Articles marked with this icon will only be printed in the UK edition of The Economist. At Fannie and Freddie—and, shockingly, at the investment banks—profits were privatized, but risks were socialized.
Welcome, Mr would-be President
On trade, Mr. Obama always demanded NAFTA renegotiations; now he emphasizes his commitment to the cause of free trade. In fact, doubts exist on all these fronts: doubts about what Obama's positions as president would actually be, and doubts about what he could achieve through Congress.
How to win the war within Islam
As the West learns the limits of power, it is Muslims, not foreign soldiers, who will defeat al-Qaeda. Muslim anger against the West has a complex pathology that goes back to the Spanish Reconquista in the Middle Ages; it is hardly something that can be undone.
Remember Doha?
Many argue that trade rounds are now impossibly cumbersome: the WTO's membership is too large, the scope of talks too broad. But historians may still see failure next week as the moment when the WTO began to lose its vitality.
Justice or expediency in Sudan?
On the contrary, the trials in various courts of Milosevic, Mr Taylor and perhaps Mr Bashir too may ultimately deter future war criminals. The ICC must now issue its indictment against Mr Bashir if the evidence warrants it.
Look for the silver lining
Brazil's soybean plantations, and in 2005 the government relented and gave approval for the use of GM seeds. Mostly, companies will decide to fight piracy of their products by sending in the lawyers with all guns blazing.
On the Lisbon treaty, pesticides, Colombia, Israel, guns, oil, politicians
SIR – Once again, Israel is paying an exorbitant price for its soldiers kidnapped in a prisoner swap with Hizbullah (“A Dodgy Trade,” July 5). SIR – Your article on gun rights in America made the common assumption that the constitution is unclear on the issue (“Supreme Court Opens Fire,” June 28).
Flags, veils and sharia
Egitim-Sen, a left-wing teachers' union, claims that Islam has permeated textbooks under the AKP. The first came last fall when the AKP tried to put together a new constitution to replace the one the generals wrote in the 1980s.
Coup de grâce
Voten por mi!
Latinos even helped Mr. Obama close by ten points in the Republican stronghold of Texas. But Mr. Obama's strength among Hispanic voters is not just about his stance on.
Which way will capital vote?
Mr Obama also wants to end the requirement that workers hold a secret ballot before forming a union. He thinks Mr. McCain is tough on waste, but Mr. Obama will have trouble standing up to a free-spending Democratic Congress.
In the line of fire
Turbine time
Boone Pickens takes to the skies
Its emphasis on natural gas is odd, for one thing: America doesn't have many natural gas vehicles. But if Mr. Pickens wants to use his own fortune to sell the general public on the idea of wind power, that's all to the good.
The Big Apple gets poorer
Learning their lesson
Requiem for a queen
Cobbling together a dream ticket
But given this wealth of choices, Mr. Obama would do well to be careful: he needs someone with a delicate combination of executive experience and personal gravitas. But given Mr Obama's race and charisma, a boring white man might be exactly what he needs.
Mending an icon
The number of murders in Brazil is falling, but in the city of Rio, the number of police killings has risen sharply - from 300 in 1998 to 900 last year. The first candidate in the mayoral race in Rio, which will be held in October, is Marcelo Crivella.
Deadly massage
The recovery of public spaces, which in Caracas are mostly poorly lit and made unsuitable by street commerce and.
Love fest
Up to their necks in it
In the words of Sunita Narain, a prominent environmentalist who mocks the tourism ministry's slogan: "The incredible India drowning in its excrement". Ignorant local governments; corrupt state governments; feud, overburdened central government: all three have played a role in the Ganges disturbance.
Five-ring circus
Dawn raid
Change of heart
Dance of the seven nuclear veils
More religions, more trouble
In reality, the proportion of Muslims is believed to be much higher, probably more than half now, but the government has not released exact updated figures. They also fear that the government in Jakarta is increasingly supporting Islamic orthodoxy at the expense of Indonesia's non-Muslims.
Raising the bar
The trials of Anwar
Sudan’s leader is accused, but others can expect to follow
So the Security Council was empowered under Article 16 of the ICC Charter to suspend any investigation or prosecution for a period of 12 months with an indefinite extension. The court has been insulted, its rulings belittled as "politicized", the accusations of atrocities in Darfur rejected.
A surprising move
A worthless currency
But very few ordinary people can obtain foreign currency from banks; most still use the black market to dispose of their Zimbabwean dollars. Argentinians held about 60% of their bank deposits in foreign currency three years after the high inflation of the late 1980s ended, compared with less than 10% before the crisis.
The most dangerous seas in the world
These days, pirates are much more sophisticated and organized, with powerful speedboats, offshore motherships, heavy weapons, satellite equipment and offshore negotiators dealing in rewards. Western intelligence services are less concerned about the rising cost of global shipping than the possibility that pirates might link up or turn into Islamic terrorists.
Berlusconi fiddles, Italy burns
Such was the outcry over the first measure that it was sterilized by amendment, but only after it became clear that the second could be pushed through by the autumn, when Mr Berlusconi's bribery trial is due to end. Looking ahead to the autumn, Mr Berlusconi has announced at least one "radical reform" - but only of the courts.
Home to roost
Balkan end-games
Alida Vracic, who runs Populari, a think tank, believes the key is to show Bosnians that there are real benefits to EU integration. When we no longer need visas," she says, "they will understand what this is all about."
Sarko’s southern dream
A burqa barrier
Solid no more
Leterme’s limits
Flying lessons
European Parliament, says that such policies as the zero tax on aviation fuel have distorted competition in favor of air travel. But cheap air travel is still a success story for Europe, says Mr Liese, if the alternative is monopolies and prices that are much higher than they should be.
Things can only get worse
Figures based on the labor force survey released on July 16 showed that employment continued to grow and that the unemployment rate. It requires an anticipatory rise in interest rates to show that the central bank means something to restore price stability.
Summer of discontent
Dave Prentis, the boss of Unison, a 1.4 million-member union that represents many local authority workers on the picket lines, has accused Mr Brown of “lacking ideas”. With Labour's finances in such a mess, Mr Brown may have to make some concessions to the unions for all his tough talk, even if it brings back uncomfortable memories of the 1970s.
No IVF please, we’re British
As the happy families gather on the property, drinking champagne and photographing their children with Louise Brown, they share stories – of hope, bitter disappointment and ultimate joy, as well as grandparents' loans, extended mortgages and second and third jobs. pay for treatment. The couple used up all their savings and took out a loan to pay for private treatment after being told by the NHS to "learn to live without children".
The high price of free accounts
More haste, less speed
Great expectations, no hope
The reverse - whether more of Mr Brown, or indeed the SNP, will be beneficial to Glasgow East - is more doubtful. Viewed objectively, the plight of Glasgow East is much more desperate; but it has become routine.
The return of Mr Nyet
Given Russia's aim to speak for the second camp, its veto was logical - and as Russian officials stressed, it reflected the African Union line. Compared to China, Russia's efforts to counter the West in Africa have so far been lackluster; China's trade with Zimbabwe is ten times that of Russia.
Round the horn
Winning or losing?
The rationale was explained by Ayman al-Zawahiri, the co-founder of Al Qaeda, in his memoir titled The rise of al Qaeda's stateless terrorism does not mean that the old, state-sponsored version has disappeared.
A hydra-headed monster
American officers acknowledge that even with the best will in the world, the Pakistani military would struggle to control the remote border. It is the military, not the government, that is leading the talks, and the Americans fear it will hand control to the Taliban and al-Qaeda as they have done in the past.
Hearts and minds
The brutality of the Algerian jihad took the lives of more than 100,000 people throughout the 1990s. The jihadists use the vast Sahara to train recruits from across the region.
Doing their own thing
Instead, most "occurred because Al Qaeda is clearly determined to carry out terrorist attacks on the UK". Still, French security officials expect more attacks given Al Qaeda's violent resurgence in the Maghreb.
Bending the rules
But it is impossible to judge the quality of such information, or to know how many other lives have been lost or endangered by the outrage such methods have caused among Muslims. Indeed, British Muslims have begun reporting suspicious activity to police, leading to at least one arrest.
Powers of persuasion
I saw Muslims killing Muslims, and Iraqis killing Iraqis.” Now, with the help of the Saudi government, he hopes to write a book and launch a poetry magazine. It should not be a test of the people,” says a senior Saudi figure, “it should be a test of Al-Qaeda's ideology.
The self-destructive gene
Do al Qaeda's failures answer Donald Rumsfeld's question about whether America is winning or losing the "war on terror." Al Qaeda will not be defeated by America, but by governments in the Muslim world that manage to extend their rule into its lawless territories.
Sources and acknowledgments
Intelligence, Counter-Terrorism and Trust,” Jonathan Evans, Director General of the Security Service, November 5, 2007. Harmony database and translations of captured Al Qaeda documents, including letters from Ayman al-Zawahiri and Atiyah to Abu Musab al-Zarqawi. .
Offer to readers
Crisis? What crisis?
One new aircraft announced at Farnborough was the Bombardier CSeries, a 110- to 130-seat jet that will enter Lufthansa service in 2013 and compete with the smallest versions of the A320 and 737. Boeing and Airbus will have to decide whether they are willing to cede a small but important part of the market to the Canadian invader.
With cat-like tread
Busting trust
Thanks, me hearties
Many music executives have been reluctant to take advantage of file-sharing statistics because of the problems the technology has caused in the industry, says Eric Garland, the boss of BigChampagne. TV stations and film studios, by contrast, are "sprinting through the stages of grief" - and coming to terms with the reality that details about the illegal use of their material can actually be very useful.
Jobs for the old
Culture clash
Everyone now seems to think that WiMAX will be no more than a "niche technology," as Hakan Eriksson, Ericsson's chief technology officer, put it somewhat smugly. Frost & Sullivan, a market research firm, predicts that if there are no spectrum auctions and commercial deployments this year, "the global market size for mobile WiMAX will be insignificant." Nortel, another major equipment manufacturer and an early supporter of WiMAX, estimates its market share will be at best 10 percent by the end of 2012, and recently said it will now focus on LTE.
Yabba Dabba do
Marathon man
Some saw it as a demotion because he was leaving as co-CEO of the parent company. This week Mr. Enders described the inquiry as "a show trial and a piece of bad theatre".
Defrosting Doha
He lacks "trade promotion authority" (TPA) — the right to negotiate a trade deal and submit a bill to lawmakers for a straight yes-or-no vote without amendment — and won't get it now not. Importantly for developing countries, tariff escalation - the charging of higher tariffs on processed goods than on raw materials - would be scaled back.
End of illusions
Investors thought the government would not let Fannie and Freddie fail; they were just proven right. Investors have gotten plenty of protection against a housing bust because of the kind of deals that Fannie and Freddie guaranteed.
Toxic fudge
The bet on the merger that created CME Group received just 82 trades in its 80-day lifespan. The stock market is a more liquid place to bet on banks, but failure protection can be a sensible option if banks continue to fail.
Turning panic into opportunity
This was not because the wars were good news, but because pre-war tensions made investors so uncertain. In addition to the credit crunch, investors are worried about a combination of higher-than-expected inflation and slower growth, and fears that central banks will be lured into setting monetary policy that is too loose or too tight.
Three amigos, only one conquistador
To make matters worse, data released during the Fed chairman's second day of testimony showed that year-over-year inflation rose to 5.0% in June (see chart), the highest rate since 1991. Recession in the first half of the year , followed by a sluggish recovery -- the standard forecast until recently -- could allow the Fed to raise interest rates in the fall.
Grasping at shorts
Land of the rising price
Japan's recovery has been supported by strong exports, first to China and more recently to Europe and oil-exporting countries. Historically, free cash flow is a good predictor in Japan of business investment, which, after exports, has helped fuel Japan's six-year recovery.
Food for thought
Although the way antioxidants work in the brain is not well understood, Dr. Gómez-Pinilla says it is likely that they protect synaptic membranes. In recent years, various studies have examined the effect of adding omega-3 fatty acids to people's diets.
DARC continent
The variant form of DARC stops the growth of Plasmodium vivax, one of the four parasites that can cause malaria. And that's what Robin Weiss of University College London, another member of the team, suspects happened.
Great minds think (too much) alike
The greatest journey
William Bernstein's A Brilliant Exchange is a timely and readable reminder that the urge to trade is not only one of the oldest human instincts, but also the cause of many of the most important. Today, it is the Straits of Hormuz, through which most of the world's oil is transported, that has acquired the same strategic importance as the Hellespont for the Athenians.
Doom, gloom and boom
And his description of the way Russian money has influenced politics in both Germany and America is troubling. Mr. Putin's rise to power – and his recent move out of the Kremlin to become prime minister – cannot be explained solely as part of a putsch by the old KGB (indeed, Mr LeVine thinks that thesis is "grossly exaggerated").
A Catholic father
Questing lost manuscripts
Waterlog
Strutting on the stage
But then in 132 AD. the second Jewish uprising began, he suppressed it with a fury that Mr. Opper describes as “a slow campaign of extermination.” Mr. Opper's catalog tells us that the comment among his contemporaries was not that Hadrian was homosexual, but that he insisted that Antinous should be given the status of a god after his death in the Nile in 130 AD.
John Templeton
Scholars aided by Sir John's money. explored whether prayer and health are connected, whether water was precisely adapted to promote life, whether intention guides the universe. The interviewers found themselves bombarded with questions and listened to intently, and the analysis was scathing to the end: in 2003, Sir John predicted a property crash and declared the stock market "broken".
Overview
Output, prices and jobs
The Economist commodity-price index
Turkey
Trade, exchange rates, budget balances and interest rates
Commercial-property prices
