The Serfs Have Rebelled - Europe Next?
Submitted by Alasdair Macleod via GoldMoney.com,
Hayek’s The Road to Serfdom described how personal freedoms are progressively eroded by the state in the name of the common good.
Submitted by Alasdair Macleod via GoldMoney.com,
Hayek’s The Road to Serfdom described how personal freedoms are progressively eroded by the state in the name of the common good.
While relations between Russia and the US may finally be on the mend following a phone call between Putin and Trump, in which the Russian leader expressed hope for a reset and renormalization of the current "unsatisfactory" bilateral relations between the two countries, treatment of Russia in Europe remains on the downswing. The latest example of this took place on Friday when military aircraft with Swiss fighter jets shadowed a Russian government aircraft over the European country, Russian Foreign Ministry spokeswoman Maria Zakharova said Saturday.
The European Union have ordered the British press to stop exposing the religious beliefs of terrorists if they turn out to be Muslims. According to the European Commission against Rasism and Intolerance (ECRI), the British press is to blame for an increase in so-called hate speech in the UK due to the fact that they often use anti-Islamic rhetoric when referring to terrorists. The report says: some traditional media, particularly tabloids… are responsible for most of the offensive, discriminatory and provocative terminology.
It was just one year ago when the biggest worry for the market - which culminated with a near 10% S&P correction in in early 2016 - was the daily plunge in the Yuan driven by the surging dollar, which in turn prompted China to engage in an unprecedented reserve liquidation (in which it sold both government bonds and equities), leading to a daily selloff in risky assets on days when the Yuan was fixed lower.
Following a tumultuous year of declining sales as a result of its emissions-cheating scandal, today Volkswagen agreed to cut 30,000 jobs at the core VW, roughly 5% of its global salesforce of 624,000. After months of intense talks, labor and management agreed on a package to balance cost-cutting with investment as the auto industry shifts away from traditional combustion engines and adapts to car-sharing services and self-driving technologies.