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Wednesday, April 12, 2017

Puerto Rico News Digest For April 12, 2017


UPR MEDICAL CAMPUS GOES ON STRIKE


















From The San Juan Daily Star:

"The University of Puerto Rico (UPR) Medical Sciences Campus (RCM by its Spanish acronym) started a 72-hour strike on Monday that will last through Wednesday, joining the other campuses that are protesting the million-dollar cuts at UPR proposed by the Financial Oversight and Management Board. According to an Inter News Service report, the decision was made during an Extraordinary Student Assembly held at the Jaime Benítez Amphitheater at the RCM in San Juan..."


MORE LOBBYING CONTRACTS SURFACE


From El Nuevo Dia:

"The contracts granted by the Puerto Rico Federal Affairs Administration (PRFAA) with US consultants rose yesterday to $455,000 million, at a time when it was learned that the Puerto Rico Industrial Development Corporation (Pridco) has an independent agreement of up to $250,000 with the lobbying company of democrat Manuel Ortiz. Ortiz himself, very close to governor Ricardo Rossell√≥ and his family, yesterday made public the agreement between Pridco and his lobbying and strategic communications company VantageKnight, which, among other things, assigns it establishing “a constant work relationship” with US president, Donald Trump, and his team..."


MOODY'S DOWNGRADES PUERTO RICO DEBT


From Caribbean Business:

"Moody’s Investors Service has lowered the ratings on debt of the Government Development Bank and five other Puerto Rico issuers with a total of approximately $13 billion outstanding. The commonwealth’s outlook, and the outlooks for seven affiliated obligors linked to the central government, have been revised to negative from developing. The announcement was made in a credit opinion dated April 5. Moody’s downgraded $156 million from the Puerto Rico Industrial Development Co. (Pridco) from Caa3  to Ca; about $4.1 billion from the GDB from Ca to C; and about $3.15 billion from the Employees Retirement System from Ca to C..."


BUFFALO SCHOOLS LOOK FOR TEACHERS IN PR


From The Buffalo News:

"The steady influx of Spanish-speaking students from Puerto Rico into Buffalo classrooms is driving a drastic increase in the population of pupils learning English. Now, school officials hope to convince teachers from the island to follow. Buffalo Public Schools administrators are taking their recruiting efforts to Puerto Rico this week, hoping to solve the pressing demand for bilingual teachers. It's a job category that's difficult to fill because the pool of potential candidates is small and in great demand all over the country..."


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