UK Only Article:  standard article Issue:  Dominant and dangerous Fly Title:  Artificial intelligence Rubric:  Computers will get smarter, but with humans in charge Main image:  20151003_BKD001_0.jpg Machines of Loving Grace: The Quest for Common Ground Between Humans and Robots. By John Markoff. Ecco; 400 pages; $26.99. The Master Algorithm: How the Quest for the Ultimate

Free exchange: Taking a pounding

Thursday, 01 October 2015 by

UK Only Article:  standard article Issue:  Dominant and dangerous Fly Title:  Free exchange Rubric:  What America can learn from sterling’s decline as a reserve currency WHEN did Britain cease to be the world’s pre-eminent power? Some date its dotage to the end of the first world war; others to the second. By the time of

Zimbabwe: Backs to the wall

Thursday, 01 October 2015 by

UK Only Article:  standard article Issue:  Dominant and dangerous Fly Title:  Zimbabwe Rubric:  Drought and a weak rand may do more than a decade of sanctions to spur change Main image:  20151003_MAP001_0.jpg BEER-DRINKERS should have been clinking glasses in celebration when, at the start of the year, Zimbabwe’s biggest brewer slashed the price of lager

THE term "currency wars" has sparked a vigorous debate within the economics commentariat. The term was coined by Brazil's then finance minister, Guido Mantega, in 2010 when the real was moving sharply higher, a nice irony given the real's recent falls to record lows. Some saw it as a negative development, talking of beggar-thy-neighbour devaluations

Railways: Gravy trains

Tuesday, 29 September 2015 by

UK Only Article:  standard article Fly Title:  Railways Rubric:  Why Labour’s plans to renationalise the railways are so popular Main image:  20151003_brp501.jpg FEW topics get Britons as hot under the collar as the state of the country’s railways. When trains are delayed—at the slightest hint of snow, or when leaves fall on the track—passengers fire

Britain’s chancellor of the exchequer talks China, globalisation, the EU and his country's place in the world with our Bagehot columnist THIS week my column covers George Osborne’s trip to China and his attempts to make Britain the country's “best partner in the West”. Relations between the two have recovered since David Cameron’s 2012 meeting

Britain’s chancellor of the exchequer talks China, globalisation, the EU and his country's place in the world with our Bagehot columnist THIS week my column covers George Osborne’s trip to China and his attempts to make Britain the country's “best partner in the West”. Relations between the two have recovered since David Cameron’s 2012 meeting

Unemployment rates

Wednesday, 23 September 2015 by

UK Only Article:  standard article Issue:  Dirty secrets Main image:  20150926_inc859.png On average, unemployment rates among foreign-born people in the OECD are higher than those among the native-born population. Sectors such as construction and services, which offer lots of job opportunities to migrants, were hit hard in countries like Greece and Spain. But many places are

Daily chart: Saving the children

Tuesday, 22 September 2015 by

WORLD leaders are currently gathered in New York for the annual meeting of the United Nation's General Assembly. One of the foremost items on the agenda will be the Sustainable Development Goals (SDGs), the successors to the Millennium Development Goals (MDGs), a set of global targets ending in 2015. One of the main MDGs was

Schumpeter: Death and transfiguration

Thursday, 17 September 2015 by

UK Only Article:  standard article Issue:  Backwards, comrades! Fly Title:  Schumpeter Rubric:  The golden age of the Western corporation may be coming to an end Main image:  20150919_WBD000_0.jpg EDWARD GIBBON, the great English historian, begins his “Decline and Fall” with a glowing portrait of the Roman Empire in the age of Augustus. The Empire “comprehended

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