Thursday, May 18, 2017

Thursday roundup (05-18-2017)

Student Debt Rising Worldwide (YaleGlobal Online)

Greek Parliament Approves New Creditor-Demanded Cutbacks: Greece's government has secured parliamentary approval for a new batch of creditor-demanded measures that will impose further income losses on austerity-weary Greeks over the next three years but pave the way for a modest debt relief deal. (The Associated Press)

Japan's GDP growth masks stubborn deflation woes: Consumption rebounds but wages remain flat (Nikkei)

[United States] House May Be Forced to Vote Again on GOP's Obamacare Repeal Bill (Bloomberg)

Trump campaign had at least 18 undisclosed contacts with Russians: sources (Reuters)

Special counsel Robert Mueller is bad news for Trump’s embattled White House (The Washington Post) Advisers Urge Trump to Hire Outside Lawyer in Russia Inquiry (The New York Times)

Trump Gave Russians Secrets News Orgs Are Being Asked To Withhold (NBCNews)

The Latest Trump Controversy Shows Why Israel Is Not a Charity Case (National Review)

Donald Trump's White House Staffers Are Reportedly Putting Out Feelers for New Jobs (GQ)

‘People are in meltdown mode’: Inside the Republican donor class panic about Trump (McClatchy Washington Bureau)

Trump Says He Faces ‘Witch Hunt,’ Special Counsel ‘Hurts the Country’ (NBCNews)

The Relentless Bias Against Donald Trump (Medium)

Steven Mnuchin Says Breaking Up Commercial Banks and Investment Banks Would Be A Huge Mistake (Breitbart) 'Orwellian' and 'Bizarre': Warren Skewers Mnuchin for Doublespeak on Breaking Up Banks: While campaigning, Donald Trump frequently said he'd support the reinstatement of Glass-Steagall (Common Dreams) Elizabeth Warren GRILLS Steve Mnuchin On Glass-Steagall Reversal (Youtube)

Household Debt (The Big Picture blog)

400,000 were promised student loan forgiveness. Now they are panicking (CNNMoney)

     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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