Friday, July 14, 2017

Friday roundup (07-14-2017)

Eurozone faces doom no matter how hard France and Germany try to save it, warns top investment bank (The Daily Mail)

Americans are cutting back on spending (CNNMoney) Americans are hoarding money in checking accounts (USAToday)

White House predicts budget deficit will hit $702 billion this year (The Associated Press)

Revised GOP healthcare bill succeeds at making things even worse (The Los Angeles Times) The new Senate health bill is terrible for anyone who is sick, has been sick, or will be sick: The revised Senate bill turns Obamacare into a high-risk pool. (Vox)

Trump set to bring in new attorney to manage response to Russia investigation (The Washington Post)

An ex-Soviet counterintelligence officer was in the Donald Trump Jr meeting (CNBC)

Columnist Charles Krauthammer Doubles Down On Trump Jr. Criticism: “This totally undermines a six-month story from the White House.” (The Huffington Post) Charles Krauthammer: 'Bungled Collusion Is Still Collusion' (Crooks and Liars blog)

Is This Fox News? Don Jr's Emails 'Badly Hurt Credibility Of Administration' (Crooks and Liars blog)

Trump’s Russian Laundromat: How to use Trump Tower and other luxury high-rises to clean dirty money, run an international crime syndicate, and propel a failed real estate developer into the White House. (The New Republic)

Illinois Budget That Saved It From Brink May Add to Pension Debt (Bloomberg)

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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