June 29, 2016
Britain polarized, markets slide, EU holds its breath.
---Xenophobia on the rise; Cameron out By Ben White In the early hours of Friday morning, Britain woke up to a political and economic earthquake. Asked whether or not the country should remain a member of the European Union (EU), a majority – 52 percent – of the population chose to leave. David Cameron had included the referendum as one of his pre-election manifesto promises, yet he – along with the leaders of all the main parties – had campaigned hard for a “remain vote.” Within hours of the result he had resigned, though will stay in office until a Conservative party leadership contest has taken place, intended to be completed by party conference in October. But the personal and professional consequences for Cameron and others pale into insignificance compared to the wider fallout. Brexit (Read More)