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Tuesday, July 5, 2016

Puerto Rico News Digest For July 5, 2016


From The San Juan Daily Star:

"The government of Puerto Rico said it would pay at least part of the interest
on bonds that came due at midnight on Friday, but in any case foresaw the grea-
test default on the debt to date. The different bonds that came due July 1 totaled
nearly $2 billion, of which some $700 million were general obligation (GO) bo-
nds, according to a CyberNews report. This type of bond is guaranteed by the
Puerto Rico Constitution, which assures that their payment has priority over any
other public expenditure that the commonwealth administration has incurred..."


From The Advocate:

"Puerto Rico has unveiled its first LGBT monument, which also serves as a me-
morial to the 49 victims of the June 12 massacre at Orlando’s Pulse nightclub.
Most of the people killed were LGBT and Latino, and a majority of the victims
were of Puerto Rican descent. The monument, located in San Juan’s Third Mill-
ennium Park, is comprised of seven rectangular columns in rainbow colors, and
sits at the entrance to the Escobar the Sixth Stadium...At the base of the monum-
ent is a plaque highlighting the names of the 23 Puerto Rican victims killed in the
massacre, with the additional 26 victims listed below..."


From News Is My Business:

"Puerto Rico’s bankruptcy levels remained flat last month, when the total number
of companies and individuals who turned to the U.S. Bankruptcy Court for help
was up by two cases when compared to the same month in 2015. So far this year,
there are 5,291 bankruptcy cases on file, representing a 5.06 percent increase from
the same six-month period last year..."


From Caribbean Business:

"The secretary-general of the New Progressive Party (NPP), William Villafañe,
on Monday, July 4, removed the U.S. flag from on its pole at party headquarters
and hoisted a new flag, with 51 stars. The event comes about as part of an initia-
tive calling for the U.S. government to “respect the will of the people and give
way to a decolonization process in which statehood is attained,” Villafañe said
...Villafañe added that during the NPP’s monthly directors’ meeting, to be held
Tuesday, a resolution will be presented so all of the party’s municipal committe-
es hoist the 51-star flag “to deliver the message of equality and statehood,” he

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