Mike Norman Economics

Leonid Bershidsky calls BS. The Facebook ads placed by a Russian troll farm and released on Wednesday by the U.S. Congress Intelligence Committee show that the Russian propaganda campaign of 2016 didn't favor either Donald Trump or Hillary Clinton. Instead, it mocked and goaded America, holding up a distorted but, in the final analysis, remarkably accurate mirror.This directly contradicts previous U.S. intelligence community assessments. "We assess Russian President Vladimir Putin ordered...

McCain reportedly confirmed his opposition – and also that the bill in its current form is DOA – during an interview with Fox Business’s Charlie Gasparino.… And at this rate, it’s unclear if the plan in its current form will even pass the House.... That didn't take long. Zero HedgeJohn McCain Confirms: Tax Reform Is "DOA In The Senate" Tyler Durden

China closing in. Beijing's Zhongguancun has unseated San Francisco's Silicon Valley as the top technology hub in the world, according to a report by Expert Market, a U.S.-based business resource company. Beijing's Zhongguancun tech community has became the top destination for the brightest tech talents around the world, due to its favorable climate for early stage funding, good performance in startup output and the city's affordable cost of living, revealed the Top Tech cities in the...

Modern Monetary Theory (MMT) continues to make inroads into the mainstream discourse with the appearance of an article by Youssef El-Gingihy in The Independent Online. The article features MMT in connection with the new book by Bill Mitchell and Thomas Fazi, Reclaiming the State. At its recent rate of dissemination, MMT may transition from heterodox to mainstream ahead of expectations.Although the finer points of MMT can get quite involved, the most basic takeaway is very simple. For...

North Korea may be a small nation that has a few crude nukes compared to the US but behind the scenes Washington fears that NK could fire a few nuclear warheads over the US and take out its entire electronic infrastructure leading to a nightmare catastrophic.  It seems that the US will have to find a peaceful solution.  The number one concern is about “the present satellite and missile capacity of North Korea to detonate nuclear bombs over the US knocking out the entire electronic...

"Rebalancing his portfolio." Zero HedgeBezos Calls The Top? Sells $1.1 Billion Of Amazon Stock At Record Highs Tyler Durden

This is a material change from what this section stated as recently as November 2, when the section read “We believe in freedom of expression and in speaking truth to power"... with believing in "speaking truth to power" replaced with "open dialogue." Zero HedgeTwitter Revises Terms Of Service, No Longer Believes In "Speaking Truth To Power" Tyler Durden

Last December Congress passed a new law, promptly signed by then-President Barack Obama, that enacted an Orwellian amendment to the Defense Authorization Act of 2017. Called the Countering Disinformation and Propaganda Act, this measure tasks the State Department, in consultation with the Department of Defense, the director of national intelligence and an obscure government propaganda organization called the Broadcasting Board of Governors, to establish a “Center for Information Analysis...

[embedded content] Jake R. Morphonios is a Republican libertarian conspiracy theorist and I had to think twice about putting this one out because it's all here, the Rothschilds, Soros, John McCain, and the Khazar Jews, but leave that aside and I think he has researched his facts quite well for this video at least. I thought it was very interesting - and chilling - to see how the oligarchs work behind the scenes.I like the scene Jake R. Morphonios describes Putin's quarrel with Oleg...

Secret side agreements are a common maneuver by corporate law firms. Here’s how they work. An agreement that is legal and passes the smell test is drafted and submitted to a court or a regulatory body for public consumption. Then, a separate, secret side agreement is written and signed by both sides and it contains all of the smelly, shady, ethically questionable hard details on how the original agreement will be carried out.  Donna Brazile, the former interim Chair of the Democratic...