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Mar 12 2024
News
Puerto Rico Power Authority’s Planned ‘Turbo’ Bonds Seen as Blueprint for Utilities
The debt-restructuring plan put forward by Puerto Rico’s bankrupt power authority includes a type of financing common among tobacco-settlement debt that may serve as a blueprint for other utilities seeking to raise money to meet capital needs.
Known as “turbo bonds,” the debt — backed by a dedicated charge and a fee on customers’ monthly bills — has the potential to be repaid in full
BloombergMar 22 2024
News
Puerto Rico isn’t on the 2024 map, but Biden is betting big on voters from the island
SAN JUAN, P.R — Puerto Ricans on the island can’t vote for president this November. But voters who are from the U.S. territory are becoming a major priority for Joe Biden’s campaign. Trading in chilly Washington for tropical temperatures, Vice President Kamala Harris landed in Puerto Rico Friday for her first official visit to Puerto Rico since taking office, touting the Biden administration’s
NBC News (Online)Mar 29 2024
News
American tourist dies, U.S. Marine missing in separate incidents off Puerto Rico coast
The U.S. Coast Guard said Thursday it is searching for a U.S. Marine who went swimming in high surf off Puerto Rico's northeast coast while on vacation, while another American tourist died in a separate incident in the dangerous surf. Officials identified the missing Marine as 26-year-old Samuel Wanjiru from Massachusetts and said he was visiting the island with his family. He went missing
CBS News (Online)Mar 28 2024
News
US Coast Guard searching for Marine who went missing off Puerto Rico beach
Samuel Wanjiru was in distress while swimming in high surf, authorities said. US Coast Guard searching for Marine who went missing off Puerto Rico beach A search is underway for a U.S. Marine who disappeared while swimming at a Puerto Rico beach during a high surf advisory, the U.S. Coast Guard said. Samuel Wanjiru, 26, "came into distress" after going into the water Wednesday afternoon in the
ABC News (Online)Feb 23 2024
News
Cranston Man Sentenced For Trafficking Cocaine From Puerto Rico To RI
CRANSTON, RI — A Cranston man was sentenced to two years in federal prison for his role in trafficking more than 100 kilograms of cocaine into Rhode Island from Puerto Rico, U.S. Attorney Zachary Cunha said Thursday. Hector Rios was sentenced after pleading guilty on May 9, 2023, to conspiracy to possess with the intent to distribute cocaine. After his prison sentence, Rios must serve three
Patch.comApr 04 2024
News
Puerto Rico’s biggest port starts $62M dredge project expected to deliver $400M economic boost
A $62 million project to dredge Puerto Rico’s biggest and most important seaport began Wednesday amid fierce opposition from environmentalists and a pending lawsuit. Crews with California-based Curtin Maritime will remove nearly 3 million cubic yards (76 million cubic feet) of marine floor to open the San Juan Bay to larger vessels including tankers that will serve a new liquid natural gas
FortuneMar 06 2024
News
Report: Prime Minister Henry Stuck in Puerto Rico as Gangs Control Haiti
Haitian Prime Minister Ariel Henry surfaced in Puerto Rico on Tuesday, having disappeared from public view after his meeting in Kenya on Friday with President William Ruto to secure a pledge for police intervention. Henry is reportedly unable to return to Haiti because the security situation has deteriorated so dramatically in his absence. Haiti’s Le Nouvelliste on Tuesday cited sources that
Breitbart NewsMar 05 2024
News
Brazilian Martini and Chilean Gras-Thompson Win IRONMAN 70.3 Puerto Rico
The IRONMAN 70.3 in Puerto Rico crowned Brazilian Matheus Martini and Chilean Beni Gras-Thompson as champions. The event had 907 athletes from 23 countries participating. Martini finished with a time of 4:04:46, followed by Puerto Rican Javier Figueroa and American Kiel Bur. In the women’s division, Gras-Thompson finished first with a time of 4:43:08, followed by Dominican Brenda Schaupp and
Alaska CommonsMar 12 2024
News
Coffee brand estate for sale transports folks to ‘bygone era in Puerto Rico.’ See it
An enchanting property with historical significance has landed on the real estate market in Puerto Rico for $16 million. It’s a breathtaking coffee farm — complete with the capability to produce its own electricity — and people on a popular social media page are charmed. “Enriched in history and grand cultural significance, this renowned estate with a premier coffee brand was founded in 1830
The Sun NewsMar 10 2024
News
Brice Garnett wins Puerto Rico Open in playoff to regain PGA Tour status
RIO GRANDE, Puerto Rico — Brice Garnett holed a 15-foot birdie putt on the fourth playoff hole Sunday to win the Puerto Rico Open in his first tournament of the year, sending him to The Players Championship next week and giving him PGA Tour status for the next three years. Garnett closed with a 3-under 69 at Grand Reserve Golf Club, getting back in the game with consecutive birdies on the 13th
Washington Post