Friday, May 5, 2017

Friday roundup (05-05-2017)

Republicans Just Voted to Take Away Health Care From Millions of People [in the United States]: The House Trumpcare bill could raise rates on people with preexisting conditions while cutting taxes for the rich. (Mother Jones) Senate wary on ‘Obamacare’ repeal, bumpy path ahead (The Associated Press) Senate GOP rejects House Obamacare bill: 'Any bill that has been posted less than 24 hours ... needs to be viewed with suspicion,' Sen. Lindsey Graham says. (Politco) Americans for Tax Reform Will Rate the Vote on AHCA, HR 1628 (Americans for Tax Reform)

It’s Not Too Late to Save Net Neutrality From a Captured FCC: The Trump-appointed FCC chairman has ushered in a virulent strain of market libertarianism. He can and must be stopped. (The Nation)

Feds shut down Guaranty Banks due to failure: The banks will be absorbed by First-Citizen Bank (WTMJ) Guaranty Bank, (d/b/a BestBank in Georgia & Michigan) of Milwaukee WI had a troubled assets ratio of 90.6 percent. (BankTracker)

State Farm to cut 600 jobs in Kalamazoo County (MLive)

Central Grocers files for bankruptcy, will lay off 550 at Joliet warehouse (The Chicago Tribune)

     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.

No comments:

Post a Comment