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financial

[OP-ED]: Trump hits the debt ceiling

 08/16/2017 - 09:40
La pregunta fundamental que enfrenta Trump es si apoyará un aumento limpio del techo de deuda--es decir un aumento sin otras medidas de gastos, que probablemente sería aprobado fácilmente con apoyo demócrata--o si coqueteará con un incumplimiento para obtener alguna ventaja política o programática.

The crucial question about raising the federal debt ceiling is: What happens if Congress doesn’t? That is, what happens if Congress defaults? When President Trump returns from his “working vacation” later this month, this promises to be one of the major issues he’ll face, because the Treasury is expected to run out of cash in early or mid-October, according to projections by the Congressional Budget Office.

[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]: Neymar, the most expensive player in the history of soccer, is already focusing in Russia 2018

 08/11/2017 - 15:22
Brazilian striker Neymar Jr during his official presentation to the public as PSG player prior to the French Ligue 1 soccer match between Paris Saint-Germain (PSG) and Amiens SC at the Parc des Princes stadium in Paris, France. EFE

It is true no other country has won the World Cup more times than Brazil (5), but it is also true the South American powerhouse has not conquered the world of soccer since 2002.

Plain Text Author: 
Rafael Cervera

[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]: Hispanics’ sunny spirit is a reminder of what made America great

 07/31/2017 - 08:28
A group of people perform a vigil, in El Paso, Texas, in honor of the Guatemalan immigrants who died this week trying to cross the Rio Grande, also known as the Rio Bravo, which serves as the border between the United States and the United States. And MexicoEFE

 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.

[OP-ED]: Donald Trump’s lost opportunity

 07/26/2017 - 09:12
Donald Trump could have quickly begun reshaping American politics. He heard voices that others didn’t, understood what those people wanted to hear and articulated much of it. But when it came time to deliver, it turned out that he had no serious ideas, policies, nor even the desire to search for them. EFE

There are many ways to evaluate the Trump presidency at the six-month mark. What I am struck by is the path not taken, the lost opportunity. Donald Trump had many flaws, but during the campaign, he tapped into a real set of problems facing America and a deep frustration with the existing political system. Additionally, he embraced and expressed -- somewhat inconsistently -- a populism that went beyond the traditional left-right divide. What would things look like at this point if President Trump had governed in the manner of a pragmatic, jobs-oriented reformer who was relentlessly focused on the “forgotten” Americans of whom he often speaks?

[OP-ED]: Growing disgust with the ethos of college campuses does not mean a rejection of higher education

 07/18/2017 - 15:00
According to the National Student Clearinghouse, which tracks college enrollments, the number of students in colleges and universities has now dropped for five straight years, and this year 81,000 fewer high school graduates nationwide are heading to higher-education institutions. 

A recent survey on the public’s view of national institutions elicited headlines that suggested a tale of backwardness and ignorance. One example: “Majority of Republicans Think Higher Education is Bad for America.” 

The reality is more complex.

Próxima Parada: Innovación

 07/05/2017 - 14:12
SEPTA isn't stopping with the SEPTA Key, new changes to the system are coming as early as July.

Coherente con su misión desde los inicios de su carrera dentro de la compañía y con un gran conocimiento de la estructura básica y el funcionamiento de ésta, el director general de SEPTA, Jeffrey D. Knueppel, habló en exclusiva con AL DIA sobre la transformación de la empresa de transporte público de Filadelfia de cara a los retos del siglo XXI.

[OP-ED]: Mad at everyone

 07/03/2017 - 17:41
Not surprisingly, the system has become self-perpetuating. It feeds on mutual recriminations. On this July 4, the Founders -- who had deep disagreements, but compromised -- would doubtlessly disapprove.

This is the summer of our discontent. As Americans celebrate July 4, they are mad at their leaders, mad at their government and mad at each other. A recent Pew poll finds that “public trust in government remains near historic lows.” Just 20 percent of Americans trust the government to “do the right thing just about always or most of the time.” The comparable figures were 40 percent in 2000 and almost 80 percent in the early 1960s. There has been a long-term loss of trust.

[OP-ED]: ¿Conseguirá la Justicia asomarse a la oficina del Fiscal del Distrito tras la condena de Seth Williams?

 07/03/2017 - 10:58
Attorney Michael Coard speaks at April 2017 protest demanding the resignation of DA Seth Williams following Williams' federal corruption indictment. Philadelphia NAACP president Rodney Muhammad (yellow tie) joined others including Mumia Abu-Jamal activist Pam Africa (red tee shirt) and Greg Brinkley (far right) whose investigation ultimately freed a teen in the 911-dialing-dog false arrest. LBWPhoto.

El pomposo y vicioso fiscal se declara culpable de cargos de corrupción en el octavo día de un proceso penal federal sin precedentes. Las autoridades se llevan al fiscal en cuestión a prisión, enmanillado... Así transcurrió otro capítulo de la sórdida saga de Seth Williams, el ex fiscal de distrito (D.A.) de Filadelfia.

[OP-ED]: Will Justice Dawn In DA’s Office Following Conviction of DA Williams?

 07/03/2017 - 10:53
Attorney Michael Coard speaks at April 2017 protest demanding the resignation of DA Seth Williams following Williams' federal corruption indictment. Philadelphia NAACP president Rodney Muhammad (yellow tie) joined others including Mumia Abu-Jamal activist Pam Africa (red tee shirt) and Greg Brinkley (far right) whose investigation ultimately freed a teen in the 911-dialing-dog false arrest. LBWPhoto.

The pompous, pilfering prosecutor pleads guilty to corruption charges on the eighth day of his unprecedented federal criminal trial. Authorities haul this prosecutor off to prison in handcuffs…another segment in the sordid saga of Seth Williams – Philadelphia’s now former District Attorney.