Friday, November 15

Author: Patti Mohr

Patti Mohr is a U.S.-based journalist. She writes about global diplomacy, economics, and infringements on individual freedom. Patti is the founder of the Global Economic Report. Her goal is to elevate journalistic principles and share the pursuit of truth in concert with others.
Turkey And Russia Discuss Energy Deals, Trade in Food
13Oct By Patti MohrNo Comments
Energy Policy, Oil & Gas, Geopolitics, Types of News: Brief

Turkey And Russia Discuss Energy Deals, Trade in Food

October 13, 2022—On the sidelines of a conference in Kazakhstan, Turkish President Tayyip Erdoğan met with Russian President Vladimir Putin. The two leaders discussed trade of Russian grain and fertilizer and plans for Russia to run nuclear plans in Turkey. Energy Deals In addition to the nuclear deals in Turkey, they also discussed transporting Russian gas through Turkey via its ferry system. Putin said Turkey is "the most reliable route to deliver gas to the European Union," according to various news sources that quoted the Kremlin. He added that the hub in Turkey would be a "platform not only for supplies, but also for determining the price." Turkey To Transport Grain And Fertilizer Erdogan said facilitating trade of grain and fertilizer from Russia to other countries is of...
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NATO Reaffirms Support For Ukraine, Strengthens Air Defense
13Oct By Patti MohrNo Comments
Arms Sales, Military Industry, Geopolitics, Types of News: Brief

NATO Reaffirms Support For Ukraine, Strengthens Air Defense

Photo by Kongsberg October 13, 2022—As NATO ministers met in Brussels yesterday and today, Russia's bombardment of Ukraine's capital and nine other cities was fresh on their minds. The war intensified, and NATO and the G7 nations of Western countries strengthened their support for Ukraine. Ukraine has asked the military alliance of 30 countries to fast track its request for membership. Russian President Vladimir Putin warned that would lead to World War II. And many NATO-member leaders took heed. "We do not want world war," French President Emmanuel Macron said on Twitter. Germany, meanwhile, is leading the effort to strengthen Europe's military defense. Air Defense System While NATO treads lightly on expansion. Today, 14 NATO members agreed to jointly develop an air de...
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A ‘Bomb Beneath The Multilateral System’
13Oct By Patti MohrNo Comments
Geopolitics, Globalization, Global Disintegration, Types of News: Quotes

A ‘Bomb Beneath The Multilateral System’

October 13, 2022—European Council President Charles Michel described a geopolitical shift due to the Russia-Ukraine war in an address to the Council. European Council President Charles Michel on a geopolitical transition. "And this war is also, in a way, a bomb that has been placed beneath the multilateral system. As well we know – more or less intuitively, more or less rationally – without a doubt, we are at this very moment being thrown into a sort of geopolitical transition towards a new chapter, a different chapter in the history of international relations."-European Council President Charles Michel, October 10, 2022 speech
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The World’s 10 Largest Investment Firms
12Oct By Patti MohrNo Comments
Finance, Investing, Types of News: Infographic

The World’s 10 Largest Investment Firms

Who's Managing the World's Money? October 18, 2022—As public officials increasingly look to private money to solve global issues like climate change, it is worth devoting more attention to the world of investment management. It is a multi-trillion dollar industry impacting decisions on investments and money flows. Asset management (AUM) includes mutual funds, ETFs, hedge funds and other structured funds managed by investment firms. Today, the largest asset management firm is BlackRock. Two of the top 10 largest are headquartered in China. Notably, the largest ten asset management firms oversee $38 trillion in investments. Their decisions impact corporate boards, company decisions, climate action, and the bottom line. Source: Mohr Media Last year, asset management by the world's...
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ESG And GOP Don’t Mix
11Oct By Patti MohrNo Comments
Climate Action, ESG, Sustainable Finance, Energy Policy, Oil & Gas, Types of News: Brief

ESG And GOP Don’t Mix

State treasurers from GOP-led states say ESG investing harms fossil fuel industries. US Republican Treasurers Withdraw $1 Billion From BlackRock Funds October 11, 2022—State treasurers from Republican-led states of Arkansas, Louisiana, South Carolina, Texas, and Utah aren't buying into BlackRock CEO Larry Fink's idea of the power of capitalism to make the world a better place. In fact, they are pulling their state's funds from BlackRock funds altogether. The state GOP treasurers say they oppose BlackRock's position on prioritizing environmental, social, and governance (ESG) in investment decisions. "Corporate America is now at war with the states that make their living in the fossil fuel business," said John Schroder, Louisiana State Treasurer, during a podcast interview with ...
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The End Of A Laissez-Faire Economy?
10Oct By Patti MohrNo Comments
Globalization, Global Disintegration, Types of News: Analysis, United States

The End Of A Laissez-Faire Economy?

Photo by Yibei Geng October 10, 2022—Free-market economies where business drives decisions based on supply and demand is still a concept. But many analysts are now asking how diligently is that concept being followed in practice? 'New Rules' for Business? Writing for the Financial Times, columnist Rana Foroohar says business leaders now have new rules to follow to succeed. For one, they need to cozy up to political bigwigs in Washington, D.C. It is not just that President Joe Biden and the Democratic-led Congress are enacting industrial policies, it is also a time of where the global economy is getting more competitive. Supply chains are regrouping and former trading partners are breaking up, or "decoupling." Ms. Foroohar says the U.S. government is not "yet in the business ...
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As The Fed Raises Rates, U.S. Debt Matters More
4Oct By Patti MohrNo Comments
Currency, Debt, National Budgets & Interest Rates, Types of News: Brief

As The Fed Raises Rates, U.S. Debt Matters More

October 4, 2022—For years, the policy wonks and heads of government departments told the public that the U.S. national debt didn't matter because borrowing costs were so low. Now, as the Federal Reserve leads central banks in raising interest rates, the price of debt suddenly matters. For the first time, the U.S. debt topped $31 trillion, U.S. Treasury reports. That's up from $16 trillion in 10 years. Moreover, that figure is set to rise. For one, Congress keeps spending more than it is taking in with revenues. By August, the government ran a budget deficit of $944 billion during the first 11 months of the fiscal year, the Congressional Budget Office reported. Here's a look at the FY2022 budget. Source: Treasury, August Monthly Statement Rising Costs of Deficits and Debt ...
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Ukraine Fast Tracks NATO Application After Russia Takes Territory
30Sep By Patti MohrNo Comments
Diplomacy, Geopolitics, Types of News: Brief

Ukraine Fast Tracks NATO Application After Russia Takes Territory

Ukrainian President Volodymyr Zelensky asked NATO to fast-track Ukraine's application on September 30, 2022. September 30, 2022—After Russia took four territories in Ukraine, Ukrainian President Volodymyr Zelensky applied to the NATO security alliance to fast-track Ukraine's application. "Today, here in Kyiv, in the heart of our country, we are taking a decisive step for the security of the entire community of free nations," Zelensky said today in an address to his nation. Zelensky asserted that Russia would have attacked other countries, such as the Baltic states, Poland, Moldova, and Georgia if Ukrainians had not stopped them. "Security has no alternatives. But determination is needed to guarantee it. We are taking our decisive step by signing Ukraine’s application for accele...
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U.S. Inflation Rattles Markets And Consumers
13Sep By Patti MohrNo Comments
Currency, Debt, National Budgets & Interest Rates, Types of News: Brief

U.S. Inflation Rattles Markets And Consumers

Once Dismissive Of Inflation, Fed Chair Draws Lessons About Economy From the 1970s September 13, 2022--One might guess that a fraction of a number like 0.1 would have little impact on the global economy. But that guess would be wrong. Today, the U.S. markets took a nose dive, and it was a fall unlike any other since June 2020. The S&P 500 fell 4.3 percent, while the tech-heavy NASDAQ fell 5.16 percent. It all came in response to inflation figures for August, and that's where the figure 0.1 matters. Inflation Holding Strong Economists had expected the inflation figure to drop by 0.1 percent for August. Instead, it rose by 0.1 percent. That means all items the Bureau of Labor Statistics tracks rose 8.3 percent for the year. According to the BLS release, food, shelter, and medica...
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Latin American Politics: Another Country Shifts Left
29Jun By Patti MohrNo Comments
Domestic Politics, Political Systems, Domestic Politics, Types of News: Videos

Latin American Politics: Another Country Shifts Left

Columbia Elects Gustavo Petro As Next President, Marking A Significant Shift In The Status Quo https://www.youtube.com/watch?v=8hLUn0rdhsM On June 19, Columbia completed its presidential election, and a man named Gustavo Petro won decidedly. It marks the first time the country elected a left-wing politician. Petro says he'll bring in a new "capitalism" and at the same time "redistribute the economy." Furthermore, he is a former guerilla fighter in the M-19 militant movement. What kind of Left will Petro represent? Will he strengthen the communist countries of Venezuela and Cuba and the dictatorship in Nicaragua? Or will he represent a populist Left that is ultimately accountable to the people? The shift in the political pendulum will likely present challenges to the United St...
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