The U.S. response to Christmas bonuses in Puerto Rico

War Against All Puerto Ricans: Revolution and Terror in America’s Colony

 

The government of Puerto Rico recently announced that it will pay $120 million in Christmas bonuses to its workers this year. Wall Street is not happy with this, because just a few days later – on January 1, 2016 – a municipal bond payment of $957 million comes due. The Bloomberg News headline stated it very openly: “Puerto Rico Christmas bonuses pit workers against bondholders.”

http://www.bloomberg.com/news/articles/2015-12-15/puerto-rico-christmas-bonuses-pit-workers-against-bondholders

Christmas Bonus is mandated by Puerto Rican law

Act No. 148 of June 30, 1969 requires all employers in Puerto Rico to pay bonuses to workers who labor more than 700 hours during the prior 12-month qualifying period. This law applies to the government of Puerto Rico, as well.

In other words, if the government of Puerto Rico did not pay Christmas bonuses, it would have broken its own law. This illegal act, would encourage every other employer on the island to break the bonus law, as well.

http://www.hoganlovells.com/files/Publication/8a233ca7-0f09-42d2-bd3a-20097d52be13/Presentation/PublicationAttachment/8751f571-4b37-4bd8-b247-6bb0f1044d54/Cheskin_Ramirez_9_11_06.pdf

This does not matter to Wall Street. They routinely ignore Puerto Rican laws anyway.

And so, the US corporate media are criticizing Puerto Rico, for honoring its own law and distributing the Christmas bonus – because all that Wall Street cares about, is collecting on Puerto Rico’s “debt” to them.

http://www.zerohedge.com/news/2015-12-21/broke-puerto-rico-pays-out-120-million-christmas-bonuses

http://www.bondbuyer.com/news/regionalnews/puerto-rico-is-paying-christmas-bono-1092292-1.html

http://www.bloomberg.com/news/articles/2015-12-15/puerto-rico-christmas-bonuses-pit-workers-against-bondholders

When a Puerto Rican wins the Powerball

Earlier this year, when a Puerto Rican won the Powerball Lottery, the internet lit up with racism.

http://www.latinorebels.com/2015/02/20/when-a-puerto-rican-wins-the-powerball/

http://www.nbcnews.com/news/latino/puerto-rico-powerball-win-draws-offensive-tweets-n305236

http://www.buzzfeed.com/adolfoflores/someone-in-puerto-rico-won-the-powerball-and-people-freaked#.ui9w5J9E0P

The same old arguments and resentments crawled out of the woodwork: that Puerto Ricans had not “earned” this money, that somehow they did not “deserve” what every other US citizen enjoyed on the mainland.

Many of them did not even know, that all Puerto Ricans are US citizens, for the past 98 years.

Others thought that the “Euro” was the currency of Puerto Rico.

The ignorance and animosity was shocking – and it dripped down from every region, and nearly every state, of the USA.

As we enter 2016, and the US prepares a “Financial Control Authority” to rule over Puerto Rico, we should take note of these US “attitudes” and “opinions” toward the Puerto Ricans themselves.

Those attitudes and opinions, will soon be inflicted upon the entire island.

For a history of the War Against All Puerto Ricans, read the book…

War Against All Puerto Ricans: Revolution and Terror in America’s ColonyBuy it Now

Si prefiere ver la página web en español por favor visite: http://www.guerracontratodoslospuertorriquenos.com

 

5 Comments on “The U.S. response to Christmas bonuses in Puerto Rico

  1. Good Afternoon Readers,I was recently informed that if a retailer of the Power Ball in Puerto Rico sells the winning number he or she can not collect on the tip,in other words,Iam exempted because Iam in Puerto Rico,we don’t get any % of the money,so readers,why are we exempted ,and who gets the tip?

    Liked by 1 person

  2. The focus should be on what the USA thinks but belongs more appropriately on what Puerto Ricans think of those who are getting the bonuses. I am sure it includes those who the politicians there have relied on for support. Push for independence and stop giving what others think more value. Stand up for your own thoughts and beliefs and tell the world you want self governance for your own country.

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  3. The one the put us in a mortgage crisis is not happy, the one that shouldn’t be happy is the Tax payers that bail out the very system that put the word in a serous financial trouble that cause the independent business to go belly up or like A.I.G that was bail and gave out bonuses if people do there homework they’ll see how thing are done.

    New Image Remodeling and Paint, L.L.C.

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  4. Reblogged this on It Is What It Is and commented:
    “Scrooge” ….. IT’S THE LAW!!
    Act No. 148 of June 30, 1969 requires all employers in Puerto Rico to pay bonuses to workers who labor more than 700 hours during the prior 12-month qualifying period. This law applies to the government of Puerto Rico, as well.

    Like

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