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Every weekday our global network of correspondents makes sense of the stories beneath the headlines. We bring you surprising trends and tales from around the world, current affairs, business and finance — as well as science and technology.
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The Weekend Intelligence: Bombay, open city?
Mumbai is famously an open city, known for welcoming all comers, regardless of colour, caste, or creed.
But as the city goes about building its future, Economist correspondent Leo Mirani, a proud Mumbaikar, fears his city’s character is being buried beneath the rubble.
In this episode of the Weekend Intelligence Leo contemplates how all this construction will change his beloved Bombay, and who the Mumbai of the future is really designed for.
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Swat off the press: Meta v Canada’s news ploy
A bid to squeeze money from social-media platforms that link to news content has backfired: what was intended to help publishers is instead harming them. America’s workers still work more than Europe’s; what is changing is where they do it (9:44). And remembering Shirley Conran, whose books were more than merely saucy: they helped women with everything from money to mathematics (16:22).
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High hopes: A decade of legal cannabis
Just over half of Americans live in a state with legal recreational weed. Now, the Department of Justice is recommending the drug be reclassified on a federal level. Legalisation amounts to a massive experiment for public policy, entrepreneurs and consumers. Is it a rolling success? Or will it leave states and investors high and dry?
Charlotte Howard hosts with James Bennet and Idrees Kahloon. Daniel Sumner of the University of California, Davis, legal weed entrepreneur Beau Allulli and The Economist’s Daniel Knowles also contribute.
Transcripts of our podcasts are available via economist.com/podcasts
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Boiling over: an attempt on the Slovakian PM’s life
An attempt on Robert Fico’s life comes at a time of deep-running polarisation in his country—much of which is his own doing. A vote today among auto workers in America’s historically union-unfriendly south will indicate whether an organised-labour revolution can take hold (9:26). And the perception of time varies depending on what you are looking at (17:24).
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A wholesale success: Why Americans love Costco
Costco is the world’s third-biggest retailer, after Amazon and Walmart. What sets it apart from its competitors is the peculiar adoration it seems to inspire from shoppers. And it’s not just Costco cardholders who love the wholesaler. Wall Street analysts fawn over the stock. Though the retailer’s sales are less than half of Walmart’s, its return on capital, at nearly 20%, is more than twice as high. What is behind Costco’s enduring success?
Hosts: Alice Fulwood, Mike Bird and Tom Lee-Devlin. Guests: Costco superfans David and Susan Schwartz; and Joe Feldman, an analyst at Telsey Advisory Group.
Transcripts of our podcasts are available via economist.com/podcasts
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Expenses claims: Trump’s hush-money trial
Michael Cohen has been testifying in Donald Trump’s hush-money trial. Did the former president’s fixer provide what the prosecution had hoped for? The Middle East has a militia problem. Many of the region’s governments are too weak to keep them down; others simply let them in (10:36). And investigating whether there is more or less sex on the silver screen these days (19:06).
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