Opinion – Forget the nation-state: cities will transform the way we conduct foreign affairs | World Economic Forum

WEF reports that the international activism of cities and states is rapidly growing, transforming diplomatic practices and the delivery of public services.

Source: Forget the nation-state: cities will transform the way we conduct foreign affairs | World Economic Forum

For a good example look at the Brexit negotiations where Theresa May is ready to pay billions of pounds to protect the financial services industry – the solution will protect London and the metropolitan elites from the economic ravages of Brexit. It looks like Labour voters in major northern cities will be held to account for their Brexit votes.

Thoughts?

US created 257,000 jobs; earnings jump 0.5% – fastFT: Market-moving news and views, 24 hours a day – FT.com

Here’s breaking news reported in the FT. It’s a must-read. Check it out!

via US created 257,000 jobs; earnings jump 0.5% – fastFT: Market-moving news and views, 24 hours a day – FT.com.

Although US is creating jobs, pay-rates still remain flat, so the pressure for most US families will continue – eyes will focus on the Fed for any hint of a policy shift on interest rates. Meanwhile, the IMF is still deeply worried about Europe – this is as Merkel & Hollande fly to Moscow for a last ditch attempt to defuse the escalating military crisis in the Ukraine.

Thoughts?