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The mathematician of the Complutense University of Madrid, José-Vidal Ruiz Varela, argues that Europe must raise its borrowing limit, leaving its deflationary policy. Meanwhile, USA must correct debt and raise the interest rates. Raising the interest rates in the USA and dropping them in Europe, recovers the European domestic demand and EE.UU may return to invest in Europe, with a stronger dollar, without any problem, generating hundreds of thousands of Jobs

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IBM profit falls 17%, lifts full-year outlook : Report

International Business Machines Corp.’s second-quarter earnings declined 17% as the computing and tech services giant recorded weaker hardware and services sales and significant workforce reduction expenses
Big Blue now sees operating earnings of at least $16.90 a share, up from its prior view of least $16.70 a share
IBM’s results are often read as an indicator of the health of tech spending among government and corporate customers
The company is known for aggressively shedding less profitable businesses and cutting costs while bulking up its catalog of more unique offerings--such as consulting services, analytics software and data-storage systems--where it can earn wider margins
However, a number of analysts have raised concerns that IBM, which makes much of its money selling software, hardware and computer systems, may be on the wrong side of a major technology shift, known as cloud computing
The latest period’s results follow a rare earnings miss in the first quarter as sales of software and server products were particularly weak, which prompted a round of restructuring at the company
The most recent quarter included $1 billion in workforce reduction expenses
Overall, IBM reported a profit of $3.23 billion, or $2.91 a share, down from $3.88 billion, or $3.34 a share, a year earlier
Operating earnings, which exclude retirement-plan costs, amortization and workforce reduction charges, were $3.91 a share
Revenue slipped 3.3% to $24.92 billion, or down 1% when adjusted for currency fluctuations
Analysts most recently predicted earnings of $3.77 a share and revenue of $25.37 billion
Gross margin widened to 48.7% from 47.6%
Revenue in IBM’s systems-and-technology unit, which includes its hardware business, fell 12%
The unit has now seen year-on-year revenue declines for seven straight quarters
The software segment’s revenue rose 4.1%
Technology services revenue was down 4.6% while business services revenue slid 1.3%
Services backlog totaled $141 billion, unchanged from the first quarter
Nathalie Tadena
Dow Jones Newswires
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