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Financial Oversight And Management Board For Puerto Rico
Financial Oversight and Management Board for Puerto Rico (FOMBPR), colloquially known as ''La Junta de Control/Supervisión Fiscal'' is a government entity whose role to revise and approve the budget and obligations of the government of Puerto Rico was created by federal law PROMESA. History Creation On August 31, 2016, Barack Obama appointed the seven members of the board. In March 2017, Natalie Jaresko, former Minister of Finance in Ukraine, was appointed as the board's executive director. In 2019, Christian Sobrino, PROMESA's Representative of the Puerto Rican government, resigned in the wake of the Telegramgate scandal effective immediately on July 13 2019. On September 1, 2020, ''El Nuevo Día'' newspaper reports that USDA Rural Development State Director Josué Rivera was mentioned as a potential nominee for the Board. ''FOMBPR v. Aurelius Investment, LLC'' Composition of the FOMBPR Current members Former members Officers Authority Appointed by the Speaker of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Federal Government Of The United States
The federal government of the United States (U.S. federal government or U.S. government) is the national government of the United States, a federal republic located primarily in North America, composed of 50 states, a city within a federal district (the city of Washington in the District of Columbia, where most of the federal government is based), five major self-governing territories and several island possessions. The federal government, sometimes simply referred to as Washington, is composed of three distinct branches: legislative, executive, and judicial, whose powers are vested by the U.S. Constitution in the Congress, the president and the federal courts, respectively. The powers and duties of these branches are further defined by acts of Congress, including the creation of executive departments and courts inferior to the Supreme Court. Naming The full name of the republic is "United States of America". No other name appears in the Constitution, and this i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
José Ramón González
José Ramón González is a Puerto Rican financial executive. He is the President and Chief Executive Officer of the Federal Home Loan Bank of New York since 2014. He formerly served as Senior Executive Vice President of Oriental Financial Group and former President and CEO of Santander Puerto Rico, Puerto Rico's second largest financial institution. González also served from 1986 to 1989 as president of the Puerto Rico Government Development Bank during the administration of Governor Rafael Hernández Colón. In 2016 he was named to the PROMESA oversight board in charge of resolving the Puerto Rican government-debt crisis The Puerto Rican government-debt crisis was a financial crisis affecting the government of Puerto Rico. The crisis began in 2014 when three major credit agencies downgraded several bond issues by Puerto Rico to "junk status" after the governmen ... Where he served until August 2020 References Living people Puerto Rican businesspeople Presidents of th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
History Of Puerto Rico By Topic
History (derived ) is the systematic study and the documentation of the human activity. The time period of event before the invention of writing systems is considered prehistory. "History" is an umbrella term comprising past events as well as the memory, discovery, collection, organization, presentation, and interpretation of these events. Historians seek knowledge of the past using historical sources such as written documents, oral accounts, art and material artifacts, and ecological markers. History is not complete and still has debatable mysteries. History is also an academic discipline which uses narrative to describe, examine, question, and analyze past events, and investigate their patterns of cause and effect. Historians often debate which narrative best explains an event, as well as the significance of different causes and effects. Historians also debate the nature of history as an end in itself, as well as its usefulness to give perspective on the problems of the p ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Local Government Finance
Local may refer to: Geography and transportation * Local (train), a train serving local traffic demand * Local, Missouri, a community in the United States * Local government, a form of public administration, usually the lowest tier of administration * Local news, coverage of events in a local context which would not normally be of interest to those of other localities * Local union, a locally based trade union organization which forms part of a larger union Arts, entertainment, and media * ''Local'' (comics), a limited series comic book by Brian Wood and Ryan Kelly * ''Local'' (novel), a 2001 novel by Jaideep Varma * Local TV LLC, an American television broadcasting company * Locast, a non-profit streaming service offering local, over-the-air television * ''The Local'' (film), a 2008 action-drama film * '' The Local'', English-language news websites in several European countries Computing * .local, a network address component * Local variable, a variable that is given loca ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Government Bonds
A government bond or sovereign bond is a form of bond issued by a government to support public spending. It generally includes a commitment to pay periodic interest, called coupon payments'','' and to repay the face value on the maturity date. For example, a bondholder invests $20,000, called face value or principal, into a 10-year government bond with a 10% annual coupon; the government would pay the bondholder 10% interest each year and repay the $20,000 original face value at the date of maturity (i.e. after 10 years). Government bonds can be denominated in a foreign currency or the government's domestic currency. Countries with less stable economies tend to denominate their bonds in the currency of a country with a more stable economy (i.e. a hard currency). When governments with less stable economies issue bonds, there is a possibility they will be unable to repay bondholders, resulting in a default. All bonds carry a default risk. International credit rating agencies p ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
2016 In Puerto Rico
Sixteen or 16 may refer to: *16 (number), the natural number following 15 and preceding 17 *one of the years 16 BC, AD 16, 1916, 2016 Films * ''Pathinaaru'' or ''Sixteen'', a 2010 Tamil film * ''Sixteen'' (1943 film), a 1943 Argentine film directed by Carlos Hugo Christensen * ''Sixteen'' (2013 Indian film), a 2013 Hindi film * ''Sixteen'' (2013 British film), a 2013 British film by director Rob Brown Music * The Sixteen, an English choir *16 (band), a sludge metal band *Sixteen (Polish band), a Polish band Albums * ''16'' (Robin album), a 2014 album by Robin * 16 (Madhouse album), a 1987 album by Madhouse * ''Sixteen'' (album), a 1983 album by Stacy Lattisaw *''Sixteen'' , a 2005 album by Shook Ones * ''16'', a 2020 album by Wejdene Songs * "16" (Sneaky Sound System song), 2009 * "Sixteen" (Thomas Rhett song), 2017 * "Sixteen" (Ellie Goulding song), 2019 *"16", by Craig David from '' Following My Intuition'', 2016 *"16", by Green Day from ''39/Smooth'', 1990 *"16", by Hig ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economy Of Puerto Rico
The economy of Puerto Rico is classified as a high income economy by the World Bank and as the most competitive economy in Latin America by the World Economic Forum. The main drivers of Puerto Rico's economy are manufacturing, primarily pharmaceuticals, textiles, petrochemicals, and electronics; followed by the service industry, notably finance, insurance, real estate, and tourism. The geography of Puerto Rico and its political status are both determining factors on its economic prosperity, primarily due to its relatively small size as an island; its lack of natural resources used to produce raw materials, and, consequently, its dependence on imports; as well as its relationship with the United States federal government, which controls its foreign policies while exerting trading restrictions, particularly in its shipping industry. At the macroeconomic level Puerto Rico has been experiencing an economic depression for consecutive years, starting in 2006 after a series of ne ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Territories Of The United States
Territories of the United States are sub-national administrative divisions overseen by the federal government of the United States. The various American territories differ from the U.S. states and Indian reservation, tribal reservations as they are not Sovereignty, sovereign entities. In contrast, each state has a sovereignty separate from that of the federal government and each federally recognized Native American tribe possesses limited tribal sovereignty in the United States, tribal sovereignty as a "dependent sovereign nation". Territories are classified by #Incorporated vs. unincorporated territories, incorporation and whether they have an "organized" government through an organic act passed by the United States Congress, Congress. American territories are under American sovereignty and, consequently, may be treated as part of the United States ''proper'' in some ways and not others (i.e., territories belong to, but are not considered to be a part of, the United States). ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Puerto Rican Government-debt Crisis
The Puerto Rican government-debt crisis was a financial crisis affecting the government of Puerto Rico. The crisis began in 2014 when three major credit agencies downgraded several bond issues by Puerto Rico to "junk status" after the government was unable to demonstrate that it could pay its debt. The downgrading, in turn, prevented the government from selling more bonds in the open market. Unable to obtain the funding to cover its budget imbalance, the government began using its savings to pay its debt while warning that those savings would eventually be exhausted. To prevent such a scenario, the United States Congress enacted a law known as PROMESA, which appointed an oversight board with ultimate control over the Commonwealth's budget. As the PROMESA board began to exert that control, the Puerto Rican government sought to increase revenues and reduce its expenses by increasing taxes while curtailing public services and reducing government pensions. These measures provoked soc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bernie Sanders
Bernard Sanders (born September8, 1941) is an American politician who has served as the junior United States senator from Vermont since 2007. He was the U.S. representative for the state's at-large congressional district from 1991 to 2007. Sanders is the longest-serving independent in U.S. congressional history. He has a close relationship with the Democratic Party, having caucused with House and Senate Democrats for most of his congressional career. He is often seen as a leader of the democratic socialist movement in the United States. Sanders unsuccessfully sought the Democratic Party nomination for president of the United States in 2016 and 2020, finishing in second place in both campaigns. Before his election to Congress, he was mayor of Burlington, Vermont. Born into a working-class Jewish family and raised in the Brooklyn borough of New York City, Sanders attended Brooklyn College before graduating from the University of Chicago in 1964. While a student, he wa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Alexandria Ocasio-Cortez
Alexandria Ocasio-Cortez (; ; born October 13, 1989), also known by her initials AOC, is an American politician and activist. She has served as the U.S. representative for New York's 14th congressional district since 2019, as a member of the Democratic Party. The district includes the eastern part of the Bronx, portions of north-central Queens, and Rikers Island in New York City. On June 26, 2018, Ocasio-Cortez drew national recognition when she won the Democratic Party's primary election for New York's 14th congressional district. She defeated Democratic Caucus Chair Joe Crowley, a 10-term incumbent, in what was widely seen as the biggest upset victory in the 2018 midterm election primaries. She easily won the November general election, defeating Republican Anthony Pappas. She was reelected in the 2020 election, defeating John Cummings. Taking office at age 29, Ocasio-Cortez is the youngest woman ever to serve in the United States Congress. She has been noted for h ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Frances Negrón-Muntaner
Frances Negrón-Muntaner (born 1966) is a Puerto Rican filmmaker, writer, and scholar. Her work is focused on a comparative exploration of coloniality, primarily in Puerto Rico and the United States, with special attention given to the intersections between race, ethnicity, gender, sexuality and politics. She is an associate professor of English and Comparative Literature and Director of the Center for the Study of Ethnicity and Race at Columbia University in New York City. She has also contributed to the Huffington Post, El Diario/La Prensa, and 80 Grados, and since 2008 has served as a Global Expert for the United Nations Rapid Response Media Mechanism. She is one of the best-known Puerto Rican lesbian artists currently living in the United States. Life and education Negrón-Muntaner was born in Santurce, Puerto Rico. She comes from a family of academics: both of her parents were professors at the University of Puerto Rico, Río Piedras. [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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