Informes Semanales

Informes semanales de las noticias de The Economist, Wall Street Journal y Bloomberg

PRIMERA SEMANA

THE ECONOMIST

It ain’t what it used to be

Moises Naím publishes his new book “The end of Power: From Boardrooms to Battlefields and Churches to States, Why Being in charge isn’t what it used to be” in which he deeply proves that power has become evanescent, and those who are in power today are likely to have shorter periods in power. That’s because business models are changing and competition in every economy sector is growing on never seen levels. Also, power is easier to get and easier to lose. Three revolutions are the main cause power has become evanescent. The more revolution, making reference about the amount of people in the world actually. The mobility revolution, which people are moving more and are harder to control them, and the mentality revolution, where people are being better informed and are changing their thoughts.

BLOOMBERG

Cyprus averts panic withdrawals as banks open with cash controls

After two weeks, banks opened in Cyprus, with government controls, establishing a daily cash limit of 300 euros. These controls will be for seven days, but The European Commission said this control must be lifted as soon as possible. Nicos Anastasiades, Cyprus’ President thanked his fellowships for maintaining calm. Controls will remain, and that’s why people have organized their budget according to the conditions that The Cyprus Parliament has established.

WALL STREET JOURNAL

European Markets bounce back

European stock markets have posted gains in the past 10 months. Reopened banks in Cyprus have helped. Even there is still a certain degree of nervousness about Cyprus’ situation; this hasn’t been shown in European stocks, due to the controls established by Cyprus’ government. Italy and Germany have also shown some growth. France and U.K. have been growing constantly.

SEGUNDA SEMANA

THE ECONOMIST

Mind Expanding

America’s government will support a project intended to unlock the mysteries of human brain. This is a different project than Human Genome Project (which had a clear objective), and that’s why BRAIN project is being questioned. First of all, it needs more budget than Genome Project, and its results could be either really successful or really disappointing. If results are successful, investigators may be closed to understand dementias (like Alzheimer) but if not, US government has spent over nearly US$500 million. Work will be spread in several institutions.

BLOOMBERG

China turns graveyard from goldmine hurting ship makers: Freight

With Asia’s biggest economy slowing down and the European crisis adding to a plunge, different enterprises specialized in commodities and containers have reported loss for 2012. But is not only in China where orders to build ships have plunged. This is a worldwide crisis. China Cosco, for example, plans to sell its logistic unit, due to its 9,56 billion yuan losts (US $1,5 billion).

WALL STREET JOURNAL

Vital signs chart: Mortgage rates still favorable

Mortgage rates are favorable for would-be buyers in spring home-sales season. The average rate has decrease 0,03% in last week (from 3,57% for 3,54%). Historically, low mortgage rates augur a brisk selling season, if we based our analysis in what has happened over the past 30 years.

TERCERA SEMANA

THE ECONOMIST

Something for everyone

Barack Obama’s latest budget makes concessions to Republicans, who voted not to negotiate with Barack Obama after December. Last offer from U.S. president includes cuts to entitlements such as Medicare and Social Security, traditional sacred cows of Democrats politics. Main affected will be poor American people, who will lose a large amount of helps they were used to receive, and will be forced to pay more taxes to reduce public debt in America.  

BLOOMBERG

U.S stocks drop as retail sales fall, commodities tumble

U.S stocks fell as government data showed retail sales unexpected dropped in March. U.S retail sales went from a 1.0 percent gain in February to a 0,4 percent decrease in March. Companies in the U.S added to inventories in February at the slowest pace in eight months, putting them in a better position to deal with a slowdown in demand, this means that companies won’t be as affected as consumer would think, because its inventories didn’t grew much.

WALL STREET JOURNAL

Do Illegal immigrants depress wages, job opportunities?

Many Americans still worry about immigrants taking jobs away from U.S citizens. But a new research suggests that perception is changing. Researchers found a change of 0.02% in wages for U.S citizens. Americans are still of two minds when it comes to illegal immigration. 71% support having a way for illegal immigrants stay in U.S. with specific conditions, and only 49% said illegal immigrants strengthen American economy. Finally, more immigration would help the economy because U.S. will be provided with more workers over the long-term.