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The Economist Continental Europe Edition

The Economist Continental Europe Edition 02/03/2018

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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8 мин.
the world this week

Politics Donald Trump’s first State of the Union speech to Congress conveyed his dark view of a hostile world, but one in which he would “make America great again for all Americans”. The president touted his plan for immigration reform. This would introduce a decade-long path to citizenship for the “Dreamers”, migrants who came to America illegally as young children, which could potentially help up to 1.8m people, in return for lower overall immigration and money to build a border wall. In a rare public statement the FBI criticised the drive by Republicans in Congress to publish a classified memo. Written by Republicans on the House Intelligence Committee, the memo purports to show that the agency acted improperly when it carried out a surveillance operation on a former aide to the Trump…

5 мин.
doctor you

NO WONDER they are called “patients”. When people enter the health-care systems of rich countries today, they know what they will get: prodding doctors, endless tests, baffling jargon, rising costs and, above all, long waits. Some stoicism will always be needed, because health care is complex and diligence matters. But frustration is boiling over. This week three of the biggest names in American business—Amazon, Berkshire Hathaway and JPMorgan Chase—announced a new venture to provide better, cheaper health care for their employees. A fundamental problem with today’s system is that patients lack knowledge and control. Access to data can bestow both. The internet already enables patients to seek online consultations when and where it suits them. You can take over-the-counter tests to analyse your blood, sequence your genome and check on the…

3 мин.
changing of the guard

WHEN George H.W. Bush lost his presidency after four years in office, he blamed Alan Greenspan for not cutting interest rates fast enough in an election year. “I reappointed him, and he disappointed me,” said Mr Bush of the Federal Reserve chairman. Janet Yellen cannot now be a let-down to President Donald Trump. She chaired her last meeting of the Fed’s rate-setting committee this week; her successor, Jerome Powell, will serve beyond the next presidential election. On both counts—the change at the top and the type of replacement—America is setting a lead that others are likely to follow. The guard may be about to change at other central banks, too. Haruhiko Kuroda, boss of the Bank of Japan, must be reappointed or replaced by April. Zhou Xiaochuan is expected to step…

3 мин.
intolerable but unsackable

AFTER she contrived to lose the Tories’ parliamentary majority last year in spite of a widely unfancied Labour opposition, Theresa May was described by one former cabinet colleague as “a dead woman walking”. That harsh description has turned out to be only half-right. The prime minister’s inactivity since the election means that it would be more accurate to describe her as a dead woman standing still. The lack of policies or purpose in Downing Street, coupled with Mrs May’s frequent political pratfalls, have driven the Conservative Party to the brink of seeking a new leader (see page 26). The case for getting rid of the prime minister is compelling. But consider more closely what would follow and there is a stronger, though depressing, argument that if Britain tried to replace its…

4 мин.
threat and opportunity

THE European Union must feel as if it has seen off the populist horde. Economic growth is at its strongest in a decade. Emmanuel Macron has defeated the National Front and is transforming France. Although just 41% of citizens trust the EU, that is more than trust their national governments—and is fully ten points up on the lows after the financial crisis. Yet populism is not vanquished (see page 17). Insurgents are in office in Poland, Hungary and Austria and won last week’s vote in the Czech Republic. In Italy the Five Star Movement could sniff power in next month’s elections. In the years to come the influence of populist parties is likely to grow. Rather than declare victory and return to politics as usual, the establishment needs to learn from populists.…

3 мин.
time to end the academic arms race

THERE are plenty of good reasons for a young person to choose to go to university: intellectual growth, career opportunities, having fun. Around half of school-leavers in the rich world now do so, and the share is rising in poorer countries, too. Governments are keen on higher education, seeing it as a means to boost social mobility and economic growth. Almost all subsidise tuition—in America, to the tune of $200bn a year. But they tend to overestimate the benefits and ignore the costs of expanding university education (see page 49). Often, public money just feeds the arms race for qualifications. As more young people seek degrees, the returns both to them and to governments are lower. Employers demand degrees for jobs that never required them in the past and have not become…