Mike Norman Economics

Putin pokes the US in the eye.ReutersPutin proposes Russian weapons for Saudi Arabia after oil industry attacks

While US officials were quick out of the gate to allege an Iranian attack on Saudi Aramco facilities launched from Iraq early Saturday, a theory which the WSJ said was focus of an ongoing US-Saudi investigation, Iraq's government issued a firm denial on Sunday, which followed Iran's own denial that condemned Washington's "maximum lies".... But crucially the Houthis have defiantly announced it's not over: "The rebel group said its weapons could reach anywhere in Saudi Arabia. Saturday’s...

Putin apparently conflicts with the Stavka (Russian General Staff) and Foreign Ministry.(Xi is facing similar pressure from the PLA (People's Liberation Army) over what it perceives as Western aggression in the South China Sea, Taiwan, and Hong Kong.)Dances with BearsPUTIN ENDORSES NETANYAHU FOR RE-ELECTION – SHOIGU AND LAVROV REACT John Helmer

This may seem to be ho-hum news but it is isn't. The US is now trying to limit China's technological advance and one means of doing this is limiting education of Chinese students in American universities. Russia is one of the most technologically advanced nations on earth, in military hardware in particular. Chinese students will be educated there instead of the US.  Chinese accession to Russian weapons, including the most advanced weapons available for export, is the worst nightmare for...

The conscientious judges of the European Court of Human Rights published a judgement a fortnight ago which utterly exploded the version of events promulgated by Western governments and media in the case of the late Mr Magnitskiy. Yet I can find no truthful report of the judgement in the mainstream media at all. The Magnitsky Hoax has been a major card played in imposing sanctions on Russia.Craig Murray BlogThe Magnitskiy Myth ExplodedCraig Murray, formerly British ambassador to Uzbekistan...

Looks like Trump isn't buying this latest OPEC scam...Because we have done so well with Energy over the last few years (thank you, Mr. President!), we are a net Energy Exporter, & now the Number One Energy Producer in the World. We don’t need Middle Eastern Oil & Gas, & in fact have very few tankers there, but will help our Allies!— Donald J. Trump (@realDonaldTrump) September 16, 2019

Wow, it's got to be worth going on holiday in China just to travel on this road. Stunning! [embedded content] Tweet by eva ZhengThe sky road for poverty alleviation - more than half of the $3.3bn Yaxi expressway are tunnels n viaducts thru mountains, it took 5 years to build. By connecting the mountainous region to the south n north of China, it helps millions of Tibetan, Muslim Hui people out of poverty.https://t.co/AJfs7inAN9

Financial sector is rattled by John McDonnell’s support for an FTT that would raise about £7bn a year When asked at an event last week if he would support a new plan that would raise an estimated £7bn a year for the exchequer, the shadow chancellor, John McDonnell, had a one-word answer: yes. The proposals were unchallengeable, he said. That’s not true, obviously. Labour’s plans for a financial transaction tax (FTT) were being challenged even as McDonnell spoke. The City has enormous...

Thomas Pilketty is getting bold. I think he is right, we do need radical solutions.One of the reasons the Right online have so much trouble winning arguments with me is that I agree with them about the benefits of markets. I needed a part for my 20 year old lawnmower the other day, so I looked on eBay and found it for about £4.50, including postage. Amazing!The government can't micro manage the economy, so it's best to let people get on with it themselves. But unfettered markets cause too...

Project Syndicate — Say MoreJayati Ghosh Says More... The Vineyard of the SakerRussia prevents Israeli airstrikes in Syria The Saker FAIRRussia Has ‘Oligarchs,’ the US Has ‘Businessmen’ - In 150 NYT, CNN and Fox articles, ‘oligarch’ seems reserved for Slavic billionaires Alan MacLeod Oilprice.comU.S. And Russia Battle It Out Over This Huge Iraqi Gas Field Simon Watkins Craig Murray BlogThe World’s Most Important Political PrisonerCraig Murray, formerly British ambassador to Uzbekistan...