Tuesday, February 21, 2017

Tuesday roundup (02-21-2017)

EU tax chief admits Le Pen winning would be the end of the European project (CNBC)

Shocking extent of Greece’s poverty REVEALED as EU-enforced austerity CRIPPLES nation: THE economic situation in Greece is worsening despite massive bailout funds from the European Union with 22.2 percent of the population now “severely materially deprived”, according to the shocking research. (The Express)

Portuguese public debt rises to 130.6 pct of GDP in 2016 (Xinhua)

[In the United States,] New Trump Deportation Rules Allow Far More Expulsions (The New York Times) A nation of immigrants enters dark chapter (CNN)

President Pence: While Donald Trump is campaigning, Mike Pence is doing the president's job. (US News & World Report)

Democrats seek to quell Trump impeachment talk: Party leaders caution against rushing into a political trap. (Politico) If Trump is Impeached, it Might Be the End of America (Medium)

CSX to layoff 1,000 management positions (WTLV)

     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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