Articles in English
International Economic Outlook
Por Omar Ricardo Gómez Castañeda, desde Venezuela
This report sees US output falling during the first half of next year, then gradually picking up as the effects of the credit squeeze abate, the housing downturn bottoms out and the impact of lower interest rates takes hold. Weak household spending due to large losses in households’ wealth will limit the strength of the recovery. US GDP is projected to fall 0.9 percent next year, before rising 1.6 percent in 2010.
LEER MAS >>Rich Get Poorer, Poor Disappear
Por Barbara Ehrenreich, desde EE. UU.
Ever on the lookout for the bright side of hard times, I am tempted to delete “class inequality” from my worry list. Less than a year ago, it was the one of the biggest economic threats on the horizon, with even hard line conservative pundits grousing that wealth was flowing uphill at an alarming rate, leaving the middle class stuck with stagnating incomes while the new super-rich ascended to the heavens in their personal jets. Then the whole top-heavy structure of American capitalism began to totter, and -poof!-inequality all but vanished from the public discourse. A financial columnist in the Chicago Sun Times has just announced that the recession is a “great leveler,” serving to “democratize[d] the agony,” as we all tumble into “the Nouveau Poor…”
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