Brazil's government on Thursday upwardly revised its economic growth forecasts for this year and next, saying it projects the nation"s gross domestic product (GDP) will increase by 1.1 percent in 2017 and 3 percent in 2018.
After years of corruption and social instability, Latin America is facing an electoral period that could change the political and economic landscape of the continent.
Among the persons that provided poignant testimonials on positive benefits from DACA during the recent ceremony in Philadelphia’s City Hall commemorating the fifth anniversary of that fair-minded initiative instituted by former President Obama were two persons from countries that few ever connect with the controversy around undocumented immigrants in the United States.
A persisting puzzle about the U.S. economy is how it can seem both strong and weak. On the one hand, it remains a citadel of innovation, producing new companies like Uber. On the other, the economy is expanding at a snail’s pace of 2 percent annually since 2010. How could both be true? Why isn’t innovation translating into faster growth? The answer -- or part of the answer -- is that American businesses are running on two separate tracks. Call them the “youthful” and “middle-aged” tracks.
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.
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?
Interview with Colombian President Juan Manuel Santos days before the visit of Vicepresident Mike Pence to the country
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.
President Donald Trump announced today his support for a bill that would halve legal immigration to the country over the next decade and eliminate the annual international contest for which the US government raises residence permits.
Janet Yellen, the chair of the Federal Reserve, is caught between Donald Trump and a hard place. By most accounts, Trump is an “easy money” guy who would prefer to keep today’s low interest rates to boost job creation.
In London last week, I met a Nigerian man who succinctly expressed the reaction of much of the world to America these days. “Your country has gone crazy,” he said, with a mixture of outrage and amusement. “I’m from Africa. I know crazy, but I didn’t ever think I would see this in America!”
Who better than a General to achieve it?
South Florida domestic activists gathered in front of an Immigration building to clothe undocumented Honduran Reyna Gomez, facing the possibility that she was the victim of one of the so-called "silent raids," which did not happen.
News headlines are screaming about how fearful Latinos are due to moves the Trump administration is making toward stepping up deportations. These are valid concerns for many Hispanics, a majority of whom have acquaintances or family members who could be at risk.
Pennsylvania Senator Bob Casey analyzed the effects that an eventual Republican-driven health counter-reform would have on the lives of millions of Americans.
The health reform in the Senate had not yet fallen when the Republican bench in the House of Representatives presented its fiscal proposal, a project that also divides the GOP.
The International Monetary Fund estimates that Latin America and the Caribbean will grow 1 percent in 2017 and 1.9 percent in 2018, further deterioration of conditions in Venezuela.
Perhaps if we explain to the president the 140 million dollars that the dreamers contribute annually to the coffers of the state, he will keep DACA intact.
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.
The United States has made clear its position for a renegotiation of the North American Free Trade Agreement, trying to prevent a foreign exchange manipulation.
Don’t worry, the robots won’t destroy all our jobs. History suggests just the opposite -- that new technologies inspire new jobs. So concludes a study from leading labor economists. It’s a useful antidote to widespread fears that robots and “artificial intelligence” will displace millions of workers and lead to permanently high joblessness.
Donald Trump’s foreign policy, such as it is, rests on a massive and apparently indestructible contradiction. Trump wants the United States to remain the “essential” nation, the best embodiment of Western ideals of freedom and democracy, while at the same time deliberately alienating many of our traditional “allies,” whose support the United States desperately needs. American leadership becomes difficult, if not impossible.
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.
Do we have a worker shortage? Maybe.
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.