Briefing

Tail risks
A surge in inflation looks unlikely

But it is still worth keeping an eye on

India’s diminishing democracy
Narendra Modi threatens to turn India into a one-party state

An increasingly dominant prime minister and the ongoing erosion of checks and balances

A grand bargain
Democracies must team up to take on China in the technosphere

A robust alternative is needed to China’s autocratic approach

The technology of hope
An effective covid-19 vaccine is a turning point in the pandemic

It is a breakthrough for the history books. But a lot still needs to be done

Diminishing value
Value investing is struggling to remain relevant

The main reason is the inexorable rise of hard-to-analyse intangible assets

The Trump audit part I: domestic
President Trump has had real achievements and a baleful effect

Three judges, a tax cut, an ever-more-divided nation and an undrained swamp

Big tech and free speech
Social media’s struggle with self-censorship

Tech giants are removing more content, but are they making the right choices?

Battle royal
Thailand’s king seeks to bring back absolute monarchy

Maha Vajiralongkorn has provoked something new in Thailand: open criticism of a king