P.Rico's goverment runs out of money (Agreement Reached)

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Janice
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#21 Postby Janice » Wed May 03, 2006 4:34 pm

Yes, they are having a meeting tonight for all who want to participate.
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#22 Postby Janice » Thu May 04, 2006 7:51 am

Well, the president of our university here has done the job for it's students and professors, etc.

So, they will get to finish the term and get their grades.

UPR: Semester will end as intended
SAN JUAN (EFE) – University of Puerto Rico (UPR) President Antonio García Padilla, on Tuesday announced that the fiscal measures adopted by the institution will allow the university to continue operations for the rest of the academic calendar.

In a letter sent to the campus community, García Padilla said that thanks to the institution’s financial discipline, the UPR will be able to manage despite state allotment delays.

He said the UPR resources will guarantee institutional operations until the end of May, with obvious restrictions, given the current circumstances.

García Padilla also said final exams and grades will be administered as agreed at the beginning of the semester.
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#23 Postby msbee » Thu May 04, 2006 8:58 am

Luis
any news this morning?
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#24 Postby Janice » Thu May 04, 2006 9:08 am

Here is the website with all updated news. They add new news every day. Make sure you read all the articles on the right side too. You will have to hit the news or refresh to update.

http://www.prwow.com/html/GeneralNews.asp
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#25 Postby msbee » Thu May 04, 2006 1:59 pm

thanks Janice
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#26 Postby cycloneye » Thu May 04, 2006 4:13 pm

More meetings are going on today.More protests are going on in front of the Capitol,the Governors Mansion and in other parts of the island.I hope that this weekend all is resolved because if not then next week a general strike will start.
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#27 Postby furluvcats » Thu May 04, 2006 4:37 pm

Great for the university...thats a relief to students and staff I'm sure...Hoping this is all resolved quickly for you guys in PR...hugs..
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#28 Postby Stephanie » Thu May 04, 2006 7:48 pm

I'm glad that the university is able to finish out the semester.
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#29 Postby Matt-hurricanewatcher » Fri May 05, 2006 12:31 am

So this is not a depression? Shouldn't the US bail you out since your a terr??? We do it with farmers and airplane makers.

Also La got tens of billions after Katrina?
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#30 Postby Janice » Fri May 05, 2006 6:41 am

Well, our Governor this morning is considering a lower 5.? sales tax, so maybe today will be a good day.
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#31 Postby cycloneye » Fri May 05, 2006 8:28 am

I am optimistic that today will be the day all is resolved as secret meetings between the tresury secretary,the speaker of the house,the senate president,private people,union leaders haved been going overnight and this morning.I really hope that when this day is out or sooner all is resolved.
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#32 Postby Janice » Fri May 05, 2006 11:08 am

Protests at Capitol continue for fifth day

SAN JUAN (EFE) – The calls for a solution to the fiscal crisis continued Friday for a fifth consecutive day at the Capitol, but this time with a significant presence of teachers.

In the morning, the Puerto Rico Teachers Federation protested on the south side of the Capitol, while the Puerto Rico Teachers Association protested on the north side, where the tents of the different union groups and the Popular Democratic Party mayors are located.

But in the midst of the calls for a solution to the fiscal crisis, the teachers celebrated Teacher’s Day, with music and signs.

Teachers Association President Aida Díaz said they are demanding that the Legislature and the governor "arrive now at a decision" that allows the education professionals to return to the classroom Monday, after five days of a partial government closing.

"For five days, we have been on the streets at the expense of unemployment and the Nutritional Assistance Program. The situation for the teachers is exasperating and in certain measure, humiliating," Díaz said.

Teachers Federation President Rafael Feliciano said they demand the return of teachers to the classroom Monday.

"Let’s start classes. . . [and] pay us," Feliciano said.

He also demanded the pay of the current week, since the Education Department was the one of the agencies that closed completely. He said he would be willing to go to court to demand the payment.
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#33 Postby Janice » Fri May 05, 2006 12:46 pm

This is not good news. This is one indication they better settle things right away.

Colombian investors change mind about Puerto Rico

By Melissa B. González Valentín
Of PRWOW News

The image of political and economic stability that Puerto Rico has projected to Latin America over the years is on the rocks, and the ripples of recent protests and political disputes have started to show, at least in the eyes of Colombian General Consul Clara Pardo.

In an interview with PRWOW News, Pardo said a group of Colombian investors who had been invited by the Puerto Rico government to look at opportunities for investment on the island decided to postpone any further discussion on the matter until the budget crisis on the island subsides. The group of investors belonged to an engineering company that was looking to participate in a bidding process for a development program of the Puerto Rico Aqueduct & Sewer Authority.

“The perception of the island can’t possibly be the same. I watch the news and see nearly 100,000 people out of a job. That creates social unrest,” said Pardo, hoping that the political and economic crisis ends soon.

Lucía Soto, vice consul of Bolivia in Puerto Rico, and Mexican General Consul on the island, Roberto Rodríguez, shared Pardo’s wish for a prompt solution.

“We, as outside observers, believe that every evil has its good. Despite all the controversy, I believe a lot of good will come out of this in terms of Puerto Ricans redefining and understanding who their leaders are,” Soto told PRWOW News.

Soto, who represents a country whose president Evo Morales nationalized Bolivia’s oil and gas industries, doesn’t see Puerto Rico’s political and economic situation inching closer to a deeper social-class division similar to the one seen in Latin America.

“Over here [on the island], there are federal and municipal aids. Even low-income families can afford certain ‘luxuries,’ so, no, I don’t think it is the same for Puerto Rico as it is in Latin America,” Soto said.

As for the General Consul of Mexico, the situation in Puerto Rico is a common occurrence in a democratic society, especially when opposing parties control different government branches.

“This is obviously a product of democracy. It’s happening around the world. It happens in Mexico, and that’s why we haven’t been able to make the necessary changes to further develop our country,” said Rodríguez, who also believes it is clear that the current deficit is the result of the excessive spending of past administrations. “They should spend less without affecting social projects.”
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#34 Postby cycloneye » Fri May 05, 2006 4:50 pm

Also news came this afternoon that the credit for Puerto Rico will be cut by Moodys and also by Standard and Poors that if that occurs it will be devastating for Puerto Rico.
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#35 Postby MiamiensisWx » Fri May 05, 2006 6:04 pm

Unfortunately, it does not look that good. If that occurs, Luis, couldn't several things begin to unravel for Puerto Rico and spiral down in negative ways?
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#36 Postby cycloneye » Fri May 05, 2006 6:28 pm

The union leaders said this evening that if the shutdown continues this weekend then on tuesday a general strike will start.I hope that all is resolved this weekend because I dont want to see that general strike.
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#37 Postby Stephanie » Fri May 05, 2006 9:13 pm

That's ashame Luis. I'm sure that many from Puerto Rico that are living in the US are worried about their families and friends right now. I hope it turns around this weekend.
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#38 Postby cycloneye » Sat May 06, 2006 7:00 am

Nothing new overnight about a deal to end the shutdown.Today there will be more meetings so we will see what will occur.Meanwhile the clock is ticking towards a degradation of the credit for Puerto Rico and for a general strike to occur.
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#39 Postby Janice » Sat May 06, 2006 9:10 am

Local workers ask tourists for support

By Melissa B. González Valentín
Of PRWOW News

The displeasure over the partial government closing reached the terminals of the Luis Muñoz Marín International Airport on Friday when members of the Puerto Rico United Public Workers union gathered at several exit doors to greet tourists with flyers and bright orange-colored stickers asking for their support to “Stop the Lockout!”

The flyers, written in English and Spanish, said government employees were sorry for any inconveniences created by the affection and restlessness that permeates the island due to “the unjust and unprecedented central government shutdown, which has displaced over 95,000 public servants.”

“Thanks for choosing Puerto Rico as your tourist destination. Join us in repudiating the central government shutdown,” read the flyer.

For nearly an hour, PRWOW News was able to see the reaction of tourists who, although polite enough to take the flyers, were way too focused on their own schedules to even ask what was it about. In fact, stickers could be seen on the parking lot floor.

Manuel Melendez Lavandero, director of the union’s labor education division, told PRWOW News he didn’t believe the flyers and stickers would hurt Puerto Rico’s image as a tourist destination.

“It shouldn’t create a negative image. If it does, that will be up to the legislators and governor to work together and avoid this sort of thing. We’re not blackmailing the government. We’re just saying that they are responsible for what’s happening in Puerto Rico,” said Meléndez Lavandero.

Puerto Rico Tourism Co. Executive Director Terestella González Denton admitted that she has been concerned about the impact that the impasse over the government budget couple with on-going protests could have on the island’s tourism industry.

However, the Tourism chief told PRWOW News in a written statement that she has implemented a plan to ensure that visitors keep informed of the latest developments on the Island and reassure them that their stay won’t be interrupted by the unrest.

“As of today there have been no major cancellations of groups, conventions, or visitors to the island. That’s why we are convinced that Puerto Rico will remain an attractive destination in the Caribbean,” González Denton said.

Nevertheless, Tourism Co. press officials said they expect to have precise information on the recent occupancy rate on hotels some time this weekend to see how it might have been affected by the partial closing that came into effect Monday.
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#40 Postby cycloneye » Sat May 06, 2006 6:51 pm

No progress was made on Saturday.Still many meetings are going on between all the different parties as they are trying to reach an agreement.Still the general strike looms for tuesday.
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