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 The Americans wet their pants because of the Russian Tu-160 in Venezuela Fri Dec 14, 2018 04:04 | Scott
by Ruslan Ostashko Translated and subtitled by Eugenia    

offsite link Ankara stalls the Sochi agreement while Washington builds new military bases in Syria: some thoughts... Fri Dec 14, 2018 02:36 | The Saker
by Aram Mirzaei for The Saker Blog Three months have passed since the Sochi agreement on the so called Idlib demilitarized zone. The terms of the deal were that all

offsite link How the New Silk Roads are merging into Greater Eurasia Thu Dec 13, 2018 22:41 | The Saker
Russia is keen to push economic integration with parts of Asia and this fits in with China’s Belt and Road Initiative by Pepe Escobar (cross-posted with The Asia Times by

offsite link Turkey Threatens US-backed Kurdish Forces With New Operation Thu Dec 13, 2018 19:46 | Scott
Syrian War Report ? Dec. 13, 2018: Turkey Threatens US-backed Kurdish Forces With New Operation Turkey has threatened a new plan to launch a military operation against US-backed Kurdish groups

offsite link Saker 2018 ?man? of the year: the American ?dissidents? Thu Dec 13, 2018 05:09 | The Saker
[Cross-posted with the Unz Review] Once a year I like to pretend like my blog is some kind of “respectable” mainstream outlet and I engage in the (admittedly totally silly!)

The Saker >>

Human Rights in Ireland
A Blog About Human Rights

offsite link Human Rights Body In Africa Must Set A Better Example Wed Nov 14, 2018 16:13 | Human Rights

offsite link 112 Pro-Biafra Imo Women Arrested Sat Aug 25, 2018 16:30 | Human Rights

offsite link Traveller Community in Galway Fri Aug 03, 2018 16:28 | Human Rights

offsite link US Withdraw From UN Human Rights Council Thu Jul 19, 2018 16:32 | Human Rights

offsite link Maldives Remain UK Priority Thu Jul 19, 2018 16:31 | Human Rights

Human Rights in Ireland >>

Cedar Lounge
For lefties too stubborn to quit

offsite link After Apollo? 14:51 Sat Dec 15, 2018 | WorldbyStorm

offsite link A Lovecraft podcast? 10:41 Sat Dec 15, 2018 | WorldbyStorm

offsite link Counterpart 09:41 Sat Dec 15, 2018 | WorldbyStorm

offsite link This Weekend I?ll Mostly Be Listening to?Belly, Dove 07:41 Sat Dec 15, 2018 | WorldbyStorm

offsite link Alan MacSimoin 1957-2018 Anarchist activist. 22:00 Fri Dec 14, 2018 | 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."

© 2001-2018 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