Sunday, January 3, 2016

Sunday roundup (01-03-16)

How [United States Senator] Elizabeth Warren Wields Power: Even without running she’s forcing the Democratic candidates to look out for consumers. (Slate)

Western Australia to cut 1,100 jobs in south Perth hospitals: WA government says the cuts to the area’s service will help improve the state’s inefficient health system, but Labor says they will increase waiting times (The Australian Associated Press)

Joint Base Lewis-McChord to cut about 900 civilian jobs: Army downsizing will result in the loss of jobs, most of which will be realized through attrition and early retirement. (The Seattle Times)

     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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