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《经济学人》英文版-2011-10-22-.pdf

《经济学人》英文版-2011-10-22-.pdf

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简介:本文档为《《经济学人》英文版-2011-10-22-pdf》,可适用于外语学习领域,主题内容包含TheEconomistTheEconomistTranslationTeam《经济学人》英文版年月日刊免费邮件订阅地址:http:tcdy本刊旨在符等。

TheEconomistTheEconomistTranslationTeam《经济学人》英文版年月日刊免费邮件订阅地址:http:tcdy本刊旨在提供学习交流之用请于下载后小时内删除我们鼓励购买正版!TheworldthisweekPoliticsthisweekBusinessthisweekLeadersCapitalismanditscriticsRageagainstthemachineBusinessinIndiaBuildingIndiaIncArgentina’spresidentialelectionThewidowtakesitallTheeurocrisisTimeforSuperMarioWorldpopulationNowwearesevenbillionChina’seconomyAfraidofabumpBriefingDemographyAtaleofthreeislandsTheEuropeanCentralBankReadyfortheruckBusinessPointlessregulationsIt’sajungleoutthereCorporategovernanceinJapanOlympiandepthsChineseartbuyersThenewMedicisTheeconomicsofGrouponThedismalscooponGrouponDiscoveringmusicaltalentAnew,improvedhitmachineSchumpeterTheartofsellingFinanceEconomicsChina’seconomyHittingthekerbShortingbansEurope’snewdresscodeWallStreetresultsDarknessvisibleButtonwoodSlowfinanceArgentina’sdebtdefaultGauchosandgadfliesEconomicsfocusUnrestinpeaceScienceTechnologyClimatechangeTheheatisonFacialmonitoringThealltellingeyeMalariaNotswattedyetBooksandArtsDengXiaoping’slegacyThegreatstabiliserDeathandmourningTheendofthelineTheManBookerprizeThefineprintForeigninterventionsWhentoholdandwhentofoldThemeaningoffoodEatthisbookNewcinemaThecradlewillrockNewfictionAmagicalmysterytourInternationalProtestsNotquitetogetherMaoistsandWallStreetTheEconomistTheEconomistTranslationTeam《经济学人》英文版年月日刊免费邮件订阅地址:http:tcdy本刊旨在提供学习交流之用请于下载后小时内删除我们鼓励购买正版!Longmarch,longermemoriesCheatinginsportOnedownmanshipUnitedStatesTheparableofDetroitSocheap,there’shopeOthershrinkingcitiesSmallerismorebeautifulCampaignfundsAPACketofmoneyChicago’sbudgetRealitybitesPublicservicesRubbishcompetitionElectoralreformSecondchoiceorsecondclassCleanpowerBacktobasicsLexingtonRevisitingtheHooverDamTheAmericasArgentina’spresidentialelectionFlyingsoloPollutioninBrazilThesilveryTietêAsiaAustralianpoliticsWitheredofOzAfterthetsunamiOldhabitsdiehardCasteinIndiaTouchableAnelectioninKyrgyzstanBridgingthedivideEqualopportunitiesinSouthKoreaGladdertobegayBanyanNotascloseaslipsandteethMiddleEastandAfricaLibya’sliberationThecoloneliscaughtTunisia’selectionTheIslamistconundrumCorruptioninSouthAfricaAcanofwormsJordananditskingCaughtinthemiddleasusualHamasaftertheprisonerexchangeTheIslamistsreaparewardEuropeFrenchpoliticsSauceHollandaiseGermanpoliticsDaylightpiracyPortugalandtheeuroInthemireIrelandandtheeuroPignomoreItaly’sprimeministerDown,butnotoutGaysinTurkeyNotwantedCharlemagneWakeup,eurozoneBritainThefutureoftheBritisharmyOnthedefensiveCambridgegetsanewchancellorChancingitAfterFoxgateMinistersvmandarinsFuelbillsTroubleturninguptheheatEvictionsatDaleFarmThefightmovesonAdvertisingstandardsSkindeeptruthsaboutbeautyAnimalrightsprotestsAbeastlybusinessBagehotRightbutwrongheadedTheEconomistTheEconomistTranslationTeam《经济学人》英文版年月日刊免费邮件订阅地址:http:tcdy本刊旨在提供学习交流之用请于下载后小时内删除我们鼓励购买正版!PoliticsthisweekOctnd|fromtheprinteditionReportsfromLibyaindicatedthatColonelMuammarQaddafihadbeenkilled,asforcesfromthenewrulingauthoritiestookfullcontrolofSirte,thecolonel’shometownwherefightersloyaltotheoldregimeweremakingafinalstandSeearticleGiladShalit,anIsraelisoldierheldformorethanfiveyearsbyHamas,theIslamistPalestiniangroupthatrunsGaza,wasfreedinexchangefor,PalestinianprisonersThefirstbatchofofthemwasreleasedthisweektheremainderareexpectedtobeletoutnextmonthSeearticleMorethanpeoplewerekilledasfreshprotestsbrokeoutintheSyriancityofHomsTheUNsaysover,peoplehavebeenkilledinSyriasincetheunrestbeganinMarchDozensofpeoplewerekilledinYemenduringprotestsagainstPresidentAliAbdullahSaleh,whoreturnedlastmonthfromSaudiArabia,wherehehadfledinJunefortreatmentfollowingabombattackThoughhehaspromisedtostepdown,heshowednosignofactuallydoingsoKenyasenttanksandarmouredcarsintoSomaliatoattacktheShabab,theIslamistmilitiathatcontrolsmostofthesouthernpartofSomaliaexceptforMogadishu,thecapitalTheShabab,whichthreatenedtorespondtotheincursionwithterrorisminKenya,hasrecentlykidnappedseveralforeignersinthecountry,includingaFrenchwoman,whosubsequentlydied,andtwoSpanishmedicalworkersInLiberia’spresidentialelectionEllenJohnsonSirleaf,theincumbent,wonofthevoteShewillfaceWinstonTubman,aformerdiplomat,inarunoffnextmonthBarackObamasaidhewouldsendAmericanmilitaryadvisersandsupportstafftohelpCongolese,CentralAfricanandUgandantroopshuntdownrebelsoftheLord’sResistanceArmy,afanaticalUgandangroupthathaskilledandabductedthousandsofciviliansinaswatheofnorthwesternUgandaandnearbyborderlandsActivistsoftheworlduniteThousandsofanticapitalistprotesterstooktothestreetsinscoresofcitiesaroundtheworldInNewYorkaround,peoplejoinedtheOccupyWallStreetcampinManhattan,andthereweresimilarsizedmarchesinLosAngelesandSanFranciscoInLondonprotesterscampedoutsideStPaul’sCathedralThebiggestdemonstrationstookplaceinMadridandinRomeSeearticleTheObamaadministrationditchedaninsuranceprogrammeforcareassistanceaimedatpeoplewithsevereillnessesordisabilities,whichformedpartofthehealthcarereformactCriticsofthescheme,whoincludeafewDemocrats,TheEconomistTheEconomistTranslationTeam《经济学人》英文版年月日刊免费邮件订阅地址:http:tcdy本刊旨在提供学习交流之用请于下载后小时内删除我们鼓励购买正版!saidtheirearlywarningsthattheprogrammewasnotviablewereignoredBarackObamaandthesurvivingluminariesofAmerica’scivilrightsmovementattendedthededicationofamemorialtoMartinLutherKingwithintheNationalMallareainWashingtonThededicationwaspostponedfromAugustbecauseofHurricaneIreneReluctantwarriorPakistan’sarmychief,AshfaqKayani,wasreportedtohavesaidthatAmericashouldthink“tentimes”beforetakinganyunilateralactionintheborderregionofNorthWaziristanReportssayGeneralKayaniwarnedAmericatofocusonstabilisingAfghanistan,insteadofpushingPakistantoattackmilitantgroupsJuliaGillard,Australia’sprimeminister,wasforcedtodropacontroversialproposaltofunneltheprocessingofpeopleseekingasyluminhercountrythroughMalaysiaItisabigdefeatforMsGillard,whoonlythedaybeforehadscoredasuccessbypushingherequallycontroversialplanforacarbontaxthoughthelowerhouseofParliamentSeearticleChinaagainaccusedtheDalaiLamaofencouragingTibetanstocommitsuicideThelatestclaimcameaftertheexiledTibetanspiritualleaderofferedprayersforeightmonksandanunwhohavesetthemselvesonfiretoprotestagainstChineseruleinTibetanpartsofSichuanprovinceChinasaidtheselfimmolationswere“terrorismindisguise”HollandedaysFrançoisHollande,amildmanneredformerbossoftheFrenchSocialists,wontheparty’spresidentialprimaryvoteHewillnowgoontofaceNicolasSarkozyinnextspring’spresidentialelectionSeearticleKurdishmilitantskilledatleastTurkishsoldiersinanumberofcoordinatedattacksinTurkey’smainlyKurdishsoutheastInresponseTurkishtroopsenterednorthernIraq,huntingfightersfromtherebelKurdistanWorkers’Party(PKK)KurdishviolenceinTurkeyhasintensifiedsinceageneralelectioninJuneOfficialsfromtheEuropeanUnionpostponedameetingwithViktorYanukovych,Ukraine’spresidentYuliaTymoshenko,MrYanukovych’smainrival,wasrecentlyhandedasevenyearprisonsentenceinKiev,whichtheEUsayswaspoliticallymotivatedAfterhintingthatMsTymoshenko’ssentencemightbemodified,MrYanukovychnowsayshewillnotbowtointernationalpressureBeleagueredGreecewashitbyahourgeneralstrike,asitsparliamentpreparedtovoteonafreshroundofspendingcutsandtaxrisesAlthoughbarelyaweekgoesbywithoutsomeformofunrestinGreece,unionssaidthiswasthebiggeststrikesincethefirstGreekbailoutinMayAbigsummitofEuropeanleadersisbeingheldonOctoberrdtodiscusstheeurozonecrisisQuestionsgrewoverSilvioBerlusconi’sabilitytoholdhiscoalitiontogether,afterheonlynarrowlywonavoteofconfidenceinthelowerhouseofItaly’sparliamentSeearticleTheEconomistTheEconomistTranslationTeam《经济学人》英文版年月日刊免费邮件订阅地址:http:tcdy本刊旨在提供学习交流之用请于下载后小时内删除我们鼓励购买正版!LiamFoxresignedasBritain’sdefencesecretaryfollowingascandalinvolvingaconflictofinterestwithaclosefriendSeearticleAcontentiouscontenderVenezuela’sSupremeCourtruledthatLeopoldoLópez,anoppositionpresidentialcandidate,cannotbesworninifhewinstheelectionHeisbannedfromholdingpublicofficebecauseofallegationsofcorruption,whichhaveneverbeenprovenincourtTheInterAmericanCourtofHumanRightshassaidthebanisillegalStudentprotestsinChileturnedviolent,asdemonstratorssetabusonfireandthrewpetrolbombsandpolicerespondedwithteargasandwatercannonTheprotestersaredemandingthatthecentralgovernmentfullytakeovertheeducationsystemfromtheprintedition|TheworldthisweekBusinessthisweekOctnd|fromtheprinteditionAmerica’sbigbanksreportedapoorsetofquarterlyearningsBankofAmerica’sheadlinenetprofitof$billionwasboostedmostlybyaccountingquirksandcashithasreapedfromsellingassets(itisnownolongerAmerica’sbiggestbankbyassets,cedingthattitletoJPMorganChase)CitigroupandWellsFargopostedhealthyrisesinincome,butbothalsorecordedtheirfirstincreasesfortwoyearsinmissedpaymentsonconsumerloansandmortgagesSeearticleThetitanstumblesGoldmanSachsregisteredaquarterlylossforonlythesecondtimesinceitwentpublicinAmidvolatilemarkets,revenueatthebankplungedbycomparedwithlastyear’sthirdquarterMorganStanleymadea$billionprofitCitigroupagreedtopay$mtosettlecivilfraudchargesbroughtbytheSecuritiesandExchangeCommissionthatclaimedthebankmisledpeopleintobuyingmortgagerelatedinvestments,whichitsubsequentlybetagainstCitineitheradmittednordeniedwrongdoingRajRajaratnamwassentencedtoyearsinprisononOctoberthItistheTheEconomistTheEconomistTranslationTeam《经济学人》英文版年月日刊免费邮件订阅地址:http:tcdy本刊旨在提供学习交流之用请于下载后小时内删除我们鼓励购买正版!longestjailtermhandeddownforinsidertrading,andwouldhavebeenlongerexceptforMrRajaratnam’sadvanceddiabetes,whichthejudgetookintoconsiderationSeearticleAmerica’sCommodityFuturesTradingCommissiongaveitsapprovaltorestrictionsonspeculatingincommoditiesThenewrulesextendthecommission’sexistinglimitsonpositionsthatfirmscanholdinagriculturalcontractstoothercommodities,includingoil,goldandsilverLastyear’sDoddFrankfinancialreformsdecreedthatsuchmeasuresbeimplementedtocurbupwardpressureoncommodityprices,whichisreckonedbysometobecausedbyinvestorspeculationSeearticleTheEuropeanCourtofJusticeruledthatmethodstoderivestemcellsfromhumanembryos,andtobeusedfor“purposesofscientificresearch”,cannotbepatented,asetbackforEurope’sbiotechnologyanddrugsindustriesThecasewasbroughtbyGreenpeaceinGermany,whichisopposedto“thecommercialisationofthehumanbody”Therulingappliesonlytointellectualpropertyrights,anddoesnotintroduceanyethicalbanonexperimentsStill,manyscientistspredictedthatthedecisionwillcauseresearchtomigratetoAmericaandAsiaSeearticleJapan’scorporategovernancepracticeswerethrownintothespotlight,afterMichaelWoodfordwasoustedaspresidentofOlympusbythecompany’sboardMrWoodfordsuggeststhathisoffencewastoaskquestionsaboutlargepaymentstoafirmintheCaymanIslandsOlympussaidhewassackedbecauseofaclashofmanagementstylesSeearticleISSacceptedatakeoverbidfromGSWithmorethanmworkers,thecombinedsecurityandfacilitiesservicescompanywillbetheworld’ssecondbiggestprivatesectoremployer,afterWalmartTheshaletrailKinderMorganagreedtobuyElPasoCorporationThe$billiontransactionwillcreateAmerica’sbiggestoperatorofoilandgaspipelineswithassetsinallofthecountry’sshalegasprojectsKinderMorganwillselloffElPaso’sexplorationandproductionbusinesstohelppayforitspurchaseInaseparatedealStatoilsaiditwouldpay$billionforBrighamExploration,whichwillbroadentheNorwegianenergycompany’sbusinessinshaleandotherunconventionalgassourcesBPaccepteda$billionpaymentfromAnadarkoPetroleum,oneofitsminoritypartnersinthewellthatcausedlastyear’soilspillintheGulfofMexico,tosettleanypendingdisputesbetweenthetwooverresponsibilityforthedisasterThesettlement,thebiggestyetfromoneofBP’spartnersinthestrickenDeepwaterHorizonwell,comesafterlastmonth’sfinalreportbyAmericaninvestigators,whichspreadtheblamefortheaccidentamongseveralfirmsChina’sGDPgrewbyarobustyearonyearinthethirdquarter,easingfearsofahardlandingfortheeconomySeearticleLilianeBettencourt,France’srichestwomanwithastakeinL’Oréal,lostathreeyearlegalbattlewithherdaughter,whenacourtfoundthattheyearoldwasnolongermentallyfittorunthefamily’sinheritanceThecosmeticsempirewasfoundedbyEugèneSchueller,MrsBettencourt’sfather,inWherearetheGroupiesTheEconomistTheEconomistTranslationTeam《经济学人》英文版年月日刊免费邮件订阅地址:http:tcdy本刊旨在提供学习交流之用请于下载后小时内删除我们鼓励购买正版!Grouponappearedsettolaunchitsmuchanticipatedinitialpublicoffering,butatafarlowervaluationthanhadbeenexpectedwhenitfiledtogopublicinJuneSincethenanumberofcompetitorshavejumpedintoGroupon’smarket,byalsoofferingsteepproductdiscountsthroughtheuseofsocialnetworkingtoolsSeearticlefromtheprintedition|TheworldthisweekTheEconomistTheEconomistTranslationTeam《经济学人》英文版年月日刊免费邮件订阅地址:http:tcdy本刊旨在提供学习交流之用请于下载后小时内删除我们鼓励购买正版!CapitalismanditscriticsRageagainstthemachinePeoplearerighttobeangryButitisalsorighttobeworriedaboutwherepopulismcouldtakepoliticsOctnd|fromtheprinteditionFROMSeattletoSydney,protestershavetakentothestreetsWhethertheyareinspiredbytheOccupyWallStreetmovementinNewYorkorbytheindignadosinMadrid,theyburnwithdissatisfactionaboutthestateoftheeconomy,abouttheunfairwaythatthepoorarepayingforthesinsofrichbankers,andinsomecasesaboutcapitalismitselfInthepastitwaseasyforWesternpoliticiansandeconomicliberalstodismisssuchoutpouringsoffuryasamisguidedfringeInSeattle,forinstance,thelastbigprotests(againsttheWorldTradeOrganisation,in)lookedmindlessIftheyhadagoal,itwasselfishanattempttoimpoverishtheemergingworldthroughprotectionismThistimetoo,somethingsarefamiliar:theoddbitofviolence,alotofincoherentrantingandplentyofinconsistency(seearticle)TheprotestershavedifferentaimsindifferentcountriesHighertaxesfortherichandaloathingoffinanciersistheclosestthingtoacommondenominator,thoughinAmericapollsshowthatpopularrageagainstgovernmenteclipsesthatagainstWallStreetYeteveniftheprotestsaresmallandmuddled,itisdangeroustodismissthebroaderragethatexistsacrosstheWestTherearelegitimatedeepseatedgrievancesYoungpeopleandnotjustthoseonthestreetsarelikelytofacehighertaxes,lessgenerousbenefitsandlongerworkinglivesthantheirparentsMoreimmediately,housesareexpensive,credithardtogetandjobsscarcenotjustinoldmanufacturingindustriesbutintheritzierservicesthatattractincreasinglydebtladengraduatesInAmericaofthosebelowareoutofworkAcrosstheEuropeanUnion,youthunemploymentaveragesInSpainitisastaggeringOnlyinGermany,theNetherlandsandAustriaistherateinsingledigitsItisnotjusttheyoungwhofeelsqueezedThemiddleagedfacefallingrealwagesanddiminishedpensionrightsAndtheelderlyareseeinginflationeatawaythevalueoftheirsavingsinBritainpricesarerisingbybutbankdepositsyieldlessthanInthemeantime,bankersarebacktohugebonusesHistory,miseryandprotestTothemaninthestreet,allthissmacksofasystemthathasfailedNeitherofTheEconomistTheEconomistTranslationTeam《经济学人》英文版年月日刊免费邮件订阅地址:http:tcdy本刊旨在提供学习交流之用请于下载后小时内删除我们鼓励购买正版!themainWesternmodelshasmuchpoliticalcreditatthemomentEuropeansocialdemocracypromisedvotersbenefitsthatsocietiescannolongeraffordTheAngloSaxonmodelclaimedthatfreemarketswouldcreateprosperitymanyvotersfeelinsteadthattheygotaseriesofdebtfuelledassetbubblesandaneconomythatwasriggedinfavourofafinancialelite,whotookalltheproceedsinthegoodtimesandthenlefteverybodyelsewithnoalternativeotherthantobailthemoutTouseoneoftheprotesters’betterslogans,thehavegainedattheexpenseoftheIfthegrievancesaremorelegitimateandbroaderthanpreviousragesagainstthemachine,thenthedangersarealsogreaterPopulistanger,especiallyifithasnocoherentagenda,cangoanywhereintimesofwantThesprovidedthemostterrifyingexampleAmorerecent(andlessfrightening)casestudyistheteapartyThejustifiedfuryofAmerica’sstrivingmiddleclassesagainstacumbersomestatehasinpracticetranslatedintoaformofobstructivenihilism:nothingtodowithtaxescangetthroughWashington,includingtaxreformWorryingly,politiciansarealreadyinsomethingofafunkTheRepublicansfirstdenouncedtheoccupiersofWallStreet,thencuddleduptothemAcrossEuropesocialdemocraticpartieshavetendedtoloseelectionsiftheymovetoofarfromthecentreground,butleaders,likeEdMilibandinBritainandFrançoisHollandeinFrance(seearticle),stillfindtheantibankerrhetoricenticingWhynotoptforagesturetariffs,asupertaxontherichthatmayonlymakemattersworseAstrugglingBarackObama,whohasalreadyflirtedwithclasswarfareandbusinessbashing,mightwellconsiderdraggingChinaanditscurrencyintothefrayAnditwillgetworse:austerityandprotesthavealwaysgonetogether(seearticle)Tacklethecauses,notthesymptomsBraverpoliticianswouldfocusontwothingsThefirstistacklingthecausesoftheragespeedilyAboveallthatmeansdoingmoretogettheireconomiesmovingagainAcrediblesolutiontotheeurocrisiswouldbeahugestartMoregenerally,focusonpoliciesthatboosteconomicgrowth:tradelessausterit

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