Sunday, May 3, 2015

Sunday roundup (05-03-15)

Nepal earthquake death toll climbs past 7,000 [Reuters via] (MSNBC) Nepal quake: Death toll rises to more than 7,000; foreigners among bodies retrieved from avalanche-hit area (The Australian Broadcasting Corporation)

Greek talks stall over 'red lines' as country fights to remain in eurozone: Greek government says it is confident a deal can be struck, but creditors remain at loggerheads with Athens over labour market reforms (The Telegraph) [Still,] 'Progress' [is claimed] in Greek debt talks after Varoufakis sidelined (Agence France Presse)

Almost half of Obamacare exchanges face financial struggles in the future (The Washington Post)

Back to Basics: Why G.E. Ditched Finance (The New Yorker)

     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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