By Luisa Frey
♦ Spaniards may have less faith in European institutions than before, but no eurosceptic parties have risen in the country, writes the FT’s Tobias Buck.
♦ The higher the fire burns in Middle East, the more the US seems intent on turning away, says FT columnist Philip Stephens.
♦ As part of a soviet-inspired urban plan, superblocks are being built in China. The gated compounds in suburbia have residential towers and houses inside them, but force the new urban middle-class to drive back to the city for services.
♦ Rising anti-semitism is bringing fear to Europe. A third of European Jews are considering emigration because they do not feel safe in their home country, according to The New York Times.
♦ Local newspapers called Wednesday’s breakthrough in peace talks aimed at ending Colombias’s half-century-old guerrilla war “historic”. But many Colombians are sceptical, reports the Global Post
♦ Tens of thousands of middle-class Syrians are trying to get to Europe’s wealthy northern states: “Whether they wind up in Nordic comfort or desperate straits on the fringes of Southern Europe is often a matter of luck”. Read more
By Luisa Frey
♦ Will the Palestinian economy ever be able to break its isolation? The past two decades’ rounds of failed peace talks didn’t manage to build an independent Palestinian economy which can break free of Israel – the question is now if a new $4bn plan to revive the economy will be able to change that.
♦ Tests taken from Yasser Arafat’s corpse have shown high levels of radioactive polonium-210, suggesting the former Palestinian leader could have been poisoned. Arafat’s widow describes it as “the crime of the century”.
♦ External pressure is also threatening Georgia. The FT’s Neil Buckley reports about the “borderisation” of South Ossetia.
♦ Greece may be the next Weimar Germany, says Greek professor Aristides Hatzis. The parliament contains neo-Nazis, Stalinists, Maoists, populists and defenders of conspiracy theories. Although there is a strong coalition government, failures in implementing reforms seem to be outweighing successes.
♦ Meanwhile, “power, prestige, and influence of the United States in the broader Middle East is in a death spiral”, writes Bob Dreyfuss. He argues in Le Monde Diplomatique that the disastrous invasions of Afghanistan and Iraq, America’s economic crisis and the Arab Spring contributed to the decay of American influence.
♦ The future of the US-Egyptian relationship is also in focus. Washington’s establishment of relations with former Egyptian President Gamal Abdel al-Nasser “can serve as the most promising template for a stable and productive relationship between the two countries today”, says Robert Springborg in Foreign Affairs.
♦ Peter Baker, from Foreign Policy, writes about how the warm Russian-American relationship became icy. Through interviews and secret notes and memos, he reconstructs the story of former President George W. Bush’s pas de deux with Vladimir Putin, offering lessons for Obama as he struggles to define his own approach to Russia.
Bill de Blasio (Getty)
By Luisa Frey
On Tuesday night 52-year-old Bill de Blasio won the New York mayoral election in one of the largest victories in the Big Apple’s electoral history.
De Blasio beat Joseph Lhota by a 49-point margin (73 per cent to 24 per cent), which is the widest in a mayoral election since Edward Koch won a third term in 1985 by 68 points. De Blasio is also the first Democrat to win in nearly 25 years. Read more
By Jamie Smyth, Ireland correspondent
Ireland has decided to hold a referendum to change its constitution to recognise gay marriage, marking the latest step in the transformation of one of Europe’s most Catholic countries into, arguably, one of its most socially liberal. Just nine European countries (most recently France) recognise gay marriage and opinion polls suggest a majority of Irish people support introducing it.
“The right of gay couples to marry is, quite simply, the civil rights issue of this generation, and, in my opinion, it’s time has come,” Eamon Gilmore, Ireland’s deputy prime minister, said at last years Gay Pride festival in Dublin.
The centre left Labour party has prioritised the issue of gay marriage while the socially conservative Fine Gael party do not want to be rushed on an issue, which could alienate rural supporters. Read more
By Luisa Frey
♦ Foreign investors have the perception that it is getting harder to do business in China. By forcing multinationals to lower prices and improve their offerings, the Chinese government aims to raise the bar for domestic competitors and show citizens how their lives are improving under the new administration.
♦After travelling to China and meeting its leader, Xi Jinping, FT’s columnist Gideon Rachman comments on how the government is confident that China can keep growing more than seven per cent a year, proving the sceptics wrong.
♦The New York Times reports from Sochi, in Russia, which is preparing to host the Winter Olympics in February. For the narrow costal city, the $50 billion Games project has caused irritation as well as pride.
♦ Meanwhile, Egypt’s deposed president Mohamed Morsi’s trial started in Cairo. Foreign Policy’s Bel Trew describes the controversial court session, which ended with the following words from Morsi: “This is not a court. This is a coup.”
♦ In Syria, Islamist rebels use web postings with bloody portraits of dead fighters as a recruiting tool, reports the Washington Post.
♦ A new digital news startup, Vocativ, is capable of eavesdropping social-media conversations all over the world and running an analysis on the results, writes Jeff Bercovici at Forbes. Read more
Spain: a cautious return to growth
Spain is back! Or is it? In this week’s podcast Ben Hall, world news editor, talks to Tobias Buck, Madrid bureau chief about Spain’s nascent recovery – is it gathering momentum? Also joining us is Michael Steen, Frankfurt bureau chief, to put some of the more positive indicators into a European context as inflation data out today shows worrying signs
Where does President François Hollande go from here?
In this edition of World Weekly, Gideon Rachman is joined by Hugh Carnegy, Paris bureau chief and Ben Hall, world news editor and former Paris correspondent, to focus on France, where President François Hollande’s approval ratings have dropped to a sorry 23%. The President’s plummeting popularity comes against the background of a weak economy and controversy over the deportation of a Roma schoolgirl. So where does Hollande go from here, and should we be worried by the momentum building behind the National Front ahead of the municipal and European elections next spring?
The Republican role in the budget battles gripping Washington DC
As the government shutdown drags on into its second week and the US teeters on the brink of defaulting on its debt, Ben Hall, world news editor, is joined by Richard McGregor, Washington bureau chief, and Edward Luce, chief US commentator, to discuss how badly the Republicans have been damaged by the budget battles and whether they should be worried about the political consequences of their uncompromising stance.
PETER PARKS/AFP/Getty Images
Janet Yellen is soon to be the first woman to be the chair of the US Federal Reserve – the most powerful job in the world economy.
The 67-year-old was an academic for many years, and also served as chair of President Bill Clinton’s Council of Economic Advisers and president of the San Francisco Fed. She became vice-chair of the Fed in 2010 and has been the frontrunner for the chairmanship since Larry Summers rescinded his nomination.
A graduate of Brown University and Yale, she is married to the Nobel Prize-winning economist George Akerlof, and has one son.
Her track record of calling events like the housing bubble long before they occur has built her a strong fan base. We look at what’s been written about her and what that says about her likely stance as Fed chair. Read more