Thursday, July 6, 2017

Thursday roundup (07-06-2017)

France risks sovereign debt shock: Bank of France (Marketwatch)

'Disrespecting the rules!' Eurozone crisis veteran’s fury at Italy’s 'troubling' bank bail: A veteran of the European banking crisis has criticised Italy’s bank bailouts branding its flouting of rules and the acquiescence of Brussels as ‘troubling.’ (The Express)

U.S. housing finance system 'unsustainable': Fed's Powell (Reuters)

The Trump Administration’s Voter-Suppression Plans Are Backfiring Badly: In an unprecedented show of bipartisan resistance, 48 states are refusing to hand over private voter data to Kris Kobach. (The Nation) Voter fraud commission may have violated law (The Hill)

Bannon’s back: Happiest person in Trump West Wing (Axios)

Perry mocked for incorrect use of 'supply and demand' (The Hill) Rick Perry offered a ‘little economics lesson.’ It didn’t go so well. (The Washington Post)

19 Dem attorneys general sue DeVos over rescinded student loan protections (The Hill)

Illinois finally gets a budget -- but it's still in big financial trouble (CNNMoney)

Microsoft to Cut Up to 4,000 Sales and Marketing Jobs (The New York Times)

Give Us Back Google News Classic Design #googlenews [updated] (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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