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Puerto Rico to pick governor amid massive financial crisis
San Juan (AFP) - Voters in Puerto Rico elect a new governor on Tuesday amid a massive economic and financial crisis that has sent thousands packing for the mainland United States.
Almost two million voters in the US Caribbean commonwealth will choose a new leader after Puerto Ricans in their thousands streamed off the island besieged by crippling recession and $70 billion in debt -- its worst crisis in six decades.
Among the six gubernatorial candidates, the favorites are David Bernier of the Popular Democratic Party (PDP), and Ricky Rossello, of the New Progressive Party (PNP), which favors full US statehood instead of the commonwealth status quo.
In addition, the 1.8 million voters will also pick lawmakers in the local legislature as well as mayors of 78 municipalities on an island of 3.5 million.
The former Spanish colony has been a US commonwealth since 1952. People born on the island are US citizens but cannot cast their ballots for the next American president.
Rosello is leading Bernier 40 percent to 28.9 percent, a Precision Research poll for Univision found.
In August, President Barack Obama named a powerful new oversight board for Puerto Rico.
The White House said the seven members of the Financial Oversight and Management Board would be charged with helping San Juan restructure its $70 billion in debts.
Having already defaulted on more than $2 billion in debt payments, Puerto Rico is blocked by US law from seeking protection in bankruptcy courts as has been the practice for cities like Detroit.
Vietnam launches $230 million oil drilling rig
The platform is the largest ever to be made in the country and capable of drilling down 9km. State-controlled PetroVietnam Marine Shipyard has handed over the Tam Dao 05 jackup, the largest drilling rig ever to be built in Vietnam, the new owner Vietsovpetro said in a statement on Saturday. Leading oil producer Vietsovpetro awarded PV Shipyard the contract to build the $230-million rig in November 2013. Both companies are subsidiaries of Vietnam’s national oil and gas group PetroVietnam, which… chat_bubble_outline Read More...
Mineral law said ’unrealistic’
Experts debated last week whether the Law on Mineral Resources (LoMR) should be amended, with some arguing that several of its articles are unrealistic. Coal selection at the Cua Ong Coal Company in Quang Ninh Province. In a round-table organised by the Party Central Committee’s Commission for Economic Affairs (PCEA) on Friday, Le Ai Thu from the Viet Nam Mining Coalition pointed to two particular articles of the law, which he believed to be "very difficult to apply in real life".The first… chat_bubble_outline Read More...
Scientists develop skin patch with on-the-spot sweat monitor app
By Kate KellandLONDON (Reuters) - Scientists in the United States have developed a flexible microfluidic device that easily sticks to the skin and measures sweat levels to show how the wearer's body is responding to exercise.The low-cost device, which can quickly analyse key elements such as lactate, Ph or glucose levels and let the user know if they should stop or change their activity, could also in future help diagnose and monitor disease, the researchers said."Sweat is a rich, chemical… chat_bubble_outline Read More...
China's Wanda buys Golden Globes rights owner for $1bn
Chinese property-to-entertainment conglomerate Wanda Group is buying the maker of the Golden Globes awards show, US television rights owner Dick Clark Productions, for "approximately $1 billion", it said Friday.Wanda has invested heavily in film, buying Hollywood studio Legendary Entertainment earlier this year, and the latest deal marks its entry into television production, it said in a statement, calling it "a big step forward in expanding Wanda’s map in the entertainment industry".Dick… chat_bubble_outline Read More...
130 people hospitalised due to firecracker accident on Tet
Hospitals across Vietnam treated 130 people for injuries caused by firecrackers during the lunar new year holiday period, up from 98 cases last Tet, according to the Ministry of Health. Vietnam banned the production, trade and use of firecrackers for safety reasons back in 1994. Illegal firecracker business fuelled by Tet At first the ban had disappointed some who believed that firecrackers were the hallmark of the Lunar New Year, saying they could scare off evil spirits and bring good… chat_bubble_outline Read More...