Hello and welcome to the Intelligence on Economist Radio. I'm your host, Jason Palmer.

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

An Austrian mill first built to protect Nazi steelmaking from Allied bombardment was

located in just about the worst possible place for producing steel. Yet seven decades on,

it's flourishing, even as the European steel industry takes a beating. We find out why.

And a look at ads in America reveals the single most undesirable thing in a roommate,

and it's not what you'd think. Unwanted house guests, loud music, unwanted house music.

These all pale in comparison with the one thing everyone can disagree on, politics.

But first,

Britain's conservative party has chosen a new leader, and the country will soon have a new prime

minister, and it's no surprise. And the total number of votes given to each candidate

was as follows. Jeremy Hunt, 46,656, Boris Johnson, 92,153. And therefore I give notice

that Boris Johnson is elected as the leader of the Conservative and Unionist party.

In a vote by almost 160,000 conservative party members, Boris Johnson

won out over Jeremy Hunt by a decisive margin. We are going to energize the country. We're going to

get Brexit done on October 31st. We're going to take advantage of all the opportunities that it

will bring in a new spirit of can-do. Tomorrow afternoon, Theresa May will tender her resignation to

the Queen, and Mr. Johnson will take over. The two could hardly be more different,

but the problems the new prime minister now faces are very much the same as his predecessors.

Just like Mrs. May, Mr. Johnson will lead a fractured party, among them a group of parliamentarians

openly hostile to him. Several ministers resigned ahead of the vote and a few more are expected to.

He's got a worryingly slim majority in parliament. There are diplomatic issues to be addressed

...