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The Economist Continental Europe Edition

The Economist Continental Europe Edition August 10, 2019

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 In its most ominous warning yet to protesters in Hong Kong, China said the demonstrators were “playing with fire” and on “the verge of a very dangerous situation”. A day earlier a strike hit the city’s transport system and led to more than 200 flight cancellations. The protesters, who initially wanted an extradition bill to be scrapped, are now calling for Carrie Lam to resign as Hong Kong’s leader and for direct elections. China’s spokesman in Hong Kong said Ms Lam was staying put. India’s Hindu-nationalist government unexpectedly ended the autonomy granted to Indian-administered Kashmir, splitting it in two, putting local party leaders under house arrest and ordering non-residents, including tourists, to leave. The government poured another 25,000 troops into the region. Pakistan said the move was illegal. Relations between the…

5 мин.
how will this end?

IT IS SUMMER, and the heat is oppressive. Thousands of students have been protesting for weeks, demanding freedoms that the authorities are not prepared to countenance. Officials have warned them to go home, and they have paid no attention. Among the working population, going about its business, irritation combines with sympathy. Everybody is nervous about how this is going to end, but few expect an outcome as brutal as the massacre of hundreds and maybe thousands of citizens. Today, 30 years on, nobody knows how many were killed in and around Tiananmen Square, in that bloody culmination of student protests in Beijing on June 4th 1989. The Chinese regime’s blackout of information about that darkest of days is tacit admission of how momentous an event it was. But everybody knows that…

3 мин.
dangerous miscalculations

SINCE THE trade war began in 2018 the damage done to the global economy has been surprisingly slight. America has grown healthily and the rest of the world has muddled along. But this week the picture darkened as the confrontation between America and China escalated, with more tariffs threatened and a bitter row erupting over China’s exchange rate. Investors fear the dispute will trigger a recession, and there are ominous signs in the markets—share prices fell and government-bond yields sank to near-record lows. To avoid a downturn, both sides need to compromise. But for that to happen President Donald Trump and his advisers must rethink their strategy. If the realisation has not dawned yet, it soon should: America cannot have a cheap currency, a trade conflict and a thriving economy. The…

4 мин.
it’s the guns

THE TWO mass shootings within 24 hours of each other last weekend, one in El Paso, Texas, the other in Dayton, Ohio, were horrifying. Yet at the same time they were not surprising—at least in a purely statistical sense. So far this year America has averaged one shooting in which four or more people are killed or injured every single day. The death toll at the El Paso Walmart was 22. And that awful number made it only the fifth-deadliest shooting this decade. The ten people killed in Dayton put the murder spree there down at number 11 on the same list. When police officers are trying to solve a murder they look at motive and opportunity. That framework is useful for thinking about mass murders, too. The shooter in Dayton…

4 мин.
modi’s bad move

WHEN THE princely state of Jammu & Kashmir joined the fledgling Indian union in October 1947, it had little choice in the matter. Pakistan-backed tribesmen had invaded; only Indian troops could repel them. The consolation was that Kashmir was promised a lot of autonomy. That came to include trappings of statehood—a separate constitution and flag—and more substantial differences, such as a ban on outsiders buying property. On August 5th the government of Narendra Modi, India’s prime minister, tore up this compact. That has electrified his Hindu-nationalist supporters, who want Kashmir, India’s only Muslim-majority state, brought to heel. But it is likely to unleash forces that do just the opposite. Mr Modi’s plan is far-reaching. Jammu & Kashmir, already split into two in 1947 when Pakistan grabbed one-third of it, has been divided…

3 мин.
the elephant in the room

NEARLY 6,000 species of animals and about 30,000 species of plants are listed in the various appendices of the Convention on International Trade in Endangered Species (CITES) to protect them against over-exploitation. But as CITES convenes its three-yearly decision-making conference in Geneva this month, one animal, as so often in the past, will attract much of the attention: the African elephant. The elephant is in many ways CITES’s mascot. It was rescued in 1989 from what seemed inevitable extinction after half the population had been wiped out by poaching in just a decade. That year elephants were included in CITES’s Appendix I, under which virtually all international trade in their products is banned. The slaughter slowed. This month’s meeting will consider competing proposals about how absolute the ban should be, since…