Apart from Austin Powers, there can be few British institutions as groovy right now as The Economist. Der Spiegel has hailed its "legendary influence." Vanity Fair has written that "the positions The Economist takes change the minds that matter." In Britain, the Sunday Telegraph has declared that "it is widely regarded as the smartest, most influential weekly magazine in the world." In America, it is regularly fawned on as a font of journalistic reason.