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Lockdown Skeptics

News Round-Up Sat Jan 18, 2025 01:49 | Toby Young
A summary of the most interesting stories in the past 24 hours that challenge the prevailing orthodoxy about the ?climate emergency?, public health ?crises? and the supposed moral defects of Western civilisation.
The post News Round-Up appeared first on The Daily Sceptic.

Massive Fire at One of World?s Largest Battery Storage Facilities Fri Jan 17, 2025 17:00 | Will Jones
A massive fire has?broken out in one of the world's largest battery storage facilities containing tens of thousands of lithium batteries, prompting a mobilisation of firefighters across several counties in California.
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Climate Change Giving Meaning to Life Fri Jan 17, 2025 15:13 | Dr James Allan
Why are climate alarmists so impervious to facts, so averse to rational cost-benefit analysis? It has all the hallmarks of a religious cult, says James Allan. They can't let it go because it gives meaning to their lives.
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BP to Cut 8,000 Jobs as Net Zero Bites Fri Jan 17, 2025 13:30 | Will Jones
BP is to cut nearly 8,000 jobs in the face of falling profits and rising shareholder concern over its green energy policies as pressure from Net Zero policies continues to bite.
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Insurers Love the ?Climate Emergency? ? Higher Premiums all Round Whatever the Actual Facts Fri Jan 17, 2025 11:32 | Chris Morrison
There's a climate emergency, so cough up, say insurers. It hasn't stopped them raking in billions, notes Chris Morrison. And no wonder: weather losses are actually down compared to 35 years ago. Time for a bit of honesty?
The post Insurers Love the ‘Climate Emergency’ ? Higher Premiums all Round Whatever the Actual Facts appeared first on The Daily Sceptic.

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Trump and Musk, Canada, Panama and Greenland, an old story, by Thierry Meyssan Tue Jan 14, 2025 07:03 | en

Voltaire, International Newsletter N?114-115 Fri Jan 10, 2025 14:04 | en

End of Russian gas transit via Ukraine to the EU Fri Jan 10, 2025 13:45 | en

After Iraq, Libya, Gaza, Lebanon and Syria, the Pentagon attacks Yemen, by Thier... Tue Jan 07, 2025 06:58 | en

Voltaire, International Newsletter N?113 Fri Dec 20, 2024 10:42 | en

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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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