Wednesday, July 5, 2017

Wednesday roundup (07-05-2017)

ECB not yet reassured on sustainability of Greek debt: Coeure (Reuters)

Britain faces an 'explosive debt trajectory' in the next 50 years if it ends austerity (The Business Insider)

You'd turn Britain into GREECE: May's stern warning to Corbyn as he refuses to face DEBT: THE PRIME MINISTER evoked Greece as a bleak reminder of the perils of overspending as she lashed Jeremy Corbyn over his plans to enlarge the UK's debt pile. (The Express)

Almost eight in ten graduates [in the UK] will never pay back their full student loan, report finds (The Telegraph)

What Trump Gets Right About the Middle East: The president has made plenty of unforced foreign policy errors. But in the Middle East, he seems to grasp what the United States can achieve and, importantly, what it cannot. (Politico)

Some Trump supporters thought NPR tweeted ‘propaganda.’ It was the Declaration of Independence. (The Washington Post) Trump fans offended by NPR’s Declaration of Independence tweets (The New York Daily News)

Trump’s Offshore Oil Push Risks Disaster, BP Spill Commissioners Warn: The 2010 explosion of the Deepwater Horizon rig dumped millions of barrels of crude into the Gulf of Mexico and killed 11 workers. (The Huffington Post)

Here’s the Full List of Donald Trump’s Executive Orders (NBCNews)

After tax hike and budget votes, Illinois avoids credit downgrade to junk for now (The Chicago Tribune) Illinois may get downgraded to junk despite budget deal (CNNMoney)

Monte Paschi to Reduce 5,500 Jobs, Assets in Rescue Plan (Bloomberg)

Give Us Back Google News Classic Design #googlenews (Economic Signs of the Times blog)

     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.

No comments:

Post a Comment