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Human Rights in Ireland

Indymedia Ireland is a volunteer-run non-commercial open publishing website for local and international news, opinion & analysis, press releases and events. Its main objective is to enable the public to participate in reporting and analysis of the news and other important events and aspects of our daily lives and thereby give a voice to people.

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Lockdown Skeptics

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The post Britain “No Longer Believes in Free Speech for Christians” appeared first on The Daily Sceptic.

Reeves Should ?Quit and Be Prosecuted? After Breaking Law by Renting Out House Without Licence Thu Oct 30, 2025 13:25 | Will Jones
Rachel Reeves broke the law and?could be forced to hand back tens of thousands of pounds to tenants after renting out her family home without a licence, as the Tories call for her to quit and be prosecuted.
The post Reeves Should “Quit and Be Prosecuted” After Breaking Law by Renting Out House Without Licence appeared first on The Daily Sceptic.

NewsGuard Sent Us the Latest List of Our ?Misinformation?. Here?s How We Replied Thu Oct 30, 2025 11:00 | The Daily Sceptic
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The post NewsGuard Sent Us the Latest List of Our ‘Misinformation’. Here’s How We Replied appeared first on The Daily Sceptic.

Ed Miliband: Wind Power is Worse Than We Thought So We Need to Subsidise Even More of It Thu Oct 30, 2025 09:00 | Chris Morrison
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The post Ed Miliband: Wind Power is Worse Than We Thought So We Need to Subsidise Even More of It appeared first on The Daily Sceptic.

The Proportional Representation Lobby Thu Oct 30, 2025 07:00 | Charlotte Gill
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The post The Proportional Representation Lobby appeared first on The Daily Sceptic.

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Voltaire Network

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Puerto Rico House Approves Public Utility Reform Bill

international | economics and finance | news report

Tuesday February 16, 2016 20:03

by Greg

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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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