by Ellen Brown, Web of Debt
British MP Jeremy Corbyn has proposed a 'People's QE' that has critics crying hyperinflation and supporters saying it's about time.
Econintersect: Every day our editors collect the most interesting things they find from around the internet and present a summary 'reading list' which will include very brief summaries (and sometimes longer ones) of why each item has gotten our attention. Suggestions from readers for 'reading list' items are gratefully reviewed, although sometimes space limits the number included.
This feature is published every day late afternoon New York time. For early morning review of headlines see "The Early Bird" published every day in the early am at GEI News (membership not required for access to "The Early Bird".).
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from The Conversation, The Conversation
-- this post authored by Eugene Lim, King's College London
The existence of parallel universes may seem like something cooked up by science fiction writers, with little relevance to modern theoretical physics.
Infographic Of The Day: All You Need To Know About Cigarettes
42.1 million people (18.1% of all adults) in the United States smoke cigarettes, while 5 Million is the worldwide total deaths caused by tobacco every year.
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by Ron Paul, Daily Reckoning
Following Monday's historic stock market downturn, many politicians and so-called economic experts rushed to the microphones to explain why the market crashed and to propose 'solutions' to our economic woes. Not surprisingly, most of those commenting not only failed to give the right answers, they failed to ask the right questions.
Michael Hudson's New Book: Wall Street Parasites Have Devoured Their Hosts - Your Retirement Plan an
Zhi: A Critique of Modern Money Theory and the Disequilibrium Dynamics of Banking and Government Fin
U.S. stocks close week broadly lower, amid vague August jobs report
by Investing.com Staff, Investing.com
U.S. stocks fell sharply on Friday as an inconclusive August jobs report provided investors with two more weeks of uncertainty before the Federal Reserve decides whether it will raise short-term interest rates later this month.
The possibility of an imminent rate hike pushed stocks lower, as the major indices erased most of the gains from its previous two sessions. The Dow Jones Industrial Average fell 272.38 or 1.66% to 16,102.38, ending the week lower while the NASDAQ Composite indexlost 49.58 or 1.05%, closing lower for the fourth time in five sessions. All three major indices remained in negative territory for the year.
The S&P 500 Composite index, meanwhile, dipped 29.91 or 1.53% to 1,921.22, as all 10 sectors closed in the red. Stocks in the Basic Materials, Financials and Energy industries lagged, each closing by at least 1.75% on the session.
04Sep2015 Market Close: Markets Closed Down Ahead Of Monday Holiday, Indicators Remain In Bear Land,
04Sep2015 Market Update: WTI Oil Experiencing Heavy Volatility, Averages Down Close To 2%, DOW Off 3
04Sep2015 Pre-Market Commentary: Global Markets Deeply In The Red, U.S. Futures Down Sharply, Volati
ECRI's WLI Growth Index which forecasts economic growth six months forward - slid further into negative territory. This index had spent 28 weeks in negative territory then 15 weeks in positive territory - and now is in its third week in negative territory. ECRI also released their inflation index this week.