Mike Norman Economics

Moderates out of the running, hardliners in. As expected. What is surprising in how it went down. Pepe Escobar explains.Doubtful that there will a US return to the agreement. It's a political hot potato anyway.The Vineyard of the SakerThe Iranian presidential shockerPepe Escobar

Another dimension of the story. Pictures.The GrayzoneUS-funded Belarusian regime-change activist arrested on plane joined neo-Nazis in UkraineBen NortonSee alsoMoon of AlabamaRoman Protasevich - Arrested In Belarus - Is A Western Government Financed Neo-NaziAlsoNote that Belorussia retained the initials "KBG" for its security service, while Russia changed its designation to GRU for external affairs (comparable to the CIA) and FSB for its internal security service (comparable to the...

Our type of capitalist system makes this problem worse, and it's expensive too, as many people who fall to the bottom compensate by turning to crime, drink, and drugs, and become unproductive. Extra police, prisons, remand Centers, social workers, are all needed too. Mental illness, depression, and anxiety means many days off work. In a new study, researchers have examined how “neighborhood disadvantage” can affect the developing brain, including the brain’s connectivity between...

Not mentioned in the post, but the most likely outcome is that Belarussia moves closer to the Russian/Chinese orbit as the West shuts it out economically in the attempt to effect regime change that sets up a NATO proxy. Russia is unlikely to let that happen without resistance. Putin is likely to tell Biden that Ukraine, Belarussia and Georgia are strategic red lines for Russia.OilpriceBelarus Sanctions Might Be The Real DealGerald JansenSee alsoThe war is directed more against Russia and...

Today, Data for Progress and Green New Deal Network released a new poll finding that voters support a comprehensive and justice-oriented approach to creating new jobs and infrastructure: the THRIVE Act, a $10 trillion community investment over the next 10 years that tackles the multiple overlapping crises in their communities, from pollution and climate change to unemployment....Common DreamsPOLL: Voters Support Economic Renewal Plan Centering Climate, Labor, and JusticeData For ProgressSee...

As reported by Reason’s Eric Boehm, a new analysis from Moody’s Analytics finds that only about 8 percent of the tariffs’ costs have fallen on China. In contrast, US consumers have suffered a whopping 92 percent of the costs.Activist PostWe Just Got Proof that Americans, Not China, Are Paying for the TariffsBrad Polumbo

 It sounds like the stuff of Kremlin propaganda, but it’s not. Last week Hromadske Radio revealed that Ukraine’s Ministry of Youth and Sports is funding the neo-Nazi group C14 to promote “national patriotic education projects” in the country. On June 8, the Ministry announced that it will award C14 a little less than $17,000 for a children’s camp. It also awarded funds to Holosiyiv Hideout and Educational Assembly, both of which have links to the far-right. The revelation represents a...

It is Wednesday so a blog lite day for me. The next part of this week is a bit up in the air for me after the Covid outbreak that resulted from a breach of quarantine in Adelaide has spread to Melbourne and looks a bit ugly. Fingers crossed that I can get back home to Melbourne tomorrow. Today I briefly review the latest payroll data from the Australian Bureau of Statistics, which shows that despite all the bluster from the Federal government to the contrary, their fiscal retreat in March is...

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