Analysis and Opinion
Analysis and Opinion
Hurricane Harvey slammed into the South Texas coast in late August, bringing with it historic and unprecedented flooding and leaving a path of destruction in its wake, the exact toll of which will take weeks, months and likely even years to determine.
BBVA Compass, with nearly a quarter of its branches located in South Texas and its holding company headquarters located in Houston, felt the full force of Harvey’s lashing, with employees’ personal lives impacted, administrative buildings closed, branches closed and some flooded and ATMs knocked offline. But, as one of the top 25 largest U.S. commercial banks based on deposit market share, it was critical that operations continued with minimal interruption to serve all communities and clients.
The latest issue of the magazine La revista de Occidente includes the translation of an article by Peter Galison entitled “The journalist, the scientist and objectivity.” It describes the ease with which images are manipulated in today´s world. This has caused publications such as Science magazine to create protocols to prevent the presentation of manipulated illustrations. The perversion of information also reaches the world of journalism, where false rumors are propagated with a singular force.
In 2007, one of the biggest financial crisis in modern history started, one that has brought drastic changes to the world’s economy.
The bursting of the financial bubble caused by subprime mortgages triggered a deep economic recession, especially in countries such as Spain. The crisis also resulted in record-high unemployment rates that still affect large segments of the population. This is how the crisis that started a decade ago has evolved and affected people and the economy.
Mexico´s medium —and long— term perspectives are favorable, given the possibility of an improved NAFTA (North American Free Trade Agreement) and recent, profound structural reforms that are beginning to bear fruit.
The tale of the U.S. economy since the election of Donald Trump is one of great expectations but little growth.
In a report entitled The Future of Football, Futurizon predicts that in the future, sports events will be broadcast using tiny drones capable of hovering a few inches above the playing field, swirling around spectators or chasing the ball in the air. Except for referees, players and coaches, ordinary spectators have always enjoyed these events from architectural points of view: the stands or the sides of the pitch. And, even if we don’t realize it yet, narratives have also depended on these points of view. What would happen if the perspective changed? Would it be possible to televise a match exactly as the referee sees it? Would that be of any interest at all? Or telling what an embedded drone observes?
The B20 -a forum made up by companies from G20 countries– plays a key role as a liaison between governments and the economy. It is “an essential link between the real economy and the authorities that have regulatory powers over that economy,” says José Manuel González-Páramo, Executive Board Director of BBVA. Companies also act as drivers of economic growth and inclusion. For this reason, the B20 “is crucial at this point in time.”