Word: federales
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Consumer spending by America's large middle class is an important indicator of economic recovery. GDP numbers from last quarter and opinions from the Federal Open Market Committee may not be as accurate an indicator of the health of the middle class economy as are the results of Starbucks last...
After the GDP numbers were released, the Fed put out the minutes of its two-day Federal Open Market Committee. At the core of the statement was one of the greatest hedges in recent memory:
The current group of federal policy makers must think that it is mad to believe housing prices will hit a low enough level that consumers will make purchasing decisions on their own. If a home that was worth $500,000 three years ago can be purchased for $200,000 at...
Regulation Scores of agencies police doctors. Thousands of people make their living doing it. They give us yearly tasks that doctors, on pain of ending their careers, absolutely must do: 10-page reappointment forms, written exams, blood tests, physicals. Every hospital we work in, every HMO we sign up with...
Nor is there much indication that the PRI is a reformed or even chastened entity. In fact, as democracy has engendered federalism in Mexico, critics say many PRI state governors have gotten even more brazen than their 20th-century forerunners. In the impoverished southern state of Oaxaca, PRI Governor Ulises...