Puerto Rico will enact deep fiscal cuts after default

Significance The missed payment marks the island’s second default of 2017 after missing payments in January. The federal fiscal control board imposed by the US Congress has given the indebted Puerto Rican government until February 28 to formulate new budget proposals for the next two years and a ten-year fiscal plan. The control board also extended a temporary stay on creditor litigation to May 1. Impacts A public health or migration crisis involving Puerto Rico’s US citizens would present the White House with political difficulties. Holders of bonds from the highly indebted US Virgin Islands will watch congressional action on Puerto Rico closely. Cuts to employee benefits and tuition increases at the University of Puerto Rico are likely to spark protests.

2015 ◽  
Vol 3 ◽  
pp. 242-255 ◽  
Author(s):  
Katherine E. Wirt ◽  
Pamela Hallock ◽  
David Palandro ◽  
Kathleen Semon Lunz

2008 ◽  
pp. 263-302 ◽  
Author(s):  
Dennis K. Hubbard ◽  
Randolph B. Burke ◽  
Ivan P. Gill ◽  
Wilson R. Ramirez ◽  
Clark Sherman

Significance Puerto Rico is facing a severe fiscal crunch; its general obligation bonds are rated junk status and the government has said that a 2.9 billion dollar bond issuance -- at risk because of the congressional vote -- is required to prevent a shutdown in the next three months. Impacts There is little-to-no prospect of Puerto Rican statehood while Republicans control the US Congress. Puerto Rico would gain five representatives and two senators, likely to vote Democratic. However, this may encourage some Republicans to back federal intervention on debt, to ward off calls for statehood.


Subject Outlook for US policy engagement with Myanmar as the US presidential transition nears. Significance The White House is preparing to lift most remaining US sanctions on Myanmar, after President Barack Obama's September 14 announcement to this effect when he met Myanmar State Counsellor Aung San Suu Kyi. Washington will also restore Myanmar's access to the US Generalized System of Preferences (GSP) because of recent improvements in labour rights. Supporting Myanmar's democratic 'transition' has been a key Obama policy and the president is attempting to fix progress before his successor takes office in January 2017. Impacts Myanmar's government will deepen ties with Beijing, but not necessarily to the extent of eclipsing US ties. The Rohingya issue will still cause some friction in Myanmar-US ties. Policy gaps and delays on Myanmar between the US Congress and next president may expand.


Zootaxa ◽  
2003 ◽  
Vol 379 (1) ◽  
pp. 1 ◽  
Author(s):  
AMAZONAS C. JUNIOR ◽  
ROWLAND M. SHELLEY

In Mexico, the newportiine scolopocryptopid genus Newportia Gervais, 1847, comprises 10 species: N. mexicana (Saussure, 1858); N. azteca Humbert & Saussure, 1869; N. stolli (Pocock, 1896); N. spinipes Pocock, 1896; N. oreina Chamberlin, 1915; N. sabina and pelaezi, both by Chamberlin, 1942; N. atoyaca and morela, both by Chamberlin, 1943, and N. troglobia, n. sp. The last occurs in caves in Tamaulipas and appears to be an obligate troglobite; N. sabina, known only from caves in San Luis Potosi, is redescribed and illustrated. Newportia azteca is revived and returned to its rightful position as the third oldest name in the genus; despite having priority by 27 years, it had been considered to be “the same” as N. spinipes and dropped from nomenclature. Although Newportia and the Newportiinae are not known from the continental United States, they do inhabit the country’s territories in the Caribbean; N. heteropoda Chamberlin, 1918, is reported from Puerto Rico, and N. longitarsis virginiensis Lewis, 1989, is recorded from St. Thomas and St. Croix, US Virgin Islands, and Tortola and Virgin Gorda, British Virgin Islands. The northernmost Mexican record, of N. pelaezi in Nuevo León, is only 96 mi (154 km) south of the US border, suggesting that the taxa may potentially be discovered in the southern periphery of Texas; likewise, rafting from Cuba, where 4–5 species occur, could bring them to the Florida Keys. New localities from Mexico are presented for N. stolli, N. spinipes, N. oreina, N. atoyaca, and N. morela, and ranges are depicted on a distribution map.


2020 ◽  
Author(s):  
Eduardo A. Ventosa-Febles ◽  
Pedro Acevedo-Rodriguez

Abstract Cordia dentata is an evergreen tree native to the Americas, from Mexico to the north of South America, including a number of Caribbean islands. It is grown as an ornamental, and cultivated for fruit and wood. It has been introduced in Puerto Rico, the US Virgin Islands and the Cayman Islands. Because it can grow on poor soils it is used for reforestation of denuded areas. It has not been reported as invasive within or outside its native range, but its ability to colonize infertile, disturbed areas may allow it to become invasive in the right conditions.


Significance Cuba is working on many fronts to advance its international insertion after the breakthrough restoration of diplomatic ties with the United States. However, progress is gradual and uneven. A first agreement on Cuba's debt has been reached with the Paris Club, underscoring Cuba's interest in regaining access to financial markets. The Latin American Development Bank (CAF) is the first international financial institution to engage with Cuba, but broader cooperation still faces difficulties. Impacts The popular pope's visit will strengthen the Church's political position as Cuba's most important non-state institution. It will also add to pressure on the US Congress from the White House to lift sanctions. Cooperation with CAF and other bodies will require Cuba to supply transparent and comprehensive economic data -- mostly still lacking. Economic reform is likely to see major new liberalisation measures before the Communist Party congress scheduled for April 2016.


Significance With Republicans retaining their House and Senate majorities too, Trump is in a position to take unilateral action via his powers as chief executive, battle with Republican leaders and the Democratic minority to set the legislative agenda, challenge his political adversaries for leadership of the party, and define Washington's global role for the next four years as commander-in-chief. However, investors, foreign capitals, corporates and the US public uncertainly await further clarification of the unorthodox candidate's policy programme after discounting his electoral viability and campaign promises. Impacts Senate Democrats under probable Minority Leader Chuck Schumer are likely to adopt a confrontational stance against the White House. Election-related market volatility may slow the pace of US interest rate rises next year. Further US disengagement from the Syrian civil war is likely, to the benefit of President Bashar al-Assad. Puerto Rico Governor-elect Ricky Rossello is unlikely to find allies in Washington for his pro-statehood agenda.


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