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Mike Norman Economics

Dom Galeon — This study suggests we are still evolving as a species

A study that analyzed large-scale genetic data from more than 200,000 people showed that the human genome is still evolving. Researchers form Columbia University found that a natural selection process weeds out mutations that shorten human life.… Don’t imagine, however, that it’s the kind of evolution you see in X-Men — sorry, no mutant powers just yet. However, it’s the type of evolution that could occur in one or two generations, and can prolong human life.... World Economic ForumThis...

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Bill Mitchell — When relations within government were sensible – the US-Fed Accord – Part 1

The topic centres on an agreement between the US Federal Reserve System (the central bank federation in the US) and the US Treasury to peg the interest rate on government bonds in 1942. What the agreement demonstrated is that a central bank can always control yields on government bonds, which includes keeping them at zero (or even negative in the current case of Japan). What it demonstrates is that private bonds markets, no matter how much they might huff and puff about their own importance...

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Reuters — Senate backs massive increase in military spending

"Affordability"? No problem.ReutersSenate backs massive increase in military spendingThe Hill NewsSenate passes $700B defense bill Jordain Carney Also One of the most controversial proposals put forward by Sen. Bernie Sanders during the 2016 presidential campaign was a pledge to make tuition free at public colleges and universities. Critics from both parties howled that the pie-in-the-sky idea would bankrupt the country. Where, after all, would the money come from? Such concerns were...

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Stephen Kinzer — America’s slow-motion military coup

In a democracy, no one should be comforted to hear that generals have imposed discipline on an elected head of state. That was never supposed to happen in the United States. Now it has.Among the most enduring political images of the 20th century was the military junta. It was a group of grim-faced officers — usually three — who rose to control a state. The junta would tolerate civilian institutions that agreed to remain subservient, but in the end enforced its own will. As recently as a few...

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Russia Feed — Russia not willing to be a part of US-proposed UN reforms

Russia rejects US rejection of UN as chief guarantor of the international order.The UN has long been in the sights of the American right, and Donald Trump is a true believer in that position. Chairman of the State Duma Committee for International Affairs Leonid Slutksy … said that Russia views the UN Trump Reform as a major step in the “US coordinate system” towards a unipolar world order and toward a reduced role for the UN in the architecture of the 21st century. Nyet!Russia FeedRussia...

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Pam and Russ Martens — Obama Has the Same Retirement Plan as the Clintons: Lavish Speaking Fees from Wall Street

The “Wall Street Democrats” is the wing of the party created by the Clintons and nurtured further by Barack Obama. It takes money hand over fist from Wall Street for political campaigns, wags a warning finger at Wall Street from the public podium while stuffing its administrations with Wall Street execs, then its leadership reaps millions of dollars in personal speaking fees from the robber barons after leaving office. As of this morning, there’s no longer any debate that Obama is firmly...

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Sputnik International — The Boeing-Bombardier Feud

Boeing claims huge Canadian government subsidies allowed them to sell a new fleet of planes at substantially less than the market price. ​But David Collins, a professor of international economic law at City University of London, said the case smacked of "double standards." "It's a bit rich of the United States to say that Canada is subsidizing Bombardier, because the US has been doing the same for Boeing for years," Professor Collins told Sputnik. "Lots of industries are subsidized. The...

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