Monday, March 13, 2017

Monday roundup (03-13-2017)

China corporate debt levels excessively high, no quick fix: central bank governor (Reuters)

Big banks [in the United States] should split off riskiest activities: FDIC's Hoenig (Reuters) Regulator Proposes Walling Off Wall Street Investment Banks (Bloomberg)

Without Regulation Comes Responsibility: Businesses must act ethically in Trump's era of deregulation – or risk re-regulation in force. (US News & World Report)

CBO: Republican health care bill raises premiums for older, poor Americans by more than 750%: The American Health Care Act would make a low-income 64-year-old in the individual market pay more than half his income for health insurance. [Vox] via (CNBC)

The CBO Deals Paul Ryan’s Health-Care Plan a Major Blow: The hotly anticipated Congressional Budget Office report on the Republican replacement for Obamacare found it would increase the number of uninsured Americans by 86 percent. (The Atlantic) 24 million would lose health insurance coverage by 2026 under GOP's Obamacare replacement, new estimate [by CBO] says (CNBC)

Trump’s Backing a Healthcare Plan That Breaks His Promises (NBCNews)

Why is Rex Tillerson keeping a low profile?: Rex Tillerson is the lowest-profile secretary of state in modern times. As he prepares for high-stakes visits to Asian nations, there's news that he won't be taking press corps, one of a number of unusual changes in how the State Department does business. Chief foreign affairs correspondent Margaret Warner joins Judy Woodruff to discuss his influence and whether he’s being sidelined. (PBSNewshour)

     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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