Saturday, August 12, 2017

Saturday roundup (08-12-2017)

‘Toxic debt’ back in fashion (The Times of London)

Here’s what would happen if Trump ordered the [United States] military to nuke North Korea: No one could stop him. (Vox)

Trump barrage stuns McConnell and his allies (The Hill) Trump is torturing Mitch McConnell for sport. Here’s how McConnell can get revenge. (The Washington Post blogs)

Kelly considers further shuffling of West Wing staff, officials say: Steve Bannon's role is said to be under particular scrutiny in a review of communication and efficiency. (Politico) Trump gets a folder full of positive news about himself twice a day: It’s known as the “propaganda document” (Vice)

Pentagon's empty posts cause uncertainty for defense contractors (Reuters)

Interest in U.S. diplomatic corps tumbles in early months of Trump: The number of Americans taking the Foreign Service exam has fallen to the lowest in nearly a decade. (Politico)

Scott Pruitt Is Carrying Out His E.P.A. Agenda in Secret, Critics Say (The New York Times)

US Fossil Fuel Consumption Has Peaked, and Will Never Return (Medium)

The Grand Old Party’s Over. Make Way For The Trump Party.: The catastrophe that the Republican Party has brought down on itself with this president is of such a magnitude that it may never recover. (The Huffington Post)

Westinghouse furloughed 870 employees in fallout from the cancelled South Carolina nuclear project (The Pittsburgh Post-Gazette)

     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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