Mike Norman Economics

If the U.S. government and mainstream media are really concerned about foreign influence in American politics, they might look at Israel and other nations with much more clout than Russia, notes Robert Parry. Ya think? Consortium NewsThe Crazy Imbalance of Russia-gate Robert Parry

No, inflation is not getting harder to "understand." Central banks are just using models that don't fit the case, for example, confusing special case model with general models, or using models that are mis-specified.  The message is to review the assumptions, including methodological ones, and revise them as appropriate. Then compare the model with the real world. What's so difficult to understand about that? This is what scientists do. Difficult, you say? That's what you are...

You probably want to take the time to read this.Rex Tillerson and Exxon up to the neck in it.Al-Masdar NewsHow private corporations will benefit from Kurdish independence Brad Blankenship

The Chinese view. Global Times | EditorialTrump’s UN address reduces hope of peace on Korean Peninsula

Full transcript. Preparatory to Bernie running again?VoxRead: Bernie Sanders's big foreign policy speech Alex Ward

Backgrounder.Graham E. FullerThe Future of the KurdsGraham E. Fuller | adjunct professor of history at Simon Fraser University, formerly vice chairman of the National Intelligence Council at the CIA, and a former senior political scientist at RAND

While doing business in Russia, you might have already learned the easy or the hard way that local accounting principles significantly differ from Western practices due to requirements of Russian law. Accounting is institutional and its rules are determined by institutional arrangements that are generally part of the legal structure in modern societies.This can make comparison of data difficult in different jurisdictions.AwaraSimple Tips That Will Help You Choose the Best Accounting Company...

Ousted White House advisor to Trump Steve Bannon was invited recently to the Chinese leadership compound, Zhongnanhai, to meet with the country’s second-most powerful official, the Financial Times reports, citing sources familiar with the matter. Wang Qishan has President Xi's ear. Does Steve Bannon still have Trump's ear, or has General Kelly shut him off? Asia Times Steve Bannon held secret meeting with Wang Qishan: report Asia Unhedged Wang Qishan heads the anti-corruption drive in...

During a meeting of the Central Commission for Integrated Military and Civilian Development (CCIMCD) on Friday, Chinese President Xi Jinping stressed the importance “defense, science and industry” will play in the integration of the private sector and China’s military, according to an official release from Xinhua.…“Defense science, technology and industry are key areas for integrated military and civilian development, and play a vital role in boosting the country’s innovation-driven...

I’m talking about the 1962 Milton Friedman/Anna Schwarz article ‘Money and Business Cycles’ (the Minsky comments can be found in the same document). According to Friedman and Schwarz, the government and only the government indirectly creates money mainly via central bank interest and QE like bank-liquidity policies. Period. Which makes the government, and only the government, responsible for these deep depressions. Period.… The 64 trillion-dollar question is of course: why do Friedman and...