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The economic future of Brexit Britain has defied doomsday Remainer warnings yet again, as some 1,000 financial firms in the European Union are planning to open up offices in the UK and London has been declared as the top city in the world for investment opportunities. Despite the economic damage inflicted by some of the strictest coronavirus lockdown measures in the world, the UK is set to defy dire predictions from anti-Brexit actors. An estimated 1,000 finance firms in the European Union are planning to open up shop in the UK for the first time, the BBC reported . A Freedom of Information (FOI) request filed by the financial consultancy firm Bovill also found that approximately 1,500 EU money managers, insurers, and payment firms have made applications to stay in the UK after Brexit. Mike Johnson, a managing consultant at Bovill, said: “Many of these European firms will be opening offices for the first time, which is good news for UK professional advice firms across … [Read more...] about Brexit Boom: 1,000 EU Financial Firms Set to Open in UK, London Named World’s Top Investment City

Senate Republicans are hoping to avoid an intraparty bloodbath that would threaten their chances of taking back the majority in 2022. Tensions within the party have been on full display since the ugly mob attack on the Capitol and the impeachment vote and Senate trial that divided Republicans and left former President Trump Donald Trump Senators given no timeline on removal of National Guard, Capitol fence Democratic fury with GOP explodes in House Georgia secretary of state withholds support for 'reactionary' GOP voting bills MORE and Senate Minority Leader Mitch McConnell Addison (Mitch) Mitchell McConnell Klain on Manchin's objection to Neera Tanden: He 'doesn't answer to us at the White House' Democratic fury with GOP explodes in House Murkowski undecided on Tanden as nomination in limbo MORE (R-Ky.) trading charges in public. Even on Wednesday, the tensions were evident when House Minority Leader Kevin McCarthy Kevin … [Read more...] about Senate GOP works to avoid having ’22 war with Trump

Several years ago, while attending a gathering of economists in Cancun, Mexico, I decided to hire a cab for a tour of the area during an afternoon break. After jumping in, I asked the driver to take me to the center of town, away from the resort-stuffed beach area and, along the way, to tell me about the local economy, where people live and shop, and what they do for a living. I learned quite a bit more than that, including something applicable to the minimum wage debate taking place in Washington. During the 30-minute ride, I learned about his family’s hopes and dreams. “If your dreams come true, what will you be doing next year?” I asked. ADVERTISEMENT “My dream? To make it to America and get a job earning your minimum wage to send money home,” I remember him replying. This job would make him the highest paid member of his family. “Our future would be much brighter,” he continued. “I’ve seen other people do it.” I thought about this conversation while reading about the … [Read more...] about Romney-Cotton, a Cancun cabbie and the minimum wage debate

Next month will mark a full calendar year since the lives of millions of Americans were turned upside down as a result of the COVID-19 pandemic. However, even as the coronavirus continues to ravage communities across the country, another public health crisis is still devastating American families: our nation’s fatal addiction to opioids. In 2019, nearly 50,000 Americans lost their lives to an opioid overdose — a 136 percent increase just since 2010. There’s alarming new evidence that overdose rates have jumped even further since the March 2020 COVID-19 emergency declaration. According to the most recent available data from the Centers for Disease Control and Prevention (CDC), both April and May saw the largest monthly increases in opioid deaths on record. It’s easy to understand how the stress, dislocation and uncertainty caused by the pandemic would be devastating for those suffering from substance use disorders. People across the country are in pain and too many are dying. … [Read more...] about X the X-Waiver: How Congress can facilitate treatment for opioid abuse

Twitter announced on Wednesday that it had removed hundreds of accounts linked to Iran, Russia and Armenia for violating its platform manipulation policies. In a blog post, the social media giant said the accounts, which were permanently suspended, attempted to interfere with the 2020 presidential election and in some cases posed as government officials. The social platform suspended a total of 238 accounts linked to Iran, 35 accounts with ties to the Armenian government and 100 accounts connected to Russia, the blog post says. ADVERTISEMENT Twitter's platform manipulation policy says users "may not use Twitter’s services in a manner intended to artificially amplify or suppress information or engage in behavior that manipulates or disrupts people’s experience on Twitter." Accounts connected to Iran, many of which Twitter described as having "low engagement and did not make an impact on the public conversation," and "attempting to disrupt the public conversation during … [Read more...] about Twitter removes hundred of accounts tied to Iran, Russia