2015-04-25 Economist.pdf

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China’s coddled car industry
Greece: turning a crisis into a drachma
Can Obama get a deal on trade?
How to make teenage drivers safer
APRIL
25TH
– MAY
1ST 2015
Economist.com
Telling the truth about mental illness
Europe’s boat people
A moral and political disgrace
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Contents
7
The world this week
33
11
12
Leaders
Refugees
Europe’s boat people
The United States, Japan
and trade
How to get a deal
Scottish nationalism
Northern exposure
Greece
On the Gredge
Airlines
Flights of hypocrisy
34
The Americas
Rio’s Olympics
On track, so far
Bello
Dilma Rousseff’s dwindling
influence
Informal workers in
Buenos Aires
Of recyclers and rag men
Local elections in Cuba
Fine, as long as we win
Asia
Japan and the United
States
Updating the alliance
Literacy in India
The power of Bollywood
Thai politics
Entrenching the junta
Sri Lanka
Sirisena’s shaky start
Nuclear power in Japan
Legal difficulties
Banyan
Forty years after the
Vietnam war
The Economist
April 25th 2015
3
36
12
13
14
On the cover
The EU’s policy on maritime
refugees has gone disastrously
wrong: leader, page 11. As
long as there is suffering and
poverty beyond its shores,
people will try to get into
Europe. They need not die
doing so, pages 21-24.
Australia’s uncompromising
tactics, page 24
The Economist
online
Daily analysis and opinion to
supplement the print edition, plus
audio and video, and a daily chart
Economist.com
36
37
Letters
16 On prenatal health, prime
ministers, privacy,
Taiwan, America’s civil
war, Robert Schuller
Briefing
21 Europe’s boat people
For those in peril
24 Refugees in Asia
“Stop the boats”
United States
The politics of trade
The secret plot to make the
world richer
Republican presidential
hopefuls
A field guide to 2016
Police culture
Learning from social
workers
Police brutality in
Chicago
Dark days
Iowa and ethanol
A fuel and your money
Disability lawsuits
Hobbling businesses
Property rights
The California raisin grab
Lexington
Not so Wild Wild West
39
39
40
40
41
The Trans-Pacific Partnership
An Asian-Pacific trade deal
looks within reach. How to get
there: leader, page 12. Barack
Obama faces a showdown with
his party over trade, page 25.
The alliance between America
and Japan has worked well.
But it also has negative
effects, page 37
25
E-mail:
newsletters and
mobile edition
Economist.com/email
26
Print edition:
available online by
7pm London time each Thursday
Economist.com/print
China
42 Waste disposal
Rethinking landfill
43 Hong Kong politics
Struggle over political
reform
Middle East and Africa
Xenophobia in South
Africa
Blood at the end of the
rainbow
Technology in Africa
The pioneering continent
Al-Qaeda in the Arabian
Peninsula
Gaining ground
Saudi Arabia and Yemen
A stop-start war
Israeli politics
All together now
The Gaza Strip
As bleak as ever
Mental health
The stigma of
mental illness is fading. But it
will take time for sufferers to
get the treatment they need,
page 56
28
Audio edition:
available online
to download each Friday
Economist.com/audioedition
44
28
29
Volume 415 Number 8935
Published since September 1843
to take part in "a severe contest between
intelligence, which presses forward, and
an unworthy, timid ignorance obstructing
our progress."
Editorial offices in London and also:
Atlanta, Beijing, Berlin, Brussels, Cairo,
Chicago, Hong Kong, Johannesburg, Lima,
Los Angeles, Mexico City, Moscow, New Delhi,
New York, Paris, San Francisco, São Paulo,
Singapore, Tokyo, Washington DC
45
46
30
30
32
46
47
47
Britain’s election
The prime
minister is in the fight of his
life. Time to put his shoulder
to the wheel, page 53. Why the
economic recovery isn’t
producing votes for the Tories:
Bagehot, page 55. The Scottish
nationalists are poised to
triumph in Britain’s election.
That spells trouble for the
union: leader, page 12. Britain
and Europe: Charlemagne,
page 52
1
Contents continues overleaf
4
Contents
68 Japan’s stockmarket
Winged Nikkei
69 The flash crash
The Hounslow connection
69 Active v passive investing
Hyped active
70 Free exchange
Scrip tease
Science and technology
The process of invention
Now and then
Road safety
Driven from distraction
Space debris
Char wars
Planetary science
Killing the MESSENGER
Biotechnology and fish
farming
Gas guzzlers
Dinosaur sexes
Identity plates
Books and arts
Asia’s environment
Business and the green
revolution
The Wright brothers
Heavens above
The joy of flying
Skyfaring
Treasure hunting in China
To have and to hold
Bela Bartok
Sonata in two movements
The new Whitney
Should have been gutsier
The Economist
April 25th 2015
48
49
50
50
Greece and the euro
A Greek
exit from the euro may soon
become inevitable: leader,
page 13. How the smart money
is approaching the latest
drama, page 65. Greece could
alleviate its shortage of cash
by issuing IOUs, but only for a
time: Free exchange, page 70.
The immovable Yanis
Varoufakis, page 51. Wolfgang
Schäuble is Germany’s
eminence grise and hard man
on Greece, page 50
51
52
Europe
France and labour reforms
François Hollande’s Rhine
journey
Labour reforms in Europe
Doing better slowly
Finland’s election
The Finns’ moment
Germany’s finance
minister
Firm elder statesman
Greece’s finance minister
Absent professor
Charlemagne
Britain and Europe
73
74
75
75
76
Road safety
How to save
phone-using motorists from
themselves, page 74
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Britain
53 David Cameron
A lucky leader in an
unlucky time
54 Ulster Unionism
Another false dawn
55 Bagehot
The view from Grimsby
International
56 Mental health
Out of the shadows
Business
Gazprom and the EU
Margrethe and the bear
Gulf and Turkish airlines
Super-connecting the
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China’s motor industry
The coming crash
Net neutrality in India
Not quite what we said
Petrobras
The results are in
Schumpeter
Twilight of the
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Hellenic bruises
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Volcker’s plan
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59
60
Open skies
The airline
business is riddled with
protectionism. The answer is
open skies: leader, page 14.
The advance of Gulf and Turkish
airlines is set to continue, at
the expense of older carriers,
page 60. A meditation on life
above the clouds, page 78
62
63
63
64
84
Economic and financial
indicators
Statistics on 42
economies, plus a closer
look at exchange rates
Obituary
86 Richie Benaud
The voice of cricket
65
66
67
68
China’s car industry
Rising
overcapacity means it is
heading for a crash, page 62
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