Wednesday, May 25, 2016

Wednesday roundup (05-25-2016)

Air and water problems are worsening on a global scale, U.N. says (The Washington Post)

Greece's New Bailout Cash: A Bandage on a Deep Economic Wound: More money may just be buying the country time. (U. S. News & World Report) Will 'breakthrough' deal solve Greece's debt problems?: Markets react warmly, but some analysts deride agreement as "another round of can kicking" (The Week)

U.S. Credit Card Debt To Reach $1 Trillion This Year (National Public Radio)

Clinton Broke Federal Rules With Email Server, Audit Finds (NBCNews) Clinton's e-mail mess keeps getting worse: New audit reveals that she failed to cooperate with inspector general. [Editorial] (The Star-Tribune of Minneapolis, Minnesota) The 9 biggest revelations in the State IG report on Clinton's emails: The 83-page document provided fresh details about whether the private server was authorized and concerns about hacking attacks. (Politico) IG Report on Clinton Email Concludes With...Nothing New [includes link to the report] (Mother Jones)

Warren blasts Trump; he calls her 'Pocahontas' (CNN) After Warren Slams Trump for ‘Rooting’ for Real Estate Bubble to Burst, MSNBC Host Reminds Democrat of Her Own Actions (The Blaze) Elizabeth Warren: Donald Trump can NEVER be the President (Youtube)

Criminal Bankers Threaten Entire World Economy-Helen Chaitman (USAWatchdog) Helen Chaitman-Big Bank Customers Destroyed in Next Economic Meltdown (Youtube) JPMadoff: The Unholy Alliance between America's Biggest Bank and America's Biggest Crook (Amazon)

Six years after the largest Ponzi scheme in history: Attorney and Partner at Becker Poliakoff Helen Chaitman discusses recovery efforts for Bernard Madoff victims after six years. [Dec. 10, 2014; embedding does not seem to work with this video] (FoxBusiness)

Nokia could [= "is likely to"] cut 10,000-15,000 jobs worldwide: union (Reuters)

BMTA [Bangkok Mass Transit Authority] to slash 4,000 jobs by 2018 (The Bangkok Post)

Shell Cuts 2,200 More Jobs to Withstand Lower-for-Longer Oil (Bloomberg)

Microsoft to cut 1,850 jobs at struggling smartphone unit (Reuters)

     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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