Friday, March 20, 2015

Friday roundup (03-2015)

Profound changes needed to make the Eurozone work: ONE of the more intractable problems in the formation of the United States of America was how to limit the power of the large States. The states in question were New York and Virginia. (The Irish Independent)

Far right set to win in France in weekend elections (CNBC)

EU commits $2.15 billion to help Greek poor deal with crisis (The Associated Press) Greek PM says Merkel agreed to forget previous bailout commitments: reports (Marketwatch) Greece says it will send list of reforms, stick to agreed plan: Merkel: Proposals need to go further, says German leader [The Wall Street Journal via] (Marketwatch) Merkel sets strict terms for Greek aid, Juncker flags EU cash (Reuters)

[United States Sen.] Elizabeth Warren Strikes Back Against New GOP Efforts to Weaken Dodd-Frank: The senator, joined by Obama allies and architects of the financial regulations, are slamming the House’s proposed budget. (The National Journal)

We’re Frighteningly in the Dark About Student Debt (The New York Times)

U.S. oil rig count falls to lowest since March 2011 - Baker Hughes (Reuters)

Next wave of energy job cuts could be executives (The Houston Business Journal)

     The aim of this blog is to show (mostly from reports in mainstream respected news sources) that there is reason to believe that both the United States and the global economies remain fragile in the wake of the financial crisis of 2008 and that a number of threats exist today that could, if they worsened, bring about economic depression -- not just a minor depression, but a depression worse than the Great Depression. Key threats include excessive risk-taking by financial firms, unchecked by effective regulation; the continued existence of "too big to fail" institutions; and most especially, the amassing of levels of public and private debt which could become unsustainable.

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