Greece: An example for P.R. to follow rather than fear?
July 22, 2016
WASHINGTON — In the past 12 months, it’s become fashionable to equate Puerto Rico’s fiscal meltdown with the recent Greek tragedy in which a proud nation of 11 million inhabitants nearly got kicked out of the 28-member European Union.
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P.R.’s Comprehensive Cancer Center nears completion
July 21, 2016
The construction of the University of Puerto Rico’s Comprehensive Cancer Center Hospital is nearing the home stretch, with more than 85 percent of it already completed and a target end date of October.
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Medical cannabis regulation changes create new picture
July 19, 2016
The new regulations for medical cannabis recently adopted by the Puerto Rico Department of Health set more flexible ownership requirements for all cannabis establishments, create new licenses for cannabis transportation, storage and distribution while opening new opportunities for the growing medical tourism sector.
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3 P.R. co.’s busted for falsely declaring small biz status
July 18, 2016
Constructora Santiago II, Corp., Centro Cardiovascular and Hospital Del Maestro have agreed to pay $132,000, collectively, to the United States to resolve allegations that each falsely certified to the Nuclear Regulatory Commission that it was a small business entity to pay reduced nuclear material handling fees.
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GREY P.R. launches ‘Shopper Marketing’ business unit
July 14, 2016
GREY Puerto Rico just launched GREY Shopper, a specialized business unit for Shopper Marketing, a practice that focuses on developing experiences to bring brands and shoppers together.
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P.R. legal-assistance firm gets $11.8M in BofA settlement
July 6, 2016
The Fundación Fondo Acceso a la Justicia Inc., a legal-assistance organization based in Guaynabo, is receiving more than $11.8 million from a Bank of America mortgage settlement with the U.S. Department of Justice and six states, said Eric D. Green, independent monitor of the Aug. 2014 case.
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WOSO founder Augie Cavallaro, II, dies at 85
June 24, 2016
Augustine "Augie" L. Cavallaro II, founder of WOSO Radio in San Juan, died on June 11, 2016 in West Palm Beach, Florida after a long battle with cancer. He was 85.
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Public health program kicks off to respond to fiscal crisis
June 23, 2016
This week marked the start of the “Advancing Public Health Leadership in Times of Crisis Program,” which will be conducted through the summer to equip public health leaders with tools respond to Puerto Rico’s on-going fiscal, economic and social crisis, organizers said.
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700K+ children, youth live in high-poverty areas in P.R.
June 22, 2016
Children and youth in Puerto Rico continue to live in families facing enormous economic challenges, with some 84 percent residing in areas of extreme poverty and the parents of more than half lacking full-time, year-round employment.
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General Contractors blast Senate for pulling PRASA bill
June 21, 2016
The Associated General Contractors of America, Puerto Rico Chapter (AGC-PR) on Monday blasted Senate President Eduardo Bhatia for withdrawing the Puerto Rico Aqueduct Authority Revitalization Act, saying holding off on its approval “is an attack on the island’s welfare and the future of the construction industry.”
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Bond insurer files complaint against Moratorium Act
June 16, 2016
National Public Finance Guarantee Corporation, an indirect subsidiary of MBIA Inc., filed a complaint Wednesday challenging the Puerto Rico Emergency Moratorium and Financial Rehabilitation Act, asking the court to invalidate it.
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CNE, Columbia University propose new industrial policy
June 16, 2016
The Center for a New Economy unveiled Wednesday a joint report prepared with the Initiative for Policy Dialogue at Columbia University in New York, which analyzes key components for a new industrial policy for Puerto Rico.
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Puerto Rico to host 1st international cannabis conference
June 16, 2016
Puerto Rico will host its first official international cannabis conference on June 28-29, becoming only the fourth jurisdiction in Latin America to enter into the cannabis trade.
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Backyard Bondholders hosting forum on June 27
June 15, 2016
Backyard Bondholders Inc. will host its first major forum on June 27 featuring a series of conferences focusing on how Puerto Rico’s fiscal crisis is directly affecting more than 60,000 island residents holding bonds representing some $15 billion in public debt.
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Private sector balks at PREPA’s planned rate hikes
May 27, 2016
Puerto Rico’s private sector, represented by more than 20 organizations, on Thursday banded together to reject the proposed energy rate increases unveiled by the Puerto Rico Electric Power Authority this week.
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