Saturday, June 25, 2016

United Kingdom leaving the European Union seems so trendy

Image result for Stock react to Britain vote picture
Good news, the stock market
only fell 610 points 6/24/16.
The New Yorker/Borowitz Report/Andy Borowitz, 6/24/16, "British Lose Right to Claim That Americans Are Dumber." "Across the United Kingdom on Friday, Britons mourned their long-cherished right to claim that Americans were significantly dumber than they are. .... “This is a dark day,” he said. “But I hold out hope that, come November, Americans could become dumber than us once more.” (Alistair Dorrinson, a pub owner in North London.)  Read more.

CNN/Politics/UK Referendum/Doug Criss, 6/24/16. "5 reasons why Americans should care about Brexit."

1.  "It could hurt the economy. The UK is the world's fifth-largest economy and one of the United States' largest trading partners, so if it catches a cold, we may get a little sick, too. When the pound dropped to 30-year lows as the results came in and British stocks got pounded.  ...
2.  It may leave a less stable Europe.  Brexit could start a long line of dominoes to fall across Europe. ... .... In short, the U.S. could soon be dealing with a volatile and unstable Europe, a plight that makes everyone less safe.
3.  It puts stress on the 'special relationship'.  .... Remember, back in April, Obama said a successful Brexit would move Britain to the "back of the queue" when it came to trade deals with the United States.
Image result for Pacifica, CA picture
Is this like NIMBIES claiming
this City is "rural", and promoting
City disincorporation?
4.  Trump will go all in on immigration. ....  So expect Trump -- who was showing signs of moderating his positions somewhat -- to go full throttle on his immigration ideas, like building a wall with Mexico and his proposed Muslim ban.
5.  Travel to the UK will be cheaper. .... ... It'll be more of a hassle for Europeans to visit. Immigration lines will be more clogged due to the extra processing for EU citizens who would've previously enjoyed visa-free access."  Read article.

Reference, European Union (EU), About. "The European Union is a unique economic and political union between 28 European countries that together cover much of the continent. .... ...  a huge single market has been created and continues to develop towards its full potential. .... What began as a purely economic union has evolved into an organization spanning policy areas, from climate, environment and health to external relations and security, justice and migration." 

Related, UK.  BBC/EU Referendum/Mark Easton, 6/24/16, "Brexit: David Cameron to quit after UK votes to leave EU - BBC News." .... "The pound fell to its lowest level against the dollar since 1985 as the markets reacted to the results.  The currency slide halted when the Bank of England said it stood ready with £250bn of extra funding to ensure market stability. But the pound remains 8% down against the dollar, and 6% lower against the euro.  ....  The PM had urged the country to vote Remain but was defeated by 52% to 48% despite London, Scotland and Northern Ireland backing staying in. ....  Scottish First Minister Nicola Sturgeon said she was 'absolutely determined' to keep Scotland in the EU so a second Scottish independence referendum was now "highly likely".
US stock market.  USA Today/Nathan Bomey and Matt Krqantz, 6/24/16, "U.S. stocks hammered as Brexit shock rocks markets." "The U.S. stock market suffered its worst drop in 10 months Friday as shock over the United Kingdom voters' move to exit the European Union and Prime Minister David Cameron's subsequent resignation announcement sent global markets into a tailspin."

Note photographs. Stock Market plunge face page image link to The Daily Express, UK, 6/24/16, "Britan's bank and housebuilder stocks decimated amid market plunge."  North of Pacifica, CA south-west view from Lottie Kendall, Realtor (San Carlos).

Posted by Kathy Meeh

1 comment:

Anonymous said...

Well, if Hitler was alive he would be reliving his defeat of a EU. Long Live the Queen of England. Down with evil dictators.