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Newsweek EuropeNewsweek Europe

Newsweek Europe 02/15/2019

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51 Issues


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the archives

1964 In the U.S. at mid-century, poverty carried “a special frustration,” Newsweek wrote, because “to be poor in America today is to be out of step with the nation, a stranger in paradise, a frequently faceless member of an alien culture.” Society had finally “attained the technological resources to wipe out poverty,” yet those advancements were the very things “aggravating the plight” of the have-nots. Over 50 years later, with poverty affecting over 11.5 million American children and looming anxieties about artificial intelligence, technology has taken that “special frustration” and raised it. 1974 William Friedkin’s massive hit The Exorcist “brought into frenzied focus the underground anxieties, fantasies and fears that have lately broken through the surface of contemporary society,” Newsweek wrote. The “rare and dying art” of exorcism tapped into that confusion, raising…

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more power to you

Opposition leader and self-proclaimed “acting president” of Venezuela Juan Guaidó stands with his family and addresses the press outside his home on January 31. That declaration by the 35-year-old leader of the National Assembly set off international controversy and was a direct challenge to President Nicolás Maduro, whose landslide re-election last year was widely seen as rigged. Thousands of supporters took to the streets to cheer Guaidó. At least 27 countries, including the U.S., have recognized Guaidó’s government. Concerned about setting a precedent for coups, though, EU ministers are backing him only until a new election can be held.…

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bridge over troubled waters

CHRIS CHRISTIE IS A MAN OF DONALD TRUMP’S ilk. Both grew up in the shadows of Manhattan dreaming of the riches that come with success and notoriety. Both are boisterous but make up for their bombast with charm. And both men always take it personally. Their political paths diverged from there. Trump became president, while Christie, once America’s favorite bully, saw his White House ambitions engulfed in scandal over, of all things, a traffic jam (remember Bridgegate?). The two-term governor of New Jersey ended his tenure as the least popular chief executive in state history, after being fired from running Trump’s transition team. So, perhaps unsurprisingly, Christie’s thirst for vengeance reaches Princess Bride levels in Let Me Finish, his first book, published by Hachette in late January. The book works to settle…

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islam is peace

IN 18 MONTHS AS SECRETARY-general of the Muslim World League, I have traveled to the Vatican to elevate interfaith understanding with His Holiness Pope Francis. I visited the Grand Synagogue of Paris and the United States Holocaust Memorial Museum. I welcomed the highest-level delegation of U.S. evangelical Christian leaders ever to visit Saudi Arabia. People ask me: What do these taboo-shattering acts signify? What do they all have in common? I tell them that they reflect my sacred obligation to promote true Islam, a religion of moderation and peace. And that they all stem from my solemn oath as an Islamic leader to demonstrate responsible leadership in everything I do. What do I mean when I talk about responsible leadership? For me, it is naturally about fulfilling my mandate as head of an…

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malta: innovation in the heart of the med

Punching well above its weight for many years, given the size and success of its booming economy versus its small geographical area, Malta continues to make the most of its limited resources through a multi-pronged strategy focused on innovation and diversification. Blending a welcoming business climate with excellent infrastructure and social and political stability, the ambitious and agile country boasts an outstanding reputation as a world-class center for international financial services, advanced manufacturing, maritime sector activities and, more recently, as a hub for gaming and blockchain technology. Averaging foreign direct investment of $4 billion a year since 2015, many investors continue to focus on opportunities involving cutting-edge technologies, while others see opportunities in more traditional spheres such as tourism, healthcare and education. My government is seeing innovation in the regulation of new industries,…

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creating a world-class financial watchdog for the future

The Malta Financial Services Authority (MFSA) has helped Malta to firmly establish itself as “a jurisdiction of excellence in financial services,” says Joseph Cuschieri, the recently appointed CEO of Malta’s single regulator for its financial services sector. He previously transformed the Malta Gaming Authority into a world-class gaming regulatory agency, spearheading major legislative reforms. His challenge now is to make the MFSA one of Europe’s top-five watchdogs, he says: “An effective and modern regulator, being innovative and approachable but also tough and agile on enforcement. I would like it to be a role model for other jurisdictions.” Cuschieri believes that, as new technologies change financial services, “Malta can become a leader in fintech, regtech and blockchain technology. These are all areas where Malta is the perfect jurisdiction to establish and operate from.…