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And unlike other drivers, he wasnt willing to go to work for the enemy by moonlighting for Uber or Lyft to supplement his dwindling income. For Schifter, his column was more than a place to express his frustration and anger. It was a spiritual quest the closest he came to a higher calling. One day, on a long drive to Connecticut, one of his clients suggested a book he had never heard of: Many Lives, Many Masters, a best seller with more than a million copies in print. He ordered it overnight express and devoured it the next day. Although Schifter had always referred to himself as a natural skeptic, that hadnt kept him from puttering around the existential void, seeking a semblance of order and purpose in what had become a very hard life. The books author, a psychiatrist named Dr. Brian Weiss, claimed that he, too, had once been a hard nosed skeptic. But after he treated a patient who described having 86 past lives, Weiss wrote, she connected him with spiritual beings called the masters, whose wisdom transformed his life. The whole thing sounded implausible, but Weiss held degrees from Columbia University and Yale Medical School. He had been featured in the New York Times and interviewed by Oprah Winfrey on national television.
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S. economic recovery has been choppy at best and much uncertainty remains. A sharp reversal could quickly change the Feds rate agenda. A tumble in oil prices, a surging U. S. dollar, an uptick in unemployment, a housing downturn, slow global growth and even the upcoming Brexit vote, where Brits will vote on whether Britain will leave the European Union, could all impact a U. S. recovery. The unemployment rate would likely have to spike above 6% and consumer spending take a major hit for the Fed to seriously consider negative rates, said Ilya Feygin, a managing director at WallachBeth Capital LLC. Youd have to see a complete reversal of what stabilized the economy over the past four years, said Stringfellow. Even then, though, it would likely be a last resort, said Feygin.