Gaby Rivera

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John McDonnell: Brexit will end free movement of people

As leadership row goes on, shadow chancellor says Labour will respect vote and consult public about UK-EU future<p>The free movement of people around the European Union will end with Brexit, John McDonnell has said as he outlined an economic blueprint for Labour to prepare the nation for …

European Union

How ‘Brexit’ Will Affect the Global Economy, Now and Later

Things fall apart. And now, “things” includes the European Union.<p>British voters delivered a well-aimed kick at the global elites who prefer a Britain that is deeply intertwined, economically and diplomatically, with Europe.<p>So now that they did it, what does it mean for the British economy and the …


Brexit a knockout punch to Fed's interest rate divergence mantra | Reuters

WASHINGTON (Reuters) - Britain’s shock vote to leave the European Union may tie the U.S. Federal Reserve to near zero interest rates for far longer than expected, according to new research indicating the U.S. central bank is now tightly bound to international economic conditions.<p>The facade of the …

Federal Reserve

If Your Argument Is Based on Economics, You’ve Already Lost

Brexit is over, as we all know, and while the referendum is non-binding, it still comes as something of a shock. Why would the majority of voters in the UK decide to leave the EU? Why vote against self-interest?<p>The Remain faction made a rhetorical mistake early on, and stuck by it. They appealed to …


How Brexit impacts the U.S. economy

The United Kingdom shocked the world when its citizens voted to leave the European Union Thursday.<p>The so-called Brexit has wide implications for the U.S. economy, which is already facing a slew of headwinds.<p>The chief of the U.S. central bank and top monetary policy setting official, Janet Yellen, …


Here's what Britain's vote to leave the EU tells us about the U.S. presidential election

The Britons who voted to take their country out of the European Union were predominantly white, working class, older and deeply upset about immigration.<p>Their leaders drew scorn from the university-educated elite as nativists, borderline racists and occasional buffoons. Backing them was too risky, …

U.S. Presidential Election