Mike Norman Economics

The eight-member countries of the Shanghai Cooperation Organization (SCO), including China, Russia, and Pakistan, have made the principle decision to conduct bilateral trade and investment and issue bonds in local and national currencies instead of US dollars. Business Recorder Pakistan, China and Russia decide to conduct trade in local currencies skip dollarss/

Neil Wilson is back. Below are links to his YouTube channel and TwitchTV.I generally don't link to video and audio unless a transcript is provided. There's just too much being produced to keep up with. But a lot of people have been missing Neal, including me, so here are the links.New WaylandThe New Wayland Breakfast Show

Lessons from Alibaba and JD.com. The difference between Jack Ma and Jeff Bezos.Harvard Business ReviewIn the Face of Lockdown, China’s E-Commerce Giants Deliver Chengyi Lin, affiliate professor in strategy at INSEAD in Fontainebleau, France Also at HBR Now is the time for major corporations to make good on their commitments. Coronavirus Is Putting Corporate Social Responsibility to the TestMark R. Kramer How AI, genomics, and automation are powering biotech breakthroughs....Deep Nishar,...

The Corner (EU) Fast Forward To MMT, Please Fraser InstituteModern Monetary Theory, Part 1: What is it and why is it gaining currency in these volatile times? Modern Monetary Theory, Part 2: Will MMT hold down taxes? Stephen Globerman The Roanoke ReviewSantopietro: Pandemic will change how we view economics

Financial system Instex used for first time to send medical support to Iran as it battles severe coronavirus outbreak Britain, France and Germany have for the first time used a complex financial system that bypasses US sanctions to send medical aid to Iran, raising hopes of salvaging the 2015 Iran nuclear deal.  Britain, France and Germany have for the first time used a complex financial system that bypasses US sanctions to send medical aid to Iran, raising hopes of salvaging the 2015...

How Russia is dealing with the legal issue.AwaraIs the Coronavirus Pandemic Force Majeure?

Today is Wednesday and I have been tied up a lot with various meetings – all on-line these days. I don’t enjoy them as much as face-to-face, given that I spent a considerable part of each day in front of my computer or with my head in books and so the human contact is a welcome variation. But needs must, as they say. Anyway, just a few snippets today, being Wednesday. I can say that in between all this Zooming and writing, I have now nearly put together a complete on-line learning system...

As central banks act, ‘independence is a myth’ Sheng recognises the social impact of central banks taking widespread action to curb upsets. ‘Central bank independence has always been a myth, like the emperor with no clothes. When push comes to shove, we have seen central banks funding government deficits carte blanche.’ Injecting liquidity ‘is the right short-term move because we are in wartime conditions of grave uncertainty. But quantitative easing has been increasingly interpreted...

[embedded content]

I'll drink to that!Air Co takes captured carbon dioxide and turns it into vodka, offering the tantalising possibility that men and women of good conscience can drink to save the planet.The Times - Vodka made from carbon dioxide could be a tonic in climate fight