Real average wages decline, while real aggregate payroll gains remain below peak  – by New Deal democrat With the report on September inflation yesterday, we can update two measures of how well average American workers are doing: real average wages and real aggregate payrolls. Nominally wages increased 0.2% for the month. With consumer prices up 0.4%, real wages declined -0.2%: Real wages had been in an increasing trend since gas prices...

State of Global Water Resources 2022, World Meteorological Organization, wmo.int. The hydrological cycle is undergoing significant changes, with increasing global variability. Mainly due to climate change and human interventions. Living with Water Scarcity, Angry Bear, Dan Crawford, Living with Water Scarcity (2nd edition), The one-handed economist, David Zetland. ...

FOMO rallies and emotional trading is what dooms investors and gives knowledgeable investors big rewards.

[unable to retrieve full-text content]IMF showdown with China in Morocco, October 12, 2023 This year’s annual IMF/World Bank meetings in Morocco are the most explicitly confrontational yet by US/NATO diplomacy toward China and its fellow BRICS+ allies. It is not really rivalry, because US neoliberal financial policy is so different from the aims that the BRICS+ countries have been Continue Reading The post Twice as Important first appeared on Michael Hudson.

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Global focus just shifted from Ukraine to Palestine. This new arena of confrontation will ignite further competition between the Atlanticist and Eurasian blocs. These fights are increasingly zero-sum ones; as in Ukraine, only one pole can emerge strengthened and victorious.More on the intersection of geopolitics and geoeconomics. Unfortunately, the direction is toward military-technical solutions.The CradleThe geopolitics of Al-Aqsa FloodPepe Escobar

It appears that one important source of the appalling success of the Hamas terrorist invasion of Israel was their use of Drones. Israel relied on a medium tech remote sensing and viewing system with video cameras and remote-controlled machine guns connected to controllers through a cell-phone like system. Hamas used drones to knock out the cameras, machine guns, and, especially, the cell-towers. This means they could enter Israel without being...

Currently US ally Israel is responding to a massive terrorist invasion. The US response is slightly hampered by the fact that the  United States has “no confirmed ambassadors to Israel, Egypt, Oman, or Kuwait”, also “the counterterrorism envoy position and human rights envoy position as well as the top job at the U.S. Agency for International Development are unfilled. ” ” these nominations … have been held in limbo all these months thanks to...

There's no moral hazard: Chief Economist of Bank of China International (China) breaks down China's local govt debt into three dimensions: data, the "China model", and central-local govt relationship.Long and detailed article on how China's government finance works.In reality, the key determinant of government debt sustainability does not lie with the size of the debt but rather factors like inflation and international trade balances. As long as inflation remains subdued and international...

Blog What next for the clean energy transition After party conference season, the opportunities for and challenges to a clean energy transition are even clearer By Chaitanya Kumar 13 October 2023 In recent months, both of the main political...