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'The demographic dividend of the last 40 years is ending': J.P. Morgan says the world is running out of the two things that kept interest rates down

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'The demographic dividend of the last 40 years is ending': J.P. Morgan says the world is running out of the two things that kept interest rates down

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Jensen Huang made his $172 billion fortune on AI chips. His family's $75 million gift to Vanderbilt argues art decides what technology is for

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The $39 trillion U.S. national debt isn’t as high as Japan’s and Singapore’s relative to economy size—and yet it's still worse somehow
Brexit

Thousands of Britons Have Been Making Inquiries About New Passports Since Brexit

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Casey Quackenbush
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TIME
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June 30, 2016, 5:45 AM ET
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This story originally appeared on time.com.

Underlying immigration fears driving last week’s Brexit vote have backfired into fears of emigration, as thousands of Britons now scour the world for alternative nationalities.

With political turmoil erupting since David Cameron’s resignation and Scotland and Northern Ireland threatening to split off and attempt to remain in the E.U., many Britons are exploring other citizenships that guarantee greater job opportunities in a freer global economy than in what they see as a post-Brexit, isolated Britain.

Ireland’s passport office in London received 4,000 immigration inquiries on Monday alone, up from the average of 200, the London Times reports. For three days following the Brexit referendum, U.K. visitors to New Zealand’s immigration site spiked from an average 2,000 to 5,500 per day. Canada saw a surge of 325% in online injuries in the 24 hours after the decision. Similar inquiries made to Australian authorities rose 118%.

In a call out, the Guardian heard from 1,500 Britons seeking dual-nationality.

 

Once the U.K. formally divorces itself from the E.U.—projected to take about two years—free movement of labor will come to a halt.

“A British passport when you can’t travel and work anywhere else in the E.U. is not worth as much,” a British mother living in the Netherlands toldBBC. “We’d like our children to have those chances too, to move and work, encounter cultures, and have job opportunities you simply wouldn’t have in the United Kingdom.”

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