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Archive for 26. Mai 2019

The Tories After Theresa May

Posted by hkarner - 26. Mai 2019

Date: 25-05-2019
Source: The Wall Street Journal By The Editorial Board

The next Prime Minister needs to deliver on Brexit, deal or no deal.

British Prime Minister Theresa May tears up as she makes a statement in Downing Street, May 24.

Prime Minister Theresa May finally gave up her dogged hold on power, announcing Friday that she’ll leave 10 Downing Street on June 7 after failing to deliver Britain’s departure from the European Union. Mrs. May never got much help from other Tories, but her failure means the next party leader will inherit an even tougher job than she did.

“It is, and will always remain, a matter of deep regret to me that I have not been able to deliver Brexit,” said Mrs. May, who famously declared “Brexit means Brexit” after she became the compromise choice of Tories when David Cameron resigned. Yet she never really believed it or at least never articulated a vision of a post-EU future for her great nation.

Instead she led from behind as a broker between Brussels and factions of the Conservative Party. In 2017 she called a snap election without a message other than attacking Labour leader Jeremy Corbyn, and the Tories lost their outright majority. Mrs. May spent her three years as PM making complicated political calculations to appease different groups—from Remainers to the pro-Brexit European Research Group—and ended up pleasing no one. Her pitch this week for a potential second Brexit referendum brought about a deserved end.

The question is whether her successor can unite the Tories enough to make a successful Brexit or watch their party divide and fall. The rise of Nigel Farage’s Brexit Party, predicted to win this week’s European Parliament elections, shows the biggest danger would be to give up on Brexit. A Conservative crackup could bring to power Mr. Corbyn, whose agenda of nationalization and confiscatory taxation could set back the British economy for a generation. Den Rest des Beitrags lesen »

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The language struggles of immigrants to America

Posted by hkarner - 26. Mai 2019

Date: 23-05-2019
Source: The Economist: Johnson

Forcing them to learn English can be counter-productive

Lev golinkin left Soviet Ukraine as a nine-year-old in 1990. With assistance from hias, a Jewish organisation that helps refugees, his family made its way to Indiana. In America, not having English felt “like having a massive stroke, only instead of being sent to the hospital and getting help you have to go out and get a job.” His experience suggests immigrants don’t have to be told how important it is to speak the language of a new country: they are more painfully aware of it than natives can ever know.

Yet they are often assumed to need coercion. On May 16th, for example, Donald Trump vowed to ensure that immigrants to America learn English and pass a civics exam before arriving. Den Rest des Beitrags lesen »

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The joys and pains of investing in a mature business cycle

Posted by hkarner - 26. Mai 2019

Date: 23-05-2019
Source: The Economist

Investors fear that a recession cannot be far off

In 14th-century Germany a heretical cult grew up around the figure of Frederick II, a dead emperor. Its adherents believed that the apocalypse was close at hand. “In all countries a hard time sets in,” is how a prophecy from the period begins. “Rapine and arson go hand in hand,” it continues. “Everyone is at everyone else’s throat. Everyone harms everyone else in his person and his belongings. There is nobody but has cause to lament.”

This is not the sort of language used in investment-bank research notes and hedge-fund letters, or by pundits on cnbc and Bloomberg News, however troubled the outlook might seem for financial markets. Yet there is a parallel between today’s market chatter and the prophecies of medieval cults. The millenarians believed they were living in the end times or “last days”; and so, in a way, do today’s investors. Much of the talk is of “late-cycle” market conditions—the kind that prevail after a long expansion, when economic slack is largely used up and assets are richly priced. Den Rest des Beitrags lesen »

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How to Live Better and Stop Destroying the Planet

Posted by hkarner - 26. Mai 2019

Date: 25-05-2019
Source: by Ana Paula Aguiar, Pernilla Malmer and Odirilwe Selomane

Ana Paula Aguiar is a research fellow at the Stockholm Resilience Centre and a senior researcher at the Brazilian Institute for Space Research (INPE).

Pernilla Malmer is Senior Adviser at SwedBio at the Stockholm Resilience Centre.

Odirilwe Selomane is a postdoctoral researcher at the Stockholm Resilience Centre and a fellow of the IPBES global assessment.

A recent United Nations-backed report highlighted the scale of destruction humans are inflicting on the natural world. To reverse these trends, humanity must transform its economic models and food system, treat the world’s oceans far better, and think carefully about the best ways to tackle climate change.

STOCKHOLM – Earlier this month, a bleak global assessment of the shocking state of life on Earth made headlines worldwide. According to the report by the Intergovernmental Science-Policy Platform on Biodiversity and Ecosystem Services (IPBES), about 12% of all known animal and plant species are now threatened with extinction. Worse still, humanity is destroying entire habitats, and with them the web of life that supports societies and economies. Unsurprisingly, the findings were greeted with despair. Den Rest des Beitrags lesen »

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