‘Editor’s Picks’ Podcast (June 12, 2023) – A selection of three essential articles read aloud from the latest issue of The Economist including the trouble with sticky inflation, the challenge of building Ukraine 2.0 and why Modelo Especial is the new king of beers.
Investors must prepare for sustained higher inflation
The costs of taming price rises could prove too unpalatable for central banks
The trouble is that the inflation monster has not truly been tamed. Britain’s problem is the most acute. There, wages and “core” prices, which exclude energy and food, are rising by around 7%, year on year.
Building Ukraine 2.0
For Russia’s war to fail, Ukraine must emerge prosperous, democratic and secure
Ukraine’s nation-builders face formidable obstacles. The greatest is that, while Mr Putin is in power, this war is unlikely to end with a solid peace treaty. The two sides may talk—if only to avoid being seen as war-crazy.
The new king of beers is a Mexican-American success story
Move over, Bud Light. Heed the power of the Hispanic market
The king is dead. ¡Viva el rey! That is the cheer ringing through drinking dens this summer as Bud Light, America’s self-styled “king of beers” for 22 years, is dethroned by Modelo Especial, a Mexican brew.
Boomers Daily 