经济学人.2013-8-17

ASPROMISED.THEALL-ELECTRICBMWi3.BMWiSheerDrivingPleasureTheall-electricBMWi3ismorethanjustanewautomobile–itfulfilsapromise:therein-ventionofurbanmobility.WithincomparabledrivingpleasureatzeroemissionsthankstoBMWeDrive.Arevolutionarydesignfeaturingsuper-lightandsuper-strongcarbonfibreforminimumweightandmaximumrange.Connectedintelligentlywithitsenvironmenttoensureyoualwaysreachyourdestinationwitheaseandcomfort.Andatthesametime,moreconsciouslysustainablethananyautomobilebefore.Toregisterforatestdrive,gotobmw-i.com/testdriveBMWi.BORNELECTRIC.bmw-i.com0gCO2/km*125kW(170hp)BMWi3*Zero-carbonoperationencompassingeverythingfrompowergenerationtouseontheroadrequiresenergysourcedentirelyfromrenewableresources.Designedtomeetthedemandforlifelonglearning,TheGreatCoursesisahighlypopularseriesofaudioandvideolecturesledbytopprofessorsandexperts.Eachofourmorethan400coursesisanintellectuallyengagingexperiencethatwillchangehowyouthinkabouttheworld.Since1990,over10millioncourseshavebeensold. +$10Shipping,Processing,andLifetimeSatisfactionGuaranteePriorityCode:77148UnderstandingInvestmentsTaughtbyProfessorConnelFullenkampdukeuniversitylecturetitles1.HowtoStopWorryingandStartInvesting2.HowInvestorsMakeMoney3.StartingwithStocks4.TheBasicsofBonds5.IntroductiontoMutualFunds6.WhatAreExchange-TradedFunds?7.FinancialStatementAnalysis8.P/ERatiosandtheMethodofComparables9.Fundamentals-BasedAnalysisofStocks10.StartupCompaniesandIPOs11.WhyShouldYouCareaboutDividends?12.UsingLeverage13.ChoosingBonds14.BondSchool15.PickingMutualFunds16.InvestinginForeignAssets17.OptionsAreforEveryone18.RealEstateandCommodities19.CyclesandMarketTiming20.DecidingWhentoSell21.Risk,Return,andDiversification22.TimeValueofMoney23.FinancialPlanning24.TakingChargeofYourInvestmentsUnderstandingInvestmentsCourseno.5724|24lectures(30minutes/lecture)TaketheGuessworkOutofInvestingWhatareyourmostimportantfinancialgoals?Sendingyourkidstocollege?Buyinganewhome?Retiringearly?It’syourfinancialresourcesthatarethedeterminingfactorinhowyou’reabletoanswertheseandahostofotherquestions.Andfewthingsareasimportantindeterminingjustwhatthosefinancialresourcesareasyourunderstandingofwhereandhowtoinvest.Now,inUnderstandingInvestments,taughtbyDukeUniversityProfessorConnelFullenkamp,youcangetaclearexplanationofthevariouskindsoffinancialmarkets,thedifferentkindsofinvestmentsavailabletoyou,andtheprosandconsofeach—andintheprocess,becomeamoreconfidentinvestor.Oferexpires09/02/131-800-832-2412:Thiscourseisnotintendedtoprovidefinancialorinvestmentadvice.Allinvestmentsinvolverisk:Pastperfor-mancedoesnotguaranteefuturesuccess.Youacknowledgethatanyrelianceonanyinformationfromthematerialscon-tainedinthiscourseshallbeatyourownrisk.LIMITEDTIMEOFFER70%offORDERBYSEPTEMBER28TheworldthisweekLeaders11Egypt’sbloodbathThebattleforEgypt12IndiaandPakistanHoldtheline12America’scrowdedprisonsOnenation,behindbars13EconomicgrowthAricketyrebound14OnlinemediaPenniesstreamfromheavenLetters15OninfrastructureinRussia,whistleblowers,Egypt,Detroit,theroyalbabyBrieng19Egypt’scrisisStormbeforethestorm20ScenesfromprovinciallifeNofearofdeathUnitedStates23PrisonreformAnunlikelyallianceofleftandright24PrisonpoliticsTheCalifornianway26NationalparksWhygooutsidewhenyouhaveaniPhone?28SurveillanceObama’spromises28Newark’smayorWhenCory’sgone30HobocultureDon’ttrampleontramps30TransgenderpupilsPlayingfortheotherteam31BoomerangkidsHowtomovethemout31ChinatownbusesDrivenoutofbusiness32LexingtonSmartALECTheAmericas33EnergyreforminMexicoGivingitbothbarrels34AMexicandruglordfreedGhostsofthepast34ArgentinaBaddressrehearsalAsia35IndiaandPakistanBorderdisorder36IndianmilitarypowerAllatsea36Myanmar’spressSetitfree37AfterCambodia’selectionStand-o
37CrimeinMalaysiaDrive-byshootingChina38TheeconomyAbubbleinpessimism40BanyanTheconstitutionalismdebateMiddleEastandAfrica41PalestinianprisonersWhytheycount42Israel’snewtownsLookingsouth42Tra
ckinginnorthAfricaBoomboom43DrugaddictioninIranTheotherreligion43Mali’snewpresidentWhatnext?Europe44EastEuropeandefencePolandexesitsmuscles45GermanchildcareFightingovertheKinder45MontenegroLeaderofthepack46SpainandETAAlwaysaround47SwedishpoliticsReinfeldtredux47IslaminDenmarkOfmosquesandmeatDailyanalysisandopinionfromour21blogs,plusaudioandvideocontent,debatesandadailychartEconomist.com/blogsE-mail:newslettersandmobileeditionEconomist.com/emailPrintedition:availableonlineby7pmLondontimeeachThursdayEconomist.com/printAudioedition:availableonlinetodownloadeachFridayEconomist.com/audioeditionTheEconomistonlineVolume408Number8849FirstpublishedinSeptember1843totakepartinaseverecontestbetweenintelligence,whichpressesforward,andanunworthy,timidignoranceobstructingourprogress.EditorialocesinLondonandalso:Atlanta,Beijing,Berlin,Brussels,Cairo,Chicago,HongKong,Johannesburg,LosAngeles,MexicoCity,Moscow,NewDelhi,NewYork,Paris,SanFrancisco,SãoPaulo,Singapore,Tokyo,WashingtonDCContentscontinuesoverleafContentsOnthecoverBloodyconfrontationonthestreetsofCairorisksdividingEgyptmoredeeplythanever:lead