Subscribe Login
Jamaica Observer
ePaper
The Edge 105 FM Radio Fyah 105 FM
Jamaica Observer
ePaper
The Edge 105 FM Radio Fyah 105 FM
    • Home
    • News
      • Latest News
      • Cartoon
      • International News
      • Central
      • North & East
      • Western
      • Environment
      • Health
      • #
    • Business
      • Business Bites
      • Social Love
    • Sports
      • Football
      • Basketball
      • Cricket
      • Horse Racing
      • World Champs
      • Commonwealth Games
      • FIFA World Cup 2022
      • Olympics
      • #
    • Entertainment
      • Music
      • Movies
      • Art & Culture
      • Bookends
      • #
    • Lifestyle
      • Page2
      • Food
      • Tuesday Style
      • Food Awards
      • JOL Takes Style Out
      • Design Week JA
      • Black Friday
      • #
    • All Woman
      • Home
      • Relationships
      • Features
      • Fashion
      • Fitness
      • Rights
      • Parenting
      • Advice
      • #
    • Obituaries
    • Classifieds
      • Employment
      • Property
      • Motor Vehicles
      • Place an Ad
      • Obituaries
    • More
      • Games
      • Elections
      • Jobs & Careers
      • Study Centre
      • Jnr Study Centre
      • Letters
      • Columns
      • Advertorial
      • Editorial
      • Supplements
      • Webinars
    • Home
    • News
      • Latest News
      • Cartoon
      • International News
      • Central
      • North & East
      • Western
      • Environment
      • Health
      • #
    • Business
      • Business Bites
      • Social Love
    • Sports
      • Football
      • Basketball
      • Cricket
      • Horse Racing
      • World Champs
      • Commonwealth Games
      • FIFA World Cup 2022
      • Olympics
      • #
    • Entertainment
      • Music
      • Movies
      • Art & Culture
      • Bookends
      • #
    • Lifestyle
      • Page2
      • Food
      • Tuesday Style
      • Food Awards
      • JOL Takes Style Out
      • Design Week JA
      • Black Friday
      • #
    • All Woman
      • Home
      • Relationships
      • Features
      • Fashion
      • Fitness
      • Rights
      • Parenting
      • Advice
      • #
    • Obituaries
    • Classifieds
      • Employment
      • Property
      • Motor Vehicles
      • Place an Ad
      • Obituaries
    • More
      • Games
      • Elections
      • Jobs & Careers
      • Study Centre
      • Jnr Study Centre
      • Letters
      • Columns
      • Advertorial
      • Editorial
      • Supplements
      • Webinars
  • Home
  • News
    • International News
  • Latest
  • Business
    • Business Bites
  • Cartoon
  • Games
  • Food Awards
  • Health
  • Entertainment
    • Bookends
  • Regional
  • Sports
    • Sports
    • World Cup
    • World Champs
    • Olympics
  • All Woman
  • Career & Education
  • Environment
  • Webinars
  • More
    • Football
    • Elections
    • Letters
    • Advertorial
    • Columns
    • Editorial
    • Supplements
  • Epaper
  • Classifieds
  • Design Week
Florida may drop ties to businesses linked to Venezuela
A man counts 100-bolivar-bills at an office in Caracas on December 12, 2016.Venezuelan President Nicolas Maduro on Sunday signed an emergency decree ordering the country's largest banknote, the 100 bolivar bill, taken out of circulation to thwart "mafias" he accused of hoarding cash in Colombia. / AFP PHOTO / FEDERICO PARRA
Latest News, News
July 4, 2017

Florida may drop ties to businesses linked to Venezuela

TALLAHASSEE, Florida (AP) — Amid an escalating political crisis in Venezuela, Florida may sever its connections to businesses that support the South American country’s current government.

Governor Rick Scott on Wednesday announced that he will ask the trustees of Florida’s pension plan to go along with a proposal that targets businesses helping the regime of President Nicolas Maduro.

He and other Florida politicians, including US Senator Marco Rubio, have been highly critical of Maduro in the past few months.

Scott announced the plan the same day that pro-government militias wielding wooden sticks and metal bars stormed congress and began attacking opposition lawmakers during a special session coinciding with Venezuela’s independence day.

“Floridians stand with the people of Venezuela as they fight for their freedom, and as a state, we must not provide any support for Maduro and his thugs,” Scott said in a statement.

In the past three months, security forces have clashed with protesters who accuse the government of trying to establish a dictatorship by jailing foes, pushing aside the opposition-controlled legislature and rewriting the constitution to avoid fair elections.

The Scott administration did not provide any details of the new proposal but, depending on its wording, it could force the state to stop doing business with Goldman Sachs and others companies tied to Venezuela.

The trustees of the State Board of Administration, a panel that includes Scott as well as Attorney General Pam Bondi and Chief Financial Officer Jimmy Patronis, will consider the plan in August. The trustees oversee the Florida Retirement System, the state-run pension plan worth roughly US$150 billion.

Goldman Sachs earlier this year acquired US$2.8 billion in bonds at a steeply discounted price that had been initially issued by the Venezuela-run oil company. The bank manages some of the state’s investments, and the state owns stock in the company. Goldman Sachs did not respond to questions about Scott’s proposal, but has previously issued statements saying it bought the bonds through a broker.

Scott’s move came just hours after State Sen. Jose Javier Rodriguez, a Miami Democrat, said he would file legislation for the 2018 legislative session that would force the state to drop its investments in any companies doing business with the Maduro regime. Rodriguez called Scott’s announcement “good news.”

“We have a choice on where to invest funds and who to help manage those funds,” Rodriguez said. “If we have a choice and a company like Goldman Sachs has decided to help prop up the Maduro regime, why would we want taxpayers to participate in that?”

Florida already has laws that prohibit the state from investing in companies that do business in Cuba, Iran and Sudan. And last year the State Board of Administration was ordered to divest from companies that boycott Israel.

{"website":"website"}{"jamaica-observer":"Jamaica Observer"}
img img
0 Comments · Make a comment

ALSO ON JAMAICA OBSERVER

First come, first seated, says JUTC
Latest News, News
First come, first seated, says JUTC
June 3, 2026
KINGSTON, Jamaica — The Jamaica Urban Transit Company Limited (JUTC) is reminding the commuting public that seating on all its buses is allocated on a...
{"jamaica-observer":"Jamaica Observer"}
Latest News, News
Gas prices down $0.25, diesel down $0.25
June 3, 2026
KINGSTON, Jamaica — Motorists should see an increase at the pumps in the price of gasoline effective Thursday, June 4, according to the latest ex-refi...
{"jamaica-observer":"Jamaica Observer"}
Region told El Nino could result in increased Atlantic Hurricane season activity
Latest News, Regional
Region told El Nino could result in increased Atlantic Hurricane season activity
June 3, 2026
BRIDGETOWN, Barbados (CMC) – The Barbados-based Caribbean Climate Outlook Forum (CariCOF) Wednesday warned of a potentially increased Atlantic Hurrica...
{"jamaica-observer":"Jamaica Observer"}
Authorities warn of World Cup ticket, merchandise scams
International News, Latest News
Authorities warn of World Cup ticket, merchandise scams
June 3, 2026
WASHINGTON, United States (AFP) — Fraudsters are exploiting interest in the 2026 World Cup with a barrage of scams, as authorities and researchers cau...
{"jamaica-observer":"Jamaica Observer"}
Trinidad and Tobago welcomes election to UN Security Council
Latest News, Regional
Trinidad and Tobago welcomes election to UN Security Council
June 3, 2026
PORT OF SPAIN, Trinidad (CMC) — The Government of Trinidad and Tobago on Wednesday welcomed the country’s election as a non-permanent member of the Un...
{"jamaica-observer":"Jamaica Observer"}
Current, ex-JP granted bail in Manchester forgery case
Latest News, News
Current, ex-JP granted bail in Manchester forgery case
June 3, 2026
MANCHESTER, Jamaica – Marvin Dean and Dudley Powell, the two men charged with a string of charges including uttering forged documents were granted bai...
{"jamaica-observer":"Jamaica Observer"}
US sanctions interrupt Visa, Mastercard payments in Cuba — central bank
International News, Latest News
US sanctions interrupt Visa, Mastercard payments in Cuba — central bank
June 3, 2026
HAVANA, Cuba (AFP) — Visa and Mastercard payments in Cuba will be suspended from Saturday after United States (US) sanctions prompted a foreign bank t...
{"jamaica-observer":"Jamaica Observer"}
Moyann releases Miss Toxic EP
Entertainment, Latest News
Moyann releases Miss Toxic EP
June 3, 2026
Dancehall artiste Moyann has given her fans another reason to celebrate with the release of her highly anticipated EP, Miss Toxic , which became avail...
{"jamaica-observer":"Jamaica Observer"}
❮ ❯

Polls

HOUSE RULES

  1. We welcome reader comments on the top stories of the day. Some comments may be republished on the website or in the newspaper; email addresses will not be published.
  2. Please understand that comments are moderated and it is not always possible to publish all that have been submitted. We will, however, try to publish comments that are representative of all received.
  3. We ask that comments are civil and free of libellous or hateful material. Also please stick to the topic under discussion.
  4. Please do not write in block capitals since this makes your comment hard to read.
  5. Please don't use the comments to advertise. However, our advertising department can be more than accommodating if emailed: advertising@jamaicaobserver.com.
  6. If readers wish to report offensive comments, suggest a correction or share a story then please email: community@jamaicaobserver.com.
  7. Lastly, read our Terms and Conditions and Privacy Policy

Recent Posts

Archives

Facebook
Twitter
Instagram
Tweets

Polls

Recent Posts

Archives

Logo Jamaica Observer
Breaking news from the premier Jamaican newspaper, the Jamaica Observer. Follow Jamaican news online for free and stay informed on what's happening in the Caribbean
Featured Tags
  • Editorial
  • Columns
  • Health
  • Auto
  • Business
  • Letters
  • Page2
  • Football
Categories
  • Business
  • Politics
  • Entertainment
  • Page2
  • Business
  • Politics
  • Entertainment
  • Page2
Ads
img
Jamaica Observer, © All Rights Reserved
  • Home
  • Contact Us
  • RSS Feeds
  • Feedback
  • Privacy Policy
  • Editorial Code of Conduct