French Elections: Macron vs. Le Pen to Decide Fate of EU
The first round of the French presidential election is now complete, with only two candidates remaining:
|Candidate||% Vote (Round 1)|
|Marine Le Pen||21.4%|
Because no candidate received a majority of votes, there will be a run-off vote on May 7 in which French voters decide between Emmanuel Macron and Marine Le Pen.
While the two candidates are each considered outsiders for different reasons, their key platform differences could not be more stark. The major fundamental issue they disagree on is EU membership – and as a result, French voters potentially hold the fate of the entire EU in their hands.
Head-to-head: Macron vs. Le Pen
Today’s infographic is from Swissquote, and it compares the platforms of Macron and Le Pen head-to-head.
Here are some of the key differences between the two:
Emmanuel Macron is an investment banker that was the Minister of the Economy for François Hollande’s government. He left in 2016 to start En Marche!, a centrist political movement that describes itself as “neither right nor left”.
Marine Le Pen has been the leader of the National Front since 2011, and is a lawyer by trade. She is the youngest daughter of National Front founder Jean-Marie Le Pen, and has worked in politics since 1998. She’s also been a Member of European Parliament since 2004.
Macron wants to remain in the European Union and to seek a common asylum policy. Meanwhile, Le Pen wants to hold a referendum on France’s EU membership, while re-instating a national currency.
Macron wants to cut government spending to 50% of GDP, to limit the wealth tax to real estate, and to cut the corporate tax rate from 33.3% to 25%.
Le Pen supports re-industrialization of France as well as “intelligent protectionism”. She wants to allow the Banque de France to print money to fund the treasury up to an annual maximum of 5% of total money supply, and also advocates a 10% cut for the lowest income tax brackets.
Macron wants to stay in the Schengen border-free zone, while Le Pen wants to exit it. Both want to hire new police officers and to add new prison spaces, though Le Pen wants to add higher amounts of each.
Le Pen also wants to cut legal immigration to France to 10,000 per year.
Both Macron and Le Pen want to re-introduce military conscription for short periods of time. Each wants to increase defense spending, as well: Macron by 2% by 2025, and Le Pen by 3% of GDP by 2022.
Both want to keep the 35-hour work week, although with some exceptions. Macron wants to extend unemployment benefits to entrepreneurs, farmers, self-employed, and those who quit jobs voluntarily. He also wants to implement a universal pension system, and to boost training schemes for unemployed youth.
Le Pen advocates the lowering of the retirement age to 60, and for a “purchasing-power bonus” of €1,000 a year for low-wage earners and pensioners. She also wants a national plan for equal pay for women, and for overtime to be tax-free.
Macron is opposed to the exploitation of shale gas and offshore drilling, and wants the remaining coal-fired plants in France to be closed.
Le Pen calls for a move to a “zero-carbon” economy, and to ban shale gas exploration, while setting a moratorium on windmills for power generation. Le Pen also would like to ban GMOs.
Macron says up to 5,000 new teaching jobs should be created. Le Pen wants there to be no free education for children of illegal immigrants, and to restrict the use of foreign languages in schools. She also thinks school uniforms should be mandatory.
Macron supports same-sex marriage, while Le Pen wants to scrap the 2014 law allowing same-sex marriage and to replace it with civil unions.
Macron supports medically assisted procreation for lesbians, but opposes recourse to surrogate mothers by homosexual couples. Le Pen wants to ban surrogacy and to restrict medically-supported procreation to people with sterility problems.
Both candidates want to introduce some degree of proportional representation to the electoral system, though Le Pen wants to take it further.
Macron wants to cut 120,000 state jobs by not replacing retiring civil servants. Le Pen wants to put French flags on all public buildings, to cut the number of lawmakers in the National Assembly and Senate, and to shrink the size of local governments in half.
The New Rules of Leadership: 5 Forces Shaping Expectations of CEOs
This infographic delves into five major forces reshaping our world and the new rules of leadership that CEOs should follow as a result.
It’s common knowledge that CEOs assume a long list of roles and responsibilities.
But in today’s world, more and more people rely on them to go beyond their day-to-day responsibilities and advocate for broader social change. In fact, a number of external forces are changing how leaders are now expected to behave.
How can leaders juggle these evolving expectations while successfully leading their companies into the future?
The New Rules of Leadership
This infographic from bestselling author Vince Molinaro explores five drivers reshaping our world that leaders must pay attention to in order to bring about real change.
How is the World Being Reshaped?
Leaders need to constantly stay one step ahead of the transformative forces that impact businesses on a broader scale.
Below we outline five key drivers that are changing what it means to be a leader in today’s world:
1. Transformative Technologies
Over the last number of decades, several technologies have emerged that could either accelerate the disruption of companies, or provide them with new opportunities for growth. According to KPMG, 72% of CEOs believe the next three years will be more critical for their industry than the previous 50 years.
For example, artificial intelligence (AI), can now provide companies with insights into what motivates their employees and how they can help them succeed. IBM’s AI predictive attrition program can even predict when employees are about to quit—saving them roughly $300 million in retention costs.
Leaders must accept that the future will be mediated by technology, and how they respond could determine whether or not their organization survives entirely.
2. Geopolitical Instability
Geopolitical risks—such as trade disputes or civil unrest—can have a catastrophic impact on a business’s bottom line, no matter its industry. Although 52% of CEOs believe the geopolitical landscape is having a significant impact on their companies, only a small portion say they have taken active steps to address these risks.
By being more sensitive to the world around them, leaders can anticipate and potentially mitigate these risks. Extensive research into geopolitical trends and leveraging the appropriate experts could support a geopolitical risk strategy, and alleviate some of the potential repercussions.
3. Revolutionizing the Working Environment
As the future of work looms, leaders are being presented with the opportunity to reimagine the inner workings of their company. But right now, they are fighting against a wide spectrum of predictions around what they should expect, with estimations surrounding the automation risk of jobs ranging from 5% to 61% as a prime example.
While physical, repetitive, or basic cognitive tasks carry a higher risk of automation, the critical work that remains will require human interaction, creativity, and judgment.
Leaders should avoid getting caught up in the hype regarding the future of work, and simply focus on helping their employees navigate the next decade.
By creating an inspiring work environment and investing in retraining and reskilling, leaders can nurture employee well-being and create a sense of connectedness and resilience in the workplace.
4. Delivering Diversity
Diversity and inclusion can serve as a path to engaging employees, and leaders are being asked to step up and deliver like never before. A staggering 77% of people feel that CEOs are responsible for leading change on important social issues like racial inequality.
But while delivering diversity, equity, and inclusion seems to be growing in importance, many companies are struggling to understand the weight of this issue.
An example of this is Noah’s Ark Paradox, which describes the belief that hiring “two of every kind” creates a diverse work environment. In reality, this creates a false sense of inclusion because the voices of these people may never actually be heard.
Modern day leaders must create a place of belonging where everyone—regardless of gender, race, sexual orientation, ability, or age—is listened to.
5. Repurposing Corporations
The drivers listed above ladder up to the fact that society is looking to businesses to help solve important issues, and leaders are the ones being held accountable.
With 84% of people expecting CEOs to inform conversations and policy debates on one or more pressing issues, from job automation to the impact of globalization, CEOs have the potential to transform their organization by galvanizing employees on the topics that matter to them.
For a long time, the purpose of corporations was purely to create value for shareholders. Now, leaders are obligated to follow a set of five commitments:
- Deliver value to customers
- Invest in employees
- Deal fairly and ethically with suppliers
- Support communities
- Generate long-term value for shareholders
Ultimately, these five commitments build currency for trust, which is critical for sustained growth and building a productive and satisfied workforce.
Lead the Future
If leaders understand the context they operate in, they can identify opportunities that could fuel their organization’s growth, or alternatively, help them pivot in the face of impending threats.
But organizations must invest in the development of their leaders so that they can see the bigger picture—and many are failing to do so.
By recognizing the new rules of leadership, CEOs and managers can successfully lead their organizations, and the world, into a new and uncertain future.
3D Map: The U.S. Cities With the Highest Economic Output
The total U.S. GDP stands at a whopping $21 trillion, but which metro areas contribute to the most in terms of economic output?
3D Map: The U.S. Cities With the Highest Economic Output
At over $21 trillion, the U.S. holds the title of the world’s largest economy—accounting for almost a quarter of the global GDP total. However, the fact is that a few select cities are responsible for a large share of the country’s total economic output.
This unique 3D map from HowMuch puts into perspective the city corridors which contribute the most to the American economy at large.
Top 10 Metros by Economic Output
The visualization pulls the latest data from the U.S. Bureau of Economic Analysis (BEA, 2018), and ranks the top 10 metro area economies in the country.
One thing is immediately clear—the New York metro area dwarfs all other metro area by a large margin. This cluster, which includes Newark and Jersey City, is bigger than the metro areas surrounding Los Angeles and Chicago combined.
|Rank||Metro Area||State codes||GDP (2018)|
|#1||New York-Newark-Jersey City||NY-NJ-PA||$1.77T|
|#2||Los Angeles-Long Beach-Anaheim||CA||$1.05T|
|#7||Houston-The Woodlands-Sugar Land||TX||$0.48T|
Coming in fourth place is San Francisco on the West Coast, with $549 billion in total economic output each year. Meanwhile in the South, the Dallas metroplex brings in $478 billion, placing it sixth in the ranks.
It’s worth noting that using individual metro areas is one way to view things, but geographers also think of urban life in broader terms as well. Given the proximity of cities in the Northeast, places like Boston, NYC, and Washington, D.C. are sometimes grouped into a single megaregion. When viewed this way, the corridor is actually the world’s largest in economic terms.
U.S. States: Sum of Its Parts
Zooming out beyond just these massive cities demonstrates the combined might of the U.S. in another unique way. Tallying all the urban and rural areas, every state economy can be compared to the size of entire countries.
According to the American Enterprise Institute, the state of California brings in a GDP that rivals the United Kingdom in its entirety.
By this same measure, Texas competes with Canada in terms of pure economic output, despite a total land area that’s 15 times less that of the Great White North.
With COVID-19 continuing to impact parts of the global economy disproportionately, how will these kinds of economic comparisons hold up in the future?
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