Temer is trying to push a package of spending cuts through parliament and other measures to lift Brazil out of its worst recession in decades [Xinhua]
Despite ongoing political turbulence following a slew of corruption charges aimed at sitting and previous leaders and lawmakers, Brazil’s economy appears to have bandaged itself and started to grow again.
Workers make bicycle parts at a factory at Ludhina in the Indian state of Punjab. India remains one of the strongest emerging market performers, analysts agree [Xinhua]
Investments in emerging markets have been on the rebound in the past 18 months soaring to new levels despite the dollar and oil prices fluctuation, and look likely to continue their upward climb in the coming year.
Dennis M. Rivera Pichardo for The Washington Post
I’m writing this letter as the proud son of the working class. My father, who never attended college and was our family’s breadwinner, worked as a Greyhound Bus ticket seller, part-time mail carrier and grocery store stock boy. When he died of a sudden heart attack at age 47, he was working the night shift as a hospital orderly. I was 12 years old and my younger brother was seven.
Markets are speculating that Trump will choose a Fed chief who will not upset the current policies of the Federal Reserve [Xinhua]
Emerging markets are hoping that US President Donald Trump will pick a replacement for Federal Reserve chief Janet Yellen, whose term as chair expires in February 2018.
While she will remain on as Fed governor until 2024, and will be one of five candidates for Trump to choose from, economists in emergint markets are betting that Trump could sway toward Fed Governor Jerome Powell, who is seen as being more dovish than Yellen.
Aotearoa (New Zealand) has a lot of serious problems. Neoliberal reforms have been imposed against the will of the people here and it is only our pride and our racially informed sense of kinship with imperial power that keeps us from recognising that we are a neocolony – a privileged neocolony perhaps, but a neocolony nonetheless.
New study shows that half of the men who dropped out of the workforce are on opioid painkillers. In 2015, 91.8 million Americans, roughly one in three, used opioid painkillers such as Vicodin and OxyContin. [...]
A man waves a Greek flag in front of the Greek Parliament during a rally against new austerity measures in Athens, May 18, 2017. (AP/Yorgos Karahalis)
Because of the decline in labor force participation a significant portion of the drop in the unemployment rate reflects not strength but something entirely different: a decline in the willingness to work.
