By Liberlaboratory | The EU and the USA announced last week that they will launch negotiations for a free trade agreement. The potential benefits appear huge with the two giants representing 47% of global GDP. But mind the gaps ahead.
BERLIN | A US-EU free trade zone is on the agenda. There are at least four good reasons for Europe to stay away from it, writes the liberal Die Welt.
In his annual State of the Union speech, US President endorsed long awaited EU-US free trade talks that could spur growth and create new jobs.
MADRID | Dennis Lockhart, president of the Atlanta Federal Reserve: “Why couldn’t we grow by a higher rate? Because people still are in the middle of a deleveraging process, which makes it near impossible that consumption takes off again.”
The Worden Report | Expertise in reducing the tax US banks pay in Europe does not make up for the greater ineptitude at those banks, so there is a significant possibility that they will go under.
BARCELONA | Maintaining growth is crucial to continue reducing debt and boosting the recovery in employment. The US unemployment rate falls to 7.7% thanks to the reduction in the labour force.
Nine media outlets write a letter to Mitt Romney campaign challenging the exorbitant bills they had to pay in order to follow the Republican candidate before the US election
What would you say the main drivers of the economy this year have been? When it comes to the US, experts point out to the euro turmoil
Unlike during the 1980s, when skilled immigrants could get green cards in as little as 18 months, today it can take as long as 17 years. Failure to fix this problem, says Wadhwa in an interview with Knowledge@Wharton, is killing American innovation and entrepreneurship.
NEW YORK | There was a time when entrepreneurs innovated and capitalism was mainly creative. And that is finished, according to Edmund Phelphs. Inspiring behavior has been suffocated by several years of Keynesianism and new Corporatism.