Tuesday, April 28, 2015

Tuesday roundup (04-28-15)

UN says 1.4 million people victimized by Nepal earthquake need food assistance (FoxNews) Frustration Grows in Nepal as Earthquake Relief Trickles In (The New York Times) Nepal After the Earthquake (The Atlantic)

[In Greece, Prime Minister] Tsipras presses for May debt deal, threatens referendum (Reuters)

Sidelining Varoufakis Won’t Solve Greece’s Real Problem: Negotiations about Greece's debt may proceed more smoothly without the country's prickly finance minister, Yanis Varoufakis, but his arguments about austerity are incontrovertible.Negotiations about Greece's debt may proceed more smoothly without the country's prickly finance minister, Yanis Varoufakis, but his arguments about austerity are incontrovertible. (The New Yorker) Greek finance minister denies being sidelined from debt talks: Yanis Varoufakis renews outspoken attack on eurozone partners despite being replaced as leader of bailout negotiating team (The Guardian)

Greece Remains 'Precarious,' Says Bundesbank's Weidmann (Dow Jones Newswires)

Half of investors expect Greece to leave euro zone within 12 months: Sentix (Reuters)

Richard Russell Warns People [in the United States] Must Prepare For Something Worse Than 1929 – 1932 … Will U.S. Seize Gold? [He says, in answer to that question, "I don’t think so."] (King World News)

Review: Janet Tavakoli's Decisions: Life and Death on Wall Street by Nomi Prins, Distinguished Senior Fellow, Demos (The Huffington Post)

Puerto Rico — U.S.’s ‘Greece’ — is hurtling to default: Government could run out of cash in 3 months (Marketwatch)

Bell Helicopter to trim 1,100 jobs from global workforce (The Star-Telegram of Fort Worth, Texas)

     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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