Friday, July 21, 2017

Friday roundup (07-21-2017)

Here's why deeply flawed Western economic models are undermining the worst global recovery in history (CNBC)

U.S. State Department to clamp ban on travel to North Korea (Reuters) North Korean Defectors Are Using Google Earth to Identify Killing Sites and Mass Graves in Kim Jong Un’s Totalitarian State (Newsweek)

[At the United States Senate:] 'I don't even know what we're proceeding to next week.' Obamacare vote nears with key details still missing. (The Los Angeles Times) A clear guide to what the hell is going on with the Senate health care bill: 7 things you need to know. (Vox) Senate parliamentarian says some major BCRA elements subject to 60-vote threshold (CBSNews)

Intercepts suggest Sessions discussed Trump campaign matters with Russia envoy: report (The Hill) U.S. Intercepts Reportedly Contradict Attorney General On Russia Contacts (National Public Radio)

Trump's blast of Sessions has 'chilling' effect inside West Wing (CNN)

Sean Spicer resigns as White House press secretary after objecting to Scaramucci hire (CNBC) Scaramucci, back-slapping hedge-fund magnate and GOP fundraiser, reaches the White House (CNBC) Scaramucci sorry for calling Trump a 'hack' with a 'big mouth' in 2015 (CNNMoney)

Trump reshuffling legal team (CNN) Marc Kasowitz and Mark Corallo depart Trump's legal team (CBSNews) Trump's public Russia comments could cause legal headaches for him — and his kids: Investigators can use the president's interview to establish facts and intent, potentially creating stumbling blocks for others touched by the case and making it harder for the many lawyers involved to coordinate. (Politico)

Mueller Expands Probe to Trump Business Transactions (Bloomberg)

Trump team seeks to control, block Mueller’s Russia investigation (The Washington Post) Trump Aides, Seeking Leverage, Investigate Mueller’s Investigators (The New York Times) How White House Threats Condition Mueller’s Reality (Lawfare blog)

[But ...]

No, Trump can’t pardon himself. The Constitution tells us so. (The Washington Post)

We’re on the Brink of an Authoritarian Crisis: If Trump fires Robert Mueller or pardons himself, Republicans won't do a thing about it—and our democracy will be changed forever. (The New Republic) Trump team’s attacks on Mueller rattle Washington: The president and his allies have ramped up their warnings against the special counsel in recent days. (Politico)

Moscow lawyer who met Trump Jr. had Russian spy agency as client (Reuters)

Former CBO directors in both parties defend the agency after White House attacks (The Washington Post)

Trump axes 860 Obama regulations, 179 from ‘secret’ list (The Washington Times)

Towns sell their public water systems — and come to regret it (The Washington Post)

Endo to cut 875 jobs and close facilities in Alabama (Marketwatch)

     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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