Economy on

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.

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.

Venezuela: chaos out of hand

 12/17/2016 - 20:16
Maracaibo (Venezuela), 12/17/2016.- A group of people protests downtown and near the Banco Central de Venezuela, today, saturday, December 17th 2016, in Maracaibo (Venezuela). Dozens of Venezuelans are protesting in states in the country's interior against the cash supply failures. EFE/HUMBERTO MATHEUS. 

The last five days have represented the total collapse of the Venezuelan economy. The President Nicolás Maduro seems to have taken the worst decisions through the Economic Emergency Decreed and the country is engulfed in absolute chaos.

On December 12th the President of the Bolivarian Republic of Venezuela, Nicolás Maduro, announced the annulment of the 100 Bolivar bill – the higher denomination and circulation banknote, according to the Venezuelan Central Bank.


Venezuela: se desborda el caos

 12/17/2016 - 20:09
Maracaibo (Venezuela), 17/12/2016.- Un grupo de personas protesta en el centro y las inmediaciones del Banco Central de Venezuela hoy, sábado 17 de diciembre del 2016, en la ciudad de Maracaibo (Venezuela). Decenas de venezolanos protestaron hoy en varios estados del interior del país por fallas en el suministro de dinero en efectivo. EFE/ HUMBERTO MATHEUS

Los últimos cinco días han representado el derrumbamiento total de la economía venezolana. El Presidente Nicolás Maduro pareciera haber tomado las peores decisiones a través del Decreto de Emergencia Económica y el país está sumido en el más absoluto de los caos.

El pasado 12 de Diciembre el Presidente de la República Bolivariana de Venezuela, Nicolás Maduro, anunció la anulación del billete de 100 Bolívares – el de mayor denominación y circulación en el país, de acuerdo al Banco Central de Venezuela.


Trump Meets with the Nation's Top Tech Executives

 12/15/2016 - 04:49

President-elect Donald Trump met with the nation’s tech elite to discuss future ways of collaboration between the White House and the tech industry.
The gathering included Jeff Bezos of Amazon; Elon Musk of Tesla; Timothy D. Cook of Apple; Sheryl Sandberg of Facebook; Larry Page and Eric Schmidt of Alphabet, Google’s parent company; and Satya Nadella of Microsoft, among others.

Extra Money

 12/14/2016 - 03:50

The most popular counter-argument against minimum wages advocates is that requiring higher pay will result in higher prices, fewer hours of work, and an overall reduction of jobs. But in 2014, 18 states and D.C. raised their minimum wages, and the results have been quite clearly positive for local economies, reports The Atlantic.

The Gold of the Poor

 12/13/2016 - 04:57

Almost all the prohibitions that are implanted in Cuba begin with a rumor. Now it is the turn of surgical steel, but not the one used in instruments in surgery rooms, but the one that is used to make jewels with the appearance of gold or silver. The first consequence has been the sharp fall in prices, the second, which is expected soon, to become clandestine.

Enchanted Boomerang

 12/12/2016 - 05:54

Trade with Mexico creates approximately 4.9 million jobs in the United States, according to a new research from the Wilson Center, a non partisan think tank in Washington DC. Despite what President-elect Trump says, that means that one out of 29 American jobs depends on preserving an economic relationship with the U.S.’s southern neighbor

Cultural Barricade

 12/08/2016 - 06:19

El Corazón Cultural Center - home of Latino arts and culture in the Philadelphia area -  celebrated on Wednesday that has expanded its facilities in El Barrio and claims to be the center of a resistance movement against intolerance against the Latino community.

Barricada Cultural

 12/08/2016 - 06:09

El centro puertorriqueño El Corazón Cultural del Barrio de Filadelfia (Pensilvania) inauguró hoy la ampliación de sus instalaciones para reivindicarse como movimiento de resistencia ante la intolerancia contra la comunidad latina, informa la agencia EFE.

La directora ejecutiva de Taller Puertorriqueño, Carmen Febo-San Miguel, también reivindicó el espacio en una entrevista con EFE como una "posición política" ante los ataques a las minorías, entre ellas los latina, surgidos recientemente en el país.

Rebellious Child

 12/08/2016 - 03:34

Amid Trump’s promises to save thousands of jobs of being outsourced to Mexico and China, Walmart has announced its intention to carry on an investment of 1,300 million dollars in Mexico. The biggest American supermarket chain forecasts to double its sales in Mexico for 2025.

The investment will bring 10,000 new jobs into the country, where Walmart already employs over 200,000 people.

Disrupting Burguers

 12/07/2016 - 03:48

Can Silicon Valley disrupt the fast-food industry? Well, for those entrepreneurs who dream to 'save the world', motivations are strong: reduce meat consumption and eliminate foods that have big environmental and social impacts, like processed food or heavy dependent on intensive agriculture.