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[OP-ED]: Postponing the next recession?

 06/30/2017 - 08:37
Economists from the Bank for International Settlements (BIS) in Basel, Switzerland -- a bank for government central banks -- find that the pass-through from wage increases to price increases has weakened. If this is confirmed and continues, it implies that inflation will remain tame for some time even if the economy continues to grow. EFE

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.

Global Cyberattack: What We Need to Worry About?

 06/28/2017 - 06:00
An engineer checks live cyber threat maps and statistics at his office in Istanbul, Turkey, 27 June 2017. EPA/ERDEM SAHIN

Most damaging acts of cyber aggression have not been 'acts of war' according to the rigid standards of international law. Thus governments and international organisations struggle to prescribe an effective response to cyber actions -- even as they continue to cause grave economic, social, and political harm, Oxford expert says.  

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US-India: Trump and Modi pledge cooperation, avoid tensions on immigration

 06/27/2017 - 06:57
US President Donald J. Trump (R), with Indian Prime Minister Narendra Modi (L), delivers remarks during a ceremony in the Rose Garden of the White House in Washington, DC, USA, 26 June 2017. EPA/SHAWN THEW

In their first official meeting, the President of the United States and the Indian Prime Minister talked about trade and defense cooperation, terrorism, but avoided immigration and climate change, issues in which both leaders differ. India is the country most affected by Trump's decision to tighten controls on granting the H-1B visa, which benefits foreign workers.

 

Plain Text Author: 
EFE

No papers, no scholarship: Latino budding scientist becomes food truck chef

 06/20/2017 - 06:39
Dreamer Lorenzo Santillan in Phoenix, Arizona, United States. EFE/Beatriz Limon

After winning a prestigious robotics contest, Dreamer Lorenzo Santillan had the chance to become a scientist, but his immigration status kept him from getting a university scholarship and he had to find an alternative, which turned out to be a traveling food truck that he calls "Neither Here Nor There."

Plain Text Author: 
EFE

[OP-ED]: The messy reality of global warming

 06/07/2017 - 10:10
Based on present technology and knowledge, we don’t know how to solve global warming. There is no obvious way to eliminate our pervasive dependence on fossil fuels without plunging the world into a prolonged depression and inviting widespread civil strife. 

There was no need for President Trump to withdraw the United States from the Paris climate agreement to achieve his goal of overturning the Obama administration’s global warming policy. This had already occurred through court rulings and executive orders, which effectively halted higher vehicle fuel economy standards (up to 54.5 miles per gallon) and ended the Clean Power Plan program, which pushed electric utilities to shift away from coal.

[OP-ED]: Globalization’s false sins

 05/17/2017 - 08:26
Las importaciones a menudo son más baratas que los productos norteamericanos, ayudan especialmente a las familias de bajos ingresos, cuyos presupuestos constan de más productos manufacturados, donde el descenso de los precios fue agudo.

Globalization has gotten a bad rap. The Trump White House associates it with all manner of economic evil, especially job loss. The administration has made undoing the damage a central part of its economic strategy. This will almost certainly fail and disappoint, because globalization’s ill-effects have been wildly exaggerated.

Plain Text Author: 
Robert J. Samuelson

Michel Franco: "Let's go ahead and make something Hollywood-style, but in Mexico.'"

 05/16/2017 - 05:05
 Mexican film director Michel Franco, during an interview with EFE in Mexico City, Mexico on May 12, 2017. EFE/Mario Guzman

At the premiere of his latest movie at the Cannes Film Festival, famous Mexican director Michel Franco noted a trend to make gringo-style movies in Mexico, something he rated as a big mistake. His new movie, "April's Daughter", tells the story of a pregnant teenager.

Plain Text Author: 
EFE

Ciber-ataque a escala global

 05/13/2017 - 05:21
EFE/EPA/RITCHIE B. TONGO

Al menos 99 países sufrieron el viernes una serie de ciberataques que exigiían el pago de un rescato para poder acceder a los sistemas informáticos afectados. Los hospitales y centros sanitarios son especialmente vulnerables a estos ataques. El servicio de salud pública británica NHS fue uno de los prinicipales objetivos del ataque. EEUU ha dicho que está preparado para ayudar a los estados afectados por el ciberataque. 

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Global Cyber-attack

 05/13/2017 - 04:42
EFE/EPA/RITCHIE B. TONGO

At least 99 countries were struck onf Friday by a wave of cyberattacks that demanded ransom in exchange for access to the affected computer systems. Hospitals are particularly vulnerable to this type of attack, and Britain’s National Health Service was one of the major targets.US says is ready to help countries hit by global cyber attack.

Plain Text Author: 
EFE

[OP-ED]: Will robots dis-employ us all?

 05/11/2017 - 10:11
The robots won’t steal all our jobs, because their efficiencies will create more purchasing power for other spending or new products that require human involvement and oversight. For proof, consider smartphones. In 2012, they had created nearly 500,000 jobs for “mobile apps,” up from zero in 2007.

 We have yet another study that debunks the widespread notion that robots -- and other forms of automation, including “artificial intelligence” -- will destroy our jobs and lead to a future of permanently high unemployment. According to the study, that would completely rewrite history, which has shown job creation to be an enduring strength of the U.S. economy.

Plain Text Author: 
Robert J. Samuelson

[OP-ED]: ¿Nos quedaremos todos sin empleo a causa de los robots?

 05/11/2017 - 10:06
Los robots no nos robarán todos nuestros puestos de trabajo, porque su eficiencia creará más poder adquisitivo para otros gastos en productos nuevos, que requieren supervisión o participación humana. Como prueba, consideremos los teléfonos inteligentes. En 2012, habían creado casi 500.000 puestos de trabajo para “aplicaciones móviles”, de cero en 2007.

Tenemos otro estudio más que demuele la idea de que los robots—y otras formas de automatización, entre ellas la “inteligencia artificial”—destruirán nuestros puestos de trabajo y nos llevarán a un futuro de alto desempleo permanente. Según ese estudio, eso reescribiría totalmente la historia, que ha demostrado que la creación de puestos de trabajo es una cualidad duradera de la economía norteamericana.

Plain Text Author: 
Robert J. Samuelson

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