Mike Norman Economics

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...

The two US economies — the haves (upper 40%) and the have-nots (bottom 60%).Zero HedgeRay Dalio: "This Is The Most Important Economic, Political And Social Issue Of Our Time" Tyler Durden

Trump in often inconsistent in what he says. That is his privilege. But it does not mean that the Secretary of State has to contradict himself each and every day. It is Tillerson's task to project a steady foreign policy. If there is none - for whatever reason - he must keep his comments vague. Contradictions like the above make him a joke. 'Rexxon' has experience in doing international businesses. He knows that consistency is one of the most important factors in getting things done. No...

I have yet to read Masha Gessen’s new book, The Future is History: How Totalitarianism Reclaimed Russia. To be honest, I’m not sure that I will. The use of the word ‘totalitarianism’ in the title is so extreme that it rather discredits the product before one even looks at it. But, whatever the book’s merits or demerits, it surely can’t be worse than a couple of reviews of it I’ve read in the last few days....  Masha Gessen is a Russian Russophobe like many Russian "liberals," as well as a...