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[ccebook.net]The Economist July 12 2008

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Articles marked with this icon are printed only in the British edition of The Economist. Three police officers and three of the attackers were killed in the ensuing gun battle.

Illustration by Kevin Kallaugher
Illustration by Kevin Kallaugher

Now what?

But no one would now rather start the race in Labour's shoes: to that extent, the next election is already Mr Cameron's to lose. Some doubt Mr Cameron's potential as prime minister on the grounds that he does not have enough coherent policies.

Fraying at the edges

Recent anger directed at foreigners for their criticism of China's behavior in Tibet may be directed at the Chinese government itself. China's emergence, as symbolized by the Olympics, will otherwise continue to be hampered by instability in its own backyard.

On the ropes

The Federal Reserve must also hope that its interest rate cuts, which began last September, will be felt in the second half of this year (monetary policy usually takes 12-18 months to work). While it may be good for the Anglo-Saxon economies to reduce their dependence on consumers in the long term, the short term could be nasty if the shift is rapid.

Silent no more

On green energy, Singapore, Iran and Israel, Microsoft, migrants, the Democrats

SIR – Bill Gates is a very smart guy and has handled Microsoft extremely well (“The Meaning of Bill Gates,” June 28). SIR – You predicted that immigration to America and Europe will decrease (“A turning tide?”, June 28).

Spoiling for the fight

Similarly, Mr Cameron has sought to colonize poverty – until now Labour's intellectual fiefdom – for the Tories. Sir. Cameron would be Britain's most distinguished prime minister since Alec Douglas-Home in the early 1960s.

Out of the wilderness

Some worry about Hispanics, a fast-growing group that appears resistant to the call of the wild. Malls began transforming themselves from covered boxes to ersatz downtowns open to the elements.

Love me, love me not

At the opposite end of the spectrum, Alabama is attracting global companies to feed its manufacturing base. He argues that even foreign takeovers, which politicians hardly like but account for the majority of FDI, play a key role.

My country, ’tis of thee

But he envisions a deeper role for the federal government in persuading Americans to serve close to home. His wife Michelle even said he would “never allow” Americans to live the way they did before his candidacy.

A rise and a fall

The Paine dilemma

Better marks, more money

The sheriff’s stash

New and improved

Mr Obama's flipflop on public finances is certainly cynical (and his willingness to justify it as an act of high principle even more so). The important question is not whether Mr Obama is changing his positions, but whether he is changing them for better or worse.

The ghost at the till

Earlier this year, it tried to stem the appreciation of the peso over concerns that it would curb exports. Brazil's president, Luiz Inácio Lula da Silva, although a man of the left, strongly supported the Central Bank's bitter medicine.

Celebrating Ingrid

Angry down south

Taking the headlines

Opera buffa

First, we take the department stores…

Mr Tsai wonders if his first carefully selected group of the rich and "high-level". It won much praise for its handling of the devastating earthquake in Sichuan in March.

The nuclear deal takes wing

Giving up the state for the sake of the nuclear deal seems a reasonable compromise for Congress.

In the dock

Pointing a finger at Islamabad

A people, at last

Clean-up

Coming to a city near you?

But if Israel intends to bomb it, it would be best to do so before it is filled with nuclear fuel. Finally, it would be easier for Israel to act before Iran deploys its SA-20s, which may happen in early 2009.

The battle for the territories

Last month Mr. Etkes released his first iteration of the. asking the supreme court to enforce existing orders to stop and demolish nine houses being built in Ofra, a town of about 2,500 in the heart of the West Bank. Mr. Etkes says there is little hope that the authorities will evacuate or destroy the houses; they have ignored many court orders in the past, and the settlers invariably fight back with every means at their disposal, overwhelming the police and sparking a media firestorm.

After the storm, the stalemate

A finance minister resigns

The odd couple

Mr. Putin and Mr. Medvedev is well aware that the current system neither protects the property of the young oligarchs nor provides a stable environment for growth. This may explain the speech of Mr. Medvedev on the need to modernize Russia's economic system and support the rule of law.

Getting to first base

Working mothers, unite!

Conservatives in the government defended “freedom of choice” for parents and insisted that the expansion of childcare would be supplemented with a monthly payment of €150 to parents who prefer to raise their children at home. Most primary schools send children home around noon, “which ruins the whole thing,” says Ms. Erler.

A grand unravelling

Europe’s Tory nightmare

In the first case, which is seen as the easiest by the Conservatives, they come to power and find Lisbon abandoned because the Irish have convinced other countries that they cannot hold a second vote. It is more likely that they will push for something else: a repatriation of powers from Brussels in the field of social and labor law (i.e. more opt-outs).

Island savages

It is the people who live in their communities who know and hear about these attacks every day, she told an interviewer. Home Office research shows that the "vast majority" of Britons have never heard of police authorities, and most of those who have don't know what they do.

Labour’s flawed record

Foot off the pedal

The foundation, an automotive lobby group, points out that demand for cars and fuel is relatively elastic in the long run. Predicting the price of oil is a fool's game (oil was falling again when the Economist went to press), but even the most die-hard oilmen think a return to such cheap fuel is unlikely.

Ebbing

When compromise fails

Clegg, over?

Mr Brown's unpopularity is replacing the Lib Dems' opposition to the Iraq war as their main recruitment tool. The division of the House of Commons is symbolic of the plight the Lib Dems face in Britain's antagonistic political system.

They came, they jawed, they failed to conquer

The G8 couldn't even come up with near-term goals to reduce emissions—say by 2020. A Japanese diplomat worries that the relationship between the G8 and the so-called G5 (India, China, Brazil, Mexico and South Africa) is over climate change may soon resemble governance-labor standoffs at their worst.

The marathon’s not over

Pulling back the blanket

A few months later, Slobodan Milosevic, the Serbian despot, became the first sitting head of state to be indicted for war crimes. Several former heads of state have also been put in the dock on charges of war crimes.

Breaking up is hard to do

Part of the answer is that investors assume that active portfolio managers like GE and Procter &. However, successful sellers work hard to get the best possible prices for their assets, even if it takes months.

Dealing with sinophobia

Norway has had no recent battles with China, and has much of its own oil in the North Sea, so it was unlikely to cause a big fuss. However, it was surely no coincidence that the targets were small and in highly competitive industries—so the deals could not trouble regulators or xenophobes.

The cult of the dabbawala

Top that

Slim’s pickings

CTE failed to meet contractual obligations to Americatel to improve interconnection. Representatives of Telgua and CTE declined to comment.). Cofetel, the Mexican regulator, also recently ordered Telmex to improve its interconnection with rivals, following complaints from some cable operators.

Mixed signals

It is not clear who will be interested in buying shares in DB ML. It appears that Mehdorn will eventually find himself in battle with institutional investors and hedge funds looking to shake things up.

Are they coming back?

The only way is down

In short, as Mr. Simmons readily admits, the debate between proponents and critics of peak oil boils down to an argument about timing. Optimists think the technology will advance quickly enough to offset the decline in production from large fields like the ones Simmons studied in Saudi Arabia.

The illusion of calm in Tibet

Witnesses speak of riots outside the Ramoche temple that began before 11:30 am, well before your correspondent arrived at the quarter. It may have been simple chaos from a security apparatus overstretched by an outbreak of large-scale protests earlier in the week outside large monasteries on the outskirts of the city.

The Med’s moment comes

Now, the influx of foreign direct investment could reverse a long relative decline in the fortunes of the south and east coasts. Now in the competence of the EU, Mrs. Merkel seems more comfortable with the scheme of Mr. Sarkozy, which has been diplomatically renamed "Barcelona Process: Union for the Mediterranean".

Under the hammer

UBS is badly bleeding but has raised plenty of capital and said on July 4 that it will come close to breaking even in the second quarter. Deutsche snapped up the Dutch corporate-banking arm of ABN AMRO from Fortis, a Benelux bank, for a song on July 2.

A fate worse than debt

The system is still deleveraging, at least according to the latest figures from America, which show that bank loans fell at an annual rate of 8% in the thirteen weeks to June 25. Headline inflation is well above target, so central banks are unlikely to come to the rescue with interest rate cuts; In fact, many prefer to tighten monetary policy.

The secrets of succession

Annuals horribilis

Finally thinking Strait

The wrecking-ball response

Bodily functions

Promises, promises

Instead, governments use windfalls to increase their consumption - but not the good kind, like hiring nurses and teachers, which also require a lot of advance planning. A survey of aid donors cited in the study found that 29% of delayed or lost disbursements were due to administrative problems in the donor countries.

Enigma variations

If they are the same, the two photons will come out of the beam splitter together. If A and B are different, they will come out of the beam splitter in one of three different places, depending on exactly which way they differ.

Guiding light

Colour vision?

A cold fish

Remembering the barricades

Composed by Claude-Joseph Rouget de Lisle, a young engineer stationed in the Army of the Rhine, it was written in a single night in 1792. Since then, Bastille Day has been surrounded by different messages at different moments of crisis in French history. , according to the needs of the times: working-class solidarity and revolutionary promises for the Front Populaire and Léon Blum's government in 1936; liberation from occupation and the myth of resistance as revolution in 1945.

Stuff happens

Nor does it include one of the best essays in the modern continental tradition on friendship, death, and suicide, The Experience of Death (1938) by Paul-Louis Landsberg, a German Jewish Catholic who refused the chance to escape and died in a Nazi Camp.

Apocalypse now

The usual suspects

As he admits, "the theory is distinctly unscientific because it does not provide deterministic explanations and predictions". The lesson of the credit crunch is that assigning blame to one participant can be counterproductive.

A bad habit they can't give up

Spluttering to a halt

Jesse Helms

The efforts of the NCCC in 1976 delivered North Carolina to Ronald Reagan at a point where his primary campaign collapsed, stiffening his backbone for subsequent runs for office. Mr. Helms was a polarizer: so much so that he never won more than 55% of the vote in North Carolina.

Overview

Output, prices and jobs

Female employment

Trade, exchange rates, budget balances and interest rates

Markets

Mergers and acquisitions

Gambar

Illustration by Kevin Kallaugher
Illustration by Claudio Munoz
Illustration by Kevin Kallaugher
Illustration by Peter Schrank
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