Gov.-elect Glenn Youngkin has reached outside of Virginia for his secretary of finance — way outside, all the way to Tokyo via New York City. Youngkin’s choice, Steve Emery Cummings, retired in March after more than five years as president and CEO of Mitsubishi FFJ Financial Group in the Americas, based in Manhattan. Cummings has … Continued
The United States Senate approved this morning – out loud – the legislation that would amend the Promesa law to prevent conflicts of interest in the process of restructuring the public debt of Puerto Rico and of the contractors of the Oversight Board Fiscal (JSF). The measure was ratified just at the close of the 2021 sessions. Because … Continued
The Invest Puerto Rico organization announced a new campaign that seeks to attract businesses and investors from various cities in the United States such as New York, Boston and San Francisco, especially Silicon Valley. The campaign, which has an investment of $ 4.7 million, is financed with CDBG-DR recovery funds that the organization received and they hope that … Continued
Wholesale prices increased at their quickest pace ever in November in the latest sign that the inflation pressures bedeviling the economy are still present, the Labor Department reported Tuesday. The producer price index for final demand products increased 9.6% over the previous 12 months after rising another 0.8% in November. Economists had been looking for … Continued
Key Takeaways: Jobs growth in November 2021 dropped by over 60 percent relative to October and fell far short of expectations. Actual job growth was 210,000 versus an expected 573,000. The unemployment rate fell from 4.6 percent to 4.2 percent, but the employment-to-population ratio remains significantly below its pre-pandemic level, and the labor force participation … Continued
By a 2-1 margin, voters believe additional IRS funding for auditing and tax law enforcement will impact the middle-class, despite Democrats’ claims that it would be aimed at the wealthy. According to a new poll by HarrisX, 58 percent of voters believe that the Democrats’ plan to supersize the IRS would impact the middle class, compared … Continued
In the list of counterfeit products that enter Puerto Rico, there are drugs that, in other countries, such as the Dominican Republic , are sold as equivalent to registered trademarks, but that in the United States violate the intellectual property rights of the manufacturer. One of those products that comes from the neighboring Caribbean island is a pill … Continued
As Americans continue to suffer under the supply chain crisis that remains unmitigated and even mocked by the Biden administration, Republican governors are taking action to propose a solution to get the country’s goods moving again. “Operation Open Roads” is the name of the plan hatched by 15 Republican governors that aims to alleviate the … Continued
Since moving out of the Los Angeles area, Eva and Randy Fluker say they miss summer weekends at the beach, monthly trips to Disneyland and their favorite Mexican food and ramen joints. They don’t miss trying to squeeze their work life, two stuck-at-home kids and Ms. Fluker’s 98-year-old grandmother into a 1,700 square-foot house in Norwalk, … Continued
Florida Gov. Ron DeSantis announced Nov. 22 that he will ask state lawmakers to cut gas and fuel taxes by $1 billion in the upcoming January session of the legislature. DeSantis said that “nothing has pinched people more than these gas prices.” In addition to relief for Floridians via the tax cut, he called on fuel … Continued
The Fiscal Oversight Board (JSF) is expected to request today, Monday, Federal District Judge Laura Taylor Swain to confirm the plan that would modify some $ 33 billion in central government obligations while indicating that the government has no reason to oppose -at the last minute- the changes that were made to the Adjustment Plan (PDA) after the … Continued
The Biden administration on Friday is expected to propose a rule that aims to reinstate the ban on roads in about half of Alaska’s Tongass National Forest that some state leaders say will hurt economic growth, according to a report. The Washington Post, citing two individuals with knowledge of the Agriculture Department’s U.S. Forest Service’s proposal, said the move— if … Continued
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