The government of Puerto Rico prepares to sell…Puerto Rico

    Last week, Gov. Garcia Padilla ordered the sale of more than 350 school buildings throughout Puerto Rico. He did this though an “executive order” that was not disclosed for six days…then quietly announced on Black Friday,… Read More

Financial Control Board sinks its teeth into Puerto Rico

  The US Financial Control Board (FCB) has announced that NO government agency in Puerto Rico may enter ANY transaction, without the prior approval of the FCB.  In other words…the entire insular government, and the entire public economy,… Read More

PROMESA will begin the “fiscal stabilization and eventual rebound” for Puerto Rico’s economy, says Somos El Futuro

  The PROMESA bill and its Financial Control Board are widely opposed in Puerto Rico. Over fifty organizations – including union leaders, university professors, community and environmental activists, artists, students and lawyers – formed an island-wide coalition against… Read More

Financial Control Board takes over the economy of Puerto Rico

The first meeting of the US Financial Control Board over Puerto Rico (FCB) lasted only 30 minutes. But this was enough time for the FCB to take over the island’s entire economy.   The FCB declared its jurisdiction over… Read More

FBI arrests 10 in Puerto Rico political corruption case…hedge funds and U.S. Congress prepare to celebrate.

  Yesterday…Dec. 3, 2015…the FBI arrested 10 Puerto Rico government officials and businessmen in a widespread corruption probe. The 25-count indictment includes extortion, money laundering, wire fraud, and federal program bribery. For the past four years, the 10… Read More