UK Voters will Decide Anew about Leaving the EU for Good via Another General Election

On December 12, 2019, British voters will once again decide whether the U.K. is to forge ahead with the country’s withdrawal from the European Union (EU) even without a deal, or to stay with EU instead. Although the matter had been previously decided in a referendum held in June 2016, in which 51.9 percent of those who cast their vote sealed the approval for Brexit, or Britain’s exit from the EU.

Brexit was supposed to take effect last March 2019, following a two-year period of negotiating a deal that would clearly define the changes that will transpire. The plan was that if a deal could not be reached, the UK will go ahead with the EU withdrawal even without a deal. However, despite the British Parliament’s rejection of the withdrawal agreements negotiated by former Prime Minister Theresa May and later by PM Boris Johnson, there is still no clarity on whether the whole of Great Britain will move forward with a no-deal Brexit

Latest Polls Show UK Citizens are Also Divided Over a No-Deal Brexit

Incumbent Prime Minister Johnson is pushing for the government to proceed with the no-deal Brexit. Yet this particular move has caused a rift even among Conservatives; leaving the no-deal Brexit proposal unsupported by the majority of those in the British Parliament. As recent polls show, most UK citizens have had second thoughts about Brexit, as 34 percent said they would prefer staying with the EU, while only 23% percent favor a no-deal Brexit .

Three times the no-deal Brexit was kept at bay, as the UK government stalled on that decision by requesting extensions of the deadline for the finalisation of a Brexit deal. The final extension though is set on January 31, 2020, but this time, the extension will be time used for holding a general election; giving the UK citizens another chance to decide whether to stay with the EU or to go ahead with the no-deal Brexit.

Bankers and Fund Managers Warming Up to Aspiring Presidential Candidate Elizabeth Warren

Despite Senator Elizabeth Warren’s heavy pronouncements against the financial sector, bankers and fund managers are showing signs of warming up to her, expressing respect for her views and policies.

Sometime in March this year. Ms. Warren appeared in CBS’ “Face the Nation,” in which she asserted it is not right to call her a democratic socialist.  That is because often times, she has criticized some financial industry sectors as predatory. This presidential aspirant made clear her stance by stating,

“I believe in markets; but in markets that work…that have a cop on the beat. Markets that have real rules where everybody follows them.”

What Wall Street People are Saying about Elizabeth Warren Lately

Recently, Fortune Magazine interviewed people at Wall Street. They were surprised to receive feedback about Senator Warren that was quite different from what the majority were saying during the 2016 presidential election campaigns. According to Fortune, some had no qualms about giving their growing approval of the Democratic Senator from Massachusetts, while others requested anonymity; lest they face political pressure from associates who think Ms. Warren is just not right for their business

Yet even for those with liberal leanings, it was gathered that the Democratic Senator has become an acceptable alternative to incumbent president Donald Trump and the self-professed democratic socialist Senator Bernie Sanders.

Chief Investment Officer and founding partner of Atlas Merchant Capital, David Schamis, told Fortune that he has no trouble giving Ms. Warren his support, if ever she gets the Democratic presidential nomination. Mr. Schamis sees her as somebody who is intelligent, hardworking, thoughtful and responsible, whom he believes gives importance to the financial markets.

Schamis even added that there are people in his network, including the conservatives, who have high regard for the former Harvard Law School professor, having studied under Ms. Warren’s tutelage.

Tom Nides, Vice Chairman at Morgan Stanley and former Deputy Secretary of State to President Obama, gives Senator Warren credit for her accomplishments; citing her feat of setting up the Consumer Financial Protection Bureau as impressive. Although he clarifies he does not agree with all of Ms. Warren’s statements, he gives value to her idea and her drive in giving fruition to that idea.

Even Whitney Tilson, the former hedge fund manager, whom Elizabeth Warren derided in 2016 via a post on Facebook, recently wrote an article in Yahoo explaining why he is glad the Democratic Senator is running for president. Notwithstanding that Ms. Warren had lashed at him for being a Wall Street insider who allegedly stood to gain from Trump’s administration. Upon learning that Tilson had made small contributions to her campaign fund, Ms. Warren tried to patch things up by extending her apology to Tilson. .

Despite the 2016 incident, Tilson wrote that he agrees with Senator Warren’s general assessment.of the country

that they have allowed multiple systems to develop… screwing average people in countless ways, from health care, education, trade, criminal justice and trade, among other things’…“I’m glad she is running.”

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