economy

[OP-ED]: By all means, take issue with ‘The Bell Curve.’ But read it first

 06/23/2017 - 08:47
t’s a shame that the controversy regarding “The Bell Curve” centered on the book’s delineation of the differences in measured intelligence between blacks and whites
English

When “The Bell Curve” by Charles A. Murray and Richard Herrnstein was published in 1994, I was a junior in college and didn’t know anything about the book except that it had my white literature professors in an uproar. A few of them inveighed against the book’s premise -- the very notion of intelligence as something people possess in varying degrees -- and then the whole controversy eventually died out.

Posted Date: 
Friday, June 23, 2017 - 8:15am
Main Section: 
Caption: 

t’s a shame that the controversy regarding “The Bell Curve” centered on the book’s delineation of the differences in measured intelligence between blacks and whites

Republican health project comes to light

 06/22/2017 - 16:33
Senate Majority Leader Mitch McConnell (r) is surrounded by the press on his way to his office upon arrival at the Capitol in Washington DC, USA, today, June 22, 2017. EFE/MICHAEL REYNOLDS

[OP-ED]: America’s postindustrial blues

 06/22/2017 - 09:43
Says Richard Reeves of the Brookings Institution in his new book “Dream Hoarders.” We should not be surprised that 58 percent of whites and 67 percent of whites without a college degree voted for Trump.
English

Ever since Donald Trump’s election, a cottage industry of politicians, journalists, scholars and commentators has sought to understand what motivates Trump supporters. Theories have ranged from globalization to a rebellion against Washington elitism to racism. But the true cause may have been overlooked: the “postindustrial society.”

Posted Date: 
Thursday, June 22, 2017 - 9:30am
Main Section: 
Caption: 

Says Richard Reeves of the Brookings Institution in his new book “Dream Hoarders.” We should not be surprised that 58 percent of whites and 67 percent of whites without a college degree voted for Trump.

Angela Merkel in Mexico Condemns Building Walls

 06/12/2017 - 04:08
German Chancellor Angela Merkel meets Saturday, June 10, 2017, with those attending the PopUp Tour in Mexico City, including members of the German community in Mexico, to whom she spoke about her love for science. EFE/Sashenka Gutierrez

During official visit to Mexico City, the German Chancellor said walls are no answer to migration and lent support to Mexico over NAFTA

English
Posted Date: 
Monday, June 12, 2017 - 3:30am
Main Section: 
Plain Text Author: 
Andrea Rodés / EFE
Caption: 

German Chancellor Angela Merkel meets Saturday, June 10, 2017, with those attending the PopUp Tour in Mexico City, including members of the German community in Mexico, to whom she spoke about her love for science. EFE/Sashenka Gutierrez

Puerto Rico governor announces $11.4 million investment with ‘Imprisoned’

 06/09/2017 - 06:59
Actors Edward James Olmos (R), Laurence Fishburne (C) and Juan Pablo Raba during a press conference in San Juan, Puerto Rico, June 8, 2017. EFE/Jorge Muñiz

Manifestantes llevan la lucha por la ley de las Ciudades Santuario al Ayuntamiento de Dallas

 06/08/2017 - 09:51
Dallas, TX City Hall.
Spanish

La prohibición de las ciudades santuario no se hará efectiva sin una lucha de por medio. Esta vez el campo de batalla es Dallas (Texas).

Posted Date: 
Wednesday, June 7, 2017 - 5:45pm
Main Section: 
Tags: 
Caption: 

Manifestantes se reúnen en Dallas, en el Ayuntamiento de Texas, para pelear por la ley de las ciudades santuario.

[OP-ED]: Preparing for the next panic -- or not

 06/06/2017 - 17:15
The “American economy will need a coordinated response, particularly if the entire financial system suffers a panic or lack of liquidity.” Bankruptcy judges cannot provide this response. It is best left to the Treasury, Federal Reserve and FDIC.
English

When the next financial crisis hits -- an event that may be years or decades away -- we will learn whether this Congress and the president drew the right lessons from the 2008-09 financial crisis. Congress is arguing over whether government can avoid “bailouts” of large financial institutions and still prevent a full-blown crisis. With all of President Trump’s trials and tribulations, hardly anyone is paying attention.

Posted Date: 
Tuesday, June 6, 2017 - 5:00pm
Main Section: 
Caption: 

The “American economy will need a coordinated response, particularly if the entire financial system suffers a panic or lack of liquidity.” Bankruptcy judges cannot provide this response. It is best left to the Treasury, Federal Reserve and FDIC.

[OP-ED]: Trump’s radical doctrine of retreat

 06/06/2017 - 16:54
Las consecuencias de la postura y de las acciones de Trump son difíciles de prever. Podrían resultar en el lento deterioro del orden internacional liberal. Podrían significar el auge de un orden nuevo y no tan liberal, promovido por China e India, ambos países mercantilistas y nacionalistas. EFE
English

We now have a Trump Doctrine, and it is, in its conception at least, the most radical departure from a bipartisan American foreign policy since 1945. In an op-ed for The Wall Street Journal, National Economic Council Director Gary Cohn and national security adviser H.R. McMaster explain that President Trump has “a clear-eyed outlook that the world is not a ‘global community’ but an arena where nations, nongovernmental actors and businesses engage and compete for advantage.”

Posted Date: 
Tuesday, June 6, 2017 - 4:45pm
Main Section: 
Tags: 
Caption: 

The consequences of Trump’s stance and his actions are difficult to foresee. They might result in the slow erosion of the liberal international order. They might mean the rise of a new, not-so-liberal order, championed by China and India, both of them mercantilist and nationalist countries. EFE

Putin: "We Are Ready to Talk with Trump"

 06/02/2017 - 02:41
Russian President Vladimir Putin speaks during a meeting with heads of international news agencies on the sidelines of the St. Petersburg International Economic Forum at the Konstantinovsky Palace in Strelna, outside St. Petersburg, Russia, 01 June 2017. EPA/ALEXEI DRUZHININ / SPUTNIK / KREMLIN / POOL

This week, Vladmir Putin, President of Russia, gave an interview with a pool of international journalists, in which he said that the policy of sanctions towards Cuba only worked to punish the Cubans, and that Obama was on the right path.

English
Posted Date: 
Friday, June 2, 2017 - 2:30am
Main Section: 
Plain Text Author: 
EFE
Tags: 
Caption: 

Russian President Vladimir Putin speaks during a meeting with heads of international news agencies on the sidelines of the St. Petersburg International Economic Forum at the Konstantinovsky Palace in Strelna, outside St. Petersburg, Russia, 01 June 2017. EPA/ALEXEI DRUZHININ / SPUTNIK / KREMLIN / POOL

Goldman Sachs “Hunger Bonds” is the fuel that the regime of Nicolás Maduro needed in Venezuela

 06/01/2017 - 12:42
A person holds a poster that read “Goldman Sachs sucks”, during a demonstration against US investment firm Goldman Sachs in rejection of the alleged purchase of $ 2.8 billion in bonds from the Central Bank of Venezuela in New York, United States on May 30, 2017. EFE/Andrew Gombert

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.

English
Posted Date: 
Thursday, June 1, 2017 - 12:15pm
Main Section: 
Author: 
Caption: 

A person holds a poster that read “Goldman Sachs sucks”, during a demonstration against US investment firm Goldman Sachs in rejection of the alleged purchase of $ 2.8 billion in bonds from the Central Bank of Venezuela in New York, United States on May 30, 2017. EFE/Andrew Gombert