Wednesday, May 10, 2017

Wednesday roundup (05-10-2017)

Comey’s Firing Came As Investigators Stepped Up Russia Probe: FBI director had been providing updates to top members of the Senate Intelligence Committee (The Wall Street Journal) Days Before Firing, Comey Asked for More Resources for Russia Inquiry (The New York Times) Grand jury subpoenas issued in FBI's Russia investigation (CNN) Senate Intelligence Committee subpoenas Flynn for documents in Russia probe (CNBC) [versus] White House spokesperson: 'Time to move on' from Russia probes (The Hill)

Firing FBI director Comey is already backfiring on Trump. It’s only going to get worse. (The Washington Post) Preet Bharara says he’s “troubled by the timing and reasoning” about James Comey’s firing: The former U.S. Attorney joins Sally Yates and Comey as people who have been fired while investigating allies (Salon) Don’t Be Complicit, Republicans [written someone who served in the previous three Republican administrations] (The New York Times) Firing Fuels Calls for Independent Investigator, Even From Republicans (The New York Times) I worked with the FBI as a federal prosecutor. Trump is threatening the bureau’s independence. (The Washington Post) ‘Enough Was Enough’: How Festering Anger at Comey Ended in His Firing (The New York Times)

Bush's ethics lawyer: Comey's firing is 'worse than Watergate' (CNBC)

House Speaker Paul Ryan hopes Senate will pass health-care bill in 'a month or two' (CNBC) Going down: GOP's Obamacare replacement bill got less popular after it was passed (CNBC)

Senate unexpectedly rejects bid to repeal a key Obama-era environmental regulation (The Washington Post)

Warren Pushes Trump Administration on Plan to Break Up Megabanks (Bloomberg)

All of Trump’s campaign statements just vanished from his website. So let’s remember them. (The Washington Post)

Connecticut to drain reserve, cut spending to close budget deficit (Reuters)

Parexel will cut as many as 1,200 jobs worldwide (The Boston Globe)

     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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