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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.

Trump meets with victims of crimes by undocumented immigrants

 06/29/2017 - 03:38
US President Donald J. Trump (C) listens as he meets with immigration crime victims to urge passage of House legislation to save American lives, in the Cabinet Room at the White House, Washington, DC, USA, 28 June 2017. EPA/Molly Riley / POOL

On Thursday the House of Representatives is scheduled to hold two "crucial votes" on immigration and national security bills, both sponsored by Republican Congressmen Bob Goodlatte of Virginia. One of the bills, dubbed Kate's Law, is designed to increase the penalties for immigrants convicted of certain crimes who, after being deported, have returned to the US illegally.

Plain Text Author: 
EFE

Santos tras su encuentro con Trump: "Nosotros no construimos muros"

 05/19/2017 - 08:26
US President Donald J. Trump (R) shakes hands with President of Colombia Juan Manuel Santos (L) during a joint news conference in the East Room of the White House in Washington, DC, USA, 18 May 2017. EPA/MICHAEL REYNOLDS

El presidente de EEUU Donald Trump dio el jueves la bienvenida a su homólogo colombiano, Juan Manuel Santos, de visita oficial en el país. Los líderes expresaron más interés en temas como la erradicación del problema de la cocaína, la lucha contra el tráfico de drogas y la crisis en Venezuela, que en el proceso de Paz en Colombia. 

Plain Text Author: 
EFE

USA-Colombia: Trump focuses on anti-drug fight, asks Santos for help to end Venezuela political crisis

 05/19/2017 - 05:46
US President Donald J. Trump (R) shakes hands with President of Colombia Juan Manuel Santos (L) during a joint news conference in the East Room of the White House in Washington, DC, USA, 18 May 2017. EPA/MICHAEL REYNOLDS

US President Donald Trump welcomed his Colombian counterpart, Juan Manuel Santos, to the White House on Thursday, appearing to express more interest in coca eradication, the anti-drug fight and the humanitarian crisis in Venezuela than in the Colombian peace agreement.

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EFE
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"A Story to Tell": Flynn ready to testify in exchange for immunity

 03/31/2017 - 03:53
Michael Flynn, then National Security Advisor to U.S. President Donald J. Trump, at a press conference with Japanese Prime Minister Shinzo Abe in the East Room of the White House in Washington, DC, USA, 10 February 2017. EPA/JIM LO SCALZO

Former US National Security Adviser Michael Flynn is ready to testify, in exchange for immunity, before the FBI and members of Congress investigating possible links between Russia and the election campaign team of President Donald Trump, The Wall Street Journal reported Thursday.

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[OP-ED]: Don’t stiff the State Department

 03/07/2017 - 14:52
Trump says he has full confidence in Sessions US President Donald J. Trump (C), along with Secretary of Defense James Mattis (R) and Navy personnel, rides an elevator to the flight deck of the Gerald R. Ford aircraft carrier after speaking to sailors in Newport News, Virginia, USA. EFE

The first time I met Gen. David Petraeus, he said something that surprised me. It was the early days of the Iraq War and, while things were not going well, he had directed his region in the north skillfully and effectively. I asked him whether he wished he had more troops. Petraeus was too politically savvy to criticize the Donald Rumsfeld “light footprint” strategy, so he deflected the question, answering it a different way. “I wish we had more Foreign Service officers, aid professionals and other kinds of non-military specialists,” he said.

Plain Text Author: 
Fareed Zakaria

[OP-ED]: Two cheers for a carbon tax

 02/19/2017 - 20:55

Fossil fuels now supply four-fifths of the world’s energy, a share that has dropped only slightly since 1990. To stabilize CO2 concentrations, we must essentially stop burning fossil fuels. How is this to happen? Supporters of a carbon tax hope that the market mechanism -- higher prices for fossil fuels -- will unleash a torrent of innovation: safer nuclear, less costly solar, better batteries. This is a leap of faith. Higher prices do not guarantee technological breakthroughs.
 

By all means, let’s have a carbon tax. It’s the best way to deal with global climate change. It would require Republicans and Democrats to compromise -- a good thing -- and would provide revenues for a government that desperately needs more revenue. Fine. But let’s not pretend that a carbon tax is a panacea for either climate change or too much debt.

Plain Text Author: 
Robert J. Samuelson