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How Britain Changed Over 14 Years of Conservative RuleSince Britain’s Conservative Party took power 14 years ago, most things have not gone the way it planned. The Economy Has StagnatedAverage productivity growth has declined since 2010…0.0% 0.5% 1.0% 2.0% 2010 2015 2017 2019 2024 Source: Office for National Statistics. 2010 2015 2017 2019 2024 Source: N.H.S. 50% 60% 70% 80% 2010 2015 2017 2019 2024 Source: N.H.S. 2010 2015 2017 2019 2024 Source: Trussell Trust … and thousands more people are sleeping on the streets than in 2010.
Persons: Conservatives ’, England …, Boris Johnson, , Hong Kongers, Rishi Sunak Organizations: Conservative, Britain’s Conservative Party, Conservatives, Local, gov, Conservative Party, European Union, National Health Service, National Statistics, Institute for Public Policy Research, Public Services, Labour, Commons, Department, Loans Company, Higher Education Statistics, YouGov Locations: Britain, Thursday’s, Germany, United States, London, Ukraine, England, Rwanda, United Kingdom
Jill Biden — the president's wife of 47 years — responded to criticism of her husband's age at a Manhatten fundraiser on Friday, saying the 81-year-old is "not a young man." "When he gets knocked down, Joe gets back up, and that's what we're doing today," Jill said, according to The Washington Post. Jill Biden has always publicly supported the president. However, she added that Jill and the wider Biden camp's unwavering support could be more harmful than helpful. She said this mindset extends to the Democratic party, adding that many will automatically support Biden because of a "genuine fear" that the party doesn't stand a chance with a replacement nominee.
Persons: , Jill Biden —, Joe, Jill, he's, Michael LaRosa, Biden, Margaret Thatcher, Neil Kinnock, LaRosa, Katie Rogers, Jill Biden, Megan Varner, Hillary Clinton, Rogers, Andrew Payne, Mrs Biden, Nadia Hilliard, Hilliard, Joe Biden, Justin Sullivan, Jen O'Malley Dillon, Biden's, Quentin Fulks, Payne Organizations: Service, The Washington, Business, Vogue, New York Times, United Kingdom Labour, Times, Business Insider, The New York Times, City University of London, University College London, UCL, Democratic, Trump
Tightness in labor markets is boosting the use case of robotics, Morgan Stanley says, predicting a boom in humanoids — or robots in human form. "Advancements in AI are transforming the robotics industry," Morgan Stanley analysts said in a June 26 report called: "Humanoids: Investment Implications of Embodied AI." The bank forecasts a humanoid population of 40,000 by 2030, 8 million by 2040 and 63 million by 2050. Morgan Stanley is not alone in its bullish stance on humanoids. Still, Morgan Stanley outlined a number of sectors set to potentially benefit from humanoids, with social care likely to be the largest total addressable market.
Persons: Morgan Stanley, it's, Elon Musk, Morgan Stanley's, , Michael Bloom, Lora Kolodny Organizations: Labor, Morgan Locations: China, United States, Asia, Europe
Read previewA growing number of young people globally are struggling to stay in work or school. "They are searching for places where they can be true to themselves, where mental health is not looked down upon but helped, and where working sometimes from home or a coffee shop is possible." AdvertisementRather than jump on the first opportunities that come along, voluntary NEETs are holding back for the right job. Better guidanceOther career experts agreed that development should start early so students understand the variety of different paths available to them. Experts remain divided over how to address the rise in NEETs, in part because no solution would work for all.
Persons: , Louis, there's, Sen, Tim Kaine, who's, Nezih Allioglu, Michaela Wright, Friederike Fabritius, Fabritius, Fabritus, Kleeman Organizations: Service, International Labour Organization, Louis Federal Reserve's Institute for Economic Equity, Business, European Commission, Young Enterprise, Governance Association, New Workforce, Prince's, Labour Force Survey, Sustainability, HSBC UK, Google, Deloitte, WSJ Locations: NEETs, NEETS
Keir Starmer, the leader of Britain’s Labour Party, nodded sympathetically as a young mother recalled, in harrowing terms, how she had watched closed-circuit television footage of the fatal stabbing of her 21-year-old son, whose heart was pierced with a single blow. “Thank you for that,” a somber Mr. Starmer said to the woman and other relatives of victims of knife attacks, as they stood around a wooden table last week, discussing ways to combat violent crime. “It’s really, really powerful.”It was not the most feel-good campaign event for a candidate the week before an election that his opposition party is widely expected to win. But it was entirely in character for Mr. Starmer, a 61-year-old former human rights lawyer who still behaves less like a politician than a prosecutor bringing a case. Earnest, intense, practical and not brimming with charisma, Mr. Starmer finds himself on the cusp of a potential landslide victory without the star power that marked previous British leaders on the doorstep of power, whether Margaret Thatcher, the 1980s free-market champion, or Tony Blair, the avatar of “Cool Britannia.”
Persons: Keir Starmer, nodded, Starmer, “ It’s, Margaret Thatcher, Tony Blair, Organizations: Britain’s Labour Party
Klaus Vedfelt | Digitalvision | Getty ImagesAlthough the unemployment rate has spent 30 months at or below below 4% — a near record — not everyone who wants a job has one. Others, alternatively, are well-qualified but often younger candidates who are struggling to find positions, comprising a contingent of "new unemployables," according to a recent report by Korn Ferry. 'NEETS' feel 'left out and left behind'Still, some young adults in the U.S. are neither working nor learning new skills. In 2023, about 11.2% of young adults ages 15 to 24 in the U.S. were considered as NEETs, according to the International Labour Organization. In other words, roughly one in 10 young people are "being left out and left behind in many ways," Bustamante said.
Persons: Klaus Vedfelt, Korn, Alí Bustamante, Bustamante, that's, Biden's, Julia Pollak, Pollak, David Ellis, Korn Ferry Organizations: Digitalvision, Worker Power, Economic Security, Roosevelt Institute, U.S . Bureau of Labor Statistics, International Labour Organization, Finance, Here's, Trump, Employers, National Association of Colleges Locations: New York City, U.S
How Britain’s political parties got their colors
  + stars: | 2024-07-01 | by ( Oscar Holland | ) edition.cnn.com   time to read: +6 min
While these are the only two parties with a realistic chance of winning the election, other smaller parties across the British political system offer a veritable kaleidoscope of differing — and sometimes duplicate — colours. The Liberal Democrats (orange), and Reform UK (turquoise) and the Green Party (you guessed it), are all vying for votes. Labour Party leader Keir Starmer during the launching of Labour Party election manifesto, in Manchester, on June 13, 2024. Among the smaller parties, color choices have sometimes been relatively straightforward – the Green Party uses green, unsurprisingly, due to its obvious connections with environmentalism. Ed Davey, leader of the Liberal Democrats, during an election campaign visit in Frome, UK, on May 30, 2024.
Persons: Sinn Féin, Dominic Wring, Rishi Sunak, Jeff J Mitchell, , Keir Starmer, Oli Scarff, Liberal Democrats —, Ed Davey, Hollie Adams Organizations: CNN, Labour, Liberal Democrats, Reform, Green Party, Scottish National Party, Northern, Wales ’ Plaid Cymru, UK’s Loughborough University . British, British, British Union of Fascists, Labour Party, Getty, Conservative Party, Liberal Party, Social Democratic Party, Lib, Bloomberg, UK Independence Party, Christian Democrats, Marijuana Party of Canada, Republicans Locations: Edinburgh, Scotland, Britain, British Union, Manchester, AFP, Frome, UK, Europe
Keir Starmer ready to change the country, Labour's Ashworth says
  + stars: | 2024-07-01 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailKeir Starmer ready to change the country, Labour's Ashworth saysLabour Party's Shadow Paymaster General Jonathan Ashworth says UK voters are "yearning for change" as the country prepares to head to the polls.
Persons: Keir Starmer, Labour's Ashworth, Jonathan Ashworth
Data from flight tracker FlightAware shows WestJet on Sunday had canceled at least 343 flights, constituting 77% of its fleet. The airline’s regional subsidiary, WestJet Encore, has canceled at least 80 flights. At Calgary International Airport, 42% of outbound flights and 40% of inbound flights have been canceled. But in an update to members on Sunday shared with CNN, the union announced the industrial relations board ruled the strike was lawful, as the board continues to mediate negotiations. The industrial relations board has not responded to CNN’s request for comment.
Persons: Canada’s, WestJet’s, , WestJet, Organizations: New, New York CNN, Labor, Aircraft Mechanics Fraternal Association, CNN, Labour, Canada Industrial Relations, Sunday, Calgary International Airport, Toronto Pearson, Edmonton, Locations: New York, WestJet, Canada, Vancouver
Opinion | The Ghastly vs. the Ghostly
  + stars: | 2024-06-29 | by ( Maureen Dowd | ) www.nytimes.com   time to read: +1 min
He has created a reality distortion field where we’re told not to believe what we’ve plainly seen. He says he’s doing this for us, but he’s really doing it for himself. In his misguided quest for a second term that would end when he’s 86, he has succumbed to behavior redolent of Trump. He was hailed then as a leading orator of the Democratic Party, even though he could be windy. We looked at each other in silence — struck by the weight of the moment — then went our separate ways to the same news conference.
Persons: we’re, he’s, I’m, Donald Trump, Joe Biden, Biden, Neil Kinnock, Robert F, Kennedy, Hubert Humphrey, Organizations: Democratic Party, British Labour, Biden Locations: Washington, Trump
Their wages have failed to keep up with the surge in the cost of living, and many said they were living paycheck to paycheck. Mr. Kehoe, 26, serves food in the hospital. On Thursday, the day of Britain’s general election, he plans to vote for the center-left Labour Party because of the economic situation and the crumbling state of the National Health Service, he said. Thinking of the life that his parents built on salaries earned as a nurse and a truck driver, Mr. Kehoe says that young people have been left with far worse prospects after 14 years of a Conservative-led government. “If you go back 30 years ago, houses were a bit more affordable, life was a little bit easier,” he said.
Persons: Liam Kehoe, Kehoe, Organizations: Royal Liverpool University Hospital, Labour Party, National Health Service, Conservative Locations: British
US stocks rose Friday as traders took in new inflation data from the Fed's preferred price gauge. PCE inflation cooled to 2.6% last month, the lowest pace of price growth in three years. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementUS stocks jumped on Friday as traders took in fresh inflation data, which showed price pressures continuing to cool off in May. Here's where US indexes stood shortly after the 9:30 a.m. opening bell on Friday:AdvertisementIn commodities, bonds, and crypto:
Persons: , Seema Shah Organizations: Service, Treasury, Federal, Asset Management, Nasdaq, Nvidia Locations: PCE, Here's
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailUK's electoral system 'forces the Labour party to look after the median voter,' analyst saysCarsten Nickel, managing director at Teneo, discusses the latest developments in the U.K. election campaign with CNBC.
Persons: Carsten Nickel Organizations: Labour, CNBC
Some young people are choosing to be NEET to focus on mental health and values. Waiting for the right career can boost mental wellbeing and reduce stress, a psychologist says. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . This story is available exclusively to Business Insider subscribers.
Persons: Organizations: Service, International Labour Organization, Business
Nearly 20 years ago, a wry young human rights lawyer, Keir Starmer, told a documentary filmmaker that it had struck him as “odd” to receive the title of Queen’s Counsel, “since I often used to propose the abolition of the monarchy.”Mr. Starmer, now the leader of Britain’s Labour Party, has long since disavowed his anti-monarchy statements as youthful indiscretions. In 2014, he knelt before Charles, then the Prince of Wales, who tapped him on the shoulder with a sword and awarded him a knighthood. If Sir Keir Starmer is swept into 10 Downing Street in the general election next week, as polls suggest he will be, he may end up more politically in sync with Charles then the last two Conservative prime ministers, Rishi Sunak and Liz Truss, whose terms have overlapped with the king’s reign. On issues including climate change, housing, immigration and Britain’s relations with the European Union, experts say, Mr. Starmer is likely to find common ground with a king who holds longstanding, often fervent, views on those issues but is constitutionally barred from taking any role in politics.
Persons: Keir Starmer, Mr, Starmer, Charles, Prince of Wales, Sir Keir Starmer, Charles then, Rishi Sunak, Liz Truss Organizations: Britain’s Labour Party, Conservative, European Union
Learn moreThe July 4 UK election draws ever closer, and tonight's final televised debate between the two party leaders could be essential viewing. If you want to know how to watch the UK election debate online between Rishi Sunak (Prime Minister, Conservative Party) and Keir Starmer (Labour Party leader), we can get you ready in just a few clicks. How to watch UK election debate: quick links UK: BBC1 (FREE)BBC1 (FREE) Access the BBC from outside of the UK with ExpressVPN (try risk-free for 30 days)ExpressVPN (try risk-free for 30 days) When: Today, 3:15 p.m. ET / 8:15 p.m. BST / 9:15 p.m. CEST / 3:15 a.m. AWSTHow to watch UK election debate from outside the UKIf you're outside the UK right now, chances are the UK election debate isn't being broadcast on your local news channels. How to watch the Sunak vs. Starmer with a VPNSign up for a VPN if you don't have one.
Persons: Rishi Sunak, Keir Starmer, Laura Kuenssberg, Clive Myrie, ExpressVPN Organizations: Business, Conservative Party, Labour Party, BBC, CNN, BBC1, ExpressVPN
Risk sentiment was also capped as hawkish comments from Federal Reserve officials kept near-term U.S. rate cut expectations in check in a boost to the dollar. The comments along with data showing a stable housing market kept expectations in check over when and by how much the Fed will cut rates. Markets are pricing in 47 basis points of easing this year, with a rate cut in September pegged at 66% probability, CME FedWatch tool showed. In the currency market, the dollar index , which measures the U.S. unit against six peers, was steady at 105.64, while the euro was at $1.0715. The yen touched a 34-year low of 160.245 per dollar on April 29, prompting Tokyo to spend roughly 9.8 trillion in late April and early May to support the currency.
Persons: Androniki, Lisa Cook, Cook, Michelle Bowman, Selena Ling, OCBC, OCBC's Ling, Shri Navaratnam Organizations: Nikkei, REUTERS, Federal Reserve, . Federal, Reuters, Bank of Japan's, Brent, U.S, West Texas, Thomson Locations: Tokyo, Japan, SINGAPORE, U.S, Asia, Pacific
In France, a snap National Assembly election has delivered a distressing first-round victory for Marine Le Pen, long the bête noire of European liberalism, and a humiliating defeat for President Emmanuel Macron, almost a caricature of the continental elite. At present, the British elections appear set to deliver for Labour the most thumping victory any party has achieved in any mature democracy for at least a generation. Some suggest a 4-to-1 margin is plausible, and Conservative efforts to warn voters of a coming left-wing supermajority appear to have backfired, making them instead much more likely to support Labour. (And the party is expected to only win about 40 percent of the national vote in a low-turnout election.) But after 14 years of Tory government, a 3-to-1 or 4-to-1 Labour Parliament would still be a truly historic shift.
Persons: Emmanuel Macron, Keir Starmer Organizations: Labour, Tories Locations: France, Britain
In the 1960s, there were six people of working age for every retired person, according to the World Economic Forum. “What you’re seeing is increased spending on programs like Medicare and Social Security as the baby boomers are aging into those programs. And then of course, fewer workers relative to the number of people who are receiving Social Security and Medicare benefits,” said Dahl. Social Security payments still provide about 90% of income for more than a quarter of older adults in the United States, according to Social Security Agency surveys. But without intervention, the Social Security trust fund will be depleted by the mid-2030s, meaning that only a portion of retirees’ expected benefits will be paid out.
Persons: it’s, Louis, Simona Paravani, , Elon Musk, Kimberly, Clark, Mark Schneider, he’s, Emmanuel Macron, Donald Trump, Molly Dahl, Dahl, Eric Schmidt, ” Schmidt, Goldman Sachs, Stefano Scarpetta, Li Qiang, Juliana Liu, Joyce Jiang, Li, China’s, Xi Jinping, Biden, Max Prosecutors, haven’t, Max, Read Organizations: London CNN, Organisation for Economic Co, Development, Economic, Federal Reserve Bank of St, BlackRock, Disease Control, Congressional Budget Office, CBO, Social Security, Social, Social Security Agency, Google, Summit, Federal Reserve Bank of Richmond, OECD, ” Companies, West Chinese, CNN, EV, Prosecutors, Boeing, Max, US Justice Department, Alaska Air, Justice Department, Federal Aviation Administration Locations: Chad, Niger, Somalia, Samoa, Tonga, Tajikistan, United States, London, China, Beijing, Dalian, Canada, Beijing’s “
How Support for Britain’s Conservative Party is Collapsing2024 polls suggest the Conservatives may lose most of their seats. Most Conservative voters plan to vote for somebody else 2019 election 2024 election polling Fewer than half of Conservative voters say they are sticking with the party. 3% Other Most Conservative voters plan to vote for somebody else 2019 election 2024 election polling Fewer than half of Conservative voters say they are sticking with the party. 3% Other Most Conservative voters plan to vote for somebody else 2019 election 2024 election polling Fewer than half of Conservative voters say they are sticking with the party. How party support has changed since the 2019 election Conservative party Conservative support has dropped across the board, even among older voters who formed their base.
Persons: Mori, Ipsos Mori, Survation YouGov Ipsos Mori, Nigel Farage, Rishi Sunak’s, Liz Truss, David Cameron, pollsters, , Keir Starmer, It’s, Starmer, Boris Johnson, Farage, , Will Jennings, ” Mr, Jennings Organizations: Britain’s Conservative Party, Conservatives, Labour, Conservative, Health, Crime Defense, Housing Education Education Brexit Defense, Welfare, National Health Service, Liberal Democrats, Greens, Conservative Party, Bristol Central, Green, Labour Conservatives S.N.P, Dems, Greens Plaid Cymru Reform, Northern Ireland, Northern, Brexit, University of Southampton, Locations: British, Britain, YouGov, Russia, Europe, Britain’s, Israel, Gaza, England, Northern Ireland, Midlands, England's, London
The S&P 500 alone has generated an average return of 7% during presidential election years since 1952, according to LPL Financial. If you limit that to election years in which the incumbent president is running for reelection, the average jumps to 12.2%. Yes, but: Market volatility in an election year tends to pick up in October and there are many months left in this cycle with potential surprises to come. “An autumn pullback fits well time wise with potential downside earnings revisions, make-or-break decision time for the Fed, and election uncertainty. The first round of the French election will be held on June 30, with a second round on July 7.
Persons: Goldman Sachs —, Ed Clissold, Ned Davis, they’re, It’s, Goldman Sachs ’ Scott Rubner, , , Mark Hackett, Scott Chronert, Goldman Sachs, Joe Biden, Donald Trump, Jim Reid, There’s, Emmanuel Macron, Katie Nixon, Chris Isidore ., they’ve, Samantha Murphy Kelly, ChatGPT —, Siri —, OpenAI, Siri, ChatGPT, hasn’t, Organizations: London CNN — Traders, Investors, White, Ned, Ned Davis Research, Nasdaq, Citigroup, Goldman, Barclays, Deutsche Bank, UBS, Deutsche, Fed, United, Labour Party, Renaissance, Northern Trust Wealth Management, Alaska Airlines, Alaska —, Southwest —, Southwest, Railway Labor, Apple, Apple Intelligence, Microsoft, Google, Meta, Samsung, Cyberspace Administration, Wall, IDC Locations: United States, France, , Alaska, China
Barring a major shock, Labour leader Keir Starmer will be the person walking through the famous black door of 10 Downing Street in less than three weeks’ time. His parents were political, naming their eldest after the first Labour leader in parliament, Keir Hardie. “He’s the first Labour leader in a generation to talk about class and snobbery,” Tom Baldwin, author of “Keir Starmer: The Biography,” told CNN. Jeremy Corbyn, then the Labour leader, made Starmer his Brexit chief following the 2016 referendum. Starmer, left, and then-Labour leader Jeremy Corbyn talk to the media at the EU Commission headquarters on March 21, 2019 in Brussels, Belgium.
Persons: Rishi Sunak, Conservative Party –, , Keir Starmer, Starmer, John Stillwell, Keir Hardie, , ” Tom Baldwin, “ Keir Starmer, , , ” Baldwin, Jeremy Corbyn, Corbyn, Osama bin Laden, Thierry Monasse, Boris Johnson, James Schneider, Dominic Grieve, ” Grieve, Grieve, ” Starmer, Stefan Rousseau Organizations: CNN, Conservative Party, Labour Party, Labour, Downing, Great, Great British Energy, European Union, Public Prosecutions, Crown, Service of, Wales –, University of Leeds, University of Oxford, NATO, EU, Conservative, Conservatives Locations: Britain, Great British, Service of England, London, Brussels, Belgium, Lancing, West Sussex
CNN —Nigel Farage, a figurehead of the UK’s populist right, has sparked outrage from political opponents after saying the West “provoked” Russia’s invasion of Ukraine. “We’ve provoked this war – of course it’s his fault – he’s used what we’ve done as an excuse,” he said. Farage – a former EU parliamentarian – claimed to be “the only person in British politics” to predict the invasion of Ukraine. “I am one of the few figures that have been consistent & honest about the war with Russia,” he wrote. He added that Farage has “shown that he would rather lick Vladimir Putin’s boot than stand up for the people of Ukraine.”
Persons: Nigel Farage, , Farage –, Brexit –, Farage, Putin, Nick Robinson, “ We’ve, , , “ Putin, Rishi Sunak, ” James, Ben Wallace, John Healey, Vladimir Organizations: CNN, BBC, NATO, European Union, , Conservative, Labour Locations: Ukraine, Brexit, EU, Russia,
How Britain’s Labour Party Became Electable Again
  + stars: | 2024-06-21 | by ( Mark Landler | ) www.nytimes.com   time to read: +1 min
Two weeks before an election that is expected to catapult him into 10 Downing Street, the leader of Britain’s Labour Party, Keir Starmer, is tiptoeing on the campaign trail, the latest practitioner of the “Ming vase strategy.”The phrase, which refers to a politician gingerly avoiding slips to protect a lead in the polls, is credited to Roy Jenkins, a more freewheeling British politician, who likened a previous Labour candidate, Tony Blair, on the eve of his 1997 landslide, to a man “carrying a priceless Ming vase across a highly polished floor.”In truth, Mr. Starmer has been carrying the vase for a lot longer than this six-week campaign. He has nursed his party’s double-digit polling lead for more than 18 months, methodically repositioning Labour as a credible center-left alternative to the divided, erratic, sometimes extremist Conservatives. It’s the culmination of an extraordinary four-year project, in which Mr. Starmer, 61, purged his left-wing predecessor, Jeremy Corbyn, and his loyalists; went after the anti-Semitism that had contaminated the party’s ranks; and pulled its economic and national security policies closer to the center.
Persons: Keir Starmer, Roy Jenkins, Tony Blair, Starmer, Jeremy Corbyn Organizations: Downing, Britain’s Labour Party, Labour Locations: British
Labour Party leader Sir Keir Starmer speaks ahead of the U.K.'s general election on July 4, 2024. The left-of-center opposition party retains a commanding lead of around 20 points over current Prime Minister Rishi Sunak's Conservatives, according to the latest YouGov poll. But who is Keir Starmer — Labour's leader and the clear favorite to become prime minister after Britain's July 4 election? Starmer also served as a human rights adviser during former Labour Prime Minister Tony Blair's Northern Ireland Good Friday Agreement. Labour leader Keir Starmer takes a selfie with students after a campaign event at Three Counties Medical School on May 29, 2024.
Persons: Sir Keir Starmer, Anthony Devlin, Rishi Sunak's, Nigel Farage's, Keir Starmer —, Starmer, Margaret Thatcher's, Tony Blair's, Jeremy Corbyn, Keir Starmer, Christopher Furlong Organizations: Labour Party, Getty, Conservative, Britain's Labour Party, Labour, Conservatives, British, National Health Service, University of Leeds, University of Oxford, Shell, Tony Blair's Northern, Service, Counties Medical School, Wealth Fund Locations: London, England, Victoria, EU, Britain
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