Puerto Rico News Digest For July 20, 2016

MAN CONVICTED FOR CARJACKINGS AND MURDER

From US Attorney's Office:

Today, Carmelo Velázquez-Aponte a.k.a. “Boty,” was found guilty of four
carjackings, carrying a firearm during and in relation to a crime of violence
(carjacking), and possession of a stolen firearm...According to the testimony
on June 18, 2011, the defendant stole the licensed firearm belonging to Rich-
ardson Mieses-Pimental and his vehicle, and then executed him. After that
event, Velázquez-Aponte committed other carjackings. During his attempt to
escape his arrest on June 20, 2011, he also stole a police officer’s gun and shot
a Police officer. The defendant also stole a police cruiser and engaged in two
other shootouts with police officers, until he was arrested. The defendant fired
the stolen weapons at the police officers..."

PREPA CUTS POWER AT HOUSING PROJECTS

From The San Juan Daily Star:

"In keeping with the eff ort to collect unpaid bills, the Public Housing
Administration (AVP by its Spanish acronym) announced Monday that
during the past week electrical service has been suspended to clients in
public housing projects in the regions of Mayagüez, Arecibo, Caguas
and Ponce. The AVP also announced that more than 30,000 public hou-
sing residents are late in paying their electricity bills. The heavily indeb-
ted Puerto Rico Electric Power Authority (PREPA) said nearly 170 cus-
tomers were affected by Monday’s action..."

UPR PROFESSOR SKEPTICAL OF NALED SPRAYING

From Caribbean Business:


"The Centers for Disease Control (CDC) has exaggerated the risk levels
associated with the Zika virus to justify the aerial spraying of the insecti-
cide Naled over Puerto Rico, a University of Puerto Rico (UPR) profes-
sor said Tuesday. Cruz María Nazario, a professor in the Department of
Epidemiology and Biostatistics at the University of Puerto Rico Medical
Sciences campus, accused the CDC of a lack of scientific rigorousness,
following CDC statements that allegedly overstate the risk for pregnant
women with the Zika virus of having babies with microcephaly. “The le-
vel of risk that has been employed to put fear in communities is wrong,”
said the UPR professor during a press conference in which other academ-
ics and politicians discussed the dangers of Naled, a substance that has
been banned for several years in the European Union..."

PIERLUISI: TASK FORCE CHAIR TO BE NAMED

From News Is My Business:

"Puerto Rico’s Resident Commissioner in Washington, Pedro Pierluisi, said
Tuesday that U.S. House Speaker Paul Ryan could name the lawmaker who
will steer the work of the Puerto Rico Congressional Task Force this week.
With that person in place, the Task Force created by the Puerto Rico Oversi-
ght,  Management and Economic Stability Act (PROMESA) will begin wor-
king in a more formal manner, he said. The eight Congressional lawmakers
who will sit on the Task Force — Pierluisi, Rep. Tom MacArthur (R-NJ),
Rep. Sean Duffy (R-WI), Rep. Nydia Velázquez (D-NY), Sen. Marco Rubio
(R-FL), Sen. Orrin Hatch (R-Utah), Sen. Bob Menéndez (D-NJ), and Sen.
Bill Nelson (D-FL) — were announced last week, and have been communi-
cating informally since, Pierluisi added..."

Puerto Rico News Digest For July 11, 2016

ATHEISTS SUE EDUCATION DEPT OVER RELIGION

From Patheos:

"Ateístas de Puerto Rico has just filed a federal lawsuit against the island’s
Department of Education and several government individuals, claiming that
several schools held Christian religious ceremonies this past March in which
converting students was part of the goal...In one case, non-religious students
were “required to assist [at] the basketball court where the religious service
was being held.” When they didn’t want to participate, their teacher told them
they had to..."

PUERTO RICAN COP INJURED IN DALLAS ATTACK

From AP:

"Ivan Saldana was among the Dallas police officers directing traffic down-
town during the protest when the shots rang out. By Saturday, Saldana was
up walking around his home, recovering from a shrapnel wound to his right
leg. "Everything happened so quickly, but at the same time, everything was
so slow," Saldana, 44, told The Dallas Morning News...Saldana began his po-
lice career with the Guaynabo Police Department in Puerto Rico, where he is
from..."

UPR FIRES WALKER AS PRESIDENT

From The San Juan Daily Star:

"The University of Puerto Rico (UPR) Board of Governors fired President
Uroyoán Walker on Thursday, naming Dr. Celeste Freytes as interim presi-
dent of the institution. Walker was fi red after the board accepted the reco-
mmendations of an investigative subcommittee, which issued a vote of no-
confidence for Walker’s alleged favoritism in the irregular awarding of pre-
sidential scholarships last academic year..."

BERNABE CALLS FOR UNITY TO COMBAT CRISIS

From Caribbean Business:

"The gubernatorial candidate for the Working People’s Party (PPT by its Spa-
nish initials), Rafael Bernabe, on Sunday called for unity between workers and
community pharmacies in order to fight the crisis Puerto Rico is facing. Berna-
be said privatization policies “not only affect workers, but also small-business
people, including community pharmacies"...“Workers’ struggle  for better em-
ployment conditions in [both] the public and private sectors is the  same fight
and has the same enemy as small-business people do,” the candidate said dur-
ing his participation in a forum at the convention of the Puerto Rico Communi-
ty Pharmacies Association at the Ritz-Carlton, San Juan..."

Puerto Rico News Digest For September 21, 2015

CARRAIZO WATER RATIONING ENDS

Alberto Lázaro, the President of Puerto Rico's water utility (AAA), has
announced that due to increases in the water level at the Carraízo reser-
voir, water rationing for users served by Carraízo is ending today, Mon-
day. Residents of Trujillo Alto, Carolina and parts of San Juan, Gurabo
and Canóvanas will no longer have to deal with water cut-offs, although
water pressure will be controlled as a precautionary measure. Starting at
9:00 AM today, service is being reestablished in full for all areas served
by Carraízo. La Plata, the other reservoir that serves the San Juan metro
area, is still under a rationing plan, despite some recent gains in the water
levels. In the Carraízo zones, fines for water misuse are still in effect, and
Lázaro discouraged users from watering lawns or washing cars. He also
indicated that the reservoir has enough water to avoid more rationing for
about three months.

TREASURY: MONEY TO RUN OUT IN 6 WEEKS

From The San Juan Daily Star:

Describing the government as “an old car that doesn’t get good mileage
and is running with barely any gasoline,”Treasury Secretary Juan Zara-
goza said Thursday that in all likelihood, in about one month and a half
government coffers will run out of cash. The situation is such that the
Treasury chief said in a radio interview  that “this a chronicle of a death
foretold.” Zaragoza made his co- mments after the government’s liquidity
problems came into sharper  focus in an analysis drafted by Conway Mac
Kenzie (CM), which sets out that the government will have an overdraft
of $765 million by November.

NSF AWARDS $3.8M TO UPR MEDICAL SCIENCES

From Caribbean Business:

The Medical Sciences Campus of the University of Puerto Rico (UPR) has
received a $3.8 million grant from the National Science Foundation (NSF)
for an international collaboration studying the neural mechanism of deci-
sion-making. The NSF funds are from its Partnerships for International Re-
search and Education (PIRE) program, which supports international activi-
ties across various disciplines. The program's primary goal is to support
projects in which advances in research and education could not occur with-
out international collaboration. PIRE focuses on investment in Science, En-
gineering and Education for Sustainability (SEES) to approach the challenges
of adapting to environmental, social and cultural changes associated with gro-
wth and development of human populations, and attaining a sustainable ener-
gy future, according to the NSF.

KIVA ZIP OFFERS 0% LOANS TO PR BUSINESSES

From News Is My Business:

Entrepreneurs looking to finance their ventures have the opportunity to
borrow from Kiva Zip, a technological platform that connects individuals
and businesses to provide loans at 0 percent interest. “The Foundation
for Puerto Rico, a local organization that works with Kiva.org and promo-
tes the visitor economy as a way to position Puerto Rico as a global des-
tination, has created a seed fund of $ 10,000 to match each dollar loaned
to a local entrepreneur through Kiva Zip,” said Denisse Rodríguez, pro-
gram manager of the Foundation for Puerto Rico. Kiva Zip, program of the
nonprofit Kiva.org, has the purpose of connecting individuals and organi-
zations through the Internet, to grant microloans directly to entreprene-
urs to facilitate and expand their opportunities through the financing of
their business, reduce capital costs and make a positive impact in society.

PREPA AT ODDS WITH INSURERS OVER DEBT

From Bloomberg:

The debt-restructuring agreement Puerto Rico’s main electric utility unvei-
led with great fanfare at the start of the month is turning out to be far from
a done deal. The Puerto Rico Electric Power Authority, known as Prepa,
still needs to come to terms with about two-thirds of creditors, including
bond-insurance companies, or the agreement falls apart. An accord that
keeps the negotiations out of court expires late Friday. All forbearing cre-
ditors except insurer MBIA Inc. are part of that contract, called a forbear-
ance agreement. “They still have to do quite a bit of work,” said Mikhail
Foux, a municipal-debt strategist at Barclays Plc in New York. “They have
only about a third of the people on board. We’re talking about monolines
and bond funds that effectively bought at par.”

Puerto Rico News Digest For March 13, 2015

CUBAN MIGRANTS RESCUED FROM MONITO

Photo: U.S. Coast Guard

From Local 10:

The U.S. Coast Guard rescued eight Cuban migrants from Monito Island,
Puerto Rico Wednesday afternoon, following a two-day rescue effort in the
Mona Passage. Authorities said the seven men and woman were spotted
Tuesday afternoon by a Coast Guard  pilot who was on a routine patrol
in the Mona Passage. Authorities said the group was stranded at the
bottom of a 150-foot  cliff of the uninhabited island, which is a natural
reserve and serves as a bird habitat.

DUTCH TRAVELER KILLED IN HIT AND RUN

Globetrotter and sailor Laurens Higler, age 26, was killed this
morning on Road 3 in Guayama after being struck by a car. The
driver fled the scene after the incident.  The deceased, who was
from Holland, was stopping off in Puerto Rico during his travels
around the globe.  Police have stated that they have recovered
physical evidence which could lead them to the driver who struck
Higler.

GOVERNOR DEFENDS IVA TV MESSAGE

From The San Juan Daily Star:

Gov. Alejandro García Padilla on Wednesday defended his most recent
pre-recorded televised message, in which he justified his proposed tax
reform and the 16 percent value added tax. “What this message was
about, at the end of the day, is to be  able to speak to people directly,
and there is a public purpose that is priceless,” García Padilla said in
TV interview. “We are talking about a profound transformation and
all transformations convey resistances.”

EIGHT MURDER VICTIMS IN LESS THAN A WEEK

As reported today by El Vocero, eight people were killed -- mostly in
shootings -- between Tuesday afternoon and early Friday morning.
The incidents were reported in Hato Rey, Santurce, Yabucoa, Bayamón
and San Lorenzo. This week's murders bring the total for the month to
20, five more than at this time last year. So far, 103 violent deaths have
been registered in Puerto Rico, 27 less than last year.

MOODY'S DOWNGRADES UPR BONDS

From Caribbean Business:

Moody's Investors Service said it downgraded $489 million of  University
of Puerto Rico University system revenue bonds to  Caa2 from Caa1 and
$73 million of educational facilities revenue bonds, 2000 Series A issued
through AFICA to Caa3 from Caa2. The outlook is negative.

The rating differential between the university system revenue bonds and
the educational facilities revenue bonds reflects the subordinate pledge
and lease structure of the educational facilities revenue bonds.

DORAL BANK GOES TO CHAPTER 11 BANKRUPTCY

From Reuters:

Doral Financial Corp filed for Chapter 11 bankruptcy protection  on
Wednesday to wind down its remaining operations two weeks after its
Puerto Rico-based bank subsidiary was seized by regulators. Doral
Financial's bankruptcy is the latest reminder of the financial crisis on
the island, a U.S. commonwealth, which has been mired for years in
an economic slump. The bank has also been dogged by accounting
problems and an employee was recently indicted for money laundering.



For the latest headlines, follow our Twitter feed: @ThePRMonitor