Thursday, November 19, 2015

Thursday roundup (11-19-15)

Economic growth in developed economies slows: OECD (Marketwatch)

Antibiotic resistance: World on cusp of 'post-antibiotic era' (The BBC)

Goldman eyes $20 oil as glut overwhelms storage sites: “The world is floating in oil. The numbers we are facing now are dreadful," said David Hufton from PVM Group by Ambrose Evans-Pritchard (The Telegraph)

How Terror Could Kill the European Project (Time)

ECB minutes: risk of inflation target miss increased (Reuters) ECB's top economist signals need to act to maintain confidence [that is, to avert a slide in prices] (Reuters) Some ECB Officials Wanted October Easing on Deflation Risk (Bloomberg) ECB minutes: Bigger Eurozone QE programme now looks like 'done deal' (CityAM)

China cuts borrowing costs, eyes market-based rates (Reuters)

[In the United States,] Subprime Auto Lending Soars As Fed Report Shows Spike In Loans To Underqualified Borrowers (ZeroHedge blog)

Taxpayers will pay billions more as CalPERS lowers estimate of investment returns (The Los Angeles Times)

U.S. clears genetically modified salmon for human consumption (Reuters) 7 Things You Need To Know About GMO Salmon (Time) Environmental Groups Worry that GM Salmon Could Cause Irreparable Harm (Vice) Canada sued over approval of genetically modified salmon scheme: US firm’s plan to produce GM salmon eggs in Canada and ship them to Panama threatens contamination of wild fish in a ‘huge live experiment’, lawsuit argues (The Guardian)

New research reignites concerns that pesticides are harming bees (The Washington Post) The World’s Most Popular Insecticides Are Messing With Bees: They’re turning them into incompetent pollinators, which is bad news for plants—and humans. (The Atlantic) New Research [Also] Links [The Same] Neonicotinoid Pesticides to Monarch Butterfly Declines [April 4] (Independent Science News)

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 (TheBoycottList) GMO Free USA (Facebook) Millions Against Monsanto by OrganicConsumers org (Facebook)

     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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