Extremists and the Fiscal Cliff
The extremists of the Tea Party have ruined the Republican Party and threaten now with bringing to a halt the Congress and the government. Economic indicators are already signalling danger.
World economy
The US fear Europe’s austericide
As anger and despair over austerity spread in Europe, more US analysts are expressing their solidarity towards protesters and skepticism towards policy makers. A turning point was IMF’s shift, saying that tax hikes and spending cuts causing far more economic damage than experts had assumed.
The downward trend continues in the EU
Economic weakness will remain in the second half of the year, CaixaBank analysts say. Consumer confidence fell again in the third quarter of the year. The IMF also lowered its growth forecasts.
Wake up, lazy François! You are in time, says Barclays
France has been advised by international institutions like the IMF and euro partners like Germany to do its homework before it’s too late. The answer that has come from the Elysée Palace, unfortunately, isn’t auspicious.
In Gold we trust
The biggest economy is playing with fire should Washington lawmakers fail to agree on a reasonable plan to redress its burgeoning deficit.
Hispandering: Latino seduction didn’t work for Mitt Romney
In a changing demographics America, Hispandering–trying to reach out Latinos by showing up with Hispanic stars in the campaign, dropping a few words in Spanish in the middle of the speeches–has become a must. The Republicans did not get it.
CAF to supply trains to Brazil’s Porto Alegre, Belo Horizonte
Two new contract awards to CAF in Brazil. The aggregate of both contracts amounts to a turnover in excess of €80 million.
Russia, South Korea record highest increase in euro zone imports
EU exports to most of its major partners grew in January-August 2012 compared with January-August 2011, except for India (-5%). The most notable increases were recorded for exports to Russia and South Korea, both +18%.
Winds of change for Mexico’s twin-engine second-bigger LatAm economy
BARCELONA | CaixaBank analysts believe reforms are particularly important for the second economy in Latin America given the need to provide a definitive boost to its growth potential, one of the lowest in the region.
Austerity and poverty in Greece: more that meets the eye
Don’t just blame austerity, says policy adviser Manos: Greece’s welfare state has for years been the worst in the OECD at tackling poverty. And it isn’t alone. Estonia, Malta and the Czech Republic have similar levels of food poverty as Greece’s among households with dependent children.