Mike Norman Economics

Scientists at the Biological Research Institute are making significant breakthroughs in understanding the virus, the sources say, but a long process of pre-clinical and clinical trials is to follow The development process requires a series of tests and experiments that may last many months before the vaccination is deemed effective or safe to use. Haaretz Israeli Research Center to Announce It Developed Coronavirus Vaccine, Sources Say

Saudi Arabia hasn’t seen Europe as a core market in recent years because it has prioritized continuously growing demand in Asian markets. But in the war of market share, the Kingdom is now looking to squeeze Russian oil out of Europe by offering deep discounts which make its Arab Light crude priced at as low as $25 a barrel at Rotterdam, much lower than the price of Urals. If prices of Urals and other crude grades going into Europe don’t drop to match the Saudi discounts, Saudi Arabia is...

Transcript of Michael Hudson in conversation with Ellen Brown and Walt McRee. Neo-feudalism masquerading as "capitalism and democracy."The Unz ReviewOur Neo-Feudal System Is on the Verge of Collapse Michael Hudson | President of The Institute for the Study of Long-Term Economic Trends (ISLET), a Wall Street Financial Analyst, Distinguished Research Professor of Economics at the University of Missouri, Kansas City, and Guest Professor at Peking UniversitySee alsoReminiscence of the...

Inventor of world wide web calls for urgent action to make cyberspace safer for women and girls The GuardianInternet 'is not working for women and girls', says Berners-Lee Ian Sample

Apparently contradictory data calls for explanation of behavior. Is the Fed buying resulting in a bond crunch? EconospeakAre US Treasuries Really Facing A "Liquidity Crunch"?J. Barkley Rosser | Professor of Economics and Business Administration James Madison University

Humans and rodents have similar brain structures that regulate empathy, suggesting the behavior is deeply rooted in mammal evolution. Rats are social creatures who seem to be very empathic towards each other, and in this way they share many traits with us.You can train a rat to pull a lever which will administer a sweet, but if it is set it up so that it also gives an electric shock to another rat, many rats will stop pulling the lever. Sadly, though, they have bit too much in...

In the first part of this series, we explained why MMT should be seen as a political problem rather than just an educational one. In this concluding part, we will discuss where MMT promotion is most likely to fail or have good chances of success. First, consider some poor prospects.... New Economic PerspectivesMMT is a Political Problem: Part 2 Thorton Parker

Some people in Boris Johnson’s government think it will be too expensive and disruptive to contain the virus, so best to let it do its worse and get it over and done with, they say, except millions could die instead of thousands.If you search on the web for the term ‘coronavirus bloodbath’, you’ll notice that the headlines are not about the mass deaths of vulnerable people that are inevitable on the sort of bungling business-as-usual trajectory adopted by the likes of President Donald Trump...

This is funny... if you want to lower the banks minimum capital ratios to help them then why add the trillions of Reserves Assets to their balance sheets in the first place and then call that "easing!" ?!?!?!LOL!!!!These people are sooooooooooooooo f-cking stupid.....The European Central Bank plans to let banks run lower capital ratios to deal with fallout from the coronavirus, according to people familiar with the matter https://t.co/4xwkQtaNZc— Bloomberg (@business) March 12, 2020

Treasury working to keep its account at the Fed as high and stable as practical, to reduce Reserve Assets at Depositories: Treasury Secretary Steven Mnuchin indicated the U.S. will keep issuing debt at a steady pace as he seeks to fund a possible extension of the tax filing deadline https://t.co/P4Fh34GLAn — Bloomberg (@business) March 11, 2020 While the Fed is working to increase Reserve Assets at Depositories: BREAKING: Fed boosts money it's providing to banks in overnight repo lending...