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Wednesday, October 14, 2015

Puerto Rico News Digest For October 14, 2015


SPECIAL INVESTIGATIONS MAKES SEVERAL ARRESTS
















From Caribbean Business:

"Since dawn Wednesday, Special Investigations Bureau (NIE by its
Spanish acronym) agents have been processing the arrests of 38 peo-
ple employed  at the Transportation and Public Works Department
and other agencies for fraud in the issuance of driver's licenses and
other administrative violations. Justice Department spokeswoman
Amber Lee Vélez confirmed on WAPA Radio that employees of the
Drivers Service Center (Cesco by its Spanish acronym), Treasury
Department and several municipalities, including San Juan, Ponce,
Caguas and Arecibo were being arrested..."


CRIM & GDB CLOSE TO SETTLING DISPUTE


From The San Juan Daily Star:

"The Municipal Revenue Collections Center (CRIM by its Spanish
acronym) and the Government Development Bank (GDB) are about
to reach an agreement to alleviate the controversy surrounding the
municipal funds deposited in the government bank, Cayey Mayor
Rolando Ortiz said. “My colleague, the chairman of CRIM’s board
[Eduard Rivera Correa], told me they are about to reach an agree-
ment, which is good for Puerto Rico, good for the municipalities
and good for the government,” the Cayey mayor said at the event
at which Popular Democratic Party Sen. Rossana López announced
her candidacy for reelection..."


PUERTO RICO SUMMIT TO BE HELD IN ORLANDO


From Reuters:

"Puerto Rican and U.S. leaders will meet in Florida on Wednesday
to discuss ways to promote Puerto Rico's interests in Washington as
the island weathers a major debt crisis. Civic leaders in the U.S. with
ties to Puerto Rico, as well as U.S. legislators like Florida Represen-
tative Alan Grayson, will convene in Orlando for panel talks and a
“political strategy discussion” to develop an “action plan to address
the crisis,” according to the event’s agenda. The island, which owes
creditors $72 billion, has proposed a plan to restructure debt and im-
pose austerity measures, but it faces political hurdles, including the
need for legislative action from the U.S. government..."


CONTROL BOARD BILL TO BE FILED THIS WEEK


From Reuters:

"Legislation to create a financial control board for heavily indebted
Puerto Rico will be filed on Thursday or Friday, the U.S. territory's
government affairs secretary Jesus Manuel Ortiz said on Tuesday. The
financial control board, a key recommendation from a plan released in
September to try and solve the U.S. territory's pressing debt problems,
would have oversight over most government entities..."


WATER RESERVOIR LEVELS FOR TODAY


Carraizo and La Plata, both of which serve the San Juan metro area,
are to the left. Information is from 5:00 AM today. Click image to
enlarge.
















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