Argentina’s right-wing president has announced sweeping measures to deregulate the economy, in what critics fear could threaten jobs and affordable housing for millions of Argentinians. Javier Milei, who took office in December, said he will wipe out or amending some 300 regulations, changes he deemed necessary to help repair the country’s economy. The changes include…
Once the Cold War ended in the early 1990s, many had expected continued global democratization and a safer world. With communist China acceding to the WTO in the end of 2001 following 15 years of negotiations, it seemed it would be possible to expand global open and free trade. Something must have gone wrong during…
The crisis at the southern border reached new heights in the end of the year. More than 276,000 asylum-seekers hoping to cross the U.S.-Mexican border have been encountered by the U.S. Customs and Border Protection agents in December, the highest number for a single month in history. Some days topped 10,000 per day. The December…
U.S. stocks ended a topsy-turvy 2023 near records despite bearish predictions. There are so many highly paid so-called market and street analysts, but few, if any, managed to predict the robust market comeback. Maybe they are as confused as the employees at the Federal Reserve bank, who seemed clueless about inflation and the impact of…
Egypt’s newly proposed peace plan to end Israel’s war with Hamas is drawing mixed reactions. International pressure for a cease-fire is growing amid the war’s climbing death toll in Gaza, where more than 21,000 Palestinians have been killed in the violence since early October. Israel has largely rejected calls for a cease-fire, reiterating the country’s…
