US Economy Growing Faster Than We Thought

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This is welcome news:

The U.S. economy expanded at a brisker pace than initially thought in the second quarter as businesses ramped up spending, a hopeful sign for an economy that has been repeatedly buffeted by bad weather, domestic political standoffs and overseas turmoil.

Gross domestic product, the broadest sum of goods and services produced across the economy, expanded at a 3.7% seasonally adjusted annual rate in the second quarter of 2015, the Commerce Department said Thursday, up from the initial estimate of 2.3% growth.

Average growth in the entire first half of the year was still fairly sluggish, thanks to a miserable first quarter, but today’s news might be evidence of some decent acceleration in the economy. Given all the bad news of the past month or so, this comes as a bit of a relief.

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Minority rule, corruption, disinformation, attacks on those who dare tell the truth: There is a direct line from what's happening in Russia and Ukraine to what's happening here at home. And that's what MoJo's Monika Bauerlein writes about in "Their Fight Is Our Fight" to unpack the information war we find ourselves in and share a few examples to show why the power of independent, reader-supported journalism is such a threat to authoritarians.

Corrupt leaders the world over can (and will) try to shut down the truth, but when the truth has millions of people on its side, you can't keep it down for good. And there's no more powerful or urgent argument for your support of Mother Jones' journalism right now than that. We need to raise about $450,000 to hit our online fundraising budget in these next few months, so please read more from Monika and pitch in if you can.

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