The Economist - USA (2021-12-18)

The Economist December 18th 2021 7

Contents

Contents continues overleaf

Also in this issue

The world this year

9 A summary of political

and business news

Leaders

13 Legacy of a pandemic

The new normal

14 Britain’s government

Broken promises

14 Russia and Ukraine

Deterring Vladimir Putin

15 America’s investors

All bid up

16 Country of the year

Triumphal honours

Letters

20 On Brexit, satellite

pollution, local taxes,

cheese, Fairphone, art,

Stephen Sondheim, the

Beatles

Holiday specials

Fifty-six pages of

surprising and

absorbing seasonal

features

After page 36

United States

21 America on the move

24 After tornadoes

26 LexingtonThe battle for

Christmas

The Americas

27 Education in Brazil

28 Chile’s presidential

front­runners

Asia

29 Ten years of Kim Jong Un

30 New Caledonia

31 BanyanAsia’s democratic

depression

China

32 A rift with Lithuania

33 Elderly suicides 

Middle East & Africa

34 Libya’s messy election

35 Saffron sellers stew

36 Ethiopia’s civil war

How to deter Vladimir Putin
The West must raise the costs to
the Kremlin of invading Ukraine:
leader, page 14.The
consequences of excluding
Russia from the global payments
system, page 57

Omicron The new variant
advances at an incredible rate.
That means action is urgent,
page 47. The Oxford­
AstraZeneca vaccine has
attracted lots of criticism. It is
still a triumph, page 43

Boris Johnson’s midterm blues
A rebellion in Parliament is just
the start of the prime minister’s
difficulties: leader, page 14.
Britain’s foreign secretary wants
to end the age of introspection:
Bagehot, page 46

Asset prices What doesn’t kill
the bull market only makes it
stranger: leader,page 15. As the
private party reaches fever pitch,
some investors start worrying
about the hangover,page 56

The battle for ChristmasKnock
yourself out, Fox: Americans
have vied over Christmas for 400
years: Lexington,page 26

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Holiday essayThirty

years ago, the deal which

dissolved the Soviet

Union rested on the

untested idea that Russia

and Ukraine could be

neighbours. If Russia had

become a democracy it

might have worked, pages

30-34 of Holiday specials

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