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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

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.

Thursday, June 29, 2017 - 3:30am
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. 

Friday, May 19, 2017 - 5:15am
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.

Friday, May 19, 2017 - 5:15am
Plain Text Author: 
EFE
Author: 

Obama urges political courage to save health bill

 05/08/2017 - 05:35
Former US President Barack Obama speaks after being presented the 2017 John F. Kennedy Profile In Courage Award at the John F. Kennedy Library in Boston, Massachusetts, USA, 07 May 2017. EPA/CJ GUNTHER

The Affordable Care Act (ACA) approved by Obama in 2010, was, despite its failures, his greatest national political achievement which provided health insurance to tens of millions of people and saved as many millions of families who almost fell into bankruptcy because one of their family members were sick.

Monday, May 8, 2017 - 5:30am
Plain Text Author: 
EFE

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