Mike Norman Economics

Review of Giants: The Global Power Elite by Peter Phillips (Introduction by William I. Robinson). New York: Seven Stories Press, 2018. LCCN 2018017493; ISBN 9781609808716 (pbk.); ISBN 9781609808723 (ebook); 353 pps. Giants: The Global Power Elite, by Peter M. Phillips, Professor of Political Sociology at Sonoma State University, opens with a stated intention of following in the tradition C. Wright Mills’ The Power Elite. This book is clearly meant to be a contemporary update and expansion...

Moon of AlabamaNew Study: "Russian Trolls" Did Not "Sow Discord" - They Influenced No One Naked Keynesianism — Hemlock for economics studentsVenezuela and the embargo Matias Vernengo | Associate Professor of Economics, Bucknell University The Vineyard of the SakerThe road toward Greater Eurasia Iran’s ‘Only Crime Is We Decided Not to Fold’ Pepe Escobar Sputnik InternationalHuawei CEO Warns Trump the Point of No Return is Near as Trade Ban Remains Intact Leaked Docs Obtained by Labour...

Italy took a hard line against bankers involved in helping Banca Monte dei Paschi di Siena SpA falsify its accounts, sentencing 13 executives and managers to jail terms and fining the banks that worked with the Italian lender. Monte Paschi ex-Chairman Giuseppe Mussari was sentenced to 7.6 years in prison. Deutsche Bank officials Michele Faissola and Michele Foresti and Nomura’s Sadeq Sayeed, Raffaele Ricci also received jail terms. Deutsche Bank and Nomura face fines and seizures totaling...

The Council “welcomes the outcomes of the visit conducted by the General Secretariat’s delegation upon invitation from the People’s Republic of China; commends the efforts of the People’s Republic of China in providing care to its Muslim citizens; and looks forward to further cooperation between the OIC and the People’s Republic of China,” the resolution read. The OIC has 57 member states, and aims to provide “the collective voice of the Muslim world.” Its Council of Foreign Ministers...

More importantly, the trend at the NATO foreign ministers’ meeting at Brussels on November 19-20, in the run-up to the London summit, showed that despite growing differences within the alliance, member states closed ranks around three priority items in the US global agenda — escalation of the aggressive policy toward Russia, militarisation of space and countering China’s rise.... The only sure way to ensure permanent US hegemony is to break Russia and China into smaller countries that can...

Economic imagery pervades societal discourse. Part of this imagery projects markets as existing everywhere; the common societal parlance sees talk of the car market, the grocery market, the computer market, or, simply, the market. Yet, excepting traditional marketplaces or medinas, these markets have no physical manifestation. Unlike with other major social institutions there is no where to visit; there is no headquarters. Instead, markets are said to exist when there are competitors in...

This article is an edited draft of the introductory section of my book. I filled it in last, on the theory that I should only state what is in the text after the rest of it is finished. I am giving the manuscript a short look-over before passing along to editing. Realistically, the earliest publication date will be in early January. The text is longer than my previous works, at around 60,000 words. Has quite a few figures depicting historical data and simulation results (haven't counted,...

Teeing up some new ass to kick closer to home...  maybe Brazil can go north and we can go south... meet in the middle somewhere...Donald Trump says the U.S. will designate Mexican drug cartels as terrorist groups https://t.co/gAfDwThpQc— Bloomberg (@business) November 27, 2019

Greece up big this year... continued benefit from the fiscal transfers thru the ESCB...The world's best performing stock market is... #Greece. Up 42% so far this year. But how much of the Greek people have actually benefited from it? pic.twitter.com/LJQPpRusu5— jeroen blokland (@jsblokland) November 13, 2019

With ECB asset purchases resuming, DB now having to liquidate risk assets to increase non-risk to maintain regulatory compliance... not good...Deutsche Bank recently sold securities tied to EM debt with a notional value of about £40 billion to Goldman Sachs: https://t.co/b7x8Woug7Y via @markets— Paul Dobson (@paul_dobson) November 27, 2019