Erdogan's Power Over the Central Bank

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The opposition had promised to reverse Erdogan's creation of a powerful executive presidency. The Lira fell by 2% since the first round of the presidential elections and dipped to a record low of 20 to the dollar. Unless Erdogan reverses course and decides to raise interest rates, the currency will plunge as soon as the central bank runs out of ways to defend it. And that moment might come soon.

Recep Tayyip Erdogan has again retained the presidency. We ask how the best chance in a generation to unseat him came unstuck—and what to expect from an emboldened autocrat. South Korea’s suicide rates have turned a dark corner, with deaths among women driving rising numbers. And Paul Simon’s new album prompts a look at musical hits first conceived in dreams.

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