Tuesday, December 24

United States

The U.S. political situation grew increasingly polarized in the last two decades with both parties moving away from the ideological center. What started as intense partisanship has turned into outright extremism, in some cases. Extremism peaked after the 2020 presidential election. It culminated in a violent and deadly scene as the defeated candidate denied he lost the election and encouraged a mob to “fight like hell” at the U.S. Capitol. Several factors are increasing the divide, including gerrymandering–or carving out–districts, the primary system for selecting candidates in the two parties, the amplification of partisanship in cable news and mass media, and campaign finance.

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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Biden Warns: US Democracy At Risk [Full Transcript]
3Nov By Patti MohrNo Comments
Democracy, Types of News: Bit, United States

Biden Warns: US Democracy At Risk [Full Transcript]

November 3, 2022--Editor's Note: Amid increasing political violence and vitriol in the United States, President Joe Biden warned that "democracy itself" is at risk of being overtaken by "dark forces that thirst for power." The speech comes just days ahead of the Nov. 8, 2022 midterm elections. It's the first national election in the United States since the January 6, 2021 attack on the U.S. Capital and U.S. leaders. Below are Biden's full remarks from Wednesday. Columbus Club, Union Station, Washington, D.C. (November 2, 2022) 7:01 P.M. EDT  Full Remarks of President Biden: THE PRESIDENT:  Good evening, everyone.  Just a few days ago, a little before 2:30 a.m. in the morning, a man smashed the back windows and broke into the home of the Speaker of the House of Representatives, ...
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A Week Before The Election, Biden Asks Big Oil To ‘Share The Wealth’
2Nov By Patti MohrNo Comments
Energy Policy, Oil & Gas, Types of News: Brief, United States

A Week Before The Election, Biden Asks Big Oil To ‘Share The Wealth’

November 1, 2022—A week away from the U.S. Midterm elections, inflation is grabbing the attention of voters and politicians alike. As Republicans play up the impact of rising prices and pin the blame on their opponents, Democrats point the finger at companies benefiting from higher prices. It doesn't take long for the focus to fall on energy companies, specifically those earning profit from the high price of oil on global markets. That's precisely the play President Joe Biden pulled from his playbook on Monday. "In a difficult time, Americans across the country have stepped up, and they — to do the right thing. But not everyone has stepped up," Biden said. "The oil industry has not — has not met its commitment to invest in America and support the American people. One by one, major o...
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The End Of A Laissez-Faire Economy?
10Oct By Patti MohrNo Comments
Globalization, Global Disintegration, Types of News: Analysis, United States

The End Of A Laissez-Faire Economy?

Photo by Yibei Geng October 10, 2022—Free-market economies where business drives decisions based on supply and demand is still a concept. But many analysts are now asking how diligently is that concept being followed in practice? 'New Rules' for Business? Writing for the Financial Times, columnist Rana Foroohar says business leaders now have new rules to follow to succeed. For one, they need to cozy up to political bigwigs in Washington, D.C. It is not just that President Joe Biden and the Democratic-led Congress are enacting industrial policies, it is also a time of where the global economy is getting more competitive. Supply chains are regrouping and former trading partners are breaking up, or "decoupling." Ms. Foroohar says the U.S. government is not "yet in the business ...
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Biden Shifts From Partisan Agenda To One Of Unity
3Mar By Patti MohrNo Comments
Domestic Politics, Types of News: Analysis, United States

Biden Shifts From Partisan Agenda To One Of Unity

Russia's War Is Uniting Democrats, Republicans, And Independents In Fight For Freedom March 3, 2022—Before the war in Europe started a week ago, you could say U.S. President Joe Biden led a country deeply divided by bitter politics and a populace upset by soaring inflation. The foul mood was evident in day-to-day life, even if you avoided the daily barrage of noise and diatribes of cable news. "Biden," a man muttered as we crossed paths in the post office parking lot in late February. It happened to be Presidents Day—a U.S. holiday celebrating past presidents—and the very mention of the word brought on a tirade of complaints. "Gas prices... That Biden." Then just a few days later, everything changed in America. It happened when Russian leader Vladimir Putin sent his troops and mis...
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IMF: Crypto, Stocks Surged In Response To Central Bank Policies Since 2020
11Jan By Patti MohrNo Comments
Big Tech, Digital Economy, Cryptocurrency, Currency, Debt, National Budgets & Interest Rates, Europe, EU, Eurozone, Types of News: Brief, United States

IMF: Crypto, Stocks Surged In Response To Central Bank Policies Since 2020

In Effect, The Policies Pose The Risk Of Shocks To The Financial Systems Photo by BTC Keychain January 11, 2022--Cryptocurrencies and stock market equities skyrocketed as central banks produced loose monetary policies amid the 2020 global pandemic. Although cryptocurrency prices and some high-growth stocks have dipped since the start of the year, they both "surged amid easy global financial conditions," the International Monetary Fund reported on today. That may come as no surprise among high finance investors who carefully watch interest rates established by central banks, especially those in the United States and Europe. But today's report by the IMF appears to be the first acknowledgment from the multilateral organization that government agencies are fueling the boom in r...
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Capital Attack Case ‘Far From Done,’ Justice Dept Says
6Jan By Patti MohrNo Comments
Democracy, Types of News: Analysis, United States

Capital Attack Case ‘Far From Done,’ Justice Dept Says

On the first anniversary of the attack on the U.S. Capitol by American protestors, the U.S. Justice Department said its ongoing investigation has resulted in more than 725 arrests nationwide and would continue to "follow the facts wherever they lead." "Those involved must be held accountable, and there is no higher priority for us at the Department of Justice," Attorney General Merrick B. Garland commented in a speech. "In the aftermath of the attack, the Justice Department began its work on what has become one of the largest, most complex, and most resource-intensive investigations in our history." January 6, 2021 It was a day that showed the fragility of the U.S. democratic republic. A new president had been elected, and the U.S. Congress was fulfilling its constitutional duty t...
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U.S. Deficit For FY2021 Reached $2.8 Trillion, CBO Says
10Nov By Patti MohrNo Comments
Global Economics, Types of News: Brief, United States

U.S. Deficit For FY2021 Reached $2.8 Trillion, CBO Says

November 10, 2021--For the fiscal year that ended September 30, the U.S. government ran a $2.8 trillion budget deficit, the Congressional Budget Office reported on Monday. The figure was $360 billion less than the deficit in 2020 but three times the deficit from 2019. As a share of the GDP, the 2021 deficit was 12.4 percent the size of the economy. That's down from 15 percent at the peak of the pandemic in FY2020 but up from 3.2 percent in 2016. Federal spending increased above normal levels in 2020 and 2021 in response to the pandemic. They included the Coronavirus Aid, Relief, and Economic Security (CARES) Act, the Paycheck Protection Program and Health Care Enhancement Act, the Consolidated Appropriations Act, 2021 (CAA), and the American Rescue Plan Act of 2021 (ARPA). Meanwhi...
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Fed Decision ‘Skews Risk Toward Inflation’
3Nov By Patti MohrNo Comments
Finance, Investing, Global Economics, Types of News: Brief, United States

Fed Decision ‘Skews Risk Toward Inflation’

Despite Economic Recovery And Rising Prices, U.S. Central Bank Keeps Interest Rates Near Zero November 3, 2021—The Federal Reserve announced today it will begin reducing the amount of Treasury securities it purchases every month, in light of economic progress. However, in a move that mirrors the European Central Bank decision, the U.S. central bank is maintaining an accommodative stance on monetary policy, meaning it will continue to increase the money supply. Specifically, the committee is keeping the Federal funds rate at 0 to 0.25 percent, which is slightly above Europe's negative rates. A key point is the Fed is no longer basing the decision on the U.S. unemployment rate, which is historically low. The measure of success for the central bank now includes the labor participat...
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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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