Mike Norman Economics

Shadow chancellor sets out plan to end in-work poverty and cut working week to 32 hours Larry Elliott is one of the few people at the Guardian who's still on the left. He was always anti the EURO and now we know he was right.Productivity has greatly gone up over the years, but pay and hours worked hasn't changed, says John McDonnell. All the gains have gone to the wealthy.The Confederation of British Businesses say we can't afford a cut in the working week, and I guess they will cite that's...

A far-right US soldier arrested by the FBI for plotting domestic bomb attacks sought to join Ukraine’s neo-Nazi Azov Battalion, which was directly armed and advised by the American government A far-right soldier in the United States Army has been arrested by the FBI for plotting bomb attacks targeting American media outlets and Democratic politicians. The shocking arrest of the US soldier is the latest example in a long list of cases of what intelligence agencies refer to as...

Canadian researcher Dr. Evelyn Forget says guaranteed income “works as an antidepressant.” At junior school they told us a story about how the Sun and the Wind wagered over who could get a man to take his coat off. You may have seen it as a children's cartoon. The Wind blew and blew, but the man just held hard into his coat, and then it was the Sun's turn and he made the world sunny and warm and the man glady took his coat off. One tried to force the man and it didn't work, but the other...

It's why you don't have any.

European Central Bank President Mario Draghi said the Governing Council should be open to ideas such as Modern Monetary Theory, while noting they’re closer to fiscal policy and should be directed by governments. “These are objectively pretty new ideas,” Draghi said. “They have not been discussed by the Governing Council. We should look at them, but they have not been tested.” Bloomberg  Fergal O'brien - Draghi Says ECB Should Examine New Ideas Like MMT

An article in the South China Post had an headline saying, The US or Britain might save the Hong Kong protestors, or pigs may fly. I saw a video footage on Twitter where scores of protestors attacked an old man at a subway with clubs and lumps of wood. One protestor got right in front of him and pounded him left and right in the face for a good 30 seconds. It was finished off by a young woman beating him over the head repeatedly with a batton before she run off. He survived in one piece,...

I had 7 bookcases in my house at one point. I worked out that if each book was worth on average £10, then 10 books was worth £100. This was 30 years ago. 10 books doesn't take a lot of space, so, no wonder I never had any money.The bird spotters get the twitches when they see a rare bird, and I used to get something similar when I spotted a great new book.Some people can only get excited when are doing some sort of daredevil act, like hanging off the side of a mountain, which maybe similar...

Iranians don't hate Americans, and if you believe that, then you have been taken in by the propaganda, says Peter Santenello. They don't like Pompeo very much, though. [embedded content]

The US thinks it's exceptional because of its 'democracy', its 'freedom loving people', its 'capitalism', etc, but 'exceptional' turns out to be more about white supremacy.Part of title of the book is American Innocence, where Washington believes it has never done anything wrong. War after war, but the US is the 'good guy' . It runs an industrial killing machine, backs mercenary jihasist terrorists all over the World, but it remains 'exceptionally good', while all others are 'exceptionally...

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