Economy in U.S. Probably Expanded at Slowest Pace in Five Years

Source: Bloomberg
By Shobhana Chandra

April 30 (Bloomberg) — The U.S. economy probably grew in the first quarter at the slowest pace in five years as consumer and business spending faltered and the housing slump deepened, economists said before a government report today.

A 0.5 percent annual pace of growth from January through March, the smallest gain since [...]

Can the US economy be revived?

Source: BBC
By Steve Schifferes
BBC News economics reporter

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The US central bank, the Federal Reserve, is poised to cut interest rates again, while the first payments in $100bn (£50bn) in tax rebates are being sent this week to help revive the US economy. But have they done enough to avoid a recession?
The extent [...]

Video: Money as Debt

Paul Grignon’s 47-minute animated presentation of “Money as Debt” tells in very simple and effective graphic terms what money is and how it is being created. It is an entertaining way to get the message out. The Cowichan Citizens Coalition and its “Duncan Initiative” received high praise from those who previewed it. I recommend it [...]

Weekly Economic Update for the Week of March 31, 2008

Quote of the week. “Always aim at complete harmony of thought and word and deed. Always aim at purifying your thoughts and everything will be well.” – Mahatma Gandhi

Consumer spending nearly flat. Personal spending rose just 0.1% in February, the Commerce Department announced. That is the tiniest advance posted by America’s chief economic [...]

Video: The Story of Stuff

Source: StoryofStuff.com

Watch the full video here
From its extraction through sale, use and disposal, all the stuff in our lives affects communities at home and abroad, yet most of this is hidden from view. The Story of Stuff is a 20-minute, fast-paced, fact-filled look at the underside of our production and [...]