 | | Thursday, October 30, 2014 | | |  | | |  |
The deadline for the nuclear talks with Iran is approaching with no sign of a breakthrough. Yet we believe the prospects of a deal—if not now, eventually—are improving. That's because, as our leader and special report this week explains, Iran is changing. Its revolutionary fire has been extinguished. Religion is on the decline and pragmatic centrists are in charge
John Micklethwait, Editor-in-Chief | | | | | | Dilma Rousseff scored a narrow victory, with 51.6% of the vote, in Brazil's presidential election run-off. As she embarked on her second term she promised to reunite the nation after a bitter political contest. But she failed to mention her centre-right rival, Aécio Neves, by name, and the rancour showed little sign of abating. After the poll the Central Bank raised its key interest rate to 11.25%. Inflation has been riding high for months, but the fraught election and Ms Rousseff's approach to monetary policy meant a rise was unlikely before the run-off
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MORE FROM: POLITICS THIS WEEK » | | | Concluding its long-standing process of "tapering", America's Federal Reserve announced its final monthly purchase of bonds, bringing an end to its third round of quantitative easing. The central bank introduced its policy of asset buying in November 2008. Supporters of QE point to falling unemployment in America and a strengthened economy, but critics say it has merely provided cheap money to investors and inflated asset prices. Whatever the verdict, the Fed now views QE as a vital tool and is not ruling out another future round
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