OU ot
Economist
How to
cut the
deficitPEM i4
esr eI cued r itd
US investors agree
Deutsche Bank is No.1
In a poll of nearly 1,000 leading US institutional investors carried
out by Greenwich Associates this year, Deutsche Bank ranked
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PiagetCry
‘Onthecover
Sorting out America’s fiscal
messistelatively simple.
What's needed is political
courage: leader, page 11. The
‘options forcutting the
deficit, pages 29-31. An
‘ever-moredivided nation,
page 33. Can Barack Obama
and the Republicans find
‘common ground? Lexington,
page4o
The Economist ontine
Dallyanalysisand opinion from
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Economist.com/ematl
Printedition: available online by
‘Tpm London time each Thursday
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‘Audio edition: aallableontine
‘odownload each Friday
Ezonomis.com/audiedition
isthe September 43
7
a
2
35
35
16
38
20
29
33
34
36
38
38
39
40
43
44
45
45
The world this week
Leaders
America’s budget deficit,
Speak softly and carry
ig chainsaw
The euro-zone crisis
Green and bear it
Deating with spam
Confidence game
British immigration
Scrap the cap
Microfinance
Leave wellalone
The future of Japan
TheJapan syndrome
Letters
n deforestation,
Colombia, high-speed
rail, Ireland, the
Republicans
Briefing
America’s deficit
Confronting the monster
United States
America in numbers
One nation, divisible
Congress reconvenes
‘An end to earmarks
Municipal troubles
All economics is Local
New York's recovery
Happy apple
legal immigration
Targeting the boss
Islam in Tennessee
{An uncivilaction
Lexington
Bipartisanship: bluffand
counter-bluff
The Americas
Rebuilding Haiti
Politics in the time of
cholera
Venezuela's economy
Towards state socialism
Mexico's film industry
Action, but na profits
legal mining in South
America
Ungreen gold
Asia
47 China's rising prices
Hunting down the
hoarders
48 Caterpillar fungus
Thenew gold
48 Bangladesh
Politics ofhate
49 Acoronation in Sri Lanka
Beating the drum
‘49 Hong Kong's paternalism
Raspberries all ound
50 North Korean defectors,
No paradise, but better
than hell
50 Corruption in Indonesia
‘The adventures of
SuperGayus
51 Banyan
Freedom from fear
Middle East and Africa
53 Israel, the United States
and Palestine
Fix those borders frst
54 Libya
‘Open yet closed
54 Evangelical Syrians
Don’ttry too hard
55 Iraq’snew top people
An emerging government.
55 Rhinos in South Africa
Ahorny headache
56 Guinea's presidential poll
Please stay calm
56 Boxing in Nigeria
A rumble in the Sahet
Special report: Japan
Into the unknown
After page 56
Europe
57 France's new government
Old wine in new bottles
58 Francois Fillon
The nobody who became
somebody
58 Silvio Berlusconi
An Italian job
59 Greece's budgetary woes
Along odyssey
59 Portugal's worries
Atlantic trouble
60 Germany, central Europe
and Russia
Frau fix-it
60 Hungarian politics
Constituting a problem
62 Charlemagne
EU leaders and the euro
‘The euro Ireland's troubles are
largely fits own making but,
German bungling hasmade
matters worse: leader, page
12, How did the Celtictiger
slipup? Pages 79-81. Greece's
progress, page 59. Portugal's
‘government insists itis
neither Greece nor Ireland,
ppage59. Themessin Brussels:
Charlemagne, page 62.
Europe's changing bond
markets, page 83
‘Japan The biggest lessonit.
‘nay yet teach thewarldis
aboutthe growth-sapping
effects of ageing; leader, page
48, Ways Japan doing so little
toadapt? Find out in our
special report, after page 56.
Japanese manufacturers on
themove, page73
Myanmar’s queen On past
form, thejunta maysoon snuff
‘outthe hopes that Aung San
Suu ky’s release raise:
Banyan, pages5i. Atleast she's
notin North Korea, page 50
»» Contents continues overleaf