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.
Israeli, Palestinian Authority Leaders Met In Person, And That In Itself Is Significant
30Dec By Patti MohrNo Comments
Middle East, Types of News: Brief

Israeli, Palestinian Authority Leaders Met In Person, And That In Itself Is Significant

December 30, 2021--Although there are no peace talks in place between Israeli and Palestinian leaders, Palestinian leader Mahmoud Abbas met Israeli Defense Minister Benny Gantz in central Israel this week. It's significant in that it was the first time Abbas visited Israel in a decade. It also marks a sign of support by Israel for the weak Palestinian government. Abbas represents Palestinians in the occupied West Bank. His leadership is often overshadowed by the Palestinian leadership in Gaza, which is controlled by militant Hamas. The year has seen rising tensions between Israelis and Palestinians, including a 22-day war between Israel and Hamas in May. Meeting Outcomes According to reporting by the Times of Israel, Gantz announced on Wednesday that Israel will offer the foll...
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Russian Court Closes International Nonprofit Critical of the Soviet Union
29Dec By Patti MohrNo Comments
Human rights, Types of News: Brief

Russian Court Closes International Nonprofit Critical of the Soviet Union

December 29, 2021--A Russian court closed a human rights organization called International Memorial for failing to mark a number of its social media posts as coming from a "foreign agent," the BBC reported on Tuesday. On its website, International Memorial is a Moscow-based nonprofit organization “studying political repressions in the USSR and in present-day Russia.” According to reporting by the BBC, the court prosecutor called the organization a “public threat,” saying it receives money from the West and focuses on crimes by the Soviet Union. Separately, a Moscow court closed its affiliate Memorial on Wednesday, the Financial Times reported. Representatives from many Western governments condemned the action. For example, U.S. Secretary of State Antony Blinken said the group was...
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Biden And Putin To Talk Thursday To Try To Ease Tensions
29Dec By Patti MohrNo Comments
Diplomacy, Geopolitics, Types of News: Brief

Biden And Putin To Talk Thursday To Try To Ease Tensions

December 29, 2021--Amid rising tensions between the West and Russia, U.S. President Joe Biden and Russian President Vladimir Putin are scheduled to meet by phone on Thursday. The talks come as military tensions rise between Russia and the West over Ukraine. The phone conversation comes ahead of diplomatic meetings scheduled in January in Geneva between Russia and the United States. "By and large we are seeing positive traction at this point," Putin said of the discussions during his Dec. 23 annual press conference. He said the topic of Ukraine is "a formidable issue" concerning Russia's security. He added that conflict "is not our choice." https://youtu.be/fwThVdceKv4 Conflict "is not our choice," Putin said during his Dec. 23 annual press conference. Relations between Russia...
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Eurozone Inflation Varies Widely By Country
28Dec By Patti MohrNo Comments
Currency, Debt, National Budgets & Interest Rates, Global Economics, Types of News: Brief

Eurozone Inflation Varies Widely By Country

As the euro-area grows, so does euro-area inflation rate. Overall, the inflation rate reached 4.9 percent by year's end. Some see the rise in prices moderating next year. While others see it persisting and posing a threat to the economic recovery. With the rise in oil prices and supply bottlenecks making global trading more expensive in 2021, consumers around the world are coping with higher prices. Central banks in Europe and the United States are beginning to reduce their stimulus programs. Yet the European Central Bank plans to continue purchasing assets, albeit at a slower pace, while maintaining its policy of zero-to-negative interest rates into 2022. What's interesting is that the inflation rate varies widely in the eurozone, from a moderate 2.2 percent annualized increase in ...
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Timeline of Nuclear-Related Talks With Iran
22Dec By Patti MohrNo Comments
Diplomacy, Sanctions, Types of News: Infographic, UN Security Council

Timeline of Nuclear-Related Talks With Iran

Here's a visual depiction of the talks hosted by the IAEA to prevent Iran from building nuclear weapons. Included are decisions about sanctions by the United States and the UN Security Council. timeline_iran_talks_vienna_nuclear_and_sanctionsDownload This content is supported by affiliate marketing. The GER chooses our partners carefully. Please consider purchasing products from our advertising partners. To support our work, please make sure your browser enables cookies for tracking.
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Fed Keeps Funds At Near Zero, Focuses on Labor Participation Rate
15Dec By Patti MohrNo Comments
Currency, Debt, National Budgets & Interest Rates, Global Economics

Fed Keeps Funds At Near Zero, Focuses on Labor Participation Rate

December 15, 2021--Despite high and rising inflation, the U.S. Federal Reserve decided today to keep its federal funds rate between zero and 0.25 percent. The Federal Reserve statement acknowledged that inflation has "exceeded 2 percent for some time." Furthermore, the unemployment rate is at 4.2 percent--which is significantly close to the 4 percent target that Federal Reserve Chair Jerome Powell mentioned in March. Defining Employment In his comments to reporters in a virtual conference held today, Powell seemed to expand the definition of "maximum employment" that the Fed has traditionally considered. For example, asked to define maximum employment, Powell discussed not only the unemployment rate but also "a broad range of indicators" including: the labor participation rate...
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U.S.-Russia To Continue Talks On Sensitive Strategic Issues, Biden Says
8Dec By Patti MohrNo Comments
Diplomacy, Geopolitics, Sanctions, Types of News: Brief

U.S.-Russia To Continue Talks On Sensitive Strategic Issues, Biden Says

NATO Is At The Heart Of Most Sensitive Concerns December 8, 2021--In a virtual meeting held Tuesday, U.S. President Joe Biden and Russian President Vladimir Putin discussed the rocky relationship between the two countries as well as other sensitive and strategic issues. Speaking with reporters today, Biden said U.S.-Russian teams are in "constant contact" to bring "down the temperature along the eastern front." Talks are likely to continue, Biden said, to address Russia's concern regarding the NATO alliance's expansionary aims. Ukraine, NATO & Russia Ukraine -- a country located between Europe and Russia and divided between the East and West -- is at the center of attention. In recent weeks, Russia amassed troops along the Russian-Ukrainian border. Biden said he made cl...
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Germany’s New Coalition Government Puts Values First In Foreign Policy
8Dec By Patti MohrNo Comments
Democracy, Diplomacy, Europe, EU, Eurozone, Human rights, Types of News: Analysis

Germany’s New Coalition Government Puts Values First In Foreign Policy

A Tougher Stance On China Is Likely December 8, 2021--It's a momentous day for Germany, Europe's largest economy, as that country replaces Angela Merkel with a new chancellor after 16 years of her leadership in and out of the country. The Bundestag officially recognized Olaf Scholz as head of the government. Scholz represents the center-left Social-Democratic Party (SDP). This Fall, the party signed an agreement with the Green Party (Greens) and Liberal Democrats (FDP) to rule the country. The coalition deal promises "an innovative alliance" of parties that represent different traditions and perspectives. 50% Off your first digital audiobook. "We can make a contribution to softening political divisions and can initiate new political creativity. In this way, we can modernize soc...
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U.S. Treasury Breaches $28.9 Trillion Debt Limit
30Nov By Patti MohrNo Comments
Currency, Debt, National Budgets & Interest Rates, Global Economics, Types of News: Brief

U.S. Treasury Breaches $28.9 Trillion Debt Limit

Treasury Secretary Yellen Says Uncertainty Exists Over Cash Balance On Dec. 15 November 30, 2021—The U.S. government breached its $28.9 trillion debt limit and is using extraordinary measures to borrow money to pay its bills, the Congressional Budget Office reported today. The CBO outlined the extraordinary measures the government is currently taking to stay afloat. The U.S. government has "no room to borrow under its standard operating procedures," the CBO said. If the Treasury transfers $118 billion to the Highway Trust Fund on December 15, as the recently passed Infrastructure Investment and Jobs Act directs it to do, it is likely to run out of cash. Running on Empty If the U.S. government runs out of options, it "would ultimately lead to delays of payments for some governme...
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Fed Comes Under Pressure As Inflation Persists
30Nov By Patti MohrNo Comments
Currency, Debt, National Budgets & Interest Rates, Global Economics, Types of News: Brief, Types of News: Videos

Fed Comes Under Pressure As Inflation Persists

Fed Chair Says Inflation Now Likely To 'Linger Well Into Next Year' November 30, 2021—After months of downplaying inflation as a temporary condition, U.S. Federal Reserve Board Chair Jerome Powell said inflation has now spread much more widely beyond the sectors impacted by supply chain bottlenecks. 'Transitory' No More "I think it's probably a good time to retire that word and explain what we mean," Powell told senators at a Banking Committee hearing. Surging Economic Growth The U.S. economy is now growing at 5 percent, which is the "fastest pace in many years," Powell said. Meanwhile, the unemployment rate is down to 4.6 percent. Asked by Sen. Jack Reed, D-R.I., about the drop in the U.S. labor participation rate, Powell said fears about the pandemic are the likely cause. ...
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