Mike Norman Economics

One guy is worth about £340 million, but he won't stop working 24/7 because he says he is scared of bankruptcy. He was born in a very poor Gypsy family and worked his way up. From millionaires to silver-spooners, old money to using Tik Tok to make your millions. Kathy Burke talks money with people who have a lot of it. [embedded content]The Really, Really Rich | Kathy Burke: Money Talks

Higher energy prices translate into higher inflation.India PunchlineOil price stalks another superpower - Indian PunchlineM. K. Bhadrakumar | retired diplomat with the Indian Foreign Service

I have been researching the so-called labour shortage that business types are talking about relentlessly as part of their on-going strategy to undermine the conditions of work and make more profit. In the course of that enquiry, I came across an interesting juxtaposition between two US companies that illustrate a lot of what we have known about for years but have allowed this relentless, neoliberal, race-to-the-bottom to obscure. Well-paid workers with job security, work better and are happy...

I think rather the dogs have to reduce the Time Response of their sensory/control systems….It’s not speed that enables the rabbit to survive, it’s ongoing sporadic change in direction.The only way to defeat such irregular sampling is for predators to sample even more sporadically.Complex problems are not solved by targeting, they’re solved by leveraging randomness. https://t.co/y2rVDY6Hfx— Sean McClure (@sean_a_mcclure) November 7, 2021

Dealerships note that customers face weeks-long delays for tractor and equipment parts that would typically take several days to fulfill. These parts and components are crucial for farmers to keep combine harvesters and other farm equipment humming during harvest season to stay ahead of the wintry season....Another supply-chain problem.Zero HedgeFarmers Wait Weeks For John Deere Parts As Strikes Paralyze Midwest...

China's intellectual property (IP) office led the world in 2020 by reporting 1.5 million patent applications, 2.5 times more than the United States, which ranked second, the World Intellectual Property Organization (WIPO) said on Monday....Industrial design is another area where China has taken the lead, followed by the EU, South Korea, the United States and Turkey.... ECSNChina files 2.5 times more patent applications than U.S. in 2020: WIPOXinhua (Chinese state-sponsored...

Are workers taking note?Sputnik InternationalSuperyacht Sales Surged in 2021 as Billionaires Added Trillions in Wealth Amid Pandemic - Reporthttps://sputniknews.com/20211109/superyacht-sales-surged-in-2021-as-billionaires-added-trillions-in-wealth-amid-pandemic---report-1090578304.htmlAlso at ATThis could benefit China. All it would lose is some low-end manufacturing, which would move to lower labor cost countries like Vietnam and Bangladesh. Two articles published by Chinese state media...

Inflation control. All the talk of decoupling is nonsense.  The US and Europe are dependent on the world's factory for both intermediate and final goods.Asia TimesUS and EU economies hang on Chinese importsDavid P. Goldmanhttps://asiatimes.com/2021/11/chinese-exports-support-global-supply-chains/

Record American natural gas exports amid sluggish domestic production growth have raised prices for the fuelThe U.S. benchmark price Henry Hub has more than doubled since the beginning of 2021A total of 48 percent of U.S. homes will pay 30 percent higher bills for heating this winterOilpriceU.S. Consumers To Foot The Bill For Surge In Natural Gas ExportsTsvetana Paraskovahttps://oilprice.com/Energy/Crude-Oil/US-Consumers-To-Foot-The-Bill-For-Surge-In-Natural-Gas-Exports.html

Fiscal, monetary, inflation, rates...bullish conditions all the way around.