Wednesday, June 22, 2016

No British PM has promoted EU membership benefits since 1997 - Independent

In many ways, it is no surprise that we stand on the brink of Brexit. No major British politician has made a positive case for EU membership since Tony Blair’s short-lived attempt in 1997 to end what he called our “half in and half out” relationship with Europe.
If we vote to leave, David Cameron will be blamed by politicians who wanted to remain for his unnecessary and reckless gamble of an in/out referendum. But it would not be all his fault. I have watched our prime ministers perform at EU summits since 1987 when Margaret Thatcher in power. “Perform” is the right word because it was usually a performance aimed at a domestic audience. Of course other EU leaders played the same game, but most were committed to a vision of European co-operation and solidarity that Britain never was.
After Thatcher’s handbag-wielding won the rebate on Britain’s EU contributions, her successors in Downing Street, egged on by most of our newspapers, felt it necessary to portray the EU as a never-ending battle between us and them. Our prime ministers played a zero sum game, instead of explaining the inevitable need  for compromise in a club that expanded to 28 members.

They trumpeted our gains as something won from a hostile enemy, and rarely explained the positive benefits of EU membership.

What's the European Parliament ever done for us?

John Major tried to put Britain “at the heart of Europe” but ended up declaring “game, set and match”. His pro-EU stance sparked the rebellion among Tory Eurosceptics, who gradually raised their sights from reform to withdrawal – a campaign that could culminate in a remarkable victory today.

Blair sold the UK to the rest of the EU, his high water mark being a defence co-operation deal with France in 1998. But during his “walking on water” phase, he missed the greatest opportunity to sell the EU to the British public. Although being pro-European was a central part of New Labour’s modernising project, Blair preferred appeasing Euroscepticism to tackling it head-on.

Blair saw joining the euro, the EU’s central project, as Britain’s “destiny” but the decision was sucked into the power struggle between him and Gordon Brown, who rightly blocked early entry.  Blair’s pro-European dream ended in failure.

By the time Brown succeeded Blair, the new Prime Minister’s relationships with other EU leaders were sour. As Chancellor, he had angered fellow finance ministers by picking an item on their agenda on which there was pre-cooked agreement, “demanding” such an outcome in media briefings before the meeting and declaring victory afterwards. Bemusement among his counterparts turned to anger.

Cameron, scarred by Major’s struggle to lead an ungovernable party, told the Tories to stop “banging on about Europe”.  But he shied away from a showdown with his Eurosceptics, preferring to pander to them –  a big mistake, because any concessions were gobbled up and quickly followed by more demands. Although there was no great clamour from the public, the rebellion within and the external threat from Ukip persuaded Cameron to offer an in/out referendum in 2013. The die was cast.
To win the Tory leadership, Cameron had pledged to take Tory MEPs out of the mainstream centre –right EPP group, whose figurehead is Angela Merkel, the most powerful figure on the EU stage.
The decision returned to haunt him. As Prime Minister, Cameron found himself with only one ally when he “vetoed” an EU fiscal pact in 2011. The rest of the EU went ahead with it anyway.
At the Brussels summit, I asked Cameron how it served the national interest for us to be so isolated. He replied that it was about “doing the right thing.” It was really about getting another headline in the Eurosceptic papers.

He made the same error in a doomed attempt to stop Jean-Claude Juncker becoming European Commission President. Realising but not admitting his earlier mistakes, Cameron adopted a much more conciliatory approach towards other EU leaders in a frantic renegotiation of Britain’s membership terms. But he had so little credit in the bank that he won very few concessions.
Unable to fight the referendum on such a wafer thin deal, he had to rely on the economic risk of leaving the EU.
Nor could Cameron run a positive campaign about the EU’s benefits. A two-month referendum campaign was never going to turn round 30 years of Brussels-bashing by many of our politicians and newspapers, often based on myths and the spectre of a phantom super-state.

Our self-imposed, semi-detached status means, I believe, that we would get a rotten deal if we leave. You could hardly blame our EU “partners” because we have only ever been half in. They want us to stay but would probably want a quickie divorce if we decide to walk out.
The attitude of other EU leaders would inevitably be shaped by what is best for them. Our game of us versus them would reach its apotheosis, and we might not even be allowed in the room when they discuss the divorce settlement.
A desire to discourage demands for In/Out referendums in France, Denmark and the Netherlands by giving the UK bad exit terms, would trump any desire not to punish an always rather annoying former partner. As the Greek euro crisis showed, we should never underestimate the determination to keep the EU project alive.
The result: Brexit would mean a worse deal on trade and co-operation than we have now. Worth thinking about when you vote.

Warren Buffett Wants to Help Your Child Start a Small Business This Summer - TIME


Posted: 20 Jun 2016 04:00 AM PDT

Just in time for summer, the folks at Warren Buffett’s Secret Millionaire’s Club have condensed the Oracle of Omaha’s business savvy into a digestible book for kids. It is meant to stir the passions of teen and pre-teen entrepreneurs, and give them a meaningful alternative to video games and the swimming pool and, perhaps, the consequences of Mom and Dad’s mounting impatience.
Much of the wisdom in the colorful and animated How to Start Your Very First Business is already available online via the Secret Millionaire’s Club website. The site features 26 “webisodes” of animated youngsters grappling with the profit-loss aspects of things like lawn cutting, dog walking, and running the ubiquitous lemonade stand. But the book adds context, step-by-step instructions, worksheets, and goes beyond clichéd ideas.
Authors Julie Merberg and Sarah Parvis, with guidance from Buffett, serve up 21 business ideas for kids. Their suggestions include filming and editing highlight reels for student athletes seeking a scholarship, collecting yard waste to compost and later selling the soil, decorating skateboards, blogging about local events and selling ad space to local businesses, being a DJ at parties, and building and selling birdhouses.
Buffett is involved because he believes entrepreneurship at an early age introduces and reinforces habits that will breed long-term success, even if the summer venture doesn’t amount to much. “Learning the value of being honest, being willing to take risks and fail, and protecting your reputation are among the lessons that form the fabric of success,” Buffett writes in the forward.
Read next: How a Kiddie Roth Can Double Your Child’s Retirement Savings
These themes are explored in the book alongside basics like start-up and operating costs. Buffett’s guiding principal is that the best investment one can make is an investment in oneself. The book champions education, hard work, honesty, service, passion and presentation. The authors use plenty real-life examples of kids and their businesses, and call on Buffett frequently for inspiring “words from Warren.” In a section on growing your business, Buffett notes, “the more you learn, the more you’ll earn.”
This book is not likely to light a fire under the average 12-year-old. It has serious layers of business advice, albeit written simply and in practical terms. So it’s best suited for kids who already have demonstrated an entrepreneurial spirit and are looking to give their venture a real shot.
I could have used it myself. As a youngster in the open spaces of Missouri, I bought firecrackers and bottle rockets in bulk and intended to resell them to classmates before the Fourth of July. But when I made my bulk purchase in May I did not account for school being out for the summer at peak firecracker season. How would I market them? This book has a chapter on marketing, including how to use free advertising boards at the supermarket, community center or post office, how to use social media and build a free website, and even how to get a local reporter’s attention and write a press release.
Read next: New Marvel Comic Aims to Teach Kids Money Smarts
The book also explains how to differentiate your product or service, find the right location, and grow your business—all major concerns to Fortune 500 corporations and adaptable to a lemonade stand (offer a variety of flavors, find a busy sidewalk). The idea here is not to make a lot of money; it’s about exposing kids to an experience that will offer valuable life lessons.
In words from Warren: “Can you really explain to a fish what it’s like to walk on land? One day on land is worth a thousand years of talking about it, and one day running a business has exactly the same kind of value.” Two days, or a week or a month, has even more value—and it simply cannot be found in a video game or at the swimming pool.