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The Economist Continental Europe Edition

The Economist Continental Europe Edition 09/23/2017

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.

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The Economist Newspaper Limited - Europe
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8 мин.
the world this week

Politics Donald Trump’s first speech to the UN General Assembly excoriated Iran and North Korea for threatening world peace. The American president promised to “totally destroy” the regime of Kim Jong Un, whom he called “Rocket Man”, if it attacked America or one of its allies. The North launched a missile on September 15th that travelled 3,700km, flying over Japan before falling into the sea. Mr Trump also emphasised the right of countries to protect their national sovereignty, which went down well with China and Russia. Republicans in the Senate geared up for another attempt to disassemble Obamacare. This time they want to pass a measure as part of the budget process, thus avoiding a filibuster. The legislation would revoke Obamacare’s mandate that people must have health insurance. It would also cut…

5 мин.
does china play fair?

IF DONALD TRUMP had slapped punitive tariffs on all Chinese exports to America, as he promised, he would have started a trade war. Fortunately, the president hesitated, partly because he wants China’s help in thwarting North Korea’s nuclear ambitions. But that is not the end of the story. Tensions over China’s industrial might now threaten the architecture of the global economy. America’s trade representative this week called China an “unprecedented” threat that cannot be tamed by existing trade rules. The European Union, worried by a spate of Chinese acquisitions, is drafting stricter rules on foreign investment. And, all the while, China’s strategy for modernising its economy is adding further strain. At the heart of these tensions is one simple, overwhelming fact: firms around the world face ever more intense competition from…

3 мин.
limited liability

ONCE the giants of the internet could do no wrong. Now they are a favourite target of politicians everywhere. Europe’s finance ministers are discussing ways to increase taxes on digital services. Theresa May, Britain’s prime minister, this week demanded that social-media platforms be able to take down terrorist material within two hours. In America Face-book’s bosses must soon tell Congress what role users tied to Russia played in last year’s presidential campaign. Much of this is still political theatre. But not all. America’s Senate is contemplating the Stop Enabling Sex Traffickers Act (SESTA), a bipartisan bill that seeks to deter sex trafficking by ensuring that the Communications Decency Act (CDA) does not protect online services, such as Backpage.com, notorious for making money with sex-trafficking ads (see page 54). Should the bill…

3 мин.
the catalan question

SPAIN has known tumultuous times: civil war in the 1930s, dictatorship until 1975, a failed coup in 1981, a financial and economic crash in 2008-13, and terrorism of the nationalist and jihadist sorts. Now it faces a constitutional crisis that threatens its unity. The Catalan government plans to hold a “binding” referendum on independence on October1st. If a majority votes yes—regardless of the turnout—then Carles Puigdemont, the Catalan president, will unilaterally declare independence. The Spanish constitutional court has declared the vote illegal, and the conservative government of Mariano Rajoy has taken control of the region’s finances to try to block the ballot. The Guardia Civil has raided Catalan government offices and a private delivery firm to seize posters and ballot papers, and arrested at least 12 officials. The Catalan government has…

3 мин.
fixing the fixers

IN 267AD Nicantinous and Demetrius, two teenage wrestlers, had reached the final bout in a prestigious competition in Egypt. Their fathers struck a deal. For the price of a donkey, Demetrius would “fall three times and yield”. The signed contract is the earliest surviving record of a sporting competition being stitched up for financial gain. Today, match-fixing is a vast global enterprise (see page 51). The pickings are rich. Around $2trn is wagered on sport each year, mostly with online bookmakers who enable punters to evade national anti-gambling laws. Around one game in 100 is thought to be manipulated across a range of sports. Modern fixing is a more subtle affair than that of Nicantinous and Demetrius. It often involves manipulating the odds in live betting while a match is under way.…

5 мин.
the likely lad

NOT even Jeremy Corbyn could quite picture himself as leader of the Labour Party when he ran for the job in 2015. After he became leader, few could see him surviving a general election. Now, with the Conservatives’ majority freshly wiped out and the prime minister struggling to unite her party around a single vision of Brexit (see Bagehot), the unthinkable image of a left-wing firebrand in 10 Downing Street is increasingly plausible. Bookmakers have him as favourite to be Britain’s next prime minister. Labour need win only seven seats from the Tories to give Mr Corbyn the chance to form a ruling coalition. He will be received at next week’s Labour Party conference as a prime minister in waiting. There are two visions of a future Corbyn government. One, outlined…