Tuesday, June 20, 2017

Tuesday roundup (06-20-2017)

3 ways Clean Energy will make Big Oil extinct in 12 to 32 Years — without subsidies: As the old world dies, a new world is being born (Medium)

Towards global deflationary recession (The Huffington Post)

EU Says Greece Needs More Debt Relief Despite Buffer (Bloomberg)

[In the United States,] Fed should be fighting deflation as prices fall for autos, commodities and now groceries (CNBC) Amazon Has at Least One Fed Official Rethinking Inflation (Bloomberg)

U.S. tightens sanctions on Russia over Crimea (CNNMoney)

How to Deal With North Korea: There are no good options. But some are worse than others. (The Atlantic) Obama told Trump that North Korea was most urgent problem he'd face: report [March 4] (The Hill)

What happened to Otto Warmbier? When the unthinkable is unknowable. (The Washington Post)

Why you should care about increasing secrecy in White House and Senate (CNN) The White House Press Briefing Is Slowly Dying: The daily appearance by the press secretary has become rarer, and moved off camera. Asked for an explanation, Steve Bannon said, “Sean got fatter.” (The Atlantic) In Trump’s Washington, public business increasingly handled behind closed doors (The Washington Post)

Fate of Obamacare repeal uncertain in Senate: GOP leadership is confident, but other Republicans are far less bullish. (Politico) Senate GOP speeding towards health care vote [on June 29, which is] next Thursday (CNN) Senate GOP leaders will present health bill this week, even as divisions flare (The Washington Post) Sen. Corker expects GOP Obamacare repeal bill will be made public Thursday (Politico) Senate GOP considers deeper Medicaid cuts than House bill (The Hill)

[Sen.] Dick Durbin [(D) of Illinois]: To Stop Healthcare Bill, 'The Magic Number Is Three' (Crooks and Liars blog) Trio of conservative Republicans [Ted Cruz, Mike Lee, and Rand Paul] rip Senate healthcare process (The Hill) Mike Lee [(R) of Utah]: Frustrated About 'Lack of Transparency in Healthcare Process' (Youtube)

State Department probes Clinton handling of government emails, could pull her security clearance (FoxNews)

A Disabled Executive: The Special Counsel Investigation and Presidential Immunities (Lawfare blogs)

Attorney General Jeff Sessions hires private lawyer (CNBC)

     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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