Friday, September 22, 2017

Friday roundup (09-22-2017)

Europe's Foreign Debt Binge Could Push U.S Rates Lower (Dow Jones Newswires)

U.S. and Russia hold secret talks "somewhere in Middle East" (Axios) Trump’s Plan to Fight ISIS With Putin Isn’t Just Futile. It’s Dangerous.: There's no way to go to war alongside the Russian army without dragging American troops down. (Politico)

In 36 Months, America Will Face a $1 Trillion Budget Deficit. Do Voters Care? (Fortune)

The United States just hit $20 trillion in debt. Republicans have a plan to make it worse (The Washington Post blogs)

McCain Announces Opposition to Republican Health Bill, Likely Dooming It (The New York Times) McCain Comes Out Against GOP Health Care Bill (NBCNews) [McCain's insistence on] ‘Regular order’ may have just killed GOP’s Obamacare repeal. So what is it? (The Washington Post) Sen. Collins says she’s leaning ‘no’ on Graham-Cassidy health care bill: The Republican from Maine lists serious deficiences in her party's latest effort to repeal and replace the Affordable Care Act. (The Press Herald of Portland, Maine)

The heads of Medicaid in all 50 states are concerned about the latest Republican healthcare bill (The Business Insider) Medicaid Directors From Red And Blue States Reject Graham-Cassidy Repeal (Talking Points Memo)

Behind New Obamacare Repeal Vote: ‘Furious’ G.O.P. Donors (The New York Times)

Aides warned Trump not to attack North Korea's leader personally before his fiery U.N. address (The Los Angeles Times)

Mueller bears down on Manafort (The Hill) Manafort Working on Kurdish Referendum Opposed by U.S. [Sept. 20] (The New York Times) At height of Russia tensions, Trump campaign chairman Manafort met with business associate from Ukraine [June 19] (The Washington Post) Before Trump job, Manafort worked to aid Putin [March 22] (The Associated Press) Authorities looked into Manafort protégé: An associate of an ex-Trump campaign chairman is suspected of connections to Russian intelligence. [March 8] (Politico) ODNI Releases Report on "Assessing Russian Activities and Intentions in Recent US Elections" [Jan. 6] (Lawfare blog) Manafort’s man in Kiev: The Trump campaign chairman’s closeness to a Russian Army-trained linguist turned Ukrainian political operative is raising questions, concerns. [Aug. 18, 2016] (Politico) Secret Ledger in Ukraine Lists Cash for Donald Trump’s Campaign Chief [Aug. 14, 2016] (The New York Times) Trump campaign guts GOP’s anti-Russia stance on Ukraine [July 18, 2016] (The Washington Post)

Mnuchin’s Incomplete Treasury Staff Could Be a Risk in Crisis (Bloomberg)

Trump is assembling the most male-dominated government in decades: A new analysis shared exclusively with the Guardian has found 80% of nominations for top jobs in the Trump administration have gone to men (The Guardian)

Trump aides begin looking for the exits: After a wave of high-profile White House departures this summer, staffers who remained are reaching out to headhunters to discuss their next moves. (Politico)

     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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