Saturday, January 7, 2017

Saturday roundup (01-07-2017)

Western governments pile up debt to become the world's biggest borrowers (The Telegraph)

‘Brump’ [= Brexit + Trump Election] Heightens Uncertainty in Global Economy: Many events over the past year – Brexit, Donald Trump’s victory, rise of far-right parties in Europe and continued weakness in the banking sector – have added significant uncertainty to an already fragile global economy. (The Wire)

Germany's Gabriel says EU break-up no longer unthinkable (Reuters)

[In the United States,] Ethics Office Warns Confirmations For Trump Nominees Are Moving Too Fast (National Public Radio) Ethics official warns against confirmations before reviews are complete (The Washington Post) Giving Mr. Trump’s Nominees a Pass (The New York Times)

Trump national security pick Monica Crowley plagiarized multiple sources in 2012 book (CNNMoney)

REPORT: Jared Kushner is taking steps to explore a White House role (The Business Insider) Who Is Jared Kushner? 15 Things You Need to Know About Donald Trump's Son-in-Law.: Ivanka Trump's husband wields extraordinary influence in the Trump sphere. [Dec. 9] (Cosmopolitan) Jared Kushner Could End Up at the Heart of Trump White House [Nov. 17] (NBCNews) What Does Jared Kushner Really Want?: What could make a wealthy scion of the Democratic elite appear to sell his soul for Trump? Family, perhaps, but maybe not the one that you think. [Nov. 16] (Vanity Fair)

Massive storm system moves into Northern California; flooding, heavy snow forecast (The Los Angeles Times) Monster Winter Storm Cripples South, Kills Four Across U.S. (NBCNews) Winter storm moves up East Coast (CNN)

     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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