Contents: Big losses expected Monday when Greece’s stock market reopens; Puerto Rico to default on Tuesday; Venezuela’s collapsing economy receives $5 billion from China; Venezuela in border dispute with Guyana; Turkey returns to war with the Kurdish PKK
The effort to relieve, or bail out, the U.S. commonwealth of Puerto Rico from its current economic struggles has just received a big boost from the Obama administration.
Contents: Iran blamed for terrorist bombing in Bahrain; Puerto Rico expected to default on Saturday; China’s government to continue buying stocks to stabilize markets
American Samoa is the only U.S. territory to refuse to comply with the Supreme Court’s decision to legalize same-sex marriage through U.S. law.
Contents: France reverses policy, will sell advanced defense weapons to Georgia; Greece joins Zimbabwe and Cuba in missing an IMF payment; Congress may enable bankruptcy courts for Puerto Rico; What were you doing last night at 23:59:60?
Puerto Rico’s governor said that the U.S. territory was in a “death spiral” and may default on the $72 billion debt it has accrued. “Even if we raise revenues and cut costs, the magnitude of the problem is such that we would not resolve anything given the weight of the debt we’re dragging,” the Democratic governor, Garcia Padilla, said in a public address.
SAN JUAN, Puerto Rico (AP) — The governor warned that Puerto Rico can’t pay its $72 billion public debt as international economists released a critical report Monday on the island’s economy.
Greece’s banks will be closed indefinitely, starting on Monday, after the European Central Bank (ECB) announced that it will end liquidity funding that was being used to prevent a Greek banking collapse.
On June 19, a Puerto Rican commonwealth court abolished the territory’s registry and licensing requirements for firearms, thereby making the Second Amendment the only requisite necessary to carry firearms openly or concealed.
Fiercely successful, Kimberly Guilfoyle has taken an inspiring path on her way to becoming the woman she is today, finding out at the age of nine that her mother was dying of leukemia and losing her at 11-years-old.
SAN JUAN, Puerto Rico (AP) — Jeb Bush confronted one of the Republican Party’s touchiest debates head-on Tuesday, telling Puerto Ricans that conservatives should be proud that America is “an immigrant nation” and value the contribution immigrants make to the country.
Puerto Rico bankruptcy may be imminent, potentially a ‘seminal event’; Israel releases tax revenue collections to Palestinian Authority; Mideast nations line up for and against Saudi airstrikes in Yemen; Mideast countries opposed to Saudi intervention in Yemen
