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New York Times Original article ›
LyrArc Article Gist
As the Brexit deal goes to a vote in Britain's parliament in January 2019, most experts expect an historic defeat. This report says the best prime minister Theresa May can do is to limit the size of the defeat in parliament, so that there is no political meltdown. Mr. May is trying to persuafe members of parliament to vote for her plan to avoid a disorderly exit from the EUropean Union on March 29, the last date for negotiations unless the date is extended. She is trying to show there is more support for her plan than no-deal Brexit, and for a second referendum. Yet members of parliament are moving to be decisive in voting against no-deal Brexit, seen as harmful to the British economy. The EUropean Union leaders meanwhile say a strong vote defeating May's plan would mean no more meaningful negotiations. A vote of more than 100 votes defeating the plan would be the first such vote since 1924. Labor MP's are gearing up for the vote, as are Tory members who dislike the "backstop" that is part of May's plan for Brexit- which would continue a free border as before between the two parts of Ireland. One Labor MP says she plans to delay her cesarean section for a baby by 2 days against medical advice just so she can personally vote in parliament. ...
DW.COM Original article ›
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This piece in the DW.com describes the error made by Andrea Leadsom in her interview with the Times, saying that she was better qualified than Theresa May for leadership of the Conservative Party and the post of prime minister because she had children. Leadsom's error was compounded by the comments made by May that she regretted being childless. The comments were in the media for days and led to negative perception of Ms. Leadsom. Leadsom called for a retraction by the Times but the Times had already recorded her comments, making the whole affair appear to be a mistake by Leadsom, even a  bit stupid. Leadsom's efforts to embellish her resume about investment banking experience had already raised questions.With Boris Johnson supporting Leadsom this has proved Johnson, Gove and other Brexit leaders as lacking credibility. Therea May is now left with the difficult task of negotiating Brexit, but at least says most of the European media and media in Germany, May is not a fanatic, and Brexit is in the hands of a responsible politician who never supported Brexit. ...
The New York Times Original article ›
DW.COM Original article ›
The New York Times Original article ›
LyrArc Article Gist
Theresa May becomes the only candidate for leadership of the Conservative Party after Ms Leadsom withdraws from the race. No leadership vote will no take place with Conservative Party members and no early general election is planned. May is expected to become prime minister of Britain by July 12, replacing David Cameron. Her theme is for "one Britain" and to do away with the rising inequality and gap between London and the rest of the country, which was part of the anxiety of voters who voted 52% for Brexit on issues of immigration burden on social and health services, national sovereignty, and a sense of ordinary people being neglected by elites in both parties. May will invoke Article 50 to leave the European Union and begin a 2 year period of negotiations only after she has developed a clear negotiating strategy. Kenneth Clarke, a Conservative Party cabinet minister called May a "bloody difficult woman," but this did not affect May, who said Mr Juncker of the EU was the one who would find this out in negotiations.  What is significant for Britain is May's moderate position coupled with a clear goal for removing some of the causes of the inequity in British society, which is needed for Britain to remain united. She called on companies like Amazon, Google and others to pay their fair share of taxes, and made clear her intent to strengthen the mechanisms for controlling executive pay. Also part of this strategy will be a more effective immigration control policy, which she did not implement vigorously as Home Secretary in the Cameron government, partly because of constraints set by EU membership. May made clear her agenda going forward by saying: "There is a growing divide between a more prosperous older generation and a struggling younger generation. And there is a gaping chasm between wealthy London and the rest of the country."  Changes May is supporting are to make executive pay rules to become binding not just advisory, and for employees and consumers to gain seats on company boards.  ...
The New York Times Original article ›
LyrArc Article Gist
U.S. president Obama called Libya and the policy of not following up on helping establish a stable democratic government in Libya his biggest mistake. Kristof of the NYT says people looking back would say Syria and not establishing safe zones is Obama's biggest mistake. He describes the 470,000 deaths in Syria as a huge tragedy that could have been avoided to a large extent by setting up safe zones. In addition the UN estimates that millions of refugees on a scale similar to the partition of India in 1947 were created.There is bipartisan opinion on this. Kristof cites General Cartwright's opinion in a conversation he had with Cartwright that this should have been done. Others who agree are Madeleine Albright, Bill Clinton's Secretary of State, who spoke at the Democratic Convention about how America helped change her life as a young refugee after Russia's invasion of Czechoslovakia following Prague Spring. Albright says force should be used carefully so as not to aggravate the situation but action taken where needed, something that was done successfully under Bill Clinton in the Bosnian conflict following Serbia's ethnic cleansing policy under Milosevic. Not only that, with the diplomacy of ambassador Holbrooke Clinton was able to negotiate the peace accords that hold till today- a huge achievement.  Kori Schake, director of defense strategy in the George W. Bush White House also agrees. This would have improved U.S. relations with Turkey as this was a key Turkish request. And it would have reduced the dimensions of the refugee crisis in Europe, which has hurt the European Union. The Brexit "No" vote many in Britain have attributed to ads showing refugees in endless numbers streaming across Europe's borders. Similar ads were used in Austria's elections. Kristof points out that Secretary of State Kerry's job of negotiating a peace is difficult in these conditions. Another issue raised by Kristof is the lack of Obama's leadership in helping the refugees in Jordan, Lebanon and Turkey, as he points out only 41% of this is funded. David Miliband former British Foreign Secretary, who heads the International Rescue Committee , says 200,000 Syrian kids are growing up in Lebanon without an education. George Washington counseled against getting involved in the wars on the European continent for a young nation, this advice was not followed in the Reagan and other administrations without showing the carefulness needed before action is taken. As Hillary Clinton has once pointed out the situation has resembled a pendulum swinging in the other direction under president Obama, and former Defense Secretary, Panetta, has expressed similar views. Hillary Clinton and Leon Panetta, Gates, Gen. Jones, served in the first term of the Obama administration, many of these mistakes were made in the second term by president Obama and his White House advisors Dennis McDonough, Valerie Jarrett who clearly lacked the deep foreign policy experience of Hillary Clinton, Leon Panetta (who served under Bill Clinton), and Gates who served under many presidents). ...
WSJ Original article ›
LyrArc Article Gist
As the first day of talks happens in Brussels between Barnier of the EU and Davis of Britain, EU officials say Britain must meet spending pledges it made of 60 billion euros. Britain says there are different legal views on what is owed. Experts see little chance the two sides can reach an agreement by the deadline of March 2019. With the fragile coalition government in Britain talks appear to be very precarious with no clear view what Brexit means.

WSJ Original article ›
LyrArc Article Gist
In a speech at the Conservative Party Fall conference British prime minister Theresa May positions her party as an advocate for the working class against establishment views. She was critical of smug views that the current situation was acceptable for working class families concerned about immigration and jobs. She also pointed out that the policies of central banks including the Bank of England hurt working class families and savers." She pointed out the development that has also happened in the U.S. economy and other European countries as the Federal Reserve and the ECB cut rates to near zero. "People with assets have got richer. People without them have suffered. People with mortgages have found their debts cheaper. People with savings have found themselves poorer." Her response she said would be to "put the government at the service of those who found themselves poorer as a result of monetary policy." This follows May's first speech at 10 Downing Street where she referred to "the burning injustice."  ...
BBC News Original article ›
The Times Original article ›
LyrArc Article Gist
Britain's new prime minister, Boris Johnson, asks the EU to scrap the Irish backstop. The so-called  Irish backstop was designed to help preserve the fragile peace in Northern Ireland and keep the border with Ireland open. The Irish prime minister Varadkar has insisted on this part of the previously negotiated Brexit deal under Theresa May.

Angela Merkel's policy spokesperson in the Bundestag, the GErman parliament, says it is "impossible" that this would be taken out of any withdrawal agreement. 

Mr. Johnson also said that Remainer Tory MP's efforts to use parliament to stop a no-deal Brexit, something brought up by Mr. Varadkar in his talk with Johnson, would not be allowed to stop Britain leaving the European Union on October 31st. This is what he will tell Merkel in an upcoming meeting.

The Economist Original article ›
LyrArc Article Gist
The win by Sinn Fein in recent Irish elections brings Ireland one step closer to reunification. A new generation does not have the memories of conflicts settled by the peace accords. Northern Ireland is also less Protestant than it was when it remained in the UK after Irish independence.  The election sidelined the old parties and was based on local issues such as housing and inequality.  Northern Ireland like Scotland voted to remain in the European Union in the Brexit referendum. Britain under Boris Johnson will face calls for referendums for independence from Scotland and Northern Ireland.

DW.COM Original article ›
LyrArc Article Gist
Brexit Leave was only supported by a minority of Northern Ireland voters, only 44%. British prime minister May insists that the open borders established through the 1998 Good Friday Agreement will be maintained between Northern Ireland and Ireland. May met with Northern Ireland's leader, Martin McGuiness, following a meeting with Scotland's SNP leader Nicola Sturgeon, to assure other parts of the UK that opposed "Leave" that their views will be respected. May says the union is very important to her, and says about the  border- "We had a common travel area between the UK and the Republic of Ireland many years before either country was a member of the European Union. Nobody wants to return to the borders of the past."

WSJ Original article ›
The New York Times Original article ›
LyrArc Article Gist
Osipova and Castle provide details about the personal life of Theresa May, the new British prime minister. May was only 25 when her father died in a car crash and her mother died soon after from multiple sclerosis. This has made her come closer to her husband Philip whom she met at Oxford, where they bonded over a love of cricket and debates at the university. She was interested in Tory politics from a young age, but has her own style of hard work and dislikes the chumocracy in British Conservative Party politics that prevailed under David Cameron. Unlike Cameron who was brash and confident to the point of making bold moves such as the decision to call a referendum as election year politics and did not consider carefully the impact of the austerity programs on Britain's working class; May is thoughtful and has been critical of the long period of deficit cutting austerity under Cameron and Osborne. She loves cooking and has a library of over 100 cookbooks, loves clothes and is carefully dressed for each event. Her matter of fact way to get on with it also has to do with her response to diabetes, with 4 injections a day her thought is "to just deal with it." She and her husband worked in investment banking, before her election as MP from Maidenhead, a constituency near London, on the third attempt. In an interview with the Daily Telegraph she has described the woman she is often compared to, Angela Merkel of Germany, as someone who doesn't get enough appreciaton. For May Merkel has actually achieved something significant by "steering Germany through a difficult time," and with her negotiation abilities during the eurozone crisis proved her resourcefulness, "hats off to her," says May. ...
WSJ Original article ›
LyrArc Article Gist
Everything one needs to know about Brexit. Most questions are answered here during the last minute negotiations on December 14, 2020, in a desperate effort by both sides knowing that no one is going to budge. The effort now is to say look this is going to hurt both sides during a pandemic, the public is going to be angry with the politicians one more time, which will hurt all sides. Britain joined the European Union in 1973 with Ireland and Denmark.

Britain has left the EU legally and politically. It is in a transition period till Jan 1, 2021 by which time the remaining questions on trade, on economic relations and security need to be resolved. This covers $800 billion in trade between Britain and the EU. If nothing happens to settle these issues Britain after Jan. 1 will no longer be part of the EU single market or its customs union. 

WSJ Original article ›
LyrArc Article Gist
Brexit and Scotland's referendum both have similar consequences economically for Britain and Scotland. This hurts both countries in unwinding relationships built over many years, unwinding 44 year membership for Britain, and 310 year union for Scotland. Britain exports to EU are 45% of total exports, and for Scotland the number is 63% for exports to the rest of the UK.  Scots benefit about 1200 British pounds more for average citizen than a average citizen of UK, and pay 400 pounds less to the government. Scotland would start with a 90% debt to GDP ratio if it takes a proportionate share of UK government debt from the beginning of independence. Fidler correctly points out the economic risks to Britain and Scotland which are being ignored or not fully taken into account by politicians.

The Times Original article ›
LyrArc Article Gist
This interview in the Times with Boris Johnson's father Stanley Johnson, provides some glimpses of life in the family, and where Boris Johnson comes from. Stanley Johnson is a writer who has also worked in other careers including the World Bank and Brussels EU office. Stanley has a book out on the virus. He is interviewed at the family home in rural Somerset. Boris Johnson must have experienced many moves as Stanley Johnson moved many times during periods when he switched careers. From 1974 to 1979 Stanley Johnson was head of the Pollution Division at the European Commission. From 1979 to 1984 he represented Britain at the European Parliament for Wight and Hampshire East. Writing and the classics remain a passion within the family with Stanley and Boris both educated at Oxford.  Boris read Classics at Balliol College, Oxford, and was president of Oxford Union 1986. He started his career in journalism with The Times, later becoming the Brussels correspondent of the Daily Telegraph, and for 1994-99 as Assistant Editor. It is at the Daily Telegraph that Boris Johnson set the tone for eurosceptic sentiment that later turned into Brexit. His father Stanley had earlier in written a column for the Guardian, though he wrote on topics related to the environment. Stanley stood for the Remain campaign during the Referendum on Brexit. He later switched sides, supporting his son Boris Johnson. Another note to the family's time in Brussels- Boris actually attended the European school in Brussels. This gave Boris a closer insight into Brussels than would otherwise appear.  ...
BBC News Original article ›
LyrArc Article Gist
The Brexit timetable for votes in the British parliament are now as follows- March 12, Tuesday - parliament will vote on Mrs. May's deal negotiated with the EU Likely result is rejection say experts March 13, Wednesday- parliament will vote on no-deal Brexit, meaning leave the European Union without a negotiated deal on future relations Likely result is rejection say experts. Across party lines everyone except a small minority of right wing MP's fear this option. March 14, Thursday - parliament votes on asking for an extension of the deadline of March 29 Likely result yes vote say experts. Why all the votes one may ask. It is designed to please various factions in the Conservative party and its allies who favor different and contrary positions, something that Mrs. May has undertaken to do even though there appears to be no likely resolution except to turn back to voters in a general election or a second referendum. It has only accomplished one thing if one looks at the commentary in the BBC and The Times, The Guardian- make Mrs. May more unpopular than before. ...
DW.COM Original article ›
LyrArc Article Gist
German views on Trump's economic policies are described by DW.com's Jeffrey Michels. German business sees a Trump presidency increasing the uncertainty affecting the global economy, a kind of second hit after the hit from Brexit. There is concern about the $114 billion euros in exports made by Germany to the U.S., because of Trump's increasingly protectionist policies. Trump could move to the centre, but so far these populist policies have helped Trump win in the primaries, and this is unlikely to change in the election campaign,  says DW.com.  Trump opposes the TTIP trade agreement with European Union, and because of opposition in Germany, these negotiations are likely to flounder. Even under a Clinton presidency there is little support for more trade agreements, and economist Krugman points out that most of the gains from free trade have already been made. 

The New York Times Original article ›
DW.COM Original article ›
The New York Times Original article ›
The New York Times Original article ›
The New York Times Original article ›
DW.COM Original article ›
LyrArc Article Gist
German investor confidence has significantly recovered in August following the drop after Brexit. The German Investor Confidence Index by ZEW economic institute gained 7 points showing a level above zero that indicates optimism among 214 German institutional investors and analysts. This indicates a rise in business confidence following an earlier pessimistic outlook following Brexit vote. 


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