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The Economist Continental Europe Edition

The Economist Continental Europe Edition 05/27/2017

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 An Islamist suicide-bomber killed 22 people and left more than 60 injured in Manchester, Britain’s third-largest city. It was the country’s bloodiest terror attack since 2005. The bomb was detonated in the foyer of a venue staging a pop concert; children were among the victims. Police think the bomber was part of a jihadist network and arrested several people. The threat level from terrorism was raised to “critical”, the first time it has reached this highest category since 2007. The Conservative Party reversed a headline policy less than a week after publishing the proposal in its election manifesto. A shake-up in social care had quickly been dubbed the “dementia tax”. Fearing a backlash from older voters, Theresa May, the prime minister, sought to “clarify” the policy, but the U-turn was clear.…

5 мин.
deep trouble

EARTH is poorly named. The ocean covers almost three-quarters of the planet. It is divided into five basins: the Pacific, the Atlantic, the Indian, the Arctic and the Southern oceans. Were all the planet’s water placed over the United States, it would form a column of liquid 132km tall. The ocean provides 3bn people with almost a fifth of their protein (making fish a bigger source of the stuff than beef). Fishing and aquaculture assure the livelihoods of one in ten of the world’s people. Climate and weather systems depend on the temperature patterns of the ocean and its interactions with the atmosphere. If anything ought to be too big to fail, it is the ocean. Humans have long assumed that the ocean’s size allowed them to put anything they wanted…

3 мин.
almost is never enough

TERRORISTS often set out to slaughter the innocent. But none could be more innocent than eight-year-old Saffie Roussos, left. She was one of the children, most of them teenagers, who flocked to see Ariana Grande give a concert in Manchester on May 22nd. After the show, a suicide-bomber detonated a device packed with metal nuts and bolts, injuring over 60 and killing 22, including Saffie. As with the school massacres in Beslan in Russia in 2004 and Peshawar in Pakistan in 2014, the aim was to strike people where they are most vulnerable—as parents and grandparents and uncles and aunts. It succeeded. For Britain, which had been spared deadly bomb blasts since the attacks in London in 2005, this was proof of how hard it is to foil every plot every…

3 мин.
the temer tape

WHEN Michel Temer took over as Brazil’s president from Dilma Rousseff, who was impeached last August, no one saw him as a clean break from the grubby past. Members of both his Party of the Brazilian Democratic Movement and Ms Rousseff’s Workers’ Party are being investigated or have been convicted in the Lava Jato (Car Wash) probes into scandals centred on Petrobras, the state-run energy company. The difference is that Mr Temer, a more adept politician than Ms Rousseff, is pushing through vital economic reforms that she failed to advance. That is why new accusations of wrongdoing by the president are unsurprising but bad for Brazil. It is unclear whether Mr Temer has committed any crimes. The new allegations come from Joesley Batista, a meat mogul, who was being pursued by…

3 мин.
not the enemy

THE public markets in America are much less crowded than they once were. Twenty years ago America was home to 8,000 listed domestic firms; now the total is close to 4,000. In 2016, 74 firms made their stock-market debut, compared with 600 two decades ago. This winnowing is unwelcome. Merger activity, which reduces the number of listed firms, is damaging competition. Overregulation, which deters younger firms from floating, deprives ordinary investors of opportunities to benefit from America’s corporate successes. Less obvious is why the firms themselves, or their investors, should care. Companies that once had to go public to raise capital can happily fund themselves in private markets with money from sovereign-wealth funds and institutional investors. Unicorns, privately held tech startups with valuations exceeding $1bn, are common. Cash keeps pouring into…

5 мин.
jail break

SHIRLEY SCHMITT is no one’s idea of a dangerous criminal. She lived quietly on a farm in Iowa, raising horses and a daughter, until her husband died in 2006. Depressed and suffering from chronic pain, she started using methamphetamine. Unable to afford her habit, she and a group of friends started to make the drug, for their own personal use. She was arrested in 2012, underwent drug treatment, and has been sober ever since. She has never sold drugs for profit, but federal mandatory minimum rules, along with previous convictions for drug possession and livestock neglect, forced the judge to sentence her to ten years in prison. Each year she serves will cost taxpayers roughly $30,000—enough to pay the fees for three struggling students at the University of Iowa. When…