Mike Norman Economics

Note how only one country – Russia – is listed as having committed violations of human rights, and only one country’s behaviour is given as a rationale for the Act – Russia. And note how only one other country is even mentioned, and in that regard as a victim of Russian maleficence – Ukraine. And then look at who sponsored the Bill – Senator Raynell Andreychuk, a prominent member of Canada’s Ukrainian community – and now you understand what this is really about....

The Wall Street Journal just published an incendiary article that says hackers working for the Russian government stole confidential material from an NSA contractor's home computer. The hackers did so, according to the WSJ, after identifying files though the contractor's use of antivirus software from Moscow-based Kaspersky Lab. The report may well be true, but, for now, there's no way to independently confirm it. The report is based on unnamed people the publication says had knowledge of...

U.S. politicians often lecture other nations about their flawed governance as if American democracy is the gold standard, but anti-democratic measures like gerrymandering belie that self-image, says ex-CIA analyst Paul R. Pillar The gerrymandering case that is before the Supreme Court this week is especially important in that respect, because it gets directly to the phenomenon of one person, one vote, one time. That phenomenon is what has occurred in Wisconsin, where the case now before...

TRNN's Sharmini Peries interviews Michael Hudson. Video and transcript.Michael HudsonWhat Tax Plan?Michael Hudson | President of The Institute for the Study of Long-Term Economic Trends (ISLET), a Wall Street Financial Analyst, Distinguished Research Professor of Economics at the University of Missouri, Kansas City, and Guest Professor at Peking University

[embedded content] RT is facing unprecedented pressure in the United States, with authorities there intimidating not only employees, but even those co-operating with the network

I had a lovely job once and work was a pleasure and everyday I looked forward to going in because I had so much fun with the guys there. But over the years they cut loads of staff while the workload greatly increased and the job became more complicated because everything was computer controlled and the faults were crazy.  Management became tough and work became really horrible. I was up at 4 am every morning and getting home after 6:30 every night plus I was doing 8 to 10 hours every...

Like I've been saying. GIGO. This is somewhat similar to the systems/game theoretical approach to military strategy that was highly popular with strategists affecting policy at the time of the Vietnam War. World Economic ForumWe need to overcome AI's inherent human bias Missy Cummings | Director, Humans & Autonomy LaboratorySee also Justifiably, there is a growing debate on the ethics of AI use. How do we roll out AI-based systems that cannot reason about some of the ethical...

I came across this article by Kevin Warsh that appeared in the Wall Street Journal last August, 2016. The article was re-posted by GATA.ORG.As you may know, Warsh is the currently the favorite to take over as Fed Chair when Janet Yellen's term expires next February.If you read the article you will find that Warsh sort of understands that Fed policy is confused and focused on either the wrong things or, things which the Fed has no set of tools to accomplish. On the other hand he seems to lack...

I put this out in full because I thought you all would find it interesting. It seems Ellen is still making mistakes and hasn't taken on what MMTers say about government debt.                                                          ************ Japan has found a way to write off nearly half its national debt without creating inflation. We could do that too. Let’s face it. There is no way the US government is ever going to pay back a $20 trillion federal debt. The taxpayers will just...

The rules of the global economy are rigged against those who have to work to earn a living, and in favour of multinational corporations and the ultra-rich. It is no accident that, as Oxfam has revealed, the richest 1% own more wealth than the rest of humanity combined. This is inequality by design. The world is facing a huge decent work deficit, and the rules of the global economy need to change. The just-so story of economic liberalism is that economics is a natural science and economics...