Shinzo Abe's sumo-sized winA conservative-nostalgia coalition wins a crushing victory against the party that promised to change the shape of Japanese politics in 2009
OpinionLeadersLetters to the editorBy InvitationCurrent topicsBritish election 2024Israel and HamasWar in UkraineUS elections 2024The World Ahead 2024Climate changeCoronavirusThe world economyThe Economist explainsArtificial intelligenceCurrent topicsBritish election 2024Israel and HamasWar in UkraineUS elections 2024The World Ahead 2024Climate changeCoronavirusThe world economyThe Economist expla
By M.C.K. | WASHINGTON THOSE who criticise central banks for having acted with insufficient vigour generally argue that they have failed to talk a good game. Paul Krugman and Michael Woodford are among the best-known advocates of this view. The underlying theory is that the expectation of faster consumer price inflation causes prices to rise more rapidly as people attempt to offset the anticipated
The argument in the floorEvidence is mounting that moderate minimum wages can do more good than harm MINIMUM-WAGE laws have a long history and enduring political appeal. New Zealand pioneered the first national pay floor in 1894. America’s federal minimum wage dates from 1938. Most countries now have a statutory pay floor—and the ranks are still swelling. Even Germany, one of the few big countries
“YOU can carry your own head in your hand,” enthuses Bre Pettis, inviting customers to try out a three-dimensional photo booth that will scan their head and then print a miniature plastic version of it as a solid object. This is useful, no doubt, for those about to audition for the role of Zaphod Beeblebrox in “The Hitchhiker’s Guide to the Galaxy”. Mr Pettis, the founder of MakerBot, a maker of l
Blunt words and keen swordsWhy China seems to be fanning the flames of its row with Japan in the East China Sea DESPITE a third round of talks this week, China and Japan seem no closer to ending their stand-off over the tiny, uninhabited islands known to China as the Diaoyus and to Japan as the Senkakus. Indeed, the row seems to be intensifying. Chinese spokesmen are lining up to recall Japan’s sh
OpinionLeadersLetters to the editorBy InvitationCurrent topicsUS elections 2024War in UkraineIsrael and HamasThe World Ahead 2024Climate changeCoronavirusThe world economyThe Economist explainsArtificial intelligenceCurrent topicsUS elections 2024War in UkraineIsrael and HamasThe World Ahead 2024Climate changeCoronavirusThe world economyThe Economist explainsArtificial intelligenceWorldThe world t
Page turnersThe best books of 2010 were about Barack Obama and the secret world of China’s communist rulers, as well as on the spread of surfing, how prosperity evolves, how the West rules (for now) and the travels of the hare with amber eyes Politics and current affairs Game Change: Obama and the Clintons, McCain and Palin, and the Race of a Lifetime. By John Heilemann and Mark Halperin. Harper;
THEY were the Macbeths of information technology (IT): a wicked couple who seized power and abused it in bloody and avaricious ways. Or so critics of Microsoft and Intel used to say, citing the two firms' supposed love of monopoly profits and dead rivals. But in recent years, the story has changed. Bill Gates, Microsoft's founder, has retired to give away his billions. The “Wintel” couple (short f
OpinionLeadersLetters to the editorBy InvitationCurrent topicsIsrael and HamasWar in UkraineUS elections 2024The World Ahead 2024Climate changeCoronavirusThe world economyThe Economist explainsArtificial intelligenceCurrent topicsIsrael and HamasWar in UkraineUS elections 2024The World Ahead 2024Climate changeCoronavirusThe world economyThe Economist explainsArtificial intelligenceWorldThe world t
Shock! Horror! The Economist has updated its guide to good writing Our in-house Style Guide has been refreshed but retains its traditional principles “ON ONly TWO scores can The Economist hope to outdo its rivals consistently. One is the quality of its analysis. The other is the quality of its writing.” So began a short document sent to all staff journalists more than 40 years ago. Originally call
In Japan, a shocker: a strategy minister with a strategyIn Japan Yoshito Sengoku is a maverick in the Hatoyama cabinet. Thankfully he is far from the loony fringe By Banyan IT'S tempting fate to point this out, but the loony fringe in Japan's new government, as represented by Shizuka Kamei, the foghorn of a financial-reform minister, has become refreshingly mute lately. The quieter it gets, the mo
Radical thoughts on 19th StreetA higher inflation target for central banks would be a bad idea EVEN in economics, the guardians of orthodoxy are not given to capricious changes of mind. So when economists at the IMF question received wisdom and the fund's established views twice in a week, it is no small matter. Two new papers have done exactly that. The first reversal, on inflation targets, makes
OpinionLeadersLetters to the editorBy InvitationCurrent topicsIsrael and HamasWar in UkraineUS elections 2024The World Ahead 2024Climate changeCoronavirusThe world economyThe Economist explainsArtificial intelligenceCurrent topicsIsrael and HamasWar in UkraineUS elections 2024The World Ahead 2024Climate changeCoronavirusThe world economyThe Economist explainsArtificial intelligenceWorldThe world t
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