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Robust Employment

By Isaac Cohen* The US economy is closing 2019 vigorously, as indicated by the creation of 266,000 new, non agricultural jobs in November and by the unemployment rate returning to 3.5 percent, the lowest in fifty years, while inflation remains under 2 percent. True, this year’s performance is less vigorous than in 2018, when average […]

Asylum Seekers Ask Court for Protection from Latest Trump Effort to Eviscerate America’s Asylum System

Asylum Seekers Ask Court for Protection from Latest Trump Effort to Eviscerate America’s Asylum System

Advocates Challenge the Application of ‘Unsafe’ Third Country Rule to Asylum Seekers Turned Back at Ports of Entry.     SAN DIEGO, Dec. 6, 2019— Immigrant rights attorneys filed an emergency motion today to block the government from applying another Trump administration rule to asylum seekers forced by a government policy known as “metering” to wait in Mexico […]

Bank of America Provides Grant to Mary’s Center

Bank of America Provides Grant to Mary’s Center

Bank’s Charitable Giving in Greater Washington DC Nears $2 Million in 2019. Includes $400,000 Neighborhood Builder Grants to National Housing Trust and Manna Food Center Earlier in October 2019.   Washington, D.C. – Bank of America announced this Wednesday it has provided more than $8 million in grants to Greater Washington D.C. nonprofits as part […]

Commodities

By Isaac Cohen* Latin America is undergoing another economic growth setback. Between 2014 and 2018 the region as a whole grew at an average annual rate of less than 1 percent and the International Monetary Fund, for this year, projects only 0.2 percent growth. The immediate cause of the fall is found in the end […]

Costly Protectionism

By Isaac Cohen* Evidence is increasing that the trade confrontation between the United States and China is contributing to a slowdown in both economies, which is hurting global economic growth. One of the first quantifications of the damage is the estimate by the International Monetary Fund that “US-China trade tensions will cumulatively reduce the level […]

Dow 28k

By Isaac Cohen* Despite a global economic slowdown and persistent trade tension between the United State and China, just before last Friday’s close, investors pushed the Dow Jones Industrial Average over 28,000 points, the fourth consecutive week of gains. In the last weeks, several positive factors have contributed to overcome the uncertainty and consequent volatility […]

Latin American Recess

By Isaac Cohen* Latin America is undergoing, since 2014, another fall in its economic performance, caused by the end of the boom generated by the commodity price super cycle. The International Monetary Fund has reviewed downwards this year’s regional growth projection to 0.2 percent, down from 1 percent in 2018. The average rate of growth […]

U.S. and China Aim to Roll Back Some Tariffs

U.S. and China Aim to Roll Back Some Tariffs

The United States and China are pledging that an initial trade deal would remove some tariffs, in a move that could de-escalate the ongoing trade war between the two countries. The initial trade deal has not yet been finalized. Since taking office, President Trump has levied tariffs on $360 billion worth of Chinese goods.

CSUN Professor Awarded Inaugural Frieze LIFEWTR Sculpture Prize

CSUN Professor Awarded Inaugural Frieze LIFEWTR Sculpture Prize

Beatriz Cortez Wins Frieze LIFEWTR Sculpture Prize California State University, Northridge Central American studies professor Beatriz Cortez is the recipient of the inaugural Frieze LIFEWTR Sculpture Prize and will create a major new work for Frieze Sculpture at Rockefeller Center in New York City. Cortez’s proposal, “Glacial Erratic,” was selected from more than 120 applications from artists representing […]

Downside Risks

By Isaac Cohen* On the eve of another meeting of the central bank in Washington and of the announcement of employment figures for October, several indicators are turning downwards. In the United States, the economy remains solid, growing close to 2 percent, with low inflation and 3.5 percent unemployment, the lowest figure in half a […]

Synchronized Slowdown

By Isaac Cohen* The Economic Counselor and Research Director of the International Monetary Fund Gita Gopinath presented, in Washington on October 15, the World Economic Outlook, the institution’s flagship publication. She summarized the global economic situation as follows: “the global outlook remains precarious, with a synchronized slowdown and an uncertain recovery.” The Fund has reviewed […]

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