GOVERNOR GARCIA PADILLA WILL NOT SEEK REELECTION
From Caribbean Business:
"In a broadcast announcement Monday, Dec. 14, Gov. Alejandro García
Padilla said he will not seek reelection in 2016, saying the task of help-
ing Puerto Rico out of its financial hole would require his full attention
and therefore cannot focus on a gubernatorial campaign. “I will not seek
reelection for governor. Big causes demand big sacrifices,” said the go-
vernor, noting that next year will bring “politically unpleasant decisions."
The governor is expected to leave early this week for Washington, D.C.,
where he will be speaking at a National Press Club speakers luncheon in
the U.S. capitol on Dec. 16..."
TWO INDICTED FOR BANK & WIRE FRAUD
From US Attorney's Office:
"On December 9, 2015, a Federal grand jury returned a seventy-nine count
indictment charging Miosotis Ribot-Figueroa (Ribot) with bank fraud, wire
fraud, and aggravated identity theft and charging Ribot and José F. Gonzá-
lez-Guzmán (González) with a total of four counts of monetary transactions
in property derived from specified unlawful activity, announced Rosa Emi-
lia Rodríguez-Vélez, United States Attorney for the District of Puerto Rico.
The Federal Bureau of Investigation (FBI) is in charge of the investigation.
The indictment was unsealed today upon the arrest of both defendants. The-
se charges stem from a scheme utilized by Ribot from approximately May
to October 2014 to make thirty four unauthorized bank transfers from the
bank account of her employer to bank accounts controlled by Ribot and/or
González totaling approximately $490,165.42..."
AUTHORITIES PREPARE FOR ZIKA VIRUS
From The San Juan Daily Star:
"While there is no immediate threat, the island Health Department is pre-
paring for the arrival of the Zika virus, which is transmitted by the same
mosquito responsible for the dengue and chikungunya virus on the island,
State Epidemiologist Brenda Rivera said. “All Caribbean jurisdictions are
on the watch,” she said. Common symptoms of infection with the virus in-
clude mild headaches, rash, fever, malaise, conjunctivitis and others..."
PR REVENUES DOWN FOR NOVEMBER
From News Is My Business:
"Puerto Rico General Fund collections reached $488.6 million in Novem-
ber, falling $15.4 million short of estimates, but $36.7 million above what
the government shored up during the same month in 2014, Treasury Secre-
tary Juan Zaragoza said Monday. The current decrease is 3.2 percent less
than the revenue projections included in the original $9.8 billion budget
for Fiscal 2016..."