Category Archives: Economics

Previews: The Economist Magazine – Sept 23, 2023

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The Economist Magazine (September 23, 2023): The latest issue features ‘Ukraine faces a long war’ – A change of course is needed; Its backers should pray for a speedy victory—but plan for a long struggle.

Ukraine faces a long war. A change of course is needed

Its backers should pray for a speedy victory—but plan for a long struggle

The war in Ukraine has repeatedly confounded expectations. It is now doing so again. The counter-offensive that began in June was based on the hope that Ukrainian soldiers, equipped with modern Western weapons and after training in Germany, would recapture enough territory to put their leaders in a strong position at any subsequent negotiations.

If India ordered a murder in Canada, there must be consequences

Hardeep Singh Nijjar

Western countries have for too long acquiesced to the Indian government’s abuses

For years, India objected to Western strategists lumping it together with its violent and chaotic neighbour in the phrase “Indo-Pakistan”. Now recognised as a fast-growing giant and potential bulwark against China, India claims to have been “de-hyphenated”. Yet the explosive charge aired this week by Justin Trudeau suggests that diplomatic recalibration may have gone too far. Canada’s prime minister alleges that Indian agents were involved in the murder in Vancouver of a Canadian citizen sympathetic to India’s Sikh separatist movement

Opinion: AI Is Recasting Science And Rising Waves Of Hard-Right Populism

‘Editor’s Picks’ Podcast (September 18, 2023) Three essential articles read aloud from the The Economist. This week, an analysis of how AI can revolutionize science and how a fresh wave of hard-right populism is stalking Europe.

Previews: The Economist Magazine – Sept 16, 2023

All weekly editions | The Economist

The Economist Magazine (September 16, 2023): The latest issue reviews How AI can revolutionize science; Donald Trump will “never” support Putin, says Volodymyr Zelensky; The hard right is getting closer to power all over Europe, and more…

How artificial intelligence can revolutionise science

Consider the historical precedents

Debate about artificial intelligence (ai) tends to focus on its potential dangers: algorithmic bias and discrimination, the mass destruction of jobs and even, some say, the extinction of humanity. As some observers fret about these dystopian scenarios, however, others are focusing on the potential rewards. ai could, they claim, help humanity solve some of its biggest and thorniest problems. And, they say, ai will do this in a very specific way: by radically accelerating the pace of scientific discovery, especially in areas such as medicine, climate science and green technology.

Modi’s “one India” goal is good for the economy, but not for politics

Narendra Modi, India’s prime minister, presides over the closing session of the G20 Summit

In the next decade regional tensions will build in India

The world has been seeing the bright side of India. In August it landed a spacecraft on the Moon. In the latest quarter gdp grew at an annual rate of 7.8%, making it the world’s perkiest big economy. Narendra Modi, the prime minister, has just hosted a g20 summit where other leaders, including Joe Biden, courted Asia’s rising behemoth. Yet inside India the talk has turned to whether Mr Modi’s hunger for power and dreams of national renewal could lead him to bend the constitution. 

Opinion: The Middle East’s Future, Managing Wealth, London Bus Driver Health

‘Editor’s Picks’ Podcast (September 18, 2023) Three essential articles read aloud from the The Economist. This week, the future of the Middle East, Wall Street’s race to wealth management (10:00), and how London’s bus drivers revolutionised health (17:40).

Analysis: Argentina’s Dysfunctional Economy

The Economist (September 7, 2023) – Rampant inflation, a booming black market for US dollars and crippling debt – welcome to Argentina, one of the world’s most dysfunctional economies. How did it end up like this?

Video timeline: 00:00 – Argentina’s economy is in crisis 01:21 – What is happening now? 04:16 – Why is this happening? 05:52 – Overspending 07:00 – Printing money 08:03 – Borrowing money 08:51 – Trade controls 11:06 – What are the solutions?

Previews: The Economist Magazine – Sept 9, 2023

The Economist Magazine (September 9, 2023): The new Middle East has more money and less mayhem. For now…; America’s Supreme Court should adopt new ethics standards How artificial intelligence will affect the elections; Javier Milei would be a danger for democracy in Argentina….

The new Middle East has more money and less mayhem. For now

Economies are booming and wars are fading. But climate change is looming

If you thought the Middle East was stagnant, think again. The Gulf economies are among the richest and most vibrant on the planet, helped by a Brent crude oil price that rose back to over $90 per barrel this week. A $3.5trn fossil-fuel bonanza is being spent on everything from home-grown artificial intelligence models and shiny new cities in the desert, to filling the coffers of giant sovereign-wealth funds that roam the world’s capital markets looking for deals.

America’s Supreme Court should adopt new ethics standards

Three judges are struggling to hold up the roof of the Supreme Court

Lifetime tenure can easily slip into entitlement

Next term will be agonising for the Supreme Court. Some combination of voters and courts will determine whether Donald Trump becomes president again and whether he goes to prison. President Joe Biden’s son has a case before the courts. Dozens of states have changed their voting laws since 2020 and the nine justices on the Supreme Court may be asked to look at them. If the presidential election in 2024 is close, the court may have to step in and adjudicate. With so much at stake, America needs a Supreme Court that is broadly seen as legitimate and, ideally, impartial. Regrettably, trust in the court is at its lowest point since pollsters began asking about it.

Opinion: AI Disrupting 2024 Elections, A Rise In Scare Tactics, Owning An Airline

‘Editor’s Picks’ Podcast (September 11, 2023) Three essential articles read aloud from the The Economist. This week, how much will artificial intelligence affect the elections of 2024? Also, the ways cynical leaders are using scaremongering tactics both to win and to abuse power (9:35) and why everyone wants to own an airline these days (17:00).

Previews: The Economist Magazine – Sept 2, 2023

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The Economist Magazine (September 2, 2023): This week’s issue features AI voted: How artificial intelligence will affect the elections of 2024; How paranoid nationalism corrupts; How to stop a three-way nuclear arms-race, and more…

How artificial intelligence will affect the elections of 2024

Disinformation will become easier to produce, but it matters less than you might think

Politics is supposed to be about persuasion; but it has always been stalked by propaganda. Campaigners dissemble, exaggerate and fib. They transmit lies, ranging from bald-faced to white, through whatever means are available. Anti-vaccine conspiracies were once propagated through pamphlets instead of podcasts. A century before covid-19, anti-maskers in the era of Spanish flu waged a disinformation campaign. They sent fake messages from the surgeon-general via telegram (the wires, not the smartphone app). Because people are not angels, elections have never been free from falsehoods and mistaken beliefs.

How paranoid nationalism corrupts

Cynical leaders are scaremongering to win and abuse power

People seek strength and solace in their tribe, their faith or their nation. And you can see why. If they feel empathy for their fellow citizens, they are more likely to pull together for the common good. In the 19th and 20th centuries love of country spurred people to seek their freedom from imperial capitals in distant countries. Today Ukrainians are making heroic sacrifices to defend their homeland against Russian invaders.

Opinion: No Fix For China’s Economy, Firms Fighting Disrupters, Palestine Wine

‘Editor’s Picks’ Podcast (August 28, 2023) Three essential articles read aloud from the The Economist. This week, why China’s economy won’t be fixed, America’s corporate giants are fighting back against disrupters (10:15) and the challenge of making wine in Palestine (21:50).

Previews: The Economist Magazine – August 26, 2023

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The Economist Magazine (August 26, 2023): This week’s issue features Xi’s failing model: Why he won’t fix China’s economy; Biden’s Asian alliance-building; Prigozhin’s death shows that Russia is a mafia state and more….

Why China’s economy won’t be fixed

An increasingly autocratic government is making bad decisions

Whatever has gone wrong? After China rejoined the world economy in 1978, it became the most spectacular growth story in history. Farm reform, industrialisation and rising incomes lifted nearly 800m people out of extreme poverty. Having produced just a tenth as much as America in 1980, China’s economy is now about three-quarters the size. Yet instead of roaring back after the government abandoned its “zero-covid” policy at the end of 2022, it is lurching from one ditch to the next.

Prigozhin’s death shows that Russia is a mafia state

A healthy country uses justice to restore order. Mr Putin uses violence instead 

Yevgeny Prigozhin gives an address in camouflage and with a weapon in his hands in a desert area

As we published this editorial, it was not certain that Yevgeny Prigozhin’s private jet was shot down by Russian air-defences, or that the mutineer and mercenary boss was on board. But everyone believes that it was and that his death was a punishment of spectacular ruthlessness ordered by Russia’s president, Vladimir Putin. And that is the way Mr Putin likes it.