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Monday, August 8, 2016

Why Are We In A Low Growth Global Economy?




We’re in a Low-Growth World. How Did We Get Here?


One central fact about the global economy lurks just beneath the year’s remarkable headlines: Economic growth in advanced nations has been weaker for longer than it has been in the lifetime of most people on earth.
The United States is adding jobs at a healthy clip, as a new report showed Friday, and the unemployment rate is relatively low. But that is happening despite a long-term trend of much lower growth, both in the United States and other advanced nations, than was evident for most of the post-World War II era.
This trend helps explain why incomes have risen so slowly since the turn of the century, especially for those who are not top earners. It is behind the cheap gasoline you put in the car and the ultralow interest rates you earn on your savings. It is crucial to understanding the rise of Donald J. Trump, Britain’s vote to leave the European Union, and the rise of populist movements across Europe.
This slow growth is not some new phenomenon, but rather the way it has been for 15 years and counting. In the United States, per-person gross domestic product rose by an average of 2.2 percent a year from 1947 through 2000 — but starting in 2001 has averaged only 0.9 percent. The economies of Western Europe and Japan have done worse than that.





Fukushima Radiation: Your Days of Eating Pacific Ocean Fish Are Over, Or Worse…

Over 300 tons of contaminated water that contains radioactive iodone, cesium, and strontium-89 and 90, is flooding into the Pacific Ocean from the Fukushima Daichi site everyday. 





Radiation Station Sunshine Coast Australia







Fukushima Daiichi radioactive water problems seem ‘uncontainable’ 






Iraq families hit £150,000 target to sue Blair in just two weeks

Relatives of troops killed following the 2003 invasion said they were ‘delighted and amazed’ at the stunning speed of the public’s response. They want the former prime minister brought to justice.They believe Mr Blair misled Parliament to justify the war, which cost the lives of 179 UK servicemen and women


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