Saturday, July 29, 2017

Saturday roundup (07-29-2017)

Venezuela: How a rich country collapsed (CNNMoney)

[In the United States,] Trump threatens health insurance benefits for lawmakers (The Hill) [Meanwhile, on Fox ...] How Trump can win the ObamaCare fight: End the "friends and cronies" exemption for Congress (FoxNews) Trump threatens to end insurance payments if no healthcare bill (Reuters)

Trump: Senate Republicans ‘Look Like Fools’: President attacks GOP in confusing tweetstorm (RollCall)

Police Condemn Trump for Speech 'Condoning Law Enforcement Brutality' (Newsweek) U.S. police chiefs blast Trump for endorsing ‘police brutality’ (The Washington Post)

John Kelly, New Chief of Staff, Is Seen as Beacon of Discipline (The New York Times) In John Kelly, Trump gets a plain-spoken disciplinarian as his chief of staff (The Washington Post) West Wing waits to see if real change is coming: After months of chaos, President Donald Trump's aides wonder whether Priebus' replacement, Gen. John Kelly, can calm the famously mercurial president and defuse the rivalries among staff. (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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