web
analytics
Quick Search Tags
Smith's Research & Gradings
Volume: 
XXVIII
Issue: 
14
Author: 
August 17, 2020

Smith's Research & Gradings

Disastrous Puerto Rico Elections

Disastrous Puerto Rico Elections

Puerto Rico's elections were a mess. On Sunday, August 9, Puerto Rico was forced to partially suspend voting for primaries marred by a lack of ballots, as officials called on the president of the Commonwealth's elections commissioner Juan Ernesto Davila to resign. The primaries for voting centers that had not received ballots by early Sunday afternoon were expected to be rescheduled, while voting would continue elsewhere, the commission said.
"I have never seen on American soil something like what just has been done here in Puerto Rico. It's an embarrassment to our government and our people," said Pedro Pierluisi, who was running against Gov. Wanda Vázquez, to become the nominees for the pro-statehood New Progressive Party.
The president of the New Progessive party, Thomas Rivera Schatz, along with the president of the main opposition Popular Democratic Party, held a joint press conference and said they agreed that the remaining primaries should be held on August 16. Other politicians argued that the entire primary be scrapped and held the following Sunday.
On August 16, the people of Puerto Rico once again went to vote. Puerto Rican Gov. Wanda Vazquez acknowledged losing the primary of her pro-statehood party to Pedro Pierluisi, who briefly served as the U.S. territory's governor last year amid political turmoil. With more than 78% of electoral colleges reporting late Sunday, Mr. Pierluisi received more than 57% of the vote compared with more than 42% for Gov. Vazquez.
Carlos Delgado, mayor of the northwest town of Isabela for 20 years, won by a landslide to lead the Popular Democratic Party. With more than 68% of electoral colleges reporting, Delgado had received more than 60% of the vote. Conceding defeat was Puerto Rico Sen. Eduardo Bhatia and San Juan Mayor Carmen Yulín Cruz, known for her public spats with President Trump.

Take notice

Stay on top of the latest global news that can impact your investment strategy.

Biden Infrastructure Plan Approved

While we were sleeping late Thursday night, the U.S. House of Representatives passed the Infrastructure Investment & Jobs Act (IIJA) exactly as the U.S. Senate did in August. Now, it is going to the President for signature.

Outlook Neutral

Delta Air Lines, Inc — LaGuardia Airport Terminals C&D Redevelopment Project

In voting conducted by institutional investors, The 2018 All-Star Deal of the Year was awarded to the New York Transportation Development Corporation for the Delta Airlines, Inc - LaGuardia Airport Terminals C&D Redevelopment Project.

Manufacturing, Reshoring and Big Challenges

One of the cornerstones of the Trump administration is the revival of the manufacturing sector. This is to be accomplished through a combination of economic policy measures, promotion of returning manufacturing to the US or reshoring, and, when perceived necessary, bullying companies, often with the threat of tariffs as well as a steady stream of presidential badgering on social media.

Subscribe Today to unlock insights that could impact you tomorrow!

With your monthly or yearly Subscription you will unlock online articles and have the ability to download the full PDF files for the publication.
SMITH'S RESEARCH & GRADINGS
$79.95 / Per Month
$850 / Year (Save 30%)
* Discounted Rates for Issuers and Governmental Entities

Smith's Research & Gradings focuses on the people, sectors and news that matter the most to you. Smith's analysis is an indispensable part of Wall Street and the world's capital markets. Our approach was inspired by the need for a consistent analytical approach across all asset classes.

THE GLOBAL ECONOMIC DOCTOR
$79.50 / Per Month
$850 / Year (Save 30%)
* Discounted Rates for Issuers and Governmental Entities

Let a subscription to The Global Economic Doctor provide you with access to sovereign news, analysis and insights. Concise and powerful, the Global Economic Doctor spans the globe, giving you a read on how today’s market developments and key players are impacting your business around the planet.