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.