Mike Norman Economics

Mainly interesting because of the numbers. China is unlikely to pay much attention to Adair Turner's advise, considering the state the UK is in.Project SyndicateAchieving a Sustainable Chinese Recovery Adair Turner, Chair of the Energy Transitions Commission, was Chair of the UK Financial Services Authority from 2008 to 2012

Campaign season in America.Jonathan TurleyThe Perpetual Impeachment: House Democrats Tell The Supreme Court That They Are Preparing For A New ImpeachmentalsoZero HedgeSenate GOP Compile Massive Subpoena List For FBI Abuse Probe; Demand Unredacted Susan Rice LetterTyler Durden

It's on.Asia TimesChina updates its ‘Art of (Hybrid) War’ Pepe Escobar

The current Chairman of the Federal Reserve bank of the USA – otherwise known as the US Central Bank, says that Central Banks have have the ability to create money digitally … and also print actual currency. This really could be not more obvious that this is THE MAGIC MONEY TREE that we have always been told does not exist… Progressive Pulse‘We print money digitally’ – so says the FedPeter May

Jack Dorsey’s Twitter and Square have both said employees can work from home “forever.” Google and Facebook have told employees they can work from home until the end of 2020. A new CNBC|SurveyMonkey Workforce Survey shows that over 25% of tech sector workers prefer permanent remote work. If this happens, it could cause a brain drain from other industries, a consolidation of talent at a few top tech companies, and a decrease in average salaries.... CNBCThe next Silicon Valley exodus: Over...

The PDCF is one of many facilities introduced by the Federal Reserve to support the U.S. economy in the face of the coronavirus pandemic. The PDCF helps primary dealers support smooth market functioning and facilitate the availability of credit to businesses and households in their capacity as market makers for corporate, consumer, and municipal obligations.... FRBNY — Liberty Street Economics The Primary Dealer Credit Facility Antoine Martin and Susan McLaughlin

Research claims top law firms are preparing to ‘cash in’ on the pandemic by helping corporations sue states for measures that have impaired profits. Neoliberalism turns morality around on its head. How much longer are we going to have to put have with this? Countries could soon face a ‘wave’ of multi-million dollar lawsuits from multinational corporations claiming compensation for measures introduced to protect people from COVID-19 and its economic fallout, according to a new...

In case you were wondering. Toilet paper is a business where we run all of our assets 24/7…, so it wasn’t like there was an opportunity to just say, ‘Oh, just run more hours.’ All the hours were already accounted for. Shows that retail is based on administrative pricing rather than market pricing. Under market pricing with quantity limited, the price would have risen to ration available supply based on price. Would that have prevented hoarding? Would this have been a better solution? An...

It will never stop being fall-to-the-floor laughcry hilarious that the US has an evil idiot president who can’t form a coherent sentence and exacerbated a deadly pandemic, and the only answer has been a fake Russia scandal, a fake impeachment, and a candidate with holes in his brain.... Caitlin Johnstone — Rogue JournalistFriendly Reminder That This Photo Happened, And Other Notes From The Edge Of The Narrative Matrix Caitlin JohnstonealsoDissident Circles Too Often Become Another Nerdy...

A Yale researcher poised to start a crucial clinical trial received an ominous email from a pharmaceutical company. “There is undoubtedly a financial motivation,” he said—and there could be millions on the line. A look into how the system works.In New Haven, meanwhile, Dr. Joseph Vinetz, an infectious disease doctor at Yale School of Medicine, is seeking to launch a clinical study of the drug camostat mesylate, a generic medication approved in Japan to treat chronic pancreatitis that he...