Thursday, July 27, 2017

Thursday roundup (07-27-2017)

[In the United States,] The norms of government are collapsing before our eyes (The Washington Post)

Senate Republicans hope their own Obamacare repeal won't become law: GOP senators want assurances the health bill they pass will serve as a start to negotiations with the House. (Politico) Insurers are not loving Senate's 'skinny repeal' plan (CNNMoney) The ‘Skinny Bill’ Is a Farce. Here’s the Real Reason Republicans Are Doing It. (New York)

Sessions says he's not stepping down despite Trump's criticisms (The Associated Press) Allies Warn Trump of Conservative Revolt Unless He Backs Off Sessions (The New York Times) Sessions' powerful friends stand up to Trump: The attorney general's former colleagues in Congress, as well as conservative allies, publicly questioned the president's attacks on Sessions. (Politico) Kenneth Starr: Mr. President, please cut it out (The Washington Post)

Graham: Firing Mueller would be 'beginning of the end' of Trump's presidency (Politico)

Scaramucci unleashes profanity-filled rant against fellow Trump aides Priebus, Bannon (CNBC) Anthony Scaramucci Called Me to Unload About White House Leakers, Reince Priebus, and Steve Bannon: He started by threatening to fire the entire White House communications staff. It escalated from there. (The New Yorker) Scaramucci fast accruing power in White House (The Hill) Anthony Scaramucci tweets and deletes a cryptic message about leakers that also seemed to call out Reince Priebus (The Business Insider) Scaramucci: 'If Reince wants to explain he's not a leaker, let him do that' (CNN) The Trump White House just went full reality TV (The Washington Post)

Trump advisers eyeing possible Priebus replacements (ABCNews)

White House official: I'm getting concerned for my safety (FoxNews)



More Turmoil at the National Security Council: The NSC’s top official for the Middle East was abruptly dismissed on Thursday. (The Atlantic)

Trump administration threatens retribution against Alaska over Murkowski health votes (Alaska Dispatch News) Republican Congressman Defends Trump's Attack on Sen. Lisa Murkowski: 'Snatch a Knot in Their Ass' (Jezebel)

Boy Scouts Apologize Over President Trump’s Remarks at Jamboree (The New York Times)

A trifecta of criticism for President Trump with this message: Change your behavior (The Washington Post)

$382 Billion in Underfunded Corporate Pensions (The Big Picture blog)

Elizabeth Warren unloads on Trump's pick to lead Fed bank regulation (The Business Insider) Fed nominee Quarles: Time to step back from some banking regulations (CNBC)

GE to Cut 575 Jobs at Century-Old Locomotive Plant (Bloomberg)

     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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