|Wednesday, April 1, 2020

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Economy

Financial markets still under Coronavirus panic

The West has mobilized in just over a week the largest amount of resources that is remembered in peacetime. Governments, multilateral organizations and central banks have removed their heavy artillery. However, financial markets are still in panic mode. Why? Because investors only have eyes for medical advances in the fight against the coronavirus, trying to gauge the magnitude of the economic damage. At this stage, rescue packages are necessary ...Read full article...

Why is capitalism to blame?

The lack of equality, equity and even opportunity are all attributed to capitalism. The same happens when discussing gender inequality. Discussions among peers and relatives almost always end up blaming capitalism for it in addition to the so-called patriarchy. People who speak against capitalism, suggest that it must be reformed so that it can provide more of what they want: equality, equity and opportunity. Obviously, someone who wants to ...Read full article...

Socioeconomic conditions are vital for appropriate cognitive development

The higher the socioeconomic level of the parents, the more cognitive development children have. Much scientific literature supports this statement, always talking about averages, not concrete cases. What had not been addressed so much is how the status of the father and mother influences children’s cognitive development, separately. In a new study a group of researchers has published very revealing findings, with a fairly clear conclusion: while the mother’s ...Read full article...

Globalization, inequality, economic and social segregation

The agglomeration of human diversity was the one that accelerated the innovation process, inventions such as the alphabet, currency, pavement, the wheel and navigation. In cities, different people live in different places: it is called urban segregation. Segregation can occur for different reasons, such as ethnicity or lifestyles, but the newest and most important factor is economic. Everyone can see it in a large metropolis like New York City, ...Read full article...

KPMG reveals upcoming Big Tech alliances with Big Banks

Big Tech wants to obtain information on people’s payment habits. They have applied for licenses as payment entities in Europe, Mexico, the United States and India. More than a quarter of all financial institutions are already associating with one or more technology giants and an additional 27% indicate that they plan to forge these types of partnerships within the next 12 months, says a report from the consulting firm ...Read full article...

Data Science encourages critical thinking in teenagers

The benefits of integrating concepts of this field in secondary education and high school are already visible. If you follow our news reporting on a weekly basis, you may have noticed our interest in conveying the importance of data in advancing commercial enterprises and eroding privacy, among other issues. But data science is more than just collecting and processing information. Experts are now finding ways to use data science ...Read full article...

Global Economic Recession Peek-a-Boos

As stock markets seem to be soaring, especially in the United States, growth forecasts announce that the global economy will barely reach levels above recession. New gloomy expectations for the world’s economies were reported by the Organization for Cooperation and Economic Development (OCED). In a climate of growing commercial tension, lower private demand and investment weighed down by uncertainty, global growth will remain at 2.9% this year and ...Read full article...

Use technology to invest like a boss

Technology makes life easier, and when it comes to investing or saving your money, it can also make a difference. Reaching the end of the month with money in your bank account can be a challenge. But if you are a person who has already overcome such a challenge, you can now concentrate on what to do with what you save. Saving at the end of the month may ...Read full article...

Malnutrition: The epidemic of the century

Ironically, obesity has a lot to do with things that cannot be reduced to excess fat in the body. The accumulation of fat goes beyond appearance. It is the result of an even greater problem: malnutrition. The malnutrition epidemic is here and we lack tools to deal with it, experts say. Malnutrition is not what we believe it to be. We may be used to seeing people in Africa, ...Read full article...

The Great Corporate Tax Swindle: How multinational corporations defraud You

In Europe, for every euro that is paid in taxes by a multinational corporation, the host country loses up to 5 euros. Companies like Google, Facebook, and Nike, transfer large amounts of wealth to tax heavens in addition to being tax exempted by governments. Taxing, especially when done without any positive results for those who are robbed of their efforts, is immoral. But do you know what is also ...Read full article...

Latin American Economies in a fast, desceding spiral

A report of the International Monetary Fund in which the organization collects its global projections includes a world map that it uses to represent the evolution of the real economy in emerging markets. In its map, the IMF paints Latin America whole pink and red. It is not a good sign because the activity in the region slowed down significantly at the start of 2019, to the point that ...Read full article...

Contagion during Financial Crises increases in emerging economies

The chances of contagion between countries are high. In addition, after the crisis of 2007-2009, there has been no progress in the ability to control financial shocks. Speculation continues to run rampant and indebtedness continues to grow as a percentage of GDP. Trade skirmishes, the deceleration of economies and the evolution of the interest rate curve are focusing our attention. Financial stability conditions, however, have gone to the background, ...Read full article...

When should you teach finances to your child?

Experts say financial education should begin at school. Children entrepreneurs who manage their finances. That sounds like an antithesis to little ones who prepare the VAT invoices, make the declaration of the income of their weekly wages and their expenses in sweets and look for the best mortgage for their tree houses. Joining childhood with business and finance may sound weird but there are more and more educational centers ...Read full article...

US tariffs hit almost 100% of all Chinese exports

Everything that China exports to the United States is subject to a tax. American president, Donald Trump, raised a commercial wall to goods that come from Beijing. After the last 10% tax announced last week and which will enter into force next September, 96.7% of all Chinese exports suffers a tariff barrier, according to the calculations of the Peterson Institute For International Economics (PIIE). This is the highest point ...Read full article...

Is youth unemployment really about lack of opportunity?

Day after day more experts confirm that unemployment has a lot to do with lack of skilled labour, and less with lack of job opportunities. The labor market in Latin America is paradoxical: while youth unemployment is rising -it is three times higher than the average rate-, 40% of companies have vacancies that they cannot cover because they do not find profiles with the necessary skillset. More than half ...Read full article...