Friday, March 14

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.
Military Forces Prepare For The Worst In And Around Ukraine
25Jan By Patti MohrNo Comments
Diplomacy, Types of News: Brief

Military Forces Prepare For The Worst In And Around Ukraine

Negotiations Between Russia And the West Continue Even As Military Forces Prepare For Conflict January 25, 2022--Negotiations between Russia and the United States, Europe, and the NATO Alliance quickly slipped from fair to bad to worse last week, and yet diplomatic talks continue. Ukraine is at the center of attention. At issue is its territorial integrity as well as its future military allegiance and alliance. Ukraine is a former Soviet state about one and a half the size of the state of California. It borders seven countries: Russia, Belarus, Slovakia, Poland, Hungary, Romania, and Moldova. Boundaries, NATO & Tensions For years, if not decades, it's been caught between a geopolitical struggle between Russia and the West. But tensions in that struggle have never been w...
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Australia Has Ruled, And It’s A Grand-Slam Crackdown On Speech
16Jan By Patti MohrNo Comments
Democracy, Domestic Politics, Migration, Immigration, Borders, Type of Post: Essays & Travel Writing, Types of News: Analysis

Australia Has Ruled, And It’s A Grand-Slam Crackdown On Speech

Three-Panel Judge Backs Immigration Official's Right to Make Personal Decision over Visa Status January 16, 2022—A three-judge panel made a decision today in the case of Novak Djokovic versus an immigration minister, and the decision is final. The 20-time-Grand Slam title champion lost his appeal to stay in the country; the government's deportation order stood, and Novak Djokovic left the country. Game over. What Happened? The troubling part of the story is the legal reasoning behind the decision. The court order on January 16 said, "reasons to be published at a later date." Ruling by three-judge panel that gave the final word in the Novak Djokovic visa case. In short, it was not because of Djokovic's vaccination status or visa status. Either one of those issues, if they ...
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Status of the World’s Vaccination Levels
15Jan By Patti MohrNo Comments
Global Economics, Organizations, IMF, WTO, G7, Types of News: Brief, Types of News: Infographic

Status of the World’s Vaccination Levels

Vaccination Status Varies Widely By Country January 15, 2022--With the recent toss up over tennis great Novak Djokovic's vaccination status in the land down under, it is worth looking at the wider story of the vaccine distributions around the world. In terms of global health and economic recovery from the 2020-2022 pandemic, there is no issue more relevant than vaccine distribution. Even though the current makeup of vaccines are not strong enough to prevent infection with the Omicron variant, as the World Health Organization acknowledged this week, anecdotal evidence suggests they still prevent worst-case scenarios for the people who catch it. The maps below show which countries are on track for achieving mass vaccination and which are not. In the first picture, the depiction show...
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The Irony of Cancelling Novak Djokovic
14Jan By Patti MohrNo Comments
Domestic Politics, Types of News: Analysis

The Irony of Cancelling Novak Djokovic

Tennis star Novak Djokovic faced a worldwide "circus" and firestorm this week over his decision to travel while unvaccinated. Australia Pulls Plug on Tennis Star's Visa Exemption over Vaccine Status It’s with great irony that an Australian immigration minister is leading what appears to be a massive public punishment against the world’s top tennis star just ahead of the Australian Open. And yes, it is over his vaccine status. Yes today, amid much of a media storm this week about the visa and vaccine status of Novak Djokovic ahead of the Australian Open, an immigration official pulled the plug. It’s not exactly an example of cancel culture. But it’s close. “Today I exercised my power under section 133C(3) of the Migration Act to cancel the visa held by Mr Novak Djokovic on...
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World Health Organization Recommends New COVID-19 Vaccines
12Jan By Patti MohrNo Comments
Globalization, Global Disintegration, Organizations, IMF, WTO, G7, Types of News: Brief

World Health Organization Recommends New COVID-19 Vaccines

Omicron Variant Marks A New Cycle In Vaccine Manufacturing To ensure vaccines intended to prevent COVID-19 work, manufacturers should update the compositions of the current vaccine, according to a 16-member technical advisory group for the World Health Organization. The recommendation comes as the Omicron variant of COVID-19 sweeps through communities around the world. In a statement issued yesterday, the technical advisory group encouraged vaccine developers to study immune responses for their vaccines against the new variants of concern. To date, there are five known variants of concern:  Alpha, Beta, Gamma, Delta and Omicron. "While the Omicron variant is spreading rapidly across the world, the evolution of SARS-CoV-2 is expected to continue and Omicron is unlikely to be the la...
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US Inflation Climbs Higher To 7 Percent
12Jan By Patti MohrNo Comments
Currency, Debt, National Budgets & Interest Rates, Global Economics

US Inflation Climbs Higher To 7 Percent

January 12, 2022--After a year of rising prices in the United States, U.S. inflation climbed even higher in December. Even with energy prices dipping down in the month, the Consumer Price Index rose 0.5 percent, bringing inflation up to 7 percent for the year. To date, the U.S. Federal Reserve has held its federal funds rate near record lows. It is currently at 0.8 percent, despite the rising consumer prices. At his confirmation hearing in the Senate Banking Committee yesterday, Federal Reserve Chairman Jerome Powell said the central bank would respond to rising inflation. ItemPrice Change (as a percent)All Items7Food6.3Food At Home6.5Food Away From Home6Energy29.3Energy Commodities48.9Gasoline49.6Fuel Oil41Energy Services10.4Electricity6.3Utility Piped Gas24.1Commodities (not inclu...
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IMF: Crypto, Stocks Surged In Response To Central Bank Policies Since 2020
11Jan By Patti MohrNo Comments
Big Tech, Digital Economy, Cryptocurrency, Currency, Debt, National Budgets & Interest Rates, Europe, EU, Eurozone, Types of News: Brief, United States

IMF: Crypto, Stocks Surged In Response To Central Bank Policies Since 2020

In Effect, The Policies Pose The Risk Of Shocks To The Financial Systems Photo by BTC Keychain January 11, 2022--Cryptocurrencies and stock market equities skyrocketed as central banks produced loose monetary policies amid the 2020 global pandemic. Although cryptocurrency prices and some high-growth stocks have dipped since the start of the year, they both "surged amid easy global financial conditions," the International Monetary Fund reported on today. That may come as no surprise among high finance investors who carefully watch interest rates established by central banks, especially those in the United States and Europe. But today's report by the IMF appears to be the first acknowledgment from the multilateral organization that government agencies are fueling the boom in r...
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Geneva Talks Avert US-Russian Conflict Over Ukraine, For Now
10Jan By Patti MohrNo Comments
Diplomacy, Types of News: Brief

Geneva Talks Avert US-Russian Conflict Over Ukraine, For Now

January 10, 2022--U.S. and Russian diplomats meeting in Geneva this week face a tall task: Deescalate tensions over Ukraine. Russia has around 100,000 troops positioned near the Russian-Ukrainian border. Meanwhile, the United States is saying it will strengthen its defensive agreement with Ukraine. So far, the meetings appear to be promoting diplomacy as the answer. Since the leaders from the two countries met virtually just over a month ago, both sides have significantly raised the stakes and preferred worst-case scenarios. US-Russian diplomats met in Geneva Jan. 10, 2022. Deputy Secretary of State Wendy R. Sherman represented the United States to meet with Sergey Ryabkov, Russian's deputy foreign minister. Russia Seeks Security Guarantees Russian President Vladimir Putin laid...
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Capital Attack Case ‘Far From Done,’ Justice Dept Says
6Jan By Patti MohrNo Comments
Democracy, Types of News: Analysis, United States

Capital Attack Case ‘Far From Done,’ Justice Dept Says

On the first anniversary of the attack on the U.S. Capitol by American protestors, the U.S. Justice Department said its ongoing investigation has resulted in more than 725 arrests nationwide and would continue to "follow the facts wherever they lead." "Those involved must be held accountable, and there is no higher priority for us at the Department of Justice," Attorney General Merrick B. Garland commented in a speech. "In the aftermath of the attack, the Justice Department began its work on what has become one of the largest, most complex, and most resource-intensive investigations in our history." January 6, 2021 It was a day that showed the fragility of the U.S. democratic republic. A new president had been elected, and the U.S. Congress was fulfilling its constitutional duty t...
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Central Banks Fuel Stock Market Expansion in 2021
30Dec By Patti MohrNo Comments
Currency, Debt, National Budgets & Interest Rates, Finance, Investing, Global Economics, Types of News: Analysis

Central Banks Fuel Stock Market Expansion in 2021

Low-Interest Rate Environment Also Contributing To Rising Cost of Housing December 30, 2021--With near-zero interest rates by central banks in the United States and Europe, companies raised $12 trillion in 2021 sales of stocks, bonds, and new loans. That's up 17 percent from 2020, according to reporting by the Financial Times. Low-interest rates make borrowing easier and increase the money supply. The downside is they encourage riskier investments, benefit those who already own assets, and can skew the societal risk toward inflation. In effect, investors benefit while consumers pay more. Cash to Keep Flowing in 2022 The trend is likely to continue in 2022. Research by J.P. Morgan suggests the U.S. Federal Reserve will continue a "broadly accommodative" policy despite its tape...
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