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[OP-ED]: Postponing the next recession?

 06/30/2017 - 08:37
Economists from the Bank for International Settlements (BIS) in Basel, Switzerland -- a bank for government central banks -- find that the pass-through from wage increases to price increases has weakened. If this is confirmed and continues, it implies that inflation will remain tame for some time even if the economy continues to grow. EFE

This is not your father’s inflation -- and that’s good news. Business cycles often end when higher inflation causes a country’s central bank (the Federal Reserve in the United States) to raise interest rates, slowing the economy and, perhaps, triggering a recession. The good news: The next recession may be delayed, because the Phillips Curve has shifted.

US-Panama Relations: Varela and Trump Discuss Common Challenges Facing the Region

 06/20/2017 - 04:49
US President Donald J. Trump (R) and the President of Panama Juan Carlos Varela shake hands in the Oval Office of the White House in Washington, DC, USA, 19 June 2017. EPA/Molly Riley / POOL

Both leaders met in Washington and agreed to work for peace and democracy in Venezuela. With an agenda focusing on security, fighting drug trafficking and controlling illegal immigration, Varela is expected to meet today with Homeland Security Secretary John Kelly. 

Plain Text Author: 
EFE

Bricks and Mortar: Trump's $1T infrastructure plan to rebuild America

 06/08/2017 - 04:32
Trump has proposed a plan to make US once again a nation of builders. US President Donald J. Trump applauds in front of a US Marine while walking across the South Lawn after returning to the White House by Marine One, in Washington, DC, USA, 07 June 2017. Trump returns from Cincinnati, Ohio. EPA/MICHAEL REYNOLDS

President Donald Trump on Wednesday in Cincinnati presented his plan to improve the nation's infrastructure and once again make the country a nation of "builders," giving state and local authorities more freedom of action, fewer environmental regulations and more private support.

Plain Text Author: 
EFE