recession

Despite the unjust deportations they face today, this town supported Trump

 05/17/2017 - 14:42
Armando Páez interviewed by The Chicago Tribune, May 11, 2017. Source: http://www.chicagotribune.com/

The residents of Elkhart (Indiana) valued Trump's political speech, considering the serious unemployment they faced. Now, they have decided to react against the deportation of an illegal immigrant.

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Wednesday, May 17, 2017 - 1:45pm
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Armando Páez interviewed by The Chicago Tribune, May 11, 2017. Source: http://www.chicagotribune.com/

Puerto Rico government bank reaches deal with some creditors

 05/16/2017 - 04:55
 Gov. Ricardo Rosselló, speaking in San Juan, Puerto Rico on May 15, 2017. EFE/Puerto Rico's Governors Office

Puerto Rico's Government Development Bank (GDB) reached a debt-restructuring agreement with a "significant group" of creditors,  avoiding a protracted bankruptcy.

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Posted Date: 
Tuesday, May 16, 2017 - 4:45am
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EFE
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 Gov. Ricardo Rosselló, speaking in San Juan, Puerto Rico on May 15, 2017. EFE/Puerto Rico's Governors Office

Puerto Rico files for bankruptcy

 05/04/2017 - 06:20
Puerto Rico Gov. Ricardo Rossello Nevares (L), next to representative to the Fiscal Oversight Boar (JSF), Elias Sanchez (R), during a press conference at La Fortaleza Governor residence, in San Juan, Puerto Rico, May 3, 2017. EFE/Thais LLorca

 Puerto Rico on Wednesday sought relief under a law enacted to help the United States commonwealth restructure its massive debt load, paving the way for what could be the largest-ever bankruptcy case involving a US local government entity.

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Posted Date: 
Thursday, May 4, 2017 - 6:15am
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EFE
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Puerto Rico Gov. Ricardo Rossello Nevares (L), next to representative to the Fiscal Oversight Boar (JSF), Elias Sanchez (R), during a press conference at La Fortaleza Governor residence, in San Juan, Puerto Rico, May 3, 2017. EFE/Thais LLorca

[OP-ED]: Why taxes will go up

 05/01/2017 - 11:15
Treasury Secretary Steven Mnuchin and top White House economic adviser Gary Cohn at a press conference on US tax cuts promised by US President Donald Trump , At the White House in Washington, USA. EFE
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 Let’s be clear: America is an undertaxed society. Our wants and needs from government -- the two blur -- exceed our willingness to be taxed.

Posted Date: 
Monday, May 1, 2017 - 11:00am
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Robert J. Samuelson
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Treasury Secretary Steven Mnuchin and top White House economic adviser Gary Cohn at a press conference on US tax cuts promised by US President Donald Trump , At the White House in Washington, USA. EFE

[OP-ED]: The bumpy road to adulthood

 04/27/2017 - 14:43
The Great Recession’s high unemployment surely drove many young people back to their parents. The actual number of 18- to 34-year-olds living at home totaled 24 million in 2015. Two-thirds say they’re happy with their home life. The fact that more Americans go to college and graduate school than in the past has also delayed marriage, living independently and having children.
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Growing up isn’t what it used to be. There’s a yawning gap between the end of adolescence and the beginning of adulthood: a period when millions of 20-somethings and 30-somethings have many adult freedoms without all the responsibilities. Social scientists have tried -- so far in vain -- to name this new life-stage, but no one should question its significance.

Posted Date: 
Thursday, April 27, 2017 - 10:00am
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Plain Text Author: 
Robert J. Samuelson
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The Great Recession’s high unemployment surely drove many young people back to their parents. The actual number of 18- to 34-year-olds living at home totaled 24 million in 2015. Two-thirds say they’re happy with their home life. The fact that more Americans go to college and graduate school than in the past has also delayed marriage, living independently and having children.

[OP-ED]: Who loves free trade? We do -- sometimes

 04/21/2017 - 08:16
Outgoing Governor of the Bank of Mexico, Agustin Carstens (i), along with Brookings Institute of Economic Studies expert David Wessel (d) speak at a conference organized by the Brookings Institution in Washington, DC. Carstens said today that the renegotiation of the North American Free Trade Agreement (NAFTA) requested by the US Can offer a win-win situation for all member countries. EFE
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Everyone “knows” that Americans have soured on free trade and globalization, as President Trump keeps saying. 

Posted Date: 
Friday, April 21, 2017 - 8:00am
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Plain Text Author: 
Robert J. Samuelson
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Outgoing Governor of the Bank of Mexico, Agustin Carstens (i), along with Brookings Institute of Economic Studies expert David Wessel (d) speak at a conference organized by the Brookings Institution in Washington, DC. Carstens said today that the renegotiation of the North American Free Trade Agreement (NAFTA) requested by the US Can offer a win-win situation for all member countries. EFE

Protests in Venezuela: two dead, at least 57 injured and over 400 arrested

 04/20/2017 - 04:52
A demonstrator holds a Molotov cocktail during clashes with police during protests in Caracas, Venezuela, 19 April 2017. EPA/MIGUEL GUTIERREZ

[OP-ED]:Taxes -- the great uniter?

 04/11/2017 - 13:05
Around four in five Americans ... see taxpaying as a moral responsibility and tax evasion as morally wrong
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 As Tax Day -- April 18 this year -- approaches, we are confronted once again with the apparently enduring reality that Americans hate to pay taxes. 

Posted Date: 
Tuesday, April 11, 2017 - 12:30pm
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Plain Text Author: 
Robert J. Samuelson
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Around four in five Americans ... see taxpaying as a moral responsibility and tax evasion as morally wrong