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Old 06-24-2016, 09:26 AM   #6141
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I should have bought some gold.


give the markets a few minutes to stabilize; people love to overreact.
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Old 06-24-2016, 09:27 AM   #6142
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... aaaaaaaaaaaaand David Cameron, the British Prime Minister, has resigned. That is pretty massive.
From what I have read he said before the vote if they voted out he would step down and he is sticking to his promise. He is an idiot though for even putting the issue up to a vote. I don't know what all is going to happen, but long term England will be ok. Not sure if the UK will survive the next few years, but the world will move on.
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Old 06-24-2016, 09:33 AM   #6143
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Old 06-24-2016, 09:41 AM   #6144
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My initial thought was "up yours too" and a sadness over tolls and import taxes for parts from the UK (they scrap lot more miatas than we do).

But what there will be left of the introvert England and Wales in the end I cannot guess. It sure will be far from the Empire of 1880.
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Old 06-24-2016, 10:00 AM   #6145
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From what I have read he said before the vote if they voted out he would step down and he is sticking to his promise.
I realize that's what he said, I just didn't think he'd actually follow through. Like when a celebrity says "if so-and-so wins the election, I'm moving to Canada," and yet they never actually leave.

I mean, when was the last time that an elected official did what they promised they were going to do? Aside from Hitler*.


* = 고드윈의 법칙.
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Old 06-24-2016, 10:01 AM   #6146
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I can't be the only one who doesn't think this going to be so bad, am I?

#2 Aerospace industry, #1 Financial center in the world, etc etc etc

There was a good article in the Washington Post about it last night.
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Old 06-24-2016, 10:11 AM   #6147
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Few areas excell in an environment of reduced international collaboration.

But the large number of unknowns is the big issue the coming years.

Just add president Trump to this and anything can happen.
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Old 06-24-2016, 10:18 AM   #6148
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Few areas excell in an environment of reduced international collaboration.

But the large number of unknowns is the big issue the coming years.

Just add president Trump to this and anything can happen.
England has something like 800+ years of history as a country varying in size and power. I fully expect them to long term be more then fine. The next couple of months will be interesting with how they negotiate new treaties with the rest of Europe and seeing if Northern Ireland and Scotland vote to leave the UK to rejoin the EU themselves.
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Old 06-24-2016, 11:35 AM   #6149
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I can't be the only one who doesn't think this going to be so bad, am I?
In reality? No, I don't think much is going to change in terms of fundamentals of the European economy. The fact that the UK was never part of the EMU means that this isn't as big a deal as it could have been.

But the DJIA is down 2% right now, because FUD.
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Old 06-24-2016, 11:58 AM   #6150
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In reality? No, I don't think much is going to change in terms of fundamentals of the European economy. The fact that the UK was never part of the EMU means that this isn't as big a deal as it could have been.

But the DJIA is down 2% right now, because FUD.
I'm on the "We're upset because it didn't go as predicted" train of thought.
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Old 06-24-2016, 01:16 PM   #6151
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I'm on the "We're upset because it didn't go as predicted" train of thought.
Yup, the trading bots are pissed off today.
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Old 06-24-2016, 01:22 PM   #6152
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Only 2%? Fudge. Looking for a buying opportunity. 2% isn't enough.
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Old 06-24-2016, 01:44 PM   #6153
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-2.82% and still falling.
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Old 06-25-2016, 09:27 AM   #6154
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Anyway, this has been sitting in my "to post" queue since before Brexitgate, but this seems like an appropriate time for it.

America's at sea without a (network news) anchor

Mary McNamara, June 16, 2016



Bill O'Reilly of the Fox News Channel program "The O'Reilly Factor, " poses for photos in New York.


On Monday night, Stephen Colbert, like each of his late-night colleagues, opened “The Late Show” with a serious and heartfelt response to the recent mass shooting in Orlando, Fla.

Then he welcomed his first guest, Bill O’Reilly.

It seemed, at first, a tone-deaf juxtaposition. O’Reilly is a staunch conservative commentator whose take-no-prisoners approach on Fox News has most certainly helped create the hyperbolic culture war that swirled around the shooting and various reactions to it.

He had been booked as a guest long before the Orlando tragedy, but far from simply making the best of a potentially awkward situation, their conversation quickly built a bridge between ideologies that too often, and on both sides, rely more on interpretation than information, on competitive posturing more than actual dialogue.


Stephen Colbert and Bill O'Reilly discuss the political response to Orlando.

Between the two of them, they achieved something like the old-school gravitas once required of, and revered in, the major network news anchors.

Remember them? The men, and eventually women, who had the star power and the professional stature to help calmly guide a nation through complications and crisis?

Increasingly we have sought a different type of guidance, one that favors brand over reputation, good marketing over due diligence until we’ve arrived at the point where a civil conversation between a conservative pundit and a liberal satirist stands out for its ability to address complicated issues without whipping anyone into a frenzy.

The dwindling status of the national news anchor in recent years has plagued the networks for myriad reasons, most of them bottom-line adjacent. The faces that deliver the news night after night are called “anchors” for a reason; teams are assembled around them, networks identified by them and, at least in the past, millions of American viewers relied on them, especially in times of crisis.

There are many fine, hardworking journalists who investigate and deliver the news, but the iconic news anchor is a thing of the past. Figures like Walter Cronkite, Sam Donaldson, Peter Jennings, Barbara Walters or Diane Sawyer (to name a few) no longer roam the television landscape, in part because that landscape doesn’t exist any more either.

In recent years, television news, like much of the country and the culture, has been redistricted in all manner of ways, including and especially politically.

The rise and success of Fox News, a network directed specifically at those viewers who felt the media were overwhelmingly liberal, combined with the increased popularity of personal narrative and influence of pop culture to blow up the traditional order of news television.

Increasingly, anchors are no longer personalities defined by their ability to do their job, their job is defined by their ability to cultivate their personalities, which includes, at times, their politics.

For years, many non-fans viewed the conservative bent of Fox News simply as an outrageous distortion of journalistic ethics. Jon Stewart’s career, and by extension, the careers of Colbert, John Oliver, and Samantha Bee were built by their ability to point that out with a signature hilarious fury. But when dismissal and outrage didn’t work, other cable networks fought back with their own partisan commentators.

Social media, meanwhile, muddied the lines even further. First person, once verboten, became de rigueur for even serious journalists, who were increasingly identified by their non-news personalities and non-news ventures, be they morning or afternoon chat shows or late-night brag sessions. Anderson Cooper went zeitgeist pin-up, Brian Williams took exaggeration to career-maiming lengths and Katie Couric went to Yahoo (her Epix documentary “Under the Gun” was recently criticized of an anti-gun-owner slant and at least one case of manipulative editing.) Lester Holt is currently on the opposite track, fighting his way back from all those “they seemed like the perfect couple” “Dateline” intros.

Meanwhile, as has been reported ad nauseam, a new generation increasingly turned to late night for their news and commentary. The digital revolution made Stewart and “The Daily Show,” Colbert and “The Colbert Report,” even David Letterman, with his Midwestern credentials and clear-eyed crankiness, at least as influential as the average news anchor, none of whom ever went viral the way the satirists did.

So when Americans say they don’t trust “the media,” it’s difficult to gauge what they’re talking about, but less difficult to realize it’s a huge problem.

The real dangers of the news anchor vacuum threaten the audience more than any network. As the political rhetoric of the presidential campaign became more heated and bizarre, as Donald Trump makes statements and suggestions that increasingly seem at odds with democracy, the lack of a national news figure whom a majority of Americans like and trust has become painfully obvious.

When a presidential candidate feels he can pull the credentials of news organizations, including the venerable Washington Post, and no national news figure has the clout to explain to Trump supporters why this not in America’s best interest, we have a problem.

Which is why the sight of Bill O’Reilly and Stephen Colbert engaged in a genuine give and take over gun control, terrorism and political culture offered a bizarre but undeniable flicker of hope.

For years, these two men have sustained one of the odder working relationships in television history. Colbert’s character on “The Colbert Report” was, of course, a stinging satire of O’Reilly, yet O’Reilly has regularly appeared with Colbert, both on “The Colbert Report” and “The Late Show.” On “The Colbert Report” especially, the men treated each other with mutual, if usually good-humored, disrespect, but still these meetings offered, if only temporarily, a truly crossover audience.

The only way die-hard O’Reilly fans are going to watch any show with the name Stephen Colbert in the title is if Bill O’Reilly is a guest and vice versa.

On Monday night, the two were uncharacteristically sober, abstaining from their signature zingers in favor of actual debate — Colbert pushed O’Reilly on assault weapons, and O’Reilly conceded that there should be a conversation about banning them, just as O’Reilly pushed Colbert to acknowledge Trump’s post-Orlando shooting tweets as effective politics.

Some of the subdued tenor was due, no doubt, to the horrific nature of the event that sparked the dialogue. But each man also appeared to understand that the fact of this conversation, between two people who have all but defined themselves in opposition to each other, was as important as its content.

It may not have produced the stunning power of Edward R. Murrow taking on the McCarthy hearings or Walter Cronkite denouncing the Vietnam War, but it was something.

If Bill O’Reilly and Stephen Colbert can find some middle ground, maybe the rest of us can too.



America's at sea without a (network news) anchor - LA Times
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Old 06-25-2016, 09:44 AM   #6155
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Nah, it's too hard, and take more than 140 chars.


It was a surprisingly (refreshingly) decent discussion.
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Old 06-25-2016, 10:25 AM   #6156
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Still looking for that middle ground the article spoke of...
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Old 06-25-2016, 01:03 PM   #6157
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Pretty much 'get out and stay out'...

Germany says "we won't let anyone take Europe from us"

" German Foreign Minister Frank-Walter Steinmeier said on Saturday that the EU would weather the shock of the British vote to leave the union as he convened crisis talks.

"I am confident that these countries can also send a message that we won't let anyone take Europe from us," he said heading into a meeting in Berlin of his counterparts from the EU's six founding members.

His French counterpart Jean-Marc Ayrault urged quick negotiations on Britain's exit from the union, saying that the pressure would be "very strong" on British Prime Minister David Cameron at an EU summit on Tuesday to speed up the process."
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Old 06-25-2016, 04:06 PM   #6158
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One less country for them to borrow and owe to...
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Old 06-25-2016, 07:38 PM   #6159
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A local I passed today had a pretty good sign out front.
'Merica free of the EU since 1776
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Old 06-26-2016, 02:18 PM   #6160
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