Mike Norman Economics

Candidates and longtime friends trade angry remarks before Tom Steyer offers an awkward hello Contains a video of their heated exchange.  CNN has released the audio of the testy exchange between Elizabeth Warren and Bernie Sanders that took place following Tuesday’s Democratic debate. The Guardian  You called me a liar on national TV’: audio released of testy Warren-Sanders exchange

If the climate nutters are wrong then this will probably be $49....It’s your year. Travel more (for less) in 2020.— Southwest Airlines (@SouthwestAir) January 7, 2020

Ive been remiss in my regularly scheduled re-posting of this oldie but goodie from Mike a while back... nothing has changed since then so it AAAAAAALLLLLL still applies...[embedded content]

Oh wow so now these "out of money!" morons have delivered 400 S&P points in...  TWO YEARS.... BIG F-ING DEAL!!Gimme a f-ing break....

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The Guardian (UK)One in four countries beset by civil strife as global unrest soars Saeed Kamali DehghanReminiscence of the Future (penetrating)A Bit Of ClarificationAndrei Martyanov Wolfgang Streeck (article)The International State System after Neoliberalism: Europe between National Democracy and Supranational CentralizationFort Russ News (the new China is about doing business)China bypasses Europe and Russia in the struggle for Ukraine Sergey Ustinov Fort Russ News (detailed)Iran...

Ahh good old econo-moron "supply and demand!"...The price of is falling thanks to a brutal cold snap in Western Canada, where temperatures less than 20 below are literally freezing Canada’s oil, making it less viscous and difficult to transporthttps://t.co/TMNxk1E2AN— OilPrice.com (@OilandEnergy) January 16, 2020

Okay, at the risk of not getting included in the happy consensus, I will make a few points here. My thoughts exactly. Tackling China is just plain crazy, especially when the US was benefitting in real terms of trade and China was still willing to save in USD. Those days are nearly over for the US and hopefully the newly rising China will overlook a century or so of humiliation, including the latest episode. As Dean Baker points out, intellectual property has become a bug rather than a...

As the FT reported a couple of days ago when discussing corporation tax and corporate accountability: Now the Global Reporting Initiative, a not-for-profit setter of sustainability standards, is seeking to enhance transparency in this area. In a new standard it is calling for improved disclosure of corporate tax strategy, explanation of the reasons why the tax charge in financial accounts falls short of statutory headline tax rates, and country-by-country reporting of business activities,...

When I was a relatively junior academic, one of the things I was interested in was how labour market prejudice is influenced by the state of the economic cycle. This was a period when Australia was undergoing a deep recession (early 1990s) and it was clear that hostility to immigrants had risen during this period. I was interested to see whether this was related. The interest goes back to my postgraduate days when I was studying labour economics and we considered labour market...