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Articles in this issue: Politics Business KAL’s cartoon Vladimir Putin’s war: Where will he stop? Spending covid-relief money: Wasting a windfall Private markets: The private-equity delusion Democracy in South Africa: Courting trouble Workplace automation: Rise of the robots Letters to the editor: On Canada, bilingual people, Estonia, levelling up, Uganda, Gordon Brown, tech giants The war in Ukraine: A bad beginning Turkey and Russia: Frenemies The French election: Bills to pay Spain: Thunder on the right The Vatican: Holy See-saw HFC Smuggling: Free as air Charlemagne: The free-rider continent International trade: A more flexible approach Climate policy: A new routine Covid-19 rules: The beginning of the end Indeterminate prison sentences: An awful detention The national lottery: Eyes on the prize Clinical trials: Trials and errors Bagehot: A tale of two crises Another institution attacked: Judging judges Jihadists in west Africa: Lines in the sand Names in southern Africa: Here comes Trouble Money-laundering: Cleaning up the laundromat Public transport: A ban on the van Falconry: Beak demand The American Rescue Plan: Take the money and run Kathy Hochul: The unexpected governor Park permits: Firefall and footfall Child brides: Miserable marriages Academic freedom: A pushback against cancel culture Lexington: Reality against Putin Political stability: Why Uruguay? Brazil: The price of high prices Bello: The fall of Juan Orlando Hernández South Korea: K-popular Geography and politics: What’s in a name? Blasphemy in Pakistan: No mercy Diplomacy in South-East Asia: The chastened cowboy Banyan: Fearful symmetry? The crisis in Ukraine: Choosing sides Covid-19: Clinging to zero Chaguan: A horror from another age Private markets: Fired up Strategic priorities: The great convergence The investors: LPs turn the tables Private credit: Sons of Drexel Regulation and reputation: Red teeth, red tape The third age: Barbarians at a crossroads Sources and acknowledgments China Inc and self-reliance: The techno-independence movement Sea Group: Perfect storm Bartleby: Dirty work Private equity and the press: Culture vultures Investor activism: Burger flip-out Volkswagen and Porsche: Reverse gear Schumpeter: Putin’s python Russia invades Ukraine: The economic fallout Chinese-American trade: Artful dodging The IMF’s woes: Lost and fund Gold demand in India: Karat and stick Italian billionaires battle: Ciao, salotto buono Inflation in Turkey: Getting sticky Buttonwood: The sun also rises Free exchange: Second-time lucky The American Association for the Advancement of Science: An endless frontier Neuroscience: From here to humanity Intergenerational memory: The worm’s turn Lithium production: Filter feeders The psychology of justice: First impressions Art and regeneration: The drawing on the wall Nobel-prizewinning fiction: The spirit and the flesh The birth of the undead: Out for the count The Nixon presidency: Watchdog barking Refugees and reportage: His brother’s record-keeper Indicators: Economic data, commodities and markets Fishy covid-19 data: More equal than others P.J. O’Rourke: Lone Humourist Scourge Global news and current affairs from a European perspective. Best downloaded on Friday mornings (GMT)