The Economist - 02 22 2020 PDF
Preview The Economist - 02 22 2020
FEBRUARY 22ND–28TH 2020 How to prepare for a pandemic Shoot-to-kill in the Philippines Why the Bundesbank should relax Progress in the search for ET Big tech’s $2trn bull run (855) 886-4824 | firstrepublic.com | New York Stock Exchange symbol: FRC MEMbER FDIC aND Equal HouSINg lENDER “First Republic cares about us like family — we truly value the relationship.” Christopher Williams, Chairman and CEO, The Williams Capital Group JaniCe savin Williams, Co-Founder and Senior Principal, The Williams Capital Group The Economist February 22nd 2020 3 Contents continues overleaf 1 Contents The world this week 7 A summary of political and business news Leaders 11 Big tech A $2trn bull run 12 Student debt Getting the maths right 12 The Bundesbank and the ECB Couples therapy 14 Britain’s legal system Johnson v the judges 16 Climate philanthropy The great Bezos giveaway Letters 22 On Clayton Christensen, Bernie Sanders, puberty blockers, private equity, police, China, sad songs Briefing 24 The Philippines The unacceptable face of democracy Special report: The data economy Mirror worlds After page 44 United States 27 Twilight of the moderates 28 Bloomberg enters the fray 29 Trump’s approval ratings 29 How to fight anti-vaxxers 30 Bankrupt Boy Scouts 32 The case of the kidney 32 Gentrification in Washington, DC 34 Lexington The other war on migrants The Americas 35 Uruguay’s next president 36 Pipeline protests in Canada Asia 37 Japan’s wilting economy 38 The end of an Aussie icon 39 Marriage in Pakistan 39 A disputed election in Afghanistan 40 Banyan Mandarin v dialects in Singapore China 41 The war against the virus 42 Twittering diplomats 44 Chaguan Workers, stuck in their villages Middle East & Africa 45 America’s Africa policy 46 Who votes in Africa 47 Delivering letters in Congo 47 South Sudan’s conflict 48 Jews in Egypt 50 Arab states and the IMF Charlemagne Poland is repeating the mistakes of other European countries, page 55 On the cover Investors think the techlash is over. That judgment is premature: leader, page 11. A deluge of data is giving rise to a new economy. How will it work? See our special report, after page 44. When economies change, so does the way they endure recessions. How will the next one look? Page 61 • How to prepare for a pandemic Experts predict that covid-19 will spread more widely; the world is getting ready, page 59 • Shoot-to-kill in the Philippines President Rodrigo Duterte’s bloody war on drugs has done nothing to dent his popularity. But does he have anything else to offer? Briefing, page 24 • Why the Bundesbank should relax Germany’s central bank once reigned over Europe. Now it finds itself caught between doveish ECB policies and a public that is mistrustful of them, page 69. Why the Bundesbank and the ECB should make up before the next recession hits: leader, page 12 • Progress in the search for ET The premier meeting of America’s scientists featured the rhizosphere, human emotions, mapping body cells and the search for extraterrestrial intelligence, page 75 © 2020 The Economist Newspaper Limited. All rights reserved. Neither this publication nor any part of it may be reproduced, stored in a retrieval system, or transmitted in any form or by any means, electronic, mechanical, photocopying, recording or otherwise, without the prior permission of The Economist Newspaper Limited. The Economist (ISSN 0013-0613) is published every week, except for a year-end double issue, by The Economist Newspaper Limited, 750 3rd Avenue, 5th Floor, New York, N Y 10017. The Economist is a registered trademark of The Economist Newspaper Limited. Periodicals postage paid at New York, NY and additional mailing offices. Postmaster: Send address changes to The Economist, P.O. Box 46978, St. Louis , MO. 63146-6978, USA. Canada Post publications mail (Canadian distribution) sales agreement no. 40012331. Return undeliverable Canadian addresses to The Economist, PO Box 7258 STN A, Toronto, ON M5W 1X9. GST R123236267. Printed by Quad/Graphics, Saratoga Springs, NY 12866 4 Contents The Economist February 22nd 2020 PEFC certified This copy of The Economist is printed on paper sourced from sustainably managed forests certified to PEFC www.pefc.org PEFC/29-31-58 Please Subscription service For our full range of subscription offers, including digital only or print and digital combined, visit: Economist.com/offers You can also subscribe by mail, telephone or email: North America The Economist Subscription Center, P.O. Box 46978, St. Louis, MO 63146-6978 Telephone: +1 800 456 6086 Email:
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