Mike Norman Economics

In a December 2nd conference call, the leaders of Russia and China will officially launch a new era in relations between the two countries. The largest gas exporter and the fastest growing large market in the world will be connected by a pipeline system that will link the gas fields of Eastern Siberia with Shanghai; the pipeline network will extend more than 6,000 km.... Valdai AnalyticsPower of Siberia Opens Chinese Gas Market Alexei Grivach

Revelations raise questions about influence of foreign funding on British politics  How the right’s radical thinktanks reshaped the Conservative party The money has been given to researching alternatives to the NHS for an ageing population and to fund work on inspiring young people to become supporters of free markets, according to the foundation.  Eleven wealthy American donors who have given a total of more than $3.7m (£2.86m) to rightwing UK groups in the past five years have...

After thinking about the problems that the majority seem to have accepting MMT, I have concluded it best to divide MMT up into two components. One is the descriptive theory on how things are. This part deals with debt flows, banking reserves, etc… It describes the way a modern economy works. The next part is the prescriptive part of MMT. After understanding how an economy operates, many MMT advocates have policy recommendations. The important thing to understand about these choices is that...

Anti MediaChinese Middle Class Could Reach 550 Million in Three Years — Every American Corporation Wants in on This BoomEvelyn Cheng The Vineyard of the SakerHong Kong ensnared in the West’s color revolution hot box – the latest news and analysisJeff J. Brown Zero HedgeIran, China, & Russia Gear Up For Unprecedented War Games In "Message To The World"Tyler Durden

Decade-long research at Weizmann Institute could pave way for low-emissions production of carbon for use in biofuels, food, and help remove excess global warming CO₂ from air In a remarkable breakthrough that could pave the way toward carbon-neutral fuels, researchers at the Weizmann Institute of Science have produced a genetically engineered bacteria that can live on carbon dioxide rather than sugar. Times of Israel  In possible climate breakthrough, Israel scientists engineer...

Australian, but believed to be a transnational problem. Bankrolling pedophiles, facilitating massive money-laundering schemes and terrorist-financing have branded Westpac, deservingly, an instant pariah of the banking world. As regulatory intelligence expert Nathan Lynch reveals here however, Westpac is unlikely to be alone. The story behind the story is industrial scale tax avoidance, the concealing of enormous cross-border payments. Armstrong said the AUSTRAC case was going to be a...

Corbyn is not an anti-Semite. His real sin is to fight against injustice in the world, including the version Israel perpetrates Corbyn is not an anti-Semite. He never was. His real sin is his staunch position against injustice in the world, including the version Israel perpetrates. Today this is anti-Semitism. The Hungarian Viktor Orban, the Austrian Freedom Party and the extreme right in Europe are not the danger to Jews. Corbyn is the enemy. The new and efficient strategy of Israel...

The was no Russian government campaign to influence the 2016 election. There was only a Russian commercial media enterprise that used sock-puppet accounts with quirky content to attract viewers and sold advertisement space to U.S. companies. The IRA also bought advertisement to attract more people to its accounts. But the amount it spent was tiny. The final price tag for the 2016 election was $6.5 billion for the presidential and congressional elections combined. The IRA spend a total...

The UK has one of the most extreme forms of capitalism in the world and we urgently need to rethink the role of business in society. That's according to Prof Colin Mayer, author of a new report on the future of the corporation for the British Academy. Prof Mayer says that global crises such as the environment and growing inequality are forcing a reassessment of what business is for. "The corporation has failed to deliver benefit beyond shareholders, to its stakeholders and its wider...