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Peter Spence – US economy ‘close to stagnant for almost a year’ as growth shudders

Hopes of US interest rate rises were pushed into the distance on Friday, as figures showed that the world’s largest economy had slowed sharply and was near stagnation for almost a year. The  US economy grew by just 0.3pc in the three month period to the end of June, according to the Bureau of Economic Analysis (BEA). Economists had anticipated …

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Michael Snyder – Painful To Watch: This Is The Weakest U.S. Economic ‘Recovery’ Since 1949

Most of us have never witnessed an economic “recovery” this bad.  As you will see below, the average rate of economic growth since the last recession has been the lowest for any “recovery” in at least 67 years.  And unfortunately, the economy appears to be slowing down even more here in 2016.  On Friday, I talked about how the U.S. economy …

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AMBROSE EVANS-PRITCHARD – Italy must choose between the euro and its own economic survival

Italy is running out of economic time.  Seven years into an ageing global expansion, the country is still stuck in debt-deflation and still grappling with a banking crisis that it cannot combat within the paralyzing constraints of monetary union. “We have lost nine percentage points of GDP since the peak of the crisis, and a quarter of our industrial production,” …

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What Women Must Know – Love, Animals & Miracles: Inspiring True Stories Celebrating the Healing Bond with Dr. Bernie Siegel – 12.10.15

Bernie S. Siegel, MD, is a well-known proponent of integrative and holistic approaches to healing that heal not just the body but also the mind and soul. A retired surgeon, and a lover of animals, Bernie has been at the forefront of spiritual and medical ethics issues of our day and has been named one of the top twenty Spiritually Influential Living People by Watkins’ Mind Body Spirit magazine (London). Bernie and his wife Bobbie live in a suburb of New Haven, Connecticut. They have five children, eight grandchildren, four cats, two dogs, and much love.
http://berniesiegelmd.com

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The Rise of the Illegitimate Authority of Transnational Corporations

The following is an excerpt from the introduction to Shadow Sovereigns: How Global Corporations are Seizing Power: We’re surrounded. Everywhere you look you find masses, droves, gangs of unelected, unaccountable, profit-oriented indi­viduals, corporations and new institutions surfacing everywhere, making official policy in areas ranging from public health to food and agriculture; from taxes to finance and trade. Some are lob­byists …

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Larry Schwartz – The 9 Most Expensive Medicines in the World—Courtesy of Big Pharma

Hedge funder Martin Shkreli reminded everyone of the sky-high—and seemingly arbitrary—costs of prescription medicines in this country when he bought and immediately increased the price of an established drug used to fight a parasitic infection. The price hike was eye-popping, from $13.50 a pill to $750 per pill, prompting Dr. Judith Aberg of the Icahn School of Medicine at Mount …

GDP Is An Insufficient Measure Of True Economic Growth By Luis Miranda

Economic growth has bee at zero percent or lower for two or three years in a row in most of the western world. Cooked government numbers say that most so-called western powers have grown at 0.2% and that the recession that began in 2009 is over. In Europe, the Spanish government has been short of organizing a parade, because according …

Wall Street Just Got More Pessimistic About the U.S. Economy. Will the Fed Follow Suit? – Matthew Boesler Catarina Saraiva

Federal Reserve officials will probably cut their forecasts for economic growth when they gather again next month, though not enough to deter their intent to raise interest rates later this year. The median respondent to a survey of 79 economists conducted by Bloomberg from May 8 to May 13 said U.S. gross domestic product would grow 2.3 percent in the final quarter of 2015 …

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US Economy Collapses Again – JACK RASMUS

Data released last week by the U.S. government showed the U.S. economy came to a near halt in the first three months of 2015, falling to nearly zero – i.e. a mere 0.2 percent annual growth rate for the January-March quarter. The collapse was the fourth time that the U.S. economy in the past four years either came to a …