One year ago today President Joe Biden bragged that some new legislation called the Chips and Science Act would usher in a new era of American manufacturing. The world's chip makers would be lured to America to build their high-tech plants known as fabs. And you might think that with the transition to electric vehicles the roads might become a little quieter. Not so. Carmakers are in a sonic battle to assert their battery powered brands. Prepare for new bleeps, bongs and guitar lakes. Next up though. Britain has had a reputation for being a world leader in administering foreign aid. But budget cuts and a recent change in the government arm in charge of it means that the world's poorest
Big-money legislation to bring microprocessor manufacturing to the country is off to a reasonable start—but dominance of the industry is and will probably remain distant. Britain was once a leading light when it came to international aid; we ask why that reputation is now in tatters (tk:tk). And exploring all the funny noises coming from electric vehicles (tk:tk).
For full access to print, digital and audio editions of The Economist, try a free 30-day digital subscription by going to www.economist.com/intelligenceoffer