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The price of economic posturing | Paul Krugman

It lacks the hypocrisy of its US cousin, but German deficit hawkery is equally misguided and dangerous Suddenly creating jobs is out, inflicting pain is in. Condemning deficits and refusing to help a still struggling economy has become the new fashion everywhere – including the United States, where 52 senators voted against extending aid to the [...]

Yahoo celebrates as profits rise and stability returns after cuts

After three years of faltering financials, the internet company Yahoo declared that its businesses have ’stabilised’ as deep cost cuts and a strategic overhaul yielded a 244% surge in quarterly profits After three years of faltering financials, the internet company Yahoo declared that its businesses have “stabilised” as deep cost cuts and a strategic overhaul yielded [...]