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Mike Norman Economics

“America Exists Today to Make War”: Lawrence Wilkerson on Endless War & American Empire

Retired U.S. Army Colonel Lawrence Wilkerson, who served as Secretary of State Colin Powell’s chief of staff from 2002 to 2005, says the escalation of tensions between the U.S. and Iran today is a continuation of two decades of U.S. policy disasters in the Middle East, starting with the 2003 run-up to war with Iraq under the Bush administration. “America exists today to make war. How else do we interpret 19 straight years of war and no end in sight? It’s part of who we are. It’s part of what...

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Going green: China continues massive investment in renewable energy

Chinese state-owned power company, China Three Gorges Corporation, has announced it has started developing more than two dozen of new green energy projects, requiring the total investment of $8.2 billion. The construction of 25 new projects with a total installed capacity of 3.92 million kilowatts was started simultaneously in 14 provinces and regions, the Beijing-based company announced on Monday. The initiatives are expected to create 17,000 jobs for locals and help the nation's...

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Bill Mitchell — Our sequel to Reclaiming the State in now in progress

As part of my recent European speaking engagements, I went to Rome on February 5, 2020 to speak at the Italian Senate on Modern Monetary Theory (MMT) and the dysfunctional state of the European Union. The next day I had long discussions with one of my co-authors, Thomas Fazi, who I wrote – Reclaiming the State: A Progressive Vision of Sovereignty for a Post-Neoliberal World (Pluto Books, September 2017) with. We have been working on the sequel to that book for some time, and, in the...

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Nearly All Coral Reefs Will Disappear Over The Next 20 Years, Scientists Say

Over the next 20 years, scientists estimate about 70 to 90% of all coral reefs will disappear primarily as a result of warming ocean waters, ocean acidity, and pollution. Expand that out to 2100 and it’s “looking quite grim,” says Renee Setter, a marine scientist at the University of Hawaii in Manoa. By 2100 there will be nearly zero suitable coral habitats remaining, eliminating nearly all living coral reef habitats. Forbes  Nearly All Coral Reefs Will Disappear Over The Next 20 Years,...

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Even 50-year-old climate models correctly predicted global warming

The deniers like to point out where some scientists (not usually climatologists) and commentators made inaccurate predictions about climate change, but on the whole climatologists got it right.Climate change doubters have a favorite target: climate models. They claim that computer simulations conducted decades ago didn’t accurately predict current warming, so the public should be wary of the predictive power of newer models. Now, the most sweeping evaluation of these older models—some half...

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