The retailers, television stations, brewers and betting houses that make up capitalism’s starting XI are an ageing and injury-prone lot. For some, this could even be their last tournament.
THE ECONOMIST: For most of the past couple of years the best argument that American stocks were not in a bubble was that things simply didn’t feel manic enough.
Donald Trump may have stopped his Iranian misadventure in time to avoid a catastrophe. But some of the damage it has inflicted on energy markets may never be undone.
The ceasefire agreement will bring needed relief to a scarred region, and to global energy markets. But it will not resolve the issues that brought America and Iran to war in the first place.
New Yorkers gathered in each other’s homes, piled into bars and thronged sidewalks outside restaurants to stare through the windows at the video screens as the Knicks contended with the San Antonio Spurs.
The temporary resumption of hostilities highlighted Donald Trump’s twin failures in controlling his Israeli ally and cajoling Iran to accept a lasting truce.
THE ECONOMIST: Exxon’s reincorporation is one more feather in the state’s cowboy hat, as it looks to overtake California as the largest economy in America
THE ECONOMIST: Today’s grandparents inherited a continent rebuilding itself after war; they will pass on one in need of repair after the damage they helped wreak.