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Wednesday, October 21, 2015

Puerto Rico News Digest For October 21, 2015


TOURIST DIES AFTER ZIP LINE FALL

















From Yahoo! News:

"A 56-year-old cruise ship passenger from New Mexico has died after
falling from a zip line in Puerto Rico, police said Tuesday, prompting
calls for greater oversight of adventure tours in the U.S. territory. Poli-
ce said Marsha Boekeloo fell 20 feet (6 meters) from the line at the
Hacienda Campo Rico..."


COMMERCE SECRETARY CALLS CRITICS 'LOSERS'


From The San Juan Daily Star:

"Economic Development and Commerce Secretary Alberto Bacó des-
cribed critics of Laws 20 and 22, which have helped lure wealthy Ame-
rican investors to Puerto Rico on the promise that they won’t pay taxes,
as “born losers.” “They are born that way. They are born losers..."


UNIONS PROTEST PREPA PRIVATIZATION


From Caribbean Business:

"Puerto Rico Electric Power Authority's (Prepa) Alliance of Active &
Retired Employees and Irrigation & Electrical Workers Union (Utier
by its Spanish acronym) held a protest Tuesday along Condado's Dos
Hermanos Bridge to denounce government proposals to privatize..."


TOURISM INDUSTRY STILL HEALTHY


From News Is My Business:

"Puerto Rico is $73 billion in the hole, a sustained drought recently
led to severe water shortages — at one point forcing some San Juan
residents to limit their showers to two a week — and potential rival
Cuba is about to open up the floodgates to U.S. visitors..."


PREPA CHIEF CONFIDENT ON BOND DEAL


From Bloomberg:

"Puerto Rico’s main electricity provider is confident it will reach a deal
with insurance companies that guarantee repayment on a portion of its
$8.3 billion of debt, the utility’s chief restructuring officer said..."



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