Aside from short-lived booms in the 1990s and 2000s, US productivity growth has averaged just 1.2% from 1975 up to today after peaking above 3% in 1972.
As we detailed previously, adjusting for the WWII anomaly (which tells us that GDP is not a good measure of a country’s prosperity) US productivity growth peaked in 1972 – incidentally the year after Nixon took the US off gold.
The U.S. is communicating with North Korea about its nuclear program and testing Pyongyang’s appetite for negotiations, Secretary of State Rex Tillerson said in the first public acknowledgment by a senior administration official of direct contact on the matter. As Bloomberg reports,Tillerson, speaking to reporters on Saturday after meeting Chinese officials in Beijing, insisted that the U.S. would never accept a nuclear-armed North Korea.
North Korea has again been observed moving several missiles from a rocket facility in the capital Pyongyang, according to a report late on Friday by South Korea’s Korean Broadcasting System (KBS) rising speculation that the North is preparing to take more provocative actions. The last time a similar report emerged was at the start of September, which was followed just days later by a ballistic missile launch which flew over Japan.
Authored by Robert Parry via ConsortiumNews.com,
As the U.S. government doles out tens of millions of dollars to 'combat Russian propaganda', one result is a slew of new 'studies' by 'scholars' and 'researchers' auditioning for the loot...
The “Field of Dreams” slogan for America’s NGOs should be: “If you pay for it, we will come.”
As Congress and the U.S. news media continue to lose their collective minds over what appears to be a meaningless amount of advertising dollars purchased on Facebook by "potentially Russian linked" accounts, Julian Assange offered up a helpful reminder that if Silicon Valley's tech billionaires colluded with anyone in the months leading up to the 2016 election it was Hillary Clinton, who they all "wanted to win badly."