Mike Norman Economics

Awesome! Home from home. And I hope they have real ale there too, drawn up from a traditional hand pump. You can't beat a drop of London Pride! [embedded content] Tianducheng, or "Sky Capital City," is a real estate development modeled after Paris, complete with its own Eiffel Tower. English real ale.  Inside a traditional English pub. My local. Just a two mile walk through the woods. I spent the best part off my youth in this one. Or this one.

Over the last decade, my colleague, University of California, Santa Barbara psychology professor Jonathan Schooler and I have developed what we call a “resonance theory of consciousness.” We suggest that resonance – another word for synchronized vibrations – is at the heart of not only human consciousness but also animal consciousness and of physical reality more generally. It sounds like something the hippies might have dreamed up – it’s all vibrations, man! – but stick with me. The...

India Punchline A game changer for India-China relationsUS, China tiptoeing toward trade deal M.K. Bhadrakumar | retired career diplomat in the Indian Foreign Service Middle East EyeErdogan: Khashoggi murder audio exists and has been shared with US and SauditelesurCorbyn Calls for Global Movement Against Inequality, Offers Support to Latin America's Left Axios Trump's new target: the electoral process Mike Allen Crooks and LiarsREMINDER: Many Right-Wingers Believe Michelle Obama Is A...

I wrote this in June. In the light of my blog on modern monetary theory today and the comment I made in it that the government must act as the borrower of last resort I think it appropriate to republish it. I do so knowing it contradicts modern monetary theory. Political judgement and the needs of financial markets suggests that doing so is appropriate for the reasons I note. Modern monetary theory is not, in other words, the answer in all cases: it can just inform the process in which a...

[embedded content] The propaganda battle for our hearts and minds has become increasingly sophisticated. Nowhere has this been demonstrated more clearly than over the war in Syria. Media that support regime change have peddled falsehoods as facts which have bounced politicians into taking aggressive military action. So how do we break a vicious cycle that allows the media to facilitate the wanton acts of the military industrial complex? Host Ross Ashcroft is joined by the former British...

An interesting interview with Anya Parampil. [embedded content]

The stock buy back con. Did economists ever believe that it would be profitable to shrink companies and under invest? Lots of people would like to start companies and see them grow, but why not just asset strip a company instead and make easy money? But the ruling elite dummy like it when Chinese companies zoom ahead because they invest in themselves. [embedded content] In the second half but Max Keiser and Ross Ashcroft make a convincing argument about why Britain should have stayed in...

Oh the hits they just keep on coming... its like these oil cartel SOBs worst nightmare...US innovation on the verge of doing to OPEC what it did to the USSRhttps://t.co/ekIxg6bK1s— Charlie Coleman (@chasecoleman3rd) November 9, 2018

Looks like OPEC Iran may be turning into another OPEC Venezuela... Mike Pompeo says Iran must listen to U.S. "if they want their people to eat" https://t.co/T3ARqujEkH pic.twitter.com/MRivXTQM0O — Newsweek (@Newsweek) November 9, 2018 ROW better figure out who they are dealing with now these days and quick... these are not oil people...

In China, healthcare has become one of the largest applications for artificial intelligence (AI). Companies from start-ups to tech giants are seizing the opportunity to apply AI solutions. A rapidly aging population is putting a lot of stress on China's healthcare system. The Chinese government has been looking to technology to solve the problem. One of the areas it sees real potential and room for growth is AI, with most of China's AI healthcare companies currently focused on medical...