Tuesday, April 11, 2017

Tuesday roundup (04-11-2017)

Eurozone industrial output falls unexpectedly (Marketwatch)

Italy greenlights plan to cut deficit by 3.4 bn euros (Agence France Presse)

Trump taxes: [United States] President scraps tax plan, timetable threatened (The Associated Press)

Trump's message to bankers: Wall Street reform rules may be eliminated (Reuters)

Why the GOP should be very worried about what’s happening in Kansas and Georgia (The Washington Post) A Special Election In Kansas Could Signal 'Big League' Problems For GOP, Trump (National Public Radio) Why Republicans Are Worried About Kansas (FiveThirtyEight)

The real reason for the White House infighting: Trump has no clear vision or agenda (The Washington Post blogs)

Why the Trump administration has so many vacancies: The process is bogged down by the involvement of top White House officials, turf wars and an inexperienced and overworked staff. (Politico) More delays in ambassador nominations, trainings (CNN)

Republicans avoid town halls after health care votes (USAToday)

Bebe to cut 700 jobs statewide as it moves retail online (The Orange County Register)

     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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