Sunday, July 30, 2017

Sunday roundup (07-30-2017)

EU explores account freezes to prevent runs at failing banks (Reuters)

Greek debt crisis: ‘People can’t see any light at the end of any tunnel’: The Greek government says the country has turned a corner, but that is not the experience of people on the ground (The Guardian)

Putin says U.S. will have to cut 755 from diplomatic staff in Russia (CBSNews)

U.S. says time for China to act on North Korea, Japan's Abe talks to Trump (Reuters) We Need a Radical New Approach on North Korea (The New York Times)

Dems pivot to offering ObamaCare improvements (The Hill)

Republicans Worry That White House Disarray Is Undermining Trump (The New York Times)

Can a president at war with both Republicans and Democrats govern? (USAToday)

Could Jeff Sessions be moved to the Department of Homeland Security? (FoxNews)

WHY THE SCARIEST NUCLEAR THREAT MAY BE COMING FROM INSIDE THE WHITE HOUSE by Michael Lewis (Vanity Fair)

Scott Pruitt's Crimes Against Nature: Trump's EPA chief is gutting the agency, defunding science and serving the fossil-fuel industry (Rolling Stone)

Netflix is carrying $20 billion in debt. Can it keep borrowing its way to success? (The Los Angeles Times)

July 2016: Unofficial Problem Bank list declines to 134 Institutions (Calculated Risk 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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