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Friday June 24, 2016

// June 24th, 2016 // Daily News

Welcome to the world after Brexit: Here’s what happens next

CNBC.com

A majority of British voters decided that the United Kingdom should leave the European Union, and Prime Minister David Cameron announced his resignation. Global markets are moving wildly, and currencies are making big moves, but the actual political process will be much, much slower.
First — technically speaking — the referendum is not legally binding. In theory, Cameron, who plans to leave by October, could ignore the will of a slight majority of voters, and not make any moves to exit the political and economic bloc.
But Cameron, who led the campaign to remain in the EU, is likely to invoke Article 50 of the Lisbon Treaty, which begins the legal process for leaving the bloc.
“The British people have made the very clear decision to take a different path and as such I think the country requires fresh leadership to take it in this direction,” he said Friday in a televised address outside his residence. “I do not think it would be right for me to be the captain that steers our country to its next destination.”
Once Article 50 is invoked, a series of negotiations would begin about how to disentangle the U.K. from the many EU structures to which it is a party. The process could take two years or more, if both the U.K. and the European Council agree to extend the discussion period.
Cameron has said this process would be irreversible.
“We should be clear that this process is not an invitation to rejoin, it is a process for leaving,” he said in February.
Some have suggested that British leadership could avoid invoking Article 50 all together, and would instead attempt to negotiate a different — not entirely separate — relationship with the EU.
In the more immediate term, markets are going to react in a big way. The Brexit has no historic precedent. No precedent means volatility in markets, probably on a global scale.
If there’s one near-definite result that experts can safely predict around a Brexit, it’s that it increases the amount of uncertainty in markets. Market watchers have predicted a global flight to safer assets — and indeed, that appears to have already begun: Gold futures, the classic safe-haven asset, rose more than 8 percent at one point, before paring some of those gains.

Today’s Inspiration

He Will Never Leave Us

by Joyce Meyer – posted June 24, 2016

[I will] not in any degree leave you helpless nor forsake nor let [you] down (relax My hold on you)! [Assuredly not!]
—Hebrews 13:5

I was born again when I was nine years old. The night I was saved, I had to sneak out of the house to go to church with some relatives who were visiting us because my dad wouldn’t have permitted us to go if we had asked. I knew that I went to be saved that night, and I don’t even know how I knew that I needed salvation.

The pastor did not have an altar call that evening. I was really scared, but at the end of service I walked to the front of the church, taking two of my cousins with me. I looked at the pastor and said, “Can you save me?” He was sorry that he hadn’t offered an altar call, but I had a glorious cleansing of my soul that night.

I knew I was born again, but the next day I cheated in a game of hide-and-go-seek with my cousins by peeking to see where they were going, and I thought I lost my salvation! I was in my twenties before I realized that Jesus had promised not to abandon me. Hebrews 13:5 confirms this promise: For He [God] Himself has said, I will not in any way fail you nor give you up nor leave you without support. [I will] not, [I will] not, [I will] not in any degree leave you helpless nor forsake nor let [you] down (relax My hold on you)! [Assuredly not!]