Dated notes on Puerto Rico
Puerto Rico news: economy and politics
This desk gathers dated notes on the economy and politics of Puerto Rico, taken from named outlets. It is not the magazine's historical archive. Each note cites its outlet. It is not original reporting.
A dated, sourced desk. Each note names its outlet. It is not original reporting. Figures are those the source published. If sources disagree, both layers are left in place.
Commonwealth’s credit rating drops
3 Jun 2005. S&P GO A−→BBB; Moody’s Baa1→Baa2 (19 May); GDB/AFI/UPR. Cousin 676.
DOJ: Matos Burgos indicted — Tricon kickback conspiracy
Indict: $31K received; Gate contracts >$1 million; 18 U.S.C. § 371; indictment ≠ conviction. Cousin →673 (Gate/Colón plea).
DOJ: Gate Engineering and Albith Colón plead guilty to Tricon kickbacks
19 May 2005. Electrical contracts >$1 million. Plea ≠ sentence. Cousin 669.
Fiscal crisis — deficit may reach $2 billion
24 Feb 2005. Structural deficit ~$2 billion; OGP/GDB ~$1.4B; debt ~$38B; underfunded pensions.