Tuesday, December 8, 2015

Tuesday roundup (12-08-15)

Oil down 1 percent after hitting 2009 lows (Reuters)

Air France Sees Slow Rebound From Attacks After $54 Million Hit (Bloomberg)

[United States Republican Presidential Candidate] Donald Trump's Muslim Bashing Aids Cause of Terror Networks, Say Experts (NBCNews) Why Trump is playing right into ISIS' hands by Jonathan Russell, head of policy for the anti-radicalization think tank Quilliam (CNN) Fascism is all the rage in Europe, and it’s coming to America: Neo-fascism is on the rise in Europe, and there are echoes of it in Donald Trump's increasingly dangerous rhetoric (Salon)

Anglo American to shed 85,000 jobs (CNNMoney) Mining giant Anglo American to cut 85,000 jobs in 'radical' restructuring (USAToday)

Slumping Morgan Stanley eliminates 1,200 jobs (CNNMoney)

     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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