Puerto Rico News
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President Barack Obama previewed a theme for his re-election campaign to a union gathering in Washington, saying the Republican presidential candidates would have left the auto industry and its workers “hung out to dry.”
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Puerto Rico has 3.7 million residents, a storied capital, more than 300 miles of stunning coastline, an average temperature of 80 degrees Fahrenheit -- and, in 2011, a homicide rate more than five times that of the mainland U.S. and higher than that of Mexico.
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For the past four years, U.S. states struggled to close more than $500 billion of budget shortfalls caused by the recession, ushering in tax increases, spending cuts and clashes with public-employee unions.
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On Feb. 15, Mitt Romney’s campaign held a conference call with political reporters to discuss the candidate’s prospects in the Michigan primary. Rick Santorum, who had just won contests in Colorado, Minnesota and Missouri, was leading by as much as 15 percentage points in state polls.
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Gasoline stockpiles in independent storage fell to an eight-week low in Europe’s Amsterdam- Rotterdam-Antwerp oil-trading hub as exports rose, according to PJK International BV.
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The Puerto Rico Aqueduct and Sewer Authority, which carries the lowest investment grade by Standard & Poor’s, plans to issue $1.25 billion in tax-exempt revenue bonds tomorrow in the year’s biggest muni sale.
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The U.S. Virgin Islands will confront the threat of a debt downgrade when one of the region’s largest oil refineries shuts down this month, doubling joblessness on St. Croix, the archipelago’s poorest island.
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President Barack Obama freed 10 states from provisions of the No Child Left Behind education- testing law after they proposed alternative ways to hold schools accountable for student achievement.
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America Movil SAB, the Latin American wireless-service provider controlled by billionaire Carlos Slim, will begin rolling a wireless network upgrade to LTE/4G in Puerto Rico “in the coming weeks,” said equipment supplier Alcatel-Lucent.
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While Super Bowl fans are riding zip lines through downtown Indianapolis this week in the runup to the National Football League’s championship game, taxpayers are digging deeper in their pockets to pay for the stadium where the game will be played.
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