Mike Norman Economics

The state of capitalism is in desperate need of reform and modernisation, according to some of the UK’s top business leaders, who claim that the system has been hurt by management greed, corporate tax dodging and investor short-termism. Speaking on a panel for the Financial Times, former minister Baroness Shriti Vadera, who is now chairwoman of Santander UK, said that “the underlying promise of western capitalist economies — that a rising tide lifts all boats — has been broken”. She said...

Intrigue. McClatchySteve Bannon’s already murky Middle East ties deepenAnita Kumar And Ben Wieder | McClatchy Washington Bureau

Repeating failure in expectation of success.This further exposes the CIA as a secret paramilitary organization rather than an intelligence agency as such.Moon of Alabama Phoenix 2.0 - CIA's Vietnam Terror Unleashed Upon Afghanistan bSee also In short a lot of activity, a lot of killings, a lot of doors kicked in, a lot of personal grudges paid off by fooling the Americans into doing your dirty work and not much else. Shades of Operation Phoenix in Vietnam. Russia ObserverNew US Operations...

Exposing faked news about Venezuela, although it is also about Latin America as a whole and the US attempt to control the region to advance the interests of the US. Dennis Bernstein: You just got back from Venezuela. Why were you there? Daniel Kovalik: I was invited as an election observer for the regional elections that took place on October 15. Dennis Bernstein: Jimmy Carter has said that these elections in Venezuela were some of the fairest in the world. Daniel Kovalik: Yes, he said...

“China is in the midst of a value explosion via a technological revolution which mobilizes the talents of the largest and hardest working population in the world, Goldman says. “It’s something the world has never seen and it’s going to amaze all of us.” Asia TimesChina will amaze us all, says columnist David GoldmanSee also Celebrating the end of his first term in office, President Xi Jinping addressed the opening of the week-long 19th National Congress of the Communist Party of China...

"Bad Rabbit." Ars TechnicaNew wave of Ransomware spreads quickly through Russia and Ukraine Dan Goodin | Security Editor

Randy Wray gets a mention.St. Louts Post-DispatchNicklaus: China's worry about 'Minsky moment' may be a good sign David Nicklaus, business columnist for the St. Louis Post-Dispatch.

First, we have to understand, the U.S. trade deficit has risen and U.S. manufacturing output has fallen not because of the “blind forces” of international trade. For decades now, U.S. corporations have decided to increase their profits by a combination of shifting production to other countries and automating many of the production processes that remain in the United States. And they’ve left the American working-class behind. Second, there’s no guarantee that increasing manufacturing output...

One of the major claims the founders of the EMU made was that by creating an independent ECB – by which they meant ‘independent’ of the influence from the Member States or other EU bodies (such as the Eurogroup) – they were laying the foundations of financial stability and disciplining the fiscal policy of the Member States. This so-called independence was embodied in the – Treaty on the Functioning of the European Union – where Article 123 prevents the ECB from giving “overdraft facilities...

It's not even with that group: We will never forget the 241 American service members killed by Hizballah in Beirut. They died in service to our nation. https://t.co/BaQZDA3s2e — Donald J. Trump (@realDonaldTrump) October 23, 2017 Not a peaceful sign for Syria... Echoed by Pence commemorating the anniversary: .@POTUS Trump has put Iran on notice—we will not sit idly by while the ayatollahs in Tehran plot more attacks like the bombing in Beirut. pic.twitter.com/1thjzcHEOu— Vice President...