7:14 AM, Apr 22, 2015 • By JERYL BIER
Speaking Tuesday at the 45th Annual Washington Conference of the Council of the Americas, Secretary of State John Kerry said that "countries are far more likely to advance economically and socially when citizens have faith in their governments and are able to rely on them for justice and equal treatment under the law." Kerry said that a "new kind of relationship" with Latin American countries, emphasizing democracy and human rights, will contribute to "our common agenda for the hemisphere."
Here are Kerry's remarks in greater context:
At the UN Human Rights Council last fall, Brazil, Chile, Colombia, and Uruguay joined the United States in sponsoring a resolution in support of LGBT rights. Our landmark Open Government Partnership, which the United States launched with Brazil five years ago, is now chaired by Mexico. And over the past three years, we have worked with partners, including Costa Rica, Mexico, Chile, and Jamaica, to help strengthen the independent bodies of the Inter-American Human Rights System. Many of the globe’s leading voices for human rights and the rule of law, obviously, share Spanish as their native tongue.
Why does this matter? Well, it matters because countries are far more likely to advance economically and socially when citizens have faith in their governments and are able to rely on them for justice and equal treatment under the law. It matters because young people who have opportunities at home will stay and contribute to their societies instead of leaving in search of better luck elsewhere. It matters because freedom of thought and expression are the keys to innovation, which is how whole new industries begin. It matters because, in that most curious of ways, people who are given the liberty to be different are also the ones most likely to unite and band together in the face of shared threats.
If faith in government is a necessary factor for a country's economic and social advancement, a recent Pew Research Center study, via the Washington Post, is not a good sign. The Post notes that the study found that only "23 percent [of Americans] trust the federal government to do the right thing 'at least most of the time.'"
11:12 AM, Mar 27, 2015 • By GEOFFREY NORMAN
Bloomberg reports that:
The U.S. economy expanded at 2.2 percent annualized pace in the fourth quarter, led by the biggest gain in consumer spending in eight years.
9:50 AM, Mar 25, 2015 • By IRWIN M. STELZER
Water, Water Everywhere
And in some places in drought-ravished California even where it proves an embarrassment.
11:36 AM, Feb 26, 2015 • By GEOFFREY NORMAN
The recovery may be slowing and the end of the Fed’s QE efforts receding further into the future.
9:38 AM, Feb 25, 2015 • By GEOFFREY NORMAN
The Obama administration’s line on the economy appears to be that it has finally turned the corner and things are truly humming. And maybe so. But there are signs of trouble amid all the good cheer.
12:01 AM, Feb 7, 2015 • By IRWIN M. STELZER
We should “stop thinking about the economy as being in a perpetual crisis” commented Charles Plosser, President of the Federal Reserve Bank of Philadelphia, after the government announced on Friday that the private sector added 267,000 jobs in January, and that upward revisions to November and December data brought total job creation in 2014 to over three million.
3:36 PM, Feb 2, 2015 • By GEOFFREY NORMAN
The first number in a week that will produce many of them, culminating with monthly non-farm payrolls, is not promising for the recovery.
12:34 PM, Jan 30, 2015 • By GEOFFREY NORMAN
Listen to the president, his staff, and his supporters and you might be ready to believe that the economy is on a rocket ride to prosperity. More jobs, lower gas prices, increased consumer spending. So now, at last, we can afford to do away with sequestration and other implements of austerity. Time to grow and spend and prosper.
Striking the right balance. Feb 9, 2015, Vol. 20, No. 21 • By CHARLES WOLF JR.
President Obama can’t run again, as he noted in the State of the Union last month, but he sought to use his address to set the tone for the 2016 campaign. His repeated references to “middle-class economics” were tactful code, speaking in front of a Republican-controlled Congress, for that perennial Democratic favorite, the inequality debate.