Ronald Reagan, Jesse Ventura, Arnold Schwarzenegger, and Al Franken are all former entertainers who made big splashes in their first run for public office. But never has that first run landed someone in the White House! Not since Dwight Eisenhower has a President been elected having never held elective office.
In a historic vote, the people of the United Kingdom (UK) have voted to leave the European Union (EU), and markets around the globe are moving wildly today. The British Exit or “Brexit” from the EU has several implications long and short term, but first it is important to understand what happened and why. The vote is a culmination of anxiety from the British people about relinquishing control of their laws to the EU, which is based in Brussels. The UK had very little control over policy in general, but immigration and trade were two of the main sticking points. While immigration has boiled over of late, with the mass influx of people from the Middle East, it has roots further back to 2004 when several of the former Soviet Union satellite countries joined the EU and many of their people immigrated to the UK. The EU allowed for refugees to immediately claim unemployment benefits with no requirement for living in the host country for any period of time. This cultural issue now created an economic problem for the UK. Continue reading