Tuesday, May 16, 2017

Tuesday roundup (05-16-2017)

Italy's debt rockets to record high and GDP growth slumps: THE EU has been plunged into further financial chaos after Italy's national debt soared to a record high. (The Express)

Greek debt relief up to ministers [in May 22 meeting] after euro zone, IMF officials fail to break deadlock (Reuters)

Israel demands explanation from White House after spat over Trump trip (FoxNews) Israel 'shocked' over Trump aide's Western Wall comments (CNN) Donald Trump's Visit to Israel: Everything You Need to Know (Haaretz)

US allies taken aback by intel sharing revelation (CNN)

Trump's disclosure endangered spy placed inside ISIS by Israel, officials say (ABCNews) Jake Tapper Rips Trump Officials For Revealing To Russia What They Told CNN To Conceal (Crooks and Liars blog)

Trump ISIS Leak to Russia Could End Israel-U.S. Intelligence Sharing (Newsweek) Israel Said to Be Source of Secret Intelligence Trump Gave to Russians (The New York Times) U.S. Intelligence Officials Reportedly Warn Israeli Counterparts Against Sharing Info With Trump Administration: Shared information could be leaked to Russia and onward to Iran, American officials implied to Israelis in closed meeting, saying Kremlin has 'leverages of pressure' over Trump, Ronen Bergman reports. (Haaretz)

The Terrible Cost of Trump's Disclosures: The consequences of the president’s reported divulgence of top-secret codeword information to the Russians are only beginning. (The Atlantic) This is why Trump’s loose tongue has compromised U.S. security (The Washington Post)

Republicans may be reaching their breaking point with Trump: There was a distinct shift among GOP lawmakers after news that the president allegedly pressured James Comey to drop an FBI investigation. (Politico) Hill Republicans alarmed by Trump disclosure to Russians: Sen. John McCain calls reports that the president disclosed highly classified information 'deeply disturbing.' (Politico) McCain: Trump Scandal Has Hit ‘Watergate Size’ (The Daily Beast) Republicans Demand More Detail on Trump’s Meeting With Russians (The New York Times) Lawmakers to Trump: Turn over transcript of meeting with Russians (The Washington Post)

9 times Trump criticized others for mishandling classified information (Politico)

[In Russia investigation, Republican Rep.] Jason Chaffetz Says He’s ‘Ready’ To Subpoena James Comey Memo: “If the memo exists, I need to see it and I need to see it right away.” (The Huffington Post) Comey Memo Says Trump Asked Him to End Flynn Investigation (The New York Times)

Former Bush official warns against serving in Trump admin (CNN) [Related commentary:] When will Republicans apologize to Hillary Clinton? ["How far will the fire have to spread before Republicans decide it is every GOP candidate for himself or herself — whatever the consequences for Trump?"; The Hill via] (FoxNews)

Following advice, potential FBI chiefs steer clear of job under Trump (Reuters)

Banks, making record piles of cash, plead for 'much-needed regulatory relief' (The Los Angeles Times)

Ford gets ready to cut [about 20,000] jobs (CNNMoney) Ford to cut North America, Asia salaried workers by 10 percent: source (Reuters)

     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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