Tuesday, December 24

Organizations, IMF, WTO, G7

Global organizations deserve a category because they matter so much to world politics and economies. Large ones coming from the Bretton Woods system include the International Monetary Fund, the World Bank, and the World Trade Organization.

Council Of Europe Moves Forward Minus One: Russia
16Mar By Patti MohrNo Comments
Democracy, Human rights, Organizations, IMF, WTO, G7, Types of News: Brief

Council Of Europe Moves Forward Minus One: Russia

March 16, 2022--The human rights body for the European continent made a big decision today: It kicked one of its 46 members out. It is another sign of the turning point in history when the world becomes more divided. In what it said was "an extraordinary meeting" in Strasbourg, the Council of Europe revoked the membership of the Russian Federation after 26 years of its participation. Human Rights Body Statement The expulsion comes a day after the council's parliamentary assembly initiated the procedure. "Through their actions in Ukraine the Russian authorities deprive the Russian people of the benefit of the most advanced human rights protection system in the world, including the jurisdiction of the European Court of Human Rights and our vast convention system," the council's l...
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International Agency Says Europe Can Cut 1/3 Of Its Russian Gas Imports
7Mar By Patti MohrNo Comments
Climate Action, ESG, Sustainable Finance, Energy Policy, Oil & Gas, Europe, EU, Eurozone, Geopolitics, Globalization, Global Disintegration, Organizations, IMF, WTO, G7, Types of News: Brief

International Agency Says Europe Can Cut 1/3 Of Its Russian Gas Imports

March 7, 2022--Europe is notoriously dependent on Russian oil and gas. That reliance is making strict penalties on Russia's invasion difficult to carry out. But that trade isn't set in stone. In a new report, the International Energy Agency recommends 10 steps for European leaders who want to break that dependency. Under the IEA plan, Europe would be able to reduce its natural gas imports from Russia from 155 billion cubic meters (bcm) a year to 95 bcm--a savings of one third. These figures assume Europe refills is gas storage facilities in 2022. According the the report, the steps are in line with the European Union's goals for climate action and a European Green Deal. However, the agency also recommends additional steps in light of Russia's aggressive war against Ukraine. 10 Steps ...
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Turkey: NATO Should Have Stopped Russia’s Invasion
25Feb By Patti MohrNo Comments
Diplomacy, Geopolitics, International Law, Legal Battles, Organizations, IMF, WTO, G7, Types of News: Brief

Turkey: NATO Should Have Stopped Russia’s Invasion

Turkish President Recep Tayyip Erdo?an joins a virtual NATO meeting on Feb. 25, 2022. Source: Turkey's Government February 25, 2022--As Russia closed in on Ukraine's capital city Kyiv, the NATO alliance held an emergency virtual meeting today. Just hours before the meeting, Turkish President Recep Tayyip Erdo?an suggested that NATO and the European Union should have stopped the invasion. "NATO should have taken a more decisive step," Erdogan said to reporters, according to Reuters and other press reports. "The EU and all the rest of the West have failed to display a decisive and serious stance. They give plenty of advice to Ukraine. It’s not possible to get a result through this advice," Erdo?an said. Turkey is a NATO member and a neighbor of Russia. In a press release on Thur...
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Hundreds Of NGOs Pressure Olympics Sponsors For Action
8Feb By Ramsha ZubairiNo Comments
Diplomacy, Domestic Politics, Human rights, Organizations, IMF, WTO, G7, Types of News: Brief

Hundreds Of NGOs Pressure Olympics Sponsors For Action

Photo by Chinese-Australian Artist Badiucao for the Human Rights Watch February 8, 2022—As Beijing Winter Olympics 2022 commenced on February 4 in China, more than 240 non-governmental organizations from around the world joined hands to demand answers from the corporate sponsors of the games. "It’s not possible for the Olympic Games to be a ‘force for good,’ as the International Olympic Committee claims, while the host government is committing grave crimes in violation of international law," said Sophie Richardson, a director at Human Rights Watch, in a news release. According to the HRW, human rights advocates have documented scores of abuses by China since the Olympic committee selected Beijing for the 2022 Winter Games. These include: Arbitrary detention, torture, and forced...
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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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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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WTO Rejects All Legal Claims By China in U.S. Tariffs on Solar Imports
3Sep By Patti MohrNo Comments
Global Trade, Organizations, IMF, WTO, G7, Types of News: Brief

WTO Rejects All Legal Claims By China in U.S. Tariffs on Solar Imports

U.S. Safeguard Tariffs Set To Expire in February 2022 September 3, 2021--The world's legal body for settling trade disputes rejected a complaint yesterday by China over U.S. tariffs on solar products made in China. The World Trade Organization's Dispute Settlement body denied all of China's claims against the U.S. safeguard tariff on China-made solar materials called Crystalline Silicon Photovoltaic Products. A safeguard measure is a temporary trade restriction countries apply to an import that occurs in such high quantities that it causes serious injury to the domestic industry. They are allowed under WTO rules for emergency and temporary use. Dispute Started in 2018 In 2017, the U.S. International Trade Commission responded to a complaint by Suniva, Inc. and SolarWorld Am...
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The Hidden Heroes of the Afghan Refugee Crisis
25Aug By Spencer HayesNo Comments
Human rights, Migration, Immigration, Borders, Organizations, IMF, WTO, G7, Types of News: Brief

The Hidden Heroes of the Afghan Refugee Crisis

August 25, 2021--As observers around the world watch in horror the collapse of human rights in a Taliban-controlled Afghanistan, humanitarians are stepping up to the plate to assist vulnerable members of Afghan society. Governments Relocating Refugees In a press briefing this week, U.S. State Department Spokesperson Ned Price discussed successful relocations from Afghanistan. He credited a number of contributions by countries in the relocation efforts. Specifically, Qatar, Kuwait, the United Arab Emirates, Spain, Italy, Bahrain, and Germany. These governments have assisted in the transit of at-risk Afghans, US citizens, and other Afghan evacuees. Alongside those efforts, Germany, Spain, and Italy have deployed armed troops to Afghanistan to assist in the evacuation. These forces are...
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IMF Making $650 Billion Available to Members On Monday
20Aug By Patti MohrNo Comments
Global Economics, Organizations, IMF, WTO, G7, Types of News: Brief

IMF Making $650 Billion Available to Members On Monday

Fund Blocks Afghanistan And Venezuela From Benefitting From Special Drawing Right In an emergency decision, the IMF is creating reserves for nearly all members. Countries can exchange it for cash or keep as reserves. August 20, 2021--The International Monetary Fund is set to make available $650 billion in drawing rights on August 23 to nearly all of its 190 members. Creating Cash through Special Drawing Rights It's a historic distribution by the fund, made to mitigate the impact of the global pandemic. The IMF executive board approved the emergency decision in July. IMF members will be able to exchange the Special Drawing Right for hard currency with central banks of countries. They could also keep it as part of their reserves. The allocation is neither a donation nor a ...
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Interpol Cracks Down On Human Trafficking Worldwide
10Aug By Patti MohrNo Comments
Corruption, Bribes, Illicit Finance & Money Laundering, Organizations, IMF, WTO, G7, Types of News: Brief

Interpol Cracks Down On Human Trafficking Worldwide

Interpol launched a five-day effort to crack down on trafficking of persons this Summer. Five-Day Operation Shows Scope of Human Trafficking Worldwide August 10, 2021--Interpol investigators rescued 430 victims of human trafficking and arrested 286 suspects in a collaborative sting operation against criminal trafficking this Summer. It was a five-day enforcement operation in July that included law enforcement officials from 47 countries. They called it "Operation Liberterra." The result was a crackdown that identified 4,000 irregular migrants from 74 countries. That's in addition to making arrests of suspected traffickers and helping victims. Five-Day Snapshot of Global Trafficking “Operation Liberterra is a five-day snapshot of the global trafficking and smuggling situation...
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