Mike Norman Economics

The site is just back up at 16.42 on 21 March having managed to slip like the Tardia into another dimension and thus dodge the massive DOS attack we are under. over 50,000 separate IP addresses simultaneously throwing up millions of hits. The attack has not actually stopped and does seem to have a human intelligence changing terms and directing it, which could make for an interesting afternoon. Once our excellent techs get a minute from fighting it, we will post the cloudfare graphs as...

The protection of those who commit heinous crimes in the name of the U.S. government (by the government in whose name the crimes are committed) provides a dangerous precedent and could lead to the conclusion by many in the military and CIA that they can “get away with murder.”  The sad history of our country is that murders and executions (remember the extrajudicial drone assassinations ordered by Presidents Bush, Obama and Trump) are acts that continue to be the policy of our country....

Commons committee to focus on pensions advice as accountants are questioned over role in collapse The PPF is likely to pick up all but two of Carillion’s 13 pension schemes and has estimated the funding shortfall for the schemes at about £900m. It would cost an estimated £2.6bn for a pension firm to buy out the defined-benefit schemes, which is unlikely to happen. Frank Field, the chair of the Commons work and pensions committee, said: “PwC had every incentive to milk the Carillion...

Noel Edmonds had a number of his businesses go bankrupt and he just thought that he is not a good businessman but eventually he started reading about white collar banking crime and he realised his businesses were made bankrupt on purpose so that the banks could seize the assets and make a lot of money. Noel Edmonds is fighting for compensation and he say's the problems started when Thatcher deregulated the City of London, known as the big bang. He say's how neoliberalism has destroyed our...

My breakdown of the weekly EIA report and Impending Fed meeting.

As Ukraine’s struggle against Russia and its proxies continues, Kiev must also contend with a growing problem behind the front lines: far-right vigilantes who are willing to use intimidation and even violence to advance their agendas, and who often do so with the tacit approval of law enforcement agencies.... Western diplomats and human rights organizations must urge Ukraine’s government to uphold the rule of law and to stop allowing the far right to act with impunity.... Far from the...

On Iraq, the UK’s version of “the facts” was embraced by pretty much all our political establishment and many of our allies – with the honourable exception of the French, the Germans, the late Charles Kennedy and his little band of Lib Dems, and – yes, let it not be forgotten – the leader of today’s Labour opposition, Jeremy Corbyn. It was a version that proved to be disastrously wrong. Yet a combination of Tony Blair’s persuasive powers, naïve acceptance of the need for national unity, and...

Control of the narrative runs from the US deep state through the "lamestream" media where propaganda poses as journalism. In this article, Maduro can be replaced with Putin, and Venezuela with Putin. It's the same script. TruthoutIn Venezuela, It's "Democracy" if US-Backed Candidates Are Empowered, "Tyranny" if They Are NotSteven Chovanec, Truthout | News Analysis

MMT.MediumCapitalism and the veil of ignorance Claire Connelly 

India is the most vulnerable country to climate change, followed by Pakistan, the Philippines and Bangladesh, a ranking by HSBC showed on Monday.... Pakistan was ranked by HSBC among nations least well-equipped to respond to climate risks.... Not that prior to the partition of India after independence, Pakistan and Bangladesh were part of India. This area of the subcontinent is most vulnerable.ReutersIndia most vulnerable country to climate change - HSBC report