FILE PHOTO - The flags of the U.S. and Puerto Rico fly outside the Capitol building in San Juan, Puerto Rico May 4, 2017. REUTERS/ Alvin Baez
The Official Committee of Unsecured Creditors, which includes Service Employees International Union, American Federation of Teachers, as well as suppliers and contractors to the Puerto Rican government, said the board recently informed the committee it will not pursue claims against advisers, underwriters and public officials involved in debt sales by the island prior to its May 2017 bankruptcy filing.
The committee asked the judge overseeing the island’s bankruptcy to appoint it as a trustee with the power to investigate past debt issuances, as well as pursue fraud, negligence, and breach of fiduciary duty claims against individuals. The committee’s motion zeroed in on $3.5 billion of general obligation bonds Puerto Rico issued in March 2014 just months before its government enacted a bankruptcy statute that was subsequently voided in court and a declaration by its then-governor that the island’s debt was “unpayable.”
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Infighting stalls disaster aid for Puerto Rico, SoutheastWASHINGTON (AP) — Six months after hurricanes devastated the Southeast, Washington infighting has shelved a widely backed disaster aid package that President Donald Trump's allies in Florida and Georgia are desperately seeking.
Source: YahooNews - 🏆 380. / 59 Read more »
Puerto Rico disaster relief remains in limbo as Congress' recess startsPuerto Rico will have to wait until May for Congress to resume discussions over disaster relief funding, deepening a growing uncertainty over hurricane recovery efforts. They may have to wait until after 2020. They’re too busy trying to figure out if 9-11 was bad for the US or not Puerto Rico has already gotten more in storm relief than Texas and Florida combined.
Source: NBCNews - 🏆 10. / 86 Read more »
After Pollution Crisis, Puerto Rico To Eliminate All Coal Power Next YearPuerto Rico has announced that it will end coal-based power generation next year, with Governor Ricardo Rosselló highlighting a rapid transition to renewable energy. This announcement comes shortly after the Puerto Rico Energy Public Policy Act (PS 1121) was approved by the territory's Senate. Solar and Wind power generation it is💪, with no tax on it... is that why they're being targeted and harassed by the trump administration? This poor American state completely neglected by this current President since their natural disaster hit😡😢😢😢
Source: Forbes - 🏆 394. / 53 Read more »
Rick Scott and Chuck Schumer feud over Puerto RicoRick Scott is feuding with Chuck Schumer in increasingly personal terms over Puerto Rico Scott is dependent on the PR vote in FL. Campaigned hard for that vote, speaks fluent Spanish. The vote should have gone to Nelson, but he sat on his ass. Voldemort says what? Rick Scott oversaw the largest Medicare fraud in history and made an enormous amount of money scamming the government. Republicans put him in charge of Florida for 8 years & now installed him in the Senate. But 'the two parties are the same!' amirite?
Source: politico - 🏆 381. / 59 Read more »
‘Stop the bull’: Feud erupts between Rick Scott and Chuck Schumer over Puerto Rico“The truth is, you’re more than happy to give Puerto Rico nothing if it helps prolong a political fight with Trump,' Rick Scott tweeted about Chuck Schumer “This is a great example of why people hate politicians” says Rick Scott, a living breathing case study for why people hate politicians. Senator is Trump's loyal dog, and Congressman is a wise man. Of course they are different. The Puerto Rican Government can influence the Spanish Government. ScottforFlorida hates all living organisms
Source: politico - 🏆 381. / 59 Read more »
Puerto Rico's pot boom? Medical marijuana industry touts growth, despite challengesThe government and industry proponents project that the cannabis program could generate $100,000,000 in new tax revenue by 2020 and create 20,000 jobs. I know people that are so greedy that they would charge twenty dollars for a gram of cannabis. Just so they can go out and buy themselves a gram of cocaine. Now , federally legal cannabis will end that. I do not need you to get my cannabis. You can not price gouge me. Right because everyone in PR is so rich...... Real money is in recreational marijuana. Haha yeah right. Ask California how that worked out. They taxed themselves out of the market and now the black market is thriving and acting with immunity.
Source: NBCNews - 🏆 10. / 86 Read more »
New Bipartisan Legislation Would Expand Federal Electric Vehicle Tax CreditA bipartisan group of Senators and Members of Congress introduced a bill on Wednesday expand the federal electric vehicle tax credit in an effort to spur domestic EV production and enhance U.S. competitiveness in auto manufacturing. 400k cars X $7,500 = 3 Billion dollar giveaway. we still have to burn coal to make it..you feel good on your end ..so its o.k. A ignorant give away to the rich !! Billions of dollars for what !!
Source: Forbes - 🏆 394. / 53 Read more »
After Pollution Crisis, Puerto Rico To Eliminate All Coal Power Next YearPuerto Rico has announced that it will end coal-based power generation next year, with Governor Ricardo Rosselló highlighting a rapid transition to renewable energy. This announcement comes shortly after the Puerto Rico Energy Public Policy Act (PS 1121) was approved by the territory's Senate. Solar and Wind power generation it is💪, with no tax on it... is that why they're being targeted and harassed by the trump administration? This poor American state completely neglected by this current President since their natural disaster hit😡😢😢😢
Source: Forbes - 🏆 394. / 53 Read more »