Hewlett-Packard is considering an expansion of its research operations in Puerto Rico for pharmaceutical work and other tasks, the Palo Alto, Calif.-based computer and printer company said on Wednesday. HP and the Puerto Rican government signed a memorandum of understanding to explore the expansion, which could include a new branch of HP Labs, the company said. HP currently employs about 2,000 in Puerto Rico for sales, service and manufacturing of inkjet cartridges and Superdome server circuit boards. Research areas of interest include technology to make it harder to counterfeit drugs and to make it easier to dispense medicine. … [Read more...] about HP may expand Puerto Rican research
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Medtronic, which supplies about half of the world’s pacemakers, recently announced that the company is investing $5 million for a second facility in Puerto Rico. Baxter, another medical products giant, employs 4,000 people in its plants across the island. Why are many of the world’s biggest medical device companies investing millions on this island—a U.S. jurisdiction with a foreign-like tax structure? According to Puerto Rico Industrial Development Company (PRIDCO), a government economic development branch, more than $5 billion in shipments of medical devices leave Puerto Rico each year. The government recently enacted Law 73, which provides up to a 50 percent tax credit of qualified research and development expenses for developing new technologies. After last month’s AdvaMed 2010: The Medtech Conference in Washington, I talked with Victor Merced, the PRIDCO’s business development officer for Life Sciences, to learn why the medical device industry … [Read more...] about Why do medical companies want to do business in Puerto Rico?
The telescope is one of humankind's most important inventions. The simple device that made far away things look near gave observers a new perspective. When curious men pointed the spyglass toward the sky, our view of Earth and our place in the universe changed forever. But who invented the telescope? The answer remains a mystery today. It was probably inevitable that as glassmaking and lens-grinding techniques improved in the late 1500s, someone would hold up two lenses and discovered what they could do. The first person to apply for a patent for a telescope was a Dutch eyeglass maker named Hans Lippershey (or Lipperhey). In 1608, Lippershey laid claim to a device that could magnify objects three times. His telescope had a concave eyepiece aligned with a convex objective lens. One story goes that he got the idea for his design after observing two children in his shop holding up two lenses that made a distant weather vane appear close. Others charged at the time that he stole the … [Read more...] about Who Invented the Telescope?
In the wake of the devastation wrought by Hurricane Maria, Puerto Rico is still without power. The island’s infrastructure was due for an upgrade even before the recent natural disaster, and now it seems that one of the biggest names in the technology industry might be taking on the mission to make that happen.SpaceX and Tesla CEO Elon Musk has already sent hundreds of its Powerwall batteries to Puerto Rico as a stopgap. On Thursday, October 5, he took to Twitter to state that his company has the means to provide the necessary support to rebuild its power grid.“The Tesla team has done this for many smaller islands around the world, but there is no scalability limit, so it can be done for Puerto Rico too,” tweeted Musk. He went on to stress that the company would need the blessing of the Puerto Rican government, the Public Utility Commission, any commercial stakeholders, and the island’s residents.Puerto Rico’s governor Ricardo Rossello responded to Musk … [Read more...] about Puerto Rico’s governor wants Elon Musk to renew the island’s electrical grid
Early on September 20, Category 4 Hurricane Maria hit Puerto Rico, taking roofs off houses and doors off their hinges. The storm brought down radar, weather stations, and cell phone towers. It left the island without power. Almost two weeks later, the majority of the residents still don’t have power. In fact, less than 7 percent of customers of Electric Power Authority (AEE), the U.S. territory’s main utility provider, have electricity. That’s up from 5 percent on September 29, according to the Washington Post.The Puerto Rican government set up a website, status.pr, that lets residents check how many gas stations are open and the number of hospitals that are up and running. So at least, the 40 percent of those with internet or cell service can check it, provided they also have access to some electricity. 88 percent of cell sites weren’t yet working as of Monday, according to the Federal Communication Commission.The site went live on September 29, and it … [Read more...] about Puerto Rico website is keeping track of the island’s re-emerging infrastructure
Infor is being sued by a Puerto Rican tax authority on grounds that its failure to maintain software used by the organization racked up US$9 million in costs.The Municipal Revenue Collection Center first acquired a limited license in 2006 for Infor's Hansen software, according to the lawsuit filed this week in U.S. District Court for the District of Puerto Rico. Hansen, which Infor purchased in 2007, provides asset management and billing capabilities for public sector agencies.The tax authority initially hired a Hansen partner, Rock Solid Technologies, to install the system, but later decided to switch to Infor, according to the suit. This resulted in three support and services contracts between the authority and Infor, which were signed in early 2010 and had a total value of about $1.1 million."The services provided by Infor have been very deficient and negligent since the beginning of Infor's contractual relationship with [the authority]," the suit states. Infor allegedly caused … [Read more...] about Puerto Rican Government Agency Claims Infor’s Negligence Cost it $9 Million
Google parent company Alphabet will use large balloons to bring cellular service to Puerto Rico, in an effort to help reconnect the country after the damage brought by Hurricane Maria. The tech firm received a formal license from the FCC on Saturday to use its Project Loon service to provide emergency cellular service to the island. Project Loon is a part of Alphabet's X division, which develops its nontraditional "moonshot" products. The project launches balloons into the stratosphere, which then use directional antennae to beam LTE signals to users. The project was officially announced in 2013, but had been in development since 2011. Project Loon was initially piloted in New Zealand, and it has since been trialled in numerous other places. SEE: Power checklist: Building your disaster recovery plan (Tech Pro Research) Now that the experimental license has been granted, an FCC press release said, Alphabet will attempt to bring the service to Puerto Rico. Project Loon will use … [Read more...] about Google’s Project Loon will use balloons to bring cell service to Puerto Rico
Walmart and Puerto Rico are entering a feud over what the company is calling "onerous and unconstitutional" tax increases. Get the Free Tracker App to find a Nintendo Switch in Stock It was such a dramatic tax increase the Walmart is estimating that they will have to pay nearly 92% of its net income within Puerto Rico in taxes - over three times what Walmart would pay elsewhere. This is due, in part, to the fact that Puerto Rico is extremely short on cash (they are over $70 billion in debt) and has accused Walmart of causing even more problems because it isn't paying its fair share of taxes.Part of the plan to dig their way out of that debt is to double the taxes on big companies like Walmart that get their supplies from off the island. According to CNN Money, the tax only applies to companies that make over $2.75 billion a year."No government should be permitted to drive a company -- the largest private employer -- out of business through a special tax applicable at its highest … [Read more...] about Walmart Vs. Puerto Rico?
In an interview with Alberto Bacó-Bagué, Secretary of the Department of Economic Development and Commerce in the Government of Puerto Rico, we discussed why officials turned to LinkedIn as their primary platform to build a hub for entrepreneurs and to foster innovation across the country—all in an effort to address their larger economic challenges. Get the Free Tracker App to find a Nintendo Switch in Stock Rahim Kanani: What are the most critical economic and social challenges facing Puerto Rico today?Alberto Bacó-Bagué: It’s no secret that Puerto Rico is facing some serious economic and social challenges. Though we boast a highly educated, skilled, and bilingual population, our labor force participation has been decreasing. The island’s highly skilled Puerto Rican graduates in the STEM (Science, Technology, Engineering and Math) disciplines are in high demand by top U.S. recruiters. Because of this, educated Puerto Ricans are leaving our … [Read more...] about Puerto Rico Harnesses LinkedIn To Drive Economic Progress
The Arecibo Observatory can detect radio signals from aliens. Arecibo is a very large radio telescope that’s built in the Puerto Rican sinkhole. The observatory also serves as a strong radar station that can detect different objects in space, and can also record the echoes. Get the Free Tracker App to find a Nintendo Switch in Stock Arecibo started the observation on Sunday and captured a fast moving object, an asteroid dubbed 2015 BN509. The asteroid is a small rock that seems a large peanut.But,scientists say that the asteroid is as big as its 200 meters wide and 400 meters long, so you can see that it’s taller than the Empire State Building in New York.NASA declared the asteroid as hazardous that means there is a possibility that it might strike the earth someday, according to Mail Online via BusinessInsider.The images of asteroid were posted on twitter by Corey S Powell that attracted several people. The Arecibo scientists include Ed Rivera who is from the … [Read more...] about A Peanut-Shaped Asteroid Could Crash Into The Earth