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☆ After just 44 days in office, Liz Truss is eligible to collect a £115,000 allowance for the rest of her life
▼ + stars: | 2022-10-20 | by ( Rebecca Cohen | ) www.businessinsider.com time to read: +2 min

Liz Truss will receive a yearly £115,000 allowance for the rest of her life despite her short stint as Prime Minister. Enacted in 1991, Truss becomes only the sixth Prime Minister to receive the lifelong allowance. To be eligible for the allowance, you only has to have been a former Prime Minister, meaning Truss qualifies, despite being the shortest-serving Prime Minister in the nation's history. She will receive the allowance yearly for the rest of her life. In addition, Truss is entitled to receive a pension allowance of up to 10% of the £115,000 allowance.

"I now expect the language of free markets and libertarianism to be consigned to scrap for quite some time. Truss had spent her summer campaign for the party leadership complaining about Britain's weak economic growth, productivity and low pay since the 2008 global financial crisis. Her solution was to challenge economic "orthodoxy" and demand faster, radical action to shake the economy out of its torpor. The Institute of Economic Affairs said of the economic plan: "This isn't a trickle-down budget – it's a boost-up budget." Register now for FREE unlimited access to Reuters.com RegisterEditing by Catherine EvansOur Standards: The Thomson Reuters Trust Principles.

"The prime minister is not under a desk," Mordaunt said in parliament, keeping a straight-face despite the jeers and laughter from the opposition Labour Party facing her. Mordaunt now has her second chance to run for the top job, after just missing out on the final two in the contest to become the leader of the ruling Conservative Party earlier this year. She also promoted her patriotism, talking about her memories of the Falkland's conflict that helped to define former prime minister Margaret Thatcher. Her first post came as a local government minister in 2014, followed by armed forces minister and disabilities minister. Truss appointed Mordaunt as the leader of the House of Commons, charged with setting out the government business with her no-nonsense attitude gaining admirers.

☆ Our lettuce outlasted Liz Truss, British paper declares, as PM quits
▼ + stars: | 2022-10-20 | by ( ) www.reuters.com time to read: +2 min

LONDON, Oct 20 (Reuters) - To the strains of Britain's national anthem, a national newspaper on Thursday declared a lettuce the victor in a race to see if it could outlast Liz Truss, after the under-fire prime minister resigned. The tabloid Daily Star set up a live feed on Friday showing the unrefrigerated iceberg next to a photo of Truss, asking readers: "Which wet lettuce will last longer?" Moments later, as viewer numbers hit 21,000, "God Save the King" rang out as a hand reached across the table and set Truss's photo on its back and the caption "The lettuce has outlasted Liz Truss" appeared. In a column published last week titled "The Iceberg Lady", the Economist magazine described Truss as having "the shelf-life of a lettuce". Truss's political role model, 1980s prime minister Margaret Thatcher, was widely known as the Iron Lady.

☆ Liz Truss' 'trickle-down economics' is dead. Now the UK faces an uncertain future
▼ + stars: | 2022-10-18 | by ( Sam Meredith | ) www.cnbc.com time to read: +4 min

Britain's Prime Minister Liz Truss holds a press conference in the Downing Street Briefing Room in central London on Oct. 14, 2022. Daniel Leal | Afp | Getty ImagesLONDON — Just six weeks into U.K. Prime Minister Liz Truss' tenure and the political future of yet another Conservative leader looks to be in jeopardy. The approach has been sharply criticized by U.K. political opponents — and even U.S. President Joe Biden — at a time when Britain faces a deepening cost-of-living crisis. However, analysts at political risk consultancy Eurasia Group assign only a 10% possibility that Truss is able to hold on as prime minister. "The consensus at Westminster is now that that the Prime Minister is so weak that she can do nothing without the assent of her Chancellor.

☆ NHL roundup: Alex Ovechkin, Caps overtake Canucks
▼ + stars: | 2022-10-18 | by ( ) www.reuters.com time to read: +6 min

With 7:16 remaining in regulation, Ovechkin slid the puck onto the stick of Sheary, who converted the go-ahead goal. Ovechkin, who had one assist in the first three contests, added some tip-in insurance with 2:58 left to play. Tyler Seguin, Jani Hakanpaa, Joel Kiviranta and Miro Heiskanen each scored a goal and Mason Marchment added two assists for Dallas. Anze Kopitar and Adrian Kempe each had a goal and an assist for the Kings, who earned their second win in a row. Linus Ullmark made 37 saves for his second win of Boston's three this season.

☆ Can Liz Truss outlast a lettuce, UK tabloid asks in Twitter post
▼ + stars: | 2022-10-14 | by ( ) www.reuters.com time to read: +1 min

LONDON, Oct 14 (Reuters) - A British newspaper on Friday pitted Liz Truss in a race against a lettuce, asking readers if they thought the under-fire prime minister would lose her job before the vegetable decayed. loadingThe tabloid Daily Star set up a live feed of an unrefrigerated iceberg next to a photo of Truss. Register now for FREE unlimited access to Reuters.com RegisterThe stunt echoed a comment at the other end of Britain's journalistic spectrum. Truss's political role model, 1980s prime minister Margaret Thatcher, was widely known as the Iron Lady. Register now for FREE unlimited access to Reuters.com RegisterReporting by John Stonestreet; Editing by Andrew HeavensOur Standards: The Thomson Reuters Trust Principles.

LONDON — British Prime Minister Liz Truss on Monday ditched her signature plan to cut taxes for the country's top earners after it triggered market turmoil and a huge domestic outcry. The pound rose after the announcement to around $1.12 — about the value it held before the Sept. 23 budget announcements. The dramatic reversal comes just hours after Truss defiantly defended the tax cut and her broader radical economic agenda, saying it was necessary to solve the country’s long-term economic woes. Faced with a growing political rebellion after days of economic chaos, the government said early Monday it was abandoning the plan. The plan to cut taxes for the wealthy was part of a broader "mini-budget" announced soon after the new administration took office.

LONDON — If anyone thought Britain was due a period of calm after Boris Johnson’s tumultuous premiership, no one told his successor. But the proposed solution by new Prime Minister Liz Truss has quickly sent the economy spiraling into chaos, threatening consequences both immediate and long-lasting for many Britons. Prime Minister Liz Truss's government unveiled a financial plan last week that sparked market concern and public criticism. The nose-diving pound will also make everyday products in Britain more expensive as importers face spiraling costs. It wants to supercharge Britain’s sluggish economy by any means necessary — even if that means short-term shocks.

☆ Larry Summers blasts UK tax cuts as 'utterly irresponsible' and warns of possible contagion
▼ + stars: | 2022-09-27 | by ( Elliot Smith | ) www.cnbc.com time to read: +6 min

The sudden sell-off in the pound and U.K. bond markets led economists to anticipate more aggressive interest rate hikes from the Bank of England . I was surprised when the new chancellor spoke over the weekend of the need for even more tax cuts," Summers said on Twitter. U.K. inflation unexpectedly fell to 9.9% in August, and analysts recalibrated their eye-watering expectations after the government stepped in to cap annual household energy bills. 'Emerging market currency crisis'Sterling has fallen by roughly 7-8% on a trade-weighted basis in less than two months, and strategists at Dutch bank ING noted Tuesday that traded volatility levels for the pound are "those you would expect during an emerging market currency crisis." The likening of the U.K. to an emerging market economy has become more prevalent among market commentators in recent days.

☆ Factbox: A history of UK currency crises and crashes
▼ + stars: | 2022-09-26 | by ( ) www.reuters.com time to read: +5 min

The currency fell as low $1.0327 at one point. read more It has fallen almost 8% since Thursday and 21% since the start of the year, a pace drawing comparisons with the currency crises that have marked Britain’s post-war history. Britain also used some creative accounting to hide the extent of its foreign exchange reserves losses, such as in a 12.5 billion pound "secret negative forward book". Against a soaring U.S. currency swelled by global trade imbalances, parity with the dollar - once unthinkable - became a real possibility. A briefing to the media in January 1985 from Prime Minister Margaret Thatcher’s press secretary, intended to reassure financial markets, backfired badly.

☆ Pound tanking, massive tax cuts and talk of emergency hikes. Here's what's going on in the UK
▼ + stars: | 2022-09-26 | by ( Elliot Smith | ) www.cnbc.com time to read: +6 min

Jim O'Neill, former Goldman Sachs Asset Management chairman and a former U.K. Treasury minister, said the pound's fall shouldn't be misinterpreted as dollar strength. The announcement Friday featured a volume of tax cuts not seen in Britain since 1972 and an unabashed return to the "trickle-down economics" promoted by the likes of Ronald Reagan and Margaret Thatcher. The radical policy moves set the U.K. at odds with most major global economies against a backdrop of sky-high inflation and a cost-of-living crisis. Ibrahim added that this would imply further suffering for U.K. financial markets due to the "unfavorable policy mix" over the near term. The British lender expects the government to clarify its plans to balance the books through "spending cuts and reform outcomes" ahead of the November budget statement, which Montagne suggested "should help to deflect immediate concerns relating to large unfunded tax cuts."

☆ Opinion: The British Empire: A legacy of violence?
▼ + stars: | 2022-09-25 | by ( Peter Bergen | ) edition.cnn.com time to read: +19 min

A related question is also surfacing now: What is the legacy of the British Empire writ large? Bergen: This reassessment of British Empire: You are leading the charge. Bergen: So, are the British in high school as they learn about British history being told a bunch of fairy tales? Are there similarities between the 1619 Project and what you and other colleagues are doing in your reassessment of the British Empire? And I think that’s what we’re seeing in different kinds of ways with the history of the British Empire.

☆ Britain pursues 'trickle-down economics' despite scorn from Biden. And the stakes are sky-high
▼ + stars: | 2022-09-23 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +5 min

British Prime Minister Liz Truss and U.S. President Joe Biden formally met for the first time at the United Nations General Assembly in New York City, following clashes in economic policy between the two leaders. Biden, in a tweet Tuesday, said he was "sick and tired of trickle-down economics," adding "it has never worked." Liz Truss U.K. prime ministerCritics, including Britain's opposition Labour party, have argued that such measures disproportionately benefit the wealthy. Questions have also been raised over how the policies will be funded, with tax cuts expected to lead to higher borrowing. Truss has argued that resultant growth will bring in more revenue which will cover those borrowing costs.

British Prime Minister Liz Truss and Chancellor of the Exchequer Kwasi Kwarteng visit Berkeley Modular, in Northfleet, Kent, Britain, September 23, 2022. The pound crashed below $1.09 for the first time since 1985 and British government bonds suffered the biggest daily fall in decades. "I've rarely seen an economic policy that is as uniformly panned by economic experts and financial markets," said Harvard professor Jason Furman, former chair of the U.S. Council of Economic Advisers during Barack Obama's presidency. Britain's Institute for Fiscal Studies compared Kwarteng's statement to a budget in 1972 that similarly sought to double Britain's rate of economic growth, but is widely remembered as a disaster for its inflationary effect. Furman said Truss might also have no choice but to undo some of her plans if Britain's debt problems start to spiral because of higher interest rates.

☆ In King Charles’s Style, the Suits Make the Man
▼ + stars: | 2022-09-20 | by ( Jacob Gallagher | ) www.wsj.com time to read: 1 min

For the better part of four decades, King Charles has almost exclusively been seen in stolid double-breasted, peak-lapel suits with the occasional whisper of a plaid pattern. A few years ago, keen-eyed royal watchers noticed that then-Prince Charles was still wearing the same exact double-breasted Anderson & Sheppard tweed overcoat he first busted out in the Thatcher era. “I’m one of those people,” the king conceded to British Vogue in 2020, “who hate throwing anything away.”

☆ These Bosses Are OK With Boundaries. They Promise.
▼ + stars: | 2022-09-19 | by ( Lindsay Ellis | ) www.wsj.com time to read: 1 min

Hannah Thatcher has hired two employees to her engineering team since early 2020. She says she made clear to them in the interview process that they should take their accrued time off, put work devices away after hours and not be shy about asking for a mental-health day. “I like to make my expectations pretty clear early on,” Ms. Thatcher said. “Their time off is their time off—and it will be respected.”

☆ Bosses Promise Jobs With a Coveted Perk: Boundaries
▼ + stars: | 2022-09-19 | by ( Lindsay Ellis | ) www.wsj.com time to read: 1 min

☆ The UK has a new prime minister — meet Liz Truss, the tax-cutting Brexit convert taking over from Boris Johnson
▼ + stars: | 2022-09-05 | by ( Bethany Dawson | Catherine Neilan | ) www.businessinsider.com time to read: +9 min

Liz Truss has been named the new prime minister of the UK in the wake of Boris Johnson quitting. The victory also makes her the new prime minister, due to take over Tuesday. An ally of Johnson, Truss has often been described as the continuity candidate — but who is she, and what can we expect from her premiership? While Truss has been named as the Conservative Party leader, she must wait another day before officially becoming prime minister. Truss is set to become prime minister Tuesday after traveling to meet the Queen at Balmoral in Scotland.

☆ Nationalist Meloni set to smash Italy's glass ceiling, become premier
▼ + stars: | 2022-08-29 | by ( Crispian Balmer | ) www.reuters.com time to read: +7 min

Leader of Italy's nationalist Brothers of Italy (Fratelli d'Italia) party and frontrunner to become prime minister Giorgia Meloni, holds a closing rally in Naples, Italy, September 23, 2022. Fast forward three years, and the nationalist leader is also poised to become Italy's first female prime minister. It is from tomorrow that we must prove our worth," the 45-year-old Meloni told party faithful early Monday morning. All the tough talking inevitably draws comparisons in the Italian press between Meloni and former British Prime Minister Margaret Thatcher. Just as Thatcher shattered Britain's glass ceiling to top office 43 years ago, so Meloni looks set to follow suit in Italy.

☆ Kenya elections 2022: Harrassed and abused, Kenya's female politicians struggle to get elected
▼ + stars: | 2022-08-06 | by ( Larry Madowo | Bethlehem Feleke | ) edition.cnn.com time to read: +7 min

Lamu, Kenya (CNN) Just before sunset, Umra Omar boards a speedboat that will take her around the historic Lamu channel for meetings with voters. She is among a record number of women running for office in Kenya's August 9 general election. She says she is running for office as a natural progression after seven years of providing "band-aid solutions" for poor healthcare. 'Kenya is ready for women at all levels'If opposition leader Raila Odinga wins, Kenya could have its first female deputy president in 64-year-old Martha Karua. So that question is in itself discriminatory," the former Kenyan justice minister tells CNN.

☆ Mariana Durleşteanu a depus actele la CEC pentru înregistrarea în cursa parlamentară
▼ + stars: | 2021-06-01 | by ( Publika.Md - Aici Sunt Știrile | ) www.publika.md time to read: +1 min

Partidul Legii şi Dreptăţii al cărui cap de listă este fostul candidat la funcţia de premier, Mariana Durleşteanu, a depus actele la CEC pentru înregistrarea în cursa parlamentară din 11 iulie. "Permanent am urmărit viaţa politică din RM şi iubesc Moldova, familia mea iubeşte Moldova. "În această listă se regăseşte un diamant, acest diamant este Mariana Durleşteanu. Are atât posibilităţi cât şi dorinţă de a pune umărul şi a mişca ţara noastră, a o urni din această mocirlă", a spus Mariana Durleşceanu. Mariana Durleşteanu a fost înaintată la funcţia de premier de fracţiunea PSRM şi Partidul Şor, însă candidatura ei a fost respinsă de şeful statului, Maia Sandu, ulterior propusă repetat.

Persons: Mariana Durleşteanu, Formaţiunea, Moldovei, Durleşteanu, Thatcher, Mariana Durleşceanu, Maia Sandu Organizations: CEC, Electorală Centrală Locations: Moldova, RM

☆ VIDEO/ PLD a depus documentele la CEC pentru înregistrare la anticipate. Mariana Durleșteanu - cap de listă. Președintele partidului: „Este un diamant”
▼ + stars: | 2021-06-01 | by ( Putregai Elena | ) www.zdg.md time to read: +2 min

Cap de listă pentru ocuparea fotoliului de deputat în Legislativ este Mariana Durleșteanu, pe care președintele formațiunii, Nicolae Alexei, o descris-o drept „un diamant”. „PLD a depus azi setul de documente pe care Comisia urmează să se expună și să ia o decizie în următoarele șapte zile. Conține și o listă de candidați la funcția de deputat în Parlamentul Republicii Moldova, o listă de nume cu oameni onești, profesioniști și integri. Margaret Thatcher – fosta prim-ministră a Regatului Unit)”, a declarat Nicolae Alexei, în debutul conferinței de presă susținute la CEC. Rugat de jurnaliști să precizeze care este președintele formațiunii pentru a nu se crea vreo confuzie, a adăugat: „Președintele PLD este Alexei Nicolae.

Persons: Mariana Durleșteanu, Nicolae Alexei, Thatcher, Moldovei, . Margaret Thatcher, Alexei Nicolae Organizations: Dreptății, PLD, Comisia Electorală Centrală, CEC Locations: Legislativ, Republicii Moldova, Regatului Unit, Republica Moldova

☆ Explozie a audienţei serialului ''The Crown'' după difuzarea interviului cu prinţul Harry şi Meghan Markle
▼ + stars: | 2021-04-09 | by ( Publika.Md - Aici Sunt Știrile | ) www.publika.md time to read: +1 min

Audienţa serialului ''The Crown'' a crescut fulgerător după interviul acordat de Meghan Markle şi prinţul Harry lui Oprah Winfrey, în cadrul programului special difuzat pe 7 martie în SUA şi a doua zi în Marea Britanie, relatează EFE. Serialul britanic s-a plasat, de asemenea, printre primele 10 programe cele mai vizionate în acea săptămână, deşi cel de-a patrulea sezon a avut premiera în noiembrie anul trecut. Nielsen a estimat că cele mai urmărite episoade au fost cele din primele sezoane, în special cel intitulat "Favourites", în care regina Elisabeta a II-a a Marii Britanii se reuneşte cu fiii săi pentru a afla care este cel favorit. "The Crown" este un serial de ficţiune difuzat de Netflix, care prezintă viaţa reginei Elisabeta a II-a de la nunta ei cu prinţul Philip în 1947 şi până la începutul secolului XXI. Serialul şi distribuţia sa au fost recompensaţi la Globurile de Aur, la premiile Emmy, ale Sindicatului Actorilor de la Hollywood, precum şi la premiile producătorilor şi scenariştilor.

Persons: Harry, Oprah Winfrey, Nielsen, regina Elisabeta a II -, Elisabeta a II, prinţul Philip, Margaret Thatcher, Diana, Lady Organizations: Nielsen Locations: SUA, Britanii, Hollywood

☆ Calendar astronomic pentru 2021: Fenomenele spectaculoase și importante care vor avea loc anul acesta
▼ + stars: | 2021-01-07 | by ( ) www.jurnal.md time to read: +6 min

Quadrantidele (ianuarie)Anul 2021 a început cu o ploaie de meteori și să sperăm că aceste „stele căzătoare” ne vor îndeplini și câteva dorințe. Eta Aquaridele (mai)Acest curent de meteori va oferi un spectacol deosebit pentru cei din emisfera sudică. Însă, anul acesta, o Lună aproape plină va face dificilă observarea curentului de meteori, potrivit Observatorului Griffith. Aceasta va fi a doua și ultima eclipsă de Lună din anul 2021, informează Live Science. Solstiţiul de iarnă (decembrie)Solstiţiul de iarnă din anul 2021 va avea loc în 21 decembrie, la ora 17:58, și va marca începerea iernii astronomice, atunci când înălțimea Soarelui deasupra orizontului și intervalul diurn sunt minime.

Persons: Thatcher, Eta, Halley, Swift - Tuttle, Griffith Organizations: NASA, Live Science, International Meteor Organization Locations: Quadrantidele, Asia de Est, Australia, Pacific, american, Canadei, Groenlanda, Rusia, Europa, Asia

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