Monday, January 9, 2017

Monday roundup (01-09-2017)

U.S. charges Volkswagen executive with fraud over emissions scandal (Reuters)

Trump’s son-in-law, Jared Kushner, to join White House as senior adviser; no formal role for Ivanka Trump (The Washington Post) Why Donald Trump’s selection of his son-in-law for a top White House job is a dicey decision (The Washington Post) Why Jared Kushner’s conflicts of interest matter (Vox)

Elizabeth Warren and Democrats introduce bill to push Trump to divest businesses (CNBC)

4 Of 9 Trump Nominees Set For Hearings This Week Haven’t Completed Ethics Disclosures: Mitch McConnell doesn’t care about these “little procedural complaints.” (The Huffington Post)

Schumer sends McConnell back his own 2009 letter on nominations (The Hill blogs)

Satisfying a $100 million [Iowa] state budget deficit (KIMT)

[UK's] Tesco set to cut 1,000 jobs in restructuring plans: Warehouses in Hertfordshire and Derbyshire will be closed but more than 500 jobs will be created elsewhere in the retailer’s network (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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