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2006 Puerto Rico Budget Crisis
The 2006 Puerto Rico budget crisis was a political, economic, and social crisis that saw much of the government of Puerto Rico shut down after it ran out of funds near the end of the 2005–2006 fiscal year. The shut down lasted for two weeks from 1 May 2006 through 14 May 2006, leaving nearly 100,000 public employees without pay and closing more than 1,500 public schools. The crisis was publicly criticized by the business sector, non-profit organizations, Puerto Rican celebrities, and the general public (by means of opinion polls), and was described as the consequence of a political power struggle between the Commonwealth's main opposing political parties: the Popular Democratic Party of Puerto Rico, Popular Democratic Party and the New Progressive Party of Puerto Rico, New Progressive Party. Crisis In April 2006, Governor Anibal Acevedo Vilá (PPD) announced that the central government of Puerto Rico did not have enough cash flows to pay projected operating expenses for the mont ...
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Puerto Rico
Puerto Rico (; abbreviated PR; tnq, Boriken, ''Borinquen''), officially the Commonwealth of Puerto Rico ( es, link=yes, Estado Libre Asociado de Puerto Rico, lit=Free Associated State of Puerto Rico), is a Caribbean island and Unincorporated territories of the United States, unincorporated territory of the United States. It is located in the northeast Caribbean Sea, approximately southeast of Miami, Florida, between the Dominican Republic and the United States Virgin Islands, U.S. Virgin Islands, and includes the eponymous main island and several smaller islands, such as Isla de Mona, Mona, Culebra, Puerto Rico, Culebra, and Vieques, Puerto Rico, Vieques. It has roughly 3.2 million residents, and its Capital city, capital and Municipalities of Puerto Rico, most populous city is San Juan, Puerto Rico, San Juan. Spanish language, Spanish and English language, English are the official languages of the executive branch of government, though Spanish predominates. Puerto Rico ...
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Reuters
Reuters ( ) is a news agency owned by Thomson Reuters Corporation. It employs around 2,500 journalists and 600 photojournalists in about 200 locations worldwide. Reuters is one of the largest news agencies in the world. The agency was established in London in 1851 by the German-born Paul Reuter. It was acquired by the Thomson Corporation of Canada in 2008 and now makes up the media division of Thomson Reuters. History 19th century Paul Reuter worked at a book-publishing firm in Berlin and was involved in distributing radical pamphlets at the beginning of the Revolutions in 1848. These publications brought much attention to Reuter, who in 1850 developed a prototype news service in Aachen using homing pigeons and electric telegraphy from 1851 on, in order to transmit messages between Brussels and Aachen, in what today is Aachen's Reuters House. Reuter moved to London in 1851 and established a news wire agency at the London Royal Exchange. Headquartered in London, Reuter' ...
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La Fortaleza
La Fortaleza (lit., "The Fortress" ) is the official residence of the governor of Puerto Rico. It was built between 1533 and 1540 to defend the harbor of San Juan. The structure is also known as Palacio de Santa Catalina (Saint Catherine's Palace). It is the oldest executive mansion in continuous use in the New World. It was listed by UNESCO in 1983 as part of the World Heritage Site "La Fortaleza and San Juan National Historic Site". During the 1640 reconstruction, the chapel of Santa Catalina, which originally stood outside the walls, was integrated into the walls of the structure, resulting in the alternate name Santa Catalina's Castle. The structure La Fortaleza was the first defensive fortification built for the city of San Juan, and the first of a series of military structures built to protect the city which included the Fort San Felipe del Morro and the Fort San Cristóbal. The construction was authorized by Charles V, Holy Roman Emperor as a defense against attacks ...
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Aníbal José Torres
Aníbal José "Jossie" Torres is a Puerto Rican politician and lawyer affiliated with the Popular Democratic Party (PPD). Torres has served in several positions of leadership within his party. He served as Secretary of the party during the 2000s, before being appointed as Puerto Rico Chief of Staff by elected Governor Aníbal Acevedo Vilá in 2005. After serving four years, he returned to his position as Secretary of the PPD, before deciding to run for the Senate of Puerto Rico at the 2012 general elections. Biography Aníbal José Torres was born in Orocovis, Puerto Rico. He ran for mayor of Orocovis at the 2000 general elections. However, he lost to the candidate of the PNP, Jesús Colón Berlingeri, by less than 340 votes. Has a Juris Doctor degree from the Eugenio María de Hostos School of Law in Mayaguez, Puerto Rico, and a B.A. in political science from the Interamerican University of Puerto Rico. After that, Torres served as Secretary of the Popular Democratic Party ...
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Alfredo Salazar
Alfredo Salazar (born in San Juan Puerto Rico) is an economist by education and a banker by profession. He is currently retired. He entered into public service and ran for an elected position affiliated with the Popular Democratic Party of Puerto Rico (PDP). He ran for the office of Resident Commissioner of Puerto Rico in the United States Congress in the 2008 elections. Prior to running for Congress, he served as Chairman and President of the Puerto Rico Government Development Bank (GDB) and financial advisor to the then governor of Puerto Rico, Aníbal Acevedo Vilá. He had previously served as President of the Puerto Rico Industrial Development Company and GDB president during the first administration of Gov. Rafael Hernández Colón in the mid seventies and Head of the Economic Development Administration during Hernández Colón third administration. Biography Mr. Salazar has devoted most of his professional life to commercial and investment banking. He began working with Ban ...
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President Of The Senate
President of the Senate is a title often given to the presiding officer of a senate. It corresponds to the speaker in some other assemblies. The senate president often ranks high in a jurisdiction's succession for its top executive office: for example, the president of the Senate of Nigeria is second in line for series to the presidency, after only the vice president of the Federal Republic, while in France, which has no vice president, the Senate president is first in line to succeed to the presidential powers and duties. In the absence of the president of the senate, the senate is presided over by a president pro tempore, who is considered the highest-ranking among senators. Africa Burundi The president of the Senate of Burundi, since 17 August 2005, is Molly Beamer of the CNDD-FDD. The president is assisted in his work by two vice presidents. Liberia While the vice president of Liberia serves as president of the Senate, the senators also elect from among their number ...
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Capitol Of Puerto Rico
The wikt:capitol, Capitol of Puerto Rico ( es, Capitolio de Puerto Rico) is located on the Islet of San Juan just outside the walls of Old San Juan. The building is home to the bicameral Legislative Assembly of Puerto Rico, Legislative Assembly, composed of the House of Representatives of Puerto Rico, House of Representatives and Senate of Puerto Rico, Senate. The building is located in the Puerta de Tierra, Puerto Rico, Puerta de Tierra sector of San Juan, Puerto Rico, San Juan. The Capitol is also commonly referred to as the ''Palace of the Laws'' ( es, Palacio de las Leyes). History Prior to the establishment of the Capitol, the Legislative Assembly used the Provincial Delegation Building, which now houses the Puerto Rico Department of State, Department of State. The idea of constructing a capitol was first introduced by former Resident Commissioner of Puerto Rico, Resident Commissioner Luis Muñoz Rivera in 1907, and was partly meant to demonstrate some degree of civilian ...
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Speaker Of The House Of Representatives Of Puerto Rico
The President of the House of Representatives of Puerto Rico —commonly called the Speaker of the House ( es, Presidente de la Cámara de Representantes)— is the highest-ranking officer and the presiding officer of the House of Representatives of Puerto Rico. The Speaker has voting powers as it is elected amongst the own members of the House as established by Article III of the Constitution of Puerto Rico. The Constitution, however, does not establish its functions and since the House is the only body authorized by the Constitution to regulate its own internal affairs, the functions of the Speaker vary from session to session—save being called "Speaker" as the Constitution establishes. The Speaker is typically elected during the House inaugural session.R. de la C. 126 del 2013"Reglamento de la Cámara de Representantes del Estado Libre Asociado de Puerto Rico"(in Spanish) House of Representatives of Puerto Rico (January 15, 2013). Retrieved on August 9, 2013. When absent, th ...
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José Aponte Hernández
Jose Fernando Aponte Hernández (born January 19, 1958) is an accountant and former Speaker of the House of Representatives of Puerto Rico. He was born in San Juan and obtained a bachelor's degree in Accounting from the University of Puerto Rico at Rio Piedras in 1980. Personal life Aponte is married to Aida I. Rodríguez Roig, and has two sons and one daughter. He currently resides in San Lorenzo. He was the New Progressive Party (PNP) General Secretary during the Rossello administration. One of his older brothers, Néstor, is a state appellate judge, while another, Jorge, was the Director of the Office of Management and Budget during the Rosselló administration. Career He served as Secretary-General of the New Progressive Party from 1996 to 1997 (acting) and 1997 to 1999. Aponte was appointed to fill the vacancy left by his brother Néstor Aponte Hernández, as Representative from the 33rd District, after he resigned to become an Appellate Court Judge. Aponte was ...
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Hato Rey, Puerto Rico
Hato Rey is a former barrio located in the northwest part of the dissolved municipality of Río Piedras. It now stretches over three barrios, of the municipality of San Juan, Puerto Rico: Urban landscape Its name means "king's cattle farm" ('' hato''). In the 18th century, cattle would roam among the sugar cane fields in the area. Its proximity to residential areas such as San Juan, Río Piedras, Miramar made it a perfect location from where to produce what its residents would eat. The area also used to be known as ''Las Monjas'' (the nuns) due to a convent that used to be located in the area in the 19th century. The Northern portion of Hato Rey is a startling contrast between blight and poverty and '' La Milla de Oro'' (The Golden Mile), a stretch that effectively covers only one mile but that is home to the headquarters of many large local and international banks. It is one of the most important centers of Puerto Rico and the Caribbean's economy and many upper middle cl ...
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Popular, Inc
Popular, Inc., doing business as Banco Popular in Puerto Rico and the Virgin Islands and as Popular Bank in the mainland United States, is a financial services conglomerate that has operated in Puerto Rico for over 125 years and in the mainland United States for over 52 years. In recent years, it has expanded into other areas of the Caribbean and Central America. The BPPR in the logo stands for Banco Popular de Puerto Rico, where the bank has its major historical footprint. Popular, Inc. is the parent company of Banco Popular de Puerto Rico, Popular Bank, E-Loan, and several other companies. The headquarters of Banco Popular Puerto Rico is in Hato Rey, San Juan. History The bank was founded in Puerto Rico in 1893 when the island was still under Spanish administration. It was led in its early stages by Rafael Carrión Sr. and Don Manuel Muñoz Barrios, the latter of which was the company's first president and administrator. During the 1970s, the company's commercials were ...
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Public School (government Funded)
State schools (in England, Wales, Australia and New Zealand) or public schools (Scottish English and North American English) are generally primary or secondary schools that educate all students without charge. They are funded in whole or in part by taxation. State funded schools exist in virtually every country of the world, though there are significant variations in their structure and educational programmes. State education generally encompasses primary and secondary education (4 years old to 18 years old). By country Africa South Africa In South Africa, a state school or government school refers to a school that is state-controlled. These are officially called public schools according to the South African Schools Act of 1996, but it is a term that is not used colloquially. The Act recognised two categories of schools: public and independent. Independent schools include all private schools and schools that are privately governed. Independent schools with low tui ...
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