Brexit appoved! NOW what?

[menloparkmom]

“They give anyone the Nobel Prize nowadays.”
really ? do you have one?
jk.

[GMTplus7]

They will make money no matter where they go - but it will cost them money to stay in London. They aren’t stupid. Dublin and Brussles aren’t Omaha, either.

Its not either, or. Multinational companies are called “multinational” for a reason. They have big offices in MANY countries. The banks make a heluva lot of money in the UK; therefore, they are unlikely to vacate the UK. Plus, it’s not like the UK was using the Euro currency, anyway.

I worked for an American & a European multinational company that had an office in London and on the continent. It’s no big deal.

[toledo]

NYSE down over 400 points

[GMTplus7]

NYSE down over 400 points

The glass is half full. It was down 700 earlier.

[dstark]

Europe survived without an EU.

Maybe the United States can learn something from Brexit and be proactive.
Kick out the west coast and the northeast. I am ok with that.

[NotVerySmart]

@GMTplus7

The hoi polloi may have voted for xenophobic reasons, but the educated class voted for sovereignty & economic reasons.

As @scout59 pointed out, the educated class voted Remain by overwhelming margins.

http://www.theguardian.com/politics/live/2016/jun/24/eu-referendum-brexit-live-europe-leave-remain-britain

I’m of the view that if someone’s job is easily replaced by an immigrant who speaks little or no English and didn’t complete high school, that’s not entirely the immigrant’s fault, and leaving the EU (or building a wall) isn’t the best solution.

I’m also of the view that the UK’s part in royally screwing up the Middle East wasn’t insignificant. They promised the same tract of land (now Israel/Palestine) to Arab and Zionist groups, while negotiating with France to divvy up the region into a mosaic of protectorates. We can’t know how much of the Middle East’s current plight is due to periodic strife between Israel and its neighbors, or how much that’s held back those neighbors’ development, but I find it rich that the UK - which is at least partly responsible for the current situation - is apoplectic at the prospect of taking in 4,000 Syrian refugees a year.

[emilybee]

@GMTplus7, I guess we will have to see. I think many will move and The City will become much smaller.

Here is what the Financial Times has to say. http://www.ft.com/cms/s/0/23d576b0-386a-11e6-a780-b48ed7b6126f.html#axzz4CWGAHTro

[fractalmstr]

Norway and Switzerland are not EU members and they are certainly not impoverished wastelands

Exactly, and the UK economy is far more diversified than Norway’s or Switzerland’s. Combine that economic diversity with a well-educated population, and an effective government and I think they will be fine in the long run… some initial pain as they rip the band aid off, but that is to be expected.

[bclintonk]

The age skew on the vote was extraordinary. Young people overwhelmingly voted to remain. Older people voted very strongly to leave. Accoding to one exit poll, 73% of 18-24 year olds voted to remain, along with 62% of 25-34 year olds. These younger voters have never known a UK without the EU, and many of them see freedom of movement within the EU as an opportunity, not a threat. Their horizons will be much diminished by this vote.

[TomSrOfBoston]

As @scout59 pointed out, the educated class voted Remain by overwhelming margins.

Voting rights should be limited to those with bachelor’s degrees from top 50 universities.

@NotVerySmart

I’m of the view that if someone’s job is easily replaced by an immigrant who speaks little or no English and didn’t complete high school, that’s not the immigrant’s fault.

This callous attitude it part of what drove the Exit vote and is driving support for you know who in the US.

Irish union

Meanwhile, Northern Ireland’s similar backing for continued EU membership provoked a call by Deputy First Minister Martin McGuinness for a poll on a united Ireland.

He told Irish broadcaster RTE the “Brexit” vote means that “the British government now has no democratic mandate to represent the views of the North in any future negotiations with the European Union and I do believe that there is a democratic imperative for a ‘border poll’ to be held.”

His republican Sinn Fein party have longed back a union with the Republic of Ireland, who are also EU members – a position that is bitterly opposed by their unionist partners in the government of Northern Ireland who want to preserve their position within the United Kingdom

Could this possibly reignite the “troubles” in Northern Ireland?

[4kidsdad]

I just saw this on CNN: “Trump blames Obama for Brexit.”

CNN: “Trump on Brexit: America is next”
I’m not sure what he means.
Texas breaks from US?

[GMTplus7]

Accoding to one exit poll, 73% of 18-24 year olds voted to remain, along with 62% of 25-34 year olds. These younger voters have never known a UK without the EU, and many of them see freedom of movement within the EU as an opportunity, not a threat.

A higher proportion of 18-24 year olds live on OPM.

[fractalmstr]

edit

[4kidsdad]

What is “OPM”?

[TomSrOfBoston]

Other People’s Money!

[scout59]

@alwaysamom - even better are the responses to that tweet from those in Scotland. Unfortunately, I can’t repeat many of them here.

[DonnaL]

People who mention Norway and Switzerland are completely ignoring – or are completely ignorant of — the fact that Norway is part of the EEA (European Economic Area), that both countries are part of EFTA (the European Free Trade Association, consisting of Iceland, Liechtenstein, Norway, and Switzerland), and that Switzerland has bilateral agreements with the EU that are essentially the equivalent of EEA membership. They’re hardly going it alone. And the UK may want the equivalent, but its right to be a part of the EEA is premised on its EU membership, and who’s to say that the EU will allow it under these circumstances?

https://en.wikipedia.org/wiki/European_Economic_Area

The European Economic Area (EEA) is the area in which the Agreement on the EEA provides for the free movement of persons, goods, services and capital within the internal market of the European Union (EU). The EEA was established on 1 January 1994 upon entry into force of the EEA Agreement.[4]

The EEA Agreement specifies that membership is open to member states of either the European Union or European Free Trade Association (EFTA). EFTA states which are party to the EEA Agreement participate in the EU’s internal market without being members of the EU. They adopt most EU legislation concerning the single market, however with notable exclusions including laws regarding agriculture and fisheries. The EEA’s “decision-shaping” processes enable EFTA member states to influence and contribute to new EEA policy and legislation from an early stage.[5] Third country goods are excluded for these states on rules of origin.

When entering into force in 1994, the EEA parties were 17 states and two European Communities: the European Community, which was later absorbed into the European Union’s wider framework, and the now defunct European Coal and Steel Community. Membership has grown to 31 states as of 2016: 28 EU member states, as well as three of the four member states of the EFTA (Iceland, Liechtenstein and Norway).[4] The Agreement is applied provisionally with respect to Croatia—the remaining and most recent EU member state—pending ratification of its accession by all EEA parties.[2][6] One EFTA member, Switzerland, has not joined the EEA, but has a series of bilateral agreements with the EU which allow it also to participate in the internal market.

[4kidsdad]

^They want to break from UK in order to stay with EU?

[TatinG]

Older people have the perspective of knowing Britain before and after EU, and they liked before better. Younger people never knew Britain before.

[LasMa]

Tatin, they’re about to get their wish. My guess is that “Make Britain Great Again” ain’t going to go as well as they think it will.