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The launch of this magazine ten years ago was based on an optimistic premise about the market for serious journalism in Britain. That optimism seems to have been borne out. It was also launched at a time of hope in international politics. Yitzhak Rabin was still prime minister of Israel (he lay dead six weeks later), and western, liberal baby boomers like Bill Clinton and Tony Blair were in power, or heading there, hoping to take advantage of the end of the cold war to reform domestic and international politics. Most of these political hopes have been disappointed.

Ten years…

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