Puerto Rico Oversight Board projecting huge long-term surplus - 6:00 AM 11/20/2018 - Puerto Rico Business Review

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PUERTO RICO OVERSIGHT BOARD PROJECTING HUGE LONG-TERM SURPLUS - Google Search
Puerto Rico Oversight Board projecting huge long-term surplus
puerto rico surplus projected - Google Search
4:56 AM 11/20/2018 - Route traced in the renegotiation of debt | Opinion Ruta trazada en la renegociación de la deuda
Ruta trazada en la renegociación de la deuda
Route traced in the renegotiation of debt | Opinion
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PUERTO RICO OVERSIGHT BOARD PROJECTING HUGE LONG-TERM SURPLUS - Google Search
Michael_Novakhov shared this story .
Puerto Rico Oversight Board projecting huge long-term surplus
Michael_Novakhov shared this story from Pasquines. According to the latest report by the Financial Oversight and Management Board for Puerto Rico, the long-term 40 year surplus is projected to ring in at $20 billion-far higher than their forecast on June 29, where they predicted a surplus of $4 billion. This projection is a result of a new plan expecting increased revenue due to cut costs, an influx of disaster aid, consolidated agencies, healthcare reform, and an increased tax revenue. Negotiations are still going on before certifying the new fiscal plan, as the board recently submitted a letter to Governor Ricardo Rosselló on September 19, calling for more spending cuts. This projection bodes well for creditors, hoping to see if some of the surplus money will be returned to bondholders. Coupled with the deals the territory has made with some of its creditors, the price of Puerto Rico’s general-obligation bonds have doubled this year, as the economic outlook of the territory begins to improve. The territory is proceeding with caution before certifying the new plan, however, as last time it certified a fiscal plan, there was an error with a cost of $4 billion. Even with the positive outlook for the new projection, the report emphasizes that “Puerto Rico cannot afford to meet all its contractual debt obligations” and deeply requires a “ restructuring of its debt.” Moreover, the territory’s report claims that much of its economic woes and debt could be alleviated in a political manner, stating that “the most important and critical structural reform for Puerto Rico is a permanent solution to its territorial status. The solution to these inequalities is statehood for Puerto Rico.” This would then “stop outmigration, increase the on-island workforce, and grow Puerto Rico’s economy,” perhaps driving the 40 year surplus of the territory even higher if actualized.
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Michael_Novakhov shared this story from puerto rico surplus projected - Google News. Economists including Stiglitz recommend up to 73% Puerto Rico debt ... MarketWatch-13 hours ago Nobel Prize winning economist Joseph Stiglitz says Puerto Rico's current debt ... Puerto Rico would be forced to create primary fiscal surpluses between 3.5% ... the fiscal plan is projected to generate” may encourage more Puerto Ricans to ... The COFINA Agreement, Part 1: The First 40 Year Plan Eyes on the Ties-13 hours ago The agreement came through the Puerto Rico legislature's recent approval of House ... “In case the available revenues including surplus for any fiscal year are ... to Florida, will continue in the coming years, according to the same projections. Puerto Rico Oversight Board projecting huge long-term surplus Pasquines-15 hours ago According to the latest report by the Financial Oversight and Management Board for Puerto Rico, the long-term 40 year surplus is projected to ring in at $20 ... Trump's tweet on Puerto Rico has not sidetracked its bankruptcy ... Bond Buyer-Nov 16, 2018 WASHINGTON — A senior official of Puerto Rico wants to make it clear that the commonwealth has not and will not intermingle federal disaster aid with debt ... New Puerto Rico fiscal plan OK'd; governor says too… Infosurhoy-Oct 25, 2018 SAN JUAN, Puerto Rico – A federal control board that oversees Puerto Rico's ... surpluses or deficits, but that they will help stimulate the island's economy. ... be submitting proposals to revise the plan, saying the projections it contains are too ... Puerto Rico's fiscal plan raises cautious optimism Bond Buyer-Oct 25, 2018 The Puerto Rico Oversight Board's latest fiscal plan left bond investors and some ... While Tuesday's plan projects a $6.33 billion government surplus would be ... the June 29-approved plan projected an $8.8 billion deficit under the same ... Governor Baker Signs Supplemental Budget Bill, Investing New ... <a href="http://framinghamsource.com" rel="nofollow">framinghamsource.com</a>-Oct 24, 2018 ... a supplemental budget that invests the surplus funds from Fiscal Year 2018 in a ... along with interest and other expected transfers, would bring the projected ... in transitional housing assistance for hurricane evacuees from Puerto Rico ... Puerto Rico Oversight Board throws some cold water on bondholders ... Bond Buyer-Oct 23, 2018 In the long term, the board approved a fiscal plan that projected that any central Puerto Rico government annual surplus available for paying debt will disappear ... Firstpost Puerto Rico's Governor Tweets at Trump: 'I Agree With You' BloombergQuint-Oct 23, 2018 (Bloomberg) -- Donald Trump took to Twitter Tuesday to attack Puerto Rican ... Its latest plan projectedsurprising budget surpluses, in part because of the ... Trump Attacks 'Inept' Puerto Rico Leaders Over Disaster Aid Wall Street Journal-Oct 23, 2018 President Trump attacked Puerto Rico's “inept politicians,” accusing them of trying to ... from last year's hurricanes—a 32% increase over a prior disaster-aid projection. ... surplus available for creditors through 2023, contingent on Puerto Rico ... Firstpost While reiterating Puerto Rico gov't lacks will for reforms, fiscal board ... Caribbean Business-Oct 23, 2018 SAN JUAN – Puerto Rico's Financial Oversight and Management Board ... a cumulative $30 billion surplusuntil 2033, after which it will it will run deficits mostly in ... government revenue has outpaced projections and privatization plans for the ...
4:56 AM 11/20/2018 - Route traced in the renegotiation of debt | Opinion Ruta trazada en la renegociación de la deuda
Michael_Novakhov shared this story from The Puerto Rico Times. Route traced in the renegotiation of debt | Opinion Ruta trazada en la renegociación de la deuda El acuerdo que se concreta entre la Junta Federal de Control Fiscal, el gobierno y grupos de acreedores para llevar a feliz término la renegociación de la deuda de la Corporación del Fondo de Interés Apremiante (Cofina) es un paso… Saved Stories In Brief  Saved Stories - None Michael Novakhov – In My Opinion - Google Search puerto rico times - Google Search THE PUERTO RICO TIMES blog - Google Search Route traced in the renegotiation of debt | Opinion Ruta trazada en la renegociación de la deuda Puerto Rico: una Isla con 78 destinos turísticos Ejemplarizante la pasión de Fernando Cabrera - El Nuevo Dia.com La política mala - El Nuevo Dia.com Cristóbal Colón - El Nuevo Dia.com Think Strategically: Gov. Rosselló 20 Months On Fan Puerto Rico Map Souvenir Hand held Folding Fan Collectible Noticias y Blogs de PR - Review: News / MN Newsletter // November 18 puerto rican food – Google News: 6 Food Books to Connect You to Your Kitchen—and Humanity – WIRED The News and Times of Puerto Rico: Puerto Rico News: el nueva dia opinion – Google News: Acción y resultados para frenar la apatía ciudadana – El Nuevo Dia.com Peru corruption: Former president Alan Garcia seeks asylum News / MN Newsletter // November 18 Puerto Rico News: News / MN Newsletter // November 18 News / MN Newsletter // November 18 Amazon – Nureyev from Michael_Novakhov (5 sites): Amazon.com: Rudolph Nureyev: Books: Rudolph Nureyev, Part 2 of 2 – Scholar’s Choice Edition Norwegian Bliss Is Coming to Miami Puerto Rico Water - Google News: US water security falls short - The Hill Amazon – FBI from Michael_Novakhov (22 sites): Amazon.com: cointelpro: Books: The FBI, COINTELPRO, And Martin Luther King, Jr.: Final Report Of The Select Committee To Study Governmental Operations With Respect To Intelligence Activitie Amazon – FBI from Michael_Novakhov (22 sites): Amazon.com: cointelpro: Books: There’s Something Happening Here: The New Left, the Klan, and FBI Counterintelligence Amazon – FBI from Michael_Novakhov (22 sites): Amazon.com: cointelpro: Books: The COINTELPRO Papers: Documents from the FBI’s Secret Wars Against Dissent in the United States (South End Press Classics Series) News / MN Newsletter // November 18 Feed Integration by RSS Dog.  – Saved Stories  Saved Stories - None Michael Novakhov – In My Opinion - Google Search puerto rico times - Google Search THE PUERTO RICO TIMES blog - Google Search Route traced in the renegotiation of debt | Opinion The agreement that takes shape between the Federal Fiscal Control Board, the government and groups of creditors to successfully complete the renegotiation of the debt of the Fund of Interest-prone (Cofina) is a step in the right direction because it makes sense of urgency to the task of removing from the road to the fiscal consolidation and the economic development of Puerto Rico. This agreement has been reached as a result of working shoulder to shoulder, fundamentally between the fiscal board and the Rossello administration. The credit collapse gestated in the fiscal failures, and that began to worsen after the closure of government and the crisis of governance in 2006, has passed as a country to bitter bill, with an economic depression that adds up to 12 years and a public debt which - with all its aspects, derivatives and multiplier effect - exceeds $ 130,000 million. It can not be an option to shuffle with the issues of debt and, much less, that disagreements and petty wars between sectors delay or hinder the necessary renegotiation. Hence the importance of the endorsement that both the Chamber and the Senate have given to the administration project for the consensual attention of Cofina's debt. Ni el proceso legislativo fue inclusivo ni la medida endosada es perfecta. Pero la realidad es que es extremadamente necesario poner en práctica los mecanismos que sean viables, que hagan posible el destranque en un asunto nuestro tan neurálgico a dos años de creada la ley Promesa. Este proyecto de administración y su aprobación legislativa son un buen ejemplo de lo que se puede lograr cuando la unidad de propósito aflora. La deuda de Cofina, entidad creada en 2006 para emitir obligaciones, se eleva a los $17,600 millones y en mayo de 2017 fue puesta bajo el Título III de la ley Promesa. A un año y tres meses desde su entrada al Título III, trascendió que había un acuerdo entre una parte de los acreedores, el gobierno y la junta fiscal para reestructurar la deuda fuera del proceso de quiebra. En principio eso incluyó a bonistas senior y junior, así como a aseguradoras de deuda. Luego de intensas negociaciones, se logró que se sumara la cantidad requerida de acreedores en el acuerdo para hacerlo viable, lo cual pasó a la certificación de la jueza de distrito federal Laura Taylor Swain, quien preside todo el proceso de quiebra del gobierno de Puerto Rico. El acuerdo provee para una reducción del 32% de la deuda. Con esto, se deberán alcanzar ahorros en torno a unos $17,500 millones correspondientes al servicio de las obligaciones. De igual forma, el arreglo contempla una redistribución de la división de los recaudos producto del Impuesto sobre Ventas y Usos (IVU), lo cual le deja más dinero al Fondo General, con un promedio de $425 millones anuales durante unos 40 años. Falta mucho por recorrer, es cierto. Pero es de esperarse que este importante acuerdo sobre Cofina se convierta —con determinación— en la llave que abra la puerta ancha para conducir al éxito la reestructuración de los demás segmentos de deuda pública del País. Es de esperarse que el acuerdo sea ratificado en el futuro cercano por la jueza Swain. It should also be ensured that after this exercise the future negotiations will take place in better terms for the Island, and that we will be able to take off the straitjacket that holds back economic development and that also slows down the return to bonds markets under fair and beneficial to the people of Puerto Rico. Ruta trazada en la renegociación de la deuda El acuerdo que se concreta entre la Junta Federal de Control Fiscal, el gobierno y grupos de acreedores para llevar a feliz término la renegociación de la deuda de la Corporación del Fondo de Interés Apremiante (Cofina) es un paso… Puerto Rico: una Isla con 78 destinos turísticos Estudios recientes de mercadeo realizados por Discover Puerto Rico, la Organización para el Mercadeo del Destino (DMO, por sus siglas en inglés) revelan que la percepción sobre Puerto Rico de los posibles visitantes es neutral. Afortunadamente, esto indica que el… Ejemplarizante la pasión de Fernando Cabrera - El Nuevo Dia.com El Nuevo Dia.com Ejemplarizante la pasión de Fernando Cabrera El Nuevo <a href="http://Dia.com" rel="nofollow">Dia.com</a> Jamás pudo hacerse justicia en las Mayores, vistiendo el uniforme de tres equipos en siete pedazos de temporadas, lanzando en 132 partidos, compilando marca de 8-7, con efectividad 5.24, pero con 193 ponches en 175.1 entradas, el signo más positivo ... La política mala - El Nuevo Dia.com El Nuevo Dia.com La política mala El Nuevo <a href="http://Dia.com" rel="nofollow">Dia.com</a> ¡Maldita sea la política!, dicen algunos cuando su decepción con los procesos políticos llega a su máximo. Aristóteles, en laantigua Grecia, tenía la intención de fundamentar los principios de la buena administración del poder cuando hizo la obra que ... Cristóbal Colón - El Nuevo Dia.com El Nuevo Dia.com Cristóbal Colón El Nuevo <a href="http://Dia.com" rel="nofollow">Dia.com</a> En 1993, fui Cristóbal Colón por un día, tras participar, junto a estudiantes de mi escuela, en un desfile conmemorativo del quinto centenario del llamado “Descubrimiento de Puerto Rico”. La indumentaria, más de mosquetero que de marinero, lahizo mi ... and more » Think Strategically: Gov. Rosselló 20 Months On Even With Obstacles, Improvements Are Present; On Agenda: Hurricane Relief, Healthcare Parity, Reconstruction Funds Fan Puerto Rico Map Souvenir Hand held Folding Fan Collectible $9.99 Noticias y Blogs de PR - Review: News / MN Newsletter // November 18 November 18, 2018 puerto rican food – Google News: 6 Food Books to Connect You to Your Kitchen—and Humanity – WIRED The News and Times of Puerto Rico: Puerto Rico News: el nueva dia opinion – Google News: Acción y resultados para frenar la apatía ciudadana – El Nuevo Dia.com November 18, 2018 Puerto Rico News  The News and Times of Puerto Rico Peru corruption: Former president Alan Garcia seeks asylum Alan Garcia requested asylum after he was banned from leaving Peru amid corruption allegations. News / MN Newsletter // November 18 November 18, 2018 Puerto Rico News: News / MN Newsletter // November 18 November 18, 2018 Puerto Rico News News / MN Newsletter // November 18
Ruta trazada en la renegociación de la deuda
Michael_Novakhov shared this story from www.elvocero.com - RSS Results in opinion of type article. El acuerdo que se concreta entre la Junta Federal de Control Fiscal, el gobierno y grupos de acreedores para llevar a feliz término la renegociación de la deuda de la Corporación del Fondo de Interés Apremiante (Cofina) es un paso…
Route traced in the renegotiation of debt | Opinion
Michael_Novakhov shared this story from www.elvocero.com - RSS Results in opinion of type article. The agreement that takes shape between the Federal Fiscal Control Board, the government and groups of creditors to successfully complete the renegotiation of the debt of the Fund of Interest-prone (Cofina) is a step in the right direction because it makes sense of urgency to the task of removing from the road to the fiscal consolidation and the economic development of Puerto Rico. This agreement has been reached as a result of working shoulder to shoulder, fundamentally between the fiscal board and the Rossello administration. The credit collapse gestated in the fiscal failures, and that began to worsen after the closure of government and the crisis of governance in 2006, has passed as a country to bitter bill, with an economic depression that adds up to 12 years and a public debt which - with all its aspects, derivatives and multiplier effect - exceeds $ 130,000 million. It can not be an option to shuffle with the issues of debt and, much less, that disagreements and petty wars between sectors delay or hinder the necessary renegotiation. Hence the importance of the endorsement that both the Chamber and the Senate have given to the administration project for the consensual attention of Cofina's debt. Ni el proceso legislativo fue inclusivo ni la medida endosada es perfecta. Pero la realidad es que es extremadamente necesario poner en práctica los mecanismos que sean viables, que hagan posible el destranque en un asunto nuestro tan neurálgico a dos años de creada la ley Promesa. Este proyecto de administración y su aprobación legislativa son un buen ejemplo de lo que se puede lograr cuando la unidad de propósito aflora. La deuda de Cofina, entidad creada en 2006 para emitir obligaciones, se eleva a los $17,600 millones y en mayo de 2017 fue puesta bajo el Título III de la ley Promesa. A un año y tres meses desde su entrada al Título III, trascendió que había un acuerdo entre una parte de los acreedores, el gobierno y la junta fiscal para reestructurar la deuda fuera del proceso de quiebra. En principio eso incluyó a bonistas senior y junior, así como a aseguradoras de deuda. Luego de intensas negociaciones, se logró que se sumara la cantidad requerida de acreedores en el acuerdo para hacerlo viable, lo cual pasó a la certificación de la jueza de distrito federal Laura Taylor Swain, quien preside todo el proceso de quiebra del gobierno de Puerto Rico. El acuerdo provee para una reducción del 32% de la deuda. Con esto, se deberán alcanzar ahorros en torno a unos $17,500 millones correspondientes al servicio de las obligaciones. De igual forma, el arreglo contempla una redistribución de la división de los recaudos producto del Impuesto sobre Ventas y Usos (IVU), lo cual le deja más dinero al Fondo General, con un promedio de $425 millones anuales durante unos 40 años. Falta mucho por recorrer, es cierto. Pero es de esperarse que este importante acuerdo sobre Cofina se convierta —con determinación— en la llave que abra la puerta ancha para conducir al éxito la reestructuración de los demás segmentos de deuda pública del País. Es de esperarse que el acuerdo sea ratificado en el futuro cercano por la jueza Swain. It should also be ensured that after this exercise the future negotiations will take place in better terms for the Island, and that we will be able to take off the straitjacket that holds back economic development and that also slows down the return to bonds markets under fair and beneficial to the people of Puerto Rico.
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Comprehensive immigration reform – Topic Review – 11.17.18 Update | News-Lynx
Michael_Novakhov shared this story from News-Lynx. Comprehensive Immigration Reform In 250 Brief Posts – » comprehensive immigration reform - Google News: This RSS feed URL is deprecated 17/11/18 05:01 from Comprehensive immigration reform from Michael_Novakhov (2 sites) This RSS feed URL is deprecated, please update. New URLs can be found in the footers at <a href="https://news.google.com/news" rel="nofollow">https://news.google.com/news</a> comprehensive immigration reform - Google News