Mike Norman Economics

Critics fear it could become a bio-weapon.… The program, funded by the Defense Advanced Research Projects Agency (DARPA), has a warm and fuzzy name: 'Insect Allies'. But some critics find the whole thing creepy. A team of skeptical scientists and legal scholars published an article in the journal Science on Thursday arguing that the Insect Allies program opens a "Pandora's box" and involves technology that "may be widely perceived as an effort to develop biological agents for hostile...

This week, scientists and representatives from every country on Earth are gathering in South Korea to put the finishing touches on a report that, if followed, would change the course of history.The report is a roadmap for possible ways to keep climate change to 1.5 degrees C above pre-industrial levels. Anything beyond that amount of warming, and the planet starts to really go haywire. So the International Panel on Climate Change — a U.N.-sponsored, Nobel Peace Prize-winning assemblage of...

What a surprise.Zero HedgeUS Workers Only Receiving A Fraction Of Corporate Tax Cuts Tyler Durden

China's state-owned enterprises (SOEs) administrated by central authorities saw their profit surge in the first seven months this year, according to the state asset regulator.  China now has 96 central SOEs, down from 196 in 2003, as the central government has restructured central SOEs to improve their efficiency and competitiveness. From January to July, the 96 companies posted a total profit of 1.05 trillion yuan (about 152.8 billion U.S. dollars), up 23.9 percent year on year,...

How does a tariff work? A tariff is a tax on imported goods, so if a Chinese good is sold to an American, the American literally has to pay the tax. The quote above is from Mr. Trump, as recounted in Peter Coy’s “The Real Pain From Trump’s Tariffs Trickles Down to Consumers” in Bloomberg Businessweek; it clearly highlights the fact that either (1) Mr. Trump has no understanding of how tariffs work, or (2) he does understand, and he’s lying.... Trump is apparently assuming that the price...

As I always do I give the payroll number forecast for tomorrow's jobs report.

US foreign policy is being dictated by an American Jewish Zionist whose only concern is Israel, not the American people. What sort of democracy is this? Sheldon Anderson has dinner with Trump once a month, and is frequently on the telephone to him. He has donated $55 million to the Republican Party and thinks he owns it. He's up for nuking Iran! He should be put on trail and thrown in prison as he is a maniac who is a threat to all life on the planet. Public enemy No 1.The American (and...

We might all have the capacity to be geniuses, but we can't access the all the parts of the brain for this to happen. Could we all be born with immense intelligence, but only a few of us get the connections to activate this. We consider matter to be unconscious, but is there a link between matter and consciousness?Did we evolve the right way - I'm not saying predetermined by God - but did we evolved in sync with the universe, and like a seed, it was already built in for us to evolve in a...

Last week Washington threatened Iran, Syria, China, Venezuela and RussiaTerrifying, the US is out of control! The crazies are in command. The living dead run Washington. Oh, and Trump has accused China of meddling in the U S presidential election. Well, if the Democrats mannered to pull that stunt off, I guess the Republicans might as well jump onto the bandwagon. The nuclear war doomsday clock maintained on the Bulletin of Atomic Scientists website has advanced to two minutes before...

Part 1 continued from yesterday.Bill Mitchell – billy blogReflections on the 2nd International MMT Conference – Part 2Bill Mitchell | Professor in Economics and Director of the Centre of Full Employment and Equity (CofFEE), at University of Newcastle, NSW, Australia