Tuesday, August 8, 2017

Tuesday roundup (08-08-2017)

Darling: 'Alarm bells ringing' for UK economy (The BBC)

[In the United States,] Trump's 'fire and fury' threat to North Korea sparks new fears of war: Trump's comments drew a counter threat from North Korea, which said it is 'carefully examining' a preemptive strike on Guam. (Politico) Lawmakers slam Trump's 'fire and fury' toward North Korea (CNN) The Key to Countering North Korea Lies Offshore: China's demand that the U.S. cease joint naval exercises off the coast should be firmly rejected. (Bloomberg)

Trump White House weighs unprecedented plan to privatize much of the war in Afghanistan (USAToday)

Trump Is Losing His Battle With the Republican Party: The president’s major achievements all dovetail with longstanding GOP priorities, while nearly all of his distinctive policy proposals have stalled or failed. (The Atlantic)

What’s the Deal, Mr. Trump? [Editorial] (The New York Times)

Secrecy and Suspicion Surround Trump’s Deregulation Teams: ProPublica and The New York Times identify more possible conflicts of interest among appointees, as Democrats in Congress demand greater transparency from the White House. (ProPublica) Warren Blocks Trump’s Pick for Antitrust Chief (Bloomberg)

‘Trump Confidant’ Tells WaPo the President Only Has ‘Patience for a Half Page’ of Foreign Policy (Mediaite)

Japan Display may seek outside investor for turnaround: Nikkei [cutting 3,500 jobs] (Reuters)

     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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