U.S. employment has risen for 92 consecutive months, the longest jobs-expansion streak on record.
The international markets have risen with the worst falls in recent years, and it is presumed that the cause is the fear of American political unrest.
Los mercados internacionales han amanecido con las peores bajas en los últimos años, y se presume que la causa es el temor ante el descontrol político estadounidense.
In the midst of the populist tirade in which the traditional speech of the State of the Union was transformed this year, Donald Trump declared specific issues that put any observer on alert.
En medio de la retahíla populista en la que se transformó el tradicional discurso del Estado de la Unión este año, Donald Trump declaró asuntos puntuales que ponen en alerta a cualquier observador.
La discusión entre el gobierno de Trump y sus críticos sobre una tasa de crecimiento económico sostenible suscita profundas preguntas sobre el futuro de Estados Unidos. ¿Ingresamos en un período prolongado de crecimiento económico lento? Si es así, ¿cómo altera eso la sociedad y la política? ¿O acaso las medidas “correctas” elevarán el crecimiento económico a niveles del pasado?
Interview with Colombian President Juan Manuel Santos days before the visit of Vicepresident Mike Pence to the country
The argument between the Trump administration and its critics over a sustainable rate of economic growth raises profound questions about America’s future. Have we entered a prolonged period of slow growth? If so, how does that alter society and politics? Or will the “right” policies raise growth to past levels?
If you haven’t paid attention, here’s a brief overview of the debate.
Janet Yellen, the chair of the Federal Reserve, is caught between Donald Trump and a hard place. By most accounts, Trump is an “easy money” guy who would prefer to keep today’s low interest rates to boost job creation.
Who better than a General to achieve it?
House Republicans, who are now deliberating the government’s 2018 budget, pledge to eliminate deficits within a decade. Well, good luck with that. It must be obvious that chronic deficits reflect a basic political impasse that can be broken only if majorities in Congress do things they’ve refused to do: trim Social Security benefits; raise taxes significantly; control health spending. There is a giant mismatch between what Americans want from government and what they’ll pay for with taxes.
Disappointment is how Louis Cruz described his reaction to the closed door he encountered when he sought work for his company on the project City Hall and Conrail proudly announced recently to cleanup a section of railroad tracks in West Kensington where a filthy heroin abuse corridor has festered for nearly twenty years.
Don’t worry, the robots won’t destroy all our jobs. History suggests just the opposite -- that new technologies inspire new jobs. So concludes a study from leading labor economists. It’s a useful antidote to widespread fears that robots and “artificial intelligence” will displace millions of workers and lead to permanently high joblessness.
What happens to immigrants who are deported and must start a life from scratch in their country of origin?
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.
Do we have a worker shortage? Maybe.
The recent announcement that City Hall and Conrail cut a deal to cleanup the notorious heroin corridor along a section of railroad track running through Philadelphia’s Fairhill and West Kensington communities is welcomed removal of a dangerous blight that’s festered for nearly two decades.
El pasado 16 de junio, Día de la Juventud, diversas protestas estallaron en varias ciudades de Sudáfrica. Dichas protestas sirvieron para recordar los orígenes de esta importante celebración anual para el país.
Protests punctuated the Youth Day celebration in South Africa on June 16.
¡Cuidado! Dos peligrosas epidemias están causando estragos en las filas de los colaboradores más cercanos del presidente Trump. Y no es un cuadro agradable.
Warning! Two dangerous epidemics are rapidly wreaking havoc on President Trump’s closest advisors – and it is not a pretty picture.
This week, Vladmir Putin, President of Russia, gave an interview with a pool of international journalists, in which he said that the policy of sanctions towards Cuba only worked to punish the Cubans, and that Obama was on the right path.
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.
Globalization has gotten a bad rap. The Trump White House associates it with all manner of economic evil, especially job loss. The administration has made undoing the damage a central part of its economic strategy. This will almost certainly fail and disappoint, because globalization’s ill-effects have been wildly exaggerated.
After his victory in the national elections, Emmanuel Macron was invested yesterday as the new president of France. His slogan was clear: the European Union must be relaunched.