Sunday, March 1, 2015

Sunday roundup (03-01-15)

Greek debt becoming less sustainable: Fiscal course makes targets harder to meet, and too much talk is doing nothing to build bridges with lenders (ekathimerini)

Alexis Tsipras comes under fire from Spanish prime minister: Mariano Rajoy hits back over accusation that Spain and Portugal deliberately tried to bring Greece’s Syriza administration into ‘unconditional surrender’ (The Guardian)

Wal-Mart's pay hike will have massive ripple effects in America [The Observer, the Sunday Edition of The Guardian, via] (The Business Insider)

UN-AU mission in Darfur cuts 770 jobs (News24)

GM to Close Indonesia Plant, Cut About 500 Jobs: The Bekasi plant will close by the end of June (The Wall Street 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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