Macron headed for overwhelming parliamentary majority

Agencies
June 12, 2017

Paris, June 12: French President Emmanuel Macron’s party is on course for an overwhelming parliamentary majority after Sunday’s first round of voting for the National Assembly that left traditional parties in disarray.

Macron

Forecasts based on partial results showed Macron continuing his centrist revolution, with his Republique en Marche party (Republic on the Move, REM) and its ally MoDem tipped to win between 390 and 445 seats in the 577—member National Assembly in next Sunday’s second round.

“France is back,” Prime Minister Edouard Philippe declared triumphantly.

“For the past month, the President has shown confidence, willingness and daring in France and on the international stage,” Mr. Philippe said, calling the result a vindication of Mr. Macron’s “winning strategy”.

The vote was marked by record low turnout of 49 per cent, reflecting the fatalism among Macron’s opponents in the face of his seemingly unstoppable advance, experts said.

The right-wing Republicans —— who had hoped to rebound from their defeat in the presidential vote —— were shown trailing in second with a predicted 80—132 seats while Marine Le Pen’s far—right National Front (FN) was forecast to garner between one and 10 seats.

The FN’s result showed the party struggling to rebound from Ms. Le Pen’s bruising defeat by Mr. Macron in the presidential run-off.

FN vice-president Florian Philippot admitted to “disappointment” and called on voters to “mobilise massively” for the June 18 second round.

The worst losses, however, were for the Socialists of Mr. Macron’s predecessor Francois Hollande, who were shown dropping a staggering 200 seats.

Conceding the party was facing “unprecedented” losses, PS chief Jean-Christophe Cambadelis appealed to voters to rally behind Mr. Macron’s rivals to avoid the President monopolising power.

Parliament risked having “no real oversight powers and no democratic debate worth speaking of,” he warned.

Republicans leader Francois Baroin also cautioned against all the power being “concentrated in one party”.

The estimates based on partial results showed Mr. Macron’s year-old REM and MoDem winning 32.2—32.9 per cent in the first round, ahead of the Republicans on 20.9—21.5 per cent and the FN on 13.1—14 per cent.

Few MPs are expected to be elected outright on Sunday.

If no candidate wins over 50 percent, the two top-placed contenders go into the second round —— along with any other candidate who garners at least 12.5 per cent of registered voters.

France’s youngest-ever President has been credited with restoring a lost sense of national pride since winning the top office last month at 39.

He has won praise for appointing a balanced cabinet that straddles France’s long-entrenched left-right divide and taking a leading role in Europe’s fight-back against US President Donald Trump on climate change.

If the seat projections are confirmed next week, he will have a strong mandate to push through the ambitious labour, economic and social reforms he promised on the campaign trail.

More than 50,000 police were on patrol during the vote, with France still jittery after a wave of jihadist attacks at home and across the Channel in Britain.

Mr. Macron, who had never held elected office before becoming President, fielded political novices in around 200 constituencies —— part of his bid to rejuvenate the assembly.

They include Marie Sara, a retired bullfighter, who is taking on FN stalwart Gilbert Collard in southern France and 33-year-old junior digital economy minister Mounir Mahjoubi who went up against PS boss Cambadelis in northeast Paris.

Mr. Macron is also trying to usher in an era of cleaner politics. His government’s first bill proposes to ban lawmakers from employing family members or performing consultancy work while in office.

The measures follow the scandal that destroyed the presidential bid of Republicans candidate Francois Fillon, who has been charged over payments to his wife and two of his children for suspected fake jobs as parliamentary assistants.

Mr. Fillon denies the charges.

Mr. Macron’s party has largely avoided controversy but one of his ministers who is running for re-election in Brittany, Richard Ferrand, is being probed over a property deal involving his girlfriend.

Forecasts show Le Pen’s party will struggle to win the 15 seats it would need to form a parliamentary group and help shape the assembly’s agenda.

The radical-left France Insoumise (France Unbowed) party of Jean-Luc Melenchon who finished fourth in the presidential race also fell short of expectations.

His camp was tipped to only take 10—23 seats.

Mr. Macron has urged voters to back his reform proposals including an overhaul of the rigid rules governing the job market, blamed by many economists for holding back growth.

The President was economy minister in the Socialist government that began loosening the labour laws last year, sparking mass demonstrations that lasted for months.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
Agencies
June 7,2020

Boston, Jun 7: Dozens of scientists doing research funded by Mark Zuckerberg say Facebook should not be letting President Donald Trump use of the social media platform to spread both misinformation and incendiary statements.

The researchers, including 60 professors at leading US research institutions, wrote a letter to the Facebook CEO on Saturday asking that he consider stricter policies on misinformation and incendiary language that harms people," especially during the current turmoil over racial injustice.

The letter calls the spread of deliberate misinformation and divisive language the researchers' goal of using technology to prevent and eradicate disease, improving childhood education and reform the criminal justice system.

The researchers' mission "is antithetical to some of the stances that Facebook has been taking, so we're encouraging them to be more on the side of truth and on the right side of history as we've said in the letter, said Debora Marks of Harvard Medical School, one of three professors who organized the letter.

The other organisers are Martin Kampmann of the University of California-San Francisco and Jason Shepherd of the University of Utah.

All have grants from a Chan Zuckerberg Initiative program working to prevent, cure and treat neurodegenerative disorders including Alzheimer's and Parkinson's disease. The initiative is run by Zuckerberg and his wife, Priscilla Chan.

They said the letter had more than 160 signatories. Shepherd said about 10% are employees of Chan Zuckerberg foundations.

The letter objects specifically to Zuckerberg's decision not to at least flag as a violation of Facebook's community standards Trump's post that stated when the looting starts, the shooting starts after unrest in Minneapolis over the videotaped killing of George Floyd, a black man, by a white police officer.

The letter's authors called the post a clear statement of inciting violence.

Twitter had both flagged and demoted a Trump tweet using the same language.

The Associated Press emailed the Chan Zuckerberg Initiative press office for comment. It did not immediately respond.

Some Facebook employees have publicly objected to Zuckerberg's refusal to take down or label misleading or incendiary posts by Trump or other politicians. But Zuckerberg who controls a majority of voting shares in the company has so far refused.

On Friday, Zuckerberg said in a post that he would review potential options for handling violating or partially-violating content aside from the binary leave-it-up or take-it-down decisions I know many of you think we should have labeled the President's posts in some way last week, he wrote.

"Our current policy is that if content is actually inciting violence, then the right mitigation is to take that content down not let people continue seeing it behind a flag. There is no exception to this policy for politicians or newsworthiness.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
News Network
July 1,2020

Tehran, Jul 1 As many as 19 people have been killed in an explosion and fire at a medical facility in Tehran.

A total of 19 people, including 15 men and 4 women, were killed in the explosion, the emergency services confirmed, RT reported citing KhabarOnline website.

According to a regional official, a gas leak caused the incident. Sputnik quoted a deputy head of Tehran police as saying to YJC news outlet that oxygen tanks exploded in the semi-basement of the clinic.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
News Network
July 27,2020

Tokyo, Jul 27: Gold hit an all-time high on Monday as tit-for-tat consulate closures in China and the United States rattled investors, boosting the allure of safe-haven assets, although sentiment was mixed with tech gains supporting some Asian stocks.

MSCI's ex-Japan Asia-Pacific index rose 1.3 percent as Taiwan's TSMC, Asia's third-largest company by market capitalisation, rose almost 10 percent.

The chipmaker's gains boosted other tech stocks in the region and came after rival Intel signalled it may give up manufacturing its own components due to delays in new 7-nanometer chip technology.

Also soothing sentiment, Chinese shares eked out gains after big falls late last week, with CSI300 index rising 0.5 percent.

S&P500 futures were last up 0.4 percent in choppy trade while Japan's Nikkei fell 0.5 percent, resuming trade after a long weekend and catching up with falls in global shares late last week.

Global shares had lost steam last week after Washington ordered China's consulate in Houston to close, prompting Beijing to react in kind by closing the US consulate in Chengdu.

US Secretary of State Mike Pompeo took fresh aim at China last week, saying Washington and its allies must use "more creative and assertive ways" to press the Chinese Communist Party to change its ways.

"US President (Donald) Trump used to say China's President Xi Jinping is a great leader. But now Pompeo's wording is becoming so aggressive that markets are starting to worry about further escalation," said Norihiro Fujito, chief investment strategist at Mitsubishi Securities.

Gold rose 1.0 percent to a record high of $1,920.9 per ounce, surpassing a peak touched in September 2011, as Sino-US tensions boosted the allure of safe-haven assets, especially those not tied to any specific country.

The yellow metal is also helped by aggressive monetary easing adopted by many central banks around the world since the pandemic plunged the global economy into a recession.

Some investors fret such an unprecedented level of money-printing could eventually lead to inflation.

MORE STIMULUS

Hopes of a quick US economic recovery are fading as coronavirus infections showed few signs of slowing.

That means the economy could capitulate without fresh support from the government, with some of earlier steps such as enhanced jobless benefits due to expire this month.

Investors hope US Congress will agree on a deal before its summer recess but there are some sticking points including the size of the stimulus and enhanced unemployment benefits.

US Treasury Secretary Steve Mnuchin said the package will contain extended unemployment benefits with 70 percent "wage replacement".

Democrats, who control the House of Representatives, want enhanced benefits of $600 per week to be extended and look to much bigger stimulus compared with the Republicans' $1 trillion plan.

Investors are looking to corporate earnings from around the world for hints on the pace of recovery in the global economy.

"It looks like rising coronavirus cases are starting to slow down recovery in many countries," said Masahiro Ichikawa, senior strategist at Sumitomo Mitsui DS Asset Management.

Concerns about the US economic outlook started to weigh on the dollar, reversing its inverse correlation with the economic well-being over the past few months.

The dollar index dropped 0.3 percent to its lowest level in nearly two years.

The euro gained 0.3 percent to $1.1693, hitting a 22-month high of $1.16590 as sentiment on the common currency improved after European leaders reached a deal on a recovery fund in a major step towards more fiscal co-operation.

Against the yen, the dollar slipped 0.5 percent to 105.605 yen, a four-month low while the British pound hit a 4 1/2-month high of $1.2832.

Oil prices dipped on worries about the worsening Sino-US relations.

Brent futures fell 0.46 percent to $43.14 per barrel while US crude futures lost 0.44 percent to $41.11.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.