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[OP-ED]: The curse of middle-aged capitalism -- for Trump and all of us

 08/21/2017 - 13:57
In 1995, the largest five firms by market “capitalization” (the value of a company’s shares) were old-line businesses: Exxon, AT&T, Coca Cola, General Electric and Merck. By 2015, only Exxon (now Exxon Mobil) remained.

 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.

Mexicans Protest Against NAFTA talks, as Their Government Fights to Save It

 08/17/2017 - 06:11
Civil organizations demonstrate to protest the start of NAFTA renegotiations, in the streets of Mexico City, Mexico, 16 August 2017. EPA/Jose Mendez

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.

Plain Text Author: 
Andrea Rodés/ EFE

37 die in clash between inmates, police at Venezuelan prison

 08/17/2017 - 04:56
Venezuelan authorities guard the Jose Gregorio Hernandez Hospital after an interior ministry team tried to take the prison by force that in Puerto Ayacucho, Venezuela, 16 August 2017. EPA/Pedro Zapata

 As part of an effort to curb prison violence, the leftist government has imposed a militarized administration in roughly half of Venezuela's penal institutions. US Vice President Mike Pence said Monday in Cartagena, Colombia, that Venezuela is a failed state that threatens the security and prosperity of the entire hemisphere.

Plain Text Author: 
EFE

Open Your Eyes: A South Philly Gallery Celebrates Latin American Art for Nearly 50 Years

 08/04/2017 - 15:53
One of the many multihued and adorned walls of Eye's Gallery. Photographed by Mónica Marie Zorrilla. 

If the cliché rings true and the eyes really are the window to the soul, then "Eye's Gallery" on 402 South Street has been the enchanting window to Latin American, Moroccan, and Indian folklore since 1968. The love child of Julia and her husband, the renowned "Magic Gardens" creator Isaiah, the gallery's origins are wondrous like its contents. 

[OP-ED]: Trump’s NAFTA delusion

 06/16/2017 - 08:41
El presidente mexicano, Enrique Peña Nieto agradeció la visita de la canciller alemana, Angela Merkel, en un "momento crucial" y destacó la visión compartida de ambos países en democracia, libre comercio, medio ambiente y derechos humanos. EFE

The Trump administration is determined to renegotiate the North American Free Trade Agreement (NAFTA) -- which created a single market from Mexico’s southern border to the Yukon -- but the main political appeal of this policy rests on a popular myth: that “fair” trade requires the United States to have a surplus or balanced trade with both Mexico and Canada.

Are you a Fintech entrepeneur in Latin America? Visa wants to help you

 06/07/2017 - 02:38
The Salvadoran Ruben Salazar, senior vice president of products, solutions and innovation for Visa in Latin America and the Caribbean, during am interview with EFE, in Miami, United States on Jun. 6, 2017. EFE/ANA MENGOTTI

Global investment in Fintechs amounts to more than $23 billion, but only $600 million have gone to to Latin America.Visa hopes that its "Everywhere Initiative" serves as a stimulus for creating emerging companies in the Latin American financial technology sector.

Plain Text Author: 
EFE

[OP-ED]: Globalization’s false sins

 05/17/2017 - 08:26
Las importaciones a menudo son más baratas que los productos norteamericanos, ayudan especialmente a las familias de bajos ingresos, cuyos presupuestos constan de más productos manufacturados, donde el descenso de los precios fue agudo.

Globalization has gotten a bad rap. The Trump White House associates it with all manner of economic evil, especially job loss. The administration has made undoing the damage a central part of its economic strategy. This will almost certainly fail and disappoint, because globalization’s ill-effects have been wildly exaggerated.

Plain Text Author: 
Robert J. Samuelson

[OP-ED]: Will robots dis-employ us all?

 05/11/2017 - 10:11
The robots won’t steal all our jobs, because their efficiencies will create more purchasing power for other spending or new products that require human involvement and oversight. For proof, consider smartphones. In 2012, they had created nearly 500,000 jobs for “mobile apps,” up from zero in 2007.

 We have yet another study that debunks the widespread notion that robots -- and other forms of automation, including “artificial intelligence” -- will destroy our jobs and lead to a future of permanently high unemployment. According to the study, that would completely rewrite history, which has shown job creation to be an enduring strength of the U.S. economy.

Plain Text Author: 
Robert J. Samuelson

[OP-ED]: What happens when you pay entrepreneurial teenagers $100,000 to not go to college?

 03/02/2017 - 15:06
Wall Street Journal reporter Alexandra Wolfe tells us how it all panned out for the first class of “Thiel Fellows” in her deliciously detailed book “Valley of the Gods: A Silicon Valley Story.”

In 2011, billionaire Peter Thiel made headlines when he announced that he would pay 20 teenagers $100,000 each to drop out or delay college and start businesses in biotechnology, finance, energy and education.

Thiel, the co-founder of PayPal, a venture capitalist and early investor in Facebook, wanted to underscore his belief that college costs too much, isn’t as intellectually rigorous as it once was, and leaves recent grads burdened with student loans that keep them from taking the entrepreneurial risks needed to spur the economy.

Plain Text Author: 
Esther Cepeda

[OP-ED]: Trump’s senseless war on Mexico

 02/03/2017 - 08:10
 
Photo courtesy of Mexican President Enrique Peña Nieto, who spoke during an event in Mexico City, Mexico, at the conclusion of the 33rd Ordinary General Assembly of the National Agricultural and Livestock Council. Peña Nieto remarked today that the country "doubles its commitment" to openness and free trade, despite opposing voices such as that of his counterpart Donald Trump and in the framework of the future renegotiation of the North American Free Trade Agreement ( NAFTA). EFE / Presidency of Mexico

”Mexico braces for a trade war with Washington,” headline in the Financial Times, Jan. 31, 2017.

Let’s hope not, because a trade war triggered by President Trump would be an act of pure economic aggression, unjustified either by the United States’ economic and political interests or by Mexico’s behavior. It would be the economic equivalent of Russia’s seizure of the Crimea, a raw exercise in bullying.

Plain Text Author: 
Robert J. Samuelson