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In a long-awaited move, President Trump has officially withdrawn the United States from the Trans-Pacific Partnership. The trade deal was much maligned by politicians on both sides of the aisle for its potential to slash U.S. jobs and foment currency manipulation, making it an easy target for Trump’s chopping block.
The recent Italian referendum regarding proposed constitutional amendments failed to pass, with 80% of Italian Millennials voting for “an anti-establishment rejection of the status quo.” While Brexit and Trump were the work of older voters, in continental Europe the radical votes tend to be cast by young people rejecting a system that they feel doesn’t work for them.
A recent study finds that, in the U.K., Gen Xers are the least likely to be on track to meet their “target replacement rate”—the income needed in retirement to maintain a standard of living. While Millennials have benefitted from “automatic enrolment” pensions and Boomers were able to take advantage of “defined benefit” pensions, Gen X is, as usual, caught in the middle.
The British Royal Mint is working with CME group (a futures exchange operator) to allow customers to buy and sell fractions of gold, stored in the Mint’s vaults, using RMGs, a currency similar to bitcoin. The legitimacy that gold-backing offers, coupled with blockchain technology’s advantages, may finally allow this type of high-tech currency to go mainstream.
A Day on the Green (an Australian music festival) has moved away from Baby Boomer musicians in an appeal to Generation X. Headlining ‘90s alternative rock acts showed that Boomers haven’t cornered the market on nostalgia, and while one musician joked: “Right now, it’s 1996,” another reflected more seriously: “Yeah, we’re gettin’ old.”
Author Gabe Alpert draws a distinction between the U.S. election and the recent Brexit vote—the size of the split between the old and young. While U.K. Millennials voted “stay” an incredible 23 percentage points higher than the national average, U.S. Millennials only voted for Clinton 8 points higher than the national average.
At 80 years old, Chinese model Wang Deshun shows that the rise of older icons in the fashion industry isn’t limited to women. While he is subverting traditional Chinese ideas of elderhood, he also exemplifies a characteristic of the Silent Generation; a cohort who conformed as young people, only to “rebel” and discover their youth in old age.
A popular Japanese ramen shop has just opened in the United States: Diners there eat silently in individual booths, not even speaking to place their order. In a world where everyone is constantly connected and always “on,” this minimalist restaurant is flourishing by encouraging its patrons to meditate while eating a relaxing bowl of soup.