Thursday, March 13

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.
Inflation Issues ‘Fade Away,’ ECB Says
28Oct By Patti MohrNo Comments
Europe, EU, Eurozone, Global Economics, Types of News: Brief

Inflation Issues ‘Fade Away,’ ECB Says

European Central Bank Keeps Stimulus Policy Despite Rising Prices October 28, 2021--The European Central Bank decided to keep its emergency purchase program in place, even though the economy is recovering and prices are rising. The decision lets the central bank continue its policy of purchasing financial assets and keeps interest rates in negative territory. That is in spite of an inflation rate of 3.4 percent, which is higher than the target of 2 percent. The Euro's short-term interest rate hovers below zero at -0.573 percent. Meanwhile, the 10-year government bond is also in negative territory at -0.16 percent. The EBC dismissed rising inflation, saying, "This is mainly because oil, gas and electricity prices have gone up a lot and demand is rising faster than supply. But we ex...
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Setting Standards For Global Infrastructure Projects
27Oct By Patti MohrNo Comments
Global Economics, Types of News: Brief

Setting Standards For Global Infrastructure Projects

October 26, 2021—The U.S. State Department, along with the governments of Japan, Australia, and the OECD, are developing criteria and standards for evaluating global infrastructure projects. The Blue Dot Network, as it is known, is a voluntary reporting program meant to encourage private-sector financing in infrastructure projects that align with Paris Agreement climate goals. "Think of it as a Good-Housekeeping certificate," said Jose W. Fernandez, a State Department head of the Economic Growth, Energy, and the Environment branch. "It's designed to enable investors to more easily identify and certify investment-worthy projects."  A Globally Recognized Symbol Fernandez said a goal of the certification is to attract financers into worthwhile projects. He spoke with Stuart H...
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As Regional Power Balances Shift, Warnings Come From Kashmir
26Oct By Patti MohrNo Comments
Geopolitics, Types of News: Analysis

As Regional Power Balances Shift, Warnings Come From Kashmir

India-Pakistan Relations Could Spark Wider Conflict October 26, 2021—With the regional balance of power shifting in Central Asia, India is the odd man out in both economic and strategic ways. Perhaps to counteract the balance shift, the United States appears to be strengthening with India. But it's not clear how much weight that will carry in the tricky landscape of Central Asia. For one, China and Pakistan are strengthening their economic relationship. China is investing billions of dollars into Pakistan through the Economic Corridor Initiative. (See GER's previous reporting.) Furthermore, leaders from both countries are building ties with the new Taliban-led Afghan government. Meanwhile, China and India are at odds over disputed territory in the Himalayas. As the Rand Corporati...
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What’s Ahead At The G20 Leaders Summit In Italy?
22Oct By Patti MohrNo Comments
Diplomacy, Types of News: Videos

What’s Ahead At The G20 Leaders Summit In Italy?

October 22, 2021--Italian Amb. Mariangela Zappia discusses the upcoming G20 Leaders Summit to October 30-31. She mentions some key policy areas of G20 work, including global taxation, sustainable finance, digital tax, Afghanistan, and WTO reform. She spoke at a virtual event held by the Meridian International Center. https://youtu.be/6hF71yP1PR0
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Competition With China Surpasses US-Soviet Cold War Rivalry, CIA Director Says
21Oct By Patti MohrNo Comments
Types of News: Videos

Competition With China Surpasses US-Soviet Cold War Rivalry, CIA Director Says

October 21, 2021—Unlike the competition with the Soviet Union during the Cold War, the U.S. competition with China today "spans virtually every domain there is," CIA Director William Burns said on Wednesday. It is not just in a military sphere where the two largest economies compete, it is in the technological, social and political spaces as well. And as that competition mounts, the agency is preparing to track it with a division devoted to China. Burns spoke with students and faculty at an in-person event held by Stanford University's Freeman Spogli Institute for International Studies. The center also streamed the event. A Multi-Power World The challenge of gathering intelligence today, Burns said, is that now "power is diffuse" with non-state actors like technology companies and...
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U.S. Skips Moscow’s Meeting On Afghanistan
21Oct By Patti MohrNo Comments
Diplomacy, Foreign Aid, International Development

U.S. Skips Moscow’s Meeting On Afghanistan

Russian-Led Troika-Plus Included Nine Central Asian Countries October 21, 2021—Russian Foreign Minister Sergey Lavrov held an expanded Troika meeting in Moscow yesterday on the future of Afghanistan. It included representatives from the Taliban as well as Russia, China, Pakistan, Iran, India, Kazakhstan, Kyrgyzstan, Turkmenistan, and Uzbekistan. Notably absent were diplomats from the United States, who took part in intra-Afghan Troika meetings in Qatar prior to the Taliban-takeover of the country. This content is supported by affiliate marketing. The GER chooses our partners carefully. Please consider purchasing products from Rumi Spice. The company empowers people by teaching them to raise and harvest crops in Afghanistan. To support our work, please make sure your browser enabl...
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U.S. House Passes ‘Huawei Loophole’ And Other Tech-Security Bills
21Oct By Patti MohrNo Comments
Globalization, Global Disintegration, Types of News: Brief, United States

U.S. House Passes ‘Huawei Loophole’ And Other Tech-Security Bills

Crackdown On Chinese-Based Technology Indicates A Turning Point In Industry Collaboration October 21, 2021—The U.S. House of Representatives passed a series of bipartisan bills yesterday intended to protect the U.S. communications industry and consumers from foreign security risks. The Secure Equipment Act would instruct the Federal Communications Commission to "no longer review or approve" radio-frequency devices posing national security risks to the United States. The House passed it with overwhelming support on a 420-4 vote. Rep. Steve Scalise, R-La., introduced the bill along with strong bipartisan support. Only four members -- Reps. Sean Casten, D-Ill., Veronica Escobar, D-Texas, Sylvia Garcia, D-Texas, and Thomas Massie, R-Ky., -- voted against it. It came to be known ...
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Colin Powell On War, Diplomacy & Tolerance For Humanity
20Oct By Patti MohrNo Comments
Diplomacy, Types of News: Quotes

Colin Powell On War, Diplomacy & Tolerance For Humanity

Powell Achieved Success With Optimism, Focus And Hard Work October 20, 2021—Colin Powell served the United States as a soldier, a national security adviser, chairman of the Joint Chief of Staff, and the nation's top diplomat as Secretary of State from 2001-2005. While intensely popular for his leadership skills and political moderation, he shied away from a career in politics saying, he had "no political fire in his belly." On Monday, Powell passed away at the Walter Reed National Military Medical Center, in Bethesda, Md. He had COVID-19 despite having been vaccinated, multiple myeloma, and early-stage Parkinson's Disease. He was 84. For many Americans, Powell symbolized the ability to achieve success, not only as a strong leader but also as a minority who overcame difficulties o...
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Facebook Building Massive, New Virtual Platform
18Oct By Patti MohrNo Comments
Big Tech, Digital Economy, Types of News: Analysis

Facebook Building Massive, New Virtual Platform

Tech giants are building a "metaverse" to replace real life and the internet. Execs Say 'Metaverse' Will Replace The Internet With New Digital World October 18, 2021—Undaunted by criticism by lawmakers and former workers about the company's policies, Facebook is planning to build a massive virtual-reality platform called "metaverse." According to the tech giant, the metaverse is "a new phase of interconnected virtual experiences." What's interesting is that even as governments discuss ways to reign in and regulate the 3.5 billion-user platform, the company is growing ever larger and integrating itself deeper into human life. Meeting the Metaverse Metaverse is a concept of combining multiple virtual worlds into one that supersedes the internet. Big tech giants like Microsoft ...
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Congress Bides Time On Its Debt And Its Legal Limit
14Oct By Patti MohrNo Comments
Currency, Debt, National Budgets & Interest Rates, Types of News: Analysis, United States

Congress Bides Time On Its Debt And Its Legal Limit

The House approved an increase of $480 billion to the national debt limit, giving the U.S. Treasury more time to legally pay its bills. At What Point Will U.S. Debt And Deficits Break The Mighty Dollar? October 14, 2021—After much trepidation by global bankers watching lawmakers in Washington, D.C. toss responsibility of the nation's debt back-and-forth, Congress passed legislation this week giving the world's market watchers a sigh of relief. Catastrophe can wait until another day. Today, the bill became law. Specifically, Congress added $480 billion to the previous U.S. national debt limit of $22 trillion. It's estimated that provides enough cash for the U.S. Treasury to continue paying salaries of government workers and military, bills for daily operations, providing entitlemen...
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