Economy

Economy on aldianews.com

Mexico President Vows Never to Pay for Trump's Wall

 01/12/2017 - 03:00
 Mexico’s president Enrique Pena Nieto addresses the diplomatic corps in Mexico City on Wednesday. EFE/Mario Guzmán
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President-Elect Donald Trump repeatedly stated during his campaign that the U.S. was going to build a border wall and that Mexico would pay.

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Thursday, January 12, 2017 - 2:49am
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 Mexico’s president Enrique Pena Nieto addresses the diplomatic corps in Mexico City on Wednesday. EFE/Mario Guzmán

Blacks and Hispanics face extra challenges in getting home loans

 01/10/2017 - 17:51
Commons/Wikimedia
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High-cost lenders are targeting these communities, preventing them from building wealth to pass on to their children.

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Tuesday, January 10, 2017 - 5:17pm
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Commons/Wikimedia

Artisanal Charcoal to be the first Cuban Export to US in 50 years

 01/10/2017 - 11:04
Artisanal charcoal will be the first Cuban export to the U.S in more than 50 years. Containers waiting to be shipped at Mariel Special Economic Zone (ZEDM) in Artemisa (Cuba). Photo: EFE/Archive 
 
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A former U.S lawyer has made a deal with Cuban government to buy 40 tons of charcoal from cooperative farms, which will be the first export llegally allowed after Obama eased trade embargo

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Tuesday, January 10, 2017 - 10:48am
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Artisanal charcoal will be the first Cuban export to the U.S in more than 50 years. Containers waiting to be shipped at Mariel Special Economic Zone (ZEDM) in Artemisa (Cuba). Photo: EFE/Archive
 

 

"Gasolinazo" Protests Reval General Discontent in Mexico

 01/10/2017 - 05:06
EFE/Mario Guzmán
English

Angry gasolinazo protests over the 20% hike in state-set fuel prices are the symptom of a tense dissatisfaction with politics, corruption and the economy, reports The Guardian.

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Tuesday, January 10, 2017 - 4:48am
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EFE/Mario Guzmán

Venezuela's Maduro Hikes Minimum Wage for Fifth Time in a Year

 01/09/2017 - 04:13
Venezuelan Leader Nicolás Maduro ordered big boost to minimum wage. Photo:  EFE/MIRAFLORES
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Venezuelan Leader Nicolás Maduro ordered a 50% rise to minimum wage, but the increase is not enough to compensate the highest inflation rate in the world, reports El Mundo.

Posted Date: 
Monday, January 9, 2017 - 3:53am
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Venezuelan Leader Nicolás Maduro ordered big boost to minimum wage. Photo:  EFE/MIRAFLORES

Fiat to invest $1 billion in U.S plants after Trump's Threats

 01/09/2017 - 03:44
Mini @FiatUSA. Photo: Wikimedia/Commons
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Days after Trump threatened Ford and Toyota with taxing vehicles produced in Mexico, the U.S branch of Fiat-Chrysler (FCA) announced on Sunday that it would invest a total $1 billion in plants in Michigan and Ohio.

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Monday, January 9, 2017 - 3:20am
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Mini @FiatUSA. Photo: Wikimedia/Commons

Trump's Threat to Mexico auto industry

 01/09/2017 - 03:19
 Trump is threatening to disrupt the Mexican auto-industry. Photo: EFE/Pako Servín
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After a 20 year boom, the future of the Mexican Auto industry is suddenly uncertain after a week in which sector was thrown into disarray and thousands of jobs were threatened, reports The Guardian.

Posted Date: 
Monday, January 9, 2017 - 2:54am
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 Trump is threatening to disrupt the Mexican auto-industry. Photo: EFE/Pako Servín

Ford cancels plans for Mexico plant after Trump threatens to tax GM

 01/04/2017 - 05:11
General view of the Ford car plant in the city of Cuautitlan (Mexico). President-elect Donald Trump won his first major victory over the car industry today with Ford's announcing that it will cancel a $ 1.6 billion investment in Mexico on the same day President-elect threatened General Motors to tax vehicles imported from the Southern border. Photo: EFE / Mario Guzmán
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President-elect threatened to tax General Motors for importing cars from Mexico, prompting rival Ford to announce it won’t open planned assembling plant in the south of the border.

Posted Date: 
Wednesday, January 4, 2017 - 4:55am
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General view of the Ford car plant in the city of Cuautitlan (Mexico). President-elect Donald Trump won his first major victory over the car industry today with Ford's announcing that it will cancel a $ 1.6 billion investment in Mexico on the same day President-elect threatened General Motors to tax vehicles imported from the Southern border. Photo: EFE / Mario Guzmán

Highs and Lows: Strong Economic Growth, But Not For Everyone

 01/03/2017 - 04:48
In many ways, 2016 has been the strongest year, economically, since the mid-2000s, or even the late 1990s. Unemployment was low. Wages were increasing.But the recovery has been unequal. EFE/Mauritz Antin
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2016 stands to go down as one of the strongest years for the U.S. economically since the mid-2000s, witnessing both a drop in unemployment as well as a rise in wages and consumer confidence. But the ecovery has been characterized by yawning gaps between the rich, the middle, and the poor. It has also been characterized by yawning gaps between cities, the suburbs, and rural areas.

Posted Date: 
Tuesday, January 3, 2017 - 4:23am
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In many ways, 2016 has been the strongest year, economically, since the mid-2000s, or even the late 1990s. Unemployment was low. Wages were increasing.But the recovery has been unequal. EFE/Mauritz Antin

The Latino Drivers of Economic Growth

 12/29/2016 - 04:29
EFE/Felipe Chacón
English

Sol Trujillo published an OP-ED column in the Wall Street Journal to explain why is so wrong that Trump is on track to appoint the first cabinet in 28 years without a Hispanic.

Posted Date: 
Thursday, December 29, 2016 - 4:15am
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EFE/Felipe Chacón

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 In cities like Los Angeles, renters in white communities spend 50 percent of their income on rent — well above the recommended 30 percent, but still far less than renters in Hispanic neighborhoods, who pay a premium of 63 percent.
AL DIA News

Renters living in predominantly Hispanic or black neighborhoods have to spend more of their income on rent than those in white communities. Devoting nearly half of one’s income to rent each month makes economic mobility that much harder as well.