Table Of ContentBattle of the oil giants
The Flat-tax plans for America
Economist The West's decline in the Arab world
Student loans: the next bust?
Europe's reScue plan
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Contents
Onthecover
Theholesin Europe's rescue
Planceader, pages. Nobig
Bazoka, pages 26-21. Why
(emansresorelacant
stump up, page 3a
‘wobing government age
‘6. How onettallan cold
‘doom the ere, and another
‘ouldsavettsCharemagne,
anes
‘he Economist onine
edyerinisandopionton
‘ur tog psa an iso
fection
malt ewer
Eoneniteomfemat
at eon ate onneby
pmtondontne sh huey
Paterna
focomlsdencry
Keonmitam/ seein
9 The word hieweek
eeders
13 coomicerisis
trope’ ese plan
26 The rab word
16 The Tories and Europe
Onorowup
16 Student oans
Thetndetted ones
18 Mind-eading
‘ters
20 OnGustemala, Myanmar,
ccupy Wallstreet, back
29 Theeurodeat
Novigtorooka
ried tater
33 The presidential race
Thecrazeforfattases
24 The Louisiana governor's
Bobby aps the ld
237 san energy in Cabfornia
Dnitsonn sunny path
37 Thenew housing-reiet
ple
28 Good food and bad
Steers
44 Harrisburg Banouptey
461 Protecting forests
Theroad not buldoned
42 Lexington
The Americas
45 Eduction inchite
The aught politics of
46 taation a Brat
46 Carupionin Quebec
Digging deeper
48 The Latiobarémetr pol,
Thedeconentsot
ie
49 Food safety in China
the guter
'50 Unpaid wagesin china
Cant py. wot pay
50 Amayeralracein Seoul
53 Japa’stre-tade
ailemms
Yes enous
'54 Afghanistan's neighbours
anon?
‘54 Rugbyand pies
6 Bayon
intaligent Life
‘selection fom The
Economists str‘
aterpage
ida art and fica
amit in
8 Libya after Onda
ew timetable
59 The Saudi succession
Time forthe young
59 Iragand America
60 Syria's army defectors
60 Kenya invades Somalia
Abigomble
61 South Africa's opposition
Getting blade?
Europe
63 German ptt
64 Tals government
Hands efou pension
(65 Turkey and the Kurds
65 Northern Kosovo
FlattaxAnericasfepubcan
‘Gndidaterareracogtathe
towestpin page 33
TheArbautumnTheWest
powerinthekrab words
{ecining. That snob thing
icaer page's. amiss Wn
‘intnia page s7 The
timetable for tarlarming
Libya poges8.Tetragissay
‘amercantioops sholeallg,
pages Fsuresin Si’
Srmed forces maybe getting
ier pageo
Inteligentife selection
from he conomit ster
tite, withartileson the
‘dominance of Any War,
thebestimeand pace tobe
ave, aphotoesayonmist.
Sroundthewotd and mach
tore fer page
Contents continues overeat
Battle ofthe cilgiants ig
Ottsbigger bathers page
a
From Tony lit: Schumpeter,
pageso
‘students laans Debts
becoming an enduring burden
forstudnt shouldbe
lightened ade page 6. The
rnextig erect buble? PapeB3
artim
67 The Gyo London
Banged about
68 Austerity ry
Same enharted teatime
69 The EU referendum vote
70 Bagehot
referendums
international
71 Religion and economics
172 amctelevangeits
Hotysnoke
173 Gtizen awmaking
Goverment by a) the
poe
73 Coruption
Busines
15 The oilbusiness
Big O's bigger brothers
16 Chevrolet s centenary
Fromoto 100
77 The Olympus scandat
Thee questions
177 Ohina’senvironment
78 Wealth caren America
Inner get ager
78 Branton, Misour
The Bay hres wih Bajos
79 Nokia's new phones
Not owning, bt waving
W's new boss
Stendyasshe sbes
‘20 Schumpeter
hat shut Wal Street
oa
Finance and economics
{8 Student oan in America
‘debt mountain
1 Buttonwood
Afaralané boom
15 Indan surance
Rogue agents
6 Rajat Gupta
Rooter it
186 aapanes investors
rs Matanopportnity
87 Climate bonds
Neal shade of green
88 Economics focus
Fler andjobe
icing
91 Hedge ands in Asa
Thecroosies re coning
Science nd technology
93 Reading the brain
ind goaatig
94 Pollution and evlution
Waters of change
95 The Prize Foundation
Now eount toa hndree
Books and ans
97 Isami galeriesat
theme
Centuries ory
98 SteveJobs
insanely rst
98 Human decision-making
Notsa smarenow
99 The Opium Wars
Becrehwnatyou
wshtor
00 Diana Ahi letters
Dror aware
200 Abookaf fests
ucts ane pioneers
108 Fzonomicandfrancal
fndleatore
Staite on 42
fconomieestackmarkets
td commodities pres,
Pluss cloerlokst trae
Obieary
180 Laura Poin
(ado freedom
bagels itisponpossibleto
{ansomeonesbranand get
‘easonableiden of whats
‘ingroup sing pages
stereo
wtewene te
‘Sepa at,
boxe eg
Subscription service
steers p(s)
9)
a SS
Greece
GREATNESS
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\——]
__—
_—
W
ROLEX
@satanat
INTHE CITY THAT ATTRACTS MILLIONS
GOULD A CAR BE AS MAGNETIC?
RANGE ROVER EVOQUE TAND-)
The world this week
Politics
‘Madesisivesummiton the
‘eurozonecrisis.theleadess
‘St thespcountiesin the cur
‘ency block reached an agree
‘ment that wile private
‘Setorholdersof Greek debt
fakeaso% cutinthe valu of
theirbonds There wasalsoa
‘eal expand thescopeat he
Buropean Financial Sabi
Fray dhe euro zone's bal
‘utfundandtobocsthe
‘aphalbutlersof european
Banks Butthe agreement was
shortondetale
David Cameron needed the
‘Support of his coalition pat
mean the Laboutoppost
tonto defeat arebelion by
Conservative backbenchers,
Ww wanted Plamen ta call
{vote referendumon
‘whether Britain should stayin
‘heuropean Union.
Aneanhquake ithe prov
{nce of Van, inestern turkey
Kiling indeed Although
anfstrejecedallofersaf
Tel, the government even
Allyaccepted aid rom foreign
‘counties asitsoughttorescue
the many people belevedto
Detrappedundersubble
‘TheBasqueteroris group
Fradeclreda-defintve
‘esto violence The
‘gouphas been severely weak
‘edn secent yearby aseles
‘of successful police operations
IngpamandPance
‘The ant immigration Swiss
People's Party unexpectedly
Tostsuppor aan election in
‘Switrertand, hough itl
remain the biggest partyin
Parliament Under the coun
try'scomplexpolicl range:
smensanew cabinet wll nat
‘beformedunti December,
‘Aman witha plan, srt of
ick Perry rigged hiscam
‘aig forthe Republican pres
‘ental nomination by a
‘ouneinga proposal
‘atonal to replaethe
unentsytemofincome
{aes The Democrats immedi
Sly ciledialing tax
‘utforthe wealthy
olin Oakland, Cabornia,
fired ear gas todispersea
<demonstation by antheapl
talistpotester. tn London St
PaulsCathedalshatits doors
{ovistoreforthefistime
‘nce the second world war as
{civistrefinedtomovetheir
ampstefom the cathedats
precins.
Barack Obama confirmed that
allvemaining American aed
forces still numbering around
9,000, would withdraw rom
Iragasplannedby theendof
theyeat Negotiations withthe
Inngstoretan uptos.o00
oopsasadvser and vaines
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rove the men wth immiuni
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‘tthe ballot box
Inaneleston for aconsaent
sembly in Tunis Naha,
‘hemain lariat pay which
‘washonned under the old
egime of Zineck Abdine Ben
‘Alewon atleast ra the
Seaiswithatleastas%of the
‘ote easly bet achutchat
‘more secular pres hela
sto which won ofthe
‘Sats Ledby Rach
‘Ghannouchl Naha says its
‘willing formalin
‘lon withitesecularivas
‘Thenew asembly willap
points governmentand data
Following he cape and
{eathon October oth of
‘Muammar Qadat, Libya's
ew ulerssidafiesh govern
‘en wouldbe appointed
‘wihina month and elections
toaconsituentasrembiy
would beheld wihinelght
‘months.
‘Te death on October 2andof
Grown rinceSutanbin Abel
‘Auth tothe Saud throne
{nda brother to King Abd
Ula raised questions about
the Stud sucesion. The next
Inline tothe thrones ely 0
bePrine Sula’ full broth,
Prinee Nayelte interior
‘miniter wholseonsidereda
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Protestersin Syria's thd iy
ms sfourhy. Hama in
‘ariossthertowne anda
parsof Damascus, the capital,
held agenealsike Suppor
ters Presiden Bashar Asad
taledin his tavourin
Damascus Oficialsof the
country Arab League met
Mrassadtherin aneflor to
‘eqotateanendiotheuntest
that has rocked country
since March
South Afric’ president
‘Taco Zuma sacked wo senior
‘ministers and suspended he
‘het of poli allamid acu
Sstions of oeaption.
‘ucen false surveys
(Cristina Fermnder sshed
berrivalstowina second em
ss Argentina’ presen,
Securing nearly sof the
‘ote Her nearest challeng
Hermes binnet moder
socialist won only a7 Ms
Feminderssupporesre-
fgnned amar inboth
Rowsesof congress.
‘Braxtssportsministerre
signedfolowingeorrupion
Slleatons made against him,
Heisthe ith miniterin
Dima oussells government
to departhisyearamid aims
of gat Baa hosts the World
Cupinso
Andre Holness 239 year-old
former education minster
‘became Jaman’ youngest,
ame minister He waseosen
bythe rlingamaicaLabour
Party orepace Bre Golding,
‘who announced hisresgn.
‘on emonthago.
Doctors tating Hugo Chi
‘er, Venezuela president,
‘Senied a cai made by an
‘ther doctor that he has only
{wa years tolve However,
‘hey id not reveal what kind
‘of cancer Mr Chiverhashad
Bolivia's president E00
Morales scape aroad
roecthrough lowland
Pavional park yleldngto
Drotetsby teindgenous
Inhabitants whom ead
tale derided The Indians
‘Sidtheroad wouldbeaboon
‘coca rowers whose union
‘MrMovstesslheads and
‘expand her plantations
Inundated
uthostesin Thailand gave
people five daysoffworkto.
‘ow residents of Bangkok to
Teavethecaplal ahead!
‘expected flooding. The govern
‘menthadalready imposed
‘tloning oa ood Hunareds
‘of peoplehavebeen killed by
‘the delugeimotherparts of he
‘ountryand thousands of
Taetoes cloned
‘Vietnam confirmed thatthe
Tnsihinccerosin he country
‘waskilled erie this year,
‘most ely by poachers was
thelastof island tohave ved
‘onthe Asan mainland few
‘Sozen remain on ava. Other
‘species lage mammalsin
ienarareimimminent
anger of extinction, because
‘of deforeationandilega!
‘tadein wi animal par
Japanese researchers scouring
the dep seabed around
‘Nazasak uncovered the
‘emainsof «Mongol
‘shipwreck rom heh
‘eur bla than ce
‘wed andfalledtoinvade
Japan: dncovery may shed
Tighton the Mongol military of
thetime
Deutsche Bank reported net
{nome of err (Suillon)
forthethind quarter Akhough
this waster hanexpected,
the Germanbank recorded a
‘sharp fallin evens rom
estment banking.tading
andseeuiles Josef Ader
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xeutiv, ad business ond
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Prosecitrsin New York
‘brought erminal hares
‘eluted lider trading
apins Rajat Gupta. former
head of Mekiney andex
‘drecor of Goldman Sachs. Mr
‘Gapta, who denies any rong
Going isthe most prominent
person yettobe charedina
rackdonn on inside trading
‘The casalleges amongother
the pused sensitive
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hedge und ee who was
sSentencedhis month oss
‘yeasinjllforseeuries fraud,
was an expensive week for
‘Pharmaceutical giants. A
Eenputasdesysomtosetle
‘Tleyations that tboosted
Sales of Aranesp,acdrugio teat
Snsemia,andotermedcines
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lis’ Macarthur Cos Only
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pannerinthe venture had
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‘long-haul ight
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Tistsiooplanes.ammuch high
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India's central bank risedsts
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‘Nokla unveiled the frstsmart
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‘an be ound om pages 108108
