Jorge Riancho Chirino

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Poverty in America

IT IS often said that efforts to fight poverty have failed. Surveys suggest only 5% of Americans think that anti-poverty programmes have had a big …

Income Inequality

Trump steel tariffs to hit these 8 countries the hardest — and China isn’t one of them

Donald Trump on Friday plans to carry our his threat to slap tariffs on foreign steel and aluminum in an effort to protect American jobs and steel …

Economy

Trade war could spark food fight, California growers fear

Steel and aluminum may be the intended quarry of a trade war that President Trump has said would be "good" for the U.S. economy, but the casualties of the conflict could be food, agricultural economists warn.<p>China, the European Union, Mexico, Canada and other trading partners have sent strong …

U.S. dollar outlook darkens as trade war looms

NEW YORK (Reuters) - The U.S. dollar could face headwinds if President Donald Trump’s proposals to impose stiff tariffs on steel and aluminium imports are enacted, with the biggest risk stemming from the possible flight of capital flows needed to finance ballooning U.S. deficits.<p>FILE PHOTO - U.S. …

Economy

Economists warn Trump's multi-trillion debt splurge could be the next big risk to the economy

Donald Trump’s debt-fuelled spending and tax cut plans are a growing risk to the US and world economies, as a short-term boost threatens to turn into a bust next year.<p>Almost $400bn (£290bn) of extra spending combined with a $1.5 trillion tax cut in a booming economy could trigger overheating, top …

Economy

New research suggests the dollar’s level drives world trade

AGUS SACCHAL sells sheets and blankets from a warehouse in Buenos Aires, for which he is paid in Argentine pesos. While the pesos go into his wallet, …

Economics

Freakout-onomics: Trump and Republicans making every bad economic choice possible

From trade to immigration to debt to income inequality, you'll find Trump, Republicans or both on the wrong side of the facts and the future.<p>Someday President Trump will be gone, along with all of his chaos and sleaze, relatives, cronies and Republican enablers. But they will still be with us in …

Economics

Economic Equality Is Key to Solving Climate Change, Report Shows

Economies need to reduce inequality and promote sustainable development for the world to avert the perils of runaway global warming, according to new …

Demographics Give a Big Head Start for Family Income and Wealth

New research suggests some economic advantages are inherited, rather than earned<p>Where you start out in life foreshadows where you will finish. New research from the Federal Reserve Bank of St. Louis shows how a parent’s level of education, race and age shape economic opportunities and outcomes …

The Trump administration's five dumbest economic ideas

Stock markets can erase national debt? Trump invented a decades-old economic theory last year? On both counts, not so much.<p>Early in the morning on …

The Price They Pay

<i>The New York Times and ProPublica, the independent, nonprofit investigative journalism organization, collaborated on this article.</i><p>The burden of high drug costs weighs most heavily on the sickest Americans.<p>Drug makers have raised prices on treatments for life-threatening or chronic conditions like …

Pharma

Why the American Middle Class Is Disappearing (and What It Will Mean for the Economy)

Democracies do not last long without strong middle classes.<p><i>What are the negative long term effects if the middle class is not rebuilt? originally appeared on Quora:</i> <i>the place to gain and share knowledge, empowering people to learn from others and better understand the world</i>.<p><b>Answer by Chris Hughes,</b> …

Economics

The Economy Is Soaring, And Now So Is The Deficit. That’s A Bad Combination.

Between costly tax cuts and last week’s hefty spending bill, Congress is generating deficits that aren’t just large, they’re also unprecedented and …

Ask a Fool: When is it fair to say the stock market is crashing?

It's been a turbulent week for stocks, but this isn't exactly a crash.<p>Q: The Dow Jones Industrial Average plunged by more than 1,900 points over the past two weeks, and stocks have been extremely volatile. Is this the beginning of a stock market crash?<p>While a crash is loosely defined as a "sudden …

U.S. producer prices rise in January; industrial output falls

WASHINGTON (Reuters) - U.S. producer prices accelerated in January, boosted by strong gains in the cost of gasoline and healthcare, offering more evidence that inflation pressures were building up.<p>FILE PHOTO - A car is filled with gasoline at a gas station pump in Carlsbad, California, U.S. on …

Economics

U.S. weekly jobless claims rebound from near 45-year lows

WASHINGTON (Reuters) - The number of Americans filing for unemployment benefits rebounded from a near 45-year low last week, but remained below a level that is associated with a tightening labor market.<p>A man holds his briefcase while waiting in line during a job fair in Melville, New York July 19, …

Economics

Retirement savers, how much market risk can you handle?

CHICAGO (Reuters) - The opinions expressed here are those of the author, a columnist for Reuters.<p>Allan Roth has decades of experience constructing retirement investment portfolios for clients, but he never predicts the direction of the stock market.<p>He does, however, predict human behavior. “People …

Trump Offers Spending Blueprint, But Congress Already Wrote The Check

<b>Updated at 2:10 p.m. ET</b><p>President Trump released his 2019 budget proposal Monday calling for increased spending on the military, border security and the opioid crisis. But the White House blueprint has already been overtaken by events. The two-year budget deal passed by Congress last week boosts …

The White House

Why the World Is Watching U.S. Interest Rates

Foreign governments and companies owe more in dollars than ever before.<p>With U.S. short-term interest rates headed toward their highest levels in almost a decade, here’s something worth considering: The rest of the world has borrowed so many dollars that the global repercussions could be greater …

1950s prosperity or 1970s crash? Two ways a US interest rate rise could go

An interest rates expert ponders outcomes for the US economy as the central bank looks set to end the era of cheap money<p>Remember Quantum Leap? In the sci-fi show, time traveling scientist Sam Beckett would wake up in another era and have to work out where he was in history before solving this …

U.S. wholesale inventories for December revised higher

WASHINGTON (Reuters) - U.S. wholesale inventories rose more than initially estimated in December, helped by a sturdy rise in auto stocks.<p>A shopper walks down an aisle in a newly opened Walmart Neighborhood Market in Chicago in this September 21, 2011 file photo. REUTERS/Jim Young/Files<p>The Commerce …

U.S. Dept. of Commerce

Trump's Soaring Budget Deficit Risks Intensifying Market Frenzy

The ballooning federal budget deficit under President Donald Trump will force the U.S. to borrow more than $1 trillion this year and risks worsening …

Again? Yup. What to know about the overnight budget shutdown

WASHINGTON (AP) — Again?Yup. While you were sleeping, Congress was shutting down the government — and then reopening it — in a familiar display of …

U.S. budget deal sets up wider fight over deficits, immigration

WASHINGTON (Reuters) - The budget deal passed by U.S lawmakers early on Friday will alleviate the spending fights that marked President Donald Trump’s first year in office, but sets the stage for a battle over immigration and who is to blame for exploding deficits ahead of November’s congressional …

Tea Party

Templeton Enlarges Bet Treasuries Are Doomed by Rising Rates

Michael Hasenstab has been waiting since at least 2016 for his wager on rising U.S. rates to come good. Now he’s adding to the position.<p>The Franklin …

Corporate America's Spending Roars On, and These Charts Show Why

An elixir of tax relief, a less-stringent regulatory landscape and healthier global demand is unleashing a heady pace of capital spending by …

U.S. jobless claims drop to near 45-year low

WASHINGTON (Reuters) - The number of Americans filing for unemployment benefits unexpectedly fell last week, dropping to its lowest level in nearly 45 years as the labor market tightened further, bolstering expectations of faster wage growth this year.<p>FILE PHOTO - Job seekers apply for the 300 …

Economics

Texas flood: U.S. oil exports pour into markets worldwide

NEW YORK/LONDON/SINGAPORE (Reuters) - In the two years since Washington lifted a 40-year ban on oil exports, tankers filled with U.S. crude have landed in more than 30 countries, ranging from massive economies like China and India to tiny Togo.<p>FILE PHOTO: An oil tanker stands attached to a mooring …

Oil

The Latest: Trump to tell Davos the US 'open for business'

DAVOS, Switzerland (AP) — The latest on the World Economic Forum in Davos, Switzerland (all times local):<p>11:20 p.m.<p>President Donald Trump plans to …

Deja vu? It's looking like 1987 again for the US economy

Weak dollar, rising inflation, recession memories fading, new hand at the Fed … and meltdown?<p>It is August 1987 and the US economy is humming along. Memories of the deep recession earlier in the decade are fading fast. Tom Wolfe is about to publish The Bonfire of the Vanities, which captures …

Tom Wolfe