Mike Norman Economics

Democrats are gonna bash Trump on this...US budget deficit topped $1 trillion in 2019 for the first time in seven years https://t.co/S9fV34Mpuj— CNBC (@CNBC) January 13, 2020

A new International Monetary Fund (IMF) study shows that USD$5.2 trillion was spent globally on fossil fuel subsidies in 2017. The equivalent of over 6.5% of global GDP of that year, it also represented a half-trillion dollar increase since 2015 when China ($1.4 trillion), the United States ($649 billion) and Russia ($551 billion) were the largest subsidizers Forbes James Ellsmoor - United States Spend Ten Times More On Fossil Fuel Subsidies Than Education

Tucker Carlson again!Trump, who announced his decision not to retaliate against Iran’s missile strikes in a nationally televised address 14 hours later, told some close to him that he watched Carlson’s show, according to BuzzFeed News. He told confidants in recent days that Carlson’s strong advocacy not to escalate the situation in Iran played a role in his decision-making, two White House officials and Republicans close to the West Wing told The Associated Press on Thursday. AP David Bauder...

Sputnik International ("our oil")‘The Only Troops I Have are Taking the Oil’: Watch Trump Double Down on Pledge to Steal Syria’s Oil Zero Hedge (well, maybe "rents" rather than "sells")"He Sells Troops" - Amash Blasts Trump's Boast That Saudis Paying $1BN For Protection Tyler DurdenThe Vineyard of the Saker (he needs help?)Tulsi Gabbard – Trump disgraces our military The SakerAnti-War (duh)Pompeo: Killing Soleimani Part of a ‘Broader Strategy’ Applying to China, RussiaJason Ditz The...

How things are changing. After the British election in December, the policy terrain in the UK has shifted such that the Tories are now being lectured to about the dangers of a stimulus package, while British Labour seems to be promoting leadership candidates that mostly were part of the problem that led to their failure. In the latter context, we are seeing King or, should I say Queen makers, who I would have thought were unelectable trying to influence the leadership choice. And former...

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Why comparing militaries based on budget size is erroneous. Of course, Lockheed will argue that its ships are more than 8X better. Right.Russia Insider Russia Builds Nuclear Icebreakers the Size of WWII Battleships for $750M, Lockheed Needs $500M for Ships 8X SmallerMarko Marjanović

New technologies enable Russia and China to destroy U.S. bases and logistics networks—including those on the homeland. New technologies enable Russia and China to destroy U.S. bases and logistics networks—including those on the homeland.or most of its history, the United States has had the luxury of fighting its wars from safe havens. No major international battles have taken place on the continental United States in more than two centuries, and its offshore territory has not...

If mobile payment apps became as popular in the U.S. as they are in China, banks would lose a projected $43 billion in revenue annually. Bloomberg QuickTake explains how cheap and easy payments by phone are threatening one of the banking industry's most profitable businesses. [embedded content]

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