Thursday, May 25, 2017

Thursday roundup (05-25-2017)

'Putin will be thrilled': Former NATO ambassadors say Trump just dealt 'a major blow' to the alliance (The Business Insider) The Slight Heard 'Round the World: Trump's rude behavior at the NATO summit showcases the disrespect he reserves for our allies. (US News & World Report)

Why China’s Growing Debt Load Worries the World (The New York Times)

[In the United States,] GOP turns gloomy over Obamacare repeal: Senate Republicans leave for recess uncertain they can craft a plan that improves on the House bill and gets 50 votes. (Politico) GOP senators say tough report complicates health care bill (The Washington Post)

[Presidential Son-in-Law] Jared Kushner Now Under FBI Scrutiny in Russia Probe, Say Officials: NBC (NBCNews) Sources: Kushner Under Scrutiny By FBI as Part of Russia Investigation (NBC Nightly News)



Former Clinton Lawyer Thinks Trump Is Innocent of Criminal Activity [or more accurately, he says that he does not "see any evidence of any criminal intent"] (TownHall)

Appeals Court Will Not Reinstate Trump’s Revised Travel Ban (The New York Times)

US Consumer is De-leveraging [Mortgage Debt] (The Big Picture blog)

     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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