Thursday, June 30, 2016

jack lew and loretta lynch celebrate puerto rico bailout

with the smell of burning human flesh at the nassau otb farmingdale cross burning

nassau otb sells the farmingdale branch to pay off a stiffed creditor

new york state lives puerto ricans but specializes in economic misfeasance and incompetence
Nyc otb bankrupt.

puerto rico should not be bailed out



Puerto Rico rescue bill clears Congress days before debt cliff

  
Rescue legislation aimed at helping Puerto Rico address its mounting fiscal crisis cleared Congress Wednesday, two days before the U.S. territory is set to default on roughly $2 billion in debt payments.
The bill passed by the Senate on a 68-to-30 vote opens a path for an orderly restructuring of the island’s $72 billion in bond debt while creating a new federally appointed fiscal oversight board. It passed the House earlier this month, and President Obama has said he will sign it.
“Obviously, the bill isn’t perfect,” Senate Majority Leader Mitch McConnell (R-Ky.) said Wednesday, before arguing that it “offers Puerto Rico the best chance to return to financial stability and economic growth over the long term so we can help prevent another financial crisis like this in the future.”
The passage of the bill — the Puerto Rico Oversight, Management, and Economic Stability Act, or PROMESA — was in doubt earlier this week, and, had it failed Wednesday, the anticipated missed payments likely would have roiled credit markets and sparked creditor lawsuits. 
The opposition did not fall neatly along party lines. Democrats raised a host of objections to the bill, including over the anti-democratic nature of the oversight board, the relatively arcane restructuring process and a provision that could lower the minimum wage for young workers. Some Republicans, meanwhile, found some provisions unfair to creditors and feared the rescue bill could set a precedent for fiscally troubled states to seek federal intervention.
Two key supporters of the legislation — Treasury Secretary Jack Lew and Puerto Rico Gov. Alejandro García Padilla — lobbied heavily to win over skeptics.
Lew met with Democratic members of the Senate Finance Committee Tuesday after having made dozens of phone calls to members of Congress over the past two weeks.
“For everyone who says you can’t do hard things it’s a reminder than you can do hard things,” Lew said in an interview — especially, he added, “when you’re faced with the alternative of 3.5 million Americans being plunged into chaos.”
“The real alternative was not a better bill,” he said. “The real alternative was no bill.”
After meeting with nine Democratic senators Tuesday, García Padilla said in a statement that, while “imperfect,” the House-drafted bill offered “an orderly debt restructuring process and a real opportunity of negotiation with creditors” and that “the crisis . . . will worsen if the Senate does not take immediate action.”
In an op-ed published on CNBC’s website, the governor added: “PROMESA has its downsides. It creates an oversight board that unnecessarily undercuts the democratic institution of the Commonwealth of Puerto Rico. But facing the upsides and downsides of the bill, it gives Puerto Rico no true choice at this point in time.”
As the clock winds down toward the July 1 deadline, there is considerable confusion about Puerto Rico’s cash position. Many creditors and analysts believe the territory has enough cash to at least make the $300 million or so in interest payments on Puerto Rico’s general obligation bonds, generally considered one of the safest bonds. But other analysts say that even if Puerto Rico could make interest payments, failure to make the principal payments coming due would still constitute a default and would leave the island’s coffers virtually empty.
Even if the island scraped together $300 million for interest payments now, there would be an additional $2 billion of interest payments due over the next fiscal year. In addition, Puerto Rico usually receives more cash toward the end of its fiscal year, so any recent influx of cash would not recur until next spring.
“Maybe they’re trying to show good faith,” said Susheel Kirpalani, a bankruptcy expert and partner at Quinn Emanuel Urquhart & Sullivan representing one category of bondholders. But, he added, “in restructuring, the first rule is cash is king. To pay interest would be 180 degrees opposite of Restructuring 101.”
Ted Hampton, vice president of Moody’s, said in the ratings agency’s most recent report on the territory: “We expect Puerto Rico will continue to default on a growing number of its security types as time goes on, in view of its strained liquidity.”
Kirpalani said that various creditor groups, including his, were ready to meet again with the commonwealth’s financial advisers to narrow differences. “We can’t assume the oversight board will be able to move from a standstill to a sprint,” he said.
Puerto Rico’s fiscal crisis goes deeper than its unsustainable public debt: Its economy has been stagnant for years, and its population has been steadily fleeing to the U.S. mainland — eroding the territorial tax base and threatening the delivery of basic services. More than a third of territorial government revenues are now spent on debt service.
“There can be no economic growth in Puerto Rico until the debt is restructured, so the legislation is an absolutely essential first step,” said Eric LeCompte, executive director of Jubilee USA, a network of mainly religious advocacy groups focused on global debt relief. “But I think in terms of the real issues facing the island, we are just getting to the end of the beginning. This is not the beginning of the end.”
In the near term, LeCompte said, the appointments to the oversight board will have significant bearing on Puerto Rico’s path forward. Over the longer term, the island faces bigger questions about how it can reverse its economic decline and whether to revisit its status as a U.S. territory.
In Puerto Rico, there are still many concerns about the legislation, which was inspired in part by the federal control board Congress imposed on Washington, D.C., from 1995 to 2000. Sergio Marxuach, public policy director at the San Juan-based Center for a New Economy, says that in the District’s case the federal government later took over a sizable chunk of unfunded pension obligations, whereas Puerto Rico faces about $43 billion of unfunded pension liabilities once it gets past its $72 billion or so of other debts.
PROMESA also allows the oversight board to accelerate investment projects, and Marxuach fears that the board’s haste might make for wasteful choices, especially when it comes to new energy projects.  “We don’t use the phrase ‘humanitarian crisis,’ ” he said. “It’s a fiscal and economic crisis with the potential to get there.”
Top Democratic leaders supported the bill — if grudgingly.
“If Democrats had written this bill, it would be very different than what we are voting on today,” Senate Minority Leader Harry M. Reid (D-Nev.) said Wednesday. “But I’m going to vote for passage of this bill because we must help Puerto Rico before July 1st. Otherwise we turn that island . . . over to the hedge funds, and they’ll sue them to death.”
But there were several vocal holdouts — including Sen. Robert Menendez (D-N.J.), who spent more than four hours on the Senate floor Tuesday railing against the bill, arguing that it would strip Puerto Ricans of their political rights and would not offer a sure-enough path to fiscal stability for the island.
Also vowing to oppose the bill was Democratic presidential candidate Bernie Sanders (Vt.), who said he would “do everything I can to defeat a horrific bill.” An added complication was a bipartisan group of senators representing coal-producing states who said they would oppose closing debate on the Puerto Rico bill unless they won assurances from McConnell that the Senate would act to shore up health and pension funds for mine workers.
Menendez, who called for amendments to the bill, played down the urgency of the situation. “There is no precedent to suggest that Puerto Rico would not be able to fund essential services while we worked to get the bill right over the next few days,” he said.
But other senators said they were convinced a default would be disastrous — including the possibility that creditors could rush to court and secure judgments, leaving the territory without cash to pay essential personnel such as teachers and emergency responders.
“We’re not going to let Puerto Rico go off the cliff here,” Sen. Marco Rubio (R-Fla.) said Monday. “It’s too important.”

shoot bcg or automatic weaopns for a better life




WHO Recommends Rapid Test, Shorter Drug Regimen for MDR-TB

Megan Brooks
May 12, 2016
The World Health Organization (WHO) today issued new recommendations designed to speed up detection and improve treatment of multidrug-resistant tuberculosis (MDR-TB).
The recommendations call for use of a novel rapid diagnostic to rule out resistance to second-line drugs and a shorter, cheaper treatment regimen for MDR-TB.
"This is a critical step forward in tackling the MDR-TB public health crisis," Mario Raviglione, MD, director of WHO's Global TB Programme, said in a news release.
"The new WHO recommendations offer hope to hundreds of thousands of MDR-TB patients who can now benefit from a test that quickly identifies eligibility for the shorter regimen, and then complete treatment in half the time and at nearly half the cost," Dr Raviglione noted.
The new treatment regimen can be completed in 9 to 12 months, rather than the typical 18 to 24 months, and is less expensive than current regimens, the WHO says. They also expect that the shorter regimen will improve outcomes and potentially reduce deaths resulting from greater adherence to treatment and reduced loss to follow-up.
The shorter regimen is recommended for patients with uncomplicated MDR-TB; for example, those individuals whose MDR-TB is not resistant to the most important second-line drugs used to treat MDR-TB (fluoroquinolones and injectables), the WHO says. The shorter regimen is also recommended for people who have not yet been treated with second-line drugs.
The shorter regimen, outlined in a WHO flow chart, includes an "intensive" treatment phase, lasting 4 to 6 months and consisting of four second-line drugs, and a "continuation" phase, lasting 5 months and composed of two drugs. The seven recommended drugs are kanamycin, moxifloxacin, prothionamide, clofazimine, pyrazinamide, high-dose isoniazid, and ethambutol.
The recommendations on the shorter regimens are based on initial studies involving 1200 patients with uncomplicated MDR-TB in 10 countries, and are expected to benefit the majority of patients with MDR-TB worldwide, the WHO says. However, there are "serious risks" for worsening resistance if the shorter regimen is used inappropriately (ie, in patients with extensively drug-resistant TB [XDR-TB), they warn.
Rapid Diagnostic Test 
The WHO also recommends national TB reference laboratories now use a novel rapid diagnostic test to rule out resistance to second-line drugs. The DNA-based test called MTBDRsl identifies genetic mutations in MDR-TB strains rendering them resistant to fluoroquinolones and injectable second-line TB drugs, the WHO says.
"This test yields results in just 24-48 hours, down from the 3 months or longer currently required. The much faster turnaround time means that MDR-TB patients with additional resistance are not only diagnosed more quickly, but can quickly be placed on appropriate second-line regimens," the WHO says.
The MTBDRsl test is also a "critical prerequisite" for identifying patients with MDR-TB eligible for the new shorter treatment regimen, while avoiding putting patients who have resistance to second-line drugs on the shorter regimen, which could contribute to the development of XDR-TB.
"We hope that the faster diagnosis and shorter treatment will accelerate the much-needed global MDR-TB response," Karin Weyer, DSc, from the WHO Global TB Programme, said in the release. "Anticipated cost-savings from the roll out of this regimen could be re-invested in MDR-TB services to enable more patients to be tested and retained on treatment."
The WHO says it is working with technical and funding partners to ensure adequate resources and support for the uptake of the rapid test and shorter treatment regimen in countries.
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nassau otb employees were are harmed by incompetence of both

E. O'Brien Murray - The New York Meeting

www.thenewyorkmeeting.com › e.-o-bri...
E. O'Brien Murray is the Co-Founder of the New York Meeting, a Republican consultant who has been involved in ...


another  proud supporter of teresa butler and the tom suouzzi crime family



Butler v. Nassau Regional Off-Track Betting Corporation et al. Federal Civil Lawsuit New York Eastern District Court, ...


Butler v. Nassau Regional Off-Track Betting Corporation et al. Federal Civil Lawsuit New York Eastern District Court, ...


Butler v. Nassau Regional Off-Track Betting Corporation et al. Federal Civil Lawsuit New York Eastern District Court, ...



Butler v. Nassau Regional Off-Track Betting Corporation et al. Federal Civil Lawsuit New York Eastern District Court, ...

crime pays well



tom suoizzi crime family with republican silent partners proudly explode fireworks and munitions because voters have not yet acted to see that the documents concealed beneath the protective order
in the below case are used to indict the members of the uncle tom crime family


teresa butler was fired for not ringing the door bells for tom suoizzi
she sues, holds em up and collects

And you thought only isis was honest and forthright?


flush tom suoizzei et al. the keys are below


start em up on the highway to....


Butler v. Nassau Regional Off-Track Betting Corporation et al. Federal Civil Lawsuit New York Eastern District Court, ...







ADVERTISEMENT | ADVERTISE ON NEWSDAY
Former Nassau County Executive Tom Suozzi on Wednesday savored his first step toward a possible political comeback following a victory in a low-turnout congressional primary Tuesday that relied heavily on grass roots efforts in Queens and his home base of Glen Cove.
Suozzi, who aired no TV ads in the primary, acknowledged that in winning the five-way race, he used up the bulk of his $800,000 campaign funds. But he said he has about $80,000 from donors whose contributions exceeded primary limits and are reserved for the general election.
Suozzi plans a unity event Thursday in Manhasset with his former foes. 
Previewing his campaign before an election night audience Tuesday, Suozzi said, “People have been screaming at each other for 30 years on issues like gun control, immigration, and climate change. Something’s wrong. I’m not running to get the job. I’m running to do the job and start solving people’s problems to make their lives better.”
E. O’Brien Murray, spokesman for the Republican candidate, state Sen. Jack Martins, said Suozzi’s primary win showed weakness.
“It’s amazing in this day and age that you declare victory when two-thirds of the voters rejected you,” Murray said. 
ADVERTISEMENT | ADVERTISE ON NEWSDAY
Jay Jacobs, Nassau Democratic chairman, countered, saying, “A win is a win.” Jacobs said Martins will have “a heavy lift selling the extremely conservative agenda” put forward by Republicans. Democrats also have a 40,000 edge in voter enrollment in the district.
Martins’ primary situation remains unsettled, as potential challenger Philip Pidot is pursuing a federal lawsuit trying to force a GOP primary.
Suozzi received 6,532 votes or 35.3 percent in unofficial state returns. Former North Hempstead Supervisor Jon Kaiman and Suffolk Legis. Steve Stern ended up in a virtual dead heat with 22 percent each. North Hempstead Town Board member Anna Kaplan received 15.2 percent and attorney Jonathan Clarke got 4.92 percent.
Turnout was 9.9 percent. 
Suozzi did best in his hometown of Glen Cove — where the former mayor got nearly 75 percent of the vote and where turnout was nearly 25 percent — and in the Queens portio



Butler v. Nassau Regional Off-Track Betting Corporation et al. Federal Civil Lawsuit New York Eastern District Court, ...



Butler v. Nassau Regional Off-Track Betting Corporation et al. Federal Civil Lawsuit New York Eastern District Court, ...



Butler v. Nassau Regional Off-Track Betting Corporation et al. Federal Civil Lawsuit New York Eastern District Court, ...




Butler v. Nassau Regional Off-Track Betting Corporation et al. Federal Civil Lawsuit New York Eastern District Court, ...




Butler v. Nassau Regional Off-Track Betting Corporation et al. Federal Civil Lawsuit New York Eastern District Court, ...




Butler v. Nassau Regional Off-Track Betting Corporation et al. Federal Civil Lawsuit New York Eastern District Court, ...




Butler v. Nassau Regional Off-Track Betting Corporation et al. Federal Civil Lawsuit New York Eastern District Court, ...