Friday, June 30, 2017

A new Britain is stirring and it is the Tories who will reap the whirlwind - Independent

A new Britain is stirring and it is the Tories who will reap the whirlwind
Theresa May's vision for the UK as set out in the Queen's Speech is small, narrow and nasty but she will soon find the public mood is against her – and no wheat field to which she runs will provide an escape

James Moore So it begins.
A few days after discovering that although there's no magic money tree for nurses there’s one growing in Whitehall with £1bn on it for the Democratic Unionist Party, Theresa May has got her Queen’s Speech through Parliament.

Her small, narrow, and nasty vision for the United Kingdom of Great Britain and Northern Ireland will be made manifest over the coming months, at least so far as a threadbare legislative programme will allow.
The Prime Minister who said “Brexit means Brexit” because “the British people have made a decision” plainly has every intention of ignoring the decision they made about her and her policy programme on 8 June.

Explicitly asked by May to deliver a mandate for her hard Brexit and thus to legitimise a path that all but the most extreme Leave campaigners fought shy of during the EU referendum, the Great British public refused to give her one.

In fact, her divisive and morally bankrupt Government was rejected by a thumping majority of voters, denying her a majority in Parliament in the process.

Some of her supporters have taken to bleating that she still won because the Conservatives took the most seats.

But consider this. What the Prime Minister derided as a “coalition of chaos” – Labour, the SNP, the Liberal Democrats, the Greens and Plaid Cymru – secured nearly 53 per cent of the vote.

Her own shabby little coalition with the DUP, constructed to get her spartan, Brexit-dominated, two-year agenda over its first fence, managed to win the support of little more than 43 per of the electorate. Even Ukip’s sorry little band of supporters would only get her to 45 per cent.
British voters rejected her request, and her party, more decisively than they rejected the EU during the referendum on membership. She won the most seats only by dint of an increasingly antiquated and undemocratic electoral system.

In response, May is proposing to pretend that it simply didn’t happen. The member for Murdoch Central, Michael Gove, even had the gall to claim that her Tories would govern “in the national interest”.

What their marriage of convenience with the DUP decisively proves, as if anyone really needed it to, is that they will govern now and always solely in the interests of the Conservative Party.

Unfortunately for that party, another Britain is stirring.

It is tolerant. It is open-minded. It rejects a Government whose stale core still harks back to the 1980s.

It has no truck with the carping and bitter Britain that belches forth daily from the Tory tabloids. It has no desire to live in Daily Mail leader-land.

It has no time for a party whose leaders would accuse a BBC interviewer of lacking patriotism just for asking questions, as the increasingly ridiculous Angela Leadsom recently did. It looks on such Trumpian tactics with disdain.

As for the shallow band of swivel-eyed ideologues, ambitious chancers and incompetent public school rakes that defines the Government, and guides its direction? It rejects such offal.

May’s current tactic in response to the rise of this alternative Britain is to run into the nearest wheat field to shield herself from it, surrounded by a protective phalanx of policemen and women while she does. But she will not be able to ignore it forever because it is growing in strength and numbers.

It has values, where she and her colleagues do not. It cares about the disadvantaged and the dispossessed and wants to do better by them. It doesn’t mind paying a bit more in tax to ensure that happens.

It is multiracial, and comfortable with it. It is young. That’s not to say there aren’t older people who are a part of it. But it is driven by youthful energy.

This other Britain will not be content to stay in its box if the May Government persists with its threats to wreck the economy by sailing off into the North Sea. It will not stand by as the Prime Minister attempts to appease the bug-eyed band of ideologues that has been tweaking the tail of the Tory party for the past three decades.

It will not sit back as high-rise buildings burn and people die due to the Government's failure to fund fire-resistant cladding. It will not allow Britain to turn in on itself.

Saner heads in the Conservative Party might care to reflect on this, because if they do not, they will reap the whirlwind.

That could happen sooner than anyone thinks. The last election was just the beginning.

I still have my doubts about Jeremy Corbyn as the leader of this new Britain. I still believe he has something to prove before he is worthy of the crowds that belt out “oh Jeremy Corbyn” with such gusto.

But if he’s the man to tear up the depressing programme that the May Government has taken its first step towards enacting, and if he is prepared to embrace a big tent while so doing, then let’s hope he gets into Downing Street sooner rather than later.

Where Did America’s Summer Jobs Go? - TIME


Posted: 29 Jun 2017 03:57 AM PDT

It’s not like the jobs aren’t there. The ice cream still needs scooping. A Tilt-a-Whirl doesn’t run itself. And that floppy, weirdly heavy rubber frog that somersaults toward the rotating lily pads? Hit or miss, someone’s got to bring it back to the catapult for the next lucky player. The work of an American summer remains, sticky and sweet as cotton candy, which doesn’t sell itself either.
But when Jenkinson’s Boardwalk went looking for seasonal employees last year, the response was not at all what the company expected. To fill some 1,200 summer vacancies, an Easter-time job fair drew just 400 people. Applications did bounce up this year, but not nearly enough to reverse a grave trend that summer employers have noticed well beyond the Jersey Shore.

“It is getting harder to find students that will work,” says Toby Wolf, director of marketing at the boardwalk. “Each year it’s getting harder and harder. None of us has been able to pinpoint why. Is it a change in society as a whole?”
This is a question to chew over on the long road trip from Glacier National Park–where concessions could be staffed by Bulgarians on work-study visas–to Maine, which each summer struggles to fill the lifeguard chairs above its beaches. The same story holds at the water attractions at Wisconsin Dells and on Cedar Point’s roller coasters in Sandusky, Ohio. As a nation, we have lately endured the demise of comity and the fracture of factual truth. Are we now witnessing the slow death of the summer job?
Read More: What These Celebrities and CEOs Learned From Their Summer Jobs
The numbers are not encouraging. Forty years ago, nearly 60% of U.S. teenagers were working or looking for work during the peak summer months. Last year, just 35% were. Note the element of declaration: what the U.S. Bureau of Labor Statistics (BLS) tabulates are reports of actually desiring work during the months when most high schools and colleges are off. It is a statement of intent. Plotted on a chart, the decline is unmistakable and, since the turn of the new century, precipitous–plummeting 15 points in 15 years, to where we are now: only about every third youth working or looking for work this summer.
All this as the nation’s job outlook is what economists describe as “full employment” and as employers display a hale appetite for summer help. In a national online survey for CareerBuilder.com conducted in February and March, 41% of companies said they planned to hire seasonal workers–up sharply from 29% in 2016. The annual survey captures more than numerical truth. Asked who they planned to bring on for the summer, the responses revealed an intimacy not usually captured in top-line statistics: 34% said they planned to hire a friend, 30% a family member and 19% said they were putting their kid on the payroll.
Like other classic summer jobs, the Jersey Shore boardwalks still rely on students, who are harder to find Krista Schlueter for TIMELike other classic summer jobs, the Jersey Shore boardwalks still rely on students, who are harder to findIt’s a measurable economic activity that may not even be that much about money. On June 26, former Vice President Joe Biden climbed back into the lifeguard chair where he spent the summer of 1962, as a suburban kid watching over an inner-city pool in Wilmington, Del. “I learned so, so much,” he said at the ceremony where the pool was renamed for him. Summer jobs are like that, a rite of passage looked back upon over the course of the life those eight or 12 weeks might frame–or stand memorably apart from.
“I worked in a movie theater when I was 16,” says Judy Schram, now 64, as her 7-year-old grandson Max dangles a fishing pole with a magnet instead of a hook over a gurgling stream of plastic fish on the Point Pleasant boardwalk. “I sold Christmas cards door-to-door. Oh, and I had a paper route–took it over from my big brother when I was 10. My parents wanted us to work. And we had chores. Nowadays it’s completely different. Kids don’t work now.”
The payroll offers at least partial confirmation: more and more, jobs historically done by vacationing students are being taken by older Americans forced to extend their working lives, or foreigners looking for their chance. At the same time, for many young Americans in the second decade of the 21st century, the choice is not between a summer job and a summer idyll. (Of course for many teenagers whose families need the money, not working during the summer is not an option.) The preoccupations of the heavily scheduled school year–college preparation, organized sports, volunteer work–are also determining what one does on summer vacation.
But not for all. It’s 15-year-old Madison Andrews who lands the plastic fish for Max, flips it over and explains he can have two small prizes or one medium. On the cusp of her sophomore year in high school, she is delighted with her first job. As a minor she’s paid only $6.50 an hour, but points out that she can go on the beach for free before her shift (in many parts of New Jersey, you have to pay).
“I love kids, and I also need money,” Andrews says. “I want to save up for a car.”
What’s changing in America? Not observations on kids these days. Polls confirm what the heart already knows: every generation thinks the one coming up behind it is at least a little bit spoiled. The sentiment is expressed first as aspiration–the desire to see your kids live better than you were able to–and then, if prosperity indeed arrives, as complaint. “Kids don’t work anymore,” says the manager of a company that struggles to recruit teen counselors for sleepaway camps, speaking privately to vent. “Mine are 12 and 14, and they want everything to be done for them.”
But what has most assuredly changed is how much more some of us are prospering compared with others. The rich are indeed getting richer–average income for the top 5% of households has reached $350,000 a year, with the upper middle class, defined as the top 20%, averaging $200,000. Everyone else in America more or less treads water.
On the Jersey Shore, the differences are visible not only at the boardwalks, but in the neighborhoods that butt up against them. The rows of one-story working-class rentals that novelist Richard Ford described as “little desperate houses” are being replaced, after the floods of Superstorm Sandy, by multistory palaces measuring 6,000 sq. ft. These lavish second homes are intended not just for changing clothes or naps between trips to the beach, but for an altogether more expansive vision of the good life, with floor-to-ceiling glass and Calphalon cookware hanging over the range.
This sorting of the U.S. population at least begins to account for the change in how teens are spending their summers. The BLS reports that, in a societal shift as slow (and as relentless) as the movement of tectonic plates, less affluent older workers are indeed delaying retirement and taking part-time jobs in fields, like food preparation, where teens are now working less. But the same market forces that require some to keep thinking about work later in life compels their grandchildren to begin thinking about it earlier and earlier.
The calculus begins with a question: What makes the biggest difference in a lifetime’s income? The answer has been shown to be higher education. A bachelor’s degree or higher pays a premium of more than 85%. Kids have been told this forever, and for the last couple of generations–the members of X and Y–preparation for success began in kindergarten. And those plans do not encourage passing July afternoons painting houses.
Some frame the choice as having a summer job or building a résumé Krista Schlueter for TIMESome frame the choice as having a summer job or building a résumé“It’s too competitive. There’s too much pressure,” says Dan Schawbel, author of a book titled Promote Yourself. “Getting into college is much harder than it was for boomers. Getting a job is really hard. So you’ve got to get started as early as possible.” Schawbel offers his own career track as an example. He got his own internship in high school (making cold calls), and followed that up the next summer with one designing brochures for a travel agency. Today he translates the workplace’s generation gaps through a company called Millennial Branding, which produces surveys like the one showing 77% of high school students are interested in volunteering to gain work experience. That is, working to put a line on a résumé, or college application, but no actual pay.
At the Jersey Shore, Wolf has noticed the trend on the boardwalk, when she tells the unpaid interns–kids with an eye toward a career in marketing–that their schedule can be fit around their other obligations. “They say, ‘No, I want to make these a priority,'” Wolf says.
The competitive college process, which has put a premium on students’ extracurricular and volunteering work, incentivizes this behavior. The National Honor Society, for example, has quotas for volunteer work.
Then there’s school. American kids are packing much more into their K-12 years than baby boomers ever did. Summer school, once seen as a punishment for laggards, now functions as an academic accelerator; 40% of 16-to-19-year-olds were enrolled in school last July, according to the BLS. It’s work that may not produce wages, but certainly counts as an investment–and, from the perspective of long-term returns, quite possibly the most efficient use of their time. As the BLS says: “Teen earnings are low and pay little toward the costs of college.”
All of which sketches a portrait of the modern student as a diligent careerist. Is it coincidental that, over the past decade or two, high school students left the summer-job market in exactly the same numbers as they swelled the ranks of colleges? Depends who you ask. On the Jersey Shore boardwalk, the U.S. students who are working for an hourly wage acknowledge the new exigencies with a nod. Then they offer a personal observation about teens who don’t work. These are their friends, after all.
“I think it’s the way you’ve been raised. They’re given things instead of working for them,” says Alana Masino, 20, working her sixth summer at Kohr’s Frozen Custard. She is studying education at nearby Georgian Court University. “I mean, I’ve taken summer classes and worked at the same time. So I think it’s a luxury.”
Out in the parking lot, wreathed in the citrusy odor of the sunscreen four young men are slathering on their torsos before heading across Ocean Avenue, some of those who’ve opted out explain why.
“I have my PCAT,” says Jim Fattal, 19, on why he hasn’t taken a paying job to fill the time between his first year and second year at Albany College of Pharmacy and Health Sciences. The Pharmacy College Admission Test is what the LSAT is to law schools and the MCAT is to medical schools, and taking time off to study for it makes sense, Fattal says.
“For me,” says Maxx Oberti, also 19, “it’s because I’m actually going to be a flight instructor in Daytona Beach. Also, I’m always doing sports and stuff, so I never had time.” The expansion of youth sports into an all-consuming, year-round activity has thinned the ranks of prospective summer workers too. “I have sports during the summer,” says Jeffrey Bennett, 16, who points out he works at the Boys & Girls Club during the school year.
Of the four friends down for the day from Wayne Township, only Benjamin Coghlan, 19, took a summer job, working in sales at Bed Bath and Beyond; last year it was Babies “R” Us. “I’m doing it because I want to be a mechanical engineer,” Coghlan says. “They want experience everywhere, to show you can talk to people.”
None of the beach gang come from notably wealthy homes. Their parents are a cop and a nurse, a civil engineer and a homemaker, a pager technician. “I mean, my parents will pay for some stuff,” says Coghlan, “but they won’t let me just blow money.” With a glance toward the midway, he adds: “I would love a job like working at a boardwalk. But where we live, it’s working in a mall.”
It’s really not the same, is it? The galleria has contributed meaningful moments to the myth of American adolescence, but in warm weather, it’s the outdoors that beckon. The summer job, like the season and its velvety nights, is temporary if not fleeting. By tradition it is more about summer than about job, and more about living than about building a résumé, which may be why even miserable jobs can prove, in retrospect, of gemlike value. In a country with fewer and fewer social levelers–the draft ended in 1973–a college kid might learn more from a dozen weeks on a road crew than haunting any corporate suite, paid or not.
And if, in fact, the summer job is in decline, its essential value to the country is not. The proof of this is the sheer number of foreigners arriving to do it.
“I love this place. It feels like a movie,” says Karla Medina, taking a break from her job shucking oysters and shaping crab cakes above the Point Pleasant Beach boardwalk. She arrived in May from the Dominican Republic, where she is studying industrial engineering. Her bill of passage was a J-1 visa, one of about 300,000 work-study permissions the State Department issues in a year, after the usual vetting, to allow in foreign students for exchange programs–and also to fill the jobs American college kids don’t do. The Jenkinson’s Boardwalk has 113 guest workers this year, nearly twice as many as last year, working everywhere from arcades to garbage duty.
“The elimination of the J-1 program would devastate the overall tourist economy of the United States. It would have an absolutely brutal effect,” says Tom Diehl, president of the Tommy Bartlett Show, the marquee attraction of Wisconsin Dells, which relies on foreign workers for about half of its 10,000 employees.
Almost every tourist destination goes abroad to recruit each winter. Concessions from Yellowstone to Great America send agents through Bulgaria, Taiwan, the Philippines, Ecuador. U.S. ski resorts hire students from southern-hemisphere nations like Australia and Argentina, where summer breaks line up with the Christmas rush. About 15 years ago, Tommy Bartlett set up its own pipeline direct from Finland. “If anyone says these people are taking jobs away from Americans, they don’t know what they’re talking about,” Diehl says.
It’s a bargain all around. “The cost of studying abroad in somewhere like the U.S. is prohibitive,” says Phil Simon, a vice president at CIEE, a Portland, Maine, firm that lines up employers with foreign students. “But if you have the opportunity to hone your skills, work on your English and make a friend network, it’s very attractive.”
The downsides for the workers are fees to an agency and the cost of airfare. The upside? Earning at least minimum wage, which is better than back home, discounted housing and board, and the opportunity to experience the nation that looms large in TV and film almost everywhere in the world. The most enduring U.S. export after all remains popular culture. Last year, a boardwalk guest worker who grew up idolizing LeBron James drove from Point Pleasant Beach to Cleveland, scored an NBA Finals nosebleed seat and made it back in time for his shift.
In a nation of immigrants, they are hard to pick out by sight. But Chris Stewart, who handles HR for Jenkinson’s, points them out on a Thursday in June: a pair of newly arrived Romanian workers, still dazzled by the New York City skyline; three wide-eyed Taiwanese, just picked up from the airport. Stewart himself grew up in New Jersey, and thought he wanted to make it big on Wall Street. But after spending time there he realized there was more to life. As if to underscore the perspective one can glean over a summer, he heads over to a stand and comes back with Petar Zuzic, a handsome 25-year-old from Croatia, back for his second summer serving food to sunburned Americans. “Half the things people asked for, I’d never heard of,” he recalls of his first season. “‘Cheese steak,’ what’s that?”
He’s got his feet under him now, but still has a fresh eye for the telling cultural difference. He used to work summers in the local tourist industry of his hometown, on the Adriatic Sea, but the pace wasn’t nearly as fast. School was different too. He’s studying law, which in Croatia you can do for free if your keep up your grades. “Here it’s quite a difference experience, of course. It’s entirely out of my field,” Zuzic says of his seasonal employment in America. “You get other points of view. It’s valuable.”
And after all, who ever took a summer job just for the money?
–With reporting by MERRILL FABRY/NEW YORK

This appears in the July 10, 2017 issue of TIME.

Thursday, June 29, 2017

Trump rakes in $10 million at first re-election fundraiser - CNBC News

Trump rakes in $10 million at first re-election fundraiser
President Donald Trump amasses $10 million at first fundraiser ahead of 2020 election campaign.
Protesters gather outside Trump International Hotel in New York.
Up to 300 guests attended, paying $35,000 per head.
President Donald Trump was whisked a few blocks from the White House to the Trump hotel on Wednesday night for his first re-election fundraiser, where he raised an estimated $10 million behind closed doors.

Some 40 months ahead of the 2020 election, the president held court for about two hours at a $35,000-per-plate donor event at the Trump International Hotel. About 300 people were expected to attend the event, which was expected to raise about $10 million, said Lindsay Jancek, a spokeswoman for the Republican National Committee.

Security was tight at the hotel, where guests in long gowns and crisp suits began arriving around 5 p.m. But the event also drew critics. The president's motorcade was greeted by dozens of protesters, who hoisted signs with slogans like "Health care not tax cuts" and chanted "Shame! Shame!"

Among the fundraiser's attendees: Longtime GOP fundraiser-turned television commentator Mica Mosbacher and Florida lobbyist and party financier Brian Ballard were among the fundraiser's attendees.

Breaking the tradition of his predecessor, Trump didn't allow reporters into the event — despite an announcement earlier in the day that a pool of reporters would be allowed in to hear the president's remarks.

"It's a political event and they've chosen to keep that separate," White House deputy press secretary Sarah Huckabee Sanders said when asked why the event is closed to the media.
After reporters complained, Sanders announced that the president's remarks would be opened to the press — only to reverse herself hours later.

Sanders said there was nothing unusual about raising political cash so early.

"He's raising money for the party," she said. "I don't think that's abnormal for any president."

Sanders' statement that Trump is raising cash for the GOP told only part of the story, though.

The first cut of the money raised goes to Trump's 2020 re-election campaign. The rest gets spread among the RNC and other various Republican entities. Having multiple beneficiaries is what allowed Trump to ask for well above the usual $5,400 per-donor maximum for each election cycle.

Those contribution limits are likely to change because this fundraiser is so early that new donation limits for 2020 have not been set by the Federal Election Commission.

rump's hotel has become a place to see and be seen by current and former Trump staffers, as well as lobbyists, journalist and tourists. Several Washington influencers popped into the hotel's lobby even though they didn't plan to attend the event.

Several bar patrons also expressed enthusiasm about the unusually lucrative fundraiser so soon after the last election.

Trump's decision to hold a fundraiser at his own hotel again raised issues about his continued financial interest in the companies he owns. Unlike previous presidents who have entirely divested from their business holdings before taking office, Trump moved his global business empire assets into a trust that he can take control of at any time. That means that when his properties — including his Washington hotel — do well, he stands to make money.

Trump technically leases the hotel from the General Services Administration, and profits are supposed to go to an account of the corporate entity that holds the lease, Trump Old Post Office LLC. It remains unclear what might happen to any profits from the hotel after Trump leaves office, or whether they will be transferred to Trump at that time.

Under campaign finance rules, neither the hotel nor the Trump Organization that operates it can donate the space. It must be rented at fair-market value and paid for by either the Trump campaign, the RNC or both.

First-time candidate Trump got a late start on fundraising in 2016, holding his first big-ticket donor event only five months before Election Day. This time, he's started unusually early.

Trump's historically early campaigning comes with benefits and challenges.

In the first three months of this year, the Trump campaign raised more than $7 million, through small donations and the sale of Trump-themed merchandise such as the ubiquitous, red "Make America Great Again" ball caps.

The RNC also is benefiting from the new president's active campaigning, having raised about $62 million through the end of last month. The party has raised more online this year than it did in all of 2016 — a testament to Trump's success in reaching small donors.

Trump's re-election money helps pay for his political rallies. He's held five so far, and campaign director Michael Glassner says those events help keep him connected to his base of voters.

The constant politicking, however, means it is challenging for government employees to avoid inappropriately crossing ethical lines. Some watchdog groups have flagged White House employee tweets that veer into campaign territory. White House spokeswoman Lindsay Walters says the employees work closely with lawyers to avoid pitfalls.

Walters also says the White House takes care to make sure that Trump's political events and travel — including the Wednesday fundraiser — are paid for by the campaign and other political entities.

Wednesday, June 28, 2017

Indonesia imposes travel ban on Trump's business partner - Reuters

Indonesia imposes travel ban on Trump's business partner

Indonesian authorities have imposed a travel ban on tycoon and politician Hary Tanoesoedibjo, who is building resorts to be managed by Trump hotels, over an investigation into allegations he threatened a prosecutor via a text message.

Tanoesoedibjo has been given a 20-day overseas travel ban starting on June 22 based on a request by Indonesian police's criminal investigation unit Agung Sampurno, a spokesman at the immigration directorate said on Wednesday.

The Indonesian billionaire "is under investigation related to a violation of the information and electronic transactions law," Sampurno said.

Tanoesoedibjo, whose MNC Group controls businesses ranging from media to property, has been named a suspect for allegedly sending a threatening message to a prosecutor investigating a case involving Mobile 8, a telecommunications company previously owned by MNC Group.

Tanoesoedibjo's lawyer could not be reached on Wednesday but in an earlier statement dismissed the allegations. "The content of Hary Tanoesoedibjo's SMS is general and idealistic and does not threaten anyone," his lawyer Hotman Paris Hutapea said.

Part of Tanoesoedibjo's text message read: "If I am the leader of this country, then that's where Indonesia will be changed and cleared of things that are not as they should be," according to the statement from the lawyer.

Tanoesoedijo has also denied the allegations in media reports. Breaching the law can carry a maximum jail term of four years and a maximum fine of 750 million rupiah ($56,000)

The tycoon, who in the 2014 election ran as a candidate for vice president, founded his own a political party in 2015 and said in January he would decide before the end of next year whether to run in the 2019 presidential election.

He described U.S. President Donald Trump's victory as inspiring for candidates with little political experience and attended Trump's innauguration in Washington in January.

His company is currently building two luxury resorts in the island of Bali and in West Java, which would be managed by Trump Hotel Collection.

Philippines says bodies of beheaded civilians found in rebel-held town
Cyber attack sweeps globe, researchers see 'WannaCry' link
In an interview with Reuters ahead of Trump's inauguration, Tanoesoedibjo dismissed concerns by ethics officials that Trump's overseas business deals might be vulnerable to conflicts of interest.

Tanoesoedibjo also said in February that while his relationship with the U.S. president has been focused on business he could help ties between the nations "if needed".

Several leaders in Muslim-majority Indonesia have expressed concerns over Trump's tough immigration stance.

($1 = 13,325 rupiah)

(Reporting by Fransiska Nangoy and Cindy Silviana; Editing by Ed Davies and Michael Perry)

EU slaps Google with record $2.7 billion fine - CNN Money

EU slaps Google with record $2.7 billion fine
by Ivana Kottasová
June 27, 2017: 9:24 AM ET
European Union regulators slapped Google with a record €2.4 billion ($2.7 billion) antitrust fine on Tuesday, the latest broadside fired at big American tech companies doing business in the region.
The European Commission found that the U.S. tech giant denied "consumers a genuine choice" by using its search engine to unfairly steer them to its own shopping platform.
Regulators said that Google must change its behavior within 90 days or face additional penalties.
"What Google has done is illegal under EU antitrust rules," said Margrethe Vestager, the bloc's top antitrust official. "It denied other companies the chance to compete on the merits and to innovate. And most importantly, it denied European consumers a genuine choice of services and the full benefits of innovation."
Google (GOOGL, Tech30) said in a statement that it tries to show ads in ways that are helpful for buyers and sellers.
"We respectfully disagree with the conclusions announced today," a Google spokesperson said. "We will review the Commission's decision in detail as we consider an appeal, and we look forward to continuing to make our case."
The Commission said that Google acted illegally by giving priority placement in search results to its own shopping service, while relegating results from rivals to areas where potential buyers were much less likely to click.
It could have fined Google as much as 10% of its annual sales, or roughly $9 billion.
The $2.7 billion fine represents just over 2.5% of Google's revenue last year and Alphabet, Google's owner, had $92.4 billion in cash as of end of March.
Vestager said Google's competitors could claim compensation in national courts within the EU. She said hundreds of companies, including some based in the U.S., complained about the way Google displayed its shopping service.
Shares in Alphabet dropped by 1.2% in premarket trading.
Tuesday's fine dwarfs the previous EU record antitrust penalty of €1.06 billion ($1.2 billion) imposed on Intel (INTC, Tech30) in 2009. Intel has been fighting to overturn that decision ever since.
Google's regulatory headache in Europe doesn't end with the online shopping case, which dates back to 2010.
The EU has also accused the Silicon Valley titan of abusing its market position by imposing restrictions on Android device manufacturers and mobile network operators.
It is also investigating the company's ad placing service, AdSense.
Related: Nike is the next U.S. company in Europe's crosshairs
American firms have come under increased scrutiny in Europe on issues related to tax and competition.
Apple (AAPL, Tech30) is fighting a European demand that it repay €13 billion ($14.7 billion) in back taxes to the Irish government.
Facebook (FB, Tech30) was fined by antitrust regulators in May for misleading officials over its takeover of messaging service WhatsApp. The same month, Amazon (AMZN, Tech30) agreed to change its distribution agreements with e-book publishers to address antitrust concerns raised by the Commission.
And in early June, antitrust officials launched investigations into claims that Nike (NKE) may have broken EU laws by restricting how traders can sell licensed merchandise. Comcast's (CCV) Universal Studios is being investigated on the same grounds.
Vestager rejected any suggestion of anti-American bias, telling reporters on Tuesday that an analysis of investigations her department has launched found that U.S. companies were not being disproportionately targeted.
-- Paul R. La Monica contributed reporting.
CNN Money