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It is not inequality that bothers Brits, argues Ruth Davidson, the Scottish Conservative Party leader, in the new online magazine UnHerd. It’s injustice.
People expect that the CEO of a corporation will be the highest paid person on the payroll. What they don’t accept is that FTSE 100 bosses are paid 174 times the average worker’s wage in this decade — compared to 13 to 44 times in 1980.
Especially when many of their companies have received either big fraud-related fines or bailouts from the state.
The distinction matters, because it goes to a broader point. Read more
Germany has urged its citizens not to travel to Turkey and advised companies to scale back their investments in the country.
The dramatic measures follow Turkey’s arrest of a German human-rights activist, Peter Steudtner. But relations between the NATO allies have been going downhill for years.
- German chancellor Angela Merkel offended her Turkish counterpart, Recep Tayyip Erdoğan, in 2005, when she declared her opposition to Turkish membership of the EU.
- Germany has for years complained about Turkish attempts to influence its three to four million citizens of Turkish descent.
- Earlier this year, Erdoğan called German officials Nazis when they would not allow his surrogates to campaign for him in Germany.
- Turkey refused to give German lawmakers access to the Incirlik Air Base, where their troops fighting the Islamic State were based. Germany eventually moved its forces to Jordan.
- Turkey arrested a German-Turkish journalist, Deniz Yücel, after he had written critical articles about Erdoğan. Yücel is still being held in solitary confinement. Read more
By most metrics, the Kingdom of Saudi Arabia is running out of time. It’s finding it impossible to balance its budget after trying to wage a failed price war on shale oil. It is lurching toward a knowledge economy but hoping that knowledge does not bring a demand for political freedom along the way. Its economic model has hit a dead end. A housing crisis coupled with high, nearly permanent unemployment is dragging down the competitiveness of the kingdom.
Plus there’s the surging power of Iran, the madness of the Sunni supremacists in the Islamic State and Al Qaeda and the quite probable retrenchment of the Americans away from their old alliances in the Middle East.
To be a Saudi leader is to look into the future and despair.
Yet doomsday is not certain. In other places, great kings have overcome the burdens of geopolitics by force of will and shrewd wisdom. Peter the Great of Russia force-marched his empire into modernity, bestowing a powerful polity for his successors. Emperor Constantine cobbled together a Roman Empire from the fragments of a century of civil discord. Fredrick the Great managed to guide Prussia from a minor German state to the spine that would eventually unite the whole country after his death.
They all had one thing in common: decades of absolute power. Peter the Great ruled 39 years; Constantine, 31 years; Frederick the Great, 46 years. They had both time and energy to fix the many problems afflicting their domains.
Now the Saudis are gambling that Mohammad bin Salman, just 31 years old, can do the same for their kingdom. Read more
Support for independence is falling in Catalonia, but it could still happen if opponents don’t vote.
A comprehensive survey of public opinion conducted every four months for the regional government found that only 41 percent of Catalans want to break away from Spain.
But those voters are more motivated to turn out. Read more
President Donald Trump and his supporters are looking for ways to disparage Robert Mueller, the former FBI director who is investigating Russia’s attack on America’s 2016 election.
The New York Times reports that Trump’s political aides and legal counsel are hoping to find a conflict of interest they could use to discredit Mueller’s investigation — or even build a case to fire him. Read more
We knew Donald Trump has a cruel streak and always puts his own interests first, but it’s still shocking to hear him brag about the harm he is planning to do to millions of Americans — and how he hopes to benefit from it politically.
After Senate Republicans failed to repeal and replace Obamacare, Trump said:
I’m not going to own it. I can tell you the Republicans are not going to own it. We’ll let Obamacare fail and then the Democrats are going to come to us.
Jonathan Bernstein writes at Bloomberg View that none of Trump’s predecessors was willing to trade the welfare of the American people for their own (perceived) political gain:
Imagine if Ronald Reagan had said after Congress prohibited him from aiding anti-communists in Nicaragua: “Fine. I’ll just surrender to the USSR today. That’ll show ’em!” Or if Franklin Roosevelt, faced with sharp congressional resistance from isolationists, decided to disarm and allow the Axis to proceed at will. Or if George W. Bush had reacted to the first defeat of the Troubled Asset Relief Program in 2008 by publicly rooting for a worldwide economic meltdown.