PR GOVT MAY DEFAULT ON MAY 1ST
From Forbes:
"Speaking to reporters on Wednesday, Governor Alejandro Garcia Padilla
said “there will be a default on Monday,” adding, “I don’t think there is a
deal on the table that avoids a default.” Puerto Rico’s Government Develop-
ment Bank, the island’s primary fiscal agent, owes creditors $422 million on
Monday, a payment Garcia Padilla has said the bank cannot afford. The loo-
ming default is part of a broader economic crisis in the Caribbean haven pla-
gued by $70 billion in total debt, a shrinking population and a 45% poverty
rate..."
ZIKA OUTBREAK GROWS, PREGNANT WOMEN WORRY
From USA Today:
"Nowhere in the U.S. has been hit harder by the Zika outbreak than
Puerto Rico, where 570 people have been diagnosed with the virus,
including 48 pregnant women. The true number of Zika cases in Puerto
Rico, where the virus is spreading among local mosquitoes, could be
much greater. Only about one in five people with Zika develop symptoms,
so most of those with the virus are unaware they've been infected,
according to the Centers for Disease Control and Prevention..."
ENVIRONMENTAL GROUPS BACK BOTTLE BILL
From The San Juan Daily Star:
"The Sierra Club and the Basura Cero Puerto Rico (Zero Garbage Puerto
Rico) project are backing a bill in the island House of Representatives to
establish a five cent deposit on glass, aluminum and plastic containers to
prevent them from reaching Puerto Rico’s landfills. The bill, authored by
Rep. Víctor Vasallo and sponsored by Rep. José Báez, is called the Recep-
tacle Recycling Promotion Law, better known as the “Bottle Bill” in English,
and is under consideration by the House in the current session..."
PUERTO RICO RETAIL SALES DOWN 3.71%
From News Is My Business:
"Puerto Rico retail sales started 2016 in a slump, reflecting a 3.71 percent
year-over-year drop in January, or $113.3 million less than what was gene-
rated during the same month in 2015, Puerto Rico Trade and Export repor-
ted Wednesday. Total retail sales January totaled $2.9 billion, while in 2015
this figure was a little more than $3 billion, agency Executive Director Fran-
cisco Chévere said..."
Puerto Rico is beautiful. I don't know the inner workings but when i went to PD, i was treated real bad by the local community cause I was white (I'm actually Italian and Gypsy). And this was everywhere... not just tourist spots. Maybe if the local population treated foreigners better, people would give a f#ck. I was told I didnt have enough "Spice" in me... well, i never went back and spent my hard earned money elsewhere. Let's see...Gypsies are from India and I'm also Italian? well i guess not enuff spice... really short sighted.
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