Saturday, May 13, 2017

Saturday roundup (05-13-2017)

Germany can save the euro by bringing back the Deutsche mark (The Hill blogs)

[In the United States,] Trump meltdown sets off GOP alarms over 2018 midterm: A three-day party gathering highlights senior Republican officials grappling with a profoundly unstable White House. (Politico)

In four decades covering politics, Chris Wallace has never been more stunned than he was this week (Rare) (VidMe)

Trump must be impeached. Here’s why. by Laurence H. Tribe, Carl M. Loeb University Professor and Professor of Constitutional Law at Harvard Law School (The Washington Post)

Will Trump Be the First to Politicize the FBI?: Shortlist names like Kelly Ayotte and John Cornyn sound like ideal Washington department heads—until you realize why the FBI has never had a political leader. (Politico)

Trump’s Expected Pick for Top USDA Scientist Is Not a Scientist: Sam Clovis likely to be named undersecretary of the USDA department that manages research on everything from climate change to nutrition. (ProPublica)

Banks Are Failing Again in America: It doesn’t mean the broader economy is in trouble. But it’s bad news for the people already struggling. (Slate)

Hartford Moves Closer to Bankruptcy, Soliciting Proposals From Law Firms [May 9] (The Hartford Courant)

Cincinnati firm to lay off more than 500 workers (The Cincinnati Business Courier)

Where have all the insects gone? (Science)

     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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