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A new season for politics and politicians – Financial Times

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Hello and welcome to the working week,

First, thank you to Georgina for holding the Week Ahead fort while I took a break with my family on the North Norfolk coast — great for holidays, bad for house-hunters.

The long hot summer is drawing to a close. And while resolutions to the current economic and political strife appear a long way from resolution — the UK’s summer of discontent, for instance, is turning into an autumn of industrial unrest — we will enter a new season of leadership in the next seven days.

The UK’s Conservative party leadership election will (at last) be completed on Monday. Unless polling to data has been wildly inaccurate, Liz Truss will claim the prize and name a new cabinet. The FT will be providing full analysis of these events.

Sweden’s Magdalena Andersson is hoping to be reappointed as premier as her country goes to the polls on Sunday. Like both the outgoing and incoming British prime minister, Andersson rose to power in chaotic circumstances after her party had already governed the country for several years. Unlike the British PM, Andersson is more popular than her party and her rivals. This election, however, is much closer to call than that of the UK’s Conservative party vote.

US president Joe Biden will be out on the stump with November’s midterm elections very much on his mind. The week will end with reflection for the US as it passes the 21st anniversary of the 9/11 attacks.

Another Conservative party leadership election will also finish this Saturday, in Canada. The contest — kick-started in February with the resignation of Conservative party leader Erin O’Toole — makes the British Tory leadership contest look a bit rushed. But Canada’s Conservatives have the luxury of taking their time because whoever wins will not be immediately running the country.

Thanks for your continued feedback and comments about items on The Week Ahead. Email me at jonathan.moules@ft.com or hit reply to The Week Ahead email — you can sign up for that here.

Looking slightly further ahead, there is still time to sign up for the FT’s Future of News digital conference on September 14. Register for your pass and join The New York Times, Forbes, DMGT, NBC News, BBC News and FT journalists for debate on the most effective means to survive and prosper in an increasingly competitive market.

Economic data

The week will begin with an Opec+ meeting. Saudi Arabia last month warned it could push for a cut in oil production if prices keep falling.

The European Central Bank’s monetary policy committee meets on Thursday. Last week’s drop in eurozone unemployment has fuelled speculation that the central bank will accelerate its tightening cycle to curb eurozone inflation with a 0.75 percentage point rise.

There are also inflation and trade figures from China, industrial production data from Germany, jobs figures from Canada and international service sector comparisons with the latest round of purchasing managers’ index data. The holiday season is officially over.

It is Labor Day on Monday which means the US markets will be closed.

Companies

Apple unveils its new iPhone range.

Among those expected to deliver some fairly positive news is Ashtead, the equipment hire group. Supply chain constraints and economic uncertainty have pushed companies to rent equipment from Ashtead rather than buy it, chief executive Brendan Horgan said in June.

This will be further enhanced by a pipeline of infrastructure projects about to take shape, according to Steve Woolf at investment bank Numis. “The medium-term outlook is supported by infrastructure spending, with a significant volume of large-scale projects due to break ground over the next 12 to 18 months,” he wrote.

Key economic and company reports

Monday

  • Austria, Opec+ meeting takes place in Vienna

  • China, eurozone, France, Germany, Italy, Japan, UK: Caixin/S&P Global/IHS Markit/Cips services purchasing managers’ index (PMI) data

  • EU, July retail sales figures

  • Switzerland, Q2 GDP figures

  • UK, Society of Motor Manufacturers and Traders August vehicle registration figures.

  • Bank of England policymaker Catherine Mann gives a speech at the Money, Macro and Finance Society conference at the University of Kent.

Tuesday

  • Australia, monetary policy committee meeting

  • Chile, monetary policy committee meeting

  • France, Germany, UK, US: S&P Global construction PMI data

  • UK, Q2 mergers and acquisitions involving UK companies

  • Results: Ashtead Group Q1, Berkeley Group trading update, Cairn Energy H1, Salvatore Ferragamo H1

Wednesday

  • Apple launches the new iPhone range

  • Canada, interest rate announcement

  • China, monthly and quarterly trade figures

  • Germany, July industrial production figures

  • Italy, retail sales data

  • Poland, monetary policy council meeting

  • UK, Halifax monthly house price index

  • US, Federal Reserve’s latest Beige Book published plus consumer credit figures. Also, Federal Reserve vice-chair Michael Barr will discuss how to make the financial system safer and fairer at the Brookings Institution, his first public comments since taking the role.

  • Results: Barratt Developments FY, Halfords trading update, Tod’s H1, WHSmith trading update

Thursday

  • EU, the European Central Bank’s monetary policy meeting

  • France, July trade figures

  • Japan, Q2 GDP figures

  • OECD employment outlook

  • UK, Royal Institution of Chartered Surveyors monthly residential market survey plus Recruitment and Employment Confederation & KPMG monthly jobs report

  • US, monthly motor vehicle sales

  • Results: Darktrace FY, Funding Circle H1, Melrose Industries H1, The Restaurant Group H1

Friday

  • Canada, monthly unemployment figures

  • China, August consumer price index and producer price index figures

  • UK, Bank of England inflation attitudes survey

  • US, quarterly financial accounts

  • Results: Computacenter H1

World events

Monday

  • Italy, energy industry conference Gastech begins in Milan

  • Lebanon, vote by the parliament to decide the country’s next president for a term of six years

  • Russia, the country’s annual Eastern Economic Forum begins in Vladivostok

  • UK, new prime minister to be announced

  • UK, Criminal barristers in England and Wales begin indefinite strike action over fee levels for legal aid work

  • UK, a legal challenge to the government’s policy of sending migrants to Rwanda will be heard in the High Court. The hearing is expected to last five days.

  • UK, NHS staff in England will this week begin vaccinating care home residents and people who are housebound using the first Omicron-specific Covid booster

  • US, Labor Day national holiday

Tuesday

  • Belgium, the Annual Meetings event by the Bruegel institution begins with speakers including IMF managing director Kristalina Georgieva

  • UK, Booker Prize shortlist announced

  • Swaziland, National Day commemorating independence from Britain

Wednesday

  • Netherlands, a Dutch government adviser publishes report on the prospects for building two new nuclear reactors as part of the country’s energy transition

Thursday

  • UK, Royal Mail workers begin two days of strikes in a dispute over pay

  • US, National Football League 103rd season begins

Friday

  • Tajikistan, Independence Day national holiday

  • US, President Joe Biden campaigns in Ohio ahead of November’s midterm elections

Saturday

  • China, the Mid-Autumn (or Moon) Festival public holiday

  • Monaco, the Les Rendez-Vous de Septembre conference, one of the insurance industry’s biggest gatherings, begins in Monte Carlo

  • Taiwan, Mid-Autumn (or Moon) Festival

  • UK, last night of the BBC Henry Wood Promenade Concerts aka The Proms

  • US, women’s singles final of the US Open Tennis Championship in New York

Sunday

  • Russia, regional and local elections

  • Spain, National Day celebrations in Catalonia, expected to coincide with pro-independence demonstrations

  • Sweden, general election for the Riksdag’s 349 MPs

  • US, 21st anniversary of the terrorist attacks in New York and Washington. Also, men’s singles final of the US Open Tennis Championship

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Justin Trudeau’s Announcing Cuts to Immigration Could Facilitate a Trump Win

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Outside of sports and a “Cold front coming down from Canada,” American news media only report on Canadian events that they believe are, or will be, influential to the US. Therefore, when Justin Trudeau’s announcement, having finally read the room, that Canada will be reducing the number of permanent residents admitted by more than 20 percent and temporary residents like skilled workers and college students will be cut by more than half made news south of the border, I knew the American media felt Trudeau’s about-face on immigration was newsworthy because many Americans would relate to Trudeau realizing Canada was accepting more immigrants than it could manage and are hoping their next POTUS will follow Trudeau’s playbook.

Canada, with lots of space and lacking convenient geographical ways for illegal immigrants to enter the country, though still many do, has a global reputation for being incredibly accepting of immigrants. On the surface, Montreal, Toronto, and Vancouver appear to be multicultural havens. However, as the saying goes, “Too much of a good thing is never good,” resulting in a sharp rise in anti-immigrant sentiment, which you can almost taste in the air. A growing number of Canadians, regardless of their political affiliation, are blaming recent immigrants for causing the housing affordability crises, inflation, rise in crime and unemployment/stagnant wages.

Throughout history, populations have engulfed themselves in a tribal frenzy, a psychological state where people identify strongly with their own group, often leading to a ‘us versus them’ mentality. This has led to quick shifts from complacency to panic and finger-pointing at groups outside their tribe, a phenomenon that is not unique to any particular culture or time period.

My take on why the American news media found Trudeau’s blatantly obvious attempt to save his political career, balancing appeasement between the pitchfork crowd, who want a halt to immigration until Canada gets its house in order, and immigrant voters, who traditionally vote Liberal, newsworthy; the American news media, as do I, believe immigration fatigue is why Kamala Harris is going to lose on November 5th.

Because they frequently get the outcome wrong, I don’t take polls seriously. According to polls in 2014, Tim Hudak’s Progressive Conservatives and Kathleen Wynne’s Liberals were in a dead heat in Ontario, yet Wynne won with more than twice as many seats. In the 2018 Quebec election, most polls had the Coalition Avenir Québec with a 1-to-5-point lead over the governing Liberals. The result: The Coalition Avenir Québec enjoyed a landslide victory, winning 74 of 125 seats. Then there’s how the 2016 US election polls showing Donald Trump didn’t have a chance of winning against Hillary Clinton were ridiculously way off, highlighting the importance of the election day poll and, applicable in this election as it was in 2016, not to discount ‘shy Trump supporters;’ voters who support Trump but are hesitant to express their views publicly due to social or political pressure.

My distrust in polls aside, polls indicate Harris is leading by a few points. One would think that Trump’s many over-the-top shenanigans, which would be entertaining were he not the POTUS or again seeking the Oval Office, would have him far down in the polls. Trump is toe-to-toe with Harris in the polls because his approach to the economy—middle-class Americans are nostalgic for the relatively strong economic performance during Trump’s first three years in office—and immigration, which Americans are hyper-focused on right now, appeals to many Americans. In his quest to win votes, Trump is doing what anyone seeking political office needs to do: telling the people what they want to hear, strategically using populism—populism that serves your best interests is good populism—to evoke emotional responses. Harris isn’t doing herself any favours, nor moving voters, by going the “But, but… the orange man is bad!” route, while Trump cultivates support from “weird” marginal voting groups.

To Harris’s credit, things could have fallen apart when Biden abruptly stepped aside. Instead, Harris quickly clinched the nomination and had a strong first few weeks, erasing the deficit Biden had given her. The Democratic convention was a success, as was her acceptance speech. Her performance at the September 10th debate with Donald Trump was first-rate.

Harris’ Achilles heel is she’s now making promises she could have made and implemented while VP, making immigration and the economy Harris’ liabilities, especially since she’s been sitting next to Biden, watching the US turn into the circus it has become. These liabilities, basically her only liabilities, negate her stance on abortion, democracy, healthcare, a long-winning issue for Democrats, and Trump’s character. All Harris has offered voters is “feel-good vibes” over substance. In contrast, Trump offers the tangible political tornado (read: steamroll the problems Americans are facing) many Americans seek. With Trump, there’s no doubt that change, admittedly in a messy fashion, will happen. If enough Americans believe the changes he’ll implement will benefit them and their country…

The case against Harris on immigration, at a time when there’s a huge global backlash to immigration, even as the American news media are pointing out, in famously immigrant-friendly Canada, is relatively straightforward: During the first three years of the Biden-Harris administration, illegal Southern border crossings increased significantly.

The words illegal immigration, to put it mildly, irks most Americans. On the legal immigration front, according to Forbes, most billion-dollar startups were founded by immigrants. Google, Microsoft, and Oracle, to name three, have immigrants as CEOs. Immigrants, with tech skills and an entrepreneurial thirst, have kept America leading the world. I like to think that Americans and Canadians understand the best immigration policy is to strategically let enough of these immigrants in who’ll increase GDP and tax base and not rely on social programs. In other words, Americans and Canadians, and arguably citizens of European countries, expect their governments to be more strategic about immigration.

The days of the words on a bronze plaque mounted inside the Statue of Liberty pedestal’s lower level, “Give me your tired, your poor, your huddled masses yearning to breathe free…” are no longer tolerated. Americans only want immigrants who’ll benefit America.

Does Trump demagogue the immigration issue with xenophobic and racist tropes, many of which are outright lies, such as claiming Haitian immigrants in Ohio are abducting and eating pets? Absolutely. However, such unhinged talk signals to Americans who are worried about the steady influx of illegal immigrants into their country that Trump can handle immigration so that it’s beneficial to the country as opposed to being an issue of economic stress.

In many ways, if polls are to be believed, Harris is paying the price for Biden and her lax policies early in their term. Yes, stimulus spending quickly rebuilt the job market, but at the cost of higher inflation. Loosen border policies at a time when anti-immigrant sentiment was increasing was a gross miscalculation, much like Trudeau’s immigration quota increase, and Biden indulging himself in running for re-election should never have happened.

If Trump wins, Democrats will proclaim that everyone is sexist, racist and misogynous, not to mention a likely White Supremacist, and for good measure, they’ll beat the “voter suppression” button. If Harris wins, Trump supporters will repeat voter fraud—since July, Elon Musk has tweeted on Twitter at least 22 times about voters being “imported” from abroad—being widespread.

Regardless of who wins tomorrow, Americans need to cool down; and give the divisive rhetoric a long overdue break. The right to an opinion belongs to everyone. Someone whose opinion differs from yours is not by default sexist, racist, a fascist or anything else; they simply disagree with you. Americans adopting the respectful mindset to agree to disagree would be the best thing they could do for the United States of America.

______________________________________________________________

 

Nick Kossovan, a self-described connoisseur of human psychology, writes about what’s

on his mind from Toronto. You can follow Nick on Twitter and Instagram @NKossovan.

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RFK Jr. says Trump would push to remove fluoride from drinking water. ‘It’s possible,’ Trump says

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PHOENIX (AP) — Robert F. Kennedy Jr., a prominent proponent of debunked public health claims whom Donald Trump has promised to put in charge of health initiatives, said Saturday that Trump would push to remove fluoride from drinking water on his first day in office if elected president.

Fluoride strengthens teeth and reduces cavities by replacing minerals lost during normal wear and tear, according to the U.S. Centers for Disease Control and Prevention. The addition of low levels of fluoride to drinking water has long been considered one of the greatest public health achievements of the last century.

Kennedy made the declaration Saturday on the social media platform X alongside a variety of claims about the heath effects of fluoride.

“On January 20, the Trump White House will advise all U.S​. water systems to remove fluoride from public water,” Kennedy wrote. Trump and his wife, Melania Trump, “want to Make America Healthy Again,” he added, repeating a phrase Trump often uses and links to Kennedy.

Trump told NBC News on Sunday that he had not spoken to Kennedy about fluoride yet, “but it sounds OK to me. You know it’s possible.”

The former president declined to say whether he would seek a Cabinet role for Kennedy, a job that would require Senate confirmation, but added, “He’s going to have a big role in the administration.”

Asked whether banning certain vaccines would be on the table, Trump said he would talk to Kennedy and others about that. Trump described Kennedy as “a very talented guy and has strong views.”

The sudden and unexpected weekend social media post evoked the chaotic policymaking that defined Trump’s White House tenure, when he would issue policy declarations on Twitter at virtually all hours. It also underscored the concerns many experts have about Kennedy, who has long promoted debunked theories about vaccine safety, having influence over U.S. public health.

In 1950, federal officials endorsed water fluoridation to prevent tooth decay, and continued to promote it even after fluoride toothpaste brands hit the market several years later. Though fluoride can come from a number of sources, drinking water is the main source for Americans, researchers say.

Officials lowered their recommendation for drinking water fluoride levels in 2015 to address a tooth condition called fluorosis, that can cause splotches on teeth and was becoming more common in U.S. kids.

In August, a federal agency determined “with moderate confidence” that there is a link between higher levels of fluoride exposure and lower IQ in kids. The National Toxicology Program based its conclusion on studies involving fluoride levels at about twice the recommended limit for drinking water.

A federal judge later cited that study in ordering the U.S. Environmental Protection Agency to further regulate fluoride in drinking water. U.S. District Judge Edward Chen cautioned that it’s not certain that the amount of fluoride typically added to water is causing lower IQ in kids, but he concluded that mounting research points to an unreasonable risk that it could be. He ordered the EPA to take steps to lower that risk, but didn’t say what those measures should be.

In his X post Saturday, Kennedy tagged Michael Connett, the lead attorney representing the plaintiff in that lawsuit, the environmental advocacy group Food & Water Watch.

Kennedy’s anti-vaccine organization has a lawsuit pending against news organizations including The Associated Press, accusing them of violating antitrust laws by taking action to identify misinformation, including about COVID-19 and COVID-19 vaccines. Kennedy is on leave from the group but is listed as one of its attorneys in the lawsuit.

What role Kennedy might hold if Trump wins on Tuesday remains unclear. Kennedy recently told NewsNation that Trump asked him to “reorganize” agencies including the U.S. Centers for Disease Control and Prevention, the National Institutes of Health, the Food and Drug Administration and some agencies under the Department of Agriculture.

But for now, the former independent presidential candidate has become one of Trump’s top surrogates. Trump frequently mentions having the support of Kennedy, a scion of a Democratic dynasty and the son of former Attorney General Robert Kennedy and nephew of President John F. Kennedy.

Kennedy traveled with Trump Friday and spoke at his rallies in Michigan and Wisconsin.

Trump said Saturday that he told Kennedy: “You can work on food, you can work on anything you want” except oil policy.

“He wants health, he wants women’s health, he wants men’s health, he wants kids, he wants everything,” Trump added.

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Danielle Smith receives overwhelming support at United Conservative Party convention

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Danielle Smith receives overwhelming support at United Conservative Party convention

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