Mike Norman Economics

Former CIA Officer and whistleblower Kevin Shipp says the reason for all the crime and treason at the FBI and DOJ all boils down to one thing – the Clinton's so-called “charity.” "The shocking thing about that is all the former directors of the CIA that have come out to support her, from Clapper to Brennan to Morell to Robert Gates supporting her being elected, knew about this criminal syndicate. Comey was protecting it. Lynch was protecting it. Weissmann was protecting it. And that is the...

U.S. President Donald Trump seems intent on launching a trade war. He is ignoring appeals to common sense coming from Europe and Asia, but one country stands to lose more than any other: Germany. German business is already fretting about the effects of Russian sanctions. They are viewing Trump's trade policy as a stab in the back, and no way to treat a staunch ally.Spiegel OnlineThe Trade Warrior: Donald Trump's Attack on German Prosperity Der Spiegel StaffAlsoSputnik InternationalMerkel:...

Clearly, humans are in many ways very similar – we share the same physiology and have the same basic needs, such as nourishment, safety and sexuality. So what effect can culture really have on the fundamental aspects of our psyche, such as perception, cognition and personality? Let’s take a look at the evidence so far. Experimental psychologists typically study behaviour in a small group of people, with the assumption that this can be generalised to the wider human population. If the...

Source: Emmanuel Saez, UC BerkeleyReal-World Economics Review BlogU.S. Average Household Income, 2015

Recent Pew research surveys conducted in 38 and 30 countries, respectively, across the globe suggest the following troubling trends for Washington: American hegemony is waning; Russian public diplomacy may be making some inroads in many countries, including some NATO countries, the world is increasingly split apart between the West (plus Japan) and all the rest, and the effectiveness of China’s ‘quiet rise’ economy- and trade-based foreign policy.… US soft power in decline.The major problem...

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...

No news yet on the developers.Sputnik International'Masterpiece' Malware: Kaspersky Lab Detects Indestructible Computer Virus

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...

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...

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...