Saturday, March 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.
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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France Elects A Divided Government
23Jun By Patti MohrNo Comments
Political Systems, Domestic Politics, Types of News: Bit

France Elects A Divided Government

Macron addressed the country after the vote. June 23, 2022--In April, French President Emmanuel Macron defeated right-wing candidate Marine Le Pen in the presidential election. As the GER noted at the time, the run-off election showed that populism is still alive and well in the heart of Europe. This week, Macron lost control of the French National Assembly. In the second round of the parliamentary elections on Sunday, Macron's centrist coalition lost dozens of seats, leaving the political situation fragmented. The coalition still won 246 seats, but they lost an absolute majority of 289. Like Germany, the French multiparty system requires coalition building. "We must collectively learn to govern and regulate differently," Macron said as he addressed the nation after the vote. ...
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Biden Pitches 3-Month Gas Tax Holiday
22Jun By Patti MohrNo Comments
Energy Policy, Oil & Gas, Types of News: Bit

Biden Pitches 3-Month Gas Tax Holiday

June 22, 2022—With the prices at the gas pump adding to inflation and the congressional elections just around the corner, U.S. President Joe Biden is likely feeling the pressure. Today, he announced plans to bring down the price Americans are paying for gasoline by suspending the federal tax on it. The U.S. inflation rate hit 8.6 percent this month, with oil and gas prices leading the climb. Political pressure is mounting for the president to do something. Today, Biden asked Congress to waive the federal gas tax for three months. Consumers pay 18 cents in tax on every gallon. Furthermore, the president called on U.S. states to match that gas-tax holiday with reductions in gas tax of their own. And, finally, Biden asked oil refineries to turn more petroleum into gasoline. "By suspe...
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New U.S. Ban On Xinjiang-Made Products Goes Into Effect
22Jun By Patti MohrNo Comments
Global Trade, Human rights, Types of News: Brief

New U.S. Ban On Xinjiang-Made Products Goes Into Effect

Source: WSJ June 22, 2022—A new U.S. law banning products made in Xinjiang, China goes into effect today. It requires U.S. importers to pay close attention to goods that might have been produced by forced labor in Xinjiang Uyghur Autonomous Region. The list of products impacted includes cotton and textiles, hair products, and silicon. Some of the companies named in the import ban are already on the U.S. sanctions list. Last year, for example, the U.S. government ban solar products made in Xinjiang. The complaint by the United States is that the products are made with forced labor by the Chinese government of Uyghurs, Kazakhs, Kyrgyz, and other minorities. The region is known, according to a statement by the State Department,  for ongoing practices by the Chinese government...
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