Marine Diver. The San Juan Daily Star. February 12-14, Self-winding movement. Water-resistant to 300m.

Size: px
Start display at page:

Download "Marine Diver. The San Juan Daily Star. February 12-14, 2016. Self-winding movement. Water-resistant to 300m."

Transcription

1 2 February 12-14, 2016 Marine Diver Self-winding movement. Water-resistant to 300m. 18 ct rose gold case. Also available in stainless steel. U LY S S E - N A R D I N. C O M

2 GOOD MORNING, the only paper with 3 February 12-14, 2016 News Service in English in Puerto Rico, publishes 7 days a week, with a Monday, Tuesday, Wednesday and Thursday edi on, along with a Weekend Edi on to cover Friday, Saturday and Sunday. EDITOR S NOTE: So that our employees can enjoy the holiday weekend, the STAR will not publish on Monday, Feb. 15, Presidents Day. Reacting to Letter, Governor Says US Sen. Hatch Siding with Creditors Local Mainland Business Interna onal Viewpoint Entertainment INDEX No cias en Español Legal No ces Sports Games Horoscope Cartoons By JOHN MCPHAUL jpmcphaul@gmail.com Orrin Hatch Gov. Alejandro García Padilla said Thursday that Utah Republican Sen. Orrin Hatch was taking the side of island creditors in a letter the senator sent the governor a day earlier requesting a laundry list of information on Puerto Rico s finances. This argument that information is lacking is one that the creditors are making about the government of Puerto Rico s capacity to pay, García Padilla said. He said the argument that Puerto Rico hasn t provided enough information is an argument in favor of congressional action and is therefore an excuse. The governor said several reports on Puerto Rico s finances have already been made, including a report by a former economist for the International Monetary Fund. They have more information on the finances of Puerto Rico than ever in history, García Padilla said. The governor challenged Hatch s assertion that Puerto Rico is experiencing a transparency challenge. The only thing that is not transparent here is the will of the Republicans to legislate in favor of Puerto Rico, the governor said. In his letter, Hatch requested that the information he was seeking be delivered to him by March 1. García Padilla said he would produce the information as soon as possible. Hatch, who chairs the powerful Senate Finance Committee, said that all told, debts and unfunded public pension liabilities total $117 billion or more. A broad restructuring authority for debts associated with municipalities encompassing such a large amount of total liabilities would be unprecedented in the history of bankruptcy proceedings applied to municipalities, Hatch said. Unfortunately, it has been challenging to acquire recent verifiable financial information about Puerto Rico s financial condition. The senator said Puerto Rico has a large stock of severely underfunded public pension promises. Consequently, I am writing to obtain information that will prove useful to Congress and other stakeholders as we continue to work to find measures to assist the people of Puerto Rico as the government of Puerto Rico continues to face financial and transparency challenges, Hatch said. The veteran senator proceeded to list a series of questions and requests concerning Puerto Rico s financial state, including whether the governor agreed that Puerto Rico s general obligation (GO) debt, according to the Puerto Rico Constitution, has repayment priority over any other debt repayment. He also requested updated financial statements, including copies of all reportable event notices provided to the Municipal Securities Rulemaking Board (MSRB); asked how many units associated with the government of Puerto Rico have authority to issue debt sold to investors on a tax-free basis, and what the amount of annual debt service payable by each of those units is, listed individually; asked if cost and expenditure controls of Commonwealth agencies have been improved recently; and included a list of questions about the Puerto Rican government s public sector pension system. In a recent Senate Finance Committee hearing the senator voiced skepticism over the restructuring authority sought by the Obama administration on behalf of the commonwealth. I do not believe the [Obama] administration has been straightforward about the nature of the debtrestructuring authority it is seeking for the territory, Hatch said, according to Washington, D.C. newspaper The Hill. Hatch said the restructuring authority sought by the administration would be unprecedented and that he was concerned that though Puerto Rico s Constitution requires payment of the GO debt first, the Obama administration s proposal would give priority to pension funds over bondholders. Treasury Secretary Jack Lew, the only witness at the hearing, said that if Puerto Rico is not allowed to restructure its debt, it will have decades of litigation with bondholders. You ll have a lost decade, Lew said, according to press reports. Sen. Bob Menéndez (D-N.J.) said the only reason Puerto Rico s debt crisis has been politicized is because hedge funds want to maximize their profits.

3 4 February 12-14, 2016 Governor Lauds Senate Passage of PREPA Restructuring Bill By JOHN MCPHAUL Gov. Alejandro García Padilla on Thursday lauded the Puerto Rico Senate s vote to restructure the Puerto Rico Electric Power Authority (PREPA), saying the measure guarantees that PREPA will not be privatized and will remain in the hands of the Puerto Rican people. The Senate passed the measure Wednesday night in a vote. This bill guarantees the stabilization of the electricity bill to the extent that it permits us to produce energy efficiently, permits external investment in the production of energy as is the case with [two existing private energy companies] Ecoeléctrica and AES, the governor said in a press conference at La Fortaleza. And it also guarantees that [PREPA] continues to be ours, that there will be no firings of public employees and that there is a flow of capital to be able to buy fuel and diversify the source of energy. He said the senators who voted against the measure voted in favor of increasing energy costs and for firing PREPA personnel. [Voting against the bill] is to vote for privatization and for PREPA to stop being ours, García Padilla said. Because if we don t revitalize PREPA, the creditor can go to court, which would name a receiver and to pay the debt they would increase the electricity bill without the Puerto Rican government having anything to say about it. The bill also guarantees PREPA a line of credit to buy oil to power its plants. Passage of the restructuring bill is an important part of the deal PREPA has made with its creditors to pay down the utility s $8 billion debt. The PREPA debt deal in turn is widely regarded as a key step in addressing Puerto Rico s $70-plus billion public debt. It would be impossible to restructure the rest of the debt if we did not approve this bill achieving the restructuring of PREPA, García Padilla said [Without the bill] it would show that we don t have the will to do what we have to do. García Padilla s comments came on the second day of a two-day strike by the Electrical and Irrigation Industry Workers Union (UTIER by its Spanish acronym), which represents PREPA employees and which protested the bill s passage. Saying that he was attentive to the union s demands, García Padilla tried to assure union members that the bill was in their interest. This bill defends your jobs, it impedes privatization, the governor said. PREPA Executive Director Javier Quintana Méndez said passage of the PREPA bill gives the power authority the necessary tools to transform the public corporation, according to the local press. The approval of the bill by the Senate demonstrates the continued progress that we are making to transform PREPA, Quintana Méndez said. The bill now goes to the House of Representatives, where Speaker Jaime Perelló said it will have difficulty garnering the 26 votes needed for passage, according to press reports. House Minority Leader Jenniffer González said Thursday that her delegation had no chance to provide input into the PREPA bill save for a single House committee hearing, and that New Progressive Party lawmakers will vote unanimously against the legislation. Seilhamer Blasts PREPA Restructuring Bill, Says Rate Hike Imminent By MARIA MIRANDA SIERRA mirandasanjuanstar@gmail.com N ew Progressive Party (NPP) Senate Minority Leader Larry Seilhamer on Thursday charged that the bill to restructure the debt of the Puerto Rico Electric and Power Authority (PREPA), passed late Wednesday by the island Senate, will come hand in hand with a hike in electricity rates. He also blasted the legislation for not taking into account a balance of benefits, saying it only protects creditors while placing residential, commercial and industrial customers at risk. Senate Bill 1523 was passed, after an extensive debate, with 16 votes in favor and 10 against, the no votes coming from the NPP delegation, Puerto Rico Independence Party (PIP) Sen. María de Lourdes Santiago and Popular Democratic Party (PDP) Sens. Cirilo Tirado and Mari Tere González. The STAR tried to obtain a reaction from Senate President Eduardo Bhatia regarding the prospects for a hike in the electricity rate, but he was not immediately available as of press time. Seilhamer said in a written statement that the consequences of this bill are an imminent rate hike in electricity bills. The securitization chapter leads to a new rate that will in turn lead to the collapse of our economy, the minority senator said. He added that the payment of the new [bond] issue is guaranteed with an increase in customers rates for the next 35 years. Seilhamer alleged that the proposal puts the people at risk by making them responsible for paying the utility s debt. He also noted that the legislation establishes a negative precedent for future negotiations with Puerto Rico creditors. The governor s economic team is negotiating with Puerto Rico Sales Tax Financing Corporation [COFINA by its Spanish acronym] bondholders and those who have constitutional protections a debt cut of between 30 and 40 percent, Seilhamer charged. However, this bill established a cut of only 15 percent of the debt to PREPA creditors. He added that the bill also contemplates a board whose members would be selected by a private entity. The governor will have to select six people from a list supplied by a private firm, the veteran lawmaker said. We don t know who responds to this company and this definitely diminishes constitutional executive and legislative powers because it usurps the power of appointment and the exercise of advice and consent that the governor and Legislative Assembly have. Larry Seilhamer

4 February 12-14, US Rep. Gutiérrez Defends PR in Congress By JOHN MCPHAUL jpmcphaul@gmail.com U.S. Rep. Luis Gutiérrez (D-Ill.) took to the floor of the U.S. House of Representatives on Thursday to ask Congress to free Puerto Rico to manage its public debt, enunciating a series of grievances he said are crying for redress. Free Puerto Rico so she can solve the problem of her crushing debt without being handcuffed by Congress, its distant and inattentive colonial master, Gutiérrez said. Free Puerto Rico so that her hospitals can stay open for sick moms and dads and her schools stay open for children. Nobody should fear that their house will burn down because the firemen have not been paid. Gutiérrez said that the response to Puerto Rico s debt crisis in Washington, the one place that Puerto Rico is forced to rely on, has been very little. Greedy bondholders and hedge-fund managers only care about Puerto Rico as a wager -- a way to make money whether Puerto Rico sinks or swims, said the congressman of Puerto Rican descent. Right now, Puerto Rico needs serious, sustained attention from Washington to find a path forward such that Puerto Rico is neither absolved of her obligations nor mortally wounded by them. Gutiérrez said the United States has a responsibility to care for Puerto Rico and its people by virtue of the U.S. Supreme Court s ruling that Puerto Rico belongs to, but is not part of, the United States. Congress must take responsibility for the fact that we expect Puerto Rico to pay its obligations, but we force her to play by a particular set of rules, the congressman said. Puerto Rico cannot declare bankruptcy because Congress passed a law saying they cannot. He said Puerto Rico is under the chokehold of the Jones Act, the cabotage law which Gutiérrez said costs Puerto Ricans $500 million extra in food bills alone. He said a large chunk of the best agricultural land, 13 percent, has been taken by the U.S. for military bases. Puerto Rico is a tropical island, but a lot of its fruits and vegetables and almost all of its food is imported, the veteran Congressman said. We must allow Puerto Rico to create an agricultural economy that allows Puerto Ricans to feed themselves. The economy produces goods the people do not consume and the people consume goods they did not produce. He said the U.S. government has been caught red-handed stealing water from Puerto Rico s fresh-water supply but has not been held responsible or made to pay. When the military pollutes Vieques or Culebra, does the U.S. government feel any obligation? Not really, Gutiérrez said. So, Mr. Speaker, when Congress talks about Puerto Rico s debt, I say we look at the totality of the debt; the part owed to Puerto Rico, not just the part Puerto Rico owes to Wall Street. Every soldier she has sent to war, every time the U.S. has stepped in to override her courts or her government -- these debts add up but are not accounted for. Gutiérrez said the solution that has been struck upon for a debt accrued by playing a deck and all the rules rigged against them is a fiscal control board that will [t]ake away what little autonomy they have left and add a new layer of Washington control over the colony. Instead, he said, Congress should [f]ree Puerto Rico s people to unleash their inherent hard-working character, spirit, and dedication. Free Puerto Ricans to work and toil and build and create. Free Puerto Rico so that she can build a sustainable economy that keeps her people at home, in the land of their birth and their heritage, he said. Gutiérrez said Congress should not get sidetracked by seeing Puerto Rico s economic health exclusively through a lens of Food Stamps, Medicaid, government programs and further dependency on Washington. We must make the conversation about jobs for Puerto Ricans. Jobs that build the economy and the tax base and the self-sufficiency of the island, he said. We must free Puerto Rico so that the Puerto Rican people can free themselves.

5 6 February 12-14, 2016 Approval of PREPA Reform Bill May Complicate Talks with Holders of More Senior Credit By MARIA MIRANDA SIERRA The PREPA Revitalization Act, Senate Bill 1523, passed in the upper chamber late Wednesday night in a vote and was approved with only minor amendments, despite weeks of extensive debates over contentious issues. Financial analyst Daniel Hanson of Washington, D.C.-based Height Securities on Thursday said that when the final legislation cleared the chamber, it left the power to raise rates in the hands of the Puerto Rico Energy Commission while creating a bankruptcy-remote special purpose vehicle to issue new bonds pursuant to PREPA s Restructuring Support Agreement (RSA). The legislation will continue to be debated in the House, with final passage expected within the next two weeks, Hanson said. The Legislature has fiercely opposed certain parts of the legislation, but in the final analysis, the Senate approved the bill because it felt the creditors held significantly more leverage in the restructuring process. However, one persistent concern, expressed at length on the Senate floor Wednesday, was that bondholders of credits senior to PREPA -- including general obligations (GO) and Puerto Rico Sales Tax Financing Corp. (CO- FINA by its Spanish acronym) bonds -- would refuse any haircut exceeding the 15 percent legislated in the PREPA Revitalization Act, since the legal claims of GO and COFINA are often considered stronger than those of PREPA bonds. Despite the relatively positive momentum generated by the Senate passage of the PREPA Revitalization Act, the final bond tender on PREPA bonds continues to face long odds to completion, particularly since a variety of external actors must be brought along in the process of restructuring, Hanson added. In this context, Hanson noted that Excelerate s Aguirre Offshore Regasification facility continues to deteriorate without final approval for construction. On Feb. 1, the Federal Energy Regulatory Commission (FERC) began to revise its biological assessment to comply with considerations from the National Marine Fisheries Service (NMFS) A. ZEPEDA REALTY COMMERCIAL REAL ESTATE SERVICES MANAGEMENT INCOME PRODUCING PROPERTY Please Contact Atilio Zepeda Lic. # atiliozepedarealty@gmail.com Daniel Hanson and the US Fish and Wildlife Service (FWS) regarding the implications of the project for endangered species in the area. Normally, FERC permitting would require these assessments to be made prior to the issue of a conditional authorization, but in Aguirre s case, the authorization preceded the assessment. FERC noted that, while Excelerate had provided extensive data to the Commission, it still lacked responses on four key items, to which Excelerate provided responses on Monday, Hanson said. The responses mirror responses laid out in a Dec. 15 filing, implying to us that the conferring agencies (FWS and NMFS) do not find the responses to be an adequate basis for determining compliance with the Endangered Species Act (ESA). Hanson also said he anticipates within the next few weeks further delays in the Aguirre permit process that could further lengthen the timeframe for completion of the facility, or potentially derail construction altogether. Meanwhile, Hanson also touched on the counterproposal from COFINA creditors. On Feb. 4, creditors owning senior COFINA debt reportedly delivered a proposal to the island government that would save the commonwealth as much as $19 billion and provide nearterm liquidity. The measures included in the proposal would reduce debt service over the short-run, impair a variety of credits (including COFINA subs), and protect senior COFINA bonds from a Net Present Value (NPV) reduction despite stretched payment terms, he added. And as the Government Development Bank (GDB) has yet to respond to the proposal, Hanson said he finds it unlikely to be met with enthusiasm by Commonwealth officials. Importantly, the proposal would limit the size of the haircut to be taken by creditors and would elevate COFINA senior claims above the other claims of creditors in the Commonwealth s debt stock, including GO bondholders, Hanson noted. Should the Commonwealth surprisingly agree to the CO- FINA proposal, GO creditors would almost certainly challenge the legal validity of such an approach, potentially invalidating the COFINA authorizing statutes fundamental logic altogether. The plan as presented would give Puerto Rico much-needed liquidity relief as it seeks to restructure its operations, but the plan is distressingly lacking in immediate protections for non-cofina senior creditors. The Commonwealth s incremental liquidity access would also be limited sharply relative to the amount of liquidity the government has previously claimed it needs under the proposal issued Monday, Hanson added. The COFINA proposal relies on a most favored nation clause, a typical tool for helping to forge exit financing for various debtors, but the clause fails to recognize the constitutional priority of claims, instead relying on a statutory lien on revenues to effectuate the protection of certain bonds, the analyst said. The proposal as delivered by the creditors is likely more of a bargaining chip than anything else, designed to paint creditors as reasonable negotiators in advance of congressional action, potential court cases, and the hearings concerning the Recovery Act at the Supreme Court on March 22, he noted. Hanson further noted that the commonwealth s proposal itself was likely made in part to send a message back to Congress and the courts that Puerto Rico was willing to engage creditors seriously in consensual debt restructuring talks. Just as the Commonwealth s proposal has faced a frosty reception with creditors, we expect preliminary proposals from various creditor groups to face long odds for completion with Commonwealth officials, Hanson said.

6 February 12-14,

7 8 February 12-14, 2016 Scant Participation in 2nd Day of Electrical Workers Strike By JOHN MCPHAUL T he Electrical and Irrigation Industry Workers Union (UTIER) held the second day of a two-day walkout Thursday morning with little participation from the rank and file, but union officials expected greater participation as the day progressed, reported Inter News Service. Ángel Figueroa Jaramillo, president of the union that represents Puerto Rico Electric Power Authority(PREPA) workers, said Thursday that there are more than yesterday when a reporter noted the scant participation in the strike in front of the Puerto Rico Convention Center in Miramar. The strikers picketed in front of the Convention Center, where Gov. Alejandro García Padilla opened the 2016 Puerto Rico Investment Summit. Figueroa Jaramillo expected more workers to join the strike as the day passed and the marchers converged on the Capitol, where the House of Representatives was considering the bill to revitalize PREPA. The bill was approved late Wednesday in the Senate by a vote. For Figueroa Jaramillo, the restructuring bill is a gift from the electrical industry to the PREPA bondholders. He said the bill provides for a $2.4 billion increase in PREPA s debt with a new bond offer that the public will pay for with increase in electricity rates. The bill creates a new authority that will assume the debt and will be in charge of paying, according to complex specifications in the bill. The union leader said he believes the bill can be stopped to the extent that we continue to discuss how bad [it] is. If we fall into a crisis by indebting ourselves, it is inconceivable that we approve more debt, he said. Proponents of the bill said the new debt is necessary to make investments in energy conversion to natural gas and clean energy options. But Figueroa Jaramillo said the priority will change from maintaining PREPA operations to paying the bondholders, and what is left over is going to go to the operations. He said that when the operations are stretched thin for lack of money, workers benefits such as retirement and medical plans will be reduced and electricity rates will be increased. Figueroa Jaramillo said that under the bill, if a PREPA client stops paying his or her power bill, the authority can put a lien on property until the debt is paid. The union leader said other measures to finance specific projects could be used for capital improvements and infrastructure that would be less costly for the utility and its clients than issuing new debt. Lúgaro Takes SEC to Court Over Rejected Endorsements By MARIA MIRANDA SIERRA mirandasanjuanstar@gmail.com I ndependent gubernatorial hopeful Alexandra Lúgaro announced Thursday that she has filed a lawsuit in San Juan Superior Court against We Steam Clean.. 2 Matresses - Any Size! the State Elections Commission (SEC) declaring that the SEC can not reject an endorsement over an incompatible signature. Lúgaro, an attorney by profession, said the Electoral Law doesn t specify that the SEC has the authority to reject endorsements by comparing CARPET WE ARE YOUR INDOOR ENVIRONMENTAL CLEANING SOLUTION RESIDENTIAL COMMERCIAL INDUSTRIES lncluded dust mite anti allergent for only $ regular price $ save $ sofá 1 love seat for $ regular price $ save $50.00 (dry time 45 minute) Metro Area Only Special until February 15, 2016 Dust Mites is one of ASTHMA sufferers worst enemies!! CARPET Sale Commercial/ Residential 10% Off Discount - Only in Cleaning Services For More Information Call Us (787) (787) (787) Alexandra Lúgaro signatures that were stamped years and even decades ago. The official appointed [by the SEC to collect the endorsements] doesn t have to compare the voter s signature with the one that may exist in the SEC records, where a signature could have been obtained years or even decades ago, reads the document. Electoral cards don t specify an expiration date. For example a person may have gotten their first voting card when they turned 18 and still live at the same address, hence the electoral card is still valid some 20 years later, unless the SEC notifies the voter otherwise. Lúgaro is seeking an injunction on the SEC action, claiming that Article of the Electoral Law does not include discrepancies in signatures as a cause for invalidating an endorsement. She also said the article refers to primary elections and therefore does not apply in her case because she is an independent candidate who will not participate in primary elections. Lúgaro s lawsuit seeks to establish as null and illegal any process established by the SEC that denies endorsement petitions due to discrepancies in voters signatures or incompatibility in signatures. The lawsuit also requests that the court order the SEC to give the candidate sufficient time to correct any errors in the endorsements she has turned in. The SEC acts in ultra vires [beyond its power] by submitting would-be independent candidates to processes and criteria that haven t been established in the Electoral Law, and that are clearly arbitrary and biased, reads the 22-page document signed by attorney Adrián Díaz. Lúgaro said the lawsuit would be filed on Wednesday afternoon, moments after she turned in 26,882 endorsements, meeting the minimum required by the SEC. Other claims included in the filing are aimed at declaring unconstitutional Article of the Electoral Law, which makes direct reference to number of endorsements that independent candidates must turn in. The SEC s actions through the validations unit are a clear and evident demonstration of a severe violation of constitutional rights, she noted. José Vargas Vidot, an independent candidate for an at-large Senate seat, also went to court to challenge the number of endorsements he needed to turn in. Before a decision was made, the SEC issued a resolution establishing that Vargas Vidot only needed to turn in 8,930 endorsements rather than the 53,000 required under the Electoral Law. Manuel Izquierdo and Héctor Pabón, Vargas Vidot s attorneys, are now requesting that San Juan Superior Court Judge Aileen Navas dismiss the lawsuit on the grounds that it is now academic. According to the SEC resolution, the new figure was determined by dividing by six the 53,578 endorsements an independent candidate needs to turn in by law. The divisor of six corresponds to the number of at-large Senate seats per political party that are up for grabs in the elections. Independent gubernatorial hopeful Manuel Cidre reportedly said SEC President Liza García s decision in the case of Vargas Vidot was a partial and exclusive one. I think the figure of 8,930 endorsements is still high, but [more to the point] is the statement of the SEC president, who doesn t even mention the other aspirants to different elective posts running independently, which gives the impression that the SEC is excluding them and that this is a completely one-sided determination [rendered] to one person, Cidre said.

8 February 12-14, YOUR % ON PURCHASES 1 YOU PAY % AS FOR THEM THE CITI DOUBLE CASH CARD. The only card that earns you cash back twice on every purchase with 1% when you buy and 1% as you pay. No caps. No categories. No kidding. APPLY NOW AT CITI.COM/DOUBLECASH You will not earn cash back on cash advances, balance transfers, fees or interest Citibank, N.A. Citi and Citi with Arc Design are registered service marks of Citigroup Inc. 9

9 10 February 12-14, 2016 CDC Ships Zika Test for Pregnant Women; PR at Risk The government is shipping Zika virus tests for pregnant women to health departments around the country, but warning there could be temporary shortages, as travelers try to tell if they returned with an infection that could put a developing baby at risk. Health officials don t expect widespread transmission of the mosquito-borne virus in the continental United States, but said Thursday that Puerto Rico is especially vulnerable. They asked for emergency funding from Congress to battle an outbreak that is quickly spreading through Latin America. We may see rapid spread through the island and we need to respond urgently, Dr. Tom Frieden, director of the Centers for Disease Control and Prevention, told a Senate appropriations subcommittee. The Zika virus is suspected of causing a rare but potentially devastating birth defect, an abnormally small head, which can indicate underlying brain damage. Brazil has reported an apparent increase in cases of that defect, called microcephaly, as Zika exploded in that country, although scientists haven t definitively proven the link. With each passing day the evidence that Zika is causally related gets stronger, Frieden said. Even in this week, the data that s come out makes it look very much like this is a virus that s what we call neurotropic -- it targets the nerve cells. His agency last month found the Zika virus in the brain tissue of two dead newborns from Brazil and in placentas from two miscarriages. On Wednesday, European researchers caring for a woman who returned there from Brazil reported a post-abortion autopsy that found the virus in her fetus severely damaged brain -- one a fraction of the proper size and lacking the usual crinkly folds. If someone is actively infected, the CDC has a test that diagnoses Zika fairly well. But most people experience no symptoms or very mild one, and the antibody test used to tell afterward if they were infected isn t very accurate. It might reflect prior infection with related viruses instead. The CDC is urging pregnant women or those trying to become pregnant not to travel to Zika-affected areas. But if they already did, the CDC is telling doctors to test the women for Zika between two weeks and 12 weeks after they return. Those thought to have been infected then could undergo ultrasound scans to monitor fetal development. Frieden said the agency has shipped 62,000 of those Zika tests for pregnant women to health departments and is working on more but there may be a period of weeks or a couple of months where there aren t enough tests for the women who want to have them done. How long after Zika exposure is it safe to get pregnant? Asked by lawmakers, Frieden responded, If this behaves as other viruses behave, there would be no risk to the next pregnancy after some period of a month or so, but we don t know that for sure. The Obama administration has asked Congress for $1.8 billion in emergency funding to fight Zika at home and abroad, including mosquito eradication, study of the microcephaly link and developing a vaccine. We are stretched, Frieden said, telling lawmakers the money is needed fast, within weeks. Asked if health officials couldn t instead use unspent money that Congress allocated for Ebola in West Africa, Frieden said those remaining dollars are committed to ensuring the remnants of that outbreak are stamped out. Speaker Paul Ryan, R-Wis., said later Thursday that the House would act on the Zika spending request, though he said Republicans would search for spending cuts elsewhere in the budget to cover the cost and would scrub it for unnecessary items. We do anticipate some kind of bipartisan action on this because this... is a problem we want to get ahead of, Ryan said. NTSB to Launch 2nd Search Mission for Wrecked Freighter Federal investigators are launching a second search of the wreckage of a freighter that sank Oct. 1 near the Bahamas, officials said Thursday. The two-week expedition organized by the National Transportation Safety Board is expected to begin in April, according to a news release. Investigators hope to locate the data recorder or black box and develop a more extensive and detailed survey of the shipwreck. The voyage data recorder may hold vital information about the challenges encountered by the crew in trying to save the ship, NTSB Chairman Christopher A. Hart said in the release. Getting that information could be very helpful to our investigation. The 790-foot freighter El Faro sank after losing engine power and getting caught in a Category 4 hurricane from Jacksonville to San Juan. Thirty-three mariners were aboard. NTSB spokesman Peter Knudson told The Associated Press that it s uncommon for investigators to launch a second investigation, because the data recorder is usually easier to locate. It s been quite some time since we had a challenge in locating a data recorder like this, Knudson said. The ship was found in 15,000 feet of water, its top two bridge decks detached. Crews located one of the missing decks about a half-mile from the main part of the ship. The data recorder had been mounted at the base of a mast, but that structure wasn t found during the first search, which ended Nov. 15. The new search will involve an autonomous underwater vehicle covering more than 13 square miles with video, sonar and other sensors, according to the release. The El Faro s black box was capable of recording conversations and sounds on the navigation bridge. This could help investigators understand the sequence of events that led to the sinking. If the data recorder is located, then a remotely operated vehicle will be sent to retrieve it.

Marine Diver. The San Juan Daily Star. Wednesday, February 10, 2016. Self-winding movement. Water-resistant to 300m.

Marine Diver. The San Juan Daily Star. Wednesday, February 10, 2016. Self-winding movement. Water-resistant to 300m. 2 Wednesday, February 10, 2016 Marine Diver Self-winding movement. Water-resistant to 300m. 18 ct rose gold case. Also available in stainless steel. U LY S S E - N A R D I N. C O M GOOD MORNING, the only

More information

A View From the Ground

A View From the Ground Puerto Rico: A View From the Ground A Reorg Research Webcast Series Status of the Recovery Act Ruled Unconstitutional A U.S. District Court ruled the law was preempted by Section 903(1) Appeal Argument

More information

CRS Report for Congress Received through the CRS Web

CRS Report for Congress Received through the CRS Web CRS Report for Congress Received through the CRS Web 97-526 GOV Updated June 24, 1998 Puerto Rico: A Chronology of Political Status History Garrine P. Laney Analyst in American National Government Government

More information

Case 3:14-cv-01518 Document 1 Filed 06/28/14 Page 1 of 15 IN THE UNITED STATES DISTRICT COURT FOR THE DISTRICT OF PUERTO RICO : : : : : : : : : : : :

Case 3:14-cv-01518 Document 1 Filed 06/28/14 Page 1 of 15 IN THE UNITED STATES DISTRICT COURT FOR THE DISTRICT OF PUERTO RICO : : : : : : : : : : : : Case 314-cv-01518 Document 1 Filed 06/28/14 Page 1 of 15 IN THE UNITED STATES DISTRICT COURT FOR THE DISTRICT OF PUERTO RICO --------------------------------------------------------------------- X FRANKLIN

More information

(No. 34-2014) (Approved March 4, 2014) AN ACT

(No. 34-2014) (Approved March 4, 2014) AN ACT (H. B. 1696) (No. 34-2014) (Approved March 4, 2014) AN ACT To authorize the issue of bonds of the Government of the Commonwealth of Puerto Rico in a principal amount that shall not exceed three billion

More information

MICHIGAN LOCAL GOVERNMENT MANAGEMENT ASSOCIATION. Public Sector Labor Law Update

MICHIGAN LOCAL GOVERNMENT MANAGEMENT ASSOCIATION. Public Sector Labor Law Update MICHIGAN LOCAL GOVERNMENT MANAGEMENT ASSOCIATION WINTER INSTITUTE 2013 Public Sector Labor Law Update Steven H. Schwartz Steven H. Schwartz & Associates, PLC 31600 W. 13 Mile, Suite 125 Farmington Hills,

More information

Marine Diver. The San Juan Daily Star. Wednesday, October 14, 2015. Self-winding movement. Water-resistant to 300m.

Marine Diver. The San Juan Daily Star. Wednesday, October 14, 2015. Self-winding movement. Water-resistant to 300m. 2 Wednesday, October 14, 2015 Marine Diver Self-winding movement. Water-resistant to 300m. 18 ct rose gold case. Also available in stainless steel. U LY S S E - N A R D I N. C O M The San Juan Daily Star

More information

Marine Diver. The San Juan Daily Star. Tuesday, February 9, 2016. Self-winding movement. Water-resistant to 300m.

Marine Diver. The San Juan Daily Star. Tuesday, February 9, 2016. Self-winding movement. Water-resistant to 300m. 2 Tuesday, February 9, 2016 Marine Diver Self-winding movement. Water-resistant to 300m. 18 ct rose gold case. Also available in stainless steel. U LY S S E - N A R D I N. C O M GOOD MORNING, the only

More information

Readiness Activity. (An activity to be done before viewing the program)

Readiness Activity. (An activity to be done before viewing the program) Knowledge Unlimited NEWS Matters The Stock Market: What Goes Up...? Vol. 3 No. 2 About NewsMatters The Stock Market: What Goes Up...? is one in a series of NewsMatters programs. Each 15-20 minute program

More information

Thursday, July 9, 2015. The San Juan Daily Star

Thursday, July 9, 2015. The San Juan Daily Star 2 Thursday, July 9, 2015 GOOD MORNING 3 July 9, 2015 has exclusive New York Times News Service in English in Puerto Rico Governor Says Obama Cabinet Holding Back on Helping PR Local Mainland Business Interna

More information

Credit Cards and Consumer Debt

Credit Cards and Consumer Debt 214 Massachusetts Ave. N.E, Washington D.C. 20002 (202) 546-4400 www.heritage.org CONGRESSIONAL TESTIMONY Credit Cards and Consumer Debt Testimony before Subcommittee on Commercial and Administrative Law

More information

Credit Card Repayment Protection

Credit Card Repayment Protection Credit Card Repayment Protection Product Disclosure Statement and policy wording Effective 13 July 2015 1 Introducing Credit Card Repayment Protection. What is it? Credit Card Repayment Protection is insurance

More information

THE LEGAL REPORT. Aaron L. Castle. VanOverbeke, Michaud & Timmony, P.C. MUNICIPAL BANKRUPTCY IN MICHIGAN Mapping the Uncharted Waters

THE LEGAL REPORT. Aaron L. Castle. VanOverbeke, Michaud & Timmony, P.C. MUNICIPAL BANKRUPTCY IN MICHIGAN Mapping the Uncharted Waters THE LEGAL REPORT Aaron L. Castle VanOverbeke, Michaud & Timmony, P.C. MUNICIPAL BANKRUPTCY IN MICHIGAN Mapping the Uncharted Waters How many different words can you think of using the letters in the word

More information

President Proposal Calls For Small Government Pay Freeze - Lawful Deductions?

President Proposal Calls For Small Government Pay Freeze - Lawful Deductions? FEDERAL-POSTAL COALITION October 20, 2011 The Honorable Patty Murray Co- Chair Joint Select Committee on Deficit Reduction 448 Russell Senate Office Building Washington, D.C. 20510 The Honorable Jeb Hensarling

More information

Blispay Card agreement

Blispay Card agreement Blispay Card agreement 1. Definitions 2. How Blispay Card works 3. Making payments 4. Fees and interest 5. When things go wrong 6. Arbitration Provision 7. Legal 8. Communications and information sharing

More information

Why Puerto Rico may now be stuck in no man s land

Why Puerto Rico may now be stuck in no man s land Why Puerto Rico may now be stuck in no man s land March 2, 2015 by Municipal Insight Committee of Eaton Vance After its debt recovery act is struck down, Puerto Rico faces significant short-term and longterm

More information

BANKRUPTCY SOME FREQUENTLY ASKED QUESTIONS AND ANSWERS

BANKRUPTCY SOME FREQUENTLY ASKED QUESTIONS AND ANSWERS BANKRUPTCY SOME FREQUENTLY ASKED QUESTIONS AND ANSWERS 1 You should file for bankruptcy only after carefully deciding that bankruptcy is the best way to deal with your financial problems. This pamphlet

More information

Flexi Loan Repayment Protection

Flexi Loan Repayment Protection Flexi Loan Repayment Protection Product Disclosure Statement and policy wording 1 Effective 13 July 2015 Introducing Flexi Loan Repayment Protection. What is it? Flexi Loan Repayment Protection is insurance

More information

Parsing Puerto Rico. July 24, 2015 by Anthony Valeri of LPL Financial

Parsing Puerto Rico. July 24, 2015 by Anthony Valeri of LPL Financial Parsing Puerto Rico July 24, 2015 by Anthony Valeri of LPL Financial KEY TAKEAWAYS Puerto Rico s debt crisis remains isolated and not symptomatic of the broad municipal bond market. Signs of contagion

More information

The Legislative Process

The Legislative Process The Legislative Process The Colorado Constitution places the power to make laws with the state legislature, the Colorado General Assembly. The General Assembly cannot delegate this power, and no other

More information

COMMONWEALTH OF PUERTO RICO QUARTERLY REPORT DATED JULY 17, 2014 00163411; 1

COMMONWEALTH OF PUERTO RICO QUARTERLY REPORT DATED JULY 17, 2014 00163411; 1 COMMONWEALTH OF PUERTO RICO QUARTERLY REPORT DATED JULY 17, 2014 00163411; 1 Table of Contents Page No. INTRODUCTION... 1 RISK FACTORS... 3 RECENT DEVELOPMENTS... 18 FISCAL CONDITION... 25 THE ECONOMY...

More information

The Status of Puerto Rico. Spain, after treating Puerto Rico for almost 400 years as a Spanish colony, grants autonomy to Puerto Rico.

The Status of Puerto Rico. Spain, after treating Puerto Rico for almost 400 years as a Spanish colony, grants autonomy to Puerto Rico. [1-ltf-77] CHRONOLOGY: The Status of Puerto Rico 1897 Spain, after treating Puerto Rico for almost 400 years as a Spanish colony, grants autonomy to Puerto Rico. 1898 On July 25, 1898, three months after

More information

Business Chapter 13 Cases: The Self-Employed Debtor

Business Chapter 13 Cases: The Self-Employed Debtor Business Chapter 13 Cases: The Self-Employed Debtor (Friday, March 23, 2012, 1:45pm - 2:25pm) Presented by Douglas B. Jacobs, California Consumer Bankruptcy Attorney This presentation will discuss: 1.

More information

NOTICE OF PROPOSED CLASS ACTION SETTLEMENT. A court authorized this notice. This is not a solicitation from a lawyer.

NOTICE OF PROPOSED CLASS ACTION SETTLEMENT. A court authorized this notice. This is not a solicitation from a lawyer. NOTICE OF PROPOSED CLASS ACTION SETTLEMENT A court authorized this notice. This is not a solicitation from a lawyer. Peter Ng, et al. v International Disposal Corp. of California, et al. Superior Court

More information

Article Estates and Trusts MARYLAND STATUTORY FORM PERSONAL FINANCIAL POWER OF ATTORNEY IMPORTANT INFORMATION AND WARNING

Article Estates and Trusts MARYLAND STATUTORY FORM PERSONAL FINANCIAL POWER OF ATTORNEY IMPORTANT INFORMATION AND WARNING [Previous][Next][Another Article] 17 202. Article Estates and Trusts MARYLAND STATUTORY FORM PERSONAL FINANCIAL POWER OF ATTORNEY IMPORTANT INFORMATION AND WARNING You should be very careful in deciding

More information

Addressing Puerto Rico s Economic and Fiscal Crisis and Creating a Path to Recovery: Roadmap for Congressional Action

Addressing Puerto Rico s Economic and Fiscal Crisis and Creating a Path to Recovery: Roadmap for Congressional Action Addressing Puerto Rico s Economic and Fiscal Crisis and Creating a Path to Recovery: Roadmap for Congressional Action The Commonwealth of Puerto Rico is in the midst of an economic and fiscal crisis, and

More information

JOINT INSOLVENCY EXAMINATION BOARD

JOINT INSOLVENCY EXAMINATION BOARD JOINT INSOLVENCY EXAMINATION BOARD Joint Insolvency Examination Wednesday 9 November 2011 PERSONAL INSOLVENCY (3.5 hours) ANSWER ALL FOUR QUESTIONS EACH QUESTION CARRIES TWENTY-FIVE MARKS SUBMIT ALL WORKINGS

More information

BP Agrees to Pay $18.7 Billion to Settle Deepwater Horizon Oil Spill Claims - WSJ

BP Agrees to Pay $18.7 Billion to Settle Deepwater Horizon Oil Spill Claims - WSJ Page 1 of 5 This copy is for your personal, non-commercial use only. To order presentation-ready copies for distribution to your colleagues, clients or customers visit http://www.djreprints.com. http://www.wsj.com/articles/bp-agrees-to-pay-18-7-billion-to-settle-deepwater-horizon-oil-spill-claims-1435842739

More information

Local Government Bankruptcy in California: Questions and Answers

Local Government Bankruptcy in California: Questions and Answers POLICY BRIEF Local Government Bankruptcy in California: Questions and Answers MAC Taylor Legislative Analyst August 7, 2012 Introduction Unanticipated events or prolonged imbalances between resources and

More information

INTRODUCTION TO SMALL CLAIMS COURT TABLE OF CONTENTS

INTRODUCTION TO SMALL CLAIMS COURT TABLE OF CONTENTS INTRODUCTION TO SMALL CLAIMS COURT TABLE OF CONTENTS INTRODUCTION TO SUE OR NOT TO SUE? HOW TO FILE A SMALL CLAIMS CASE WHERE TO FILE FILING FEE NOTICE TO THE DEFENDANT COUNTERCLAIMS PREPARING FOR TRIAL

More information

Statement of Robert Furr President The National Association of Bankruptcy Trustees September 16, 2008

Statement of Robert Furr President The National Association of Bankruptcy Trustees September 16, 2008 Statement of Robert Furr President The National Association of Bankruptcy Trustees September 16, 2008 Madam Chair Sanchez, Ranking Member Cannon, and other distinguished Members of the Subcommittee, let

More information

Filing Chapter 7 Bankruptcy: Where to Start

Filing Chapter 7 Bankruptcy: Where to Start Filing Chapter 7 Bankruptcy Where to Start Filing Chapter 7 Bankruptcy: Where to Start Before you can file bankruptcy, you need to do some things to get ready. This checklist tells you how to get ready.

More information

Navigating the Municipal Bankruptcy Minefield

Navigating the Municipal Bankruptcy Minefield Navigating the Municipal Bankruptcy Minefield Restructuring Preliminaries: How Did We Get Here? (Flavors of Pain) Structural Insolvency Examples are Vallejo and Stockton Extraordinary Event Insolvency

More information

Commercial financing from a lender that understands your business.

Commercial financing from a lender that understands your business. Commercial Use Application See what fast and easy access to credit can do for you. As every independent business owner knows, everything turns on cash flow. That s why John Deere Credit makes it easy for

More information

KEY CONCEPTS BACKGROUND

KEY CONCEPTS BACKGROUND REDISTRICTING TEXAS: A PRIMER Michael J. Gaudini Master of Public Affairs Candidate LBJ School of Public Affairs KEY CONCEPTS Redistricting. Political districts are redrawn after the decennial census in

More information

Scheduled for a Public Hearing Before the SUBCOMMITTEE ON SELECT REVENUE MEASURES of the HOUSE COMMITTEE ON WAYS AND MEANS on June 28, 2005

Scheduled for a Public Hearing Before the SUBCOMMITTEE ON SELECT REVENUE MEASURES of the HOUSE COMMITTEE ON WAYS AND MEANS on June 28, 2005 PRESENT LAW AND BACKGROUND RELATING TO MULTIEMPLOYER DEFINED BENEFIT PENSION PLANS AND RELATED PROVISIONS OF H.R. 2830, THE PENSION PROTECTION ACT OF 2005 Scheduled for a Public Hearing Before the SUBCOMMITTEE

More information

Personal Loan Protection. Product Disclosure Statement and policy wording

Personal Loan Protection. Product Disclosure Statement and policy wording Personal Loan Protection Product Disclosure Statement and policy wording Effective 13 July 2015 Introducing Personal Loan Protection. What is it? Personal Loan Protection is insurance designed to help

More information

POLICY BRIEF. Citizens Guide to Initiative 1366, the Taxpayer Protection Act. Jason Mercier Director, Center for Government Reform.

POLICY BRIEF. Citizens Guide to Initiative 1366, the Taxpayer Protection Act. Jason Mercier Director, Center for Government Reform. POLICY BRIEF Citizens Guide to Initiative 1366, the Taxpayer Protection Act Jason Mercier Director, Center for Government Reform October 2015 1. Five times voters have approved a supermajority vote requirement

More information

Words defined in the Trading Platform Terms and Conditions have the same meaning in this Acceptance form. The same rules of interpretation apply.

Words defined in the Trading Platform Terms and Conditions have the same meaning in this Acceptance form. The same rules of interpretation apply. Acceptance form for Black People This Acceptance form is part of the Welkom Yizani Trading Platform Terms Conditions. If you want to trade on the Welkom Yizani trading platform, you must sign this document

More information

THE BASICS OF CHAPTER 11 BANKRUPTCY

THE BASICS OF CHAPTER 11 BANKRUPTCY THE BASICS OF CHAPTER 11 BANKRUPTCY Bankruptcy is a legal proceeding in which a debtor declares an inability to pay consumer or business debts as they become due. Debtors may seek to be excused from continuing

More information

Client FAQs about Money Market Fund Developments

Client FAQs about Money Market Fund Developments Client FAQs about Money Market Fund Developments The following is in response to the issues consumers are facing regarding money market mutual funds including The Reserve Funds. As we learn more we will

More information

Decision Making: Hamilton s Economic Policies Part 1: The Debt PROBLEM

Decision Making: Hamilton s Economic Policies Part 1: The Debt PROBLEM Decision Making: Hamilton s Economic Policies Part 1: The Debt PROBLEM The year is 1790, and George Washington has been President under the new national government, The Constitution, for about a year.

More information

Life After Bankruptcy. By Jason Amerine

Life After Bankruptcy. By Jason Amerine Life After Bankruptcy By Jason Amerine Bankruptcy: A Fresh Start for You Every day I have clients ask me about what life might be like after bankruptcy, and perhaps you re feeling that way, too. Sure,

More information

BUSINESS REFORM COMPENSATION A ROCHESTER BUSINESS ALLIANCE REPORT

BUSINESS REFORM COMPENSATION A ROCHESTER BUSINESS ALLIANCE REPORT BUSINESS 5YRS of W O R K E R S COMPENSATION REFORM S T I L L A W O R K I N P R O G R E S S A ROCHESTER BUSINESS ALLIANCE REPORT Essential reforms are failing to achieve their promise About 100 years ago,

More information

Covering Iowa Law and Courts: A Guide for Journalists

Covering Iowa Law and Courts: A Guide for Journalists CHAPTER 11: The focus of this book is on Iowa laws and courts; thus, as noted earlier, the federal court system is generally beyond the scope of these materials. However, many who used early editions of

More information

Novogradac Report on Tax Credits Transcript: July 22, 2008

Novogradac Report on Tax Credits Transcript: July 22, 2008 Total Word Count: 1442 (Intro music) Novogradac Report on Tax Credits Hello. It s Tax Credit Tuesday and I m Michael Novogradac. This is the Novogradac Report on Tax Credits, a podcast presented each week

More information

Puerto Rico Tax-Backed Debt Downgraded To 'CC' From 'CCC-' Following Release Of Fiscal Commission Report

Puerto Rico Tax-Backed Debt Downgraded To 'CC' From 'CCC-' Following Release Of Fiscal Commission Report Puerto Rico Tax-Backed Debt Downgraded To 'CC' From 'CCC-' Following Release Of Fiscal Commission Report Primary Credit Analyst: David G Hitchcock, New York (1) 212-438-2022; david.hitchcock@standardandpoors.com

More information

Australia. I. Generally

Australia. I. Generally Australia Texas New York Washington, DC Connecticut Dubai Kazakhstan London I. Generally Australian bankruptcy procedure is regulated by its Corporations Law, which is a single statute that governs almost

More information

Corporate Bankruptcy

Corporate Bankruptcy Corporate Bankruptcy What Every Investor Should Know... Corporate Bankruptcy What happens when a public company files for protection under the federal bankruptcy laws? Who protects the interests of investors?

More information

HANDBOOK FOR NONCUSTODIAL PARENTS

HANDBOOK FOR NONCUSTODIAL PARENTS HANDBOOK FOR NONCUSTODIAL PARENTS INTRODUCTION The purpose of this handbook is to inform noncustodial parents about paternity establishment and child support services. The Office of the Attorney General

More information

PROPOSED AMENDMENT TO ADD SECTION 5.1 TO ARTICLE XIII OF THE ILLINOIS CONSTITUTION

PROPOSED AMENDMENT TO ADD SECTION 5.1 TO ARTICLE XIII OF THE ILLINOIS CONSTITUTION PROPOSED AMENDMENT TO ADD SECTION 5.1 TO ARTICLE XIII OF THE ILLINOIS CONSTITUTION That will be submitted to the voters November 6, 2012. This pamphlet includes the proposed amendment; explanation of the

More information

EXECUTIVE OFFICE OF THE PRESIDENT. A Look Back at GM, Chrysler and the American Auto Industry

EXECUTIVE OFFICE OF THE PRESIDENT. A Look Back at GM, Chrysler and the American Auto Industry EXECUTIVE OFFICE OF THE PRESIDENT A Look Back at GM, Chrysler and the American Auto Industry APRIL 21, 2010 A Look Back at GM, Chrysler and the American Auto Industry APRIL 21, 2010 Today s announcements

More information

Money Market Funds Helping Businesses Manage Cash Flow

Money Market Funds Helping Businesses Manage Cash Flow Money Market Funds Helping Businesses Manage Cash Flow Since its inception, the U.S. Chamber s Center for Capital Markets Competitiveness (CCMC) has led a bipartisan effort to modernize and strengthen

More information

WHAT YOU SHOULD KNOW ABOUT YOUR CHAPTER 13 CASE

WHAT YOU SHOULD KNOW ABOUT YOUR CHAPTER 13 CASE WHAT YOU SHOULD KNOW ABOUT YOUR CHAPTER 13 CASE YOUR CASE NUMBER: When your Chapter 13 Petition was filed, the court assigned a case number. This number is very important. ALWAYS write this number on all

More information

CHAPTER 9 Municipality Bankruptcy

CHAPTER 9 Municipality Bankruptcy U.S. COURTS HTTP://WWW.USCOURTS.GOV/FEDERALCOURTS/BANKRUPTCY/BANKRUPTCY BASICS/CHAPTER9.ASPX CHAPTER 9 Municipality Bankruptcy The chapter of the Bankruptcy Code providing for reorganization of municipalities

More information

MABS Guide to the Personal Insolvency Act, 2012

MABS Guide to the Personal Insolvency Act, 2012 MABS Guide to the Personal Insolvency Act, 2012 DISCLAIMER: This Guide is for general information purposes only and does not constitute legal, financial or other professional advice. Specific advice should

More information

BANKRUPTCY AND REORGANIZATION

BANKRUPTCY AND REORGANIZATION App7B_SW_Brigham_778312 1/21/03 9:23 PM Page 7B-1 7B BANKRUPTCY AND REORGANIZATION In the event of bankruptcy, debtholders have a prior claim to a firm s income and assets over the claims of both common

More information

Marine Diver. The San Juan Daily Star. Tuesday, November 3, 2015. Self-winding movement. Water-resistant to 300m.

Marine Diver. The San Juan Daily Star. Tuesday, November 3, 2015. Self-winding movement. Water-resistant to 300m. 2 Tuesday, November 3, 2015 Marine Diver Self-winding movement. Water-resistant to 300m. 18 ct rose gold case. Also available in stainless steel. U LY S S E - N A R D I N. C O M The San Juan Daily Star

More information

WHAT YOU MUST DO TO RECEIVE UNEMPLOYMENT BENEFITS

WHAT YOU MUST DO TO RECEIVE UNEMPLOYMENT BENEFITS Rev. 01/2014 Office of Unemployment Insurance Administration Unemployment Claims Unit PO Box 94094, Room 386 Baton Rouge, Louisiana 70804-9096 Unemployment Benefits Rights and Responsibilities (Benefits

More information

Tom Ginsburg, University of Chicago Law School July 30, 2008

Tom Ginsburg, University of Chicago Law School July 30, 2008 COMPARATIVE CONSTITUTIONAL REVIEW Tom Ginsburg, University of Chicago Law School July 30, 2008 Constitutional review is the power to examine statutes and government actions for conformity with the constitution.

More information

The Electoral Process STEP BY STEP. the worksheet activity to the class. the answers with the class. (The PowerPoint works well for this.

The Electoral Process STEP BY STEP. the worksheet activity to the class. the answers with the class. (The PowerPoint works well for this. Teacher s Guide Time Needed: One class period Materials Needed: Student worksheets Projector Copy Instructions: Reading (2 pages; class set) Activity (3 pages; class set) The Electoral Process Learning

More information

The Citizen Lobbyist

The Citizen Lobbyist The Citizen Lobbyist Making Your Voice Heard: How you can influence government decisions Of the people, by the people, for the people. Democracy is not a spectator sport. Acting as participants, rather

More information

Real Home Mortgage Relief

Real Home Mortgage Relief Real Home Mortgage Relief Overcoming Legal Barriers to Helping Homeowners and Stabilizing the Financial System By Michael S. Barr and James Feldman There is bipartisan agreement today that stemming foreclosures

More information

The Definitive Guide to Credit Card Surcharging

The Definitive Guide to Credit Card Surcharging The Definitive Guide to Credit Card Surcharging (for Merchants) Merchant surcharging made easy. American merchants pay the highest merchant fees in the world, fees that are many times higher than the fees

More information

John Rao, Staff Attorney, National Consumer Law Center

John Rao, Staff Attorney, National Consumer Law Center Understanding Property Tax Sales and What Advocates Can Do to Help Clients Avoid Tax Lien Foreclosures John Rao, Staff Attorney, National Consumer Law Center Jessica Hiemenz National Consumer Law Center

More information

GDB PUERTO RICO. Additional 1 Voluntary Event-Based Disclosure. C:OMMONwEALTH OF PUERTO KICO DEVELOPMENT BANK FOR

GDB PUERTO RICO. Additional 1 Voluntary Event-Based Disclosure. C:OMMONwEALTH OF PUERTO KICO DEVELOPMENT BANK FOR C:OMMONwEALTH OF PUERTO KICO Municipal Secondary Market Disclosure Information Cover Sheet Municipal Securities Rulemaking Board (MSRIB) Electronic Municipal Market Access System (EMMA) Additional 1 Voluntary

More information

CZECH REPUBLIC ACT ON BONDS

CZECH REPUBLIC ACT ON BONDS CZECH REPUBLIC ACT ON BONDS Important Disclaimer This translation has been generously provided by the Czech National Bank. This does not constitute an official translation and the translator and the EBRD

More information

How To Understand The Constitution Of The United States

How To Understand The Constitution Of The United States APPENDIX C GLOSSARY OF LEGISLATIVE TERMS ACT A bill or measure after it has passed one or both chambers. Also used to denote a law in place. ACTION A description of a step that a bill undergoes as it moves

More information

Car Title Loans. What is a car title loan? How does a car title loan work?

Car Title Loans. What is a car title loan? How does a car title loan work? Car Title Loans What is a car title loan? When you take out a car title loan, you are borrowing money and giving the lender the title to your car as collateral. This means that the lender can repossess

More information

SEND ALL PAYMENTS TO: Chapter 13 Trustee 191 Peachtree Street, N.E. Suite 2200 Atlanta, GA 30303

SEND ALL PAYMENTS TO: Chapter 13 Trustee 191 Peachtree Street, N.E. Suite 2200 Atlanta, GA 30303 PUT YOUR CHAPTER 13 CASE NUMBER ON ALL PAYMENTS AND CORRESPONDENCE SENT TO YOUR TRUSTEE SEND ALL PAYMENTS TO: Chapter 13 Trustee 191 Peachtree Street, N.E. Suite 2200 Atlanta, GA 30303 This booklet was

More information

Bankruptcy 101 A Guide to Personal Bankruptcy. Brought to you by Jon Martin, Esq. Http://www.TheSinCityLawyer.com

Bankruptcy 101 A Guide to Personal Bankruptcy. Brought to you by Jon Martin, Esq. Http://www.TheSinCityLawyer.com Bankruptcy 101 A Guide to Personal Bankruptcy Brought to you by Jon Martin, Esq. Http://www.TheSinCityLawyer.com Bankruptcy laws help people who can no longer pay their creditors get a fresh start by liquidating

More information

Setoff and Recoupment in Bankruptcy: A Primer for Credit Managers By: Schuyler G. Carroll and Jeffrey D. Vanacore

Setoff and Recoupment in Bankruptcy: A Primer for Credit Managers By: Schuyler G. Carroll and Jeffrey D. Vanacore Setoff and Recoupment in Bankruptcy: A Primer for Credit Managers By: Schuyler G. Carroll and Jeffrey D. Vanacore Abstract Today s credit manager is under more pressure than ever. Accounting wants to know

More information

CO-OPERATIVES IN ONTARIO LEGAL REQUIREMENTS

CO-OPERATIVES IN ONTARIO LEGAL REQUIREMENTS CO-OPERATIVES IN ONTARIO LEGAL REQUIREMENTS Financial Services Commission of Ontario Licensing and Market Conduct Division 5160 Yonge Street, 4 th floor P.O. Box 85 Toronto, ON M2N 6L9 Tel: (416) 226-7776

More information

Not official copy. 2. According to this Law, only the Court may acknowledge the case of a bankruptcy.

Not official copy. 2. According to this Law, only the Court may acknowledge the case of a bankruptcy. Not official copy THE REPUBLIC OF ARMENIA LAW ON THE BANKRUPTCY AND FINANCIAL REORGANIZATION OF LEGAL ENTITIES, ENTERPRISES LACKING LEGAL ENTITY STATUS, AND ENTREPRENEURS. SECTION 1. GENERAL PROVISIONS

More information

Report on the Need for New York to Refinance the Superfund

Report on the Need for New York to Refinance the Superfund Page 1 of 5 Reports Policy Guide Reports Speeches Legislative Initiatives Report on the Need for New York to Refinance the Superfund June 11, 2003 Toxic Waste Many people around the country live in areas

More information

Everything You Need to Know About Bankruptcy

Everything You Need to Know About Bankruptcy Everything You Need to Know About Bankruptcy Raymond J. Sallum Bloomfield, Michigan http://bloomfieldlawgroup.com/chapter-7-bankruptcy B l o o m f i e l d L a w G r o u p R a y m o n d J. S a l l u m (

More information

State Bond Commission was created by Article VII, Section 8 of the Louisiana Constitution of 1974

State Bond Commission was created by Article VII, Section 8 of the Louisiana Constitution of 1974 NAVIGATING THE LOUISIANA STATE BOND COMMISSION Louisiana District Attorney Association Fall Conference November 21, 2013 Creation and Purpose State Bond Commission was created by Article VII, Section 8

More information

A voluntary bankruptcy under the BIA commences when a debtor files an assignment in bankruptcy with the Office of the Superintendent of Bankruptcy.

A voluntary bankruptcy under the BIA commences when a debtor files an assignment in bankruptcy with the Office of the Superintendent of Bankruptcy. Bankruptcy and Restructuring 121 BANKRUPTCY AND RESTRUCTURING Under Canadian constitutional law, the federal government has exclusive legislative control over bankruptcy and insolvency matters. Insolvency

More information

WHAT DO LEGISLA TIVE COMMITTEES DO?

WHAT DO LEGISLA TIVE COMMITTEES DO? WHAT DO LEGISLA TIVE COMMITTEES DO? If it were not for committees, the Legislature would probably be in session all year. It would take that long for the entire Senate and the entire House of Representatives

More information

This briefing paper summarizes the measures the Montana Legislature has put into place to improve the state's medical liability climate.

This briefing paper summarizes the measures the Montana Legislature has put into place to improve the state's medical liability climate. SRJ 35: Study of Health Care Medical Malpractice: Montana's Approach to Limiting Liability by Sue O'Connell, Research Analyst Prepared for the Children, Families, Health, and Human Services Interim Committee

More information

Tejas Steel Supply, Inc.

Tejas Steel Supply, Inc. Tejas Steel Supply, Inc. James B. Bexley Sam Houston State University Joe F. James Sam Houston State University Abstract This case study is designed to explore the credit needs and worthiness of Tejas

More information

Case 10-33583-bjh11 Doc 31 Filed 12/07/10 Entered 12/07/10 18:18:45 Desc Main Document Page 1 of 10

Case 10-33583-bjh11 Doc 31 Filed 12/07/10 Entered 12/07/10 18:18:45 Desc Main Document Page 1 of 10 Document Page 1 of 10 Eric A. Liepins ERIC A. LIEPINS, P.C. 12770 Coit Road Suite 1100 Dallas, Texas 75251 Ph. (972) 991-5591 Fax (972) 991-5788 ATTORNEYS FOR DEBTOR IN THE UNITED STATES BANKRUPTCY COURT

More information

Marine Diver. The San Juan Daily Star. Monday, November 23, 2015. Self-winding movement. Water-resistant to 300m.

Marine Diver. The San Juan Daily Star. Monday, November 23, 2015. Self-winding movement. Water-resistant to 300m. 2 Monday, November 23, 2015 Marine Diver Self-winding movement. Water-resistant to 300m. 18 ct rose gold case. Also available in stainless steel. U LY S S E - N A R D I N. C O M The San Juan Daily Star

More information

HALIFAX CASH ISA. Conditions and information

HALIFAX CASH ISA. Conditions and information HALIFAX CASH ISA. Conditions and information Welcome to Halifax 3 Section 1 How these conditions work 5 Section 2 Special Conditions 7 ISA Saver Variable 12 ISA Saver Online 13 ISA Saver Fixed 14 Junior

More information

Information for Worker s Compensation Clients

Information for Worker s Compensation Clients Information for Worker s Compensation Clients Overview of the Worker s Compensation Act Indiana Worker s Compensation cases are governed by a State law known as the Worker s Compensation Act. The legislature

More information

Adjusting. Public Pension Benefits in Colorado A Fiduciary Process

Adjusting. Public Pension Benefits in Colorado A Fiduciary Process Adjusting Public Pension Benefits in Colorado A Fiduciary Process By Gregory W. Smith From late 2007 into 2009, the United States and countries around the world experienced the worst financial collapse

More information

What Is Small Claims Court? What Types Of Cases Can Be Filed In Small Claims Court? Should I Sue? Do I Have the Defendant s Address?

What Is Small Claims Court? What Types Of Cases Can Be Filed In Small Claims Court? Should I Sue? Do I Have the Defendant s Address? SMALL CLAIMS COURT What Is Small Claims Court? Nebraska law requires that every county court in the state have a division known as Small Claims Court (Nebraska Revised Statute 25-2801). Small Claims Court

More information

Good Morning. First, I would like to thank Chairwoman Capito, Ranking Member

Good Morning. First, I would like to thank Chairwoman Capito, Ranking Member Testimony of David Seltzer before the Financial Institutions and Consumer Credit Subcommittee of the Financial Institutions Committee of US House of Representatives. Thursday, February 17, 2011 Good Morning.

More information

Motor Accidents Compensation Amendment (Claims and Dispute Resolution) Act 2007 No 95

Motor Accidents Compensation Amendment (Claims and Dispute Resolution) Act 2007 No 95 New South Wales Motor Accidents Compensation Amendment (Claims and Dispute Contents Page 1 Name of Act 2 2 Commencement 2 3 Amendment of Motor Accidents Compensation Act 1999 No 41 2 4 Amendment of other

More information

Dear Friends, What an exciting time to live in Michigan!

Dear Friends, What an exciting time to live in Michigan! Dear Friends, What an exciting time to live in Michigan! I think back to where we were just two short years ago and the progress is remarkable. In 2010, Michigan's unemployment rate averaged 12.6 percent;

More information

Liquor. (Occurrence Form)

Liquor. (Occurrence Form) Liquor LIABILITY INSURANCE POLICY (Occurrence Form) 95A Turnpike Road Westborough, MA 01581 (508) 366-1140 THIS POLICY JACKET WITH THE Liquor LIABILITY POLICY FORM, DECLARATIONS PAGE AND ENDORSEMENTS,

More information

SUPERIOR COURT OF THE STATE OF CALIFORNIA FOR THE COUNTY OF LOS ANGELES

SUPERIOR COURT OF THE STATE OF CALIFORNIA FOR THE COUNTY OF LOS ANGELES SUPERIOR COURT OF THE STATE OF CALIFORNIA FOR THE COUNTY OF LOS ANGELES If you received a call from or on behalf of Los Angeles Times Communications LLC, you could be entitled to benefits under a class

More information

The two sides disagree on how much money, if any, could have been awarded if Plaintiffs, on behalf of the class, were to prevail at trial.

The two sides disagree on how much money, if any, could have been awarded if Plaintiffs, on behalf of the class, were to prevail at trial. SUPERIOR COURT OF THE COUNTY OF LOS ANGELES If you are a subscriber of Kaiser Foundation Health Plan, Inc. and you, or your dependent, have been diagnosed with an autism spectrum disorder, you could receive

More information

ON: Examining Legislative Proposals to Modernize Business Development Companies and Expand Investment Opportunities

ON: Examining Legislative Proposals to Modernize Business Development Companies and Expand Investment Opportunities ON: Examining Legislative Proposals to Modernize Business Development Companies and Expand Investment Opportunities TO: House Committee on Financial Services, Subcommittee on Capital Markets and Government

More information

City of Stockton Tracking the Measure A Sales Tax Initiative

City of Stockton Tracking the Measure A Sales Tax Initiative City of Stockton Tracking the Measure A Sales Tax Initiative Revised Oct. 8, 2015 Observations by David Renison Measure A Citizens Advisory Committee Member and SJTA President davidrenison@cs.com The Tax

More information

Women and Hispanic Claims Program Talking Points September 6, 2012

Women and Hispanic Claims Program Talking Points September 6, 2012 Hispanic and Women Farmers and Ranchers Claims Process Women and Hispanic Claims Program Talking Points September 6, 2012 General message on USDA and civil rights We remain committed to resolving cases

More information

Pooling and Servicing Agreement, and no one has the real, original promissory note and mortgage.

Pooling and Servicing Agreement, and no one has the real, original promissory note and mortgage. Home Mortgage information How to find out if your lender and Servicing Bank followed these laws: HUD/FHA, Real Estate Settlement Procedures Act, Reg. X 3500.21(f)2 of the United States Uniform Commercial

More information

February 1, 2006. Honorable Arlen Specter Chairman Committee on the Judiciary United States Senate Washington, DC 20510. Dear Mr.

February 1, 2006. Honorable Arlen Specter Chairman Committee on the Judiciary United States Senate Washington, DC 20510. Dear Mr. CONGRESSIONAL BUDGET OFFICE U.S. Congress Washington, DC 20515 February 1, 2006 Honorable Arlen Specter Chairman Committee on the Judiciary United States Senate Washington, DC 20510 Dear Mr. Chairman:

More information

NEW JERSEY: PUBLIC REACTS TO BRIDGEGATE CHARGES

NEW JERSEY: PUBLIC REACTS TO BRIDGEGATE CHARGES Please attribute this information to: Monmouth University Poll West Long Branch, NJ 07764 www.monmouth.edu/polling Follow on Twitter: @MonmouthPoll Contact: PATRICK MURRAY 732-263-5858 (office), 732-979-6769

More information