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Hello and welcome to the intelligence from the economist. In New York, I'm John Fasten.

And in London, I'm Jason Palmer.

Every weekday, we provide a fresh perspective on the events shaping your world.

Residents of Jackson, the capital of Mississippi, are without safe drinking water indefinitely.

The tale of how that happened is sad.

But even more sadly, not unusual. Some 21 million

people in the world's richest country lack access to reliable water. And the taxonomy of finance

types has always included chartists, the kind of thinkers who aim to divine the future from nothing more than

charts of market moves. Their recent rise is not a sign of their deep insights, it's a sign of

widespread unease. But first... For weeks, a much-trailed counter-offensive by Ukrainian forces in the country's south only slowly

materialized. The narrative about the country's east had become one of stalemate, a war of attrition.

...