Ali only had two hours to save his baby’s life. He careened through traffic and sped along highway
s to an east Tehran government pharmacy. When he saw some 800 people queued outside the fac
ility, he dropped to his knees. Like him, they were waiting to obtain state-funded medications.
”I cried and screamed, begging people to let me get through,” Ali — whom we have not fully identified for security reasons — recalls.
Eventually, he skipped the line and returned with the medicine in time for his one-year-old daughter, Dory, to recover.The incid
ent happened just as Iran’s landmark nuclear deal with six world powers led by the US was being sig
ned in 2015. It was a moment when Iranian President Hassan Rouhani had promised Iranians an easier life, free of me
dicinal and food shortages, and where desperate scenes such as Ali’s outside the pharmacy would become a thing of the past.
Iran was halting its nuclear program in exchange for international sanctions relief, appearing to turn the pa
ge on a 36-year history of diplomatic and economic
With Brexit day only weeks away, and still no deal in place, now might not seem the best time for British politicians to flip the table over.
But this week, 11 Members of Parliament have done exactly that. On Monday, seven members of the opposition Labour Party announced tha
t they were fed up of their leader Jeremy Corbyn, citing reasons ranging from rampant anti-Semitism to hi
s lack of leadership on Brexit. They will Theresa May tactics of pandering to the harder-line Brexiteers in her own party and
elsewhere. That means it’s now hard to see this new group as anything other than a pro-EU bloc in the UK Parliament, dissa
tisfied with the pro-Brexit positions of both government and opposition.
Why does that matter?
Brexit has made the politics of the UK in
credibly hard to read. Both frontbenches are committed to delivering Brexit. The government agreed a way to achieve this
with the other 27 EU member states. Yet the UK Parliament hates the deal, infamously handing May the heaviest defeat in the history of the
House of Commons.
And it hates the deal for reasons all across the political spectrum (that’s right, the Brexiteers hate the deal just as
much as the Remainers).
Since the 2016, Brexit has redrawn the ideological lines of politics in the UK. Professor Sara Hobolt at the London Sc
hool of Economics explained that there “are more people now who are willing to identify as either Brexiteers or Remainers than as supporters of any par
ty. This new divide is more tribal than old party politics, with both groups tending to be inherently distrustful of one another.”
The monetary authority has rolled out a series of policies in recent mont
hs to ensure adequate liquidity in the financial sector and accelerated loan issuance to co
mpanies. The measures include a new lending facility, called the targeted medium-term lending facility, which was in
troduced in December to encourage commercial banks to increase lending to small and private firms.
The central bank further cut the required reserve ratio for financial institutions by 1 percentage point in January and inj
ected another 800 billion yuan of capital into the market. That followed four reserve ratio cuts last year.
Supported by the liquidity, the average interest rate in financial mark
ets had already declined by January, which actually provided much cheaper funding t
o commercial banks and borrowers in the corporate sector, Sun said.
Accompanied by the credit boost, growth of the broad money sup
ply, or M2, accelerated in January to 8.4 percent from 8.1 percent at the end of December, t
he central bank said. Government bond issuance, meanwhile, has also picked up since the start of this year.