Latin News

Photo: courtesy of Democracy Now! A grand jury in Manhattan has indicted Donald Trump on more than 30 criminal counts related to hush-money payments Trump made to adult film star Stormy Daniels during his 2016 presidential campaign. The charges come four-and-a-half years after Trump’s former personal attorney and fixer, Michael…

Photo Google. By Isaac Cohen* Despite recent turbulence among some regional banks, the central bank of the United States reiterated, last week, its strong commitment to returning inflation to its declared objective of 2 per cent, approving the ninth consecutive increase in the federal funds interest rate to 4-3/4 to…

Foto: cortesía Democracy Now! In financial news, First Citizens Bank announced it will purchase a large portion of the assets of the failed Silicon Valley Bank. Seventeen former branches of SVB will now operate as First Citizens banks. The FDIC took over SVB earlier this month after a run on the bank caused it to collapse…

Photo: courtesy of Democracy Now! President Biden designated two new national monuments Tuesday, in Nevada and Texas, protecting over 500,000 acres of land from new development. Spirit Mountain, or Avi Kwa Ame, in Nevada is a sacred site for the Fort Mojave Tribe and others. Indigenous and environmental advocates have…

Photo: dreamstime By Isaac Cohen* The art of economic policy making consists in choosing between objectives that may contradict each other. For instance, the US Congress mandates the central bank to pursue both employment and price stability. However, to achieve both objectives may generate one of the best-known trade-offs if…

Beneficiaries of remittances in Cuba have the possibility of receiving them directly in their bank accounts in foreign currency, from Metropolitano, BPA and Bandec banks.   U.S. company Western Union reestablished the sending of remittances to Cuba from all over the United States this March 3. The member of the…

Foto Google. By Isaac Cohen* The release last Friday of February’s better than expected employment figures was darkened by news of financial turbulence emanating from some regional banks. Another month of vigorous job creation is evidence that the US economy remains strong, despite the monetary policy tightening that the central…

Photo: courtesy of Democracy Now! President Joe Biden has approved a massive ConocoPhillips oil and gas development in Alaska. The $7 billion Willow project is expected to produce 180,000 barrels of oil per day, adding some 240 million metric tons of greenhouse gas pollution to the atmosphere over 30 years.…

Photo: Senator Joe Manchin and then-Vice President Joe Biden together in January 2017. Today’s budget proposal that the Biden administration is attempting to present as a bold vision for social change is in fact little more than a bitter reminder of the Democrats’ failure over the last two years to…

Photo: es.dreamstime.com By Isaac Cohen*            The National People’s Congress of China started on Sunday a 9-day meeting with a presentation by the outgoing Premier Li Keqiang, who set at around 5 percent the 2023 growth target for the Chinese economy. Judged as modest by some observers, the target coincides…