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Puerto Rico Debt Crisis: Governor Padilla Loses His Own Party's Support

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With the current debt crisis in Puerto Rico, Governor Alejandro Garcia Padilla is slowly losing the backing of his own party. Reuters  noted that this could increase the chances that he will not seek reelection for the polls next November. It added that his ratings dived to 12 percent and, worse, mayors and local politicians from his own party, the Popular Democratic Party (PPD), have withdrawn support for him. "Support from such officials in Puerto Rico's towns is crucial for effective governance," noted the same report. It may be bad for Padilla, but Reuters said this is great news for the opposition party, the New Progressive Party (PNP). It is expected to favor holders of the island's debt, amounting to $72 billion. "Creditors would have higher priority in the minds of a PNP candidate," Height Securities analyst, Daniel Hanson, told Reuters. According to Bloomberg , the country faces a dilemma to either pay bondholders $354 million by Dec. 1, ...

Puerto Rico Governor loses support of mayors as debt crisis bites

Puerto Rico's debt crisis takes its toll on the U.S. territory's economy, Governor Alejandro Garcia Padilla is losing support within his own party, increasing the chances he won't seek reelection next November. His public approval ratings are dire - just 12 percent in a recent poll by newspaper El Nuevo Dia - but more detrimental to his campaign plan is the growing number of mayors and other local politicians from his Popular Democratic Party (PPD) who have deserted him. Support from such officials in Puerto Rico's towns is crucial for effective governance. The governor's struggles are good news for the main opposition party, the New Progressive Party (PNP), which in turn may favor holders of the Caribbean island's $72 billion in debt, including foreign creditors. PNP gubernatorial candidates, who include Pedro Pierluisi, Puerto Rico's representative in Congress, and Ricky Rossello, the son of a revered ex-governor, have said they support trying to pay ...

U.S.English Chairman Criticizes Ben Carson's Stance on Puerto Rico Statehood

WASHINGTON, DC --(Marketwired - November 11, 2015) - U.S.English Chairman Mauro E. Mujica today criticized Republican presidential candidate Ben Carson for endorsing statehood for Puerto Rico. At a recent political convention, Carson stated that he "would be incredibly honored and delighted" to support Puerto Rico statehood, noting that geographically, the commonwealth is "very strategically located" and suggesting that given the threat of terrorism, statehood would mean added "unity" for the United States. Upon hearing Dr. Carson's remarks, Chairman Mujica issued the following statement: U.S.English, Inc. is the nation's oldest and largest non-partisan citizens' action group dedicated to preserving the unifying role of the English language in the United States. Founded in 1983 by the late Sen. S.I. Hayakawa of California, U.S.English, Inc. ( www.usenglish.org ) now has more than 2 million members. CONTACT: U.S.English (202) 833-0100 U.S.E...

Carson to endorse Puerto Rico statehood: report

Republican presidential candidate Ben Carson will advocate for Puerto Rico become a state at an event on the island Sunday, BuzzFeed News reported.   Carson is attending a rally for Ricky Rosello, a gubernatorial candidate in the U.S. commonwealth’s pro-statehood party.   A source told BuzzFeed that endorsing Puerto Rican statehood was a condition for Carson speaking at the event.   Several candidates in the 2016 presidential race are in favor of extending statehood to the island as the long as Puerto Ricans vote in favor, including Sen. Marco Rubio (R-Fla.) and former Florida Gov. Jeb Bush.   Carson’s endorsement comes several days before 13 Republicans are set to appear at the Sunshine Summit in Orlando, Fla., where Puerto Ricans are a fast-growing constituency. While Puerto Rico cannot participate in the general election, it will award 23 delegates in the primary elections. By Bradford Richardson Carson to endorse Puerto Rico statehood: report

Republican Party in Puerto Rico selects new leaders

Puerto Rico's Republican Party is selecting new leaders while calling on GOP presidential candidates to support statehood for the U.S. territory. Jeb Bush, Jr., son of the former Florida governor and presidential candidate, attended the Sunday assembly and addressed the forum for his father. Presidential hopefuls Marco Rubio and George Pataki sent written statements. All three back statehood for Puerto Rico. About 1,235 Republican delegates ratified House Minority Leader Jenniffer Gonzalez Colon as party president and former Puerto Rico Gov. Luis Fortuno as national committeeman. They also chose attorney Zoraida Fonalledas as national committeewoman, Yauco Mayor Abel Nazario as first vice president and attorney Jorge San Miguel as second vice president. Gonzalez Colon recently announced plans to run in 2016 for resident commissioner, Puerto Rico's sole congressional representative. Read more here: http://www.miamiherald.com/latest-news/article42143520.html#storylink=cpy Rep...