Amazon overwhelmingly dominates online book sales, with a market share comparable to Standard Oil’s share of the refined oil market  in 1911. Photograph:  Sean Gallup/Getty Images

Book sales depend on word of mouth and online retailer has power to kill buzz

German chancellor  Angela Merkel. “In Europe austerity policies have been driven less by economic analysis than by Germany’s moral indignation over the notion that irresponsible borrowers might not face the full consequences of their actions.” Photograph: Krisztian Bocsi/Bloomberg

Opinion: history shows us mass deleveraging does not work

Sen Rand Paul: “When is the last time in our country we created millions of jobs? It was under Ronald Reagan.” Photograph: Alex Wong/Getty Images

Opinion: Republican diktat to budget office would mean end to policy referee

According to Forbes, best-paid actor Robert Downey jnr earned $75 million last year while the top 25 hedge fund managers took home, on average, almost $1 billion each. Photograph: Kevin Winter/Getty Images

The truly rich are so removed from ordinary people’s lives that we never see what they have

What’s holding back employment in the US, asks speaker of the house John Boehner. Photograph: Joshua Roberts/Reuters

What the Republican Party really believes is, it’s your own fault

The fomer Lehman Brothers headquarters in New York. “It’s true that while the most shocking intellectual malfeasance has come from conservative economists, some economists on the left have also seemed more interested in defending their turf and sniping at professional rivals than in getting it right.” Photograph: Nicholas Roberts/AFP/Getty Images

Opinion: too many influential economists performed poorly after financial crisis

Cakes at Browning Bakers in Kilmarnock in Scotland. EPA/Robert Perry

Opinion: it’s likely Scotland would become Spain without the sunshine

“When it comes to ensuring that Americans have access to healthcare, the message of the data is simple: yes, we can.”

Health spending has slowed sharply - it’s already well below projections

Texas governor Rick Perry will likely run for the US presidency on the basis that he knows how to create prosperity. Photograph: Doug Mills/The New York Times

Despite what Rick Perry might argue, it’s housing policy that explains growth in southern states

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