Mike Norman Economics

Putin's $billions?  I won't post extracts from PCR's Another Step Towards Agamemnon as it is too depressing, but I will put out this good interview instead. You probably all know what PCR has to say, but near the end he addresses the myth of  Putin's $50 billion. PCR say's it's just fake news and the last he had heard Putin was worth only about $5,000. Well, that's not true, but I was alarmed at what I was reading on the internet about Putin being worth anywhere between $75 to $200...

Introduction by the Saker: Today I am starting a new feature of the Saker Blog – I will regularly publish various texts written by Russian philosophers and Orthodox Church Fathers. My goal here is to open a window, however small, in the real historical, social, political, spiritual, philosophical and cultural roots of what I often refer to as the “Russian civilizational realm”. I am very fortunate to have been contacted by Edvin Buday who has offered his superb translation skills to this...

When the entire episode about the creation of the Trump dossier (by former Brit spy, Christopher Steele) and its dissemination (by Steele and the Democrat hired contractor, FUSION GPS,) to the FBI and the press, is fully exposed, the American people will be confronted with the stark dilemma of how to deal with the fact that there was a failed domestic coup attempted by members of the U.S. intel and law enforcement community. The facts will show that the Director of National Intelligence,...

Annual inflation rate stands at 2.3%, lowest in Russian history. Russia FeedRussia’s inflation rate continues its plungeAlexander

Putin is taking a new tack politically positioning himself way from the unpopular liberals and toward the socialists. His most serious competition is from Communist Party candidate Pavel Grudinin. who is widely expected to place second. This is bad news for Western liberals looking for liberal populist regime change in Russia. Now they are looking at a return to socialist rule as the alternative to Putin. For Russ Putin's 2018 Election Campaign: A New Beginning?Eduard Popov -...

When it comes to covering protests in other countries, it seems any vague picture of brown people protesting can stand in for those actually on the streets expressing their grievances. Since the outbreak of protests across Iran three weeks ago, several major outlets have used pictures of demonstrations in the United States, France, or United Kingdom—organized by a fringe, cult-like group, Mojahedin-e Khalq (MEK)—in place of images of the entirely unaffiliated protesters, 6,000 miles away,...

Asia TimesDemand for AI talent in China doubles in 2017 China tops mobile game market worldwide China aims to lead international industry standards

Good news. Those funds will mostly be spent and flow into the economy.Hopefully, other firms will follow suit.ReutersWalmart uses lower U.S. tax bill to raise minimum wage to $11 an hourNandita BoserelatedLars P. Syll’s BlogThe minimum wage mythLars P. Syll | Professor, Malmo UniversityalsoHarvard Business ReviewIf Retailers Want to Compete with Amazon, They Should Use Their Tax Savings to Raise WagesZeynep Ton | adjunct associate professor in the operations management group at MIT’s Sloan...

Not just the FBI. Brennan and Clapper deeply involved in politicizing intelligence. But the main casualty is the FBI’s 18-month campaign to sabotage candidate-and-now-President Donald Trump by using the Obama administration’s Russia-gate intelligence “assessment,” electronic surveillance of dubious legality, and a salacious dossier that could never pass the smell test, while at the same time using equally dubious techniques to immunize Hillary Clinton and her closest advisers from crimes...

New evidence that Washington broke its promise not to expand NATO “one inch eastward”—a fateful decision with ongoing ramifications—has not been reported by The New York Times or other agenda-setting media outlets. The American excuse is that the promise was not given in writing. So much for one's word and the nation's honor. Do that repeatedly, as the US has even to the point of breaking treaties unilaterally, and the nation gets the reputation of not being able to keep its agreements....