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Mike Norman Economics

Gordon Rayner – Tories will not return £820,000 in Russia-linked donations, Philip Hammond says

Owen Jones - the so called socialist on the Guardian newspaper who stabbed Jeremy Corbyn in the back by withdrawing his support and criticising him in line with the Guardian's criticism of Corbyn only to champion him again when Corbyn rose in popularity - is criticising the Tory Party for taking donations from Russian oligarchs. This is what he say's -  Never mind ‘Corbyn the spy’, our governing party pockets millions from regimes that back extremism – and gets away with it. Well, there are...

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Bibek Bhandari — This is China’s happiest city

Ranking quality in indexes, such as happiness and quality of life is difficult, since quality must be quantified to do so in formal modeling, and quality involves subjectivity in a subject-object relationship. Even though difficult, it is worth doing in order to arrive at more comprehensive understanding of economics, which is supposedly about satisfaction ("utility") in a Utilitarian paradigm.Sixth ToneThis is China's happiest cityBibek Bhandari See also US News & World ReportBest...

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Aditya Chakrabortty – How a small town reclaimed its grid and sparked a community revolution

Aditya Chakrabortty talks about how German towns and districts are taking back the privatised public services into public ownership where the residents own the shares. He talks about an energy supplier which reduced prices while yielding good dividends for its local shareholders, but at the same time improved the service by doubling the staff required which then cut the district's unemployment rate. Well, beat that, libertarians.  But to see the real difference made by public ownership...

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Bill Mitchell — Europhile reform dreamers wake up – there will be no ‘far-reaching’ reforms

I have now escaped the near-Arctic chill and back to warmer climes for a little while. While I was in Finland though, the Finnish news media was agape over the – Joint Statement – released by 8 Finance Ministers from the smaller Northern EU Member States (March 6, 2018). The statement released by the finance ministers of Finland, Denmark, Estonia, Ireland, Latvia, Lithuania, the Netherlands and Sweden aired their views on how the Eurozone (EMU) might develop. Nobody should be under any...

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KV – Post removed from the Guardian

In an article called, Populists will eventually be found out – moderates must be ready for that day, by Andrew Rawnsley, I wrote a comment in response to a conservative and I told him that many moderate conservatives are anti-war too. I then told him to check out the American Conservative and the ex CIA whistle-blower, Kevin Shipp, but my post was removed as not abiding by community standards. I wonder why? Perhaps they see Kevin Shipp as a conspiracy theorist. I pointed out to the Guardian...

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Redacted Tonight – [101] CIA Veteran Admits Deep State Is Very Real

An excellent interview of Ray McGovern where he goes into the nonsense of Russiagate, the military-industrial complex and it need for fake enemies, and how they didn't like Trump for saying he could make peace with Russia because that's not good for business. He say's how Allen Dulles invented the term conspiracy theorist to deflect people away from his conspiracies.Ray McGovern says he is disappointing to find Bill Moyers and The Young Turks propagating the Russiangate myth despite Bill...

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Brian Romanchuk — Why Cross-Currency Bond Yield Spreads Do Not Matter

I have been running into cross-market yield comparisons in the news flow in recent weeks. For example, the raw U.S. Treasury/German bund yield spread often comes up in valuation discussions.The simple rule of thumb is that one should never make such cross-currency yield comparisons; they only matter if the currency value is being pegged. Since I do not have a handy source for euro-denominated bond yields, I will use the Canada-U.S. comparison.... Bond Economics Why Cross-Currency Bond Yield...

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The Times of Israel – Putin suggests ‘Jews with Russian citizenship’ behind US election interference

Russian president 'couldn't care less' if his citizens involved in efforts to influence 2016 vote, says actions cannot be tied to Kremlin Russian President Vladimir Putin said in an interview with the NBC network over the weekend that Russians who sought to influence the results of the 2016 presidential elections could have been “Jews, but with Russian citizenship.” In the interview, a full transcript of which was released by the Kremlin on Saturday, the Russia president said “I...

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