Search Results for: "Judge Laura Taylor Swain"
Puerto Rico Senators Slam Governor After Court Rejects Labor Reform
Last week a federal judge nullified Puerto Rico’s Labor Reform Law approved only months ago, saying that Gov. Pedro Pierluisi did not provide evidence that the law would not impact the oversight board’s fiscal plan.
Puerto Rico Debt Restructuring Delayed, Again
Debt restructuring efforts for the Puerto Rico Electric Power Authority’s $9 billion debt have come to a new standstill after almost six years of negotiation. Multiple failed attempts to exit bankruptcy have led nowhere.
Teachers Call for Protests on ‘National Anti-LUMA School Day’
Teachers and electrical workers in Puerto Rico are calling for protests outside schools on November 30, the day that LUMA Energy’s contract is set to expire, in hopes that the government cancels the company’s impending 15-year contract.
PREPA Lawyers Forced to File Motions as Puerto Rico Hit by Hurricane Fiona
As Hurricane Fiona bore down on Puerto Rico two weeks ago, the U.S.-imposed fiscal control board and the U.S.-based judge who handles the public electric utility’s debt restructuring deal forced Puerto Rican lawyers to file motions even as the archipelago was experiencing an island-wide blackout.
US Waives Federal Law to Boost Diesel Supply for Puerto Rico
SAN JUAN, Puerto Rico (AP) — The U.S. government announced Wednesday it would temporarily waive a federal law and allow foreign diesel deliveries to Puerto Rico as it faces a dwindling supply of fuel nearly two weeks after Hurricane Fiona pummeled the U.S. territory.
‘We Don’t Want Crumbs’: Thousands of Teachers in Puerto Rico Strike for Fair Pay
On Friday, classrooms across Puerto Rico continued to sit empty as thousands of public school teachers protested at the foot of the Capitolio, home to Puerto Rico’s legislature, and then walked to the governor’s official residence, La Fortaleza, to demand fair pay and pensions.
Act 60 Brings People Into Puerto Rico and Pushes Others Out
“A Puerto Rico without Puerto Ricans” has become almost cliche in talks concerning the current wave of gentrification washing over the islands. It’s a phrase so bold-faced about ridding the island of its native inhabitants that one is tempted to view it as satire, if the message behind it hadn’t become all too real for the people of Puerto Rico over the past decade.
Gentrification, Colonialism and Identity in Puerto Rico (OPINION)
The debate over the gentrification led by an influx of wealthy Americans turns on complicated and contested issues, including housing, taxes, and economic development. But it also begs a much deeper question: whether Puerto Ricans are a nation, or merely the current tenants of a particularly attractive piece of real estate in America’s empire.
Confirmation Hearings for Controversial Debt Plan Begin in Puerto Rico
Inside the Clemente Ruiz Nazario United States Courthouse, Judge Laura Taylor Swain presided over the first day of confirmation hearings for Puerto Rico’s debt adjustment plan. Outside, hundreds of people flooded the courthouse gates to express their repudiation of the plan.
Puerto Rico Gov’t Passes Controversial PC1003 Debt Bill
On Tuesday, October 26, after the majority of protesters had left, the Senate approved PC1003. Gov. Pierluisi signed the debt restructuring bill into law almost immediately after it was passed, calling it “a great step forward to end the bankruptcy and get out from under the Fiscal Oversight and Management Board.”
Puerto Rico Activists in Boston Call on Federal Judge to ‘Keep Wall Street Hands Off Puerto Rico’s Pensions’
Groups demand that contributions to Puerto Rico pensions not be used to pay “illegal” $72B public debt
Puerto Rican Diaspora Activists Demand Federal Judge #CancelTheDebt
Groups rallied as part of day of action asking for elimination of $72 billion public debt.
Power 4 Puerto Rico Statement on COFINA Deal
“The story of PROMESA is the story of deepening poverty in Puerto Rico.”
Groups Opposed to PR Debt Deal Say It Will Only Lead to More Taxes and Austerity
“We refuse to sit back and watch how Wall Street destroys Puerto Rico. Expect more protests and public mobilization to resist this abuse,” said Julio López Varona, The Center for Popular Democracy (CPD).
McKinsey: Puerto Rico Bondholder and Fiscal Board’s Lead Adviser
The world’s largest financial consulting firm leads the operations of Puerto Rico’s federally-appointed Fiscal Control Board, as evidenced by emails obtained by the Center for Investigative Journalism.
Puerto Rico Fiscal Board Fights for Secrecy
Under various justifications, Puerto Rico’s federally appointed Fiscal Control Board fights to keep secret some of its communications with the U.S. government, alleging that its disclosure would affect the island’s economy, financial markets and the ability of the entity to exercise its powers over the local government.
Last in Line in Puerto Rico’s Bankruptcy Fight for Everything
As part of Puerto Rico’s bankruptcy process, two committees represent retirees and unsecured creditors, which include public employees, teachers, government contractors and everyone who has monetary claims against the commonwealth government.
Puerto Rico Government Spends More Than Fiscal Control Board in Bankruptcy Lawyers and Financial Consultants
While the attorneys and consultants of Puerto Rico’s Fiscal Control Board provide restructuring services and financial advice, the government of Puerto Rico depends on its own squad of law firms and advisers, some of them former public officials who took part of the fiscal decision-making that led to the island’s fiscal woes.
Oversight or Dictatorship? The Sociopolitical Reality of Puerto Rico
Help us create a collective conscience on what is happening to the nation of Puerto Rico.
New Colombian President Iván Duque Takes Office Amid Polarization
Thousands gathered at public squares around the country to call for the preservation of the peace deal
‘Right to Know’ Wins Against Puerto Rico’s Fiscal Control Board
A new judicial decision orders to establish deadlines for the production of the documents requested by the Center for Investigative Journalism.