Mike Norman Economics

 Viral load seems to make a big difference as to whether you recover quickly, or not. Thousands of people of all ages are staying sick for weeks -- even months. A study by Denmark's Aarhus University found a third of corona patients suffered long-term side effects. For some, the virus doesn't just come and go. It stays. The disease can damage the lungs, heart and brain, increasing the risk of long-term health problems.[embedded content]

The US is also warning developing countries against using Chinese finance agenciesThe US praised capitalism, free markets, and globalisation while it was out on top, but now it's rigging the market.The US is planning to offer billions of dollars in loans to developing countries in the hope of persuading them to use Western alternatives to Chinese companies...The Telegraph US to offer developing countries aid to ditch Huawei

There is a war going on. And no, it’s not the one you think. This is a war against energy efficiency. The attack is on two fronts: a battle against energy efficiency standards on the part of the current United States administration which is generally anti-regulation, and an attack on the part of everyone’s favorite new common enemy, the novel coronavirus. The global pandemic has hurt nearly every economic sector, and it’s certainly not doing energy efficiency any favors, either.…OilpriceThe...

A new report by the North Atlantic Treaty Organization (NATO) shows that more member nations are increasing their defense budgets to reach the alliance’s spending goals, but Germany, which has attracted US President Donald Trump’s ire, has yet to do so.... Sputnik InternationalNATO Military Budgets Rise, But Germany Lags Behind Alliance Defense Spending Goal

AOC has embraced MMT and is advised by MMT economists. What Stephani Kelton has done to popularize MMT generally, AOC is likely to do with the younger generations of digital natives.KotakuAlexandria Ocasio-Cortez Streams On Twitch With Hasan Piker And Pokimane, Draws Over 430,000 ViewersNathan GraysonSee alsoSputnik InternationalAOC Calls on People to Vote While Twitch Streaming, Sets Twitter Abuzz

It won't stop the project and will further alienate German and other European firms, who will view this as anti-competitive regardless of what spin the US puts on it.OilpriceU.S. Broadens Sanctions On Russia-Led Nord Stream 2 PipelineCharles KennedySee alsoTASSKremlin slams US sanctions against Nord Stream 2 as 'hostile takeover competition'

The ITER will use a mixture of hydrogen isotopes, deuterium and tritium, as fuel.... Sputnik InternationalA World Without Oil and Uranium: Russian Scientists Research Clean, Safe Nuclear Power Generation

US-based chipmaker Qualcomm hosted a virtual event on Tuesday night and announced that in partnership with the Indian telco Jio, they were able to achieve a superfast internet speed of 1GBPS while working on developing independent 5G tech for India. Jio, with 385 million users, is India’s largest telco, headed by Asia’s richest man, Mukesh Ambani.Sputnik InternationalTech Analyst Calls Jio Partnership With Qualcomm to Bring 5G to India a 'Breath of Fresh Air'

One of the regular stream of commentators who claim that MMT is wrong about everything it says has appeared on the blog.So, I issue a challenge. What is wrong about the following, which is what MMT says?…,Several MMT point follow. Tax Research UKWhat MMT says: a chance for the critics to take a popRichard Murphy | Professor of Practice in International Political Economy at City University, London; Director of Tax Research UK; non-executive director of Cambridge Econometrics, and a member of...

Has Larry Summers actually read any MMT literature? MMT economists have already counter all his objections. My guess. This is political. The man cannot be that obtuse economically, can he? With the prospect of a Biden win, Summers is trying to head off MMT politically as a Democratic Establishment  stalwart vying for power and position.RALPHONOMICSLawrence Summers attempts to criticise MMT – try not to die of laughter.Ralph Musgrave