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Tuesday, December 29, 2015

Puerto Rico News Digest For December 29, 2015


COP KILLS THREE AT PONCE POLICE HQ
















From Reuters:

"A Puerto Rico police officer shot dead three colleagues on Monday and
was in critical condition after being shot himself in the police department
building in the city of Ponce, authorities said. The suspect, Guarionex Can-
delario Rivera, was on duty when he walked into Commander Frank Roman
Rodriguez's office to speak with him, but the senior officer was unable to do
so immediately and the situation escalated, Puerto Rico police spokesman
Axel Valencia said. Candelario Rivera eventually shot Roman Rodriguez,
Lieutenant Luz Soto Segarra and agent Rosario Hernandez de Hoyos, he
added. Further details were still being investigated..."


MORE PR CHILDREN RUNNING AWAY 


From The San Juan Star:

"A commonwealth Family Department study shows that more younger chil-
dren are running away from home in Puerto Rico, and experts say the find-
ing is alarming. The most recent cases took place when two boys, ages 11
and 9, ran away, apparently together, from a foster care home in Hatillo.
They have not been found. The study shows that regardless of whether the
children are running away from the home of their biological parents or from
a foster home, the reality is that they are running away at very young ages,
younger than in prior years..."


PDP LEGISLATOR NOT TO RUN FOR REELECTION


From Caribbean Business:

"Angered at how some of his fellow Popular Democratic Party (PDP) mem-
bers manage government and political issues, Rep. José Báez has decided not
to run for reelection and thus return to his private practice as an attorney be-
cause he has no say in the party. Currently, the president of Precinct 4 in San
Juan, Báez said he is retiring because there is serious tension within the PDP
with a sector that, little by little, has broken everything in front of everybody
and no one is saying anything for fear of losing the election..."


PREPA, CREDITORS AGREE TO RESTRUCTURING


From News Is My Business:

"The Puerto Rico Electric Power Authority announced early Thursday that it
has reached an agreement with creditors holding approximately 70 percent
of its financial debt on a plan to execute a restructuring that, among other
things, will reduce the utility’s principal debt burden of more than $600 mi-
llion. As part of the lengthy negotiations that took about 15 months, PREPA
amended its previously announced restructuring support agreement, or RSA,
to include an agreement with monoline insurers Assured Guaranty Corp. and
National Public Finance Guarantee Corp., as well as the Ad Hoc Group of PRE-
PA bondholders — comprising traditional municipal bond investors and hedge
funds — its fuel line lenders and the Government Development Bank for Puer-
to Rico..."



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