Once seen as recession-proof, the funeral industry is in a death spiral. Some owners are staving off the end by catering to a new generation’s burial tastes | Crain’s New York Business

  Height – 3646 | Width – 5353 Photo: Buck Ennis MARCHING ON: A Chinese family begins a funeral procession from Wan Shou Funeral Home. Brooklyn’s burial businesses have needed to adapt to the burial rites of new populations—or die. After 40 years of working in Williamsburg, Keith Senko thought he’d heard and seen it…

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Note to Philip Hammond: In ALL 32 OECD countries that cut spending, economic growth was seriously damaged

Philip Hammond MP. Photo: Oli Scarff Note to Philip Hammond: In ALL 32 OECD countries that cut spending, economic growth was seriously damaged 14 Jul 2016, by Geoff Tily in Economics Since 2010, under the direction of international organisations and most economists, governments across the world have cut spending in order to restore public finances…

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Laurie Penny | Life-Hacks of the Poor and Aimless

Pour scorn elsewhere. / Joanna Slodownik Late capitalism is like your love life: it looks a lot less bleak through an Instagram filter. The slow collapse of the social contract is the backdrop for a modern mania for clean eating, healthy living, personal productivity, and “radical self-love”—the insistence that, in spite of all evidence to the…

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The 1% are recovering from 2008 recession while 99% are still waiting | Business | The Guardian

The top 1% of Americans are finally recovering from the great recession. A new analysis of IRS data revealed that the average income of the top 1% of income earners grew by 7.7% in 2015, reaching $1.36m. Report author Emmanuel Saez, an economics professor at the University of California-Berkeley, calculated earlier this year that the…

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Overseas investors are ditching the pricey US home market—especially ones from China — Quartz

Overseas buyers are now retreating from the US home market, thanks to slackening world economies, higher home prices, and a strong dollar. This week the National Association of Realtors released its annual report on international buying. It found that together, resident and non-resident foreigners invested $102.6 billion in the US home market between April 2015…

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The myth of millennial entitlement was created to hide their parents’ mistakes — Quartz

Three years ago, TIME magazine published a cover story called “The Me Me Me Generation—Millennials are lazy, entitled narcissists who still live with their parents.” It was the print version of clickbait, designed to be devoured by TIME’s Baby Boomer base, or perhaps flipped through angrily by millennials killing time at TIME’s most reliable subscriber,…

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Britain Rattles Postwar Order and Its Place as Pillar of Stability – The New York Times

Photo A protest against the so-called Brexit in Parliament Square in London on Saturday. Credit Adam Ferguson The New York Times LONDON — Britain’s historic vote to leave the European Union is already threatening to unravel a democratic bloc of nations that has coexisted peacefully together for decades. But it is also generating uncertainty about…

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Mexico Cuts Spending After Brexit Vote Causes Assets to Tumble – Bloomberg

Mexico announced it would cut federal spending by 31.7 billion pesos ($167.9 billion), reducing the country’s international funding needs as emerging-market assets worldwide tumble following the U.K.’s decision to leave the European Union. A decision on whether to increase the country’s key interest rate will be made next week at a June 30 board meeting…

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