The Economist August 30 2008

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The Economist August 30 2008 Skip Search Log in: e-mail Password Quick Economist.com Requires subscription Remember me Register Friday August 29th 2008 Site feedback Home This week's print edition Print Edition August 30th 2008 Daily news analysis Previous print editions Subscribe Opinion Bring back the real All opinion McCain Aug 23rd 2008 Subscribe to the print edition Leaders The Republican candidate is Aug 16th 2008 Or buy a Web subscription for Letters to the Editor fighting hard, but he needs to Aug 9th 2008 full access online Aug 2nd 2008 Blogs do more to separate himself Jul 26th 2008 RSS feeds Columns from George Bush: leader Receive this page by RSS feed KAL's cartoons More print editions and Correspondent's diary covers » Economist debates World politics The world this week All world politics Politics this week Politics this week International Business this week United States KAL's cartoon The Americas Business Asia Middle East and Africa Leaders Pharmaceuticals Europe Convergence or conflict? Britain The presidential race Bring back the real McCain Business in South Korea Special reports Steely logic Business Iraq All business Leave as soon as you sensibly can Business in India Business this week Nano wars Management Russia and Georgia Solar power Business education South Ossetia is not Kosovo Silicon rally Finance and economics America’s nuclear deal with India All finance and economics Time to decide Food regulation in America Economics focus Menu items Economics A-Z Fannie Mae and Freddie Mac Fire the bazooka Technology, business and the law Markets and data The big data dump All markets and data Daily chart Letters Law firms Weekly indicators Killable hour World markets On Russia and Georgia, risk managers, English Face value Currencies spelling Rankings The sage of Quiznos Big Mac index Briefing Science and technology Briefing All science and technology John McCain No surrender Private equity and banks Technology Quarterly Loan rangers Technology Monitor United States Books and arts Finance & Economics All books and arts Style guide The Democratic convention Flags, cheers, discipline and doubt American banks People When sorrows come People The campaign trail Obituaries Conventional wisdom Buttonwood A Nightmare on Wall Street Diversions After Katrina (1) Audio and video Half-empty streets The European Central Bank Audio and video library Closing the dustbin lid Audio edition After Katrina (2) The trailers that smelt bad Australian finance Research tools Taking its toll All research tools Swing states: Missouri Articles by subject Show me a showdown Poverty Backgrounders The bottom 1.4 billion Economics A-Z Lexington Special reports Joebama Economics focus Style guide Capital ideas Country briefings The Americas All country briefings Science & Technology China Brazil India A funny kind of reward Olfactory diagnostics Brazil Smelling bad United States The Amazon Russia Tread softly Magnetism and behaviour Animal attraction Cities guide Colombia Archaeology Print subscriptions Your tape or mine? Subscribe to The Amazon Garden City Economist The Caribbean and the Olympics Renew my subscription Champs and chumps Evolution Manage my subscription Beetle drive Activate full online access Asia Digital delivery Books & Arts Economist.com Malaysia subscriptions Sodomy and the backlash Iraq on film E-mail newsletters Waiting for John Wayne Audio edition Myanmar Mobile edition Suu Kyi skips a meeting A critical American view RSS feeds Lost sheep Screensaver Thailand No compromise British theatre Classifieds and jobs A soap opera from earlier times The Beijing Olympics Opera About the Economist Our revels now are ended Kings and queens and shepherds Group Economist Intelligence Afghanistan Marriage Unit Mournful wake It gets better, or so they say Economist Conferences The World In Pakistan London's National Gallery Intelligent Life Man of the hour Getting away from cultural spinach CFO Central Asia and Russia Roll Call An old sweet song Obituary AdvertismentEuropean Voice EuroFinance Jack Weil Reprints and permissions Middle East & Africa Angola Economic and Financial Indicators Marching towards riches and democracy? Overview Nigeria Master of his commanders Output, prices and jobs Zimbabwe The Economist commodity-price index Unspeakably rude to the old man Buy-to-let yields The Gaza Strip Ceasefire plus blockade Trade, exchange rates, budget balances and interest rates Libya Time for a new generation Markets Exchange rates against the dollar Europe Russia and Georgia Advertisement Put out even more flags Georgia and the Balkans Parallel bars France and Afghanistan To stay or not to stay The Italian public sector Idlers under attack German recreation An affinity for rules? Charlemagne Unity is strength Britain Immigration trends Poles depart Population changes Multiplying and arriving Minority politics Britain’s Obama Weak sterling Vote of no confidence Buying airports Ward of the state Sex education Never too young to learn The next Olympics The morning after Bagehot Is tax back? Articles flagged with this icon are printed only in the British edition of The Economist International Global health The price of being well Holy sites Places apart About sponsorship Politics this week Aug 28th 2008 From The Economist print edition Reuters The Democrats gathered for their convention in Denver, which was dominated by the reluctance of Hillary Clinton supporters to throw their weight behind Barack Obama. Mrs Clinton (and husband Bill) backed Mr Obama unequivocally, and in a dramatic gesture of support the narrow loser of the primary elections moved to suspend the floor count of delegates and confirm Mr Obama’s nomination by acclamation. The candidate himself prepared to deliver his acceptance speech in front of a huge stadium crowd. See article Earlier, Mr Obama picked Joe Biden as his choice for vice-president. Mr Biden has represented Delaware in the Senate since 1973 and is currently chairman of the Foreign Relations Committee. See article The Census Bureau reported that 45.7m people were without health insurance in the United States in 2007. This was down from 47m the previous year, but higher than in 2000, when 38.4m had no health cover. America’s poverty rate stood at 12.5%; Mississippi was the poorest state, with more than a fifth of its residents under the poverty line. See article Law of the jungle Peru’s Congress voted to scrap two decrees that made it easier for outsiders to buy land in the country’s Amazon jungle after a fortnight of protests by Amazonian Indian groups. See article Honduras , traditionally an ally of the United States, joined the Bolivarian Alternative for the Americas, an anti-American pact led by Venezuela’s Hugo Chávez. Its other members are Cuba, Bolivia, Nicaragua and Dominica. In Cuba , Gorki Aguila, a punk-rock musician, was arrested as he was preparing to record an album, reportedly on a charge of “social dangerousness”. His band, Porno Para Ricardo, often writes lyrics that are critical of the communist regime. Divided government Zimbabwe’s opposition Movement for Democratic Change, which has held most seats in Parliament since an election in March, managed to elect its nominee as speaker. This gives the MDC the main say in setting the legislative agenda, at least in principle. President Robert Mugabe still holds executive power, despite negotiations, recently stalled, over sharing power. See article Somali Islamists said they had captured Kismayu, the southernmost port in seemingly ungovernable Somalia . A Sudanese commercial airliner was hijacked after taking off from the Darfuri town of Nyala bound for Khartoum, Sudan’s capital. The hijackers diverted the plane to Libya, where they surrendered after freeing the passengers. Darfur’s main rebel groups denied the Sudanese government’s claims that they were responsible. Moscow calls the shots EPA Russia’s president, Dmitry Medvedev, gave formal recognition to Georgia’s breakaway enclaves of Abkhazia and South Ossetia as independent countries. The Russians were also keeping troops inside Georgia proper. Mr Medvedev insisted that Russia had invaded Georgia only to protect lives and uphold peace. He also said that Russia was not afraid of a new cold war. See article Western countries condemned Russia’s unilateral recognition of the two Georgian enclaves. The European Union called an emergency summit to reconsider its relations with Russia. George Bush demanded that Russia reverse its “irresponsible decision”. See article Eurostat, the EU’s statistical office, released population forecasts suggesting that by 2060 Britain will have the biggest population among current EU members. The EU’s total population is expected to stand at 506m in 2060. See article Bertrand Delanoë, the popular mayor of Paris, confirmed that he would stand for the leadership of France’s Socialist Party in October. He will be a strong challenger to Ségolène Royal, the favourite for the job. Power vacuum The Pakistan Muslim League (N), or PML (N), withdrew its support for Pakistan’s governing coalition. It was protesting at the failure of the coalition leader, the Pakistan People’s Party (PPP), to reinstate all the judges sacked last year by Pervez Musharraf, who recently resigned as president. The PML (N) also objects to the decision of Asif Zardari, the PPP’s leader and widower of Benazir Bhutto, a former prime minister, to stand in the indirect election to choose Mr Musharraf’s successor, to be held on September 6th. See article Following further huge pro-independence protests in Srinagar, capital of Indian-administered Kashmir , the government imposed an indefinite curfew and arrested a number of separatist leaders. At least four people died when the security forces fired on demonstrators trying to break the curfew. At least 11 people died in clashes between Christians and Hindus in India’s eastern state of Orissa . The violence started with the killing of a Hindu leader, blamed by the police not on Christians but on Maoist rebels. The United Nations representative in Afghanistan said the organisation had credible information that 90 civilians, including 60 children, had been killed in an American bombing raid near the western city of Herat on August 21st.
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