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Mexicans Protest Against NAFTA talks, as Their Government Fights to Save It

 08/17/2017 - 06:11
Civil organizations demonstrate to protest the start of NAFTA renegotiations, in the streets of Mexico City, Mexico, 16 August 2017. EPA/Jose Mendez

While Mexican government negotiators fight to save the North American Free Trade Agreement during talks in Washington, thousands of members of social and trade unions on Wednesday protested in Mexico City against the deal, claiming it marginalizes local farmers and hurts the country.

Plain Text Author: 
Andrea Rodés/ EFE

[OP-ED]: El gran debate de Trump sobre el crecimiento económico

 08/15/2017 - 10:01
No hay suficiente dinero para satisfacer todas nuestras demandas, incluso a tasas más altas de crecimiento económico. Habrá conflictos entre gastos privados y gubernamentales; entre gastos nacionales y locales; entre gastos de salud y gastos de no-salud; y entre gastos dedicados a los ancianos versus los jóvenes. El presente es polémico; el futuro quizás sea peor.

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?

[OP-ED]: Trump’s great growth debate

 08/09/2017 - 08:58
There isn’t enough money to satisfy all our demands, even at higher rates of economic growth. There will be conflicts between private and governmental spending; between national and local spending; between health spending and non-health spending; and between spending on the old versus the young. The present is contentious; the future may be worse.

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.

[OP-ED]: Deficits forever?

 07/20/2017 - 12:15
The federal budget remains badly out of whack, even though we are near or at “full employment” (June unemployment rate: 4.4 percent). We cannot afford tax cuts; we need tax increases.

House Republicans, who are now deliberating the government’s 2018 budget, pledge to eliminate deficits within a decade. Well, good luck with that. It must be obvious that chronic deficits reflect a basic political impasse that can be broken only if majorities in Congress do things they’ve refused to do: trim Social Security benefits; raise taxes significantly; control health spending. There is a giant mismatch between what Americans want from government and what they’ll pay for with taxes.

[OP-ED]: ¿Déficits para siempre?

 07/20/2017 - 12:10
El presupuesto federal permanece en muy mal estado, aunque estemos cerca de un “empleo pleno” (Tasa de desempleo de junio: 4,4 por ciento). No podemos permitirnos recortes de impuestos; necesitamos aumentos de impuestos.

Los republicanos de la cámara baja, que ahora están deliberando sobre el presupuesto de 2018, prometen eliminar los déficits en una década. Bien, buena suerte con eso. Debe ser obvio que los déficits crónicos reflejan un impasse político básico que puede ser interrumpido solo si las mayorías del Congreso hacen lo que se han negado a hacer: recortar los beneficios de seguridad social; aumentar los impuestos significativamente; controlar los gastos de salud. Hay una gran discordancia entre lo que los estadounidenses quieren del gobierno y lo que están dispuestos a pagar en impuestos.

[OP-ED]: Trump’s NAFTA delusion

 06/16/2017 - 08:41
El presidente mexicano, Enrique Peña Nieto agradeció la visita de la canciller alemana, Angela Merkel, en un "momento crucial" y destacó la visión compartida de ambos países en democracia, libre comercio, medio ambiente y derechos humanos. EFE

The Trump administration is determined to renegotiate the North American Free Trade Agreement (NAFTA) -- which created a single market from Mexico’s southern border to the Yukon -- but the main political appeal of this policy rests on a popular myth: that “fair” trade requires the United States to have a surplus or balanced trade with both Mexico and Canada.

Republican healthcare plan will cost 23 million people their coverage, CBO says

 05/25/2017 - 03:55
Republican Speaker of the House from Wisconsin Paul Ryan speaking to the media, in the US Capitol in Washington, DC, USA, 18 May 2017. EPA/JIM LO SCALZO

The healthcare reform proposed by President Donald Trump to "repeal and replace" ObamaCare, and which was narrowly approved by the Republican-controlled House of Representatives, would leave 23 million people without healthcare coverage over the next decade, the Congressional Budget Office said Wednesday.

Plain Text Author: 
EFE