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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