Tuesday, July 18, 2017

Tuesday roundup (07-18-2017)

Eurozone on the ROCKS: Inflation PLUNGES further as ECB scrambles to save EU economy: EUROZONE inflation remains below target in an embarrassing development for the European Central Bank (ECB) which has pulled out all of the stops to kick the EU's economy into action. (The Express)

DAVID BLANCHFLOWER: The Fed's misleading view of the [United States] job market reflects 'a huge intellectual failure' (The Business Insider)

Student Debt Is a Major Reason Millennials Aren't Buying Homes: New York Fed economists blame student debt for homeownership woes (Bloomberg)

Latest health care bill collapses following Moran, Lee defections (CNN) Trump blindsided by implosion of GOP health care bill: While the president strategized with Republican lawmakers at the White House over steak, two senators were finalizing their statements tanking the current proposal. (Politico) GOP Tries to Regroup on Obamacare Repeal as Trump Lashes Out (Bloomberg)

[This was followed by a move simply to get rid of Obama care, with the result that:] GOP's repeal-only plan quickly collapses in Senate (The Hill) Two GOP senators to vote against ObamaCare repeal-only bill (The Hill) ‘Plan C’ on Obamacare, Repeal Now and Replace Later, Has Collapsed (The New York Times) 5 things Republicans have forgotten about governing (Marketwatch)

[Meanwhile,] Trump suggests Republicans will let ACA market collapse, then rewrite health law (The Washington Post)

[But then, just before the evening news, it was back to "Plan C":] McConnell: Senate [at the request of President Trump and Vice President Pence] to try to repeal ObamaCare next week (The Hill)

Trump’s grand promises to ‘very, very quickly’ repeal Obamacare run into reality (The Washington Post)

The coming Republican civil war over the budget resolution, explained [Vox via] (CNBC) House budget blueprint key to success of Trump tax agenda (The Associated Press)

Eighth man in Trump Tower meeting was linked to money laundering: Irakly Kaveladze, who met with Trump Jr. and Kushner, is linked to a Kremlin-friendly Russian oligarch through a network of shell companies. (Politico) Eighth person in Trump Tower meeting is identified (The Washington Post)

Trump and Putin Held a Second, Undisclosed, Private Conversation (The New York Times)

16 Things You Must Believe to Buy the ‘Witch Hunt’ Russia Narrative (National Review)

The Top Jobs in Trump’s Administration Are Mostly Vacant: Who’s to Blame? (The New York Times)

Trump Says He Has Signed More Bills Than Any President, Ever. He Hasn’t. (The New York Times)

Trump set out to uproot Obama's legacy. So far, that's failed (The Los Angeles Times)

Jeff Sessions Announces Justice Department Will Increase Asset Forfeiture: “No criminal should be allowed to keep the proceeds of their crime,” Sessions says of law that lets police take cash without charging anyone with a crime. (Reason blog) Jeff Sessions wants police to take more cash from American citizens (The Washington Post) White House dead wrong on asset forfeitures (The Washington Times)

Donald Trump's administration 'closes State Department office that investigates war crimes and genocide': Office of Global Justice has been working for 20 years to hold war criminals to account (The Independent) Tillerson to Shutter State Department War Crimes Office: Critics charge top U.S. diplomat with giving the green light to perpetrators of mass atrocities. (Foreign Policy)

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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