Economy

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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.

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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.

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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.

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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.

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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
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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.

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

Factory Jobs Are Not Coming Back

 12/29/2016 - 03:04
Donald Trump promised to save thousands of U.S. factory jobs from being outsourced to China and Mexico, but the truth is he can't fight against automation. Photo: EFE/Ernesto Arias
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Donald Trump won a political victory when he convinced the CEO of Carrier’s parent company, United Technologies, to keep 800 jobs in Indiana, instead of relocating them to Mexico. The Atlantic reports about why Trump's efforts run counter to a broader global trend,as most factory jobs haven’t been outsourced, they’ve just disappeared thanks to automation.

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Thursday, December 29, 2016 - 2:53am
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Donald Trump promised to save thousands of U.S. factory jobs from being outsourced to China and Mexico, but the truth is he can't fight against automation. Photo: EFE/Ernesto Arias

"If you ask people how their lives are going, they point to income"

 12/23/2016 - 05:24
Nobel laureate Angus Deaton at a press conference at the Royal Swedish Academy of Sciences, on 7 December 2015. Photo: Holger Motzkau/Commons Wikimedia
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The Financial Times interviews Angus Deaton, winner of the Nobel Prize for economics in 2015. An optimistic defender of globalization, he believes Trump's success relies on his continuous references to income as he only means to happiness.

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Friday, December 23, 2016 - 4:58am
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Nobel laureate Angus Deaton at a press conference at the Royal Swedish Academy of Sciences, on 7 December 2015. Photo: Holger Motzkau/Commons Wikimedia

After the Explosions, Waiting in the Morgue

 12/22/2016 - 02:58
Mexican authorities confirmed up to 32 dead in the explosions at a fireworks market last Tuesday. 12 other people have disappeared. EFE/Alex Cruz.
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El País newspaper reports from the Morgue in Tlanepantla and talks with the relatives of the 32 people killed in the explosions at Tultepec.

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Thursday, December 22, 2016 - 2:42am
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Mexican authorities confirmed up to 32 dead in the explosions at a fireworks market last Tuesday. 12 other people have disappeared. EFE/Alex Cruz.

Court Rules Soda Tax Underway

 12/21/2016 - 05:44

Mayor Kenney's sweetened beverage or "Soda Tax"was ruled as legal in court on Monday.

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Wednesday, December 21, 2016 - 5:37am
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Mayor Kenney's sweetened beverage or "Soda Tax"was ruled as legal in court on Monday. Photo: Thinkstock Photos

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View of a Sears store in Burlington. EFE/Cj Gunther
By Andrea Rodés

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