Mike Norman Economics

In a sudden change of heart that kills senate Republicans’ effort to pass a bill to repeal and replace Obamacare before a rule allowing Republicans to circumvent a Democratic filibuster expires at the end of the month, Texas Sen. Ted Cruz is now saying he won’t support the Graham-Cassidy Obamacare repeal bill. Cruz, who revealed his position during a panel discussion at a Texas Tribune conference in Austin, suggested that the proposal also lacks the vote of Sen. Mike Lee, according to...

Hey, if "POTUS is a Kremlin stooge" is working for you, why not claim everyone that disagrees with you is, too? Russia InsiderClinton Attack Group: 2nd Largest US News Site (Drudge) is Kremlin Stooge Patrick FlemingOh, wait. Just when you thought it couldn't get any more bizarre.Zero HedgeFormer Congressman [Tancredo] Warns That Foreign Countries Could Bribe The Feds To "Regulate Drudge"Tyler Durden

Western leaders have still not gotten the message that the post-WWII unipolar order dominated by the West is now winding down and is coming to an end, possibly an ignominious one resulting in war. The resulting interim order not necessarily a "non-order," but rather a rising multi-polar one.  Western elite thinking broadcast by propaganda is that someone must be dominant; if it is not the West under the leadership of the US it will be some other country, meaning China.Asia TimesRisks...

The impending collapse of ISIS has touched off a race for territory in the oil-rich eastern part of Syria pitting US-backed forces against the Russian-led coalition of Syria, Iran and Hezbollah. This is the nightmare scenario that everyone wanted to avoid. Washington and Moscow’s armies are now converging on the same area at the same time greatly increasing the probability of a conflagration between the two nuclear-armed superpowers. The only way a clash can be avoided is if one party...

I am writing this while waiting for a train at Victoria Station (London), which will take me to Brighton for tomorrow’s presentation at the British Labour Party Conference.  The last several days I was in Kansas City for the inaugural International Modern Monetary Theory Conference, which attracted more than 200 participants and was going well when I left it on Saturday. A great step forward. I believe there will be video for all sessions available soon just in case you were unable to...

Philip Giraldi is an ex CIA agent, Conservative, reads Antiwar.com every day, and has a good article about how torture does not work I might put out. He seems quite a reasonable guy. I spoke recently at a conference on America’s war party where afterwards an elderly gentleman came up to me and asked, “Why doesn’t anyone ever speak honestly about the six-hundred-pound gorilla in the room? Nobody has mentioned Israel in this conference and we all know it’s American Jews with all their money...

New kid on the block.China.org.cnChinese aircraft delivers humanitarian aid in Cuba after Hurricane Irma Xinhua Latin America is an important region with a concentration of developing countries, said Wang. The development and revitalization of the region is an important part of the endeavors to revitalize the emerging markets and developing countries as a whole.China-Latin America comprehensive cooperation is facing new opportunities, he noted. Ecns.cn China, Cuba vow to enhance...

The former director of national intelligence, James Clapper, said an assessment by the US intelligence community on Russia's US election interference "cast doubt" on President Donald Trump's legitimacy. Clapper's comments follow an avalanche of recent news about Russia's efforts to sway American voters in 2016. The Russia investigation has gained significant momentum in recent weeks, with several current and former Trump insiders under scrutiny for their ties to, and contacts with Russian...

Critique of David Harvey's reading of Das Kapital.Michael Roberts BlogCapital.150 part two: the economic reason for madnessMichael Roberts

Pramit Bhattacharya quote.  Double significant since it is a signal of rising criticism of the profession coming from outside the Anglo-American world that is presently dominant. Hopefully, this is a sign that this domination of ideas and methods will not spread and will be balanced soon. Lars P. Syll’s BlogSeven sins of economicsLars P. Syll | Professor, Malmo University