State of profusion: governments just keep growing

State of profusion: governments just keep growing

Some factors that drive relentless growth in state spending are eternal; some are getting stronger. Our correspondent outlines a big-government future. We examine how MacKenzie Scott, an accidental billionaire, is revolutionising big-money philanthropy. And Moroccan hoteliers rail against a law that forbids beds for the unwed.

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Getting more interesting: the Fed raises rates

Getting more interesting: the Fed raises rates

America’s central bank has raised interest rates by three-quarters of a percentage point—its fourth rise this year. It is walking a fine line between cooling the economy and tipping the country into r...

28 Juli 202224min

Kicking the canister down the road: EU energy policy

Kicking the canister down the road: EU energy policy

Russia cut the gas flowing through the Nord Stream 1 pipeline by half in what many see as retaliation for Europe’s support of Ukraine. EU energy ministers fear further cuts as winter approaches. A new...

27 Juli 202219min

Two to make a quarrel: the battle to be Britain’s PM

Two to make a quarrel: the battle to be Britain’s PM

The campaigning is a bit nasty, by British standards, as Liz Truss and Rishi Sunak vie to become Conservative Party leader and thus prime minister. What will the mud-slinging do for the party’s image?...

26 Juli 202222min

With the grain, assault: Ukraine’s iffy deal

With the grain, assault: Ukraine’s iffy deal

Missile strikes on the port of Odessa have dimmed hopes for a UN-brokered deal to get Ukraine’s grain on the move. We ask what chances it may still have. Tunisia's constitutional referendum looks dest...

25 Juli 202225min

Duty unbound: the January 6th hearings

Duty unbound: the January 6th hearings

Last night, the committee investigating the events of January 6th 2021 said that Donald Trump’s failure to stop his supporters’ attack was a “dereliction of duty”. The evidence was strong; whether it ...

22 Juli 202226min

Knock-down, Draghi-out fight: Italy in turmoil

Knock-down, Draghi-out fight: Italy in turmoil

For the second time in a week, Prime Minister Mario Draghi has tendered his resignation as his motley coalition government splintered further. The upheaval could not come at a worse time for the count...

21 Juli 202222min

Variable-fate mortgage: China’s protests

Variable-fate mortgage: China’s protests

Property developers are going belly-up, home-buyers are not paying mortgages, protests after a banking scandal have been quashed. We ask about the instability still to come. Ukraine’s new HIMARS rocke...

20 Juli 202223min

To a greater degree: widespread heatwaves

To a greater degree: widespread heatwaves

Vast stretches of the temperate world are baking or burning, and as climate change marches on widespread heatwaves will only grow more intense and more common. After a half-century of insurgency, some...

19 Juli 202224min

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