Mike Norman Economics

I have noted before that when someone asks me where I come from I immediately (and innately) respond Australia. If questioned further I might tell them I grew up in Melbourne, Victoria. Sure enough, I am a Victorian (with some of the cultural attachments that that denotes) but that affiliation is weak compared to my nationality. That doesn’t make me a xenophobe or a nationalist. It just says I am culturally from that geographic area. If I ask my friends from Italy, Spain, France, the UK,...

Rethinking Russia sat down with University of Kent’s Professor Richard Sakwa to discuss his new book Russia Against The Rest, its relations with the West, its role in a new world order as well as its greatest challenges in 2018. Richard Sakwa is on the level of Stephen F. Cohen and Paul Robinson as a Russian analyst — worth saying attention to.Rethinking RussiaRichard Sakwa: The Key Challenge for Russia is to Avoid Inflicting Damage on Itself – Rethinking Russia Interviewed by Pavel...

Whether intentional or not, this is preparing the American public for an overt conflict of US and Russian forces in Syria and a hot proxy war in Ukraine this spring. This is now entering the high danger stage. The InterceptA Consensus Emerges: Russia Committed an “Act of War” on Par With Pearl Harbor and 9/11. Should the U.S. Response be Similar? Glenn GreenwaldSee also The Mueller indictment against the Russians is a well-timed effort to distract Americans’ attention from the real...

Beijing is turbo-charging its infrastructure connectivity across the region and the Caribbean. "Who lost Latin America?"Asia TimesChina’s ‘New Silk Roads’ reach Latin America Pepe Escobar See alsoTalk of four nation-led ‘alternative’ to Belt and Road picks up steam Asia Times StaffSee also Australia, the United States, India and Japan are talking about establishing a joint regional infrastructure scheme as an alternative to China’s multibillion-dollar Belt and Road Initiative in an...

The three types of power which decide the fate of regimes are force, fraud and subversion; that’s to say, arms, money, media.... Detailed analysis of the indictments. Important if you are following this closely.Dances with BearsA Lesson in Political Sociology for Robert Mueller – a Lesson in Warfare for Dmitry Peskov John Helmer, from Moscow

U.S.-Russian hostility is now inevitable, and the results could be tragic. History of US election interference, regime change and coup d'etat.  The American Conservative Russia’s Election Meddling: Worse Than a Crime; a BlunderRobert W. Merry | Editor also Stop scapegoating Russia for America's divisions—and stop using Moscow as an excuse to call for restrictions on speech. ReasonThe Never-Ending Search for Foreign SubversivesJesse Walker also Resistance leader? Not really....

Keeper John Elster quote. Lars P. Syll’s BlogMarx and Keynes on the contradictions of capitalismLars P. Syll | Professor, Malmo University

Competent presentation and illustration by this well trained Youtuber of the events that led to the remedial activity that is now the largest engineering project in the US: [embedded content]

Yeah those old crafty "neoliberal banksters!" are just killing it these days:LATEST: Deutsche Bank begins cutting at least 250 jobs at its corporate and investment bank, sources say https://t.co/Oy1TsXZCaK pic.twitter.com/jIhXtX6dHH— Bloomberg (@business) February 19, 2018

Seems like many more than just Legislators could use some brushing up here (e.g. see post directly below this one...). While the differences between book and tax accounting are no doubt confusing to many, it is entirely reasonable that there be considerable differences between the two practices. After all, corporate accounting standards are typically set by the independent Financial Accounting Standards Board (FASB), while the Internal Revenue Code is a product of the political process...