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New York Times
6 days ago
- Business
- New York Times
Why Does Anyone Think Trump Will Uphold His End of a Bargain With Columbia?
In 1672, Charles II unilaterally suspended repayment of 1.2 million pounds to London's private bankers. Having run up this debt, and unable to finance a flotilla of ships to fight the Dutch, Charles became neither the first nor the last absolute monarch to break his word. James II, his sibling successor, went further, claiming royal prerogative to bypass laws and purge Protestant judges, generals and functionaries. The solemn oaths he made at his coronation, to respect Parliament and the Church of England, wound up being worth not very much. James ruled for less than four years, deserting after the Glorious Revolution began the era of parliamentary supremacy. Parliament would approve only those loans it would be willing to pay back with taxes, enabling deals with creditors now willing to lend. By restraining the monarch's power, it enabled the crown to make deals it couldn't otherwise get. In economic history, we teach the 1688 creation of parliamentary supremacy as a solution to what economists call 'commitment problems.' In the absence of a third party sufficiently strong to make sure all sides stick to their promises, the powerful can renege on the powerless. The powerless, seeing this, wisely choose to not contract with the powerful. Absolutist rulers are victims of their own lack of restraints; a sovereign who is too powerful cannot get inexpensive credit, because nothing stops the ruler from defaulting on any bond. President Trump, by smashing checks on his authority, has wound up undermining his own ability to make credible deals, including the one just reached with Columbia University, where I teach. The entities that have been striking deals with Mr. Trump, my own employer included, have not learned the lessons of the Glorious Revolution. Trade negotiators from longtime partner countries, government contractors, law firms, federal employees, permanent residents, the Federal Reserve chair Jerome Powell, even the Transportation Security Administration labor union are all experiencing contractual vertigo, finding out that the administration will not honor previous agreements. The first Trump administration renegotiated the North American Free Trade Agreement to get the United States-Mexico-Canada Agreement, but Mr. Trump has imposed tariffs on Mexico and Canada in violation of even that agreement. Parties thinking they can wheedle their way into a bargain with a capricious administration are bringing intuitions from the world of private deals, backstopped by the rule of law, into the very different realm of political bargains with absolutism-adjacent executive branches. I understand the desire for a deal. My colleagues and I have eagerly clicked on every news story hinting that Columbia's leaders might have secured the hundreds of millions of dollars the Trump administration has frozen or cut. Our community has borne devastating cuts, with researchers and administrative staff members laid off and participants in medical research losing access to treatment midcourse. On top of that, Immigration and Customs Enforcement has detained a number of our students, and there have been endless leaks, doxxing attacks, campus lockdowns and computer hacks. All of this manifests as a never-ending stream of anxiety — financial, physical, moral — that narrows whatever intellectual horizons the research university is supposed to foster. Want all of The Times? Subscribe.
The Journal
22-07-2025
- Politics
- The Journal
OPW bans green and orange colours from Battle of the Boyne site (and tells staff they can't be nude)
THE OFFICE OF Public Works (OPW) has banned tour guides from wearing green or orange clothing at the site in Meath where the Protestant King William III defeated the Catholic King James II in the Battle of the Boyne. The location is of particular significance to unionists, as William's victory in 1690 established Protestant dominance in Ireland, and is commemorated by the Orange Order with a series of marches on 12 July each year. The rule prohibiting guides from wearing green or orange at the Battle of the Boyne visitor centre is not contained in the official OPW Guide Handbook, which is supplied to guides and information officers at heritage sites. Instead, the directive is being communicated directly to new guides by a supervisor at the visitor centre after they have been hired, according to emails released under freedom of information laws. The instruction, which is believed to be aimed at respecting the sensitivities of both unionist and nationalist visitors, is not the only unusual dress-code directive issued by the OPW to its guides. Advertisement The Battle of the Boyne visitor centre is on Oldbridge estate, around 5km from Drogheda Alamy Stock Photo Alamy Stock Photo A section of the handbook dealing with clothing and uniform requirements specifies that 'nudity is prohibited at all sites'. Asked why it was considered necessary to include this in its dress code for new tour guides, the OPW declined to comment. The Battle of the Boyne visitor centre was developed following the allocation of €15 million of government funding in 2005. Last year, a further €10 million was provided for the centre under the Shared Island initiative. The site was famously chosen as the venue for Ian Paisley's first official meeting as Stormont first minister with Bertie Ahern in 2007. The then-Taoiseach presented the DUP leader with a musket used in the Battle of the Boyne. An email titled 'Welcome aboard' sent by a supervisor to a newly hired seasonal guide last year contained details of the dress code for staff at the visitor centre. It prohibits items including army jackets and clothes that feature 'slogans, badges or emblems'. The email stated that 'green and orange are not permitted on site'. The OPW provides an annual allowance for guides where colour-coded clothing is mandated by local management. This is payable at a rate of €210 for permanent guides, and €100 for seasonal workers. The OPW declined to comment when asked about the prohibition of green and orange clothing at the Battle of the Boyne site. Readers like you are keeping these stories free for everyone... A mix of advertising and supporting contributions helps keep paywalls away from valuable information like this article. Over 5,000 readers like you have already stepped up and support us with a monthly payment or a once-off donation. Learn More Support The Journal
South Wales Guardian
12-07-2025
- Politics
- South Wales Guardian
Tens of thousands take part in Twelfth celebrations in scorching temperatures
Crowds lined the streets in cities, towns and villages across the region for the traditional Orange Order parades. This year's events have heard calls for unionist political parties to work together. The festivities have been spread across 19 main locations to mark the 334th anniversary of the Battle of the Boyne, when the Protestant King William of Orange triumphed over the Catholic King James II. The parades consist of Orange lodges accompanied by marching bands and supported by spectators along the routes. When the parades reach demonstration fields, a religious service is observed and speeches delivered before the march home. This year's celebrations took place with temperatures above 25C right across Northern Ireland. DUP leader Gavin Robinson addressed the parade in Belfast, while Northern Ireland's deputy First Minister Emma Little-Pengelly delivered a speech at the Lisburn parade. Ulster Unionist MP Robin Swann spoke at the parade in Carnlough, Co Antrim. Orange Order deputy grand master Harold Henning told the parade in Maghera, Co Londonderry, that unionist political parties had to work together. He said: 'The leadership of this institution remains consistent in its desire to see closer collaboration between the leadership of our pro-union political parties so as to maximise unionist representation at all levels of government. 'Cooperation between our political representatives must be encouraged – more than that, it should be demanded, and country should always come before party or individual self -interest. 'Let's get that message out to our politicians – as a people, we want to see more unity of purpose across political unionism.' One of the largest parades took place in Keady, Co Armagh, where Orange Order grand secretary Mervyn Gibson spoke about the strengths of the union. He said: 'We need to promote the union at every opportunity – a union that has stood the test of time and continues to offer its citizens stability, opportunity, and purpose. 'At its heart, the United Kingdom is more than just a political entity. 'It is a partnership of four nations England, Scotland, Wales, and Northern Ireland – each with its own identity, traditions, and strengths. 'Let us concentrate on building and promoting this union which a generation defended during the Troubles against the murderous, cowardly terrorist campaign of republicans.' On Saturday morning, an Orange Order feeder parade passed the Ardoyne shops in north Belfast without incident. On Sunday, a return parade will return past the shops – but will be restricted to one band and 50 members of the order. Meanwhile, the traditional July 13 events organised by the Royal Black Preceptory in the village of Scarva, Co Armagh, will take place on Monday. The event includes a parade as well as a sham fight between actors playing rival monarchs William and James. The Twelfth celebrations come after the burning of bonfires at an estimated 300 locations in loyalist neighbourhoods across the region on Thursday and Friday nights. The Northern Ireland Fire and Rescue Service (NIFRS) said it dealt with a 'challenging' situation and one firefighter was attacked while attending a bonfire in Lisburn, Co Antrim. Northern Ireland's Environment Minister Andrew Muir said he was 'very disappointed' that a controversial bonfire in south Belfast was lit despite warnings of asbestos on the site. Of all the loyal order parades to take place on Saturday, about 30 have been officially categorised as sensitive by the Parades Commission. Locations of sensitive parades this year include Belfast, Coleraine, Keady, Dunloy, Rasharkin, Strabane, Newtownabbey, Maghera, Newtownbutler, Portadown, Glengormley and Bellaghy. More than 4,000 police officers and police staff are working on July 12. On the 11th night, about 1,200 officers were deployed to monitor public safety at bonfires. The cost of policing parades and bonfires in Northern Ireland through spring and summer was £6.1 million last year, a figure that was up £1.5 million on the previous year. The bill, which covers the period April 1 to August 31, also includes the cost of policing republican commemorations around Easter and events to mark the mid-August anniversary of the introduction of internment without trial during the Troubles. The PSNI expects the costs in 2025 to be higher still. This is because of falling police numbers and the resulting increased reliance on paying overtime to ensure enough officers are on duty for the events.
Belfast Telegraph
12-07-2025
- Politics
- Belfast Telegraph
The Twelfth 2025: Tens of thousands take part in celebrations in scorching temperatures
Crowds lined the streets in cities, towns and villages across the region for the traditional Orange Order parades. This year's events have heard calls for unionist political parties to work together. The festivities have been spread across 19 main locations to mark the 334th anniversary of the Battle of the Boyne, when the Protestant King William of Orange triumphed over the Catholic King James II. The parades consist of Orange lodges accompanied by marching bands and supported by spectators along the routes. When the parades reach demonstration fields, a religious service is observed and speeches delivered before the march home. This year's celebrations took place with temperatures above 25C right across Northern Ireland. DUP leader Gavin Robinson addressed the parade in Belfast, while Northern Ireland's deputy First Minister Emma Little-Pengelly delivered a speech at the Lisburn parade. Ulster Unionist MP Robin Swann spoke at the parade in Carnlough, Co Antrim. Orange Order deputy grand master Harold Henning told the parade in Maghera, Co Londonderry, that unionist political parties had to work together. He said: "The leadership of this institution remains consistent in its desire to see closer collaboration between the leadership of our pro-union political parties so as to maximise unionist representation at all levels of government. "Cooperation between our political representatives must be encouraged - more than that, it should be demanded, and country should always come before party or individual self -interest. "Let's get that message out to our politicians - as a people, we want to see more unity of purpose across political unionism." One of the largest parades took place in Keady, Co Armagh, where Orange Order grand secretary Mervyn Gibson spoke about the strengths of the union. He said: "We need to promote the union at every opportunity - a union that has stood the test of time and continues to offer its citizens stability, opportunity, and purpose. "At its heart, the United Kingdom is more than just a political entity. "It is a partnership of four nations England, Scotland, Wales, and Northern Ireland - each with its own identity, traditions, and strengths. "Let us concentrate on building and promoting this union which a generation defended during the Troubles against the murderous, cowardly terrorist campaign of republicans." On Saturday morning, an Orange Order feeder parade passed the Ardoyne shops in north Belfast without incident. On Sunday, a return parade will return past the shops - but will be restricted to one band and 50 members of the order. Meanwhile, the traditional July 13 events organised by the Royal Black Preceptory in the village of Scarva, Co Armagh, will take place on Monday. The event includes a parade as well as a sham fight between actors playing rival monarchs William and James. The Twelfth celebrations come after the burning of bonfires at an estimated 300 locations in loyalist neighbourhoods across the region on Thursday and Friday nights. The Northern Ireland Fire and Rescue Service (NIFRS) said it dealt with a "challenging" situation and one firefighter was attacked while attending a bonfire in Lisburn, Co Antrim. Northern Ireland's Environment Minister Andrew Muir said he was "very disappointed" that a controversial bonfire in south Belfast was lit despite warnings of asbestos on the site. Of all the loyal order parades to take place on Saturday, about 30 have been officially categorised as sensitive by the Parades Commission. Locations of sensitive parades this year include Belfast, Coleraine, Keady, Dunloy, Rasharkin, Strabane, Newtownabbey, Maghera, Newtownbutler, Portadown, Glengormley and Bellaghy. More than 4,000 police officers and police staff are working on July 12. On the 11th night, about 1,200 officers were deployed to monitor public safety at bonfires. The cost of policing parades and bonfires in Northern Ireland through spring and summer was £6.1 million last year, a figure that was up £1.5 million on the previous year. The bill, which covers the period April 1 to August 31, also includes the cost of policing republican commemorations around Easter and events to mark the mid-August anniversary of the introduction of internment without trial during the Troubles. The PSNI expects the costs in 2025 to be higher still. This is because of falling police numbers and the resulting increased reliance on paying overtime to ensure enough officers are on duty for the events. Follow how the day unfolded here: 23 minutes ago Thank you for joining us That brings an end to our live coverage of the Twelfth of July parades across Northern Ireland. Thank you for joining us. Today 04:37 PM Watch: Twelfth celebrations take place across Northern Ireland Watch: Twelfth celebrations take place across Northern Ireland The Twelfth celebrations take place across Northern Ireland. Today 04:33 PM Hottest day in Northern Ireland in years Temperatures have reached 30C in Northern Ireland for the first time in almost three years. In a post on X the Met Office said 30C had been recorded in Magilligan, marking the first time the milestone had been reached in Northern Ireland since July 18 2022. Today 03:55 PM The Twelfth in pictures: Parade galleries from across Northern Ireland The Twelfth in pictures: Parade galleries from across Northern Ireland There were 19 major parades across Northern Ireland to mark The Twelfth. Today 03:36 PM Watch: Belfast parade Today 03:28 PM Images from Coleraine parade Today 02:56 PM Bannsiders on the march Pride of the Bann making their way up Railway Road in Coleraine. Today 02:54 PM Parades continue in Co Londonderry Bruce's True Blues Accordion Band from Bellaghy on the march in Maghera. Today 02:45 PM Orangemen explain culture of Twelfth as Keady hosts Armagh lodges: 'It's like we're all brothers' High temperatures brought families from across Co Armagh to Keady to celebrate 2025's Twelfth of July on Saturday. Today 02:39 PM Belfast parade basking in beautiful sunshine 'Forty-nine years I've walked to the field and back': Belfast Twelfth spectators and long-time marchers rejoice in the sunny celebrations With the blow of a whistle and a snap from a snare, thousands of Orange Order members descended onto Belfast City Centre for the annual Twelfth of July parades. Today 02:29 PM Well-known faces Loughgall FC manager Darren Murphy and the DUP's Jonathan Buckley were all smiles on parade in Keady, Co Armagh Today 02:22 PM All dressed up If there's a more dapper looking boy at the parades than Hugo in Newtownabbey, we haven't seen him. Today 02:13 PM The Twelfth on GB News: A review Many outside NI may not have a clue what they've just watched on GB News, but it was still great fun Dodgy camera work akin to a Facebook live feed? Check. Dame Arlene Foster wearing orange? Check. Charlie Lawson as unfiltered as ever? Check. Presenters back in the studio who have little clue as to what's occurring? Check. Today 02:02 PM NIO Minister in Keady Fleur Anderson from the Northern Ireland Office has been attending the Twelfth parade in Keady, Co Armagh. She said: "Thank you to the County Armagh Grand Lodge for the very warm welcome today. It was great to join so many families watching the bands." Today 01:59 PM More from the Newtownabbey parade Today 01:53 PM Bands on parade in Newtownards, Co Down Today 01:44 PM Platform speeches Platform proceedings are underway at several Twelfth venues. This is the scene in the demonstration field in Augher, Co Tyrone. Today 01:13 PM Horsing around John Toner is at the Twelfth parade in Augher, where Fivemiletown lodge was accompanied by a horse and cart. Today 01:10 PM And in Newtownabbey... Twelfth parades are in full swing across Northern Ireland. This is the scene in Newtownabbey from Ellie McAuley.
Rhyl Journal
12-07-2025
- Politics
- Rhyl Journal
Tens of thousands take part in Twelfth celebrations in scorching temperatures
Crowds lined the streets in cities, towns and villages across the region for the traditional Orange Order parades. This year's events have heard calls for unionist political parties to work together. The festivities have been spread across 19 main locations to mark the 334th anniversary of the Battle of the Boyne, when the Protestant King William of Orange triumphed over the Catholic King James II. The parades consist of Orange lodges accompanied by marching bands and supported by spectators along the routes. When the parades reach demonstration fields, a religious service is observed and speeches delivered before the march home. This year's celebrations took place with temperatures above 25C right across Northern Ireland. DUP leader Gavin Robinson addressed the parade in Belfast, while Northern Ireland's deputy First Minister Emma Little-Pengelly delivered a speech at the Lisburn parade. Ulster Unionist MP Robin Swann spoke at the parade in Carnlough, Co Antrim. Orange Order deputy grand master Harold Henning told the parade in Maghera, Co Londonderry, that unionist political parties had to work together. He said: 'The leadership of this institution remains consistent in its desire to see closer collaboration between the leadership of our pro-union political parties so as to maximise unionist representation at all levels of government. 'Cooperation between our political representatives must be encouraged – more than that, it should be demanded, and country should always come before party or individual self -interest. 'Let's get that message out to our politicians – as a people, we want to see more unity of purpose across political unionism.' One of the largest parades took place in Keady, Co Armagh, where Orange Order grand secretary Mervyn Gibson spoke about the strengths of the union. He said: 'We need to promote the union at every opportunity – a union that has stood the test of time and continues to offer its citizens stability, opportunity, and purpose. 'At its heart, the United Kingdom is more than just a political entity. 'It is a partnership of four nations England, Scotland, Wales, and Northern Ireland – each with its own identity, traditions, and strengths. 'Let us concentrate on building and promoting this union which a generation defended during the Troubles against the murderous, cowardly terrorist campaign of republicans.' On Saturday morning, an Orange Order feeder parade passed the Ardoyne shops in north Belfast without incident. On Sunday, a return parade will return past the shops – but will be restricted to one band and 50 members of the order. Meanwhile, the traditional July 13 events organised by the Royal Black Preceptory in the village of Scarva, Co Armagh, will take place on Monday. The event includes a parade as well as a sham fight between actors playing rival monarchs William and James. The Twelfth celebrations come after the burning of bonfires at an estimated 300 locations in loyalist neighbourhoods across the region on Thursday and Friday nights. The Northern Ireland Fire and Rescue Service (NIFRS) said it dealt with a 'challenging' situation and one firefighter was attacked while attending a bonfire in Lisburn, Co Antrim. Northern Ireland's Environment Minister Andrew Muir said he was 'very disappointed' that a controversial bonfire in south Belfast was lit despite warnings of asbestos on the site. Of all the loyal order parades to take place on Saturday, about 30 have been officially categorised as sensitive by the Parades Commission. Locations of sensitive parades this year include Belfast, Coleraine, Keady, Dunloy, Rasharkin, Strabane, Newtownabbey, Maghera, Newtownbutler, Portadown, Glengormley and Bellaghy. More than 4,000 police officers and police staff are working on July 12. On the 11th night, about 1,200 officers were deployed to monitor public safety at bonfires. The cost of policing parades and bonfires in Northern Ireland through spring and summer was £6.1 million last year, a figure that was up £1.5 million on the previous year. The bill, which covers the period April 1 to August 31, also includes the cost of policing republican commemorations around Easter and events to mark the mid-August anniversary of the introduction of internment without trial during the Troubles. The PSNI expects the costs in 2025 to be higher still. This is because of falling police numbers and the resulting increased reliance on paying overtime to ensure enough officers are on duty for the events.
