Opinionomics | 19 April 2012

Must-read comment and analysis. Featuring the drug trade, masters of the universe, and crippling aus

1. Latin America: A toxic trade (Finanical Times)

While many of the region’s economies are booming, the battle against illegal drugs cartels is placing severe strain on resources and institutions, write John Paul Rathbone and Adam Thomson

2. Summers and Rubin, remorseless deregulators (Reuters)

Felix Salmon writes about the "almost pathological" failure of the old masters of the universe to accept that deregulation might have gone too far.

3. Will the real employment minister please stand up? (Market Square)

Ian Mulheirn argues that the chancellor, not the employment minister, is the only person who can actually do anything about unemployment, arguing along the same lines as I did yesterday.

4. To Thrive, Euro Countries Must Cut Welfare State (Bloomberg View)

Fredrik Erixon argues in favour of massive austerity.

5. IMF telethon: $400bn for economies in need (Independent)

Christine Lagarde is hosting the biggest fundraiser of the year. The recipients will include eurozone nations, and the US won't be giving anything, writes Stephen Foley

The space shuttle Discovery lands in Washington, to be put in the Smithsonian Museum. Credit: Getty

Alex Hern is a technology reporter for the Guardian. He was formerly staff writer at the New Statesman. You should follow Alex on Twitter.

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Word of the week: Michellania


Each week The Staggers will pick a new word to describe our uncharted political and socioeconomic territory. 

After brash Republican presidential nominee Donald Trump paraded his family at the national convention, the word of the week is:

Michellania (n)

A speech made of words and phrases gathered from different sources, such as Michelle Obama speeches and Rick Astley lyrics.

Usage: 

"I listened hard, but all I heard was michellania."

"Can you really tell the difference between all this michellania?"

"This michellania - you couldn't make it up."

Articles to read if you're sick of michellania:

Do you have a suggestion for next week's word? Share it in the form below.