Mike Norman Economics

' Falling life expectancy in the poorest communities is a deeply worrying indicator of the state of our nation’s health, and shows that we are leaving the most vulnerable out of the collective gain’The Independent Poorest dying nearly 10 years younger than rich in 'deeply worrying' trend, study shows946.html

I've been saying this for years, but Noam Chomsky manages it in two sentences. All public resources go to the rich. The poor, if they can survive in the labor market, fine. Otherwise, they die. That's economics in a nutshell.Noam Chomsky[embedded content]

The Chinese embassy has issued a blistering response to the “rage and roar” of Australian politicians accusing Prime Minister Scott Morrison of “overreacting” to a tweet depicting an Australian soldier killing a child.Just over 24 hours after the shocking fake image of a grinning soldier appearing to slit the throat of an Afghan child was posted on Twitter, the Chinese Embassy has responded to the PM’s demands for an apology.Chinese embassy accuses Australia of stoking nationalism

CDC research notes that the birth rate in the US has been below replacement level since 1971. It is now a problem across all major racial groups including Hispanics, non-Hispanic whites, non-Hispanic blacks, and non-Hispanic Asians. All have below replacement birth levels.…You can ignore the conspiracy theory stuff at the end of the article. Interesting numbers otherwise.Zero HedgeKilling The Future: COVID Madness Will Lead To Half A Million Fewer US Births In 2021Steve Watson via Summit...

I saw a letter published by IPPR – who call themselves “The Progressive Policy Think Tank” – urging the BBC to change the way it conducts economic commentary. The letter – Economists urge BBC to rethink ‘inappropriate’ reporting of UK economy – was sent to the Director-General of the BBC following some “BBC reporting of the spending review” which they say “misrepresented the financial constraints facing the UK government and economy.” The H.M. Treasury – Spending Review 2020 – was published...

This may very well set up the next 4 years. Important!

 It can even tell bosses how well-connected you are to other employees, which will indicate to them how successful you are likely to be in driving the company forward. Microsoft has expanded the analytics provided with its Office 365 suite of productivity applications into a “full-fledged workplace surveillance tool” according to privacy advocates.The tool, called Productivity Score, allows employers to know the number of days a person was active on Microsoft Word, Outlook, Excel,...

 Let's see how this prediction turns out. (They are talking their book.)Tyler and Cameron Winklevoss told CNBC that bitcoin will skyrocket to $500,000 within the next decade as it surpasses gold as a store of value. Business InsiderWinklevoss twins say bitcoin will soar to $500,000 and surpass gold as a store of valueEmily GraffeoSee alsoNew Economic PerspectivesThe Fair Price of Bitcoin is Zero (December 2, 2013)Eric Tymoigne

The world’s newest trade pact could bolster commodity trade among its members, thanks to reduced or eliminated tariffs on oil, gas, and coal among those members. Analysts believe that membership in the trade bloc could help to defuse the current strained relations between Australia and China, a major exporter and a top importer of fossil fuels in the region, respectively. Yet, the pact could further sideline U.S. exporters of energy to the world’s most resource-thirsty region, especially if...

Scott Sumner has more questions.Maybe he should try trading Treasuries. He might discover something.The Money IllusionA –> B –> C, Does A imply C?Scott Sumner | Ralph G. Hawtrey Chair of Monetary Policy at the Mercatus Center at George Mason UniversityAlso from SSIn Thanksgiving Message, Trump Says ‘We’re Like a Third-World Country’Can't argue with that.Trump concedes I was right all along