Friday, June 16, 2017

Friday roundup (06-16-2017)

[In the United States,] Governors from both parties slam House healthcare bill, call for bipartisan Senate approach (The Hill) Senate likely to miss its Obamacare repeal deadline: The prospects of Republicans meeting their deadline of a Senate health care vote before the end of the month are bleak — and growing more so by the day. (Politico) Descent Into Secrecy: Senate Health Talks Speak To Steady Retreat From Transparency (Kaiser Health News) The Senate’s Health Care Secrecy Is a Breathtaking Contempt for Democracy: Millions will suffer, for a tax cut. (Slate)

Prospect of Trump firing Mueller keeps becoming more untenable (The Washington Post) White House aides fret over Trump’s Russia probe obsession: The president can't stop talking about the expanding Russia probes, and advisers say they're worried he's making the situation worse. (Politico) Trump is hastening his own political death spiral (The Washington Post)

Trump reports hundreds of millions in income (CNNMoney)

Could Illinois be the first state to file for bankruptcy? (CBSMoneywatch)

Are States The Next 'Too Big To Fail'? (Investor's Business Daily)

     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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