With unemployment at 9.1 percent, nothing is more important to many Americans than the creation of new jobs. Also to President Obama this matter is urgent and has to be resolved if he wants to keep his own job in the next elections. Read the rest of this entry »

Well, this summer certainly is not a quiet one in any front anywhere, but in the US it’s anything but tranquil. Beginning with nature we just had the surprise of an earthquake in the East which rattled the nerves of many, nerves already fragile by the economy, unemployment etc. Read the rest of this entry »

While there is more than a year before elections in the US, the country is already beginning to be “assaulted” by the politicians. Much can happen in the months prior to voting day but nobody wants to be left aside and be forgotten and then there is a lot of money to be gathered from the constituents. Read the rest of this entry »

It was not necessary to be an economist to know that this financial debacle was about to happen. In both sides of the Atlantic politicians have left the banks rule and have been too timorous to face them. In the process, we have had the housing bubble -the US and Spain are two good examples of it-, unemployment at levels that are intolerable and an always growing difference between the haves and the have-nots. Read the rest of this entry »

Sunday evening President Obama announced that Congressional leaders from both parties had reached an agreement aimed at ending the US debt deadlock. He said that it wasn’t the deal he would have preferred but he nevertheless threw his support behind the plan. Read the rest of this entry »

Being so involved on both sides of the Atlantic with the economic woes, some of the many and violent political problems, some of which have been there for years and others surprising the world some months ago, seem almost to be ignored. And yet, they are still there, unresolved. Read the rest of this entry »

For the third time in as many days, Republican and Democrat lawmakers are holding a meeting to try to make a deal before August 2 that will reduce the US deficit and raise the debt ceiling with the aim to avoid defaulting and being able to pay their debts. Read the rest of this entry »