Contracting Multiculturalism

"Nicolas Sarkozy declares multiculturalism had failed. French president Nicolas Sarkozy on Thursday declared that multiculturalism had failed, joining a growing number of world leaders or ex-leaders who have condemned it.  'We have been too concerned about the identity of the person who was arriving and not enough about the identity of the country that was receiving him,' he said in a television interview in which he declared the concept a 'failure'. Prime Minister David Cameron last month pronounced his country's long-standing policy of multiculturalism a failure, calling for better integration of young Muslims to combat home-grown extremism. German Chancellor Angela Merkel, Australia's former prime minister John Howard and former Spanish prime minister Jose Maria Aznar have also in recent months said multicultural policies have not successfully integrated immigrants."
Source: The Telegraph

 "Xenophobia is a powerful force in the down cycle."
Random Roving, October 9, 2007

Xenophobia continues to rise at an alarming rate.
Random Roving, November 6, 2009

"Although the language of race has rarely been explicitly invoked, terms like 'Marxist,' 'Nazi,'extremist', and 'foreigner' have been used to smuggle racism and xenophobia into the public conversation without political consequence."
Marc Lamont Hill, Columbia University professor and FOX News contributor

I Want My MTV - Part Deux

It was almost a year ago to the week that I made this post:
"College campuses appear to be heating up worldwide. First UCLA, now Iran. We have a generation of kids waking up to the reality that their parents have not only indebted them for life, but also destroyed their current job market and prospects. Kent State might end up looking like a mild one when this one peaks."

Random Roving, December 12, 2009, "I Want My MTV"

Those British kids are setting the pace for the millennials across the world.

A Little Picadilly Circus

Those British students keep getting rowdy.

"Student activists have called for further mass civil disobedience targeting the coalition Government, following last week's occupation of the Conservative headquarters."

Source: SkyNews

"Protests and riots will continue to increase across the world. The mob is getting angrier and angrier. College campuses will continue to "heat up". The younger generation is awaking to the fact that their parents squandered their future. 'Mom and dad, thanks for the debt burden!'"
Random Roving, January 1, 2010

Mr. Cameron Is Right On Track

"The pain of cutting Britain's national deficit will be worse than previously feared and will affect everyone in the country, Prime Minister David Cameron said Monday. 'The overall scale of the problem is even worse than we thought ...,' said Cameron, who came to power last month at the head of Conservative-Liberal Democrat coalition."
Source: Fox News

"Initial reports both used the phrase 'worse than we thought'. I believe that this phrase will be used and over-used a lot in the coming years."
Random Roving, May 11, 2010

Another One Bites The Dust, UK Style

"After days of disquiet, big beast outgoing ministers including Jack Straw, Andy Burnham, Bob Ainsworth, Liam Byrne and Sadiq Khan made their opposition clear at a crisis meeting of the Cabinet which followed Mr Brown's shocking resignation on Monday."
Source: Daily Mail UK

Shocking to who? The theory of a negative mass social mood applies worldwide. All incumbents are in for a rough ride.

"Politicians ratings will continue to fall aligning with a continued decline in mass social mood. Incumbents beware."
Random Roving - January 1, 2010

Paying The Piper

"In 2010-13, they will be getting hit with the bill from the lavish years, through increased taxes and the loss of millions of jobs. Economies which became excessively consumer-oriented are going to be forced to slim down. Meantime, governments have been reluctant to tighten their belts, and are trying to restore "the old normal", by borrowing money aggressively, and spending it recklessly on poorly-designed stimulus programs. The foreign holders of dollar, sterling, and euro debts, will try to get the taxpayers to foot the bills for the excesses of their banks and the governments. But there is an increasing risk that taxpayers will revolt, and refuse to pay the full amount of those debts. We have already seen a rejection like this already in Iceland, and it seems this sort of drama will soon be played out in Greece, and the other PIGS countries in Europe, and also in many American states. Eventually, the larger economies of the UK and the US may also face the same problems, when debtors begin to reject lending fresh money to over-stretched sovereign borrowers."
Michael Hampton, AKA Dr.Bubb - February 10, 2010

The entire article:
http://financialsense.com/fsu/editorials/hampton/2010/0210.html