Tag Archives: Sticky Inflation

Opinion: A Humbled Putin, Environmentalism Harms The Poor, The Better Flags

‘Editor’s Picks’ Podcast (July 3, 2023) A selection of three essential articles read aloud from the latest issue of The Economist: The humbling of Vladimir Putin, how misfiring environmentalism risks harming the world’s poor (10:20) and some tips to design better flags (18:55).

The humbling of Vladimir Putin

The Wagner mutiny exposes the Russian tyrant’s growing weakness. But don’t count him out yet

The last pretence of Vladimir Putin to be, as he imagines, one of his nation’s historic rulers was stripped away on June 24th. A band of armed mercenaries swept through his country almost unopposed, covering some 750km (470 miles) in a single day, seizing control of two big cities and getting to within 200km of Moscow before withdrawing unharmed.

How misfiring environmentalism risks harming the world’s poor

A hungry boy walks in the shadow of wind turbines

The trade-off between development and climate change is impossible to avoid

Thank goodness for the enthusiasts and the obsessives. If everyone always took a balanced view of everything, nothing would ever get done. But when campaigners’ worldview seeps into the staid apparatus of policymaking and global forums, bad decisions tend to follow. That, unfortunately, is especially true in the world of climate change.

How to design better flags

New Mexico flag and United States flag

Some tips to avoid having an embarrassing emblem

Have you ever met a vexed vexillologist? This is someone who frets when flags are badly designed. Sadly, too many flags flutter to deceive: they are cluttered with imagery, a mess of colours and all too easily forgettable. Yet flags matter. Witness Ukraine’s blue-and-yellow banner, which now serves as a potent symbol around the world (not to mention on this newspaper’s covers). 

Opinion: Sticky Inflation Issues, Building Ukraine 2.0, A New King Of Beers

‘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

A melting ice cream imprinted with a dollar bill

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.