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 »

While Democrats and Republicans are discussing how to avoid US debt default and so far unwilling to move from their respective and entrenched positions, in what it seems to be turning into a dangerous chicken game, the country got today another set of bad news with new data that makes people question the optimistic idea of politicians about a bounce in the economy later this year. Read the rest of this entry »

It is a sad day for women, specially American women, when the Supreme Court blocked a sexual discrimination lawsuit against the retail giant Wal-Mart. With their ruling yesterday, the highest court overturned an earlier ruling which would have allowed 1.6 million female Wal-Mart employees to sue the company for allegedly paying women less than men and for giving them fewer promotions that their male co-workers. Read the rest of this entry »

As we reported on May 26 “the Palestinian unity agreement came as a prelude to the Palestinian plans to seek full recognition of statehood from the United Nations something both the US and Israel are against.” Now trying to avoid a large dispute at the UN in September, EU foreign affairs chief Catherine Ashton has launched a bold idea. Read the rest of this entry »

Never mind how politicians tried to spin it, the economic news just received in the US were not good. Last month, US employers hired fewer workers than expected , only 54 ,000 workers or third of the 150,000 increase that had been fore casted by Wall Street. Even the figures of March and April were revised to 39,000 fewer jobs created that it had been estimated. Read the rest of this entry »