Outstanding school rejected for academy status

Theresa Villiers has written a furious letter to Michael Gove for turning down a Barnet school’s application to become an academy Photograph: Simon Dawson/Landov/PA A Tory minister has publicly attacked the education secretary over his beleaguered academies expansion plans, it emerged... 

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US jobless drop boosts Obama

People wait at an employment help centre in Miami, Florida. Photograph: Joe Raedle/Getty Images The Obama administration got a brief respite from the recent slew of gloomy economic news as US unemployment claims fell more than expected. The US government said 473,000 new claims for unemployment... 

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Slovenia’s biggest bank will fail stress test, admits PM

Slovenia’s capital, Ljubljana. The country’s PM said its biggest bank would fail the EU stress tests. Photograph: Bob Krist/Corbis Slovenia admitted today that its largest bank would fail the Europe-wide stress tests amid frenzied speculation about the results of the health checks... 

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Public sector cost-cutting will create long-term problems

Cut here: a fall in public expenditure on services such as the NHS is likely to lead to lower standards rather than increased productivity. Photograph: Christopher Furlong/Getty Images The danger of premature action to reduce budget deficits while we are still recovering from the recession... 

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