Thursday, January 17, 2019

"President Trump Directed His Attorney To Lie To Congress" (Buzz Feed News) (01-17-19)

President Trump Directed His Attorney To Lie To Congress About The Moscow Tower Project: Trump received 10 personal updates from Michael Cohen and encouraged a planned meeting with Vladimir Putin. (BuzzFeedNews) Judiciary Dems seize on report that Trump told Cohen to lie before Congress (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.

Thursday roundup (01-17-19)

US officials debate lifting tariffs on China to get a trade deal: WSJ (CNBC)

Inside the room: Trump losing patience with Afghanistan war (Axios)

Thousands of Furloughed Federal Workers File for Unemployment Benefits (The New York Times)

As [US Government] Shutdown Drags On, Some Step Up to Help Unpaid Federal Workers (The New York Times) New York FBI Has Started An Unofficial 'Food Bank' For Unpaid Agents During Government Shutdown (Fortune)

Trump boxed in by right-wing media as government shutdown drags on (CNNBusiness)

Trump strikes back at Pelosi as shutdown fight hits new low: The president abruptly yanks Pelosi's international trip after she pulled a power play by postponing his SOTU address. (Politico) Trump says he’s canceling Pelosi’s foreign trip a day after she asked him to delay his State of the Union speech (The Washington Post) Trump denies Pelosi aircraft for foreign trip, after call for State of the Union delay (FoxNews)




Schiff: ‘Utterly Irresponsible’ For Trump To Announce Pelosi’s Plans To Travel ‘To A War Zone’ (TalkingPointsMemo) Trump is fraying nerves inside the Pentagon (CNN)







White House cancels US delegation trip to the World Economic Forum in Davos hours after throwing wrench into congressional trip to Afghanistan (The Business Insider)

[But] First lady Melania flies to Florida on government jet after Trump postpones Speaker Nancy Pelosi's trip to Afghanistan due to shutdown: Report (CNBC)




Nancy Pelosi is lying about the State of the Union (The Washington Post)

Rudy Giuliani just totally contradicted 18 months of 'no collusion' talk from Donald Trump (CNN) Giuliani’s walkback: No collusion. Well, maybe some collusion. (The Washington Post)










Michael Cohen does not dispute [Wall Street Journal] report that he paid tech firm to rig polls for Trump (The Washington Post)




Former Trump lawyer reconsidering plan to testify to Congress - adviser (Reuters)




Trump startled by cozy Barr-Mueller relationship (CNN)

Thousands more migrant kids separated from parents under Trump than previously reported: A government report says thousands more migrant children were separated from parents under Trump than reported and whether they were reunified is unknown. (NBCNews)




After butting heads with Trump administration, top HUD official departs agency (The Washington Post)




Another blow to Trump’s self-enrichment scheme (The Washington Post)

Nissan to cut up to 700 contract workers in Mississippi (The Associated Press)

Thirty-One Gifts to lay off 620 locally starting in March (The Columbus Dispatch)

     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, 01-17-19)

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 way to measure layoffs, declined by 3,000 to 213,000 in the seven days ended Jan. 12." (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, January 16, 2019

Wednesday roundup (01-16-19)

Theresa May's government survives a no-confidence vote after its crushing Brexit defeat (CNBC)

Bolton’s Big Iran Con [Jan. 12] (DefenseOne)

ISIS Attack in Syria Kills 4 Americans, Raising New Worries About Troop Withdrawal (The New York Times) Suicide blast kills four Americans in Syria, a sign of remaining extremist danger (The Washington Post) The casualties in Syria show that Trump’s policies are leaving our troops exposed (The Washington Post)

[Hours after the attack claimed by ISIS:]















Get Ready for Mueller’s Phase Two: The Middle East Connection: The ‘Russia investigation’ is set to go global. In court filings due to drop in 2019, prosecutors will unveil Middle Eastern countries’ attempts to influence U.S. politics. (The Daily Beast)




Trump says a border wall would ‘help stop drugs.’ El Chapo’s smugglers suggest it won’t. (The Washington Post)

[Speaker of the US House of Representatives Nancy] Pelosi Asks Trump to Reschedule State of the Union Amid Shutdown (The New York Times) Nancy Pelosi just pulled a major power move on Donald Trump's State of the Union (CNN)







Federal Workers Are Yanking Money Out of Retirement Accounts (Bloomberg)




If the [US government] shutdown lasts two more weeks, the cost to the economy will exceed price of Trump's wall (CNBC)

In a Month You’ll Wish the Shutdown Were Only as Bad as Today (Bloomberg)

In a West Wing in Transition, Trump Tries to Stand Firm on the Shutdown (The New York Times)

Trump and Putin Have Met Five Times. What Was Said Is a Mystery. (The New York Times)

Michael Cohen fears Trump rhetoric could put his family at risk: Sources (ABCNews)

Trump judge nominee, 36, who has never tried a case, wins approval of Senate panel (The Los Angeles Times)

Watchdog: Federal property managers ignored whether Trump hotel lease violated Constitution (USAToday)

Efforts To Expand Drilling In Arctic Interior Press Ahead During Shutdown (National Public Radio)

Sears reaches deal with Chairman Eddie Lampert to save company and roughly 400 stores (CNBC) Sears employees upset over Lampert’s bid win (FoxBusiness) ‘I Have No Hope.’ Sears Workers Are Worried About Their Jobs After Eddie Lampert’s Takeover [Money, via] (Yahoo!Finance)

     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, January 15, 2019

Tuesday roundup (01-15-19)




Trump Doesn’t Want Alliances Like NATO, He Wants U.S. Soldiers to Be Guns for Hire: From Europe to the Korean Peninsula, Trump insists countries pay more for the U.S. troops. Meanwhile Putin, Xi Jinping, and Kim Jong Un enjoy the spectacle of shattering alliances. (The Daily Beast)




Theresa May lost the Brexit deal vote. Now she has to fight to keep her job.: May’s government faces a no-confidence vote on Wednesday. (Vox) Brexit vote: British Parliament rejects Theresa May’s Brexit deal, leaving withdrawal from E.U. and prime minister’s political future in doubt (The Washington Post) Theresa May's historic Brexit defeat opens the door to the extreme (Axios)

Trump administration doubles estimate of [US government] shutdown cost to economy from original forecast: Source (CNBC)

Air traffic controller union official says if shutdown continues there won’t be any workers left (The Hill)

42,000 Coast Guard members miss first paycheck due to government shutdown: "The Congress can’t get their act together. The president can’t get their act together, but your community will take care of you," one Coast Guard spouse said. (NBCNews)




Special counsel Robert Mueller and Trump campaign official Rick Gates again ask for delay in sentencing because he is cooperating in 'several' probes (CNBC)

Court Blocks Trump Administration From Asking About Citizenship in Census (The New York Times) Federal court calls out Wilbur Ross, nixes census citizenship question (The Washington Post)

M&S to axe 1,000 jobs as it closes more stores (Marketwatch)

     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.

Monday, January 14, 2019

Monday roundup (01-14-19)

Trump Discussed Pulling U.S. From NATO, Aides Say Amid New Concerns Over Russia (The New York Times)




‘They screwed this whole thing up’: Inside the attempt to derail Trump’s erratic Syria withdrawal (The Washington Post)




Trump and lawmakers paralyzed over [US government] shutdown as both sides remain dug in (The Washington Post)







TSA may end the shutdown by Judd Gregg (R), former governor and three-term senator from New Hampshire (The Hill) Atlanta airport tells passengers to arrive 3 hours early to clear security (WSB) TSA security checkpoint at Houston airport to remain closed Monday due to staffing shortage (KTRK)

Transcripts detail how FBI debated whether Trump was 'following directions' of Russia (CNN) The FBI’s willingness to investigate Trump shows we still have the rule of law (The Washington Post)



















Trump denies ever working for Russia, blasts investigators (The Associated Press)

Subpoena the Interpreter: There are real costs to such a move—but the public needs to know what was said between Trump and Putin. (The Atlantic) Trump and Putin’s Cone of Seclusion: It’s not just unusual that there are no notes from Trump’s meetings with Putin. It’s unprecedented. (Slate)

Mueller Probes an Event With Nunes, Flynn, and Foreign Officials at Trump’s D.C. Hotel: Devin Nunes has been a pitbull for the president, growling at the prosecutors investigating Trumpworld. Now an event that Nunes himself attended is under Mueller’s microscope. (The Daily Beast)

Michael Cohen Is Trump's 'Greatest Threat,' Defense Lawyer Lanny Davis Warns: The defense lawyer said Trump's "demonizing" of Cohen's family shows the president is scared. (HuffPost)




Rep. Elijah Cummings on Trump oversight: ‘We’ve got to hit the ground flying’: Oversight Committee has already sent more than 50 letters to the White House and federal agencies (RollCall)




Trump Says He Alone Can Do It. His Attorney General Nominee Usually Agrees.: William P. Barr has long espoused an unfettered vision of executive power. He may soon serve a president not known for self-restraint. (The New York Times)




White House says Ivanka Trump is not under consideration for World Bank chief but helping search (CNBC)

President Trump can't stop U.S. coal plants from retiring (Reuters)




Finding consensus on US gun control: Studies show that there is bipartisan agreement on some parts of a divisive issue. What's the motivating factor? (The Christian Science Monitor)

[Retired four-star Army general:]



     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.

Sunday, January 13, 2019

Sunday roundup (01-13-19)

Labour Vows Confidence Vote as May Faces Defeat Over Brexit (Bloomberg) MPs are plotting take control of the Brexit process, meaning Theresa May's government 'would lose its ability to govern' (The Business Insider)

WSJ: National Security Council Asked Pentagon For Iran Strike Options Last Year (TalkingPointsMemo)




Americans blame [US government] shutdown on Trump over Democrats by wide margin, poll finds (USAToday)

Pressure on Senate Republicans to break shutdown impasse grows (The Washington Post)

Government Shutdown Forces Houston Airport to Close TSA Checkpoint: The number of agents who called in sick across the country on Sunday more than doubled from the same day a year ago. (The Daily Beast)




Farm Country Stood by Trump. But the Shutdown Is Pushing It to Breaking Point. [Jan. 10] (The New York Times)

Trump dressed down Mulvaney in front of congressional leaders (Axios)




Trump’s border wall battle could soon give way to bigger fights with Democrats over Russia and impeachment (The Washington Post)

Trump, Putin and a Test of Presidential Power: The FBI worried that Trump was serving Russia’s interests. Turns out, Trump’s been burying records of his conversations with Putin. And he won’t give even Fox News a straight answer about any of it. (Bloomberg)

No president has ever been asked: Are you a Russian agent? (The Washington Post) The FBI can’t neutralize a security threat if the president is the threat (The Washington Post)




[Thread:]






Here are 18 reasons Trump could be a Russian asset (The Washington Post)




Top Democrats Warn Trump Over Comments on Michael Cohen (The New York Times)







How to Spot a Sociopath in 3 Steps: It helps to know some of the warning signs of sociopaths. (PsychologyToday)

[Last point in a thread:]



CEO exits as PG&E faces fire liabilities, bankruptcy preparations (Reuters) PG&E CEO to Leave With Utility at Brink of Bankruptcy (Bloomberg)

SpaceX Layoffs Include 577 Positions at California Headquarters (Bloomberg)

     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.