Blog Feeds

Public Inquiry
Interested in maladministration. Estd. 2005

offsite link Alison O’Connor and professional deceit

offsite link Educating Marian Finucane Anthony

offsite link Denis O’Brien: Are the sharks closing in? Anthony

offsite link Kathy Sheridan: Afraid to speak truth to power? Anthony

offsite link Una Mullally: The youth of Ireland are on the march Anthony

Public Inquiry >>

The Saker
A bird's eye view of the vineyard

offsite link Chemical Weapons Warehouse Exploded In Western Aleppo Tue Apr 23, 2019 03:11 | Scott
Syrian War Report ? Apr. 22, 2019: Chemical Weapons Warehouse Exploded In Western Aleppo https://southfront.org/syri... A supposed chemical weapons warehouse of Hay?at Tahrir al-Sham (formerly Jabhat al-Nursa) near city of

offsite link Lavrov?s interview for Zvezda network Tue Apr 23, 2019 02:56 | Scott
Foreign Minister Sergey Lavrov?s interview for Glavnoye with Olga Belova programme on Zvezda network, Moscow, April 21, 2019 http://www.mid.ru/ru/foreig... Olga Belova: Mr Lavrov, thank you so much for agreeing to

offsite link Russian Embassy in the USA official reaction to the Mueller Report (MUST READ) Mon Apr 22, 2019 17:22 | The Saker

offsite link Putin Won ? Time Magazine Annoyed That He Does More Than Superman Sun Apr 21, 2019 20:39 | Scott
by Angelina Proskurina Translated and captioned by Leo.   Hello friends, with you is Angelina Proskurina, and today I would like to talk about latest issue of the popular American

offsite link Moveable Feast Cafe 2019/04/20 ? Open Thread Sat Apr 20, 2019 18:30 | Herb Swanson
2019/04/20 17:30:01Welcome to the ‘Moveable Feast Cafe’. The ‘Moveable Feast’ is an open thread where readers can post wide ranging observations, articles, rants, off topic and have animate discussions of

The Saker >>

Human Rights in Ireland
A Blog About Human Rights

offsite link China?s LGBT Community Mon Apr 15, 2019 19:19 | Human Rights

offsite link Declaration of Human Rights at Sea Mon Apr 08, 2019 07:31 | Human Rights

offsite link NZ Watchdog On Limits Of Free Speech Thu Mar 28, 2019 11:44 | Human Rights

offsite link US Abortion Restrictions Violating The Human Rights Of Women Thu Mar 14, 2019 15:33 | Human Rights

offsite link Human Rights Watch Urges the Human Rights Council to Renew and Strengthen Mandate of UN Commission Tue Mar 12, 2019 21:51 | Human Rights

Human Rights in Ireland >>

Cedar Lounge
For lefties too stubborn to quit

offsite link Left Archive: The Easter Rising as History: Our History, September 1966, History Group of the Commun... 06:01 Mon Apr 22, 2019 | WorldbyStorm

offsite link Weekend polls 09:54 Sun Apr 21, 2019 | WorldbyStorm

offsite link Sunday and the Week?s Media Stupid Statement 09:45 Sun Apr 21, 2019 | guestposter

offsite link Indifferent futility 07:53 Sun Apr 21, 2019 | guestposter

offsite link SP Euro Election Poster 15:41 Sat Apr 20, 2019 | irishelectionliterature

Cedar Lounge >>

Senate Bill Offers Debt Relief for Puerto Rico

category international | economics and finance | press release author Wednesday July 25, 2018 18:56author by Lydia Andrews - Jubilee USA Network Report this post to the editors

New Senate legislation offers additional options for Puerto Rico to cut its debt. Senators Elizabeth Warren (D-MA), Bernie Sanders (I-VT), Kirsten Gillibrand (D-NY), Ed Markey (D-MA) and Kamala Harris (D-CA) introduced the US Territorial Relief Act. If Congress passes the act, US Territories that experience natural disasters could qualify for debt relief.

"Puerto Rico continues to struggle with the aftermath of Hurricanes Maria and Irma," noted Puerto Rico Archbishop Roberto González Nieves. "The hurricanes were made worse by debt crisis and austerity policies. Legislation such as this, can provide us more options for debt relief and greater transparency in the finances of our island."

The bill also creates an audit commission to study the causes of the debt. US Territories, like Puerto Rico, would qualify for relief if two of three criteria are met. The specific criteria refer to population decrease, receiving federal disaster aid and the total debt per person exceeds $15,000.

Both Puerto Rico and the US Virgin Islands likely meet the Senate Bill's eligibility requirements.

“Beyond debt relief, Puerto Rico and the US Virgin Islands still need Congress to authorize more disaster aid to rebuild to withstand the coming storms," stated Jubilee USA Executive Director Eric LeCompte. LeCompte serves on United Nation debt expert groups and works with Puerto Rico religious leaders on resolving the debt crisis. "Without seriously cutting Puerto Rico's debt there is little hope for reducing the high child poverty rate, let alone seeing sustainable economic growth."

© 2001-2019 Independent Media Centre Ireland. Unless otherwise stated by the author, all content is free for non-commercial reuse, reprint, and rebroadcast, on the net and elsewhere. Opinions are those of the contributors and are not necessarily endorsed by Independent Media Centre Ireland. Disclaimer | Privacy