La discusión entre el gobierno de Trump y sus críticos sobre una tasa de crecimiento económico sostenible suscita profundas preguntas sobre el futuro de Estados Unidos. ¿Ingresamos en un período prolongado de crecimiento económico lento? Si es así, ¿cómo altera eso la sociedad y la política? ¿O acaso las medidas “correctas” elevarán el crecimiento económico a niveles del pasado?
The argument between the Trump administration and its critics over a sustainable rate of economic growth raises profound questions about America’s future. Have we entered a prolonged period of slow growth? If so, how does that alter society and politics? Or will the “right” policies raise growth to past levels?
If you haven’t paid attention, here’s a brief overview of the debate.
Brazil's former president Luiz Inacio Lula da Silva has been sentenced to nine years and six months in prison for corruption and money laundering.
In Washington, there is a conventional wisdom on North Korea that spans both parties and much of elite opinion. It goes roughly like this: North Korea is the world’s most bizarre country, run by a crackpot dictator with a strange haircut. He is unpredictable and irrational and cannot be negotiated with. Eventually this weird and cruel regime will collapse. Meanwhile, the only solution is more and more pressure. But what if the conventional wisdom is wrong?
One of the most intriguing mysteries of Latin American culture is what happened to the Maya civilization. How come after over 3,000 years of history, from about 2, 500 BC to 950 AD, most of the glorious Maya centers in Mesoamerica were abandoned? Before the arrival of the Europeans in the 1500’s magnificent cities like Tikal in Guatemala and Copán in Honduras had all but disappeared; left uninhabited, they were covered by thick jungle growth, hidden throughout the mountains and the lowlands.
The U.K. goes to the polls today after Prime Minister Theresa May called a snap election hoping to secure parliamentary majority to push through her Brexit plans, but recent terror attacks have cast a shadow over the vote.
According to a Wall Street Journal report, the US investment bank, Goldman Sachs, last week made a purchase of bonds issued in 2014 by the Petroleos de Venezuela Company, worth $ 2.8 billion.
There are so many unusual, unprecedented aspects of Donald Trump’s first 100 days in office that it’s hard to know where to begin.
Extreme temperatures and getting lost are the two greatest dangers facing thousands of people who each year try to cross into the US illegally over its southern border on long treks led - part of the way, at least - by people-traffickers known as "coyotes."
At America’s core, you’ll find two competing beliefs about citizen power. On the one hand, Americans cherish the idea that one person can create social change. But there is also the sense that -- to quote Donald Trump and Bernie Sanders -- the game is rigged.
The recent Republican debacle on health care could prove to be an opportunity. It highlighted, yet again, the complexity of America’s system, which continues to be by far the most expensive and inefficient in the advanced world.
Pese a que todavía existen brechas en temas como el acceso a la educación y la equidad salarial, miles de latinas están liderando los índices de acceso a educación superior y creación de empresas. AL DÍA News reconocerá este 12 de abril seis experiencias exitosas.
Overcoming all odds, Latinas are progressing almost twice as fast as their male counterparts in their community. AL DÍA News will honor them.
Sí, ya lo sé, no es de buena educación recordarle a alguien “Te lo dije”. Pero desde la elección de Lenín Moreno como presidente de Ecuador esta semana, no me puedo controlar: Se los dije, los ecuatorianos no son tontos.
Yes, I know, telling someone “I told you so” is not the best of manners. But after Lenín Moreno was elected president of Ecuador this week, I cannot help myself: I told you so, Ecuadorans are not fools.
Backing off from their key campaign promise marks a big defeat for both Ryan and the president, who’d pushed hard for the bill and then pressed for a vote on it. Trump is now presenting himself as a bystander to the loss, and Republican voters may well side with him.
Toward the end of 1942, Winston Churchill, in announcing a rare victory over the German army, uttered one of his more memorable phrases: “This is not the end. It is not even the beginning of the end. But it is, perhaps, the end of the beginning.” The same might be said today of the American economic recovery. Progress, though real, is incomplete.
You knew it all along: Economists can’t forecast the economy worth a hoot. And now we have a scholarly study that confirms it. Better yet, the corroboration comes from an impeccable source: the Federal Reserve.
The study compared predictions of important economic indicators -- unemployment, inflation, interest rates, gross domestic product -- with the actual outcomes. There were widespread errors. The study concluded that “considerable uncertainty surrounds all macroeconomic projections.”
”We have met the enemy and he is us.”
- the comic-strip character Pogo by Walt Kelly, 1970
The same may be true of the economy. So says Tyler Cowen, author of the new book “The Complacent Class: The Self-Defeating Quest for the American Dream.”
Although we’ve recovered from the Great Recession, there are widespread fears that the economy will stagnate or grow only slowly. Government won’t be able to handle the next crisis, whether a war, financial meltdown or pandemic.
We live in an age of disbelief. Many of the ideas and institutions that have underpinned Americans’ thinking since the early years after World War II are besieged. There is an intellectual and political vacuum into which rush new figures (Donald Trump) and different ideas (America First). These new ideas and leaders may be no better than the ones they displace -- they may, in fact, be worse -- but they have the virtue of being new.
By now it is settled wisdom that we are witnessing the rise of radical forces on the left and right around the globe. Populists of both varieties, who share a disdain for globalization, are energized, and certain that the future is going their way. But the center is rising again, even in the heart of the old world.
Comes now Timothy Geithner, treasury secretary from 2009 to 2013, to tell you that much of what you “know” about Dodd-Frank -- Congress’ response to the 2008-09 financial crisis -- is wrong. It’s a timely review because the Trump administration is promising to overhaul the law. The title of Geithner’s essay, carried in the current issue of Foreign Affairs, is simple: “Are We Safe Yet?” The answer is not so simple.
You’ve heard the criticism. Too many American corporate managers are addicted to “short-termism.” They postpone investments and other costs, sacrificing future performance for present profitability. Either they’re pressured by “activist investors” or want to inflate the value of their stock options. If true, it could help explain the economy’s lackluster performance. Now, a new study asserts that it is true.
The study is intriguing -- but be skeptical; it has some glaring weaknesses.
La semana pasada familiares, amigos y funcionarios de la ciudad se reunieron para recordar a las víctimas, evento en el que también se dio a conocer el diseño del futuro parque en el que se planea construir una escultura conmemorativa en honor a las víctimas bajo el nombre “June 5th Memorial Park”.
The commemoration also served as a reminder that the park will be built only after all the necessary funds are raised. The Philadelphia Art Commission approved the final design just this week.