It is now obvious to everyone, even the most strenuous defenders of laissez-faire, that the major crisis caused by the subprime loans marks the end of an era.George Soros,one of the best-known and most outspoken financiers in the world, has talked about the need to correct the “unchecked capitalism”of the past twenty years. However, while the past is relatively clear,what awaits us “around the corner”is anything but clear.What do the nationalisation of some American and British banks and the injections of public capital into French, German and Italians banks presage? What development model is the new American President Barack Obama thinking of when he talks, for instance, of support for the big automobile industry? east devotes its Dossier to these issues,inviting top-level Italian academics and business operators such as Marcello De Cecco, Paolo Savona, Fabrizio Onida, Alessandro Profumo,Loretta Napoleoni,Debora Revoltella and Fabrizio Coricelli to discuss them. This issue gives particularly wide coverage to in-depth news reports. Emanuele Confortin travels to India to find out why even tolerant religions take to killing; Massimiliano Di Pasquale returns to Odessa, the setting for Eisenstein’s Battleship Potemkin; Emiliano Bos follows the traces of the Somali pirates and discovers that pirates there infest both land and sea; Matteo Sacconi takes a train trip from Berlin to Leipzig to excavate the remains of Communist Germany, Giampaolo Musumeci finds that the Greek island of Samo rivals Lampedusa for the number of illegal immigrants landing there,Rita Fatiguso travels to Manchuria, one of the poorest regions of China, and Claudia Astarita to the Philippines, where destitution nourishes ignoble traffics, and Francesca Lancini goes to Jordan to take a closer look at the 500,000 Iraqi refugees whom international public opinion has chosen to ignore and dismiss. We talk to Peter Kostmayer,a former Congressman who is now President of the Citizens Committee for New York City, about Obama’s election. Kostmayer paints a decidedly unusual picture of “Citizen Barack”.