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Mike Norman Economics

“Normal” distribution?

Well if you moved the mouth of the funnel to the left edge, then the distribution would be skewed to the left so what?... more stochastic idiocy in action....The Galton Machine shows order from randomness. Each ball bounces left or right at random, 12 times, but together where they fall can be predicted - the normal distribution. This one made by: https://t.co/oI9wOGq7nG pic.twitter.com/VQtVu66OSE— Tom Stafford (@tomstafford) April 19, 2018

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Zero Hedge — Germany’s Largest Public TV News Broadcaster: Syria Chemical Attack “Most Likely Staged”

A senior correspondent for German state media broadcast ZDF heute stunned his European audience during a report from on the ground in Syria when he gave a straightforward and honest account of his findings while investigating what happened in Douma. The veteran reporter, Uli Gack, interviewed multiple eyewitnesses of the April 7 alleged chemical attack and concluded of the testimonials, "the Douma chemical attack is most likely staged, a great many people here seem very convinced." It...

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NK suspends nuclear and missile tests

More winning!!!!  Kim's definitely looking good for that invite to Mar-A-Lago if he keeps this type of thing going... North Korean leader Kim Jong Un suspends nuclear and missile tests, shuts down test site https://t.co/0jpctAgdsN pic.twitter.com/XTvo4bDsT9 — nzherald (@nzherald) April 20, 2018 Double trigger fingers!!!!

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John Quiggin — We are all socialists now

Socialism is much more than public ownership of productive enterprises. Still, if there is one policy that clearly distinguishes socialists from their (or rather our) opponents, it is support for public enterprise as a way of organizing large-scale production, and, in particular, as the preferred model for industries characterized by natural monopoly or other major market failures. The opposite view, dominant since the 1970s, is the market liberal framework that favors comprehensive private...

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Larry Elliott — World Bank recommends fewer regulations protecting workers

Reminder whose interests international institutions represent and open what basis. This time it's the World Bank, but it includes the IMF, Bank of International Settlements, and other institutions upholding market-centric interpretation of the Washington Consensus that favors "capital formation" as the foundation for growth. Workers are just another commodity priced in the market based on their monetary worth as the market determines the value of the labor power they offer. The World Bank...

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RT — Trump not Putin is greater threat to world peace – German poll

More than 90 percent of Germans want better relations with Russia, while more than three-quarters think US President Donald Trump represents a greater threat to world peace than Vladimir Putin, a new poll says.Painting Russia as a boogeyman and a threat to the West has been the narrative of both the mainstream media and a number of Western states for some time. Now, a poll conducted by the Forsa Institute on behalf of the Wiese Consult group has revealed a substantial difference between the...

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Asia Times China approves ambitious Xiongan New Area master plan

Creating the city of the future. A new blueprint was released Friday for a massive development that, if successful, will be merged with Beijing and nearby Tianjin into a megalopolis unlike any place in the world, and it sounds every bit as ambitious as promised. The vision at its core is to create a “new area” south of Beijing in Hebei province, which will serve as a testing ground for a new type of city fitted to industries of the future, while drawing residents away from the congested...

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