Preview: The Economist Magazine – July 26, 2022

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Governments must beware the lure of free money

Budget constraints have gone missing. That presents both danger and opportunity

It is sometimes said that governments wasted the global financial crisis of 2007-09 by failing to rethink economic policy after the dust settled. Nobody will say the same about the covid-19 pandemic. It has led to a desperate scramble to enact policies that only a few months ago were either unimaginable or heretical. A profound shift is now taking place in economics as a result, of the sort that happens only once in a generation. Much as in the 1970s when clubby Keynesianism gave way to Milton Friedman’s austere monetarism, and in the 1990s when central banks were given their independence, so the pandemic marks the start of a new era. Its overriding preoccupation will be exploiting the opportunities and containing the enormous risks that stem from a supersized level of state intervention in the economy and financial markets.

Views: Hiking In The Negev Desert In Southern Israel

The Negev is a large desert region in southern Israel. Its main city is Be’er Sheva. Here, the Old City is home to the Negev Museum of Art, with contemporary Israeli and international exhibitions. Nearby is Abraham’s Well, a cultural center with interactive exhibits about the story of Abraham. East of the city, Tel Be’er Sheva is a prehistoric settlement mound with ruins, plus a lookout tower with desert views.

Design: ‘The Line’ – A 100% Renewable Energy & Low Carbon Saudi Arabia City

No roads, cars or emissions, it will run on 100% renewable energy and 95% of land will be preserved for nature. People’s health and wellbeing will be prioritized over transportation and infrastructure, unlike traditional cities. Only 200 meters wide, but 170 kilometers long and 500 meters above sea level.

THE LINE will eventually accommodate 9 million people and will be built on a footprint of just 34 square kilometers. This will mean a reduced infrastructure footprint, creating never-before-seen efficiencies in city functions. The ideal climate all-year-round will ensure that residents can enjoy the surrounding nature. Residents will also have access to all facilities within a five-minute walk, in addition to high-speed rail – with an end-to-end transit of 20 minutes.

Top Books Of 2022: The Booker Prize Longlist

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Home Design: Crane Lodge In Palm Beach, Australia

A luxury getaway home settled on a unique site, Crane Lodge immerses visitors in its natural context. Designed by Secret Gardens, the landscape architecture of the home enhances the sensory experience of the outdoors.

Video timeline: 00:00 – Crane Lodge as an Experience 00:44 – The Client’s Vision 01:05 – The Garden and The Setting 01:58 – Lodged Unusually High 02:21 – The Inclusion of Amenities 02:37 – The Team Involved 03:04 – Major Site Components 03:34 – A Strong Connection to The Outdoors 03:49 – A Natural Watering Hole 04:28 – Sympathetic Materials and Beautiful Features

Located in the Sydney suburb of Palm Beach, Crane Lodge sits on an elevated site. The design brief for the landscape of the luxury getaway home centred on creating a sense of arrival whilst allowing access to the house across the terrain. Employing an inclinator, Secret Gardens instils the arrival process with a sense of anticipation and discovery.

Many endangered species of plant are championed in the landscape design of the luxury getaway home and are designed to appear slightly unkempt. Secret Gardens also includes indigenous plants for cooking and educational purposes. A smattering of boulders surrounds the luxury getaway home, contributing to the impressive character of its external environment.

Secret Gardens purposefully positions the swimming pool adjacent to boulders, creating the impression that the amenity emerged naturally. The materials chosen for the landscape architecture of Crane Lodge express a sympathetic approach to nature. As a result, the luxury getaway home entirely embraces its context, with a landscape design that captures the essence of a bushwalk experience.

Walking Tour: Livoro In Western Tuscany, Italy

Livorno is an Italian port city on the west coast of Tuscany. It’s known for its seafood, Renaissance-era fortifications and modern harbor with a cruise ship port. Its central Terrazza Mascagni, a waterside promenade with checkerboard paving, is the city’s main gathering place. The bastions of the 16th-century Fortezza Vecchia face the harbor and open onto Livorno’s canal-laced Venezia Nuova quarter.

Aerial Views: Wat Plai Laem Temple, Thailand (4K)

Wat Plai Laem is a wat on the resort island of Ko Samui, Thailand. Like the nearby Wat Phra Yai or “Big Buddha Temple”, it is a modern Buddhist temple. The temple’s design incorporates elements of Chinese and Thai traditions and was in part designed by distinguished Thai artist Jarit Phumdonming.

Opinion: ESG Investing Is Flawed, Tory Leadership & Software Predicting Wins

A selection of three essential articles read aloud from the latest issue of The Economist. This week, why ESG should be boiled down to emissions, why the Tory leadership race should focus on Britain’s growth challenge (10:00), and how software developers aspire to forecast who will win a battle (18:20).

Front Page: Wall Street Journal – July 26, 2022

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Investors Look Beyond Expected Fed Rate Rise

After Wednesday’s policy meeting, which is expected to result in 0.75-percentage-point rate increase, attention is likely to turn to how the central bank signals its course of action for September and beyond.5 min read

China Targeted Fed to Build Informant Network, Probe Says

The investigation by Senate Republicans found that the decadelong effort included threatening to imprison a Fed economist during a trip to Shanghai unless he agreed to provide nonpublic economic data.