Friday, May 19, 2017

Friday roundup (05-19-2017)

Monte Paschi Bailout Plan [in Italy] Faces ECB Pushback on Capital Concerns (Bloomberg)

Italy is the biggest political risk in Europe: Analyst (CNBC)

[In the United States,] Russia probe reaches current White House official, people familiar with the case say (The Washington Post)

Trump Told Russians That Firing ‘Nut Job’ Comey Eased Pressure From Investigation (The New York Times)

Recapping a stunningly bad two weeks for the Trump White House (The Washington Post) Shields and Brooks on the barrage of Trump revelations: Syndicated columnist Mark Shields and New York Times columnist David Brooks join Judy Woodruff to the discuss the week’s news, including the appointment of a special counsel to lead the Russia probe at the Justice Department, reports that President Trump shared sensitive intelligence from another country with Russian diplomats and how all of it affects the running of the government. (PBSNewshour) (Youtube)



What Donald Trump Needs to Know About Bob Mueller and Jim Comey: The two men who could bring down the president have been preparing their entire lives for this moment. (Politico) 4 Reasons Why Robert Mueller Is an Ideal Special Counsel: By temperament and experience, Mueller represents an antidote to the Trump administration’s defiant stance against the laws of the land. (The Nation)

Trump said to favor move that could destabilize Obamacare (Politico) States get involved in lawsuit to shield Obamacare, saying Trump can’t be trusted (The Washington Post)

     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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