Europe

Just hours after Mario Draghi unveiled another €20 billion in monthly QE, bringing the total in "unconventional monetary policy" asset purchases to €80 billion per month, and entering the market for corporate bond purchases for the first time, the ECB released the text of an interview that was conducted with the Guardian on February 18, in which the central banker not only lamented youth unemployment but said he is "worried about increasing inequality."

Here are the selected excerpts:

• Shares bounce, euro fades after savage ECB reaction (Reuters)
• Trump's Islam comments draw attacks as Republicans discover civility (Reuters)
• IEA Says Oil Price May Have Bottomed as High-Cost Producers Cut (BBG)
• Oil Prices Rise on Hopes Glut Will Ease (WSJ)
• Why Euro-Area Inflation Will Be Low for Years, According to Draghi (BBG)
• Calmer markets, positive data prime Fed to push ahead with rate rises (Reuters)
• Key powers mulling possibility of federal division of Syria (Reuters)

Three months ago, on December 4, when the ECB clearly disappointed markets and European stocks tumbled as the Euro soared, it took a speech by Mario Draghi at the Economic Club in NY to send stocks soaring...

The economy of the United States was destroyed almost overnight.

As VisualCapitalist's Jeff Desjardins notes, more than 5,000 banks collapsed, and there were 12 million people out of work in America as factories, banks, and other shops closed.

People Demand ‘Banks for the Common Good’ to Overthrow Multinational Behemoths A Common Dreams report:  A coalition of social justice groups in Scotland looks at the economic and ecological dangers of corporate mega banks and mounts an argument for democratic reform In a new report (pdf) focused on Scotland but with global implications, a coalition of social justice groups in the U.K.