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The Economist Continental Europe Edition

The Economist Continental Europe Edition 08/11/2018

The Economist is the premier source for the analysis of world business and current affairs, providing authoritative insight and opinion on international news, world politics, business, finance, science and technology, as well as overviews of cultural trends and regular Special reports on industries and countries.

Land:
United Kingdom
Språk:
English
Utgiver:
The Economist Newspaper Limited - Europe
Hyppighet:
Weekly
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8 min.
the world this week

Politics America reimposed sanctions on Iran, three months after pulling out of an accord brokered in 2015 to roll back its nuclear-weapons programme. A European Union law aims to shield EU-based firms that deal with Iran from the sanctions. But Donald Trump tweeted that anyone doing business with Iran will not be doing business with America. Scores of international companies have said they will comply with the order. Tougher sanctions come into force in November that curb Iranian energy exports. Saudi Arabia expelled Canada’s ambassador, froze trade with the country and will reportedly dump its Canadian investments. The kingdom’s ire was raised by a series of tweets from Canada’s foreign minister, in which she called for the release of Saudi human-rights activists. The government in Zimbabwe continued arresting and torturing members of the…

5 min.
stuck in the past

IF YOU are a high earner in a rich country and you lack a good accountant, you probably spend about half the year working for the state. If you are an average earner, not even an accountant can spare you taxes on your payroll and spending. Most of the fuss about taxation is over how much the government takes and how often it is wasted. Too little is about how taxes are raised. Today’s tax systems are not only marred by the bewildering complexity and loopholes that have always afflicted taxation; they are also outdated. That makes them less efficient, more unfair and more likely to conflict with a government’s priorities. The world needs to remake tax systems so that they are fit for the 21st century. Let me tell you how…

3 min.
sign me up

AMERICA’S mid-term elections in November will be hugely consequential. If the Democrats capture the House of Representatives, as The Economist’s model suggests they have a three-in-four chance of doing, they will control congressional committees that now protect President Donald Trump from harsh investigation. If Republicans hold on, they can pick up their attempt to repeal Obamacare. Yet few Americans are expected to vote in the mid-terms. Last time, in 2014, just 37% of eligible voters turned out. Worse, many legitimate voters this autumn will be deterred or blocked from casting ballots. In some states voters have been “purged” from the rolls in overzealous clean-up efforts (see United States section). Other states demand ever more documentary proof that people are eligible to vote. Well-off homeowners who drive cars and have passports barely…

4 min.
brasília, we have a problem

WITH just two months to go before the first round of Brazil’s elections, no one has a clue what will happen. The front-runner for the presidency, Luiz Inácio Lula da Silva, a left-wing former president, is in jail; the courts will almost certainly bar him from running. The rest of the presidential field is fragmented—no candidate polls over 20%. Unless someone wins a majority, the vote will go to a second round on October 28th. At the moment, any of four or five people could win it. Lula’s probable disqualification is just one of many reasons why this election is especially worrying (see Americas section). His supporters are convinced that he has been unfairly singled out, that the corruption charges against him are trumped up and that his 12-year sentence is…

4 min.
prudence not protectionism

IT WAS like “selling Mount Vernon to the redcoats”. That was the cry when Fujitsu, a Japanese technology giant, proposed a friendly takeover of Fairfield, a once-pioneering Californian semiconductor firm, in 1986. At stake, in the eyes of the deal’s critics, were America’s economic strength, military security and technological competitiveness. So emerged the first effort to screen foreign direct investment (FDI) into the United States on national-security grounds. Since then, things have become immeasurably more complicated. Now the main predator is China. The prey is all manner of technology and data, some with overlapping military and civilian uses. The security and surveillance concerns have gone global. President Donald Trump has a bill on his desk, approved in recent weeks with bipartisan support in Congress, that expands the scope of the Committee…

3 min.
down with summer holidays

YOU return from work on a muggy August evening. Your unwashed teenage son is on the sofa playing Fortnite, as he has been doing for the past eight hours. Your daughter, scrolling through Instagram, acknowledges your presence with a surly grunt. Not for the first time, you ask yourself: why are school summer holidays so insufferably long? This is a more serious question than it sounds (see International section). Many children will return from the long break having forgotten much of what they were taught the previous year. One study from the American South found that this “summer learning loss” could be as high as a quarter of the year’s education. Poor children tend to be the worst affected, since rich ones typically live in homes full of books and are…