Wednesday, March 16, 2016

Wednesday roundup (03-16-16)

UK's Osborne offers voters sweeteners ahead of EU referendum, says growth to slow (Reuters)

Fed Slows Down on Plans to Pursue Interest Rate Increases (The New York Times)

Obama nominates Merrick Garland to Supreme Court, sets up Senate showdown (FoxNews) Senate Republicans' refusal to consider Merrick Garland's Supreme Court nomination is dangerous obstructionism [Editorial] (The Los Angeles Times) GOP Supreme Court blockade showing early cracks: Just hours after Obama unveils his pick, some Republicans waver. (Politico) Republicans have repeatedly praised Merrick Garland (CNN)

Trump warns of riots, pulls plug on Republican presidential debate (Reuters) Hillary Clinton is now the presumptive Democratic nominee after big Tuesday wins (The Atlanta Journal-Constitution blogs)

Missouri primary too close to call; Trump, Clinton could face recount (United Press International)

No Bailout Nation: With no other option, voters tired of cronyism are supporting Sanders and Trump. (U. S. News & World Report)

Peabody Energy Warns of Possible Bankruptcy Filing (The New York Times blogs) World coal giant Peabody faces bankruptcy as industry implodes by Ambrose Evans-Pritchard (The Telegraph)

Regulation Alone Will Not Change Bad Behavior on Wall St. (The New York Times blogs)

Trinity Tank Car to lay off about 850 workers in Longview area (The Longview News-Journal of Longview, Texas)

Asda to cut up to 750 jobs: [UK] Supermarket chain will also close staff canteens as part of turnaround plan called Project Renewal (The Guardian)

     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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