Thursday, December 26

Types of News: Brief

News briefs are shorter stories about current events. It’s the who-what-when-and-where. “Just the facts, ma’am.” Please see our writers guidelines.

U.S. Debt Fast Approaching Its Legal Limit
17Jan By Patti MohrNo Comments
Currency, Debt, National Budgets & Interest Rates, Types of News: Brief

U.S. Debt Fast Approaching Its Legal Limit

Treasury Secretary Warns That U.S. Government Likely To Hit Debt Limit On Thursday January 17, 2023—It's been a little over a year since Treasury Secretary Janet Yellen told a Senate panel the U.S. debt of $28 trillion didn't matter. Now, 16 months and over two trillion dollars later, Yellen is warning that the government will hit its legal debt limit of $31.381 trillion on Thursday. She estimates Treasury can keep paying its bills until about June, but it won't be easy. In fact, Treasury is forced to take extraordinary accounting measures to keep the government running. The extraordinary has become ordinary in American federal bookkeeping. For Yellen, like many in Washington, the problem is still not the debt; it is the debt limit under U.S. law. It is that limit that the governm...
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Facing A Surge In COVID-19, China’s Epidemic Control Is Put To The Test
16Jan By Patti MohrNo Comments
Organizations, IMF, WTO, G7, Types of News: Brief

Facing A Surge In COVID-19, China’s Epidemic Control Is Put To The Test

WHO Asks China To Cooperate On Understanding COVID-19 Origins January 16, 2023—After a three-year span of its zero-COVID policy ended last month, China's health system is once again being put to the test. On Saturday health officials held a press conference releasing information and putting a positive spin on China's management of the virus. But the World Health Organization is asking health officials in China for more detailed data. Furthermore, WHO Director-General Dr. Tedros Adhanom Ghebreyesus wants China to coordinate more to help the agency understand the origins of the virus. China's Joint Prevention and Control Mechanism of the State Council held a press conference on COVID-19 on Saturday, January 14, 2023. WHO Seeks Information, Transparency Since ending its strict zer...
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Which Countries Escape The Economic Gloom?
11Jan By Patti MohrNo Comments
Global Economics, Types of News: Brief

Which Countries Escape The Economic Gloom?

Global Growth Forecasts For 2023 January 11, 2023—The global economy is "perilously close to falling into a recession," the World Bank warned yesterday, with a forecast that projects 1.7 growth for the world. That projection is down significantly from the bank's forecast last June. Persistently high inflation, rising interest rates, and weakening confidence are bringing growth estimates down in an atmosphere of gloom. "The global economy is on a razor's edge. Even a small shock can trigger an outright recession," said Ayhan Kose, director of the World Bank’s Prospects Group. "The slowdown is a very sharp one, and it is broad-based." Economic Growth Continues While that is gloomy news, it might not be as bad as it sounds. For instance, a lot of economies are likely to continue...
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After Two Years In Office, Biden Acts On Border Crisis
5Jan By Patti MohrNo Comments
Migration, Immigration, Borders, Types of News: Brief

After Two Years In Office, Biden Acts On Border Crisis

President Biden announced he is taking a number of administrative steps today on the border crisis. Jan. 5, 2023 Biden Announces New App For Asylum Seekers, Cracks Down On Smugglers January 5, 2023—With the number of migrants continuing to swell at the U.S. border and the U.S. Supreme Court saying illegal immigration itself is a crisis, President Joe Biden is taking notice and acting—as some would say, “finally.” The White House announced today it is taking a series of new steps to curb illegal immigration to the United States while opening lawful means to seek refuge in the country. Biden and his administration face immense pressure to address the border crisis. Since he took office in January 2021, the number of migrants crossing into the United States illegally hit record nu...
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House Committee Investigating January 6 Ends Work
3Jan By Patti MohrNo Comments
Democracy, Domestic Politics, Types of News: Brief, United States

House Committee Investigating January 6 Ends Work

The House Jan. 6 Committee released its final report on Dec. 19, 2022. Investigation Shows The Fragility of U.S. Democracy January 3, 2023—As a new Congress begins to take shape in Washington, the House Select Committee investigating the January 6, 2021 attack on the U.S. Capitol completed its work. At its core, the committee upheld its purpose of defending democracy in the United States. A key tenet of democracy is free and fair elections. In the 2020 presidential elections, the country nearly lost in fulfilling that promise to the people. Former President Donald Trump used every means possible—including a violent attack on the legislature—to hold onto power. As the truth came to light, the evidence showed the fragility of the republic itself and the key tenets of democracy i...
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IMF Sees Recession For Global Economy In 2023
2Jan By Patti MohrNo Comments
Global Economics, Types of News: Brief

IMF Sees Recession For Global Economy In 2023

January 2, 2023—International Monetary Fund Managing Director Kristalina Georgieva said the majority of the world should brace itself for an economic slowdown in 2023. In an interview with CBS on Sunday, Georgieva predicted that half the European Union would see recession this year while China's economy is likely to continue to slow down. She said the United States might avoid a negative growth if its labor market remains strong, but that is a "mixed blessing" because it means the Federal Reserve would likely continue raising interest rates. Georgieva, the head of the agency tasked with helping countries avoid economic crisis, said 2023 is likely to be "a tough year, tougher than the year we leave behind." That outlook differs from trends at the end of 2022 when a majority of G2...
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Venezuela’s Opposition May End Failed Interim Government
29Dec By Patti MohrNo Comments
Types of News: Brief

Venezuela’s Opposition May End Failed Interim Government

Juan Guaidó Awaits Decision By Opposition Leaders On January 3 December 29, 2022—It isn't just Venezuela's opposition that awaits trial in a vote now scheduled for Tuesday, it's Washington's strategy of imposing an interim government and ad hoc president for a country lacking fair elections. On December 21 a coalition of Venezuelan opposition leaders voted to end the interim government and Juan Guaidó as its head. Three of the four opposition parties supported the non-binding vote. They were scheduled to make that vote final today but have postponed that decision until Tuesday. "From a political point of view, it has ceased to be useful for the democratization of Venezuela and is of no interest to the citizens," the parties announced in a joint statement, according to a news ...
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U.S. Politics: Senator Says ‘No’ To Extreme Party Pressure
9Dec By Patti MohrNo Comments
Types of News: Brief, United States

U.S. Politics: Senator Says ‘No’ To Extreme Party Pressure

Sinema Switches To Independent Status, Saying She Won't Be 'Blindly Loyal' To A Partisan Agenda December 9, 2023—As the final race for the U.S. Senate came to a close this week in Georgia, Arizona Senator Kyrsten Sinema made a surprise announcement: She's leaving the Democratic party to be an independent leader. Her decision won't affect the control of the Senate. Democrats will continue to led the upper chamber next year. Furthermore, Sinema said she doesn't plan to caucus with Republicans. That means her announcement won't change the distribution of money for Senate staff or committee seat makeup. However, it demonstrates a blow to the power of partisan politics. As such, it gives strength to independent thinking and action in Washington. Sinema said she did not run for offic...
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U.S. Inflation Remains ‘Highly Uncertain,’ Fed Chair Says
30Nov By Patti MohrNo Comments
Currency, Debt, National Budgets & Interest Rates, Types of News: Brief

U.S. Inflation Remains ‘Highly Uncertain,’ Fed Chair Says

November 30, 2022—Although increases in consumer prices ebbed slightly in the United States in the latest numbers, Federal Reserve Chair Jerome Powell warned on Wednesday that inflation's path remains "highly uncertain." He noted that October's figure of 7.7 percent annual growth is better than the previous Consumer Price Index estimates but said the single-month improvement doesn't reflect a trend. Powell said the Fed policy is likely to remain "restrictive for some time to come." Addressing an audience at the Brookings Institution, he said price trends differ in three categories: core goods, housing, and services. Prices in core goods are moderating while housing service prices rose rapidly. Meanwhile, prices in services are likely to rise due to unmet demand in the labor market. ...
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G7 Aims To Improve War Crimes Investigations
30Nov By Patti MohrNo Comments
Diplomacy, Human rights, Organizations, IMF, WTO, G7, Types of News: Brief

G7 Aims To Improve War Crimes Investigations

November 30, 2022—Justice ministers representing G7 countries met on Tuesday to plan ways to investigate war crimes and bring war criminals to justice. Justice ministers from G7 countries and the European Union met in Berlin, Germany on Nov. 29, 2022. The G7 includes the United States, Japan, Canada, the United Kingdom, Germany, France, and Italy. Photo credit: BMJ/Thomas Trutschel Since the start of Russia's war against Ukraine in February 2022, the international community has sought ways to prevent and condemn the aggressive actions, particularly against civilians. For example, in March the UN’s Human Rights Council passed a resolution condemning Russia’s action against Ukraine and establishing a UN Council of Inquiry. That same month the International Court of Justice (IJC) author...
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