Quantitative Easing for People: The UK Labour Frontrunner's Controversial Proposal


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.


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What We Read Today 04 September 2015

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".).


Every day most of this column ("What We Read Today") is available only to GEI members.

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 more features, analysis, studies, and news published in the last week

The Theory Of Parallel Universes Is Not Just Maths It Is Science That Can Be Tested

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.

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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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Video of the Day:

The largest tax cut in U.S. history was proposed and later signed in to law by that great Republican Democrat, John F. Kennedy. He speaks on his income tax cut that he wants to present to Congress in January (1963) next year (partial newsreel).

video of day picture

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 more investing, markets, precious metals & forex Weekly Wrap-Up 04 September 2015

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Blame the Federal Reserve, Not China, for Stock Market Crash

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.


U.S. stocks close week broadly lower, amid vague August jobs report

by Staff,

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.


 USA economy at a glance (boxed items are updates in last 7 days)

28 August 2015: ECRI's WLI Growth Index Slides Deeper Into Contraction

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.

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