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Monday, April 10, 2017

Puerto Rico News Digest For April 10, 2017


TWO MURDERED IN CANOVANAS AS THEY BEAT MAN

















As reported by El Vocero, a double murder occured yesterday at 6:31 PM at a home in the Alturas de Campo Rico neighborhood in Canóvanas. Jorge Jiménez Cruz allegedly shot the victims, Luis Manuel Pizarro Jiménez, age 42, and his son Luis Ángel Pizarro Pacheco, age 20, as they were beating the shooter's son, 20-year-old Jorge Jiménez Amadeu. Police confiscated the murder weapon from Jiménez Cruz and are investigating the slaying.


PRFAA LOBBYISTS COST OVER $300K


From El Nuevo Dia:

"The contracts with lobbyists and consultants of the Puerto Rico Federal Affairs Administration (PRFAA) for this semester already exceed US$335,000. That total does not include the contract with lobbying firm Avenue Strategies, headed by the former Donald Trump campaign director, Corey Lewandowski. The contract with Lewandowski’s firm has still not been published on the web page of the Office of the Comptroller and PRFAA has opted for having the details to their agreements with consultants known only through that government office. Up to now, the costliest of the agreements made public is that with lobbying firm Cornerstone Government Affairs, worth US$43,750 per month, for a total of US $175,000 between March and June..."



PUBLIC LANDS COULD BE SOLD TO PAY DEBT


From The San Juan Daily Star:

"The new legal order introduced by the Puerto Rico Oversight, Management and Economic Stability Act (PROMESA) allows the federal Financial Oversight and Management Board to declare invalid state laws designating natural reserves and agricultural lands in order to sell them with the purpose of paying a public debt, which amounts to $70 billion, according to local press reports. This powerful faculty was discussed by the American organization Pinchot Institute for Conservation in its analysis, “Implications for Puerto Rico’s Natural Heritage Under PROMESA,” reported by the online newspaper Dialogue Verde..."


PUERTO RICO PUBLIC DEBT DECREASED IN 2016


From Caribbean Business:

"The government of Puerto Rico’s total public debt—which includes that of the central government, municipalities and public corporations—decreased to $64.254 billion as of June 30, 2016, according to the 2016 Governor’s Economic Report. “In fiscal year 2016, the total gross debt decreased by $1.928 billion or 2.9% when compared to the prior fiscal year’s closing debt, which amounted to $66.182. billion,” the report says. Regarding the economic outlook for fiscal years 2016 and 2017, the report says that during fiscal year 2016 Puerto Rico’s economy registered a real reduction of 1.1% when compared to fiscal year 2015..."


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