economy

Donald Trump to stick with free trade pact with Mexico and Canada – for now

 04/27/2017 - 04:41
US Republican presidential candidate Donald Trump (R) speaks during a press conference with President of Mexico Enrique Pena Nieto (L) in Los Pinos, Mexico City, Mexico, 31 August 2016. EPA/JORGE NUNEZ

The President of the United States Wednesday agreed with his Mexican counterpart and Canadian Prime Minister to immediately begin renegotiations on the North American Free Trade Agreement and not terminate it.

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Thursday, April 27, 2017 - 4:30am
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US Republican presidential candidate Donald Trump (R) speaks during a press conference with President of Mexico Enrique Pena Nieto (L) in Los Pinos, Mexico City, Mexico, 31 August 2016. EPA/JORGE NUNEZ

Trump administration announced a tax reform that means: "cut taxes for the rich"

 04/27/2017 - 03:35
US Treasury Secretary Steven Mnuchin (R) and National Economic Director Gary Cohn (L) participate in a news conference to discuss the tax reform plan of US President Donald J. Trump, in the James Brady Press Briefing Room at the White House in Washington, DC, USA, 26 April 2017. EPA/MICHAEL REYNOLDS

Treasury Secretary Steven Mnuchin on Wednesday outlined President Donald Trump"s tax overhaul plan, which calls for slashing the corporate tax rate from 35 percent to 15 percent. Critics immediately called it “basically a huge tax cut for the rich”.

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Thursday, April 27, 2017 - 3:15am
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US Treasury Secretary Steven Mnuchin (R) and National Economic Director Gary Cohn (L) participate in a news conference to discuss the tax reform plan of US President Donald J. Trump, in the James Brady Press Briefing Room at the White House in Washington, DC, USA, 26 April 2017. EPA/MICHAEL REYNOLDS

[OP-ED]: America the complacent

 04/26/2017 - 10:54
In his new book, “The Complacent Class: The Self-Defeating Quest for the American Dream,” Cowen argues that we’ve overcorrected and gone too far toward trying to create perfect, insulated “bubble worlds” for ourselves and our kids. And now we’re afraid to change anything, lest we burst the bubble. 
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The headline grabbed my attention: “Americans have become lazy and it’s hurting the economy.” 

Lazy? Now there’s a four-letter word you rarely hear Americans use to describe themselves.

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Wednesday, April 26, 2017 - 10:45am
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In his new book, “The Complacent Class: The Self-Defeating Quest for the American Dream,” Cowen argues that we’ve overcorrected and gone too far toward trying to create perfect, insulated “bubble worlds” for ourselves and our kids. And now we’re afraid to change anything, lest we burst the bubble. 

This is what's going to happen in Philly on May Day

 04/26/2017 - 10:25
El pasado 16 de febrero, cerca de 32 restaurantes cerraron sus puertas en muestra de solidaridad con la comunidad inmigrante de Filadelfia. Foto: Archivo AL DÍA News.
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What is the value of black and brown bodies to the city of Philadelphia? Local groups in the city hope to show just that on May 1st.

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Tuesday, April 25, 2017 - 5:45pm
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On February 16, 32 restaurants closed their doors to show their support to immigrant communities in Philadelphia.  Photo: AL DÍA News.

[OP-ED]: Trump’s stock boom -- illusion or reality?

 04/25/2017 - 10:10
Stock valuations are tricky. With hindsight, the market can stay above or below levels reflecting economic fundamentals for long stretches. Whatever the case today, stocks are nowhere near the absurd heights of the “tech bubble” at the turn of the century. EFE
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The last thing President Trump now needs is for the stock market to go south on him. After all, he’s got worries aplenty: abroad, North Korea, Syria, Russia and Brexit; at home, the stalled effort to repeal Obamacare; and uncertainty surrounding “tax reform.” Compared with this tapestry of troubles, the stock market has been a splendid blessing.

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Tuesday, April 25, 2017 - 8:30am
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Robert J. Samuelson
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Stock valuations are tricky. With hindsight, the market can stay above or below levels reflecting economic fundamentals for long stretches. Whatever the case today, stocks are nowhere near the absurd heights of the “tech bubble” at the turn of the century. EFE

[OP-ED]: On North Korea: Bluster in search of strategy

 04/24/2017 - 10:32
A U-2 high-altitude reconnaissance plane landed at the US air base in Osan, south of Seoul (South Korea) after completing a mission on the eve of the anniversary of the founding of the North Korean Army. Concern over the possibility of North Korea holding a sixth nuclear test on the occasion of the anniversary is growing. EFE
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Every American administration takes a while to settle into a basic approach to the world. President Trump’s team has had a rockier start than most, with many important positions in every key agency still unfilled.

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Monday, April 24, 2017 - 10:15am
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Fareed Zakaria
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A U-2 high-altitude reconnaissance plane landed at the US air base in Osan, south of Seoul (South Korea) after completing a mission on the eve of the anniversary of the founding of the North Korean Army. Concern over the possibility of North Korea holding a sixth nuclear test on the occasion of the anniversary is growing. EFE

Face to Face: French Voters Choose Centrist and Far-Right Candidates for Presidency

 04/24/2017 - 02:17
French presidential election candidate for the 'En Marche!' (Onwards!) political movement, Emmanuel Macron celebrates after the first round of the French presidential elections in Paris, France, 23 April 2017. EPA/YOAN VALAT

Emmanuel Macron (Center) and Marine Le Pen (far right) advanced to the runoff in France’s presidential elections on May 7. After the UK’s vote to leave the European Union and the US vote for the political novice Donald Trump as president, the French presidential race is the latest election to shake up establishment politics by kicking out the figures that stood for the status quo. 

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Monday, April 24, 2017 - 2:00am
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French presidential election candidate for the 'En Marche!' (Onwards!) political movement, Emmanuel Macron celebrates after the first round of the French presidential elections in Paris, France, 23 April 2017. EPA/YOAN VALAT

Presidential Elections in France: En Marche!

 04/23/2017 - 17:43
French presidential election candidate for the 'En Marche!' (Onwards!) political movement, Emmanuel Macron celebrates after the first round of the French presidential elections in Paris, France, 23 April 2017. EFE/EPA/YOAN VALAT
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As a result of the first round of French presidential elections, Emmanuel Macron (center) and Marine Le Pen (far right) are the French people's favorite candidates.

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Sunday, April 23, 2017 - 5:30pm
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French presidential election candidate for the 'En Marche!' (Onwards!) political movement, Emmanuel Macron celebrates after the first round of the French presidential elections in Paris, France, 23 April 2017. EFE/EPA/YOAN VALAT

[OP-ED]: Who loves free trade? We do -- sometimes

 04/21/2017 - 08:16
Outgoing Governor of the Bank of Mexico, Agustin Carstens (i), along with Brookings Institute of Economic Studies expert David Wessel (d) speak at a conference organized by the Brookings Institution in Washington, DC. Carstens said today that the renegotiation of the North American Free Trade Agreement (NAFTA) requested by the US Can offer a win-win situation for all member countries. EFE
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Everyone “knows” that Americans have soured on free trade and globalization, as President Trump keeps saying. 

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Friday, April 21, 2017 - 8:00am
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Robert J. Samuelson
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Outgoing Governor of the Bank of Mexico, Agustin Carstens (i), along with Brookings Institute of Economic Studies expert David Wessel (d) speak at a conference organized by the Brookings Institution in Washington, DC. Carstens said today that the renegotiation of the North American Free Trade Agreement (NAFTA) requested by the US Can offer a win-win situation for all member countries. EFE

Can Feminism and the Far Right Meet?

 04/20/2017 - 04:00
Marine Le Pen during a political rally in Marseille, France, on April 19, 2017. EFE/Paul Durand
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How being a woman helped Marine Le Pen in the French presidential campaign

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Thursday, April 20, 2017 - 3:45am
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Marine Le Pen during a political rally in Marseille, France, on April 19, 2017. EFE/Paul Durand

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