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[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.

Chile aprueba nueva ley para despenalizar el aborto.

 08/03/2017 - 06:48
Demonstrators participate in a march in order to commemorate the International Women's Day in Santiago de Chile, Chile, 08 March 2016, where they asked for the end of discrimination and the decriminalization of abortion. The text reads ' I can choose'. EPA/MARIO RUIZ

Bajo el liderazgo de la presidenta Michelle Bachelet, el Congreso aprobó un proyecto "histórico" para legalizar el aborto en caso de malformación fetal, peligro para la vida de la madre o embarazo por violación. Hasta hoy, Chile era uno de los pocos países del mundo donde el aborto está prohibido bajo cualquier circunstancia. 

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EFE

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]: Postponing the next recession?

 06/30/2017 - 08:37
Economists from the Bank for International Settlements (BIS) in Basel, Switzerland -- a bank for government central banks -- find that the pass-through from wage increases to price increases has weakened. If this is confirmed and continues, it implies that inflation will remain tame for some time even if the economy continues to grow. EFE

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.

[OP-ED]: Cleaning The ‘Heroin Hell’ Will Not Create Heaven In Surrounding Communities

 06/26/2017 - 10:41
'Bedroom' for a man in Philadelphia's West Kensington community where festering structural impoverishment sparks social ills like rampant drug sales. LBW Photo

The recent announcement that City Hall and Conrail cut a deal to cleanup the notorious heroin corridor along a section of railroad track running through Philadelphia’s Fairhill and West Kensington communities is welcomed removal of a dangerous blight that’s festered for nearly two decades.

[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.

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.”