The immediate focus of the new Fed president will be on how to sustain the economic recovery without low interest rates fueling inflation or financial speculation.
El foco inmediato del nuevo presidente de la Fed será cómo sostener la recuperación económica sin que las tasas de interés bajas alimenten la inflación o la especulación financiera.
In keeping with the recent meme of recognizing bad behavior “on many sides,” there was something that was painfully obvious during last week’s improv news-conference-like-no-other in the lobby of Trump Tower: President Trump and the media deserve each other. Both are driven by ego and take criticism personally. Both will twist the facts to defend themselves and push their agenda. And both love to wrestle in the mud.
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.
Janet Yellen, presidenta de la Reserva Federal, está entre Donald Trump y la pared. Según la mayoría de las versiones, Trump se inclina por el “dinero fácil” y prefiere mantener las tasas de interés bajas de la actualidad para fomentar la creación de puestos de trabajo.
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.
Ésta no es una inflación habitual—lo que es una buena noticia. Los ciclos económicos a menudo se acaban cuando, debido a una inflación elevada, el banco central de un país (la Reserva Federal en Estados Unidos) eleva las tasas de interés, ralentizando la economía y, quizás, desencadenando una recesión. La buena noticia es que la próxima recesión quizás se retrase, porque la Curva Phillips se modificó.
Antonio Battaglia decided to roll out a new kind of toilet paper under the slogan “Suavidad sin fronteras”, "Smoothness without Borders", to rise public consciousness toward the situation of illegal immigrants in the US.
The story of education in lower income neighborhoods is an all too familiar one. The struggle to obtain a stable education is a story of overcoming conditions that are less than favorable, much like the swamp plant. What is causing these students, especially Latinos, to fall behind? How can they grow from these meager and impoverished conditions?
Last year at this time, Donald Trump loomed over a taco bowl at Trump Tower and tweeted out the message: “Happy #CincoDeMayo! The best taco bowls are made in Trump Tower Grill. I love Hispanics!”
The Hispanic immigrant community has played a fundamental role in the growth of the city in the last decade. In the streets it is more and more common to hear conversations held in Spanish. However, it seems that this important trend is not reflected in universities. Why? A general crisis in the study of the humanities would be the answer. AL DÍA News spoke with professors from three of the most prominent universities in the city.
Climate change is making floods more common and as the New Jersey resort braces for the next Sandy, the well-heeled Florida city is throwing money at the problem, reported The Guardian.
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.
Hacia fines de 1942, Winston Churchill, al anunciar una inusitada victoria sobre el ejército alemán, pronunció una de sus frases más memorables: “Éste no es el final. Ni siquiera es el comienzo del final. Pero quizás sea el fin del comienzo.” Lo mismo podría decirse hoy sobre la recuperación económica norteamericana. El progreso, aunque real, es incompleto.
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.”
Usted siempre lo supo: los economistas no pueden dar ningún pronóstico. Y ahora tenemos un estudio académico que lo confirma. Aún mejor, la corroboración proviene de una fuente impecable: la Reserva Federal.
El estudio comparó predicciones de indicadores económicos importantes—desempleo, inflación, tasas de interés, producto bruto interno—con los resultados reales. Hubo errores por todos lados. El estudio llegó a la conclusión de que “una considerable incertidumbre rodea a todas las proyecciones macroeconómicas.”
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.
Ahora viene Timothy Geithner, secretario del Tesoro entre 2009 y 2013, para decirnos que mucho de lo que “sabemos” sobre Dodd-Frank--la respuesta del Congreso a la crisis financiera 2008-9--es incorrecto. Es una revisión oportuna, porque el gobierno de Trump promete reorganizar la ley. El título del ensayo de Geithner, publicado en el número actual de Foreign Affairs, es simple: “Are We Safe Yet?” La respuesta no es tan simple.
Community advocate and award-winning filmmaker Gilberto Gonzalez documents the story of a little-known Latino gang in Spring Garden, the “20G”, as they protected their neighborhood from outside threats.
The exhibit honors the stories of unaccompanied immigrant youth, families, and young adults who fled their homes in Central America.
No matter which way the Supreme Court decides, immigration has become one of those explosive issues, like civil rights, that has overflowed the bounds of normal politics, and has come to represent a fundamental battle over the nature and future of American society.
It's Money Smart Week in Chicago, that annual event sponsored by the Federal Reserve Bank of Chicago, and -- if nothing else -- the city is accented with portraits of a robust Benjamin Franklin winking knowingly from the center of a $100 bill.
I remember my first Tea Party invitation. The "hosts" were a group ofloosely federated regional anti-illegal immigration groups, the occasion
was Tax Day, and the call to action was to "protest to demand the end
of taxation without representation."
The particular bone ofcontention was Gov. Quinn's then-proposed tax increase, described
thusly: "Governor Quinn says he must raise your income tax because he
doesn't have enough money to pay for all the social welfare benefits
demanded by the illegal alien invaders."