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Congress to Consider Scaling Down Group Homes for Troubled Children

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Special Report from ProPublica

by Joaquin Sapien, www.propublica.org

When 17-year-old Lexie Gruber first entered the Allison Gill Lodge group home for girls in Manchester, Connecticut, she said it felt less like a home than a business. Instead of family photos, the walls were covered in informational posters and licensing certificates. When her emotions got the better of her, she said, the only conversations she had were with a doctor with a prescription pad at the ready.

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What We Read Today 01 June 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".).

BECOME A GEI MEMBER - IT's FREE!

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

To become a GEI Member simply subscribe to our FREE daily newsletter.

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

U.S. Oil Production Sets New Modern Record

by EconMatters, EconMatters.com

EIA Report

I looked over the weekly Petroleum Inventory Report put out by the EIA today, and the biggest takeaway by far was that U.S. oil production set a new modern era high at 9.566 Million Barrels per day.

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Infographic Of The Day: 10 Reasons To Sell In China Through Alibaba And Tmall

Did you know that Jack Ma founded Alibaba with 18 other people in 1999. Mr. Ma was an English teacher prior to forming Alibaba. 

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Video of the Day:

You've heard it a million times: Don't text and drive. Dr. Sanjay Gupta offers tips on how to break the dangerous habit.


video of day picture





FOREX NEWS by DailyForex

Forex Week in Review

Friday marked the final trading session in May and saw all of the major markets fall with the one exception of the Nikkei.

Euro Pressured on Growing Greek Crisis

As had been largely expected, the Greek government was unable to meet a deadline for an agreement with lenders to release additional aid. Without that funding, it is highly unlikely that Greece will be able to make its next IMF payment which comes due on June 5th.

Greek Deal Unlikely

Greece is no closer to reaching a deal with its creditors with each side pointing to the other as the reason for the failure.

Weekly Economic & Political Timeline

There is quite a lot of data coming out this week, which should be dominated by USD news (in particular, Friday’s NFP report) and also to a lesser extent statements by the central banks of the Eurozone, the U.K., and Australia. However it seems very unlikely there will be any surprises from the central banks so all eyes will be on the USD data.

Weak Data Brings Wall Street Down

Data released on Friday showed that the U.S. economy contracted in the first quarter of the year but despite the drop on Wall Street, indexes still posted gains for the month.
 more investing, markets, precious metals & forex

The Week Ahead: Will Employment Numbers Carry the Economy?



 more opinion

Here's How Much Inflation April CPI Didn't Measure

by Lee Adler, Wall Street Examiner

First, let's get the headline number out of the way. The media reported last week that the inflation rate in April was +0.1% on a seasonally adjusted (SA) month to month basis. On a not seasonally adjusted, actual basis the change was +0.2%. The BLS said that the year to year change in top line CPI was a decline of -0.2%.

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

Gasoline Prices for Week Ending 01 June 2015 Almost Unchanged

Econintersect: Average gasoline prices rose 0.6 cents per gallon nationwide this past week following the previous week's 3.0 cent rise.


Average prices by region and a breakdown by grade follow after "Read more....".

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