Friday, April 3, 2015

Friday roundup (04-03-15)

Warning sign: U.S. economy only adds 126,000 jobs (CNNMoney) Hiring Slowdown Underscores Weakening Growth (Dow Jones Newswires)

Floods, Lightning and Tornadoes Have Millions on High Alert: Violent storms triggered flooding in Kentucky, a huge fire may have been started by lightning in Louisville and millions are on alert for tornadoes. (NBC Nightly News)

Greece says it will make €460m bailout repayment to IMF on time: Athens moves to quell fears of a default after a series of contradictory statements by saying it is ready to make the repayment on time on 9 April (The Guardian)

Italy, Not Greece, at Heart of Euro Question: Lifting Italy’s growth path is more important to the eurozone’s future than Greece’s troubles (The Wall Street Journal)

Thai Airways to implement 40 percent of planned 5,000 job cuts this year: source (Reuters)

     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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