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Puerto Rico struggling to pay off public debt
2015-06-29 23:18:09| IT Services - Topix.net
Puerto Rico's deepening financial crisis could speed up an exodus of money from U.S. municipal bond funds that have placed big bets on the cash-strapped Caribbean island. Investors, for example, pulled $634 million from muni bond funds run by OppenheimerFunds during the first five months of 2015, according to Lipper Inc, a unit of Thomson Reuters.
Puerto Rico 'can't pay $72bn debt'
2015-06-29 21:28:36| BBC News | Business | UK Edition
Puerto Rico's governor says the US territory cannot pay its $72bn (45bn) debt and is close to defaulting ahead of emergency talks with legislators.
Tags: pay
rico
puerto
puerto rico
Statutory Accounting Fraud Under RICO
2015-06-19 12:03:09| Agriculture - Topix.net
Echoing New York's regulatory criticism concerning the use of captive reinsurers and similar allegations in recent class actions filed against several New York life insurers, an annuity contract owner has filed a putative nationwide class complaint against Fidelity & Guarantee Life Insurance Company , its indirect parent, Harbinger Group, Inc., and two affiliates based on allegations of statutory accounting fraud. Unlike the other cases, which asserted violations of New York insurance law, plaintiffs are pursuing their claims under the Racketeer Influenced and Corrupt Organization Act , 18 U.S.C. 1961 et seq.
Tags: accounting
rico
fraud
statutory
Senator: Use RICO Laws to Prosecute Global Warming Skeptics
2015-06-04 14:52:00| Climate Ark Climate Change & Global Warming Newsfeed
Weekly Standard: Unless, of course, we're just going to scrap any pretense of political neutrality on questions of free speech. Top men like Sheldon Whitehouse can make sure we don't hear anything that we don't need to hear about scientific research and legally punish anyone who publicly disagrees. Otherwise, the natives get restless and start opposing whatever economic restrictions seem necessary to save us from ourselves. And as we all know, everything about the global warming debate is guided by altruism. No one's...
Tags: global
laws
rico
warming
Puerto Rico seeks proposals for Isla Grande dry dock and superyacht marina complex
2015-05-28 01:00:00| Ship Technology
Puerto Rico Ports Authority (PRPA) has issued a request for proposals (RfP) for the rehabilitation, improvement and operation of the Isla Grande Dry Dock in the City of San Juan, Puerto Rico.
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