FILE - In this March 28, 2017 file photo, Jo Johnson visits the the European Commission in Brussels. A transport minister in the British government stepped down Friday, Nov. 9, 2018 to protest Prime Minister Theresa May’s Brexit plan and is backing calls for a second referendum on whether the country should leave the European Union. Jo Johnson, younger brother of former Foreign Secretary Boris Johnson, said Friday that the withdrawal agreement being discussed would greatly weaken Britain.  (Stefan Rousseau/PA via AP, file)
Jo Johnson has resigned from his position as transport minister in the British government and is backing calls for a second referendum. Stefan Rousseau/PA

Brexit will change the shape of Europe – it's time both leavers and remainers face that fact



Less flamboyant than his brother but still capable of a deadly turn of phrase, Jo Johnson, Boris's brother, quit as a British transport minister on Friday in rebellion against an "incoherent Brexit".

As pressure reaches a peak in the Brexit negotiations, Britain is as divided as ever on its future. Boris, the former foreign secretary, is a passionate leaver, while Jo is an equally passionate remainer.

These family tensions raise the question of why the hostility between remainers and leavers remains so intense more than two years after the June 2016 referendum result to leave the European Union.

Leavers believe that the UK must wrest control of its destiny from the shared enterprise that is the EU. Remainers believe that the decision to go it alone will cast the country to the wolves at a time of rising nationalism and international discord.

Many, including Jo Johnson, are demanding a second referendum, which would give voters the opportunity to halt Brexit in its tracks.

With politics deadlocked and each side insisting that its viewpoint must prevail, a second vote has a certain simple appeal.

Theresa May is in grave danger of being upended by an unholy alliance of both factions. Her painful crawl towards a real-world compromise with Brussels seeks to provide a patch to get over the rapidly approaching deadline for Britain’s departure. That date is March 29, 2019, exactly two years after Article 50 was formally invoked.

The urgency of the time frame matters little to the remainers or the leavers, as their battle over Brexit rages on more or less detached from the process itself.

But the point at which reality will bite is finally arriving. While the remain camp opposes a hard Brexit, its position is mostly likely to achieve precisely that outcome.

The drive for a second referendum claims that Britain can, at any time, stop or suspend the process of Brexit. This would grant the UK government time to organise a second referendum.

A court hearing at the European Court of Justice this month is set to consider whether Article 50 can be suspended or withdrawn. It is likely to find that it can’t.

In all but the most improbable of scenarios, March 29 will mark the end of Britain’s 45-plus years in the European Union. The Brexit games will be over. To throw so much energy into campaigning for any other outcome is as deluded as attempting to turn back the tide.

Clinging to the hope that the EU member states will agree to stop the process in order to facilitate a second referendum is little short of madness.

The big powers have resolved that Brexit will happen and they are keen to disadvantage Britain on its way out of the door.

Leavers are so dedicated to an absolutist version of Brexit that they are impervious to its dangers. As more revelations emerge about the murky funding of the unofficial but highly influential Leave.EU campaign, proponents of the UK’s departure are ever more zealous in their demands for a hard and uncompromising split from the bloc.

No warning is too stark to change their minds. Arron Banks, the businessman who bankrolled Leave.EU, faces increasing questions over the provenance of the funds he handed over to the campaign. Given his personal ties to Russia, the finger of suspicion points to The Kremlin. Mr Banks strenuously denies this, asserting that the resources were generated by his UK businesses, primarily insurance operations.

It is a measure of the controversy surrounding Leave.EU that the normally ebullient Mr Banks questioned if it would be better to have lost in 2016. He has said that that “demons” have been unleashed by the result.

Tomorrow, Europe marks the centenary of the armistice that ended the First World War. The negotiations that preceded that moment were carried out in a French railway siding, not far from the battle lines. France demanded Berlin’s capitulation and reparation payments. Britain demanded German arms and its entire Navy, which was then scuttled in the North Sea. The Kaiser’s chief negotiator agreed to these conditions. In response, he was assassinated by a member of a right-wing terror group in 1921.

In many different ways, the shape of Europe is being altered again today. France and Germany are leading the process of carving Britain out of the current EU framework. Mrs May and European chief negotiator Michel Barnier hope to announce the outcome of their talks within days.

Agreement provides a path for a British exit from the EU that keeps the lights on. Britain remaining in a customs union with Europe will serve to preserve much of an economy highly integrated with its European neighbours.

However, caught between the jaws of the rival camps, Mrs May cannot be confident that logic and good order will prevail.

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KEY DATES IN AMAZON'S HISTORY

July 5, 1994: Jeff Bezos founds Cadabra Inc, which would later be renamed to Amazon.com, because his lawyer misheard the name as 'cadaver'. In its earliest days, the bookstore operated out of a rented garage in Bellevue, Washington

July 16, 1995: Amazon formally opens as an online bookseller. Fluid Concepts and Creative Analogies: Computer Models of the Fundamental Mechanisms of Thought becomes the first item sold on Amazon

1997: Amazon goes public at $18 a share, which has grown about 1,000 per cent at present. Its highest closing price was $197.85 on June 27, 2024

1998: Amazon acquires IMDb, its first major acquisition. It also starts selling CDs and DVDs

2000: Amazon Marketplace opens, allowing people to sell items on the website

2002: Amazon forms what would become Amazon Web Services, opening the Amazon.com platform to all developers. The cloud unit would follow in 2006

2003: Amazon turns in an annual profit of $75 million, the first time it ended a year in the black

2005: Amazon Prime is introduced, its first-ever subscription service that offered US customers free two-day shipping for $79 a year

2006: Amazon Unbox is unveiled, the company's video service that would later morph into Amazon Instant Video and, ultimately, Amazon Video

2007: Amazon's first hardware product, the Kindle e-reader, is introduced; the Fire TV and Fire Phone would come in 2014. Grocery service Amazon Fresh is also started

2009: Amazon introduces Amazon Basics, its in-house label for a variety of products

2010: The foundations for Amazon Studios were laid. Its first original streaming content debuted in 2013

2011: The Amazon Appstore for Google's Android is launched. It is still unavailable on Apple's iOS

2014: The Amazon Echo is launched, a speaker that acts as a personal digital assistant powered by Alexa

2017: Amazon acquires Whole Foods for $13.7 billion, its biggest acquisition

2018: Amazon's market cap briefly crosses the $1 trillion mark, making it, at the time, only the third company to achieve that milestone

Correspondents

By Tim Murphy

(Grove Press)

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Tips for newlyweds to better manage finances

All couples are unique and have to create a financial blueprint that is most suitable for their relationship, says Vijay Valecha, chief investment officer at Century Financial. He offers his top five tips for couples to better manage their finances.

Discuss your assets and debts: When married, it’s important to understand each other’s personal financial situation. It’s necessary to know upfront what each party brings to the table, as debts and assets affect spending habits and joint loan qualifications. Discussing all aspects of their finances as a couple prevents anyone from being blindsided later.

Decide on the financial/saving goals: Spouses should independently list their top goals and share their lists with one another to shape a joint plan. Writing down clear goals will help them determine how much to save each month, how much to put aside for short-term goals, and how they will reach their long-term financial goals.

Set a budget: A budget can keep the couple be mindful of their income and expenses. With a monthly budget, couples will know exactly how much they can spend in a category each month, how much they have to work with and what spending areas need to be evaluated.

Decide who manages what: When it comes to handling finances, it’s a good idea to decide who manages what. For example, one person might take on the day-to-day bills, while the other tackles long-term investments and retirement plans.

Money date nights: Talking about money should be a healthy, ongoing conversation and couples should not wait for something to go wrong. They should set time aside every month to talk about future financial decisions and see the progress they’ve made together towards accomplishing their goals.

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UAE currency: the story behind the money in your pockets
What's in my pazhamkootan?

Add:
Parippu – moong dal and coconut curry
Sambar – vegetable-infused toor dal curry
Aviyal – mixed vegetables in thick coconut paste
Thoran – beans and other dry veggies with spiced coconut
Khichdi – lentil and rice porridge


Optional:
Kootukari – stew of black chickpeas, raw banana, yam and coconut paste
Olan – ash gourd curry with coconut milk
Pulissery – spiced buttermilk curry
Rasam – spice-infused soup with a tamarind base


Avoid:
Payasam – sweet vermicelli kheer