Friday, July 7, 2017

Friday roundup (07-07-2017)

EU Rescue Fund Approves 8.5 Billion-Euro Aid Payout for Greece (Bloomberg) GREEK CRISIS: Huge pessimism as many believe economy may NEVER get better, poll reveals: GREEK citizens have grave concerns about their futures as the country continues to try to recover from the ongoing financial crisis, a new poll has revealed. (The Express)

UK economy suffers triple blow as trade deficit widens, industrial output falls and construction slows (The Telegraph)

How American Presidents Used to Speak Overseas: The president’s speech in Warsaw was notable for its seeming indifference to the American idea. (The Atlantic) An International Brotherhood of White Grievance: Trump's alt-right speech in Poland redefined the West in nativist terms, eschewing democratic idealism in favor of "blood and soil" nationalism. (The New Republic) The Racial and Religious Paranoia of Trump's Warsaw Speech: When the president says being Western is the essence of America’s identity, he’s in part defining America in opposition to some of its own people. (The Atlantic) Trump's speech in Warsaw (full transcript, video) (CNN)

GOP health care efforts lack a clear path forward as Congress returns (PBSNewshour) McConnell threatens to go rogue on health bill (CNBC)

Sears to close 43 more stores (CNNMoney)

Give Us Back Google News Classic Design #googlenews (Economic Signs of the Times blog)

     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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