Alain Poupaux, from the Paris suburbs, who has retired after a career in international insurance, feels there is a growing sense that Europe had done more for the world of finance than for the people. “If Brexit happens, it will be taken as a kind of warning to reform the European Union so it better reflects people’s interests. But I wonder if people will ultimately feel afraid to vote to leave Europe because they don’t know how it will go afterwards. In any case, the UK already has one foot outside Europe: you kept the pound, you’re not in Schengen. You’re already one step removed.” … [Read more...] about How Europeans see a vote for Brexit
Political economic freedom definition
The retail chain said 425 of its stores have been targeted, with many prominent South Africans also taking to social media to comment on the advert. Local media also reported that a group of people threw a petrol bomb into one of its stores in Emalahleni, a local municipality in the southern African country. … [Read more...] about Protests erupt in South Africa over controversial TRESemme ad featuring Black hair
The Fed is not changing its ultimate mandate, which is to balance price stability with maximum employment. But it has announced that it will no longer preemptively slow down the economy if the labour market begins to look tight and it will treat its 2% inflation target as an average. Given many years of low inflation, the Fed will now tolerate an equivalent period of higher inflation to make up for the difference. Fundamentally, the Fed is acknowledging that the bargaining power of labour is far lower than in the 1970s and the risk of an inflationary blowout remote. … [Read more...] about The world’s central banks are starting to experiment. But what comes next?
Finally, it needs to be stressed that in the name of diversity and inclusion Princeton has already made huge efforts to remedy under-representations by bureaucratic means, with the net result of more division and less tolerance for diverse points of view. With all the obvious intention of the President to meet the demands of the July 4 letter halfway, nothing will satisfy the so-called "social justice warriors" who wrote it but full proportional representation for their preferred groups in all aspects of university life. This, of course, could only come at the expense of the groups that are "over-represented" today. For instance, will Asian-Americans concede to lower their representation from over 25 percent to 5.6 percent? Can the president perform magic by producing equality of outcome, keeping peace and maintaining excellence at the same time? … [Read more...] about Princeton’s President Is Wrong. The University Is Not Systemically Racist | Opinion
With the coalition in tatters, the opposition Smer party, led by former prime minister Robert Fico, are widely expected to vote for the measure next time. Fico, who would like his old job back, has said he supported the bill on an ideological level but refused to help Radicova unless she promised either a radical cabinet reshuffle or fresh elections. With the latter now firmly on the cards, his party will almost certainly vote for the bailout. "Slovakia has to approve the fund," he said. … [Read more...] about Slovakia rejects multibillion euro bailout fund to deal with debt crisis