Why initiating Brexit by invoking the Lisbon Treaty's Article 50 could go into 2017, or even past 2020 into new general elections- (3) the inclusion of key "Leave" supporters in Theresa May's cabinet

08/16/2016

By including a key member of the "Leave" vote, Mr Boris Johnson, former Mayor of London, in the cabinet as Foreign Secretary, Theresa May has given herself a lot more flexibility in tackling the Brexit issue so that it does not hurt the British economy. It would be hard for a key cabinet member not to be part of the team position on issues, and for the team to ignore the Bank of England's role in steadying the economy. By making the issues important to working class people in Britain her priorities Theresa May also lays the ground for everyone in Britain to gain moving forward as the economy recovers.

Linked Articles

Wait and see: Theresa May is in no hurry on Brexit | Europe | DW.COM | 15.08.2016

DW.COM 08/15/2016

Bernd Riegert / Db

The New York Times 07/13/2016

Why initiating Brexit by invoking the Lisbon Treaty's Article 50 could go into 2017, or even past 2020 into new general elections- (1) the pro stay vote in Ireland and Scotland

08/16/2016

Theresa May, Britain's prime minister, is deeply committed to the idea of the union of England with Scotland and Ireland. Invoking Article 50 of Lisbon Treaty, a step necessary for Brexit, would also lead to Scotland's ruling Scottish National Party to initiate plans for a second referendum for Scottish independence, as Scotland votd to remain in the European Union. The issue of Ireland and Northern Ireland's vote to remain in the EU would also lead to serious repercussions. In short it will be hard to separate the leave vote in England from the stay vote in Scotland and Ireland, as it will be difficult for most British people to imagine a England without a British identity. If the referendum had asked the second question "Do you still vote leave if this means the end of Britain or the United Kingdom?" the vote could have turned out differently for nationalist voters.

Linked Articles

Wait and see: Theresa May is in no hurry on Brexit | Europe | DW.COM | 15.08.2016

DW.COM 08/15/2016

Bernd Riegert / Db

DW.COM 07/25/2016

Speaker Paul Ryan's House seat in Janesville, Wisconsin- improving economy in a U.S. midwestern factory town and the debate on trade, help for working class families

08/10/2016

The unemployment rate in Janesville, Wisconsin drops to 4.4% in May 2016, according to the Bureau of Labor Statistics. It was over 9% following the closing of the GM plant and the recession from the 2008 financial crisis. A working class town Janesville was hit hard by the closing of the GM plant in 2008. Amy Goldstein of the Washington Post describes the impact of losing about 5000 jobs at the GM plant, and the problems typical of most manufacturing dependent towns. Throughout the period since being first elected to Congress in 1998 Ryan has continued to be able to get elected on the basis of faith, family and public service, even though some of his policies may not have helped the poor and elderly or laid off workers. Ryan voted for rescuing the auto industry and worked hard to keep the GM plant, and listens to his constituents, and as the economy recovered by 2016 won easily in this old industrial midwestern town. His influence in national politics gives Janesville an opportunity to be heard, as it tackles problems common to many midwestern towns in the U.S.

Linked Articles

Could Paul Ryan’s ideas help his struggling home town? - The Washington Post

Washington Post 08/19/2012

Amy Goldstein, Amy, Goldstein

The Guardian 08/10/2016

David Smith

Goldman Sachs and U.S. regulators in 2015-2017- cutting risks in trading activity and private equity/hedge fund investments following the excessive leveraging of the 2008 financial crisis

08/04/2016

Stronger regulation takes shape through the efforts of Daniel Tarullo at the Federal Reserve and the LISSC. The situation with Goldman Sachs, one of the highly leveraged banks during the 2008 financial crisis still hoping to earn high profits with large trading activities.

Linked Articles

At Goldman Sachs, Stress Test Results Could Endanger an Important Profit Source

New York Times 03/08/2015

Nathaniel Popper, Nathaniel, Popper

WSJ 08/04/2016

Liz Hoffman

Donald Trump and the themes for the 2016 U.S. presidential election as seen at the Republican National Convention- law and order, and blue collar lives

07/22/2016

Linked Articles

Donald Trump positions himself as the voice of ‘the forgotten men and women’

Washington Post 07/22/2016

The Guardian 07/22/2016

Angela Merkel's leadership during the immigration and Brexit crises by July 2016- increasing support for the European Union in Germany and personal support up to 59 percent in Deutschland trending poll

07/08/2016

By offering "calm and composed" leadership during the Brexit crisis, and being flexible in dealing with genuine concerns about immigration in Germany, Merkel shows Europe a better way than fractious British, French or American politics during a critical period when good responsible leadership is missing.

Linked Articles

Poll: Brexit vote boosts support for EU in Germany | News | DW.COM | 08.07.2016

DW.COM 07/08/2016

Wall Street Journal 12/21/2015

Letters To The Editor, Letters, To, The, Editor

"Deaths of Despair", the causes and effects in a larger context, and the drop in America's ranking in the Social Progress Index to 19th in 2016

07/01/2016

How the middle aged white Americans 45-54 are faring in the current environment with fewer opportunities and greater vulnerabilities in health, education incomes, savings, quality of life, mortality, upward mobility, for this group. Tragically this means their children and the next generation is also affected in the way fewer opportunities are available in the future. The situation is unique to America with weaker social protection than Europe, and to Britain because of years of austerity. There are no quick fixes with easy slogans, and requires first a national awareness, national consensus, and may require the better part of a generation to solve and restore the hope and promise of Jefferson in making the "inalienable rights of life, liberty, and the pursuit of happiness" available to all.

Linked Articles

Rising Death Rates for Middle-Aged White Americans Are Forcing a Policy Rethink

WSJ 06/30/2016

WSJ 06/30/2016

Josh Zumbrun, Josh, Zumbrun

The pause in the U.S. economy with the May 2016 U.S. jobs report showing 38,000 jobs added

06/06/2016

Krugman discusses the U.S. May 2016 jobs report from the Labor Department. He says it will be harder to come up with a response to the political uncertainty in an election year, especially now that rates are near zero.

Linked Articles

Sharp Fall in U.S. Hiring Saps Chance of Fed Rate Increase in June

The New York Times 06/03/2016

The New York Times 06/06/2016

The 2016 Republican Convention rules requiring a majority of delegates to be the nominee and the prospect of a second or third ballot

04/21/2016

Linked Articles

Let’s Get This Straight About the Convention

Wall Street Journal 04/21/2016

Bill Brock, Bill, Brock, Bob Dole, Bob, Dole, Haley Barbour, Haley, Barbour

Wall Street Journal 04/21/2016

Karl Rove, Karl, Rove

The Trump campaign organizational and advertising effort financing falling way behind Hillary Clinton in April 2016, and behind Mitt Romney at this stage in April 2016

04/20/2016

Linked Articles

Trump’s Campaign Spending on the Rise

Wall Street Journal 04/22/2016

Rebecca Ballhaus, Rebecca, Ballhaus, Beth Reinhard, Beth, Reinhard

New York Times 04/20/2016

Holas Confessore, Holas, Confessore

The dangers in the Trump position of high tariffs for the U.S. and global economy- instead of higher growth consensus of estimates point to U.S. and global recession and layoffs

03/25/2016

Linked Articles

Five myths about trade - The Washington Post

Washington Post 04/10/2016

Jim Tankersley, Jim, Tankersley

Wall Street Journal 03/25/2016

Bob Davis, Bob, Davis

Donald Trump's proposal for 45% tariff on China's exports to the U.S.- how a policy of bringing jobs home could lead to the loss of 1 million U.S. jobs

03/08/2016

By damaging the international trading system including with allies such a Canada, Britain, France and Germany, the result of a downward spiral through higher tariffs in other countries, could end up costing the U.S. 1 million jobs. Under such a system the U.S. would lose many of the advantages of its booming tech sector, its tech driven global advantages in many industries, without signifcant gains in low cost imports such as clothing which would simply migrate to other countries such as India. The problem of worker wage stagnation in the U.S., and loss of jobs in certain sectors, is very real, but this is the wrong way to tackle the problem. China is already moving towards a consumer driven economy. Economists show that trade with Mexico would be seriously hurt both ways, creating more pressure of migrants at the border under such proposals as a 45% tariff and its indirect effect on Mexico, when the actual fact is that net migration from Mexico is the lowest it has ben in decades. Politics can do strange things as when two senators Smoot and Hawley from agricultural states Utah and Oregon, at the head of important committees in the U.S. Congress pushed and passed legislation for a 60% tariff in 1930 for the industrial sector they had no idea about. When Smoot and Hawley lost reelection in 1932 they left behind a lot of damage, especially for the farmers and workers they thought they were fighting for.

Linked Articles

How Trump’s Hard Line on Trade Could Backfire

Wall Street Journal 03/25/2016

Bob Davis, Bob, Davis

Wall Street Journal 03/08/2016

Holman W. Jenkins Jr., Holman, W., Jenkins, Jr.