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[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.

Friday, June 30, 2017 - 8:15am

Good Times for Cuban Tobacco

 05/30/2017 - 03:16
A worker at a tobacco factory in Havana, Cuba. EFE/Alejandro Ernesto

Cuba will close out this season's harvest of tobacco, one of its main export crops, with almost 30,000 tons of leaf and for the 2017-2018 season. Tobacco is the fourth-largest contributor to Cuba's GDP and employs more than 200,000 people.

Tuesday, May 30, 2017 - 3:15am
Plain Text Author: 
EFE

OP-ED]: Trump is hurting America’s friends abroad

 05/10/2017 - 09:26
t is now quite possible -- in fact, likely -- that the next president of Mexico will be an anti-American socialist-populist similar to Venezuela’s Hugo Chavez. Andres Manuel Lopez Obrador was polling around 10 percent at the start of 2015. He is now around 30 percent, the front-runner among the potential candidates for next year’s election. File

There has been much focus on Donald Trump’s erratic foreign policy -- the outlandish positions, the many flip-flops, the mistakes. But far more damaging in the long run might be what some have termed the Trump effect -- the impact of Trump on the domestic politics of other countries. That effect appears to be powerful, negative and enduring. It could undermine decades of American foreign policy successes.

Wednesday, May 10, 2017 - 9:00am
Plain Text Author: 
Fareed Zakaria

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