Wednesday, June 21, 2017

Wednesday roundup (06-21-2017)

[In the United States,] G.O.P. Rift Over Medicaid and Opioids Imperils Senate Health Bill (The New York Times) GOP Health Bill Kept Secret From Senators Assigned to Write It (Bloomberg) Trumpcare Could Be Doomed As 7 Senate Republicans Are Reported To Be No Votes: There is a report that seven current Senate Republicans are no votes on the secret health care bill, while three others are undecided. (PoliticsUSA)

Trump seeks sharp cuts to housing aid, except for program that brings him millions (The Washington Post)

Scott Pruitt to eliminate 8 percent of Environmental Protection Agency workforce by September: In an effort to continue downsizing the regulatory agency, the EPA will soon shed 1,200 employees (Salon)

Tesco to cut up to 1,100 jobs with Cardiff customer centre closure (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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