The Great Debate UK

from The Great Debate:

What’s happening in Iraq? Some smart takes to help figure it out.

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The Iraq created in large part by the United States after the 2003 invasion appears to be collapsing.

The U.S. military disabled Saddam Hussein’s forces in short order. Then the straightforward part of the war ended. The American-led Coalition Provisional Authority made some fateful choices soon after Saddam’s government collapsed: to disband the Iraqi Army -- one of Saddam’s main methods of keeping the nation together -- and remove all Baathists from the government. Since the Baathists previously had a monopoly on power, they were the only ones who knew how to keep the country running.

Those factors, among many others -- the withdrawal of the restraining hand of the U.S. military, a Shi’ite-dominated central government that has squeezed out the minority Sunni, and a largely sectarian Syrian civil war across an undefended border -- are now playing out as Islamist insurgents sweep across the country in a massive offensive that has encountered minimal resistance from the reincarnation of the Iraqi Army.

You can learn who’s who in the battle here, and what the insurgents -- known as the Islamic State of Iraq and the Levant (known as ISIL or ISIS) -- want here.

from Breakingviews:

Brazil’s companies need soccer team’s global clout

By Dominic Elliott

The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

Brazil’s corporate squad pales beside its soccer stars. The country’s national football side has unquestioned world-class quality in almost every position on the pitch. Yet if there were a World Cup for businesses, Brazil would struggle to get past the group stage.

Confessions of a mobile shopaholic

–Martha McKenzie-Minifie is Editor of International Consumer Economics and Ian Bright is Senior Economist at ING. The opinions expressed are their own.–

In the 2009 film Confessions of a Shopaholic, Rebecca Bloomwood remembers herself as an enchanted seven-year-old, watching shoppers hand over their credit cards and walk out of the store with new shoes, dresses and other shiny, sparkly splurges: “They were beautiful, they were happy. They didn’t even need any money. They had magic cards.”

The Banking Standards Review Council has the potential to make a difference

–Tim Dolan is a Partner in the Financial Markets team in King & Wood Mallesons SJ Berwin’s London office. The opinions expressed are his own.–

With the Financial Services Authority (FSA) already replaced by the Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA), what use does the UK have for another new financial sector body, the Banking Standards Review Council?

from Breakingviews:

Investors cheer for Brazil World Cup rout

By Rob Cox

The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

At the opening of the Confederations Cup in Brasilia a year ago, President Dilma Rousseff was booed by thousands of soccer fans for all of Brazil to see. It’s easy to understand then why she isn’t planning to speak at Thursday’s opening ceremony of the World Cup. An embarrassing turn as host of Earth’s biggest sporting event - or crushing repeat of the 1950 Maracanaço - may be the greatest obstacle to her clinching a second term.

from The Great Debate:

Bergdahl reveals the impossible choices faced by hostages’ families

U.S. Army Sergeant Bowe Bergdahl waits in a pick-up truck before he is freed at the Afghan border

The furor surrounding the exchange of five Taliban prisoners for Sergeant Bowe Bergdahl this week has exposed the murky world -- and impossible choices -- of the families of Americans taken captive by militants.

Demands for vast ransoms or for prisoner releases put these families in the excruciating position of seeming to be able to save a loved one’s life. Meet demands and your beloved lives. Hesitate and carry responsibility for their death to your grave.

D-Day Dispatch: The first reporter on the beach

“I have full confidence in your courage, devotion to duty and skill in battle. We will accept nothing less than full Victory.” Dwight D Eisenhower, D- DAY – June 6, 1944

  <em>"Since before daybreak, bombers and fighters had cascaded their cargoes on German gun emplacements and pillboxes, scoured the skies for the Luftwaffe and probed ahead for tactical targets. This was war in its totality, theatrical and terrifying. The greatest combined operation in history was underway and this time, I was not just in the stalls but on the stage."</em>Doon Campbell, Reuters correspondent, ‘Magic Mistress – A 30 year affair with Reuters’</p><p> 

“Since before daybreak, bombers and fighters had cascaded their cargoes on German gun emplacements and pillboxes, scoured the skies for the Luftwaffe and probed ahead for tactical targets. This was war in its totality, theatrical and terrifying. The greatest combined operation in history was underway and this time, I was not just in the stalls but on the stage.”Doon Campbell, Reuters correspondent, ‘Magic Mistress – A 30 year affair with Reuters’

Youth is the answer to the EU’s troubling voter turnout rate

MJC–Dr Marie Julie Chenard is Deputy Head of the Cold War Studies Programme at LSE IDEAS and Academic Officer for the Dahrendorf Symposium Project at the London School of Economics and Political Science. The opinions expressed are her own.–

The European elections are the second biggest exercise in democracy world-wide (behind India). Nearly 400 million EU citizens were eligible to vote their representatives to the European Parliament between the 22nd and 25th May, but only 43% actually did. What can be done to increase participation in elections that have an impact on 500 million people?

from The Great Debate:

Eyewitness Views: From hope to horror in Tiananmen Square


Eyewitness View: From hope to horror in Tiananmen Square On Changan Avenue, a small crowd confronts the People's Liberation Army (PLA) in Tiananmen Square after the army stormed the square and the surrounding area the night before. This is near the location a day later where "Tank Man" confronted and momentarily halted a column of the army's tanks leaving the square. (Alan Chin)June 4, 1989. In Chinese the reference is usually made with just the numbers “Six Four,” like in English, “9/11.” As the 25th anniversary of the Tiananmen ...

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Italy – the new good man of Europe

Up until Monday, Italy used to be known as the sick man of Europe. It has huge debts, sclerotic growth and had been ruled by a billionaire prone to a bunga-bunga parties. It was at risk of becoming the laughing stock of the currency bloc. The relationship in recent years between Italy and Germany has been dreadful. But could things be about to change?

Italy could become the best man of Europe after the EU elections last weekend. Italian Prime Minister Matteo Renzi’s Democratic Party won an impressive 33% of the vote, beating off competition from the anti-establishment Five Star Movement led by Beppe Grillo. Silvio Belusconi’s Forza Italia was left straggling in Renzi’s wake with only 18% of the vote.

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