Friday, March 24, 2017

Friday roundup (03-24-2017)

EU tells Italy to step up reforms to spur growth (Reuters)

Poll finds unprecedented uncertainty among French voters before presidential election [Reuters via] (CNBC)

OECD sounds the alarm on China's soaring corporate debt (The Hill blogs)

‘Hello, Bob’: President Trump called my cellphone to say that the health-care bill was dead [in the United States House of Representatives] (The Washington Post) Republicans Admit Defeat On Health Care Bill: 'Obamacare Is The Law Of The Land' (National Public Radio) The Republicans Fold on Health Care: The House abandoned its legislation to repeal and replace the Affordable Care Act, handing President Trump and Speaker Paul Ryan a major defeat. (The Atlantic)

Republicans never wanted to kill Obamacare (The Boston Globe) It may sound crazy, but the GOP really wants its healthcare plan to fail [March 10; posted on this blog] (CNBC) 'It is one of the worst bills I have seen': Conservatives continue attacks on 'Trumpcare' judgment day (The Business Insider)

Trump says Republicans will likely turn to tax reform after Obamacare vote failure (CNBC) [But will it be easy?] Failure to Repeal Obamacare Would Endanger Tax-Cut Goals, Some in GOP Warn [March 21] (Bloomberg) What happens to tax reform if Obamacare repeal doesn't pass? [March 23] (CNNMoney) Fox's Stuart Varney Loses His S**t: 'The Republican Party Is A Disgrace' (Crooks and Liars blog)

Tillerson Will Go to Rescheduled NATO Meeting After Criticism (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.

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