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The Economist Continental Europe Edition

The Economist Continental Europe Edition 09/29/2018

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.

United Kingdom
The Economist Newspaper Limited - Europe
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NOK 2,165
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8 min.
the world this week

Politics More women made allegations of sexual assault against Brett Kavanaugh dating back to the 1980s, complicating the Republicans’ plan for his swift confirmation to the Supreme Court. The #MeToo movement, which began a year ago, has rallied to oppose Mr Kavanaugh. He denies all claims of sexual misconduct. Rod Rosenstein, America’s deputy attorney-general, described a report that he had thought about secretly taping Donald Trump and had discussed ways to remove him from office as “inaccurate”. Mr Rosenstein appointed the special counsel currently investigating Russian meddling in American elections. Mr Trump has often expressed displeasure with him. Atheists appoint bishops China and the Vatican agreed to share responsibility for appointing Chinese bishops. The church had previously insisted that only it could decide who was holy enough for the job. But China’s aggressively atheist…

5 min.
#metoo, one year on

A YEAR ago Harvey Weinstein was exposed as a sexual predator. Until then his treatment of women was an open secret among some of the film industry’s publicists, lawyers and journalists. Mr Weinstein had been protected by an unspoken assumption that in some situations powerful men can set their own rules. Over the past year that assumption has unravelled with welcome speed. In every walk of life powerful men have been forced out, and not just in America. Now Brett Kavanaugh may be denied a seat on America’s highest court following a series of accusations that he committed sexual assaults decades ago as a student. What began on the casting couch has made its way to the Supreme Court bench. That is progress. And yet the fate of the #MeToo movement…

3 min.
cash for trash

THE world is producing ever more rubbish. Households and businesses took out 2bn tonnes of trash in 2016, the equivalent of 740g each day for every person on the planet. The World Bank predicts the annual pile could grow by 70% by 2050, as the developing world gets richer. Such waste is not simply unsightly, it also threatens public health. Diarrhoea, respiratory infections and neurological conditions are more common in areas where waste is not regularly collected. And even where it is, it can cause environmental problems (see our special report this week). Greenhouse gases from the waste industry, principally in the form of methane from older landfill sites, could account for as much as a tenth of the global total by 2025. The case for taking action is clear. But…

3 min.
what price a passport?

WHEN Roman Abramovich had problems renewing his British visa, he turned to Switzerland. It rejected his residence application, however, after Swiss police said he posed a “reputation risk”. (He denies wrongdoing.) The colourful Russian billionaire and owner of Chelsea football club now has an Israeli passport, allowing him visa-free travel to Britain, and is converting a former hotel into his Tel Aviv pad. Israel offers nationality to any Jew who asks for it. Other oligarchs have to pay for the privilege, but they are spoilt for choice. Citizenship- and residence-for-sale schemes, typically charging between $100,000 and $2m, are booming (see International section). More than a dozen countries sell passports and around 100 sell residence. An industry of lawyers, bankers, accountants, consultants and estate agents has sprouted up to serve well-heeled “investment…

3 min.
tick tock

IT HAS been called the world’s most important number. LIBOR, which stands for the London Interbank Offered Rate, is a benchmark interest rate, representing the amount that banks pay to borrow unsecured from each other. Globally, it underpins $260trn of loans and derivatives, from variable-rate mortgages to interest-rate swaps. But LIBOR’s days are numbered. It is due to be phased out in three years. Broadly speaking, LIBOR’s planned demise is a good thing. But that does not mean it will go smoothly. The case for moving away from LIBOR as a reference rate is powerful. The rate is based on a panel of banks submitting estimates of their own borrowing costs. The rigging scandals that made LIBOR notorious in 2012 showed how this process could be manipulated. They have also made…

5 min.
the quest to remake politics

PITY the disaffected British voter who looks to the autumn conferences for inspiration. Both the main parties are hypnotised by Brexit. Labour, which gathered this week in Liverpool, tried to fudge its position only to fall into more bickering. The Conservatives, who will meet in Birmingham next week, are so divided over Europe that they are openly conspiring to oust their own prime minister. The earthquake of the referendum two years ago has energised Britain’s parties like nothing else—and crowded out debate on everything else. However, at last there are signs that politicians are starting to think about the direction that Britain should take after it leaves the EU (see Briefing). Some of the fundamental ideas that have underpinned Western governments of all stripes for decades are being questioned from right…