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All posts by Ana Fuentes

A 2014 World News Tour by The Corner

World economy

THE CORNER TEAM | As 2013 wraps up, we are looking at the most interesting economic stories and challenges ahead. We have asked our contributors and some of the best bloggers worldwide to tell us. Enjoy the read and happy new year.


World economy

“People Who Look at Our Companies Have to See the Future” (Steven J. Mento, CEO of Conatus Pharmaceuticals)

NEW YORK | By Ana Fuentes | For Conatus Pharmaceuticals’ CEO Steven J. Mento, starting a company was “the only way to go”. This mid-sized biotech company just listed on Nasdaq market place with clinical trials in the U.S. and Europe believes they can do some things better than the big guys in their sector. He speaks with The Corner about investment opportunities and today’s economic challenges.


Financial markets

To Taper or Not to Taper

NEW YORK | By Ana Fuentes | As the Fed begins its last meeting of the year, the question is making big headlines and debates in the U.S. this week: Will the central bank start to wind down its $85 billion a month in asset purchases before or after March? The majority of economists were not expecting the Federal Reserve to leave QE before March. But the good data coming from China, the U.S. and Europe might be a game changer. [Video: CMC Markets]


minimum wage
World economy

It’s Not Only About the Minimum Wage

NEW YORK | By Ana Fuentes | The debate about the minimum wage is making big headlines both in the U.S. and in Europe, although for very different reasons. In Washington, the main issue is whether to raise it, since at $7.25 per hour the richest country in the world pays less per hour to many other developed countries.In Europe, Germany has joined the minimum wage club as one of the highlights of the coalition agreement, and France is increasing it by 1.1 per cent. In Spain the minimum wage was frozen two years ago due to austerity measures, and today minimum wage workers are struggling to make ends meet. Still, they can still enjoy free health insurance, education or a paid vacation, something that their American counterparts cannot even dream of.


eurozone unemployment
News in Europe

Eurozone’s Job Gains Show A Turning Point

NEW YORK | By Ana Fuentes | While the unemployment rate increased in Japan and the U.S. in October, it declined in the eurozone for the first time in nearly three years, the Conference Board International Labor Comparisons (ILC) pointed out on Thursday. The sign that the Old Continent might be reaching a turning point at last, reckoned an expert of the organization based in New York. But not that fast- isn’t youth unemployment still at 24.4 per cent?

World economy

BlindSide: The First Invisible Video Game

NEW YORK | By Ana Fuentes | What if a video game only contained audio? Blind Side is the first ever to set players in a fully 3D ambiance without graphics. Inspired by co-creator Aaron Rasmussen’s temporary blindness after an accident in chemistry class, the start up is the adventure of two young game lovers who got their funding via Kickstarter. Their potential market is huge: 33 million gamers in the U.S. have some kind of disability, according to the Able Gamers Foundation.

minimum wage
World economy

Minimum Wage: The U.S. Close to The World’s Lowest

NEW YORK | By Ana Fuentes | The planned strike of fast-food workers in 100 cities on Thursday has stirred the debate about the minimum wage, which is among the lowest in all OECD countries. America is a much richer country today than 30 years ago, although the inflation-adjusted wages of nonsupervisory workers in retail trade have fallen almost 30 percent since the 70s. Underpaid jobs seem to be the new normal, many economists are warning.

Company news

Is Amazon’s Drone Plan Solid?

NEW YORK | By Ana Fuentes | Amazon’s CEO Jeff Bezos has been getting free advertising for media all around the world since he unveiled his last idea: getting automated devices to deliver packages to their customers. The plan, which won’t materialize before 4-5 years, still needs a lot of work. It will open the door to a different use of the highly controversial drones, currently used by the U.S. army for selected killings in the Middle East, among others. Critics insist the online giant may just be putting on a great farce. In the video above, the fears of the Taiwanese animation company TomoNews, which has been critiziced for the use of clichés, too.


World economy

Despite Thanksgiving Deals, Americans More Afraid to Spend

NEW YORK | By Ana Fuentes | Despite the rain of deals, sales on the Thanksgiving weekend went down in the U.S. for the first time in seven years, according to the National Retail Association. More people went shopping, but they spent less money. Some shops have used promotions to attract reluctant consumers to spend more, although that dangerously squeezed their margins. So here’s a different, more nuanced picture of the U.S. economic recovery: gasoline prices are down, stocks and home values are rising, but consumers still feel under pressure from things like unemployment.



black friday
World economy

Black Friday: Engineered Illusions of Unbeatable Deals

NEW YORK | By Ana Fuentes | Black Friday is not about retailers getting rid of their goods stock nor the savviest customers obtaining the best bargains. This buying frenzy that has spread from the U.S. to many other countries is more of a retail theater in which buyers ‘feel’ they are paying a low price and brands design their products with the discount built in. They don’t make a river of money. Still, this is the busiest shopping day of the year. If you need to run errands, buckle up.