Our fund managers’ most useful tool No. 7: A travel clock

Over the past year, we personally interviewed the management of over 3,000 companies worldwide.

Murray International Trust Stocks and Shares ISA and Share Plan

There’s nothing like being able to judge for yourself. For us, we won’t add a company to our portfolios without first holding a personal interview with its management. Established in 1907, Murray International Trust PLC is a conventional investment trust that aims to generate income from a large, diversified global portfolio, and is available through our ISA or Share Plan. We only ever invest in companies that our regional investment teams have personally selected and approved. You can invest in this trust from £100 per month or £1,000 lump sum. We offer daily dealings for lump sum investments. Do remember that the value of shares and the income from them can go down as well as up. You may not get back the amount invested. No recommendation is made, positive or otherwise, regarding the ISA and Share Plan.

The value of tax benefits depends on individual circumstances and the favourable tax treatment for ISAs may not be maintained. If you have any doubts about the suitability of any investment for your needs, please consult an independent financial adviser.

To find out more: Request a brochure: 0500 00 40 00 www.invtrusts.co.uk

Issued by Aberdeen Asset Managers Limited, 10 Queen’s Terrace, Aberdeen AB10 1YG. Which is authorised and regulated by the Financial Services Authority in the UK. Telephone calls may be recorded. Please quote MINT PM 02 Contents August 2011

In Prospect 9 If I ruled the world

Ban weapons, boost aid. mohamed elbaradei 10 Recommends 12 Diary

Opinions 14 How to make Britain grow

The cuts are appropriate—but the government must tax more. pier carlo padoan 15 Decade of disorder

We made mistakes after 9/11. david miliband 16 My generation

Our parents are ruining us. rachel wolf 17 Richer, not poorer

Pensions have made public sector employees better off than private ones. paul johnson 20 Blind spot

Look out for the disabled. selina mills 21 King of the deep

Lobster fishing is the greatest summer sport. alex renton

22 Letters plus stephen collins’s cartoon strip.

The World 24 The month ahead 24 Japan

The generation gap. bronwen maddox

26 China

What I can’t accept. mark kitto

Features

28 Phone hacking: the fallout

The trade in personal data. christopher graham News Corp’s next move: richard northedge, claire enders Was Rupert good for Britain? roger cohen, peter jay, peter kellner Don’t curb the media. raymond snoddy

34 Postmodernism is dead What was it? edward docx 42 Getting the House in order John Bercow is a controversial Speaker. Is he a good one? james macintyre 48 Caught out Will Iceland sacrifice its fish to pay its debts?

sam knight

Travel far and wide: special report 64 Great river journeys john gimlette 66 Go while you can tony juniper: endangered species president mohamed nasheed: save the Maldives david keys: imperilled historic sites 71 High, low, hot, cold louis brennan peers at space tourism tim ecott dives deep benedict allen sleeps in the desert david lascelles cruises the Antarctic ugust2011 ·prospect· 5