Mike Norman Economics

Putting some numbers on it. Political CalculationsCalifornia's "Staggering" Homeless Count

Cyberwar — it's on. But still low grade.Sputnik InternationalMost Cyber Attacks in 2018 Came from US, Chinese Report Warns Sputnik InternationalBolton Says US Engaging in Offensive Cyber Ops to Show Russia, Others 'Price' of Interference Sputnik InternationalUS-China Trade War Only Part of Larger Global Conflict – Cyber Security Analyst RT‘They will pay a price’: Bolton says US has expanded ‘offensive cyber operations’ against Russia

Chinese tech giant Huawei is allegedly in discussions with Russia to implement the Russian Aurora operation system (OS) on its devices, the Bell reported on June 10th. Southfront Huawei In Discussions To Install Rostelecom’s Aurora OS On Its Devices: MediaSee alsoHopefully, all this will lead to more competition in the field of operating systems down the line. Once the Chinese, Russians and Indians gear up it is going to be a new game. And we are beginning to see that. Huawei's OS, which...

Two can play that game.Cold War on. US military-industrial complex elated.Sputnik InternationalChinese Flotilla Sails Between Okinawan Islands of Japan - Reports

I think this is partly correct. Probably more significant is the weaponizing of the USD in the economic aspect of hybrid warfare that the US is now carrying out against a number of countries a d sending a message that "you are either with us or against us" (ht G. W. Bush). Wars run two ways.Historically, gold has been the most secure reserve asset — the ultimate in safety, if one can protect one's gold holdings. Powerful nations are betting that they can do do in the event of loss of trust...

Simon Wren-Lewis's response to Bill Mitchell proves Bill's point. I can't wait to see Bill's smackdown, if he bothers to respond. I don't have the time to waste. SWL is out of his league here.SWL doesn't get that the conventional approach is neoliberal. Reiterating it and saying it is not neoliberal doesn't cut it. I have little hope that SWL or the rest of the left neoliberals will ever get it. They will have to be replaced. New StatesmanLabour's fiscal credibility rule isn't neoliberal...

The Trump administration likes the steps Bolsonaro took. It wants to starve Cuba of access to hard currencies that the body leasing of doctors provides. It is also one of the reasons why it targets Venezuela: Around 50,000 Cuban health professionals work in 66 countries worldwide, although around half of those work in Venezuela, with an additional 11,456 in Brazil. The Cuban doctors in Brazil are gone and the U.S. is pressing for those in Venezuela to leave. Trump's National Security...

The "Wall of Worry" gets higher every day.

Good pro-MMT article from Peter May contra the neoliberal left.Take-away: So I agree that distribution of power is important but I do think that knowing exactly where money comes can be mighty helpful in torpedoing that actual power, by better exposing its bogus ‘justification’. That is why I imagine many consider MMT to be progressive; not because its understandings are inherently so in themselves. But simply because, in order to avoid a fair and logical left of centre conclusion, you...

These are not the low-skilled jobs outsourced to China and soon to be transferred to Vietnam, Indonesia, etc., as wages rise in China and China becomes a pariah in the US owing to the media campaign. Add to that DJT's twist on immigration to expand HB-1 visas by offering a path to citizenship, basically poaching on other countries.Mint Press NewsHow NeoCon Billionaire Paul Singer Is Driving the Outsourcing of US Tech Jobs to Israel Whitney Webb