policy

In Puerto Rico, Protestors Fight for the Island's Future

October 10, 2016

The crowd of students and professors filled a street in Old San Juan, chanting, “¡Somos estudiantes, no somos criminales!”[1] Puerto Rican police officers and a SWAT team made a barrier between the angry, yet peaceful crowd and the rest of the street leading to la Fortaleza, the governor’s mansion.

Rousseff Plans for Austerity, Brazil Going Against Global Keynesian Trend

October 11, 2016

On Tuesday, Brazil’s President Dilma Rousseff pled for her cabinet to embrace fiscal tightening and further austerity measures aimed to conquer Brazilian stagflation and “restore business confidence and growth” as she heads into her second term.1 She wants to bring down rapid inflation, about 6.5% annually, lower interest rates and stimulate spending to boost employment and raise incomes.2 In terms of tax policy, Rousseff wants to alleviate the burden on businesses, encourage private sector investment and boost export competitiveness.1

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