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The Trump Account proposal is viewed by supporters as a gift for a good start in life: The federal government will provide a one-time payment of $1,000 to each child born in the U.S. According to the White House statement, these accounts “will afford a generation of children the chance to experience the miracle of compounded growth and set them on a course for prosperity from the very beginning.” The question before us is whether the Trump Accounts can reduce the wealth gap and increase the chances of individual economic success. Through a Latino lens, the details matter. The Trump…
Megaworld—the property arm of billionaire Andrew Tan’s Alliance Global—is doubling down on its tourism bet by developing a leisure complex in Batangas province, south of Manila. Dubbed Nascala Coast, Megaworld said it will invest 5 billion pesos ($113 million) over the next five years to transform the 116-hectare beachfront property into an integrated residential, leisure, tourism and commercial township. Nestled in the coastal town of Nasugbu, which is famous for its scenic beaches and mountains, is a popular tourism and leisure destination for those seeking outdoor adventures given its proximity to Manila, about 88 kilometers away. “More than just a…
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