Saturday, April 2, 2016

Saturday roundup (04-02-16)

The World May Have Too Much Food: For the first time in history, more people are obese than underweight. (Bloomberg)

IMF weighing exit from Greek bailout [The Financial Times via] (CNBC) After WikiLeaks Revelation, Greece Asks I.M.F. to Clarify Bailout Plan (The New York Times) Greece demands IMF explanation over leaked debt transcript (Reuters)

IMF concerned UK referendum will interfere with Greek bailout – WikiLeaks: Leak reveals worry that British poll on leaving union could paralyse EU decision-making just as IMF pushing through bailout terms, according to whistleblower (The Press Association)

Hillary Clinton’s Support Among Nonwhite Voters Has Collapsed (The Huffington Post) A close Wisconsin primary could spell future trouble for Clinton (The Washington Post)

In a revealing interview, Trump predicts a ‘massive recession’ but intends to eliminate the national debt in 8 years by Bob Woodward and Robert Costa (The Washington Post)

If Donald Trump Loses Wisconsin To Ted Cruz, Trump May Lose The GOP Nomination (Forbes)

Here's How We Can Break Up the Banks and Avoid Another Economic Disaster: We should think of the financial system as a utility, in the same way that we think of sewage systems and electricity distribution. (Alternet)

     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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