Sunday, April 26, 2015

Sunday roundup (04-26-15)

Death Toll in Nepal Quake Rises to More Than 3,200 (The Associated Press)

Finance Minister Schäuble hints at preparations for a Plan B on Greece: Finance Minister Wolfgang Schäuble has fielded media queries on a possible "plan B" in case negotiations on funding Greece fail. Slovenia's minister raised the issue at the eurozone finance ministers meeting in Riga. (Deutsche Welle) With No Deal on Greek Bailout Aid in Sight, Some in Europe Suggest ‘Plan B’: Idea raised by ministers reflects pessimism that agreement can be reached in time (The Wall Street Journal)

Candidates [for mayor of Philadelphia] ignore city's biggest issue: Pensions (The Philadelphia Inquirer)

     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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