Friday, June 2, 2017

Friday roundup (06-02-2017)

Why Troubles at a Midsize Italian Bank Worry the E.U. (The New York Times blogs)

Weak May jobs growth [in the United States] raises doubts about how much Fed can raise interest rates this year (CNBC)

U.S. House to vote on Republican Dodd-Frank reform bill next week (Reuters)

GOP senators offer downbeat predictions on Obamacare repeal (Politico) GOP senator: Healthcare deal unlikely this year (The Hill) GOP is running out of time, and options, to repeal and replace Obamacare (CNBC)

Trump travel ban's fate hinges on emergency U.S. high court request (Reuters) Trump Asks Supreme Court To Reinstate Travel Ban On 6 Majority-Muslim Nations (National Public Radio) Pence confident Supreme Court will uphold Trump's travel ban (FoxNews) The Supreme Court’s Options in the Travel Ban Case (The New York Times)

Trump misunderstood MIT climate research, university officials say (Reuters)

Why U.S. businesses said "stay in the Paris accord" (CBSMoneywatch)

Trump's withdrawal from Paris Agreement is smart politics, says former aide to George H.W. Bush. (CNBC) Trump's Paris rejection a defeat for deal's White House backers (The Hill) Inside Trump’s climate decision: After fiery debate, he ‘stayed where he’s always been’ (The Washington Post) The Paris climate decision is Trumpism in its purest form (CNN) The Left’s Unhinged Freakout over Trump’s Paris Accord Withdrawal (National Review)

Trump claims tax bill that doesn't yet exist is 'moving along' in Congress (Politico) Trump Brags About His Nonexistent Tax Plan (Youtube)

White House orders agencies to ignore Democrats’ oversight requests: Trump’s aides are trying to shut down the release of information that could be used to attack the president. (Politico)

     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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