Mike Norman Economics

Since June 14, the US authorities have banned American investors from buying government bonds issued by the Russian Central Bank, the Finance Ministry or the National Wealth Fund on the primary market…TASSMoscow Exchange to reject US clients’ applications for OFZ bonds from June 28

India and China are trying to outpace each other in infrastructure development along their disputed Himalayan border. Incidents of threats from villagers have been reported on the Indian side. Villagers have demanded that the Indian government provide them with road, rail and electricity infrastructure; otherwise they will seek Chinese help...."Competition."Sputnik InternationalChina Launches First Electric Train In Tibet Near India's Border

The United Nations General Assembly on June 23 overwhelmingly approved a Cuban resolution condemning the U.S. economic, commercial, and financial blockade of Cuba, in place for 60 years, The Assembly has done precisely that every year since 1992, except for 2020, when the vote was postponed because of the COVID-19 pandemic. The vote this time was: 184 nations approving; two opposing, Israel and the United States; and three abstaining, Colombia, Ukraine, and Brazil.All along, the United...

China’s CNOOC this week started production from the first deepwater gas field it operates fully, Reuters has reported, adding that the field is expected to yield some 4.39 billion cubic meters of natural gas, representing 2 percent of China’s total output....OilpriceChina Starts Production At Massive Deepwater Gas FieldIrina Slav

I wrote a free post on my Patreon discussing my open source econ_platform package, which is mainly in Python — although it supports other languages. (I produce my charts in R.) The package is available at https://github.com/brianr747/platform.The article discusses the core of the package - the fetch() function. Using the fetch command allows me to generate this exciting Icelandic HICP inflation rate in just four lines of code (one of which is the boilerplate library initialisation...

The pros and cons of capitalism. Chimerica was great while it lasted — until the US elite realized that globalization is not necessarily in the interest of the American Empire unless the US is in complete control of it. Thus, the "pivot to Asia" and the attempt to impose a American"rules-based-order" where the "exceptional" and "indispensable" county makes the rules to suit its imperial interests. What's not to like and what could go wrong?Naked CapitalismJames Galbraith: China and Supply...

 When Dr Chris van Tulleken embarked on an ultra-processed 30 day diet to uncover what effect it has on our bodies, the results leave him and the scientists in shock![embedded content]UK doctor switches to 80% ULTRA-processed food diet for 30 days ??? BBC

In response, Food & Water Watch Public Water for All Director Mary Grant released the following statement:“This White House-approved infrastructure deal is a disaster in the making. It promotes privatization and so-called ‘public-private partnerships’ instead of making public investments in publicly-owned infrastructure. Communities across the country have been ripped off by public-private schemes that enrich corporations and Wall Street investors and leave the rest of us to pick up the...

China, Russia and the United States are all pursuing hypersonic weapons technologies, setting the stage for an arms race....The DiplomatHypersonic Missiles: A New Arms RaceRajeswari Pillai Rajagopalan

Biden says he has an agreement on an infrastructure deal. How big and will it pass? Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader. https://www.pitbulleconomics.com/ Download my podcasts! New one every week. https://www.buzzsprout.com/1105286 Mike Norman Twitter https://twitter.com/mikenorman Mike Norman Economics: https://mikenormaneconomics.blogspot.com/