Puerto Rico

Puerto Rico now has its first Olympic gold medal, courtesy of tennis star Monica Puig, who beat Germany's Angelique Kerber in the women's singles tournament at Rio's Summer Olympics Saturday.

"I"m speechless," a smiling Puig said after her historic win. "I wanted it so bad."

"I never imagined in my wildest dreams that this would happen," Puig added — and she said her experience in Rio de Janeiro has been like a dream. She's looking forward, she said, to waking up tomorrow morning and seeing her gold medal sitting on her bedside table.

Alt.Latino's Puerto Rican Deep Cuts

Jul 2, 2016
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Two new albums of Puerto Rican music are giving vintage musical styles new meaning in the present. Singer Ileana Cabra and the leaders of the group Miramar all had careers in cutting edge salsa and pop; on their own, though, they've chosen to update older sounds, especially the melancholy, romantic bolero. Their new albums -- Ileana Cabra's iLevitable and Miramar's Dedication to Sylvia Rexach — are both out now.

Puerto Rico has managed to make a payment due today on its bond debt, but officials are warning that the commonwealth's fiscal position remains tenuous.

As a result, the government will have to pay for essential government services by using money budgeted for upcoming debt payments, said Melba Acosta Febo, president of the Government Development Bank for Puerto Rico, in a statement. She added:

The island of Puerto Rico is caught in an economic crisis. While the rest of the U.S. is seeing economic growth, Puerto Rico is struggling to emerge from nine years of recession. The poor economy has spurred hundreds of thousands to leave the island.

The U.S territory is more than $72 billion in debt, running low on cash and on the verge of default.