Washington Post (January 10)
“As spending climbs and revenue falls, the coronavirus” is forcing “a global reckoning.” The resulting “debt tsunami” will threaten “even stable, peaceful middle-income countries.” Costa Rica is just one such country “scrambling to stave off a full-blown debt crisis, imposing emergency cuts and proposing harsher measures that touched off rare violent protests last fall.” The “progressive, eco-friendly nation is weighing desperate solutions — including open-pit gold mining, even oceanic fracking.”
Tags: Coronavirus, Costa Rica, Crisis, Cuts, Debt tsunami, Desperate, Eco-friendly, Global reckoning, Mining, Open-pit, Peaceful, Progressive, Protests, Revenue, Scrambling, Spending, Stable, Threaten, Violent
Washington Post (June 6)
“Vying for the title of the United States’ most progressive city, Seattle this week decided to raise its minimum wage to $15 an hour.” Amidst the applause and the doomsayers, however, lies the truth. Nobody knows how this experiment will end. “Despite literally hundreds of studies focusing on the minimum wage, top economists are still uncertain about the consequences of raising it.”
Tags: Consequences, Doomsayers, Economists, Experiment, Minimum wage, Progressive, Seattle, Studies, U.S., Uncertain
