Today's Date: July 2, 2022
Tracey Hayes from MicroAge Named on CRN's 2022 Women of the Channel Power 70 Solution Providers List   •   RNR Tire Express Surprises Tampa-Area Woman with New Car in Mother's Day Giveaway   •   Five Bluum Standouts Honored on CRN 2022 Women of the Channel List   •   Closing the Health Disparity Gap for Black Women   •   VNA Health Care Discusses the Importance of Mammography and Cervical Cancer Screenings   •   Wan Bridge Launches Georgetown Heights, its First Build-To-Rent Community in Central Texas   •   Checkmarx' Ana Lucia Amaral Honored as a CRN 2022 Woman of the Channel   •   Global Surrogacy Services Announces Outreach to Potential Gestational Surrogates in Three Southwestern States   •   Tractor Supply Company Celebrates Service Members With Nationwide Discount on the Fourth of July and Announces Grant Donation fo   •   Xfinity Stream app Launches on Apple TV 4K and Apple TV HD   •   Mrs. Flowers Takes the Helm at Comfort Home Care, Rockville, MD   •   Cinemark Brings the Ultimate Cinematic Experience to Riverton with Mountain View Village Theatre Now Open   •   EA SPORTS™ F1® 22 Launches Worldwide Today   •   Four recipients of the 2022 Awards of Excellence in Nursing announced from Indigenous Services Canada   •   Mia Becar to Launch Equity Crowdfunding Campaign   •   New Survey Reveals Lack of Knowledge among U.S. Women about Uterine Health, Including Fibroid Symptoms and Treatment Options   •   Citizens for Judicial Fairness and Reverend Al Sharpton Applaud Nomination of Justice Tamika Montgomery-Reeves to Third Circuit   •   NCCI Golf Event Generates $25,000 for Kids' Chance of America Scholarships   •   Eight Ameriprise Financial Advisors Named to the Barron’s Top 100 Women Financial Advisors List   •   Equitable Bank Releases Inaugural ESG Performance Report
Bookmark and Share

Puerto Ricans Tighten Screws With Rum Company

 NEW YORK,— The National Puerto Rican Day Parade, one of America's largest outdoor events with more than 2 million participants, has announced it is terminating its relationship with the makers of Captain Morgan Rum over the company's planned abandonment of its Puerto Rican distillery in exchange for taxpayer-funded grants of $2.7 billion that the island needs for health and educational needs.

"The corporate sponsorships of Captain Morgan and its British parent, Diageo, PLC, are no longer welcome," announced Parade Chairperson Madelyn Lugo. Diageo's brands, Johnny Walker, Jose Cuervo and Captain Morgan, have had a 30 year relationship with the Parade.

"This Parade is about pride and respect, and Captain Morgan has shown us neither," she asserted. "They are abandoning us in exchange for $2.7 billion in taxpayer-funded corporate handouts that would otherwise be used to meet the educational and health needs of Puerto Rico, where 16 percent are unemployed and 1 in 3 lives below the poverty line."

Two years ago, the U.S. Virgin Islands lured Captain Morgan to St. Croix by promising to split $6 billion in anticipated revenues from rebates of federal excise tax it expects to receive on the rum. The rebates are the principal form of federal assistance to both Territories, generating $470 million for Puerto Rico last year.

The deal has been sharply criticized by labor groups, who complain that the new distillery on St. Croix, also being financed by federal excise tax rebates, will employ at least 330 fewer workers.

Florida Republican Senator George LeMieux has announced plans to offer an amendment this week to the proposed jobs bill that will effectively scuttle the deal by tying future excise tax rebates to the respective Territories' populations, rather than the place of production.

The National Puerto Rican Coalition, which has led the fight against the Captain Morgan deal, said today's decision by Parade organizers will put "serious pressure" on New York Senators Charles Schumer and Kirsten Gillibrand. "New York represents the greatest concentration of Puerto Ricans living on the mainland," said NPRC President Rafael Fantauzzi. "They'll be watching to see whether their Senators stand with us, or with a British liquor company."

SOURCE National Puerto Rican Day Parade, Inc.



Back to top
| Back to home page
Video

White House Live Stream
LIVE VIDEO EVERY SATURDAY
Breaking News
alsharpton Rev. Al Sharpton
9 to 11 am EST
jjackson Rev. Jesse Jackson
10 to noon CST


Video

LIVE BROADCASTS
Sounds Make the News ®
WAOK-Urban
Atlanta - WAOK-Urban
KPFA-Progressive
Berkley / San Francisco - KPFA-Progressive
WVON-Urban
Chicago - WVON-Urban
KJLH - Urban
Los Angeles - KJLH - Urban
WADO-Spanish
New York - WADO-Spanish
WBAI - Progressive
New York - WBAI - Progressive
WKDM-Mandarin Chinese
New York - WKDM-Mandarin Chinese
WOL-Urban
Washington - WOL-Urban

Listen to United Natiosns News