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Post: The Economist
Subscription Centre,
Tanjong Pagar Post Office
PO Box 671
Singapore 910817SkiingGlobal warming and
ageing populationspose a
double threat to winter sports.
The industry’s response is
making it all worse, page 50American giantsGM takes an
unexpected lead in the race to
develop autonomous vehicles,
page 53. If they are to save the
firm, GE’s bosses and board
need better information:
Schumpeter, page 58Investment banksThe battle
between Morgan Stanley and
Goldman Sachs is a parable of
post-crisis finance: leader,
page 11. Morgan’s recovery is a
huge achievement with, so far,
modest results, page 59.
Volatility has been low, and
that encourages risk-taking:
Buttonwood, page 60. Blame
recurring financial crises on
the political temptations of
deregulation: Free exchange,
page 64Gene mappingAn ambitious
effort to map, store and
disseminate genetic
information about much of life
on Earth gets under way,
page 66International
50 Winter sports
Skiing goes downhillBusiness
53 The car industry
General Uber-Motors
54 Qualcomm’s woes
A fine habit
55 WhatsApp
Zuckerberg’s other
headache
55 Luxury goods
Online, upmarket
56 The avocado market
Lack of guac
57 Arbitration agreements
Kept out of the courthouse
58 Schumpeter
GE’s accountsFinance and economics
59 Morgan Stanley
Tediously does it
60 Buttonwood
Volatility’s eerie absence
61 Microfinance
Bucks after the bang
61 European lending
Avoiding the banks
62 Nigeria’s economy
Central-banker shortage
63 Poverty and migration
Bangladeshi experiment
63 Hyperinflation
Bolívar blues
64 Free exchange
Regulating financeScience and technology
66 Genomics
Sequencing the world
67 Ethnomusicology
Beyond Babel
68 Medicine
Liver in a box
69 Supersonic flight
Boom boxedBooks and arts
70 Political thought
Why liberalism failed
71 Democracy in America
The Trump train
72 Profane language
Swearing is good for you
73 The second world war
A lost memoir, now found
73 John Ashbery
Wordsmith76 Economic and financial
indicators
Statistics on 42 economies,
plus a closer look at the
world’s richest football
clubsObituary
78 Paul Bocuse
The maker of chefsРЕЛИЗ
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