The United States and the Philippines: A Tentative Reunion

On September 16, 1991, Senator Wigberto Tañada delivered an impassioned speech in the Philippines’ senate. President Corazon Aquino was proposing a new military-base treaty with the United States, and Tañada called upon his fellow lawmakers to sever the last chains of colonialism. He envisioned the departure of American warplanes, battleships, and soldiers as a symbol …

Read more

Here’s the reason behind oil prices doubling within a year

OPEC Compliance Boosts Oil Market According to the recently published data by the oil cartel, OPEC members have demonstrated strong conformity with the production cut agreement. This confirmation marks a significant milestone for OPEC, which was compelled to create a plan for price recovery after the barrel price plummeted to $26 in February 2016. The …

Read more

Industrial activity in the United States stalled in May

1/2 Industrial activity in the U.S. economy barely moved from April to May, suggesting the broader market is starting to cool off. U.S. economy growth does not expand more than 2% over the next few years, data suggest. File photo by Jeff Kowalsky/UPI | License Photo June 15 (UPI) — According to a report from …

Read more

Anticipated Outcome on UPS Union’s Strike Authorization Vote by the Teamsters to be Revealed on Friday

As Teamsters President Sean O’Brien (L) assured Teamster members of working towards the best UPS contract in the union’s history, the results of the strike authorization vote are expected on Friday. Photo courtesy of Teamsters Facebook June 15 (UPI) — As the deadline for a new labor contract approaches on July 31, Teamsters drivers across …

Read more

Temporary block of Microsoft’s Activision deal granted by judge in response to FTC’s request

A federal judge granted the Federal Trade Commission’s request to temporarily halt Microsoft’s acquisition of video game developer, Activision Blizzard. File Photo by Phil McCarten/UPI | License Photo June 14 (UPI) — Microsoft’s plans to acquire video game developer, Activision Blizzard, for $69 billion have been temporarily halted following a decision by a U.S. federal …

Read more

Canada is America’s NAFTA antagonist, not Mexico.

The trading relationship between the United States and Canada has been a topic of conversation since President Donald Trump met with Prime Minister Justin Trudeau on February 13, 2017. The two leaders emphasized the importance of their strong trade relationship, despite the fact that there have been ups and downs over the years. While President …

Read more

Draft Bill Proposed to Mandate Federal Reserve in Developing Stablecoin Guidelines

On June 9th, the Republican leader of the House Financial Services Committee introduced a revised draft of the primary legislative proposal for regulating stablecoins. The newly released draft synthesizes certain viewpoints put forth by Democratic lawmakers and includes additional input from Republican committee members. The bill requires that the Federal Reserve create guidelines for issuing …

Read more