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.
Regionalization Is Replacing Globalization, Kazakh President Says
17Jun By Patti MohrNo Comments
Globalization, Global Disintegration, Types of News: Brief

Regionalization Is Replacing Globalization, Kazakh President Says

Kazakhstan Aims To Strengthen Economic Ties With Eurasian Economic Union, China And India June 17, 2022—As global trade breaks apart into regional blocks, Kazakh President Kassym-Jomart Tokayev says Kazakhstan aims to strengthen trade and economic ties with the Eurasian Economic Union. "The key partner for Kazakhstan has always been Russia," Tokayev said, adding that he intends to "fully respect commitments to traditional partners." The union is led by Russia and includes Armenia, Belarus, Kazakhstan and Kyrgyzstan. Furthermore, Tokayev said he sees the union of post-Soviet states building stronger ties with China, India and the Middle East. "Kazakhstan firmly believes that Eurasia is our common house, and the states of our continent must closely cooperate together," Tokaye...
Read More
China’s Xi Pushes Globalization At Russia’s ‘Davos’
17Jun By Patti MohrNo Comments
Globalization, Global Disintegration, Types of News: Brief

China’s Xi Pushes Globalization At Russia’s ‘Davos’

June 17, 2022—China's President Xi Jinping emphasized the importance of globalization and an open world economy as he addressed Russia's St. Petersburg International Economic Forum. Addressing the forum virtually, Xi warned that economic globalization is facing headwinds, according to the Chinese Foreign Ministry. "We need to advance economic globalization," Xi said. He called on attendees to reject "attempts at decoupling, supply disruption, unilateral sanctions and maximum pressure." According to a Russian-owned media outlet the RT, Xi said trade between China and Russia is growing. Western Sanctions Impact Furthermore, China's state-run media outlet CGTN reported that Western sanctions against Russia dominated discussions at this year's forum. Xi said China is ready to wor...
Read More
As Nicaragua Invites Russian Troops To Central America, U.S. Responds
17Jun By Patti MohrNo Comments
Communism, Dictatorship, Geopolitics, Sanctions, Types of News: Brief

As Nicaragua Invites Russian Troops To Central America, U.S. Responds

U.S. Treasury Sanctions State-Owned Gold Mining Firm June 17, 2022—Citing Nicaragua's closer ties with Russia and political oppression at home, the U.S. Treasury issued new sanctions today targeting a Nicaraguan mining company and a government official. Specifically, it targets Empresa Nicaraguense de Minas (ENIMINAS), a state-owned gold-mining company, and Ruy Lopez Delgado, the head of the enterprise. Nicaragua Welcomes Russian Military The sanctions action comes just days after Nicaragua's parliament approved a decree to allow Russian troops to enter the Central American country. Nicaraguan President Daniel Ortega invited Russian troops into his country to carry out law enforcement duties and conduct joint military exercises, ABC News reported earlier this month. On J...
Read More
WTO Ministers Reach Multiple Agreements
17Jun By Patti MohrNo Comments
Global Trade, Types of News: Brief

WTO Ministers Reach Multiple Agreements

WTO concluded its 12th Ministerial Conference in Geneva on June 17, 2022 Geneva Summit Concludes With Trade Accords On Fisheries, Vaccines, Food Safety, AND WTO Reform June 17, 2022—Delegates at the World Trade Organization reached multiple deals on trade this week. At the conclusion of an in-person ministerial summit held in Geneva, the WTO announced agreements on fisheries subsidies, intellectual property, digital trade, rules for COVID-19 vaccines, food safety and agriculture, and WTO reform. "The outcomes demonstrate that the WTO is, in fact, capable of responding to the emergencies of our time,” said WTO Director-General Ngozi Okonjo-Iweala. “They show the world that WTO members can come together, across geopolitical fault lines, to address problems of the global commons, ...
Read More
Path To Normal For ECB Poses Challenges To High Debt Countries
15Jun By Patti MohrNo Comments
Currency, Debt, National Budgets & Interest Rates, Europe, EU, Eurozone, Types of News: Bit

Path To Normal For ECB Poses Challenges To High Debt Countries

June 15, 2022— As the central bank for the Eurozone pursues a path to normal policies, the risk it now faces is uneven impact among the 19-member countries. Borrowing costs in so-called vulnerable countries like Italy, Greece, and Spain are soaring in response to monetary tightening last week by the European Central Bank (ECB). Now fragmentation of the Eurozone is a concern. As a result, the ECB announced today it is adjusting its plans. For one, the ECB will consider the vulnerabilities when reinvesting payments maturing from its pandemic relief program, known as PEPP. Those reinvestments of maturing PEPP payments are scheduled to continue through 2024. The program's worth is estimated at 1.85 trillion euro ($1.9 trillion), according to the New York Times.
Read More
Biden Announces Plan For Stabilizing Migration In The Americas
10Jun By Patti MohrNo Comments
Migration, Immigration, Borders, Types of News: Brief

Biden Announces Plan For Stabilizing Migration In The Americas

Source: Jill Biden via Twitter June 10, 2022—Hosting the Summit of the Americas this week, U.S. President Joe Biden is coming away with some outcomes. Primarily, the White House announced plans coordinated with countries in Central America, South America, Canada and Spain. Since Biden took office in 2021, illegal immigration across the U.S.-Mexican border has skyrocketed. U.S. border patrol encounters grew from 405,036 in 2020 to 1.2 million by 2022, according to statistics by the U.S. Customs and Border Protection. Source: CBP.gov Here are a few takeaways from the White House fact sheet: The United States promised to provide guidance for temporary migrant workers, resettle 20,000 refugees from the Americas in 2023 and 2024 and increase resettlement of Haitians, and provide ...
Read More
OECD Ministers Emphasize ‘Shared Values,’ Open Path To New Members
10Jun By Patti MohrNo Comments
Diplomacy, Organizations, IMF, WTO, G7, Types of News: Bit

OECD Ministers Emphasize ‘Shared Values,’ Open Path To New Members

June 10, 2022—Ministers from the 38-member organization of Western powers focused on coordinating a response to economic challenges coming primarily from Russia's war against Ukraine. In operation since 1960, the Organisation for Economic Co-operation and Development is drawing up plans to unite around an agenda of democratic values, climate action and expansion. The group is making way for new members to join, and Brazil, Bulgaria, Croatia, Peru, and Romania are the primary contenders. After a two-day meeting, OECD ministers released a 17-point statement. It set goals, such as avoiding protectionism, including export restrictions, restoring trust in democratic participation, regulating digital transformation, reforming international tax systems, and maintaining a rules-based internatio...
Read More
U.S. Prices Continue To Climb
10Jun By Patti MohrNo Comments
Global Economics, Types of News: Bit

U.S. Prices Continue To Climb

Inflation Rate Hits 8.6 Percent In The United States June 10, 2022—The Consumer Price Index for U.S. goods and services inched up in May, bringing the U.S. inflation rate to 8.6 percent. Fuel prices rose 16.9 percent for the month and just over 106 percent for the year. Related goods and services like transportation and utility gas services followed with the highest increases on the Dept. of Labor's CPI Data. Meanwhile, prices on used cars and trucks climbed 16 percent higher over the last 12-months. Likewise, food prices rose 10 percent.
Read More
ECB Begins ‘Gradual’ Tapering Its Stimulus
10Jun By Patti MohrNo Comments
Currency, Debt, National Budgets & Interest Rates, Types of News: Brief

ECB Begins ‘Gradual’ Tapering Its Stimulus

Central Bank To Leave Some Interest Rates Unchanged While Raising Others By 0.25 Photo by Pixabay on Pexels.com With worsening supply-chain disruptions and inflation in Europe rising to 8.1 percent, the European Central Bank is planning to taper its massive monetary stimulus policies. On July 1, the ECB plans to raise its set of interest rates by 25 basis points. ECB President Christine Lagarde signaled the bank would do so again in September if needed. The bank will also stop net asset purchases. The bank said its approach is one of "gradualism." "I think in times of great uncertainty, gradualism is probably appropriate, more so than if the path is clear, well-identified and we all understand where we are heading," Lagarde said. In line with that, the bank is leaving some ...
Read More
INTERVIEW: Mexico’s Case Against The Gun Industry
9Jun By Patti MohrNo Comments
Arms Sales, Military Industry, Types of News: Videos

INTERVIEW: Mexico’s Case Against The Gun Industry

June 9, 2022--As attention grows in the United States about gun laws, America's neighbor on its Southern border is awaiting an outcome of its lawsuit against U.S. gun makers. Mexico is asking for injunctive relief. This is Part 1 of 2 videos where GER's Editor Patti Mohr discusses the case with Bill Slomanson, professor of law at Thomas Jefferson School of Law. He currently teaches International Human Rights Law for San Diego State University’s Osher Institute and the University of San Diego’s University of the Third Age. https://youtu.be/UfTXSsR8N24
Read More

Contact Us