Puerto Rico Invests in Cannabis, Celebrities and Crypto

Puerto Rico Invests in Cannabis, Celebrities and Crypto

Hurricane Maria has had a devastating impact on Puerto Rico. Although the one-year anniversary of the hurricane is on September 20th, the island has yet to recover with full power.

One-third of the homes were damaged and 3,000 were killed in the massive storm.

But Puerto Rico's economy was already struggling prior to the hurricane.

"Puerto Rico’s gross national product contracted about 7 percent in the 12 months ended June 30," writes "Bloomberg." "The government’s free-spending ways and easy access to Wall Street money collided with the economic downturn, triggering a $74 billion bankruptcy."

In the 1990s and early 2000s, Puerto Rico was a hub for pharmaceutical companies due to an enticing federal tax provision. But when it phaseout in 2006, most of the companies left.

To help the U.S. territory bounce back, Governor Ricardo Rosselló sees potential in blockchain technology. He has formed the blockchain advisory council to help foster this type of business.

Besides financial technology, Rosselló is investing government resources also into the medical marijuana industry, along with the movie business.

The Island's craft brewing scene is also heating up. It has been the first region to adopt the Independent Craft Brewer Seal with 100 percent acceptance.

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Trump Admin Pledges to Give $12 Billion in Additional Aid to Farmers

Trump Admin Pledges to Give $12 Billion in Additional Aid to Farmers

President Donald Trump has repeatedly promised to protect American farmers, but the recent "trade war" has made the farming industry nervous.

Tuesday, the Trump Administration announced that it is rolling out an additional $12 billion in aid for farmers to help keep them afloat during the trade negotiations. 

"The U.S. Department of Agriculture announced Tuesday that it will utilize a Great Depression-era law to send payments to producers of dairy, hogs and certain crops. It will also purchase surpluses of commodities including fruits, nuts, rice, beef, pork and milk and distribute them to food banks and other nutrition programs. And the agency will work with the private sector to develop new export markets for farmers," writes "CNN." 

Several farm groups have applauded the decision, saying it's a step in the right direction. But they also warned that as the trade war progresses, the more of a negative impact it could have on the farming industry. 

China is the largest market for farmers in the U.S. and Canada and Mexico are also big importers from American farms. 

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Facebook's Political Rule Uses Keywords to Block Ads for Bush's Beans

Facebook's Political Rule Uses Keywords to Block Ads for Bush's Beans

Facebook has come under fire lately for many reasons: privacy issues, political responsibility, and the dissemination of “fake news.”

In an effort to offset some of these issues, the social media platform launched a new initiative to increase transparency around who is paying to promote political ideas, according to Bloomberg. Under the new rule, advertisers are required to verify their identities through a time-consuming process or risk their ad being tagged and blocked for pushing a political narrative without attribution.

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Restaurant Receives Major Backlash After Refusing to Serve WH Press Secretary Sanders

Restaurant Receives Major Backlash After Refusing to Serve WH Press Secretary Sanders

The farm-to-table restaurant Red Hen in Lexington, Virginia is dealing with a massive PR nightmare after the owner of the restaurant asked White House Secretary Sarah Sanders to leave her establishment.

The waiter who was given Sanders' table before she was forced to leave, shared the experience on Facebook. 

After the restaurant refused to serve her on Friday, Sanders took to Twitter and confirmed the incident Saturday morning. 

"Last night I was told by the owner of Red Hen in Lexington, VA to leave because I work for @POTUS and I politely left. Her actions say far more about her than about me. I always do my best to treat people, including those I disagree with, respectfully and will continue to do so," tweeted Sanders. 

President Donald Trump also blasted the restaurant on the social platform for refusing to serve Sanders.

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Mexico Imposes Retaliatory Tariffs on $3 Billion Worth of U.S. Goods

Mexico Imposes Retaliatory Tariffs on $3 Billion Worth of U.S. Goods

Mexico retaliated against the Trump Administration last week by imposing tariffs on about $3 billion worth of American pork, steel, cheese, and other goods, according to the New York Times. This is in response to levies imposed by the Trump administration on steel and aluminum.

This tax war brings to light the increasingly strained relationship between the two countries as they work to rewrite the North American Free Trade Agreement (NAFTA.)

Farmers, who are among those most vulnerable to the Mexican tariffs, said the tariffs would devastate American agriculture.

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