US politics

  • Bahrain’s royal family has built up vast private wealth, including a $900m portfolio of UK real estate, after embarking on development projects on disputed reclaimed land in the Gulf kingdom, an FT investigation reveals
  • The prospect of Greece’s self-styled “radical left” Syriza party coming to power has sown panic among investors, but its leader has softened his rhetoric and is changing tactics to reassure the business community
  • Beneath the surface of gridlock and hyper-partisanship in US political life is a national security establishment whose influence endures administrations and constantly seems to evade constraints
  • Narendra Modi has not made many sweeping reforms since he stormed to India’s premiership in May. But he has made some reforms about sweeping – showing his feel for the issues that affect the masses outside the Delhi beltway
  • The extent of the UK’s military and political catastrophe in Afghanistan is hard to overstate. It was doomed to fail before it began, and fail it did, at a terrible cost in lives and money, writes James Meek in the London Review of Books

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  • The Senate intelligence committee on Tuesday released its long-awaited report into the CIA’s use of torture in the aftermath of the 9/11 attacks. Here are five key findings
  • Retail businesses in Russia that built empires selling imported goods and foreign holidays to affluent Russians are now struggling to adjust amid a 40% drop in the rouble and a looming recession
  • The safety of Indian women is in the spotlight once again after a driver of the ride-hailing app Uber raped a 25-year-old in New Delhi, leading to calls for the service to be banned
  • The striking thing about Japan’s election is that nobody is able to articulate a different course to Abenomics, despite Mr Abe’s falling popularity and public opposition to his economic plan
  • Drunken and boorish behavior, cellphones, crying children and reclining seats have all led to episodes of flight rage. But a bag of macadamia nuts? (New York Times)

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By Gideon Rachman
What should western politicians be most worried about: growth, inequality, the environment, education? To judge from today’s discourse, the answer seems to be none of the above. Instead, in the past month, both Barack Obama, US president, and David Cameron, UK prime minister, have made big speeches on immigration. At the weekend Swiss voters rejected a proposal virtually to end the flow of incomers to their country. But anti-immigration parties have made strong gains in a variety of other European nations, including Sweden and Italy, in the past year.

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American elections – even midterm elections – always offer great entertainment: eccentric candidates, whooping crowds, bizarre attack-ads, pontificating pundits, the changing colours on electoral maps. But there is often a sneaking suspicion that the actual results may not have much relevance to real life. The turn-out in Tuesday’s midterm elections looks like it was about 40%. The majority of ordinary Americans may have felt that the 2014 elections were unlikely to change much. It is hard to disagree. Here are four arguments for the irrelevance of the mid-term elections. Read more

The funeral of Benjamin Crowninshield Bradlee at the Washington National Cathedral was part state occasion, part Shakespearean drama. Stirring eulogies, martial strains and trumpets, and a gathering of courtiers high and low, laying to rest one of the great warrior kings of modern newspaper journalism, perhaps the greatest. Read more

US mid-term elections and their longer term repercussions

In next week’s US mid-terms, the Republicans are looking to win back control of the Senate and increase their majority in the House of Representatives, giving them control of the legislative agenda and the ability to further constrain President Barack Obama during his final two years in office. Ben Hall discusses the elections and their and longer term repercussions with Richard McGregor and Ed Luce.

  • Hungary’s introduction of the world’s first internet tax is just the latest in a batch of unorthodox uneconomic policies, dubbed ‘Orbanomics‘, that some say are leading to increased government control over the economy
  • Through their alliances with jihadis and actions that flout the democratic will, Libya’s Islamists are courting disaster for themselves and their country
  • The disappearance of 43 students has brought attention back to Mexico’s security woes and away from its economic reforms, threatening to tarnish President Enrique Peña Nieto’s record of success
  • Quantitative easing in the US has kicked back into gear Wall Street’s securitisation machine – providing a supply of risky assets that bundle together car loans, corporate debt and mortgages
  • The forgotten Yazidi refugees who once captured the world’s attention now sit outside the spotlight, wondering how they will survive the winter, reports Foreign Policy

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By Gideon Rachman
General Sir Philip Chetwode, deputy chief of Britain’s Imperial General Staff, warned in 1919: “The habit of interfering with other people’s business and making what is euphoniously called ‘peace’ is like buggery; once you take to it, you cannot stop.”

President Barack Obama addresses the nation from the White House on September 10 2014

Barack Obama’s outline of plans for a US-led offensive against the Islamic State of Iraq and the Levant, known as Isis, is light on the politics that will be decisive in their defeat. Read more

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By Gideon Rachman
The people who prepare President Barack Obama’s national security briefing must be wondering what to put at the top of the pile. Should it be the Russian assault on Ukraine, or the advance of the Islamic State of Iraq and the Levant (known as Isis) in Iraq and Syria? And what items should go just below that?

The biggest development story of the last two decades has been the vast reduction in the number of the world’s extreme poor thanks to the rapid growth of China and other developing economies. But how does the US, the world’s richest economy, fit in when you apply the $2/day poverty line the World Bank and others normally use to grade much poorer countries?

In a fascinating new paper, researchers at the Brookings Institution look at exactly that question and come up with some potentially shocking findings, albeit ones that come with plenty of caveats attached. Read more

By Gideon Rachman
Back in 1992 I was watching from the balcony of Madison Square Garden as Bill Clinton accepted the Democratic party nomination for the presidency. On stage with him was his wife, Hillary, and their young daughter, Chelsea. The music that blared from the loudspeakers as the Clintons took their bow was Fleetwood Mac singing “Don’t stop thinking about tomorrow”. It was a quintessentially American message – optimistic and forward-looking.

Leaked tapes of expletive-filled conversations involving senior Polish ministers are extremely embarrassing to the government in Warsaw and to some of its leading figures, such as Radoslaw Sikorski, Poland’s foreign minister (above). And that, presumably, is exactly the intention.

Amidst all the uproar, relatively few people seem to be asking who would have the resources and expertise to expertly bug several Warsaw restaurants – over the course of a year – and then the motivation to release the tapes. The obvious answer, based entirely on circumstantial evidence, would be Russia’s intelligence service. Read more