Thursday, January 26, 2017

Thursday roundup (01-26-2017)

Euro zone heading for trouble without more convergence: IMF (Reuters)

Eurozone pleads urgent solution to Greece debt impasse (Agence France Presse)

[In the United States,] Trump administration asks top State Department officials to leave (CNN) Report: Entire State Department Management Team Fired By Trump Admin (Talking Points Memo) 'I've never heard of anything like this': Former State Department officials say high-level resignations are 'a huge blow' (The Business Insider)

Mexico-U.S. tensions escalate after Pena Nieto cancels his trip to Washington and Trump seeks 20% import tax (The Los Angeles Times) Outraged Mexicans back Peña Nieto's decision to scrap visit with 'bully' Trump (USAToday) Mexico: We will not pay for Trump border wall (The BBC)

U.S. Border Patrol Chief Morgan asked to leave agency (Reuters) AP source: Border Patrol chief says he's been forced out (The Associated Press)

White House says Mexico border wall might be funded by tax on imports (The Washington Post) White House softens 20% border tax idea, calling it part of a 'buffet of options' (CNBC)

The wall is the least aggressive part of Trump’s executive actions on immigration: The biggest single-day changes to immigration policy in recent memory. (Vox) [Former United States Secretary of State] Madeleine Albright: 'I stand ready to register as a Muslim' (USAToday)

All of Trump’s executive actions so far: The new president is chipping away at Obama’s legacy, and he’s not waiting for Congress to do it. (Politico)

Steve Bannon: Media should 'keep its mouth shut' (CNNMoney) Breitbart News Tries to Go Mainstream: The scrappy, outsider publication has never enjoyed this much prominence—but it’s discovering that success brings its own challenges. (The Atlantic)

McMullin: Trump's attacks on media reveal authoritar... (Youtube)

     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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