Sunday, June 16, 2024

Fox News Digital: At 28, Jordan Bardella shakes up French politics: 'People across France have woken up'

By SIMON CONSTABLE 

FRANCE — Jordan Bardella is shaking things up in French politics. He’s young. He’s handsome like a male fashion model, and since 2022, he’s been president of the National Rally, the new name for the National Front party founded in 1972 by controversial far-right politician Jean-Marie Le Pen. The party has moved on from its far-right roots, becoming more of a populist party under Le Pen's daughter, Marine. 

"Jordan Bardella, the right-wing 28-year-old without a college degree, could be the French prime minister in a few weeks," says Thomas Corbett-Dillon, a former adviser to former U.K. Prime Minister Boris Johnson and adviser to other European politicians. "This is great news for the French people that have suffered relentless attacks on their culture by left-wing Macron and the millions of migrants he imported." Read more here.

 via Wikimedia Commons


Sunday, June 9, 2024

FINANCIAL FLASHBACK:90 YEARS AGO: President Signs Stock Measure (founding of the SEC)

By SIMON CONSTABLE


Wall Street isn’t what it used to be. It’s better for investors.

In large part, for that, we can thank the signing of the Securities Exchange Act in June 1934, creating the Securities and Exchange Commission. 

“The old Wall Street was kind of corrupt in many ways with a lot of market manipulation,” says Richard Sylla, emeritus professor of economics and financial history at the Stern School of Business. 

Significant changes introduced included limits on investing using borrowed money—which had been unfettered during the 1920s in the lead-up to the 1929 market crash that ushered in the Great Depression. The new laws also banned market manipulation.

But perhaps most important was the mandatory registration of all company annual and quarterly reports according to standard accounting rules. 

Despite some grumbling over the new rules, things changed for the better. “Wall Street is considered a much fairer place than it was now,” Sylla says. “The world has benefited from the 1930s legislation.” 

One of the most intriguing aspects of the law was President Franklin D. Roosevelt’s appointment of Joseph P. Kennedy, patriarch of the Kennedy family, as the first SEC chairman. Read original here.

US Securities and Exchange Commission, Public domain, via Wikimedia Commons