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Irish Left Review
Joined up thinking for the Irish Left

offsite link New Books Worth Reading Mon Sep 19, 2016 23:25 | Seán Sheehan

offsite link 13 Billion ? Lucky for some? Mon Sep 05, 2016 13:04 | Tony Phillips

offsite link Rebuilding Ireland: Long on Promise, Short on Detail Mon Aug 29, 2016 22:20 | Eoin O'Mahony

offsite link Brexit and Other Issues: Comments on the Current Situation Mon Aug 29, 2016 21:52 | Brendan Young

offsite link Bin Charges: From Private Circus to Public Service Tue Jun 21, 2016 12:38 | Michael Taft

Irish Left Review >>

Spirit of Contradiction

offsite link Interview with Cathal Goulding Mon Dec 26, 2016 17:11 | Cathal Goulding

offsite link Trump, Russia and the CIA Sat Dec 10, 2016 18:23 | Gavin Mendel-Gleason

offsite link Why is my rent so high? Mon Oct 31, 2016 18:51 | Gavin Mendel-Gleason

offsite link Review of Capitalism: Competition, Conflict, Crises by Anwar Shaikh Sun Oct 30, 2016 16:21 | Gavin Mendel-Gleason

offsite link Electoralism vs Abstentionism (Or: Why You Should Run For Office) Fri Aug 26, 2016 17:07 | Slyvia Smith

Spirit of Contradiction >>

Public Inquiry
Interested in maladministration. Estd. 2005

offsite link Catholic Church: The brutal truth

offsite link Catholic Church: Crimes against humanity Anthony

offsite link Fergus Finlay: Damaged by vile corruption? Anthony

offsite link Zimbabwe – Ireland: Same difference Anthony

offsite link Coveney and Varadkar: The battle of the balls Anthony

Public Inquiry >>

The Saker
A bird's eye view of the vineyard

offsite link Could the fire at the Europe?s largest munitions depot be Ben Hodges?s fault? Sat Mar 25, 2017 01:30 | Scott
After hitting rock bottom will Ukraine begin to rise again? Hitting a rock bottom can be very educational, as I found out this week. After I dropped a piece of

offsite link Speech of Lavrov at the Military Academy of the General Staff Fri Mar 24, 2017 18:00 | Scott
  Foreign Minister Sergey Lavrov?s remarks and answers to questions during a lecture for senior officers of the Military Academy of the General Staff, Moscow, March 23, 2017 23 March

offsite link Balakleya munitions depot disaster Ukraine SITREP Thu Mar 23, 2017 21:54 | Scott
In Balakleya Tochka-U and Grad missiles explosions over the town, 24 hours of this On the night of March 23, a fire broke out on the territory of the military

offsite link Syrian War Report ? March 23, 2017: Govt Forces Face Crisis In Northern Hama Thu Mar 23, 2017 16:45 | Scott
https://southfront.org/syrian-war-rep... If you?re able, and if you like our content and approach, please support the project. Our work wouldn?t be possible without your help: PayPal: southfront@list.ru or via: http://southfront.org/donate/ or

offsite link Moveable Feast Cafe 2017/03/23 ? Open Thread Thu Mar 23, 2017 06:30 | Herb Swanson
2017/03/23 06:30:01Welcome to the ‘Moveable Feast Cafe’. The ‘Moveable Feast’ is an open thread where readers can post wide ranging observations, articles, rants, off topic and have animate discussions of

The Saker >>

Puerto Rico House Approves Public Utility Reform Bill

category international | economics and finance | news report author Tuesday February 16, 2016 20:03author by Greg Report this post to the editors

Legislation Part of Proposed Debt Deal

Puerto Rico's House of Representatives approved legislation to reform its highly indebted public utility company "PREPA."

The utility company's investors want the reform package before they approve a debt restructuring deal that includes a 15 percent cut in repayments. The bill passed the island's Senate but was amended in the House so will now head back to the Senate for another vote. Puerto Rico is likely to get an extension from lenders on a midnight February 16 deadline to pass the legislation.

"While the deal does offer some relief, it's hardly a model to deal with the island's debt," stated Eric LeCompte, executive director of the religious development coalition Jubilee USA. "If we saw a broader deal along these lines it would fail to bring Puerto Rico's debt back to sustainable levels."

PREPA's $8 billion debt is part of the portion of Puerto Rico's debt impacted by the island's exclusion from Chapter 9 of the US bankruptcy code. Both Republicans and Democrats in Congress have introduced legislation to extend Chapter 9 to Puerto Rico. The US House of Representatives' Natural Resources Committee is drafting legislation to address Puerto Rico's debt crisis and will hold its third hearing on the issue February 25.

"It's clear we are now in a critical stage of this crisis," noted LeCompte, who testified at the Natural Resources Committee's February 2 hearing. "Congress can't stand on the sidelines any longer."

Jubilee USA Network is an alliance of more than 75 US organizations and 550 faith communities working with 50 Jubilee global partners. Jubilee's mission is to build an economy that serves, protects and promotes the participation of the most vulnerable. Jubilee USA has won critical global financial reforms and more than $130 billion in debt relief to benefit the world's poorest people. www.jubileeusa.org

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