Wednesday, April 20, 2016

Wednesday roundup (04-20-16)

Why We Should Be Really Worried About the Panama Papers: History shows us that tax evasion can have terrible effects, from economic inequality to societal collapse. (Politico)

Greece 'could leave eurozone' on Brexit vote [according to the Economist Intelligence Unit] (The Telegraph) Lenders remain divided over Greece's debt relief - EU official (Reuters) [But] Euro zone ready to finalize Greek deal next week, if talks succeed (Reuters) Here’s why it’s so hard to pull Greece out of its economic crisis (The Washington Post)

Italy Is Euro’s Real Achilles Heel (Economics21) Italian banks have a $350B problem: Top hedge fund manager (CNBC)

Donald Trump and Hillary Clinton Win Easily in New York Primary [for President of the United States] (The New York Times)

Bill Moyers: Campaign Finance Reform — It’s Not Just Liberals Anymore: Bill sits down with former Bush administration lawyer Richard Painter to discuss why conservatives should care about the influence of money in politics — and how they can fight to get it out. (Moyers & Company)

VW to pay each U.S. customer $5,000 to settle dieselgate: Die Welt (Reuters)

Congressman: Puerto Rico is the canary in the U.S. debt mine (The Washington Post)

SHELL TO SLASH 2,000 NETHERLANDS JOBS (NLTimes)

CP job losses mount: up to 1,400 positions could be gone by end of year (The Calgary Herald)

British Gas to cut 684 jobs as it shuts Oldbury call centre (The Telegraph)

     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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