Sunday, September 23, 2018

Sunday roundup (09-23-18)

Global recession WARNING: Next crisis will top Great Depression and is just TWO YEARS AWAY: A GLOBAL economic catastrophe which would put the Great Depression of the 1930s and the financial crash of 2008 in the shade is just around the corner, analysts have warned. (The Express)

No [UK] Deal Might Be the Worst Deal of All: With just 200 days left to go until Brexit, a failure to secure a negotiated deal is looking increasingly possible. That would be disastrous for the European Union, but even worse for the British. (Spiegel Online)

[In the United States,] GOP heading for midterm wipeout as 'blue wave' scenario gives Democrats a 12-point generic ballot lead: NBC-WSJ poll (CNBC) If Republicans don’t get answers, Democrats will in 2019 (The Washington Post) Suddenly, Vulnerable House Republicans No Longer Bash Obamacare on Their Websites: At least 20 Republican incumbents either softened their language about the Affordable Care Act or removed references to their opposition to it. (The Daily Beast)




The party of men: Kavanaugh fight risks worsening the Trump GOP’s gender problem (The Washington Post)

Things Moving Very Fast [= "all hell has broken loose"] (TalkingPointsMemo blogs)

[Thread:]



Senate Democrats Investigate a New Allegation of Sexual Misconduct, from Brett Kavanaugh’s College Years: Deborah Ramirez, a Yale classmate of Brett Kavanaugh’s, has described a dormitory party gone awry and a drunken incident that she wants the F.B.I. to investigate. (The New Yorker) Second woman alleges sexual misconduct by Kavanaugh, this time in college: The news comes a few days before the Supreme Court nominee's scheduled testimony before the Senate Judiciary Committee in response to a previous allegation of sexual assault. (NBCNews) Here is why you call the FBI (The Washington Post)













Michael Avenatti: ‘I Represent a Woman with Credible Information Regarding Judge Kavanaugh’ ["My client is not Deborah Ramirez."] (Mediaite)
















["That's been a good thing for all of us, I think." (Sept. 18 tweet)]






[Sept. 17:]



Yale Students To Prof Who Denies Coaching Kavanaugh Clerks: You're Lying: Amy Chua has pushed back hard against claims she groomed students for Kavanaugh. (HuffPost)

‘Incredibly frustrated’: Inside the GOP effort to save Kavanaugh amid assault allegation (The Washington Post) Grassley To Blasey Ford: Witnesses ‘And Who Will Question Them’ Are ‘Non-Negotiable’ (TalkingPointsMemo)







Nikki Haley: ‘Don't Blame’ or ‘Second Guess’ Kavanaugh Accuser (The Daily Beast)




Will Dark Money Rescue Brett Kavanaugh’s Confirmation?: The Judicial Crisis Network is just one of several groups working to ensure a conservative majority on the high court (RollingStone)

Democrats promise to investigate Zinke if House flips: Lawmakers hoping to take control of key committees are pushing for probes of the Interior Department. (Politico)

     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.

Saturday, September 22, 2018

Saturday roundup (09-22-18)

Italy Central Bank Urges Caution on Possible Deficit Hike (Bloomberg)

Trump holds his fire as advisers urge him not to dismiss Rosenstein (The Washington Post)

Christine Blasey Ford, accuser of Supreme Court nominee Brett Kavanaugh, agrees to Senate testimony about sexual assault claim (CNBC)




Kavanaugh accuser Christine Blasey Ford moved 3,000 miles to reinvent her life. It wasn’t far enough. (The Washington Post) Ford runs circles around hapless Republicans, who now have a second scandal (The Washington Post)

I Revealed A Priest Abused Me 30 Years Ago. If I'm A Hero, Why Isn't Christine Blasey Ford? (HuffPost)

The Many Mysteries of Brett Kavanaugh’s Finances: Who made the down payment on his house? How did he come up with $92,000 in country club fees? [Sept. 13] (MotherJones)




Kavanaugh Has Exposed the Savage Amorality of America's Ruling Class: How the DC establishment has responded to his confirmation controversy tells us an awful lot. (Vice)










‘100 Kegs or Bust’: Kavanaugh friend, Mark Judge, has spent years writing about high school debauchery (The Washington Post)

Florence’s Floodwaters Breach Defenses at Duke Energy Plant, Sending Toxic Coal Ash Into River (The New York Times) What Is Coal Ash and Why Is It Dangerous? (The New York Times) Trump’s E.P.A. Is Just Going to Let “Beautiful, Clean” Coal Plants Regulate Themselves: The administration is about to unveil a plan allowing planet-destroying plants to opt out of following any rules at all. [Aug. 15] (VanityFair)

     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.

Friday, September 21, 2018

Friday roundup (09-21-18)

[UK's] Budget deficit jumps in August, but little pressure on Hammond (Reuters)

Brexit Talks at ‘Impasse,’ Theresa May Says, After a Rancorous Summit (The New York Times)

Donald Trump’s desire to ‘get the hell out’ of Afghanistan amid Taliban gains could lead to catastrophe (Newsweek)

Trump walks back his plan to declassify Russia probe documents (The Washington Post) Trump Admits 'Very Good' U.S. Allies 'Have a Problem' With Him Releasing Secret Russia Investigation Documents (Newsweek) Trump does another about-face, thank goodness (The Washington Post)




Rod Rosenstein Suggested Secretly Recording Trump and Discussed 25th Amendment (The New York Times) McCabe memos say Rosenstein considered secretly recording Trump (The Washington Post) Quick Notes on the Rosenstein Revelations (Lawfare blog)






















How Putin's Oligarchs Got Inside the Trump Team (Time)

The Planners Of The Trump Tower Meeting Moved Millions, And Mueller Is Now Investigating: Documents show suspicious transfers began six days before the controversial meeting. (BuzzFeedNews)

Trump’s Ex-Lawyer Is Said to Have Proposed Diverting Funds to Manafort and Gates (The New York Times)




Poll: Brett Kavanaugh faces unprecedented opposition to Supreme Court confirmation (USAToday) Voters have turned against Kavanaugh (The Washington Post)

Trump Says if Attack on Kavanaugh Accuser Was ‘as Bad as She Says,’ Charges Would Have Been Filed (The New York Times) Trump asks why Christine Blasey Ford didn’t report her allegation sooner. Survivors answer with #WhyIDidntReport. (The Washington Post) #WhyIDidntReport: Survivors of sexual assault want you to know why they never went to police: The #WhyIDidntReport hashtag sprung up in response to criticism of Christine Blasey Ford’s failure to report an assault against Supreme Court nominee Brett Kavanaugh decades earlier (The Atlanta Journal Constitution) #WhyIDidntReport inspires survivors of sexual abuse in defiance of Trump: "I never filed a police report and it took me 30 years to tell my parents," the actress Alyssa Milano tweeted. (NBCNews) I was sexually assaulted. Here’s why I don’t remember many of the details. by Patti Davis, daughter of Ronald Reagan (The Washington Post) Trump's attack on Kavanaugh's accuser creates a nightmare scenario for the GOP (CNBC)

























Kavanaugh ally's bizarre mistaken identity theory about sexual assault accusation blows up in his face (CNBC) Conservative activist Ed Whelan apologizes for insinuating a Kavanaugh doppelgänger assaulted Ford: The tweets were deemed a “stunningly irresponsible” defense of Brett Kavanaugh. (Vox) The Kavanaugh doppelganger theory shows how far the right has descended into madness (The Washington Post)

[Posted yesterday:]



[Thread from today:]



Nearly 50 Yale Law faculty members call for FBI to probe allegation against Kavanaugh (The Hill blogs) Open Letter to Senate Judiciary Committee from Yale Law Faculty [from which Kavanaugh was graduated] (Yale Law School)

Kavanaugh Bears the Burden of Proof: The question isn’t whether he can win confirmation—it’s whether he can defend against the charge he faces in a manner that is both persuasive and honorable. by Benjamin Wittes (The Atlantic)







‘Kavanaugh will be on the U.S. Supreme Court’: McConnell just erased any doubt about Republicans' intentions to hear Ford out (The Washington Post)

[Thread:]






The Senate really is in play, and is shifting toward Democrats (The Washington Post)

GOP lawmaker's siblings endorse Dem opponent: 'Difficult to see my brother as anything but a racist' (The Hill)




     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.

Thursday, September 20, 2018

Thursday roundup (09-20-18)

Italy's government allies seek higher deficit to spur growth (Reuters) Keep your debt under control, EU's Moscovici tells Italy (Reuters)

China Is Hitting Reality Now on ‘Impossible’ Tax, Deficit Goals (Bloomberg)

Ballooning debt threatens U.S. economic stability: ex-FDIC Chair Bair (Reuters)

Trump doesn't talk as much about trade deficits anymore. Maybe because they're getting worse (The Los Angeles Times)

Aerial Photos Reveal the Devastation Left by Florence (Gizmodo)

[Meanwhile] Despite Trump’s ‘Great’ Cleanup, Puerto Rico Is Still Reeling: The president boasts of his response to Hurricane Maria, but people continue to struggle. (Bloomberg)  'No doubt' almost 3,000 died due to Hurricane Maria, Puerto Rico governor says (The Hill)

What would happen if Democrats had a majority (The Washington Post)

Michael Cohen spoke to Mueller team for hours; asked about Russia, possible collusion, pardon: Sources (ABCNews) Michael Cohen has reportedly talked about Trump to Mueller investigators: Questions said to include president’s business dealings with Russia [The Wall Street Journal via] (Marketwatch) Michael Cohen Is the Latest Former Trump Ally to Talk to Mueller: In the wake of Manafort’s plea deal, sources confirm that it is now common knowledge among Cohen’s inner circle that Trump’s former lawyer has been in contact with the special counsel’s office. (VanityFair)




Trump’s corruption is staining everything. Now it’s about to stain the Supreme Court. (The Washington Post)

Aides quietly stunned by Trump's respectful handling of Kavanaugh accuser (CNN)

Trump claim that FBI can't probe Kavanaugh allegations is wrong, ex-officials say: Former government officials from both parties questioned the GOP's argument against FBI involvement in the high-profile controversy, which Kavanaugh's accuser has requested. (Politico)







Christine Blasey Ford Opens Negotiations on Testimony Next Week (The New York Times) Republicans, be forewarned: Kavanaugh’s accuser has options (The Washington Post) Four reasons why Christine Blasey Ford’s credibility keeps rising (The Washington Post) How Strong Does the Evidence Against Kavanaugh Need to Be?: Even if it wouldn’t support a criminal conviction or civil liability, a merely credible allegation is enough to disqualify him. (The New York Times)







[Thread:]









[Former Federal Prosecutor:]



‘These are the stories of our lives’: Prep school alumni hear echoes in assault claim (The Washington Post) Former Student: Brett Kavanaugh’s Prep School Party Scene Was A ‘Free-For-All’: "It’s just a bunch of kids just going off the rails." (HuffPost) In the ’80s, boys’ prep schools like Kavanaugh’s could be bastions of misogyny: I went to an elite high school down the road from his. Here’s what I saw. (The Washington Post)

[Thread:]






Yale Law dean: Reports that professor groomed female clerks for Kavanaugh 'of enormous concern': Yale Law School Dean Heather Gerken wrote that she wanted to "address the press reports today regarding allegations of faculty misconduct." (NBCNews)




Evangelical Leaders Are Frustrated at G.O.P. Caution on Kavanaugh Allegation (The New York Times) Franklin Graham: Attempted rape not a crime. Kavanaugh "respected" his victim by not finishing. (DailyKos)

Poll: More Americans oppose Kavanaugh confirmation than support it: Brett Kavanaugh is first Supreme Court nominee below water in the history of the NBC News/Wall Street Journal poll. (NBCNews)




Wells Fargo plans to cut up to 26,500 jobs over three years (CNNMoney)

1,500 Layoffs If No Buyer For Remaining Shop 'n Save Stores: Schnucks bought 19 Shop 'n Save stores, but the future of 17 remains unclear. (KMOX)

     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.

Initial jobless claims (Weekly report, 09-20-18)

The purpose of this weekly post is to watch how initial jobless claims in the United States are trending (up or down) and to keep track of whether the numbers are holding below 500,000, which would indicate at least the appearance of a fairly healthy economic situation.

According to the report released today:

"Initial jobless claims, a rough proxy for layoffs, fell by 3,000 to 201,000 in the seven days ended Sept. 15 . . . the lowest level since Nov. 12, 1969." (Marketwatch)

SEE LAST WEEK'S POST HERE.

     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.

Wednesday, September 19, 2018

Wednesday roundup (09-19-18)

Trump Has Put the U.S. and China on the Cusp of a New Cold War (The New York Times)

Kim agrees to dismantle main nuke site if US takes steps too (The Associated Press)

Trump feels angry, unprotected amid mounting crises (The Washington Post)

Trump Attacks Sessions and F.B.I., Citing Conspiracy Theories (The New York Times)

Trump savages Jeff Sessions: 'I don't have an attorney general' (CNBC)






Trump: FBI Probe Is 'A Cancer,’ Exposing It Will Be Among His ‘Crowning Achievements’: The president's longstanding feud with the FBI on the Russia probe continued during an intense interview with The Hill. (HuffPost)




FBI, DOJ Plan Redactions Despite Trump’s Document Order (Bloomberg)




Why Manafort Must Have Something ‘Really Good’: A longtime federal prosecutor offers insight into the making of a plea deal. [Letter to the Editor] (The New York Times) Trump-proof aspects of Manafort deal rankle lawyers: Robert Mueller seems to have built in safeguards to discourage the president from pardoning Manafort. (Politico)

Republicans push to confirm Kavanaugh amid fears it will come at a political cost (The Washington Post)

Woman who accused Brett Kavanaugh of sexual assault wants FBI to investigate incident before she testifies to Senate (The Washington Post) Kavanaugh’s accuser deserves a fair criminal investigation (The Washington Post) Christine Blasey Ford Has No Reason To Lie. Brett Kavanaugh Has Many. (HuffPost) The allegations against Brett Kavanaugh are not simply a 'he said, she said' situation: Prosecutors look for corroborating evidence — and there are strong indications already that Christine Blasey Ford is telling the truth about her attack. by [former prosecutors] Mimi Rocah, Barbara McQuade, Jill Wine-Banks, Joyce White Vance and Maya Wiley (NBCNews)













Opposition to Kavanaugh grows, support at historic low: Reuters/Ipsos poll (Reuters)

Records: Chao government flights cost $94K (Politico)

Poll: Beto O'Rourke leads Cruz by 2 points in Texas Senate race (The Hill blogs)

     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.

Tuesday, September 18, 2018

Tuesday roundup (09-18-18)

China strikes back [at the Trump administration] with tariffs on $60 billion of US goods (CNN) For sheer idiocy, it’s hard to beat Trump’s crackdown on trade with China (The Washington Post)

North Korea’s Trump-Era Strategy: Keep Making A-Bombs, but Quietly (The New York Times)




Trump’s latest abuse of power is likely to blow up in his face (The Washington Post)




Trump’s Growing Legal Team Has a Problem: It’s Operating Partly in the Dark (The New York Times)

“Cut Bait”: As the Kavanaugh Nightmare Escalates, Trump Is Gripped with Uncertainty as Ivanka Suggests Cutting the Judge Loose: The threat of losing the House and Senate has stopped Trump from going scorched-earth on Christine Blasey Ford. If Trump antagonizes women voters, it could increase the odds Republicans would lose both houses in Congress. (VanityFair)

Kavanaugh accuser’s friend: She told me about incident in 2017 (The Hill)

Christine Blasey Ford feared an avalanche of attacks if she went public about Kavanaugh, friends say (The Mercury News of San Jose, California) Christine Blasey Ford Wants F.B.I. to Investigate Kavanaugh Before She Testifies (The New York Times)







["That's been a good thing for all of us, I think."]






Kavanaugh’s confirmation went seriously off track weeks ago (The Washington Post)

A former sex-crimes prosecutor analyzed Ford’s allegations against Kavanaugh. Here’s her take. (The Washington Post)

Brett Kavanaugh should withdraw his nomination for the good of the Supreme Court and the country: I'm a Republican and support Trump's judicial strategy but the perceived legitimacy of the court is more important than one man. by Evan Siegfried, regular guest on Fox (NBCNews)

     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.