerto-rico-fiscal-plan-hurricane.html
Publication date: hursday 19 April 2018

Mr. Portela, the chairman of Puerto Rico’s Fiscal Agency and Financial Advisory Authority, disagreed with that, calling governmental retirees “the most vulnerable of Puerto Rican society.” He reminded the oversight board that teachers in Puerto Rico ...

News Puerto Rico » Finance: Puerto Rico Board Backs Fiscal Plan Amid Clash With Governor

News channel or source: https://www.bloomberg.com/news/articles/2018-04-19/puerto-rico-board-passes-fiscal-plan-amid-clash-with-governor
Publication date: hursday 19 April 2018

The federal board that oversees Puerto Rico’s finances approved a multi-year fiscal plan ... saying it casts doubt on the financial projections. A member of his administration reiterated his views at the panel’s hearing. "It would be inhumane to ...

News Puerto Rico » Finance: Motel misery: Hundreds fled Hurricane Maria in Puerto Rico only to end up functionally homeless in Florida

News channel or source: https://www.msn.com/en-us/news/us/they-fled-maria-in-puerto-rico-now-theyre-in-motels/ar-AAw83bo
Publication date: Friday 20 April 2018

Puerto Rico was suffering a massive and unprecedented population ... With federal help lacking, the financial burden of helping Maria evacuees in Florida is falling -- and falling hard -- on churches and non-profits, said Rev. Jose Rodriguez, from Iglesia ...

News Puerto Rico » Finance: Puerto Rico hit by island-wide power blackout

News channel or source: https://www.reuters.com/article/us-puertorico-utilities-blackout/puerto-rico-hit-by-island-wide-power-blackout-idUSKBN1HP2QW
Publication date: hursday 19 April 2018

Puerto Rico’s smaller islands of Culebra and Vieques ... Separately on Wednesday, the island’s federally-appointed financial oversight board unveiled a framework for reform that breaks with Rossello’s vision, pushing pension cuts and labor reforms ...

News Puerto Rico » Finance: Control board meeting to OK austerity plans for Puerto Rico

News channel or source: http://www.miamiherald.com/news/business/article209310094.html
Publication date: hursday 19 April 2018

Puerto Rico's financial debt coupled with the pension liabilities are nearly twice the size of its economy. The board said the government needs to consolidate its 114 agencies into 22 groups as well as consolidate police stations and replace officers ...

News Puerto Rico » Finance: Banks impose massive attack on Puerto Rican workers amid island-wide blackout

News channel or source: https://www.wsws.org/en/articles/2018/04/20/puer-a20.html
Publication date: hursday 19 April 2018

In the midst of another island-wide electrical blackout across Puerto Rico, the island’s Financial Oversight Management Board (FOMB) met in the capital of San Juan Thursday afternoon to pass a fiscal plan that amounts to a full-scale assault on Puerto ...

News Puerto Rico » Finance: Board approves austerity plans for Puerto Rico amid protests

News channel or source: http://www.newsobserver.com/news/business/article209310094.html
Publication date: hursday 19 April 2018

Puerto Rico's government announced it would try to trim its workforce by offering some workers, including in police and education departments, inducements to leave. Gerardo Portela, executive director of the island's financial authority, said such workers ...

News Puerto Rico » Finance: As Puerto Rico Creditors Eye Payout, Islanders Get Angry

News channel or source: https://www.bloomberg.com/news/articles/2018-04-19/puerto-rico-board-sees-route-to-recovery-residents-have-doubts
Publication date: Wednesday 18 April 2018

The federal board, created by the U.S. Congress, is trying to chart Puerto Rico’s resurrection from a financial crisis that built over years, only to be temporarily worsened by the September storm that left its electricity system in tatters and caused ...

News Puerto Rico » Finance: Puerto Rico Sales Tax Bond Fight Sparks Muni Market Anxiety

News channel or source: https://www.law360.com/articles/1035369/puerto-rico-sales-tax-bond-fight-sparks-muni-market-anxiety
Publication date: Friday 20 April 2018

In addition to wielding considerable control over how funds ultimately get distributed to Puerto Rico’s bondholder creditors, the judge presiding over the territory’s bankruptcy-like cases is also influencing the U.S. municipal finance market.