Mark Carney has come out and said the very thing that every economist studying the subject agrees with. It isn’t true that everyone benefits from free trade and globalisation. The net effect on all humans is vastly positive, but there are still those that lose. And that’s a political problem, not an economic one. For the people who don’t win are, largely speaking, those below median incomes in the already rich countries. It is this which drives the chatter about increasing inequality when in fact inequality, measured globally, is falling.
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Time For Truth: (Forbes) – Mark Carney's Right, Not Everyone Benefits From Free Trade And Globalisation - The Semi-Rich Don't
The pre-election predictions of communications professionals surveyed by PRWeek proved to be unanimously – and embarrassingly – wrong. Could every PR executive in the U.S. have been so off, or was this a case of media bias in choosing the “experts?”
On Nov. 8, PRWeek published “They’re with her: PR execs predict a resounding Clinton victory,” in which it reported the pre-election predictions of 22 communications professionals – not one of whom predicted Donald Trump would win the election. Not only were their predictions wrong, they were embarrassingly wrong, with some apparently more influenced by personal opinion than science.
Populist Dutch MP Geert Wilders remained unapologetic as his hate speech trial drew to a close on Wednesday, saying “millions of Dutch citizens will be convicted with me” if he is found guilty.
Wilders, 53, who had previously shunned hearings held at a high-security courthouse near Amsterdam’s Schiphol airport, addressed a three-judge bench at the end of the three-week trial which will formally be closed on Friday.
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Time For Truth: (Yahoo News) – Wilders unapologetic as Dutch hate speech trial ends
The Media Research Center (MRC) announces the findings of a new post-election poll on what actual voters thought about the media’s influence on the 2016 presidential race. The MRC/YouGov poll was conducted on November 9 and 10.
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Time For Truth: (News Busters) – 7 in 10 (69%) Voters do not believe the news media are honest and truthful
The French government is “definitely” going to close the UK border post in Calais after Brexit, a close ally of presidential election frontrunner Alain Juppe has told the BBC.
Arnaud Danjean said France no longer wanted the “negative burden” of migrants aiming to cross the Channel being detained on its soil.
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Time For Truth: (BBC News) – France 'will definitely close UK border at Calais'