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2016 Acura RLX Adds AcuraWatch™ and Other Enhancements to Elevate Premium Sophistication and Value

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2016 Acura RLX Adds AcuraWatch(TM) and Other Enhancements to Elevate Premium Sophistication and Value





2016 Acura RLX Adds AcuraWatch™ and Other Enhancements to Elevate Premium Sophistication and Value


– AcuraWatch™ expands scope and content of safety and driver assistive technologies


– Chassis tuning enhances ride quality; 19-inch wheels with new bright finish standard on all trims


– Manufacturer’s Suggested Retail Price (MSRP) unchanged


TORRANCE, Calif., March 2, 2015 /PRNewswire-HISPANIC PR WIRE/ — With the most comprehensive suite of safety and driver assistive technologies yet available on an Acura, the 2016 RLX luxury sedan goes on sale March 3 with manufacturer’s suggested retail prices (MSRP) unchanged from the previous model year. This price hold represents a significant value, especially for the Technology package due to the addition of AcuraWatch™ and Advance package which includes the first U.S. application of Acura’s Surround View Camera system3. Both RLX packages will also adopt the application of Road Departure Mitigation (RDM) and Cross Traffic Monitor.

Photo – http://photos.prnewswire.com/prnh/20150227/178538
Logo – http://photos.prnewswire.com/prnh/20100923/ACURALOGO

The Acura RLX luxury sedan boasts an abundance of standard premium attributes and features. These include a powerful and smooth 310 horsepower, direct-injected i-VTEC V-6 engine that contributes to the RLX’s EPA fuel economy ratings of 20/31/24 mpg (city/highway/combined)2, agile and sporty handling with Precision All-Wheel Steer™ (P-AWS™), distinctive Jewel Eye™ LED headlights, 19-inch bright-finished wheels and next generation AcuraLink® connected car system.

Available on all trims and standard on the Technology and Advance packages, the RLX now includes AcuraWatch™, a comprehensive suite of safety and driver assistive technologies that help to improve the driver’s situational awareness and, in certain circumstances, intervene to help avoid a collision or mitigate its severity. The AcuraWatch™ suite of available features – depending upon trim – includes:

  • Adaptive Cruise Control (ACC) with Low-Speed Follow (LSF)
  • Collision Mitigation Braking System™ (CMBS)
  • Forward Collision Warning (FCW)
  • Lane Departure Warning (LDW)
  • Lane Keeping Assist System (LKAS)
  • Road Departure Mitigation (RDM)
  • Blind Spot Information (BSI)
  • Multi-View Rear Camera with Dynamic Guidelines
  • Cross Traffic Monitor

AcuraWatch™
At the heart of AcuraWatch™ is the fusion of camera and radar technology that can sense the roadway and objects within it, including other vehicles and pedestrians. This technology underpins the systems that help provide the driver with superior vision around the vehicle, can alert the driver of potential issues and, if necessary, intervene to help keep the RLX from departing a lane, departing the road, or help to avoid or mitigate the severity of a collision. These systems include Road Departure Mitigation (RDM) and Cross Traffic Monitor, both of which are new to the RLX.

Surround View Camera3
For 2016, the Acura RLX with Advance Package includes the first U.S. application of Acura’s Surround View Camera system3 that provides a 360-degree image of the area around the vehicle. The surround view camera system is designed to assist drivers during critical and precise maneuvers in snug parking situations. Using four separate cameras, views from behind, directly in front of, and both left and right sides of the vehicle can be displayed on the navigation screen. The system can also use all four cameras to seamlessly create a composite bird’s eye image, to provide the driver with information about the surroundings. In addition, dynamic on-screen guidelines help the driver see their projected path relative to the lines demarking parking spaces or other objects, allowing them to maneuver with greater confidence.

Road Departure Mitigation (RDM)
New for the 2016 Acura RLX, Road Departure Mitigation (RDM) uses a Monocular Camera (mounted on the upper portion of the windshield) to identify solid or dashed painted lane lines, Botts’ Dots and Cat Eye markers. RDM uses both steering force, via EPS, and braking force, via VSA, to help the RLX stay a detected lane.

The monocular camera can recognize lane features and identify a lane or roadway edge. If the RDM system determines that the RLX is about to leave a detected lane or roadway defined by solid lines, it will provide steering assist (primary) and, in rare occasions when steering is not sufficient, braking assist to help the driver stay on the road. If a lane only identified by dashed lines, Bott’s Dots or Cat Eye markers and the system determines that there is an unintended departure, no braking assist will be provided. Instead, the RLX will use active steering force to return to the detected lane. RDM is integrated with the Vehicle Stability Assist (VSA) system to provide moderate braking, and with the Electric Power Steering (EPS) system to provide steering input.

Multiple visual and audible warnings alert the driver when the RDM system is taking corrective action. These include a lane departure warning on the driver’s Multi Information Display (MID) along with an audible warning. RDM also has a customizable initial warning of either a steering wheel shake/vibration and/or an audible alert. This can be customized in the vehicle settings.

Cross Traffic Monitor
Another new driver assistive technology included with AcuraWatch™, the Cross Traffic Monitor works in conjunction with the RLX’s Blind Spot Information (BSI) radar sensors to enhance driver confidence when backing up. The system is especially useful when reversing in congested parking lots with an obstructed view from the driver’s seat.

The system utilizes a pair of blind-spot radar units located in the rear bumper corners. When Reverse is selected and an approaching vehicle is detected, arrows indicating the approaching vehicle’s direction are shown on the center display’s rear camera image. An audible warning is simultaneously emitted.

Additional Enhancements for 2016 RLX
To improve overall ride and handling quality and reduce noise, vibration and harshness (NVH), the chassis of the 2016 RLX has received multiple tuning refinements. Both the front and rear shock absorbers get an increase in piston rod diameter and the rear stabilizer bar’s stiffness is decreased. The front and rear spring rates and shock absorber damping force were all decreased to provide better shock absorption and road surface tracking. Furthermore, the front upper spring/shock mounts and rear bump stops were changed for improved action.

The 2016 Acura RLX is available in three trims, RLX with Navigation, RLX with Technology Package and RLX with Advance Package. The RLX with Navigation has been upgraded for 2016 with the same larger 19-inch wheels as standard on the other trims with a new bright finish The RLX with Technology Package has been enhanced with AcuraWatch™ as standard. The RLX with Advance Package has been improved with AcuraWatch™ including surround view camera and a bi-directional remote engine starter. Also for 2016 a new Acura Silver Metallic color is available.

TRIM

MSRP1

EPA Rating2

RLX with Navigation

$50,950

20/31/24

RLX with Technology Package

$54,450

20/31/24

RLX with Advance Package

$60,450

20/31/24

For More Information
Consumer information is available at acura.com. To join the Acura community on Facebook, visit facebook.com/Acura. Additional media information including pricing, features and high-resolution photography is available at acuranews.com/acura-automobiles/channels/rlx.

1 MSRP excluding tax, license, registration, vehicle options and destination charge of $920.00. Dealer prices may vary.
2 Based on 2016 EPA mileage ratings. Use for comparison purposes only. Your actual mileage will vary depending on how you drive and maintain your vehicle.
3 Visually confirm that it is safe to drive before backing up or parking. Certain conditions (such as weather, lighting and high temperatures) may also restrict the camera view. Do not rely on the camera displays as they may not give you all information about conditions, persons, objects or obstructions around your vehicle.

 


FIBRA Prologis to Participate in Citi’s 2015 Global Property CEO Conference

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MEXICO CITY, Feb. 28, 2015 /PRNewswire-HISPANIC PR WIRE/ — FIBRA Prologis (BMV: FIBRAPL 14), the leading owner and operator of Class-A industrial real estate in Mexico, today announced that Luis Gutierrez, CEO, Jorge Girault, VP of Finance, and Hector Ibarzabal, Country Manager, are scheduled to participate in the Citi 2015 Global Property CEO Conference at The Westin Diplomat in Hollywood, Florida.

Luis Gutierrez will participate in the Mexico Industrial / Diversified panel on Monday, Mar. 2 at 7:30 a.m. ET/6:30 a.m. CT.  In addition, Luis Gutierrez, Jorge Girault and Hector Ibarzabal will present in one on one meeting with investors.

The Mexico Industrial / Diversified panel will be broadcast live and can be accessed via webcast for 90 days at http://www.veracast.com/webcasts/citigroup/globalproperty2015/96101145762.cfm. Presentation materials will be available for download on Monday, Mar. 2 in the Investors Relations section of our website at www.fibraprologis.com.

ABOUT FIBRA PROLOGIS

FIBRA Prologis is the leading owner and operator of Class-A industrial real estate in Mexico.  As of December 31, 2014, FIBRA Prologis was comprised of 184 strategically-located logistics and manufacturing facilities in six industrial markets in Mexico totaling 31.4 million square feet (2.9 million square meters) of gross leasable area.

The statements in this release that are not historical facts are forward-looking statements. These forward-looking statements are based on current expectations, estimates and projections about the industry and markets in which FIBRA Prologis operates, management’s beliefs and assumptions made by management.  Such statements involve uncertainties that could significantly impact FIBRA Prologis financial results. Words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “estimates,” variations of such words and similar expressions are intended to identify such forward-looking statements, which generally are not historical in nature.  All statements that address operating performance, events or developments that we expect or anticipate will occur in the future — including statements relating to rent and occupancy growth, acquisition activity, development activity, disposition activity, general conditions in the geographic areas where we operate, our debt and financial position, are forward-looking statements. These statements are not guarantees of future performance and involve certain risks, uncertainties and assumptions that are difficult to predict. Although we believe the expectations reflected in any forward-looking statements are based on reasonable assumptions, we can give no assurance that our expectations will be attained and therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements. Some of the factors that may affect outcomes and results include, but are not limited to: (i) national, international, regional and local economic climates, (ii) changes in financial markets, interest rates and foreign currency exchange rates, (iii) increased or unanticipated competition for our properties, (iv) risks associated with acquisitions, dispositions and development of properties, (v) maintenance of real estate investment trust (“FIBRA”) status and tax structuring, (vi) availability of financing and capital, the levels of debt that we maintain and our credit ratings, (vii) risks related to our investments (viii) environmental uncertainties, including risks of natural disasters, and (ix) those additional factors discussed in reports filed with the “Comisión Nacional Bancaria y de Valores” and  the Mexican Stock Exchange by FIBRA Prologis under the heading “Risk Factors.” FIBRA Prologis undertakes no duty to update any forward-looking statements appearing in this release.

FIBRA Prologis.

 

Logo – http://photos.prnewswire.com/prnh/20140703/124469

 


Economic Census Shows Puerto Rico’s Manufacturers Had Shipments of Nearly $77 Billion

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WASHINGTON, Feb. 27, 2015 /PRNewswire-HISPANIC PR WIRE/ — Puerto Rico's overall manufacturing sector reported $76.6 billion in total value of shipments for 2012, down 4.5 percent from $80.2 billion in 2007, according to the U.S. Census Bureau's Economic Census of Island Areas.

Photo – http://photos.prnewswire.com/prnh/20150227/178410-INFO

Logo – http://photos.prnewswire.com/prnh/20110428/DC91889LOGO

The total number of manufacturing establishments in Puerto Rico in 2012 was 1,653, down 23.2 percent from 2,151 establishments in 2007. Similarly, the number of manufacturing employees fell 24.3 percent, from 110,691 in 2007 to 83,830 in 2012. Payroll also decreased 16.8 percent, from $3.5 billion to $2.9 billion, over the same
period.

Chemical manufacturing (NAICS 325) remained the leading manufacturing subsector in Puerto Rico, rising from 64.9 percent of total manufacturer's shipments in 2007 to 68.1 percent in 2012. The value of chemical shipments increased only 0.1 percent to $52.1 billion in 2012. However, employment decreased 43.4 percent, from 30,841 in 2007 to 17,466 in 2012.

As in previous censuses, San Juan-Carolina led the island's combined statistical areas with $69.4 billion in manufacturer's shipments in 2012, an increase of 6.7 percent from $65.0 billion in 2007.

The five-year Economic Census of Island Areas provides the most authoritative and comprehensive source of information about Puerto Rico and other U.S. territories' economy.
Today's release includes statistics for Puerto Rico manufacturing by combined and metropolitan statistical areas and municipios (county equivalents). Later in the year, similar data will be published for the other sectors of Puerto Rico's economy.

Other findings:

  • Miscellaneous manufacturing (NAICS 339) was the second leading subsector, with $9.1 billion in shipments in 2012, up 23.4 percent from $7.4 billion in 2007. The medical equipment and supplies manufacturing industry accounted for most of this subsector's value of shipments, $8.8 billion in 2012, rising 21.2 percent from $7.3 billion in 2007.  The industries in miscellaneous manufacturing are defined by what is made rather than how it is made.  Establishments in this subsector manufacture products as diverse as medical equipment and supplies, jewelry, sporting goods, toys and office supplies.
  • The petroleum and coal products (NAICS 324) subsector declined in sales, payroll and employment, both in terms of dollar amounts and percentages. The decreases consisted of a drop of 52.8 percent in value of shipments, from $3.9 billion in 2007 to $1.9 billion in 2012; a decline of 51.7 percent in payroll, from $38.0 million in 2007 to $18.4 million in 2012; and an employment decline of 22.6 percent, from 952 employees in 2007 to 737 employees in 2012.
  • In 2012, the largest percentage increase in employment and payroll belonged to the textile product mills subsector (NAICS 314), which had 1,144 employees, an increase of 105.8 percent from 556 employees in 2007, and reported payroll of $19.4 million, up 159.2 percent from $7.5 million in 2007.
  • Puerto Rico had 36 manufacturing establishments with 500 or more employees, representing 2.2 percent of all manufacturing businesses. These businesses had shipments of $39.8 billion, accounting for 51.9 percent of total manufacturing shipments in 2012.
  • The manufacturing sector reported value added of $52.6 billion in 2012, a decrease of  23.3 percent from $68.6 billion in 2007.  Cost of materials had an increase of 18.1 percent, from $12.5 billion in 2007 to $14.8 billion in 2012.  Capital expenditures had a decrease of 28.2 percent, from $4.9 billion in 2007 to $3.5 billion in 2012. Rental payments decreased 10.5 percent, from $187.0 million in 2007 to $167.4 million in 2012.

The data for Puerto Rico and other U.S. Island Areas are available through the Census Bureau's American FactFinder, an online data access tool. Statistics were previously released for the Northern Mariana Islands and Guam in April 2014, American Samoa in May 2014 and for the U.S. Virgin Islands in July 2014. Later this
year, additional data for Puerto Rico will be released separately for the construction sector and, through the geographic area series, the remaining sectors.

More information about the Economic Census of Island Areas is available here. For information on confidentiality protection, nonsampling error and definitions, see the methodology section.

More Info about the Economic Census and Other Puerto Rico Data

The U.S. Census Bureau conducts an economic census every five years and provides a comprehensive and detailed profile of the U.S. economy, covering millions of businesses representing more than 1,400 detailed industries and providing unique portraits of American industries and local communities.

The County Business Patterns also provides Puerto Rico statistics. County Business Patterns is an annual series that provides subnational economic data by industry. Data from the 2012 County Business Patterns is available here.

The Puerto Rico Community Survey provides data every year — giving communities the current information they need to manage change. It is part of the Census Bureau's American Community Survey, customized for Puerto Rico. Data from the Puerto Rico Community Survey is available here.

Robert Bernstein

Public Information Office

301-763-3030

email: [email protected]

CB15-30

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Oettinger Davidoff announces major farmland acquisitions in Nicaragua and Honduras

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Oettinger Davidoff announces major farmland acquisitions in Nicaragua and Honduras

New Camacho factory to be built in Danli, Honduras


BASEL, Switzerland, Feb. 27, 2015 /PRNewswire-HISPANIC PR WIRE/ — Oettinger Davidoff AG, the worldwide leading manufacturer of premium cigars, headquartered in Basel, Switzerland, announced today the acquisition of tobacco farmland in Nicaragua’s Condega region as well as in the Jamastran valley of Honduras.

The company further announced that it has acquired land in the vicinity of its box factory to build a new cigar factory in Danli, Honduras, as the growth of Camacho and other Honduran brands has outgrown the capacity of the current factory, which will be divested.

Hans-Kristian Hoejsgaard, CEO and Board member of Oettinger Davidoff, said: “Our acquisition of over 150 hectares of land in Condega, Nicaragua, and in Jamastran, Honduras, represents a further strengthening of our crop-to-shop philosophy, which is an anchor of our global strategy. I am equally delighted that a splendid new Camacho (Agroindustrias Laepe) factory designed by Honduran architect Gonzalo Nunez Diaz and including expansive visitor accommodation will underpin the growth trajectory of the Camacho, Room101 and Baccarat brands.”

Javier Plantada, Senior Vice President Global Production of Oettinger Davidoff, added: “I am particularly delighted about the quality of the farm land we have been able to acquire, which not only will provide us with top notch tobacco quality, but also will allow us to pursue our innovation agenda and experiment with new and existing seeds.”

The plot of land for the new factory in Danli covers almost 450’000 square feet (41’000 m2) of land. The factory will, in phase 1, have a space of over 185’000 square feet (17’300 m2), and reflects the 60% growth in production output the company has had in the last 3 years. “We simply outgrew our Agroindustrias Laepe facilities,” Plantada added.

About Oettinger Davidoff AG
The CHF 1.2 billion Oettinger Davidoff AG, with over 3,500 employees around the world, traces its roots back to 1875 and remains family owned to this day with two distinctly different businesses: one that is focused on FMCG distribution in the Swiss market and one dedicated to the core business of producing, marketing and retailing premium branded cigars, tobacco products and accessories. The premium branded cigar business includes Davidoff, AVO, Camacho, Cusano, Griffin’s, Private Stock, Zino and Zino Platinum. Oettinger Davidoff AG is anchored in a strong “crop-to-shop” philosophy, having pursued a vertical integration from the tobacco fields in the Dominican Republic, Honduras and Nicaragua to the worldwide network of almost 70 Davidoff Flagship Stores.

For further information please contact:
Oettinger Davidoff AG
Paloma Szathmary
Senior Vice President
Corporate Communications
Hochbergerstrasse 15
CH – 4002 Basel
Tel. +41 61 279 36 24
[email protected]
oettingerdavidoff.com  


The Hispanic Technology and Telecommunications Partnership (HTTP) Disappointed with the FCC Vote on Open Internet Rules

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WASHINGTON, Feb. 27, 2015 /PRNewswire-HISPANIC PR WIRE/ — The Hispanic Technology and Telecommunications Partnership (HTTP), a coalition of 19 of the largest national Hispanic organizations, issued a statement today expressing its disappointment with the FCC’s decision to impose an onerous and outdated regulatory regimen, over 300 pages of new regulations, on broadband Internet access service, by reclassifying it as a telecommunications service under Title II of the Telecommunications Act of 1934. (http://www.httponline.org)

“HTTP has always strongly supported an open Internet. We believe that all consumers, particularly Hispanics who are still underserved, should have equal access to broadband and to all legal content and applications on the Internet” said Martin Chavez, Senior Advisor to HTTP. The HTTP statement goes on to point out that the vote by the FCC today imposing strict and antiquated regulations on the Internet totally disregards the fact that the Internet has thrived, and that there has been unparalleled innovation and investment in broadband infrastructure without the heavy regulation, which has benefitted the Hispanic community enormously.

“The Hispanic community is leading the way in adopting mobile broadband and enjoys the endless benefits of an open Internet because of the investments made by providers across the country. Imposing these new regulations, which will certainly be challenged in court creating further uncertainty, will be a blow to investment and innovation that has driven significant economic activity and jobs, and will stifle further adoption by Hispanics, who are most underserved.” added Mr. Chavez.

In its statement, HTTP urged Congress to act quickly on what has traditionally been a bi-partisan issue, to overturn these harmful regulations, and set forth a modern legal and regulatory framework that will include strong consumer protections, but at the same time will encourage investment and innovation, and will promote further adoption by the Hispanic community.

For more information on this topic, please email Rosa Mendoza at [email protected]

About HTTP
HTTP is the leading national Latino think tank and advocacy organization on Internet, telecommunications and technology policy issues to promote access and adoption of broadband in the Latino community. It is a nonpartisan coalition of 19 national Latino organizations working to ensure that the full array of technological and telecommunications advancements are available to all Latinos in the United States. Learn more about HTTP. http://www.httponline.org                                                       

HTTP Members

ASPIRA Association

National Conference of Puerto Rican Women

Cuban American National Council

National Hispanic Council on Aging

Dialogue on Diversity

National Hispanic Medical Association

Hispanic Federation

National Puerto Rican Coalition

Hispanic Heritage Foundation

SER- Jobs for Progress National, Inc.

Labor Council for Latin American Advancement

United States Hispanic Chamber of Commerce (USHCC)

Latinos in Information Sciences and Technology Association

The Latino Coalition

League of United Latin American Citizens (LULAC)

U.S.-Mexico Chamber of Commerce

MANA, A National Latina Organization

U.S. Hispanic Leadership Institute

National Association of Hispanic Publications


(Español) MANTENTE FRESCA Y HERMOSA CON DOVE DRY SPRAY ANTIPERSPIRANT

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(Español) AbbVie lanza SigueElGuion.com para instruir a los estadounidenses de habla hispana acerca del hipotiroidismo y la importancia del diálogo entre el paciente y el profesional de la salud

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Canal 22 MundoFox Scores Highest Primetime Ratings To-Date In February 2015 Sweeps

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Canal 22 MundoFox Scores Highest Primetime Ratings To-Date In February 2015 Sweeps

For the first time ever, KWHY-TV Canal 22 MundoFox in Los Angeles Beats Univision’s KFTR UniMas
among the Key Demographic of Adults 18-49!


LOS ANGELES, Feb. 25, 2015 /PRNewswire-HISPANIC PR WIRE/ — With one day to go in the February 2015 Nielsen Sweeps, KWHY-TV Canal 22, the MundoFOX television network flagship in Los Angeles, posts its strongest ratings book since the launch of the network in August 2012. KWHY MundoFox 22 is now out-performing KFTR, the UniMas network affiliate in Los Angeles, in average primetime ratings among both key demographics, Adults 18-49 and Adults 25-54.

KWHY-TV Canal 22 MundoFOX February 2015 Sweeps Highlights:

  • It reached its highest monthly average primetime ratings, Monday to Friday, 7-11 p.m., since the launch of the network, among both Adults 18-49 and Adults 25-54.
  • For the first time since of the launch of MundoFOX, KWHY beat KFTR UniMas in average primetime ratings for the key demo of Adults 18-49 (0.42 NSI rating vs. 0.40), and continues to outpace KFTR among Adults 25-54 (0.59 vs. 0.45).
  • Canal 22 MundoFOX also outperformed KRCA Estrella in the 7 p.m. hour to rank third, only behind KMEX Univision and KVEA Telemundo in Los Angeles.
  • KWHY has consistently posted growth in average primetime ratings for six consecutive months, starting in August 2014.
  • “Year-to-year” ratings growth for both Adults 18-49 (+24% from February 2014) and Adults 25-54 (+48%). 

Additionally, KWHY’s digital superstation, Super 22 (Channel 22.2), also posted “year-to-year” growth in average primetime ratings among both Adults 18-49 (+67%) and Adults 25-54 (+50%).

Source: Los Angeles NSI Ratings, February 2015

For more information on KWHY-TV Canal 22 MundoFox, please visit www.mundofox22.com.

About Meruelo Media

Meruelo Media (MM) is the media division of The Meruelo Group.  MM currently operates two Southern California Legendary media platforms;  the classic hip-hop and R&B radio station, 93.5 KDAY and one of Los Angeles’ oldest Hispanic TV stations, KWHY-TV Canal 22, which is currently the flagship of MundoFOX Television Network.  MM also owns the first and only US Hispanic Super Station, Super LA, airing on its KWHY-TV second digital stream and reaching over 6 Million Homes over various multiple video delivery providers.  MM also operates television stations in Houston and Santa Barbara.  The Meruelo Group is a minority owned, privately-held management company serving a diversified portfolio of affiliated entities with interests in banking and financial services; food services, manufacturing, distribution and restaurant operations; construction and engineering; hospitality and gaming; real estate management; media, public and private equity investing. For more information please visit www.meruelogroup.com.

Media Contact:
Rebekah Salgado
[email protected]
562.228.8191 

 


(Español) La CPSC aprueba nueva norma federal de seguridad para mochilas rígidas portabebés, portaniños

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Dr. Arturo Porzecanski to Provide Analysis of U.S. House Committee Hearing on Puerto Rico Chapter 9 Bill at 3:00 p.m. Thursday, February 26th

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Dr. Arturo Porzecanski to Provide Analysis of U.S. House Committee Hearing on Puerto Rico Chapter 9 Bill at 3:00 p.m. Thursday, February 26th


Porzecanski will provide a telephone briefing for analysts and journalists about the hearing and his written submission



WASHINGTON, Feb. 25, 2015 /PRNewswire-HISPANIC PR WIRE/ — On Thursday, February 26 at 3:00 p.m. EST/ 4:00 p.m. AST, following the House Judiciary Subcommittee on Regulatory Reform, Commercial and Antitrust Law hearing, American University’s Professor Arturo Porzecanski will host a call to offer an analysis of the hearing and to present highlights of his own invited submission to the Subcommittee. 

The focus of the Congressional hearing will be House Resolution 870, the “Puerto Rico Chapter 9 Uniformity Act of 2015.” In his submission, Dr. Porzecanski wrote:

“This bill is damaging to what little investor confidence is left in Puerto Rico’s ability and willingness to service its debt obligations. The bill is also unnecessary to deal with the financial problems of state-owned entities in the island. And finally, the bill represents a misallocation of Congressional effort, which would be better spent establishing a Financial Control Board capable of addressing the root causes of Puerto Rico’s urgent economic, financial, and leadership problems.”

H. R. 870 would amend Title 11 of the United States Code to treat Puerto Rico as a State for purposes of Chapter 9 of such title, enabling the Commonwealth to restructure the indebtedness of its municipalities, namely, its political subdivisions and public agencies and instrumentalities.

Date: Thursday, February 26, 2015
Time: 3:00 p.m. EST/ 4:00 p.m. AST
Dial-In: 877-876-9175, 785-424-1668 | Code: AMERICAN
RSVP: Arturo Porzecanski, [email protected]

Written testimony available upon request.

Prof. Arturo C. Porzecanski — Distinguished Economist in Residence and Director of the International Economic Relations Program at American University’s School of International Service, see www.american.edu/sis/faculty/aporzeca.cfm

School of International Service
American University
4400 Massachusetts Avenue, NW
Washington, DC 20016-8071

 

 


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