The Fed has announced an aggressive plan to protect the U.S. economy, one even more aggressive than during the 2008 recession.
A persisting puzzle about the U.S. economy is how it can seem both strong and weak. On the one hand, it remains a citadel of innovation, producing new companies like Uber. On the other, the economy is expanding at a snail’s pace of 2 percent annually since 2010. How could both be true? Why isn’t innovation translating into faster growth? The answer -- or part of the answer -- is that American businesses are running on two separate tracks. Call them the “youthful” and “middle-aged” tracks.
Janet Yellen, the chair of the Federal Reserve, is caught between Donald Trump and a hard place. By most accounts, Trump is an “easy money” guy who would prefer to keep today’s low interest rates to boost job creation.
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 residents of Elkhart (Indiana) valued Trump's political speech, considering the serious unemployment they faced. Now, they have decided to react against the deportation of an illegal immigrant.
Puerto Rico's Government Development Bank (GDB) reached a debt-restructuring agreement with a "significant group" of creditors, avoiding a protracted bankruptcy.
Puerto Rico on Wednesday sought relief under a law enacted to help the United States commonwealth restructure its massive debt load, paving the way for what could be the largest-ever bankruptcy case involving a US local government entity.
Let’s be clear: America is an undertaxed society. Our wants and needs from government -- the two blur -- exceed our willingness to be taxed.
Growing up isn’t what it used to be. There’s a yawning gap between the end of adolescence and the beginning of adulthood: a period when millions of 20-somethings and 30-somethings have many adult freedoms without all the responsibilities. Social scientists have tried -- so far in vain -- to name this new life-stage, but no one should question its significance.
Everyone “knows” that Americans have soured on free trade and globalization, as President Trump keeps saying.
Deaths and injuries reported amid "mother of all marches". Protesters express their anger and frustration at an administration that has led the country with the planet’s biggest oil supplies into the world’s deepest economic recession.
As Tax Day -- April 18 this year -- approaches, we are confronted once again with the apparently enduring reality that Americans hate to pay taxes.
Toward the end of 1942, Winston Churchill, in announcing a rare victory over the German army, uttered one of his more memorable phrases: “This is not the end. It is not even the beginning of the end. But it is, perhaps, the end of the beginning.” The same might be said today of the American economic recovery. Progress, though real, is incomplete.
You knew it all along: Economists can’t forecast the economy worth a hoot. And now we have a scholarly study that confirms it. Better yet, the corroboration comes from an impeccable source: the Federal Reserve.
The study compared predictions of important economic indicators -- unemployment, inflation, interest rates, gross domestic product -- with the actual outcomes. There were widespread errors. The study concluded that “considerable uncertainty surrounds all macroeconomic projections.”
”We have met the enemy and he is us.”
- the comic-strip character Pogo by Walt Kelly, 1970
The same may be true of the economy. So says Tyler Cowen, author of the new book “The Complacent Class: The Self-Defeating Quest for the American Dream.”
Although we’ve recovered from the Great Recession, there are widespread fears that the economy will stagnate or grow only slowly. Government won’t be able to handle the next crisis, whether a war, financial meltdown or pandemic.
We live in an age of disbelief. Many of the ideas and institutions that have underpinned Americans’ thinking since the early years after World War II are besieged. There is an intellectual and political vacuum into which rush new figures (Donald Trump) and different ideas (America First). These new ideas and leaders may be no better than the ones they displace -- they may, in fact, be worse -- but they have the virtue of being new.
On Sunday, September 25th 2016, Leguizamo came to Philadelphia with the Campaign for Hillary for America, in which he frantically zig-zagged through four events across the city that celebrated hispanidad to promote voter registration and the official launch of IWillVote.com. But, before he got to The Puerto Rican Day Parade, Festival El Coqui, Boricuafest, and Pennsylvania Victory, he spoke with AL DÍA, bluntly effusing about his political interests and his experience as a Latino in Hollywood.
Where are the Puerto Rican doctors going?
The question of a Puerto Rican vote is a highlight of the 2016 election.
Chicago -- When the world seems to be shifting under your feet, sometimes it's hard to imagine that it'll settle in a good way. But two things happened last week that made me wonder whether I'm seeing some light at the end of the tunnel of gridlock that the nation has been crawling through.
Chancellor Angela Merkel declared the death of German multiculturalism at a conference of her political party, the Christian Democratic Union, last weekend. She said the very idea that guest workers who immigrated to Germany to fill a labor shortage during the 1960s could "live happily side by side" with native-born Germans was an illusion and suggested a hard line for those who refuse to assimilate.
It's that time of the year. The time of the year when the pressures of grades, final papers, home stresses and uncertainty about the future combine with youthful angst to create life-threatening hazardous conditions.
The time of year when my teacher and professor friends are happy the school year is almost over but lamenting the number of students in their classes who are missing finals because they've been hospitalized with stress-related ailments or full-blown depression.