2015-03-21 Economist.pdf

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Terror in Tunis
The rich-poor parenting gap
Hellenic hotheads v tough Teutons
Dangers of a rising dollar
MARCH
21ST
–
27TH 2015
Economist.com
A holiday at the bottom of the sea
Spreading fear,
losing ground
The weakness of
Islamic State
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Contents
6
The world this week
32
9
Leaders
The war against Islamic
State
The caliphate cracks
China on the world stage
A bridge not far enough
Greece v Germany
Dangerous liaisons
The strong dollar
Mismatch point
Britain’s budget
But seriously
Asia
The Asian Infrastructure
Investment Bank
Follow the money
Investment in Sri Lanka
Storm in a port
Vanuatu and Cyclone Pam
No enchanted evening
Benigno Aquino’s
troubles
Victims of the raid
Same-sex unions in
Japan
Summer of love
India’s opposition
The son also disappears
China
Hong Kong-mainland
relations
Deepening antagonism
Feminists
A bad day for women
Smoking
Tougher controls
Banyan
Dalai Lamas reborn
Middle East and Africa
Israel’s election
The price of Bibi’s
comeback
Jihadism in Tunisia
Terror at the Bardo
Egypt’s economy
Pharaonic ideas
Sport in the Gulf
Step on it
Mercenaries in Africa
Leash the dogs of war
Corruption in Kenya
At long last, a prosecution
Europe
Germany, Greece and
history
Pointing fingers
A French political fad
Chirac’s return
Irish politics
Eyes on the prize
Balkan migration
Leaving dreams, chasing
dreams
Rome’s papal windfall
A time to give thanks
Charlemagne
Europe’s information wars
The Economist
March 21st 2015
3
33
33
34
10
10
11
12
On the cover
Islamic State is still spreading
terror, but the “caliphate” is
shrinking and its weaknesses
are becoming more evident:
leader, page 9. The factors
that made IS a success are now
contributing to its problems,
pages 17-20. A murderous
attack in Tunis, page 40
The Economist
online
Daily analysis and opinion to
supplement the print edition, plus
audio and video, and a daily chart
Economist.com
34
35
Letters
14 On political parties, the
Olympics, Berkshire
Hathaway, fox hunting,
Bobby Jindal
Briefing
17 Islamic State
The pushback
United States
Appalachia
The Fifty Years War
After the bankruptcy
Green shoots
Executions
The drugs don’t work
Aaron Schock
At play in Peoria
Government spending
Frugality for dummies
Tax incentives
Sparks fly
Lexington
Defending America
The Americas
Protests in Brazil
The wisdom of crowds
Canada’s new
anti-terrorism bill
Let feardom ring
Journalism in Mexico
Radio silenced
Bello
Venezuela and its
neighbours
Greece v Germany
The economic crisis in Greece
threatens to cause a
geopolitical one, too: leader,
page 10. Neither childish
squabbles nor historical
arguments will help solve
Greece’s problems, page 43
36
37
37
38
21
22
23
24
24
26
28
E-mail:
newsletters and
mobile edition
Economist.com/email
39
Print edition:
available online by
7pm London time each Thursday
Economist.com/print
40
40
41
42
42
Haves and have nots
How
poverty in Appalachia has
changed since the federal
government went to war in the
hollows, page 21. America’s
parenting gap between rich
and poor, page 73
Audio edition:
available online
to download each Friday
Economist.com/audioedition
Volume 414 Number 8930
29
Published since September 1843
to take part in "a severe contest between
intelligence, which presses forward, and
an unworthy, timid ignorance obstructing
our progress."
Editorial offices in London and also:
Atlanta, Beijing, Berlin, Brussels, Cairo,
Chicago, Hong Kong, Johannesburg, Lima,
Los Angeles, Mexico City, Moscow, New Delhi,
New York, Paris, San Francisco, São Paulo,
Singapore, Tokyo, Washington DC
43
30
44
45
45
30
31
48
49
British budget
We hope that
George Osborne’s final budget
does not mean what it says:
leader, page 12. Why the
spending plans do not make
sense,
page 50. Britain’s
election campaign is dominated
by talk of a pending squeeze
which most Britons have not
much felt: Bagehot, page 52
1
Contents continues overleaf
4
Contents
The Economist
March 21st 2015
Dollar trade-weighted index
Major currencies, March 1st 1973=100
100
90
80
70
2012
13
14
15
Britain
50 The budget
Bust to boom
51 Labour’s response
A one-legged stool
52 Bagehot
Leaner but meaner
International
53 Televised political
debates
Lights, camera, election
54 Political consultants
Spinning a win
Business
The legal profession
Attack of the bean-counters
Viacom
The autumn of Sumner
The Algosaibi affair
A Saudi saga
Mobile telecoms in India
Under the hammer
Schumpeter
What is the purpose of
a company?
Finance and economics
America’s monetary
policy
A leap in the dark
Buttonwood
A new sovereign risk
The surging dollar
Feeling green
Notaries
The princes of paperwork
Mobile payments
Unfriending cash
Iraq’s economy
An empty chest
Free exchange
Regional and global trade
deals
69
70
70
71
The strong dollar
The rise of
the greenback will punish
borrowers in emerging markets:
leader, page 11. How will
investors react when the Fed
finally raises taxes? Page 63.
Debt-ridden emerging markets
are heading for a nasty dollar
hangover, page 65
71
72
Science and technology
Pandemic disease
Never again
3D printing
Rising from the ooze
Nutrition, IQ and income
Breast really is best
Exploring the ocean
An ambassador to
Neptune’s kingdom
C0
2
and the climate
Flatlining
Evolution
Beetlemania
Books and arts
Class and family in
America
The nurture gap
English country life
Pride and promiscuity
The birth of Israel
Long, long road
North Korea at the movies
Loan-star state
Visit Detroit...
...like Diego Rivera and
Frida Kahlo
55
58
59
61
62
73
Next week
We publish a special report
on the future of universities.
The American model of higher
education is spreading. It is
good at producing excellence,
but needs to get better at
providing access to decent
education at a reasonable
cost, says Emma Duncan
74
74
76
77
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China bank row
America is
wrong to obstruct China’s
Asian-infrastructure bank:
leader, page 10. Development
finance helps China win friends
and influence American allies,
page 32
63
64
65
66
66
67
68
80
Economic and financial
indicators
Statistics on 42
economies, plus a closer
look at world GDP
Obituary
82 Naty Revuelta
For love of Fidel
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Submersibles
A new miniature
submarine will allow aquanauts
to visit the ocean floor in
comfort, page 71
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