Tuesday, February 7, 2017

Tuesday roundup (02-07-2017)

EU faces crisis as IMF warns Greek debts are on ‘explosive’ path (The Telegraph) Rare split on IMF board puts Greek bailout at risk: Germany stands firm that IMF must participate in Greece’s rescue program (Marketwatch) Greece's debt costs rise sharply as worries grow over IMF role: Investors worried by fund’s warnings country’s debt burden is unsustainable and reported split over joining latest bailout (The Guardian)

[In the United States,] Ex-CIA officials say Trump’s travel ban has “no national security purpose”: "The Order is of unprecedented scope," they said. (Ars Technica)

Experts: Trump Undermines Judiciary With Twitter Attack on Judge Robart (NBCNews)

If Trump wants law and order, he should rethink cutting regulation (The Hill blogs)

Trump's Education nominee DeVos confirmed as Pence casts historic tie-breaking vote (CNBC) The ethics case against Betsy DeVos (The Hill blogs)

Even if they’d defeated DeVos, Democrats faced a dicey future: Blind resistance to Trump may not be the winning ticket for 2018 midterm elections (Marketwatch)

     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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