Thursday, April 27, 2017

Thursday roundup (04-27-2017)

[United States President Donald] Trump says 'major, major' conflict with North Korea possible, but seeks diplomacy (Reuters) In an apparent shift, Tillerson says U.S. willing to hold direct talks with N. Korea (The Washington Post) Senators Leave [April 26] White House Briefing On North Korea Unsure About Why It Took Place: “I’m not quite sure why we went all the way down to the White House.” (The Huffington Post)

Trump says no plan to pull out of NAFTA ‘at this time’ (The Washington Post) ‘I was all set to terminate’: Inside Trump’s sudden shift on NAFTA (The Washington Post) Here are all the terrible things President Trump has said about NAFTA — before deciding to stick with it (The New York Daily News) Trump Backtracks on Steve Bannon’s Plan to Ditch NAFTA (Newsweek) Republicans tell Trump to hold up on NAFTA withdrawal (Politico)

John Kasich: Nothing works if we’re always fighting (PBSNewshour) (Youtube)

Economists Fear Trump’s Tax Plan Only Heightens a ‘Mountain of Debt’ (The New York Times)

Top Pentagon watchdog launches investigation into money that Michael Flynn received from foreign groups (The Washington Post) Former Bush ethics lawyer: Michael Flynn 'should lose his status' as a 3-star general (The Business Insider) George W Bush's ethics lawyer calls for Donald Trump's impeachment: White House refuses to hand over documents relating to former National Security Advisor's foreign payments (The Independent) Flynn’s former top deputy: I was ‘apoplectic’ when I learned about RT payment (Yahoo! News) Trump can’t escape the Flynn debacle (The Washington Post blogs) Obama fired Michael Flynn. Trump made him national security adviser. Guess who Spicer blames. (Daily Kos)

Warren 'troubled' by Obama's big Wall Street speech payday (CNN)

Federal probe of Fox News expands (CNNMoney)

ECB keeps interest rates, guidance unchanged as expected (Reuters)

Greece will need debt relief: Eurogroup head Dijsselbloem (Reuters)

     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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