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On a barren plot on the outskirts of Istanbul, where the stony ground bakes under the merciless summer sun, a lone sign gives a macabre hint to the purpose of the arid wasteland. "Traitors' graveyard," read the white capital letters on the black sign, planted on two stakes into the ground. The cemetery was created to bury Turkish rebel soldiers whose failed July 15 putsch claimed a total of 270 lives but did not manage to unseat the government of President Recep Tayyip Erdogan.
The US economy grew more slowly than expected in the second quarter of 2016, rising a modest 1.2 percent, according to an advance estimate released Friday by the Commerce Department. The department also revised first-quarter growth estimates for gross domestic product downward to 0.8 percent from 1.1 percent, reflecting poorer results in residential investment, private inventories and exports. The second quarter results were well below analysts' expectations of 2.6 percent growth and could temper the cautious optimism expressed in advance of this week's meeting of the US Federal Reserve.