Mike Norman Economics

Leaked pitch to Trump administration warns of China’s goal to control key tech resource Resources wars? Asia TimesErik Prince’s plan for Afghanistan’s rare metals revealed

Data show rising dissatisfaction with economic status quo. The millennial generation is the largest demographically, and it is poised to begin taking over power as the boomers start fading. AlterNet Millennials and Capitalism Just Don't Mix Emily C. Bell

Is Bitcoin a bubble? It's a natural question to ask—especially after Bitcoin's price shot up from $12,000 to $15,000 this week. So we decided to ask a couple of experts on bubbles what they thought: Brent Goldfarb is a business professor at the University of Maryland, and William Deringer is a historian at MIT. Both have done research on the history and economics of bubbles, and they talked to Ars by phone this week as Bitcoin continues its surge. Both academics saw clear parallels...

Nothing new here for most of you guys but go to 1:50 where Micheal Hudson had me laughing my head off. And it is a good interview too. [embedded content] We’re living in a time of economic babble, where politicians and economists throw out words like “reform,” “privatize,” and “austerity” to prop up corrupt capitalist opportunists. So says our guest this week, economist Michael Hudson, author of J is for Junk Economics.

The prize.Defense OneChina Is On a Whole-of-Nation Push for AI. The US Must Match It Elsa B. Kania | Adjunct Fellow With the Technology and National Security Program at CNAS (Center for a New American Security) See also CNNPutin and Musk are right: Whoever masters AI will run the world Gregory C. Allen | Adjunct Fellow at the Center for a New American Security

Although I knew of most of what is written below but this article still deeply shocked me. The US fire bombing of north Korea is an evil beyond evil and how people could do something so awful to other people is terrifying indeed. But the evil doers of these crimes have gotten away with it as the media whitewashes it out of history.  As the world watches with mounting concern the growing tensions and bellicose rhetoric between the United States and North Korea, one of the most remarkable...

And people think that California residents are worried about earthquakes? It's the fires, stupid. It's been a issue for along time, but now it is increasing. Climate scientists predicted more intense fires in California, bigger hurricanes on the US East and Gulf Coast, and more frequent and serious floods in the Midwest years ago. They were right.Zero Hedge"It Was Like A War Zone" - Heavy Winds Push Wildfires Toward San Diego As Bel Air Burns Tyler DurdenSee also For years, climate...

In 1971, Daniel Ellsberg released the Pentagon Papers, thousands of pages of the Pentagon’s secret history of U.S. involvement in Vietnam, exposing the government’s lies and helping to end the war. President Richard Nixon’s national security adviser, Henry Kissinger, called Ellsberg “the most dangerous man in America.” Now at 86 years old, Ellsberg is revealing for the first time that the Pentagon Papers were not the first classified documents that he removed from his secure workplace. In...

The essential feature of the economy at the present stage is that it is in a transitional period from a phase of rapid growth to a stage of high-quality development, Xi said.  He said from the present through the coming period, high-quality development is the fundamental requirement in determining development ideas, formulating economic policies and implementing macro-control measures. "Achieving high-quality development is imperative for China to maintain sustainable and healthy...

Maksim Oreshkin said poor roads are holding back economic development This is a notorious issue. Russia is a huge country. It's a problem for transportation but also an economic opportunity for public investment. Russia Feed Russia’s economic minister says lack of infrastructure is country’s biggest weakness