Greg Karlstrom, a Middle East correspondent for The Economist, delves into the royal rift in Jordan, focusing on Prince Hamzah's dissent and its resonance with the public. Tom Easton, the bureau chief in Mumbai, explores the rapid rise of India's billionaires and the shifts in the economy that accompany this wealth. They discuss the political implications for the Jordanian monarchy and highlight key figures in India's billionaire landscape, revealing challenges posed by economic disparity.
Prince Hamzah's criticisms of corruption and incompetence in Jordan's government resonate with the country's people.
The Squamish First Nation's project in Vancouver aims to address the housing shortage and generate revenue for the community.
Deep dives
Prince Hamza of Jordan placed under house arrest
Prince Hamza bin Hussein of Jordan claimed he was placed under house arrest by the government. He criticized corruption and incompetence in the governing structure.
The rise of billionaires in India
India has seen a significant increase in the number of billionaires, particularly in industries such as pharma and software. Mukesh Ambani and Watan Adani dominate the list, but new wealth is emerging from industries like computer consultancy and pharmaceuticals.
Squamish First Nation's solution to Vancouver's housing problem
The Squamish First Nation in Vancouver plans to build 12 skyscrapers with 6,000 rental homes on reserve land. This allows them to bypass local regulations and zoning laws, providing a quicker and cheaper construction process. The project aims to address the city's housing shortage and generate revenue for the Squamish people.
Pressure on the king’s half-brother may represent a mere family feud, but Prince Hamzah’s complaints resonate with the country’s people. We ask what will happen next. Study the fast-growing list of India’s billionaires: who has joined it and who has left are signs of the country’s shifting economy. And an indigenous group’s tall order in Vancouver’s property market. For full access to print, digital and audio editions of The Economist, subscribe here www.economist.com/intelligenceoffer