In less than one month, Conservative Party members will elect a new leader from a two-man shortlist. Under normal circumstances, what happens next would be obvious – Theresa May would resign and the winner would be called on by the Queen to form a government and take office as Prime Minister. However, with the Conservatives lacking a parliamentary majority and normal party loyalties skewed by Brexit, the current scenario is far from normal. Robert Hazell and Meg Russell identify six key constitutional questions that the Conservative leadership election raises for the winner, his party, the Palace and parliament.
With the Conservative Party leadership contest in full swing, the expectation is that Britain will soon have a new Prime Minister. But the process has opened up some significant constitutional controversies. This is the first time that party members will potentially directly elect a new Prime Minister, and this innovation is happening…
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Terence Corcoran explains at the Financial Post: The world needs more of what Exxon is selling (and will for decades). Excerpts in italics with my bolds.
World demand for Exxon’s products, fossil fuels, is expected to increase and remain steady over the coming decade
It’s the kind of story that lights up headlines: one of Britain’s biggest fund managers started selling shares in Exxon Mobil Corp. because the global oil giant wasn’t doing enough to address climate change.
The investment fund manager, Legal & General Investment Management (LGIM), oversees $1.3 trillion, making it the 11th largest money manager in the world. Legal and General (as it is called) is also one of scores of investment management firms, activists and hand-wringing organizations that are part of the burgeoning global sustainable and environmental social finance and governance effort to promote collaborative engagement and foster responsible investment and divestment. The…
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Earlier I posted ‘the dog ate my homework’ regarding the failure of several Ministers to reveal their diaries
Jacinda Ardern and Grant Robertson are leading from the front as the country’s busiest ministers, according to new data released by the government.
But the same data shows Winston Peters holding just a third as many meetings as the Prime Minister.
The Labour-led coalition has opened its ministers’ diaries to public scrutiny for the first time, revealing just how the people running the country spend their days.
While five ministers missed the deadline, RNZ has analysed the 85 percent of data available – more than 31,000diary entries. The diary entries reveal the Prime Minister unsurprisingly has the most appointments of anyone in cabinet, with 2512 and counting between the formation of the coalition government and the end of April.
Peters, the Deputy Prime Minister and leader of…
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Chari, V. V., Patrick J. Kehoe, and Ellen R. McGrattan. 2009. “New Keynesian Models: Not Yet Useful for Policy Analysis.” American Economic Journal: Macroeconomics, 1 (1): 242-66.