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In November, the Frente de Todos coalition was defeated by the opposition Juntos por el Cambio in Argentina’s midterm, rocking the boat for the ruling party, thus their internal tensions. Despite this -not new- news, the current administration faces a very-much-complicated 2022, where the fragile economic indicators turn against them: the inflation reached almost 50% […]
In 1867, Karl Marx famously declared, “It is the absolute interest of every capitalist to press a given quantity of labor out of a smaller, rather than a greater number of laborers, if the cost is about the same.” Since then, the phenomenon of the “reserve army of labor,” or the existence of structural unemployment […]
BY KAVI PATEL Backed by a 10-0 vote at the December 2015 Federal Open Market Committee Policy meeting, the Federal Reserve decided to increase the target Federal Funds interest rates by .25 percent for the first time since 2006. Chair Janet Yellen reaffirmed her confidence in the U.S. economy in a press conference that followed, and […]
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