A retail outlet in Coventry, England, where cuts in services and jobs are expected due to austerity measures.Credit...Jean Philipe Defaut for The New York Times LONDON � Last month, the British government abolished the U.K. Film Council, the Health Protection Agency and dozens of other groups that regulate, advise and distribute money in the arts, health care, industry and other areas. It seemed s
The lights are going out all over America � literally. Colorado Springs has made headlines with its desperate attempt to save money by turning off a third of its streetlights, but similar things are either happening or being contemplated across the nation, from Philadelphia to Fresno. Meanwhile, a country that once amazed the world with its visionary investments in transportation, from the Erie Ca
BERLIN 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 unemployed despite the highest rate of long-term joblessness since the 1930s. Many economists, myself included, regard this turn to austerity as a hu
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