Mike Norman Economics

End run — with further ramifications: Iran can now disrupt shipping through the Straits of Hormuz without disrupting oil deliveries, giving it new leverage.OilpriceSanctions-busting Iranian Pipeline To Make First Shipment In JuneSimon Watkins

The crazies are out, and they're getting it wrong both ways. 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/

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...