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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

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.

Latin America against the 2017 Hurricane

 01/03/2017 - 04:22
Voters across Latin America  – like those in Colombia who turned against a peace deal, those in the UK who opted for Brexit, and those in the US who cast ballots for Trump – were evidently jaded and ready for change, however uncertain, reports The Guardian. Photo: EFE/RICARDO MALDONADO ROZO

The past 12 to 14 months have been a disaster for the Latin American left. The Guardian reports on how after dominating the region for the previous decade, the socialist left has receded and with it has gone much of the progressive idealism that led to poverty reduction, improved access to healthcare and education, and greater rights for indigenous groups.

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

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.