Monday, February 27, 2017

Monday roundup (02-27-2017)

German finance minister hints at REFUSING Greece debt cut paving way for default: GREEK hopes of a debt cut appear to have been dashed by the German deputy finance minister, increasing the likelihood of the Mediterranean country defaulting on a £5.9bn bailout repayment. (The Express)

The Enduring Mystery of Japan's Economy (Mother Jones)

Number of distressed U.S. retailers at highest level since Great Recession (Marketwatch)

Trump proposes defense spending boost, $54 billion in cuts to 'most federal agencies' (CNN) Trump touts spending plan, but promise to leave entitlements alone puts GOP in a quandary (The Washington Post) Trump budget faces GOP resistance: The president’s plan to boost defense spending at the expense of other programs provoked deep skepticism. (Politico)

Obamacare rollback could cost states billions, leave millions uninsured (Tribune Media Wire)

Bush Weighs In On Trump Presidency, Calling Press 'Indispensable To Democracy' (National Public Radio) George Bush: I Consider The Media To Be Indispensable To Democracy (Crooks and Liars blog) George W. Bush ATTACKS Donald Trump  (Youtube)

Dutch postal service to cut another 2,000 jobs (NLTimes)

Tesco is removing 1,700 deputy managers from its stores (CityAM)

     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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