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The Economist USA - July 9, 2016
English | 96 pages | True PDF | 16 MB
The Economist is a global weekly magazine written for those who share an uncommon interest in being well and broadly informed. Each issue explores the close links between domestic and international issues, business, politics, finance, current affairs, science, technology and the arts.
The Economist is an English-language weekly newspaper owned by the Economist Group and edited in offices based in London. Continuous publication began under founder James Wilson in September 1843. For historical reasons, The Economist refers to itself as a newspaper, but each print edition appears on small glossy paper like a news magazine. In 2006, its average weekly circulation was reported to be 1.5 million, about half of which were sold in the United States.
The publication belongs to The Economist Group. It is 50% owned by the British branch of the Rothschild family and by the Agnelli family through its holding company Exor. The remaining 50% is held by private investors including the editors and staff. The Rothschilds and the Agnellis are represented on the Board of Directors. A board of trustees formally appoints the editor, who cannot be removed without its permission. Although The Economist has a global emphasis and scope, about two-thirds of the 75 staff journalists are based in the City of Westminster, London. As of March 2014, the Economist Group declared operating profit of £59m. Previous major shareholders include Pearson PLC.
The Economist claims that it "is not a chronicle of economics." It takes an editorial stance of classical and economic liberalism which is supportive of free trade, globalisation, free immigration and cultural liberalism (such as supporting legal recognition for same-sex marriage or drug liberalization). The publication has described itself as "a product of the Caledonian liberalism of Adam Smith and David Hume." It targets highly educated readers and claims an audience containing many influential executives and policy-makers. The newspaper's CEO described this recent global change, which was first noticed in the 1990s and accelerated in the beginning of the 21st century, as a "new age of Mass Intelligence."