Sunday, April 27

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.
‘Real Risk’ of Escalating Global Trade Barriers, Says WTO Head
6Mar By Patti MohrNo Comments
Global Trade, Types of News: Brief

‘Real Risk’ of Escalating Global Trade Barriers, Says WTO Head

March 6--Increasing trade barriers puts the global economy at risk for a deep recession, World Trade Organization Director-General Roberto Azevêdo  warned on Monday. "In light of recent announcements on trade policy measures, it is clear that we now see a much higher and real risk of triggering an escalation of trade barriers across the globe," told delegate heads meeting on the Doha negotiations. "We cannot ignore this risk and I urge all parties to consider and reflect on this situation very carefully. Once we start down this path, it will be very difficult to reverse direction. An eye for an eye will leave us all blind and the world in deep recession." New U.S. Tariffs on Steel & Aluminum The remarks follow an announcement late last week by President Donald Trump that the Unite...
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Military Tensions Ease on the Korean Peninsula as Denuclearization Discussed
6Mar By Patti MohrNo Comments
Diplomacy, Sanctions, Types of News: Brief

Military Tensions Ease on the Korean Peninsula as Denuclearization Discussed

March 6-North Korean leader Kim Jong-un said he would suspend nuclear missile tests if the United States agrees to hold direct talks, according to South Korean delegates who met with Kim on March 5. Furthermore, Kim is willing to remove his country's nuclear weapons if he can be assured that his regime and country no longer face threats, they said. "North Korea made clear its willingness to denuclearize the Korean peninsula and the fact there is no reason for it to have a nuclear program if military threats against the North are resolved and its regime is secure,” Chung Eui-yong, South Korea's led delegate of the talks, told reporters. It is a significant breakthrough for the two countries, which have been in a technical war since 1953. It is a result of both a softening of relations...
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South Korean Gov’t Delegates Meet With North Korean Leader Kim in Pyongyang
5Mar By Patti MohrNo Comments
Diplomacy, Sanctions, Types of News: Brief

South Korean Gov’t Delegates Meet With North Korean Leader Kim in Pyongyang

March 5--Delegates from South Korea traveled to Pyongyang, North Korea today to meet with Kim Jong-un., the country's supreme leader. It was the first meeting South Korean officials have had with the rogue leaders since 2011. The diplomatic trip is a sign of the warming relations between the two countries since their athletes and government officials came together during the 2018 Winter Olympics, which South Korea hosted. The South Korean delegation includes 10 government officials, including two ministerial-level envoys: Intelligence Chief Suh Hoon, National Security Adviser Chung Eui-yong and Vice Minister for Unification Chun Haesung. Ri Son-gwon, North Korea's chairman of the Committee for the Peaceful Reunification of the Country, met them at the airport. And Mr. Kim hosted t...
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U.S. Oil Production Surges as OPEC, Russia Plan Reductions
28Feb By Patti MohrNo Comments
Energy Policy, Oil & Gas, Types of News: Brief

U.S. Oil Production Surges as OPEC, Russia Plan Reductions

February 28, 2018--U.S. oil production rose to its highest level since 1970 last November, as the U.S. shale oil production continued to boom. The historic increase contrasted sharply with OPEC and Russian oil production, which is holding steady but expected to decease output to increase prices. U.S. production peaked at 10.057 million barrels a day in November and is expected to average 10.6 million barrels a day in 2018, according to a monthly review by the U.S. Energy Information Administration (EIA). That's roughly on par with oil production in Saudi Arabia and Russia. It is noteworthy considering that other oil-producing countries are planning reductions to try to boost prices. According to The Economist, Saudi Arabia needs oil prices to reach $70-80 a barrel to maintain a steady e...
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Russia Spends Millions to Interfere in U.S. Politics, DOJ Says
21Feb By Patti MohrNo Comments
Democracy, Types of News: Brief, United States

Russia Spends Millions to Interfere in U.S. Politics, DOJ Says

February 21-The U.S. Justice Department filed an indictment on Feb. 16 against 13 Russian nationals and three Russian companies for conducting an "information warfare against the United States." The indictment comes as a result of an ongoing Special Counsel investigation led by Robert Mueller. None of the individuals or companies charged are currently in the United States and are unlikely to be extradited from Russia for trial. The 37-page indictment is significant in that it may indicate the methods in which Russian intelligence officers use tools of democracy against its rivals. It also begins to establish some clarity about Russia's activities in the U.S. political system after more than a year of widespread speculation on the issue, focused mainly on possible collusion with th...
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Government Regulators Raise Alarms on Virtual Currencies
18Feb By Patti MohrNo Comments
Big Tech, Digital Economy, Cryptocurrency, Types of News: Brief

Government Regulators Raise Alarms on Virtual Currencies

As virtual currencies like Bitcoin, Ethereum and Ripple rise in use and value, government regulators around the world are paying closer attention, issuing consumer warnings, and are looking for ways to regulate them. The international nature of virtual currencies, also called cryptocurrencies, allows them to operate outside the reach of national governments. But increasingly, regulators are considering ways to oversee the exchanges or, in some cases, ban them. The Rise and the Risk Cryptocurrencies are gaining in popularity and in dollar terms. The combined value of cryptocurrencies reached $800 billion earlier this year before falling down to $433 billion. In the past five years, Bitcoin's value alone rose from $5 billion in 2013 to $115 billion in 2018. Observers say the wild flu...
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A Tale of Two Koreas: Part I
6Feb By Patti MohrNo Comments
Communism, Dictatorship, Diplomacy, Global Economics, Global Trade, Types of News: Infographic

A Tale of Two Koreas: Part I

February 18, 2018--In a symbol of historic and familial ties, athletes from both North Korea and South Korea will march together in the Winter Olympics Opening Ceremonies in Pyeongchang, South Korea. The show of unity masks the extreme differences between the two countries. The two Koreas could not be more different in their national priorities, economies and quality of life. On the one side of the border, in South Korea, the quality of life is quite strong. The vast majority of the population has access to the best technologies and mobile communications. The economy is the 11th largest in the world, and trade with the rest of the world approaches $1 trillion. In contrast, in North Korea, the economy is one of the weakest and most isolated in the world. Trade in goods with the rest of ...
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Global Leaders Assert Competing Visions on the Digital Economy
31Jan By Patti MohrNo Comments
Big Tech, Digital Economy, Types of News: Analysis

Global Leaders Assert Competing Visions on the Digital Economy

Round-Up on Davos Nothing epitomizes the global elite more than the annual meeting of business tycoons and political leaders in Davos, Switzerland. The annual meeting held high up on the mountain resort provides a view of the world economy like none other. Even observers from afar can catch a real glimpse into the state of the world. Today, leaders not only have to contend with a backlash against globalization at home, they also have to compete with one another to define the technologically-powered global world. [soliloquy id="7904"] Europe Digs Deep Last year, Chinese President Xi Jinping took the stage to assert that China would guide and adapt to economic globalization, even if others retreat from it. This year, Xi sent an underling, leaving the stage open primarily to W...
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China Outlines Goals for Arctic Trade Route & Development
29Jan By Patti MohrNo Comments
Energy Policy, Oil & Gas, Foreign Aid, International Development, Global Trade, Types of News: Brief

China Outlines Goals for Arctic Trade Route & Development

As global warming melts thick ice in the Arctic, countries are increasingly staking out economic claims in the region. China is no exception. This month, China outlined its vision for creating a new trade route through the region and for developing its resources. In a new 12-page White Paper, China called itself as an "important stakeholder" in the region. As Near-Arctic State and a permanent member of the UN Security Council, China "shoulders the important mission of jointly promoting peace and security in the Arctic," the paper said. It is a significant policy statement on navigating the delicate environmental and diplomatic interests in the Arctic waters. As the ice melts in the region, the potential for international disputes over shipping and natural resources rises. Governi...
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Look Beyond GDP, World Economic Forum Says
25Jan By Patti MohrNo Comments
Foreign Aid, International Development, Global Economics, Organizations, IMF, WTO, G7, Types of News: Brief

Look Beyond GDP, World Economic Forum Says

Economic growth as measured by gross domestic product is necessary for a country's well-being, but it is not enough. To ensure adequate or rising living standards for people, you need sustainable and inclusive growth, according to members of the World Economic Forum. "Any growth, for it to be meaningful, has to be inclusive," said Saadia Zahidi, a member of the WEF Executive Committee. "Unsurprisingly, we find that while growth is recovering, there are still major challenges when it comes to equity and inclusion across both rich and poor economies." The World Economic Forum executive committee released a report this week on inclusive growth as world leaders started to gather at its annual conference in Davos, Switzerland. Global Growth Strong The World Bank predicts the world economy wil...
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