The Commission marked the first birthday of the EU Charter of Fundamental Rights this week with publication of its first annual report on its application. While public interest in the Charter runs high, its powers and remit are widely misunderstood. It is not a fundamental rights supercop, as Commissioner Reding put it. But it does cover a number of areas for which the EU is responsible, such as data protection, discrimination and border controls. The Commission promises to use the report as a guide in its policy and law-making. It should also help people know their rights better and help them determine where they need to turn when they think their fundamental rights have been violated by an EU institution or a national authority. More ...Regards,Nick PragPublisher, EUbusiness
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With all of the negative news in the media, Kaiser said he was not surprised by the apocalyptic outlook saturating the public consciousness, but predicted a positive change in the not so distant future. "This is the classic paroxysm of an approaching bottom. I suspect that by the end of summer we will see housing starts not plunge back the way they have done every year since 2009, real estate prices will be edging away from the cliff, manufacturing jobs will continue to grow as more companies contemplate the implications for their China-based operations by a Chinese shift away from infrastructure stimulus into domestic consumption stimulus, and the election focus will be on which party has a better centrist vision for leading the United States economy back into a more balanced state. This will happen when the political discourse shifts to the Medicare and Defense items in the budget and recognizes that the only way to avoid flushing retirees down the toilet or jettisoning America's role as global supercop is to put the American economy back on a diversified growth track. Once it becomes apparent that it does not matter who wins the election, the glass will switch from half empty to half full, and the markets will benefit."
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