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Monday, February 1, 2016

Puerto Rico News Digest For February 1, 2016


Several killings over the weekend have driven the murder total in Puerto
Rico for the month of January to a total of 50. In Fajardo,  37-year-old Elis
M. Iglesia Rivera was shot to death at a pub around 10 PM on Sunday night.
A second man was injured in that shooting. Earlier that day, an anonymous
tip alerted Police to the murder of 26-year-old Ángel Núñez Hernández, who
was found dead on road PR-852 in Trujillo Alto. The other five killings regis-
tered this past weekend occured in Canóvanas, Cidra, Gurabo and Río Piedras,
where two murders were reported.


From The San Juan Daily Star:

"Puerto Rico police arrested three suspects and are looking for a fourth in the
murder of San Juan prosecutor Francelis Ortiz Pagán, officials announced Thurs-
day. The motive of the murder was an attempted carjacking, said Police Super-
intendent José Caldero. The authorities declined to identify the suspects in cus-
tody until charges were formally filed in court, Caldero said. The fourth suspect
has been identified as Rafael Aponte Peña. Ortiz Pagán was shot once in the face
and once in the back when she arrived at her Río Grande home in a white Mini
Cooper just after midnight on Tuesday, Jan. 19..."


From Caribbean Business:

"As previously anticipated by Caribbean Business, the Puerto Rico government
has made public its debt-restructuring plan, a voluntary exchange proposal that
would reduce the commonwealth’s tax-supported debt from $49.2 billion to $26.5
billion and provide debt-service relief during the next few years, according to a
government statement released Monday morning. The commonwealth is now pro-
posing to creditors that they exchange their existing bonds for two new types of
security: a base bond, with a fixed interest rate and an amortization schedule; and
a “growth bond,” which is payable only if government revenues exceed certain
levels. The new securities would also provide enhanced credit protections, such
as a commonwealth guarantee and statutory liens and pledges with respect  to cer-
tain revenues..."


From News Is My Business:

"The U.S. House Subcommittee on Indian, Insular and Alaska Native Affairs
Committee will hold an oversight hearing on Feb. 2 to provide commentary on
a possible solution to the Puerto Rican debt crisis, emphasizing on improved
management policies and long-term sustainability...Witnesses will testify at this
hearing about the serious immediate challenges facing Puerto Rico and explore
possible short-term and long-term solutions, according to the memo the commi-
ttee chaired by Republican Rep. Don Young..."

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