Tag Archives: The Economist Magazine

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.

Previews: The Economist Magazine – Sept 2, 2023

Image

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.

Previews: The Economist Magazine – August 26, 2023

Image

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.

Previews: The Economist Magazine – August 19, 2023

The Economist Magazine (August 19, 2023): This week’s issue features Why are China’s young people so disillusioned?; China’s defeated youth – When Xi Jinping plays down their individual aspirations in favour of the collective interest, he adds to their gloom.

Why are China’s young people so disillusioned?

Xi Jinping wants them to focus on the party’s goals. Many cannot see why they should

The crowd did not seem excited to see George Michael and Andrew Ridgeley. When Wham! became the first Western pop group to perform in Communist China, the audience was instructed to stay in their seats. It was 1985 and, despite appearances, the young people in attendance were in fact joyous. The country around them was by no means free, but it was starting to reform and open up. Over the next three decades the economy would grow at a rapid pace, producing new opportunities.

China’s defeated youth

Young Chinese have little hope for the future. Xi Jinping wants them to toughen up

A worker tests parts for e-cigarettes on a production line

In the southern city of Huizhou an electronics factory is hiring. The monthly salary on offer is between 4,500 and 6,000 yuan (or $620 and $830), enough to pay for food and essentials, but not much else. The advertisement says new employees are expected to “work hard and endure hardship”. The message might have resonated with Chinese of an older generation, many of whom worked long hours in poor conditions to give their children a brighter future. But many of those children now face similar drudgery—and are unwilling to endure it. “I can’t sit on an assembly line,” says Zhang, a 20-something barista with dyed-red hair at a local tea shop. He scoffs at the idea of making such sacrifices for so little gain. The job at the tea shop pays just 4,000 yuan a month, but he enjoys chatting up customers.

Previews: The Economist Magazine – August 12, 2023

Costly and dangerous: Why Biden’s China strategy isn’t working

The Economist Magazine (August 12, 2023 issue): Why Biden’s China strategy is not working; Saudi Arabia upends sport; The attack on universal values; Twitternomics lives on; How green is your EV and more…

Costly and dangerous: Why Biden’s China strategy isn’t working

Liam Eisenberg

Supply chains are becoming more tangled and opaque

On august 9th President Joe Biden unveiled his latest weapon in America’s economic war with China. New rules will police investments made abroad by the private sector, and those into the most sensitive technologies in China will be banned. The use of such curbs by the world’s strongest champion of capitalism is the latest sign of the profound shift in America’s economic policy as it contends with the rise of an increasingly assertive and threatening rival.

How America is failing to break up with China

The countries’ economic ties are more profound than they appear

A briefcase being handed from one person to another with their hands handcuffed together
image: alberto miranda

When it comes to tracing the geography of global supply chains, few companies provide a better map than Foxconn, the world’s largest contract manufacturer. This year the Taiwanese giant has built or expanded factories in India, Mexico, Thailand and Vietnam. The Chinese production sites once loved by Western companies are firmly out of fashion. Souring relations between the governments in Washington and Beijing have made businesses increasingly fretful about geopolitical risks. As a consequence, in the first half of the year, America traded more with Mexico and Canada than it did with China for the first time in almost two decades. The map of global trade is being redrawn.

Previews: The Economist Magazine – July 29, 2023

The overstretched CEO | Jul 29th 2023 | The Economist

The Economist Magazine (July 29, 2023 issue): The overstretched CEO; Larry Fink demonised – All he wanted to do was save the planet while making his firm a fortune. Henry Tricks meets the face of woke capitalism; The greatest bank heist ever – Criminals stole $2.5bn from Iraq’s largest state bank in broad daylight. Nicolas Pelham follows their trail, and more…

The overstretched CEO

Companies are increasingly caught up in governments’ competing aims. What to do?

The world should not let Vladimir Putin abandon the grain deal

Here is how to get him to sign up again

Israel has lurched closer to constitutional chaos

But there are still ways to step back from the brink

Previews: The Economist Magazine – July 22, 2023

Image

The Economist Magazine- July 22, 2023 issue: Making babymaking better – A special report on the future of fertility; How Cities can respond to Extreme Heat; The World Economy is still in danger, and more…

IVF is failing most women. But new research holds out hope

Fertility is still poorly understood

A smiling fetus with it's thumb up

After louise brown was born in Manchester in July 1978, her parents’ neighbours were surprised to see that the world’s first “test-tube baby” was “normal”: two eyes, ten fingers, ten toes. In the 45 years since, in vitro fertilisation has become the main treatment for infertility around the world. At least 12m people have been conceived in glassware. An ivf baby takes its first gulp of air roughly every 45 seconds. ivf babies are just as healthy and unremarkable as any others. Yet to their parents, most of whom struggle with infertility for months or years, they are nothing short of miraculous.

How cities can respond to extreme heat

Officials from Beijing to Phoenix are grappling with unbearable temperatures

A man pours water on his head to cool off amid searing heat in Phoenix, Arizona.

The best thing that has happened in Phoenix, Arizona, since the beginning of July is that the electricity grid has kept functioning.

This has meant that during a record-breaking run of daily maximum temperatures above 43°C (110°F), still in progress as The Economist went to press, the houses, indoor workplaces and publicly accessible “cooling stations” in the city have been air-conditioned. There have been deaths from heat stroke and there will be more; there has been a lot of suffering; and there will have been real economic losses. But if Arizona’s grid had gone out, according to an academic quoted in “The Heat Will Kill You First”, a new book, America would have seen “the Hurricane Katrina of extreme heat”.

Previews: The Economist Magazine – July 1, 2023

Image

The Economist Magazine- June 24, 2023 issue: The humbling of Vladimir Putin; The Wagner mutiny has left Vladimir Putin looking dangerously exposed; Can Ukraine capitalise on chaos in Russia?

The humbling of Vladimir Putin

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

Can Ukraine capitalise on chaos in Russia?

Ukrainian militaries supervise as a M142 HIMARS launches a rocket towards Bakhmut Ukraine

Ukraine’s counter-offensive is going slowly

The Wagner mutiny has left Putin dangerously exposed

Factions close to the Russian president are thinking about life after him

Previews: The Economist Magazine – June 24, 2023

Image

The Economist Magazine- June 24, 2023 issue:

Investors must prepare for sustained higher inflation

The costs of taming price rises could prove too unpalatable for central banks

At first glance the world economy appears to have escaped from a tight spot. In the United States annual inflation has fallen to 4%, having approached double digits last year. A recession is nowhere in sight and the Federal Reserve has felt able to take a break from raising interest rates. After a gruesome 2022, stockmarkets have been celebrating: the s&p 500 index of American firms has risen by 14% so far this year, propelled by a resurgence in tech stocks. Only in Britain does inflation seem to be worryingly entrenched.

Building Ukraine 2.0

For Russia’s war to fail, Ukraine must emerge prosperous, democratic and secure

Ukraine’s war is raging on two fronts. On the 1,000km battlefront its armies are attacking the Russians’ deep defences. At the same time, on the home front Ukraine is defining what sort of country it will be when the fighting stops. Both matter, and both will pose a severe test for Ukraine and its backers.

America wants to lower tensions with Iran. Good

Now is the time to buy some time

Iran cannot rival Ukraine and Taiwan for headlines, but it could soon prove as dangerous as either. Its nuclear-weapons programme has put its regime in a position to dash for a bomb. Because full-blown negotiations are impossible, the threat could yet draw the Middle East into war—including through American strikes on Iranian nuclear facilities. That is why it is good that the Biden administration is seeking to lower tensions.

Previews: The Economist Magazine – June 17, 2023

Image

The Economist Magazine– June 17, 2023 issue: America’s new best friend – Why India is indispensable.

Joe Biden and Narendra Modi are drawing their countries closer

India does not love the West, but it is indispensable to America

No country except China has propped up Russia’s war economy as much as oil-thirsty India. And few big democracies have slid further in the rankings of democratic freedom. But you would not guess it from the rapturous welcome Narendra Modi will receive in Washington next week. India’s prime minister has been afforded the honour of a state visit by President Joe Biden. The Americans hope to strike defence deals.

Lula’s ambitious plans to save the Amazon clash with reality

The Brazilian president faces resistance from Congress, the state oil company and agribusiness

Ukraine’s counter-offensive is making mixed progress

Its real test will come when it hits Russia’s prepared defences

Charlemagne: Why Europe’s asylum policy desperately needs rebooting

A deadly shipwreck in Greek waters highlights its dangers