At a crucial moment they encapsulate the dilemma of how to handle populism
A backlash against abortion bans is energising the middle ground in America
They are saving like never before. But even that may not bring interest rates down
Economies must adapt to baby busts instead
As birth rates plunge, many politicians want to pour money into policies that might lead women to have more babies. Donald Trump has vowed to dish out bonuses if he returns to the White House. In France, where the state already spends 3.5-4% of gdp on family policies each year, Emmanuel Macron wants to “demographically rearm” his country. South Korea is contemplating handouts worth a staggering $70,000 for each baby. Yet all these attempts are likely to fail, because they are built on a misapprehension.
Governments’ concern is understandable. Fertility rates are falling nearly everywhere and the rich world faces a severe shortage of babies. At prevailing birth rates, the average woman in a high-income country today will have just 1.6 children over her lifetime. Every rich country except Israel has a fertility rate beneath the replacement level of 2.1, at which a population is stable without immigration. The decline over the past decade has been faster than demographers expected.
The death of the president changes the power dynamic
A new generation of AI chips is on the way
The rainbow nation needs an alternative to decline under the ANC
Rishi Sunak’s election call makes no sense, but is good news
Its collapse could be sudden and irreversible
At first glance, the world economy looks reassuringly resilient. America has boomed even as its trade war with China has escalated. Germany has withstood the loss of Russian gas supplies without suffering an economic disaster. War in the Middle East has brought no oil shock. Missile-firing Houthi rebels have barely touched the global flow of goods. As a share of global gdp, trade has bounced back from the pandemic and is forecast to grow healthily this year.
The assignment of judges to cases should be random, not political
Under Lawrence Wong, the city-state has a new chance to change
Despite Xi Jinping’s protestations, China does have an overcapacity problem
How to pacify the world’s most violent region
More co-ordination and better access to data are needed to fight lies
America’s reckless borrowing is a danger to its economy—and the world’s
Should American universities call the cops on protesting students?
Novels starring hot fairies are selling millions of copies
Why leaving the ECHR would be a bad idea for Britain
America, China and the battle for supremacy
Intelligence sources are concerned about the country, which is surrounded by Italy
The musician is at the height of her commercial, but not her creative, power
And What America Should Learn From It
By now, Chinese President Xi Jinping’s ambition to remake the world is undeniable. He wants to dissolve Washington’s network of alliances and purge what he dismisses as “Western” values from international bodies. He wants to knock the U.S. dollar off its pedestal and eliminate Washington’s chokehold over critical technology. In his new multipolar order, global institutions and norms will be underpinned by Chinese notions of common security and economic development, Chinese values of state-determined political rights, and Chinese technology. China will no longer have to fight for leadership. Its centrality will be guaranteed.
America’s Competition With China Must Be Won, Not Managed
They are not doomed to be poor and anxious
The Congress party is set for a drubbing in the world’s biggest election
Instead it should try a novel response to Iran’s missile attack: restraint
It will disappoint China’s people and anger the rest of the world
That will make inflation trickier to handle in future
Donald Trump’s threat to dump allies would risk a nuclear free-for-all
Artificial intelligence holds huge promise in health care. But it also faces massive barriers
Better diagnoses. Personalised support for patients. Faster drug discovery. Greater efficiency. Artificial intelligence (ai) is generating excitement and hyperbole everywhere, but in the field of health care it has the potential to be transformational. In Europe analysts predict that deploying ai could save hundreds of thousands of lives each year; in America, they say, it could also save money, shaving $200bn-360bn from overall annual medical spending, now $4.5trn a year (or 17% of gdp). From smart stethoscopes and robot surgeons to the analysis of large data sets or the ability to chat to a medical ai with a human face, opportunities abound.
After the energy crisis, Europe faces surging Chinese imports and the threat of Trump tariffs
Ukraine must prepare
Melting ice sheets do more than raise sea levels
America should help it find a better strategy
There is still a narrow path out of the hellscape of Gaza. A temporary ceasefire and hostage release could cause a change of Israel’s government; the rump of Hamas fighters in south Gaza could be contained or fade away; and from the rubble, talks on a two-state solution could begin, underwritten by America and its Gulf allies. It is just as likely, however, that ceasefire talks will fail. That could leave Israel locked in the bleakest trajectory of its 75-year existence, featuring endless occupation, hard-right politics and isolation. Today many Israelis are in denial about this, but a political reckoning will come eventually. It will determine not only the fate of Palestinians, but also whether Israel thrives in the next 75 years.
It is becoming harder for investors to ignore politics
Investors differ in their approach to elections. Some see politics as an edge to exploit; others as noise to block out. Even for those without a financial interest, markets offer a brutally frank perspective on the economic stakes. As elections approach in America and Britain, as well as plenty of other countries, that is especially valuable.
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