The Economist is the best weekly magazine for news and cogent, insightful economic, political and financial analysis BAR NONE. The writing exemplifies English at its best, and makes even potentially dreary topics lively. Always insightful, always witty (you'll come to admire their unrelenting brilliance at puns), it is usually concise, and astonishingly wide-ranging in its coverage.
Sure, it doesn't cater to drooling morons, and once in a while you may find yourself reading and then re-reading densely written material that casually implies a solid grasp of basic Micro and Macroeconomic theory. But if you really want to know what's happening out there, the latest issue of the Economist should be a solid staple in your reading.
No, I don't own stock in the company, but I've read the Economist off and on (mostly on) since college, and I do consider it to be a few cuts above the usual trash offered by all of the other news magazines.
A subscription is expensive, but well worth the money IMHO.