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

Vladimir Putin: No doubt it’s an oversimplification to say that the confrontation in Ukraine is all about shoring up an authoritarian regime that is stumbling on other fronts. But there’s surely some truth to that story.

Ukraine confrontation raises some scary prospects

Libertarian author and philosopher Ayn Rand in Manhattan in 1957. Photograph: New York Times/Getty Images

Is libertarian economics at all realistic?The answer is no

Republican leaders such as Mitch McConnell tried to help their friends with the Orwellian claim that resolution authority was actually a gift to Wall Street. But Wall Street knew better. Photograph: Getty Images

Creation of Consumer Financial Protection Bureau should not have been controversial

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