Thursday, July 13, 2017

Thursday roundup (07-13-2017)

Credit card defaults [in the UK] jump at fastest pace since end of Great Recession (The Telegraph)

A decade after Great Recession, 1 in 3 Americans still haven’t recovered (CNBC)

Yellen backtracks: 'We can never be confident there won't be another financial crisis' (CNBC)

Elizabeth Warren begs Janet Yellen to go after Wells Fargo board (CNNMoney)

New Senate Republican Health Plan Struggles to Win Over Critics (Time) Revised Senate health-care bill still lacks the votes to pass (The Washington Post) Senate Republicans one vote away from Obamacare repeal failure: GOP leaders unveiled a new plan to gut the health law, but it immediately ran into near-fatal opposition. (Politico) Rand Paul sounds ready to kill the Senate health care bill: “As far as I can tell, the new bill is the same as the old bill.” (Vox) The New Senate Health Care Bill Is Still An Assault On The Safety Net: Big Medicaid cuts and weakened protections for people with pre-existing conditions remain at its heart. (The Huffington Post)

Trump crafting plan to slash legal immigration: Senior aide Stephen Miller has been working with conservative senators to make good on Trump’s campaign promise. (Politico)

The Deep History of the Radical Right’s Stealth Plan for America: A Q&A with author Nancy McClean about the elusive James McGill Buchanan. (Moyers & Company)

What to do with a broken Illinois: Dissolve the Land of Lincoln (The Chicago Tribune)

Give Us Back Google News Classic Design #googlenews (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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