unemployment

[OP-ED]: Deficits forever?

 07/20/2017 - 12:15
The federal budget remains badly out of whack, even though we are near or at “full employment” (June unemployment rate: 4.4 percent). We cannot afford tax cuts; we need tax increases.

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.

Thursday, July 20, 2017 - 11:57am

[OP-ED]: Heroin Corridor Cleanup – Is City Hall Addicted to Exclusion?

 07/19/2017 - 10:54
The train-tracks in  the area between Kensington Av. and Fairhill is known as “El Campamento”. The City of Philadelphia and Conrail signed an agreement in June to clean and seal this place. The company’s deadline is schedule on to July 31st. File AL DÍA News

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.

Wednesday, July 19, 2017 - 8:45am

[OP-ED]: Why robots won’t steal all our jobs

 07/14/2017 - 08:43
En un mundo ideal, los robots realizarían la mayoría de los trabajos repetitivos y monótonos, mientras que la fuerza de trabajo mejor educada y mejor paga se concentraría en trabajos que no pueden ser realizados por máquinas. Archivo

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.

Friday, July 14, 2017 - 8:30am

[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

[OP-ED]: Cleaning The ‘Heroin Hell’ Will Not Create Heaven In Surrounding Communities

 06/26/2017 - 10:41
'Bedroom' for a man in Philadelphia's West Kensington community where festering structural impoverishment sparks social ills like rampant drug sales. LBW Photo

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.

Monday, June 26, 2017 - 10:30am

[OP-ED]: Pensar en el bien común, la razón fundamental para ayudar a los niños a que crezcan y den lo mejor de sí mismos

 06/19/2017 - 11:10
Alumnos de una escuela gestionada por la mezquita de Blikkiesdorp, un barrio de la periferia de Ciudad del Cabo, Sudáfrica. Linn Washington

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.

Monday, June 19, 2017 - 8:00am

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