THE RE-ELECTION OF PRESIDENT

Published in El Nuevo Herald on January 27, 2012

Prior to the election of President Obama, the previous four periods in the United States have been characterized by a re-election of incumbent president. In the case of Bill Clinton, the explosion of online technology catapulted the largest economic expansion in U.S. history. George W. Bush, having to face an unprecedented domestic terrorism, aroused the patriotism of Americans. Now President Obama, having inherited a country at war and mortgaged  has had to take measures unpopular in corporate sectors, but necessary for the purposes of safeguarding our economic model as we know it today.

These measures have a strong drag on the majority of the electorate, as they involve proposals to create jobs, guarantee insurance, fair treatment of immigrants and a special outreach to Hispanics. These are all trump cards for a second presidential term and differ substantially from the Republican offerings, represented by the Tea Party.

Particularly among Hispanics, the Democratic Party is conducting a centrist work, which stresses that the proposals and measures taken are not left-wing and have nothing to do whatsoever with absurd  communist theories, as many politicians want to show with purpose to discredit the Democrats.

On July 21, 2010, President Obama signed into law reform known as Dodd-Frank Wall Street Reform and Consumer Protection. This law simply regulate the manner in which operators of the stock market and consumers interact with other investment banks. In other words, the public offering of shares and other securities will now be more transparent and accessible to the general public.

On October 19, 2010, President Obama signed the executive order called White House Initiative on Educational Excellence for Hispanics. Through this act has been carried out across the country a series of round tables where each  Hispanic community's leaders meet with the principal directors of the White House to present cases and proposals on employment, health, insurance, mortgages, etc.. Undoubtedly this is a great approach to the Hispanic community.

In the last census, it was established that Hispanic small businesses employed 25% more workers than in the previous census. President Obama maintains a plan to help grow even more rapidly, to 250,000 Hispanic firms. This includes training and summer jobs for young people entering the labor market. 

Among other important measures and plans, President Obama is calling for the enactment of legislation that would make it illegal to refuse to hire job applicants just because they have some time unemployed.

The policy of laissez-faire is no longer a valid option. Now the economy can not self-adjust mainly because most actors only carry out orders issued in the market, ie prices and conditions must be accepted even if they lack income.

This is why the measures being taken by President Obama are not only necessary at this historical moment but also that the electorate is expected. Then, the trend in previous elections will continue. We headed for a re-election of President Obama.

BENJAMIN F. DeYURRE
Miami

IS THE DOLLAR FALLING BEHIND ?

Published in El Nuevo Herald on January 13, 2012

The Peterson Institute for International Economics recently estimated at 24% devaluation of the yuan against the dollar. Because in recent months was recovered by 4%, on December 27, 2011, the Treasury secretary, Timothy Geithner, has decided not to designate China a "currency manipulator". Instead it has decided to keep the pressure on China in international forums as the Group of 20 leading nations and the International Monetary Fund. As a campaign platform, Republican Mitt Romney says it will bring this case before the World Trade Organization.

China, meanwhile, and perhaps as a reaction to this pressure, recently made a pact with Japan and Thailand for trade without the presence of the U.S. dollar. Clearly, China is trying to start promoting the yuan in the Association of Southeast Asian Nations (ASEAN), thus establishing free trade zones. The exchange between China and Japan was $ 340.000 million last year, so that an agreement of this magnitude makes it the largest ever made. However, this figure languishes before the three domestic financial aid packages awarded by the U.S. government for more than $ 700.000 million each. This comparison allows us to appreciate the gigantism of the great American Union.

This important agreement without the intervention of the dollar, has yet to be implemented. In particular, banks have to open their build process of Credit Letters with yuan designation to be used in international trade. Up until now, the transactions in Yuans have been made in Hong Kong mainly. The U.S. trade deficit with China was $ 273.000 million last year. When this deal, China-Japan-Thailand is in full swing, you can expect a revaluation of the Yuan, which was far away from the financial turmoil caused by the crisis since 2008. If so, will trigger the interest rates and with it the prices of all Chinese products.
Major U.S. brands dominate the Chinese market, 350 Walmart stores, 400 McDonalds, hospital equipment are primarily GE and Boeing commands the civil aviation. Is estimated at over $ 100.000 million annual profit accruing to U.S. corporations in China, but the biggest problem facing America is the lack of jobs caused precisely by the absence of these and other businesses on U.S. soil. 

Large financial capitals are managed primarily in New York, London and Frankfurt-Munich axis Berlin. This enormous treated China-Japan-Thailand, it create a new world economic order? Will it leave the dollar to exercise its hegemonic role in international trade? Major changes can be made in the medium run. What is a disturbing reality is that the U.S. must urgently take steps to safeguard our system. And these measures can be unrewarding for many.

BENJAMIN F DeYURRE
Miami

PROS AND CONS OF MEGA CASINOS IN MIAMI

Published in El Nuevo Herald on December 11, 2011

Many comments are around the project for a mega casino in the city of Miami. So,  in order you can be more objective, below outlines what we believe are the truths and falsehoods to the issues raised.

-It is true that the casino has recruited a distinguished former congressman to represent them in government negotiations. Undoubtedly, this adds an additional advantage in any negotiation.

-It is true that the revenues generated by these casinos are not reinvested in the city, county or state. Could be achieved to secure legislation in 20% of the net profit the amount to be reinvested in the community. This would be in business investment that will generate direct employment, other than the game.

-It is true that the dealer authorization for a mega casino will make legally inevitable appearance of the like.

-It is true that a flood of casinos will dethrone the former desert of Vegas as the Mecca of the international game.

-It is true that Miami was not conceived as Vegas and therefore its infrastructure would not support an enormous motor traffic.

-It is true that thousands of jobs will be created that  logically doesn't  exist right now.

-It is true that state revenues will be increased significantly.

-It is not true that Miami would become a major tourist destination. It already is.

-It is not true that the game generates more economic activity. On the contrary, small businesses will disappear and with them the small entrepreneur.
-It is not true that this mega casino can be approved without a final submission to an electoral vote.

BENJAMIN F. DeYURRE