Saturday, July 22, 2017

Saturday roundup (07-22-2017)

[In the United States,] Republicans face two unpalatable options on replacement healthcare bill: After a six-month debate and seven years of promising they would repeal the Affordable Care Act, Republicans don’t have many good options left to pass a bill (The Guardian)

Congress Reaches Deal on Russia Sanctions, Setting Up Tough Choice for Trump (The New York Times)

Yes, Trump Could Pardon Himself. Then All Hell Would Break Loose: It’s never been tried. Here’s how it could blow up his presidency, or blow up the system. (Politico)

Don't Count on Institutions to Temper Trump: Personnel can be replaced and investigations subverted. (BloombergView)

Republicans Need to Prepare for the Worst: Expect the impossible. (Commentary)

Former spy chiefs tear into Trump: John Brennan and Jim Clapper trash Trump for his relations with Putin, attacks on intelligence community. (Politico)

     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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