Mike Norman Economics

Beijing's envoy to the UN says the 'Palestinian people can always count on China’s support' China is "deeply concerned about reports of the plan to annex part of the occupied Palestinian territory," said Ambassador Zhang Jun at a Security Council briefing on the situation in the Middle East. "Such a plan, if implemented, will seriously violate international law and relevant UN resolutions, and imperil the two-state solution. We urge the relevant party to refrain from taking any...

I've been telling you that employment and withholding tax deposits were trending down, suggesting weakness in the labor market. Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader. https://www.pitbulleconomics.com/mmt-trader/?s2-ssl=yes/ Download my podcasts! New one every week. https://www.buzzsprout.com/1105286

Are American firms ready to let the Chinese market go?Maybe they will have to and stand by watching others take their share, shaking their heads as the US decouples from China, cut its ties, and prepares for war against "Communist China" on all levels of warfare — from information war, economic war, and cyberwar, which are already in progress, to kinetic war.This is a war of choice. It's a huge strategic blunder to foment land war in Asia, with the combined force of China and Russia. It's...

Funding the US military-idustrial complex and endless war is bipartisan.Notice no worries about how to pay for it. Simulatneously, the GOP is saying that the US cannot afford to fund disaster relieve when the pandemic threatens to bankrupt states, cities, firms and households.  Oh, and the US also needs to cut back Social Security, Medicare, Medicare and other forms of welfare transfers in order to "save taxpayer's money."How to get the voters to go along with this obscene transfer of...

Strategic Culture FoundationBrazil Exclusive: the Money Laundering Scandal From Hell No One Wants to Talk About Pepe Escobar The NationCanada’s Nazi MonumentsLev GolinkinCounterpunchAmerica’s Penis Envy of the Nazis John Kendall Hawkins   Strategic Culture Foundation Influential DC-based Ukrainian think tank hosts neo-Nazi activist convicted for racist violence  Moss Robeson  Internationalist 360ºThe Origins of 21st Century American Fascism Kristopher Âû with Ranier Shea...

It took the country 98 days to reach 1 million cases, but just 16 days to go from 3 million to 4 million. The average number of new US cases is now rising by more than 2,600 every hour, the highest rate in the world.SCMPUS coronavirus cases pass 4 million in rapid acceleration

Foreign Affairs is an American magazine of international relations and U.S. foreign policy published by the Council on Foreign Relations, a nonprofit, nonpartisan, membership organization and think tank specializing in U.S. foreign policy and international affairs. Wikipedia MMT is making it to the top of the list after having been marginalized for decades. Is the elite getting concerned?This is a superb article and it is addressed to the ruling elite, which is the audience of this venue....

Longish article delving deep into the background and issues. Maybe save it for weekend reading.Short answer: Russia rejects Western all-or-nothing economic imperialism and neo-colonialism expressing it itself as US neoliberal and neoconservativism with the elites of European vassal states going along in favor of a multipolar world that respects national sovereignty and international agreements and law. Russia further objects to assumptions about Western ethnic and cultural exceptionialism....

Today, the Australian Treasurer is out in force telling us that the fiscal situation is dire and that they have to start making cutbacks. Meanwhile in the real world, the unemployment rate continues to rise, businesses continue to fail, and the lowest paid workers, are being forced to continue working in dangerous health situations because they cannot ‘afford’ to stay at home like the better paid workers and protect their health. Its doesn’t bear scrutiny. My research centre released...

Unless the euro is abandoned it is looking more and more choosing between totalitarian international capitalism and populist nationalism. Lars P. Syll’s BlogWhy the euro has to be abandoned if Europe is to be savedLars P. Syll | Professor, Malmo University