Thursday, May 14, 2015

Thursday roundup (05-14-15)

Global debt binge casts shadow over fragile recovery (The Globe and Mail of Toronto)

HSBC WARNS: The world economy faces a 'titanic problem' (The Business Insider) HSBC: Central Banks Are Running Low on Ammunition: Does a "titanic" policy problem loom? (Bloomberg)

ECB's Draghi says central bank stimulus will continue in Europe for "as long as needed'' (The Associated Press)

Varoufakis refuses any bailout plan that would send Greece into ‘death spiral’: Finance minister continues war of words with eurozone policymakers, saying he wished Greece still had the drachma and had not entered monetary union (The Guardian)

Spain's public debt rises to over 1 trillion euros in March (Cihan)

The U.S. Economy Just Had Its Worst Month Since the Recession (The Wall Street Journal blogs) Fox News Poll: Voters believe White House incompetent, US still in recession and ISIS has moved next door (FoxNews)

Senate Advances Bill to Give Obama Trade Negotiating Power (Bloomberg) Forget The Senate: Obama's Real Problem On Trade Is In The House (The Huffington Post) AFL-CIO chief: White House trade bill argument is ‘unadulterated horse waste’ (The Washington Post blogs)

GMO-free foods could get government labels (The Associated Press) GMO Labeling 2015: USDA's First Government Label For Non-Modified Foods Could Help Set National Standard For Certification (International Business Times)

Chipotle is now GMO-free [April 26] (WDJT)

Download the True Food Shopper's Guide: How to Avoid Foods Made with Genetically Modified Organisms [GMOs] (The Center for Food Safety) Say "No" to GMOs (Non-GMO Project) THE GREAT GMA COVERUP INFOGRAPHIC (WalkByTheWay) GMO Free USA (Facebook) Millions Against Monsanto by OrganicConsumers org (Facebook)

Bombardier to slash 1,750 jobs, cut business jet production (The Globe and Mail of Toronto)

     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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