HOUSE COMMITTEE RELEASES PR FINANCE BILL
From Caribbean Business:
"The U.S. House Committee on Natural Resources released Tuesday H.R.
4900, the Puerto Rico Oversight, Management, and Economic Stability Act
(PROMESA), which if passed as is will impose a seven-member financial
oversight board over Puerto Rico that would be appointed by the president
and will have broad encompassing powers over the island. The Financial
Oversight & Management Board’s members would be selected from a list
of candidates submitted by the U.S. House speaker, Senate majority leader,
and minority leaders of the House and Senate. The board, which will have
offices in Puerto Rico and anywhere else needed, will appoint an executive
director. The governor of Puerto Rico would be an ex-oficio member with-
out voting powers..."
PR NAMED AS TEST SITE FOR 2020 CENSUS
From News Is My Business:
"The U.S. Census Bureau announced Tuesday it plans to conduct a test
census in selected areas within Puerto Rico beginning February 2017. The
Census Bureau will test new technologies, operations and procedures for the
2020 Census of Puerto Rico, the agency said. The test will take place in three
towns within the San Juan metro area — Carolina, Loíza and Trujillo Alto --
which represent some 123,000 housing units..."
POLICE SEIZE $13M WORTH OF COCAINE
From Fox News Latino:
"Authorities in Puerto Rico say they have seized $13 million worth of cocaine
and arrested four men after a chase off the island's southeast coast. Police said
Wednesday that some of the cocaine was seized from a boat located near the
town of Patillas. Police said two Dominican men aboard the boat threw a por-
tion of the drugs into the ocean and were arrested..."
PR CHURCH STRIPS TEACHERS OF PENSION
From The San Juan Daily Star:
"Archdiocese officials in recent weeks informed...several hundred current and
retired teachers that their pensions will be eliminated because payouts excee-
ded contributions. Enrollment at Catholic schools in Puerto Rico has plunged
with so many families leaving the island for the U.S. mainland amid the island’s
economic crunch. It has been a devastating blow to Catholic school teachers who
had counted on those pensions to supplement the Social Security checks they’ll
be getting..."
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