Watchdog: World’s Financial Structure ‘Unstable’ (Jeff C.)
The Bank for International Settlements said in its quarterly report that the global financial system is fundamentally unstable and could lead to a frightening chain reaction in the next crisis.
Imagine Trump’s America With Australia’s Severe Defamation Laws (Reader Steve)
From the New Republic: “Two cases down under show how lower libel standards silence accusers and the press, while protecting the wealthy and powerful.”
Hurricane Harvey Report Seeks to ‘Future-Proof’ Texas From Climate Change Without Saying So Directly (Judy)
The author writes, “To protect itself from the next major hurricane, Texas will have to build storm-surge barriers, shore up wetlands, buy out residents who live in vulnerable areas, rethink development plans and raise the first floors of existing buildings, suggests a sweeping report prepared for Gov. Greg Abbott and released Thursday.”
Trump Orders Rapid Withdrawal From Syria in Apparent Reversal (Jimmy)
The author writes, “Planning is underway for a ‘full’ and ‘rapid’ withdrawal of US troops from Syria, a US defense official told CNN Wednesday. The decision, which would be a reversal from previously stated US policy, was made by President Donald Trump, who has long signaled his desire to get out of Syria, the official added.”
Chuck Schumer Refuses to Endorse Medicare for All (Reader Luke)
The author writes, “Pressed by MSNBC’s Chuck Todd on whether he thinks it’s time for Democrats to unify around Medicare for All — which has the backing of 84 percent of Democratic voters — Schumer dodged, saying, ‘Look, Democrats are for universal access to healthcare, from one end of the party to the other.’”
‘Once an Amazonian, Always an Amazonian’: Former Pentagon Official’s Business Ties Draw Scrutiny (Jimmy)
The author writes, “A Silicon Valley start-up founder helped guide the US military’s cloud computing efforts as a Pentagon employee for more than a year, even though he had previously worked for Amazon’s cloud computing division, widely seen as a front-runner for a pending $10 billion cloud contract coveted by four of America’s biggest technology companies, computing giant Oracle alleged in a recent lawsuit.”
Sears Bankruptcy Court OKs $25 Million in Bonuses for Top Execs (Reader Luke)
The author writes, “Working for a bankrupt retailer still has it perks — at least if you’re among hundreds of high-level employees at Sears Holdings.”
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