Brexit: Future of the European Union and the United Kingdom

Not only Europeans, but people who have even a mere interest in politics seem worried about Brexit. Most common questions are arising like what will happen to the European Union after Brexit? How will England act after Brexit? Will the EU citizens have to quit the UnitedKingdom after it or not? Brexit is a viral topic these days, and everyone is giving his/her opinion regarding it. Before discussing what will be the effects of post-Brexit, let us give a little intro on it.

Future-of-Europe-and-UK-Brexit

Future-of-Europe-and-UK-Brexit

What is Brexit? Why does it happen?

It is a popular shorthand name for Britain-Exit; exit from the European Union. It aroused when the referendum took place on 23 rd June 2016, in which millions of people voted out in favor of the United Kingdom’s exit from the EU. Almost 52 % of votes advocated the idea of leaving the platform.

What is the European Union?

Remember, European Union formed after World War 2, and it consists of 28 countries includingFrance, UK, Germany, Poland, Croatia, and more. The purpose behind the formation of EU was to merge European countries economically and politically. As per EU, nations which trade together can never hurt each other, and thus, they formed the partnership.

When will the UK leave the EU?

29 March 2019 is the day when the UK is due to leave the European Union, and the PrimeMinister, Theresa May, triggered this procedure on 29 March 2017, so it means the UnitedKingdom will exit in 2019. However, a European court has ruled that Great Britain can reverse the decision to stop the process. It can also extend if all 28 members agree for the UK’s stay in the partnership.

How will Brexit affect the EU?

Most probably, it will affect the EU negatively as the European Union citizens will have to go through strict immigration policies post-Brexit. The trade impact will be a bit negative, too. As per sources, the Conservative government has already introduced the EU (withdrawal) Bill to Parliament to finish the primacy of European Union law in the UK on the day of Brexit. The post-Brexit trading is probably become more complex than ever because it will need the approval of over 30 national and regional level parliaments across Europe.

Overall, the impact of Brexit will be negative on the European Union and the United Kingdom, but it is yet to decide who will face more complexities than the other one.

Russian Television Says by 2030 US will be the Second Largest Economy After India

Top Five Billionaires of 2018

Federal Employees are not Getting Paid on Time: U.S. Partial Government Shutdown 2018

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Federal Employees are not Getting Paid on Time: U.S. Partial Government Shutdown 2018

Getting paid on time is not less than a blessing, and especially when you’re living in the United
States, but due to a partial government shutdown, it becomes a nightmare for the federal
employees to get their payment on time.

How did the Shutdown happen?

It all started when the current president of the United States, Donald Trump, demanded to fund
for a pet project (Southern border wall), but Congress didn’t show enough support to pass it. On
December 21, 2018, Congress let funding for 25% of the government expire, and by the deadline
of the midnight, Senate and the House hadn’t passed a spending bill, so the government partially
shut down.

Shutdown Effects

Because of Washington brinkmanship, U.S. government has to shut down partially on 22 nd
December 2018, but it immediately affects the federal workers, who don’t have any other option
but to wait until the impasse ends. As per records, 420,000 employees would have to work even
without payment. Moreover, almost 380,000 workers sent home without pay, of course.

Federal Employees Pay

It not only hit hard the Washington D.C’s federal workers but also affected the government
agency employees in Alaska, West Virginia, Wyoming, South Dakota, Mexico, Idaho, and
Montana.

As per reports, half of the affected employees don’t even have college degrees. On the other side,
one in five workers have education beyond a bachelor’s degree, and almost 45% of them were
working as administrative positions like air traffic controllers, IT managers, criminal
investigators, and inspectors. Others include blue-collar employees, including custodians,
mechanics, and cooks.

How can the issue resolve?

Well, the three possibilities that can end the shutdown are:

  • If Trump surrenders and agreeing to remove shutdown without getting funds for the
    border wall.
  •  If Democrats give up and agree to a few or all demands of the president.
  •  If Republicans surrender, and join Democrats to pass the spending bill with a veto-proof
    majority for funding the government. In this way, they don’t need Trump’s approval.

These are only assumptions, and nobody knows what will happen next. But one thing is
understandable the federal employees’ lives are at stake even though they are not responsible for
all this fuss.

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Russian Television Says by 2030 US will be the Second Largest Economy After India

The world economy is still in making as India is at the heart of it. Russia Today television was
trying to analyze a future forecast which was postulated by Standard Chartered Bank, it is
believed that India is most likely going to become the second world largest economy by the
year 2030 following China and overtaking US economy. This UK based international bank also
believes that India is likely to be the chief mover, with its trend growth increasing to 7.8% in the
The 2020s, majorly due to ongoing reforms in India for example; introduction of national goods and
service tax and the Indian Bankruptcy Code.

World GDP

The Indian Bankruptcy Code which was launched in India in 2016 helps the country in
consolidating the country’s bankruptcy and insolvency laws. On the other hand, the
introduction of national goods and service tax was launched in 2017 and it is helping India by
simplifying the tiresome and cumbersome tax regime.

In the US the aging population outnumbers the youth while India is well recognized as the
home of the world’s largest group of young people, a population section which is believed to
have help and will help in consumerism in India’s economy. Though for this to be achieved it is
believed that 10 million jobs have created in the service and manufacturing industries in
India.

India Q2 GDP Growth Raised To 6.3% From Q1 5.7%

Market Tweets (Trusted Sources)

GST: The Goods and Services Tax

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Top Five Billionaires of 2018

Nobody can become successful and wealthy overnight. It takes decades to gain success in
business, but with the use of right marketing and administrative strategies, of course. If you have
passion, devotion, and techniques to run a brand, then nothing can stop you to become a
billionaire. Yes, earning billions is a dream of almost every individual, but there are few people
in this universe, who are setting an example for newbie investors. Let’s have a glance on world’s
top five billionaire investors (Forbes), who earned and are still earning billions of dollars every
year.

1. Jeff Bezos

Jeff Bezoz

With an approximated total value of $150 billion, Jeffrey Preston Bezos, shortly Jeff
Bezos, is a 54 years old U.S investor, tech entrepreneur, and philanthropist. He is the
developer and CEO of Amazon, which is an e-commerce platform, where you can buy
books, DVDs, computers, software, videos, electronics, magazines, and much more.
When he initiated Amazon, his parents helped him by investing several thousand dollars
in his startup back then in the 1990s, but it was his incredible inventiveness that led his
business to this level of success. He left his job at the age of 29 to concentrate on trading
and creating customer base through the internet when people had not much idea about
online businesses.
With great products and the best customer care service, his business flew like fire. He
then invested in various other companies like Uber, Twitter, and Airbnb, also purchased
Washington Post, Zappos, Elemental Tech, Blue Origin, Whole Foods, IMDb, Audible,
and a few more.

2. Bill Gates

Bill Gates is not anonymous to anyone as he’s an American investor, author,
philanthropist, and a founder of Microsoft Corporation.
With his high school friend, Paul Allen, he found Microsoft, and then he didn’t need to
look back as he got worldwide success and fame through it. Later, his friend separated his
way due to health concerns, and Bill Gates had managed everything on his own
afterward.
Though he stepped down as a CEO of Microsoft long ago, still his net worth as of 2018 is
90 billion (Forbes), and he currently runs a successful non-profit organization with his
wife, Melinda. Gates also announced to launch $1 billion Breakthrough Energy
investment in 2016. His passion for tech, the obsession to learn new things, right
investment strategy, and simple lifestyle play an essential role to become the world’s
second billionaire.

3. Warren Buffett

One of the most successful investors, Warren Buffet, also known as Oracle of Omaha is
not only the investor but also quite an influential entrepreneur. He runs Berkshire
Hathaway, a company which owns over 60 other companies. The top-notch brands
include Insurer Geico, restaurant chain Dairy Queen, and battery maker Duracell.
It would be a quite surprising fact that he bought his first stock at the age of only eleven,
and he filed taxes at thirteen. Well, he was a son of U.S Congressman, so it wasn’t a big
deal for him, of course. He kept his promise of giving his 99% of his fortune by donating
$35 billion to Bill and Melinda Foundation. As of Forbes 2018, Warren’s net worth is
$84 billion, which makes him the third billionaire of the world.

4. Bernard Arnault

According to Forbes, the fourth billionaire of the world as of 2018 is none other than
Bernard Arnault, who runs LVMH, French multinational luxury good conglomerate.
LVMH formed through a 1987 merger that owns over 68 international luxury goods
brands. The subsidiaries of the company include and not limited to Louis Vuitton,
Christian Dior SE, Sephora, Celine, Bulgari, Hennessy, and Givenchy.
In 1980, Arnault bought Financiere Agache in $15 million only, which is a parent
company of Dior, and he invested it through his father’s money. Later in 2017, he bought
out Christian Dior, too. His right investing skills helped him a lot in becoming Europe’s
first richest person alive.

5. Mark Zuckerburg

Who wouldn’t know about Mark Zuckerburg, who is the founder and CEO of the social
networking service company, Facebook? Everybody knows about him. One of the
youngest billionaires in the universe is just 33.
He started Facebook (FB) in 2004 at Harvard at the age of 19 with his other university
mates for students to match names and faces. Later, he took FB public in 2012. He owns
almost the 17% stock till date. In 2015, he pledged to give away his 99% of the wealth
for a charitable purpose.
However, he has faced criticism for sharing users’ data with political consulting firm
Cambridge Analytica in 2018.

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Jeep Renegade Launch In India

It is always been a question why the Renegade version still not in the Indian market. There are hope that it will be launched in Indian market by 2018. The price is always been a confusion it can be in between 10 Lakh to 30 Lakh according to the model.

Jeep Compass and other models are being a success in the market, Renegade can be an upcoming super hit version.

Even though it is a basic compact SUV, the design and features will make it popular among Indian people. The model comes with 4×2 and 4×4  varients. If the model get launched it will be a big competitor for Eco Sport and Brezza.

Jeep Renegade Gallery

Varients : Sport, Latitude, Altitude and Trailhawk

The American brand is already a hit in the international market and now they are expanding the business in India, China and Brazil. Already the company run its testing in India streets, which denotes the arrival of this exciting compact model.

Current available models of Jeep in Indian market

Grand Cherokee, Wrangler, Compass and Grand Cherokee SRT

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