By Ambassador Nathalie Cely, Ecuador’s Ambassador to the U.S. The “American Dream” has been the national ethos of the United States for generations. Its timeless appeal lies in its sheer optimism: those who work hard and play by the rules can achieve anything. Last month’s State of the Union address by President Obama, however, noted that […]
Last week saw Laos formally become the World Trade Organization’s (WTO) 158th member. Before the ink had time to dry on the agreement, Asia-based pundits were already weighing in about the potential benefits of such a move, which took fifteen years in the making. Gretchen A. Kunze, the Laos-based representative for The Asia Foundation writes […]
The U.S. has not just misplaced its priorities. When the most powerful country ever to inhabit the earth finds it so easy to plunge into the horror of warfare but almost impossible to find adequate work for its people or to properly educate its young, it has lost its way entirely. Nearly 14 million Americans are jobless and the outlook for many of them is grim.
Income inequality in the US is growing at an alarming rate as it did prior to the Great Depression precipitated by the Wall Street crash of 1929. Where will it all lead..??
Everyday there is fresh evidence that government spending to stimulate demand was critically necessary to pull the country out of the economic tail spin caused by the reckless risk-taking of essentially unregulated financial markets, easy money policies often championed by Right-wing economists such as CNBC’s Larry Kudlow.