The tiny U.S. territory of Puerto Rico is at least $70 billion in debt and has another $37 billion in unfunded pension obligations. Puerto Rico's population, now down to just 3.7 million residents, also confronts a 15% jobless rate--a...Show More Summary
The island's problems have ignited an exodus not seen here since the 1950s, when 500,000 people left for jobs on the mainland. Now Puerto Ricans, who are U.S. citizens, are again leaving in droves.... a taxpayer bailout would be expensive and a default would be far more disruptive than Detroit's record bankruptcy filing in July. Show More Summary
Puerto Rico has been in recession for 8 years. The unemployment rate is 15% and debt has piled up to the tune of $70 billion. For Comparison purposes, California public debt is $96 billion and Detroit debt was $18 billion. Wall Street rates Puerto Bonds at one step above junk. Show More Summary
After a 1-2 weekend at the Puerto Rico Tip-Off, the Virginia Commonwealth University (VCU) Rams bounced back against the Northeastern University Huskies. After a back and forth contest, VCU won 79-66 and improved to 5-2 on the year. The Rams were led by Treveon Graham, who has been averaging 15.3 points per game (PPG). Show More Summary
A couple of months ago we launched our Photograph for Nokia in Puerto Rico competition. Now, after being dazzled by masses of stunning shots, we’re...
Say you live in Puerto Rico, where you’ve only got so many Walmarts per capita. Now say that your local Walmart has a TV you didn’t want on Wednesday for $80 cheaper than usual. If you’re like any other decent human being in the country, your mission is to jump the security railing and stampede into the building in an attempt to stomp-kill everyone around you.
By Jake Zamansky: We have been blogging about Puerto Rican municipal bonds over the last several weeks. The situation for mom and pop investors and retirees in Puerto Rico is dire, to say the least. Our concern has been that brokersShow More Summary
Or perhaps a better question: where does the LGBT community stand in the struggle to gain visibility and recognition of its rights?
By Joan Feldbaum-Vidra: Puerto Rican policymakers have taken the bull by the horns in an impressive way. Indeed, they have sliced the swollen fiscal deficit, addressed the cancerous pension system, and stabilized finances in bleeding SOEs. Show More Summary
One of Puerto Rico’s most successful retail entrepreneurs, Marie Helene Morrow—who established Reinhold Jewelers 30 year ago and now has 13 stores on the island—has opened her first men’s store, featuring everything from jewelry and watches to bicycles, sculpture, and vintage books. Show More Summary
People of America, here is The Food Truck by José Andrés at Dorado Beach Resort and Club in Puerto Rico. According to the press release below, food trucks are big in Puerto Rico right now, and Andrés is bringing...
Commitment Class Jones-Act Ships to Offer Lower Emissions; Increased Speed, Reliability and Capacity, and Optimized Vehicle Shipping Decks. The next chapter
Dominican Republic: Some 354 Haitians and people of Haitian background have been recently deported from the Dominican Republic after three people were killed near the border dividing Hispaniola. Puerto Rico: In the latest sign of Puerto Rico's financial woes, the island's unemployment rate rose for the fourth straight month and is at 14.7%. Show More Summary
Michigan lost to Charlotte 63-61 on Sunday in the Puerto Rico Tip-Off championship. On paper, the Wolverines should have easily handled the 49ers and flown back to Ann Arbor with a tournament title in their back pocket. But, after an...Show More Summary
Yet another college basketball powerhouse has gone down early in the season as No. 14 Michigan was toppled by Charlotte, 63-61 in the Puerto Rico Tip Off championship on Sunday night. ESPN's College Basketball Twitter feed summed up the improbable upset: With just under 10 seconds left, Mitch McGary hit a clutch lay-up to tie things up at 61 apiece. Show More Summary
Thousands of people are marching today in San Juan, Puerto Rico, in favor of the liberation of Oscar López Rivera, imprisoned in the United States 32 years ago on charges of “seditious conspiracy.” López Rivera, 70, is a fighter for the independence of Puerto Rico, a colony of the United...
When María Teresa Mejía (or just Teresa to those who know her) introduces herself, you travel with her back to Puerto Rico where she was born, then lost her mother and sister to a tragic domestic violence shooting. Teresa describes … Continue reading ?
VCU entered the season holding lofty expectations and rose as high as No. 10, but the Florida State Seminoles proved too much for the Rams in a 85-67 drubbing in the Puerto Rico Tip-Off. The showdown was tight in the opening stretches, with the teams trading leads throughout the early goings. Show More Summary
SAN JUAN (Reuters) - The Obama administration is dispatching a team of experts to Puerto Rico to advise the Caribbean island's government on its hard-pressed finances and to help it better tap federal funding programs, according to officials.
The 2013 Puerto Rico Tip-Off begins on Thursday, Nov. 21, and will feature some top-flight teams with plenty of great players to watch. While lesser-known squads like Charlotte, Kansas State, Northeastern, Long Beach State and Florida...Show More Summary