Tuesday, July 25, 2017

Tuesday roundup (07-25-2017)

[United States] Government Shutdown Odds Grow With GOP Border Wall Funding Bill (Bloomberg)

AP sources: Trump speaks to advisers about firing Sessions (The Associated Press) In Trump’s World, ‘Very Weak’ Sessions Twists in Wind (The New York Times) Sessions’ defenders take on Trump taunts: Democratic and Republican legal luminaries alike say Sessions had no other option than to step aside from the Russia probe — and it’s not the job of the attorney general to protect the president. (Politico)

This is not okay [Editorial] (The Washington Post)

Senators Vote To Proceed With Health Care Debate (National Public Radio) In the absence of an actual Obamacare replacement plan, the GOP votes to debate ... no bill at all (The Los Angeles Times) McCain urges senators to work together on healthcare in fiery speech (The Hill) In hero's return, McCain blasts Congress, tells senators to stand up to Trump (Reuters) John Boehner doesn't think Republicans stand a chance of passing health care (CNN)

House passes Russia sanctions bill, setting up veto dilemma for Trump (The Washington Post)

How Jared Kushner Helped the Russians Get Inside Access to the Trump Campaign (The New Yorker)

Scaramucci threatens 'to fire everybody' to stop White House leaks: The financier and longtime Trump surrogate, newly installed as communications director, is eager to shake up a press operation seen as loyal to chief of staff Reince Priebus. (Politico) This Is Not the Mooch I Know (The New York Times)

Wall Street is really psyched about Scaramucci—Here's why (CNBC)

Trump’s Boy Scouts speech broke with 80 years of presidential tradition (The Washington Post) Trump boy scout Jamboree speech angers parents (The BBC) Backlash After President Trump Uses Boy Scout Jamboree as Political Soapbox – and Encourages Them to Boo Obama (People)

1 million jobs on the line as Senate votes on health care (The Washington Post blogs)

Seagate Technology slashing 600 jobs (Fox Business)

     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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