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Hello and welcome to the intelligence from the economist.

In New York, I'm your host, John Fastman.

And in London, I'm Jason Palmer.

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

In recent years, China has expanded its espionage operations.

Its hacking capacity is legendary, and it seems to have got better at the fleshy side of things, too.

But some wonder whether China's intelligence services really are as good as advertised.

And it might look like a pretty easy gig being a lifeguard.

But after a pandemic of closed pools, it's proving difficult in America to get enough trained lifeguards in all those tall chairs.

In many places, swim at your own considerable risk.

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