Friday, April 19

Domestic Politics

Top PAC Recipients in the U.S. House 2023-2024
6Mar By Patti MohrNo Comments
Domestic Politics, Political Systems, Domestic Politics, Types of News: Brief, United States

Top PAC Recipients in the U.S. House 2023-2024

Eye on Politics March 6, 2024-As the U.S. political cycle kicks into higher gear, it's time to take a closer look at who is running with what resources. Political action committees, known as PACs, play a significant role in U.S. elections. Below is a list of House members receiving the most PAC money, according to data from Open Secrets. The top receiver, Jason Smith, Republican from Missouri, is chairman of the powerful Ways and Means Committee. The top five contributors to Rep. Smith in the 2023-2024 cycle are the National Association of Realtors, American Israel Public Affairs Committee (AIPAC), Apollo Global Management, Herzog Contracting, and the Alliantgroup.
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Mexico’s Lawsuit Against Gun Makers Moves Forward
25Jan By Patti MohrNo Comments
Arms Sales, Military Industry, Corruption, Bribes, Illicit Finance & Money Laundering, International Law, Legal Battles, Types of News: Analysis, United States

Mexico’s Lawsuit Against Gun Makers Moves Forward

Appeals Court Decision Comes As U.S.-Mexico Meet On Root Causes Of Migration January 25, 2024—As President Biden faces pressure at home to stop the flow of irregular migration to the United States at the southern border, Mexico is drawing attention to one of the root causes: U.S.-made weapons in the hands of cartels. Mexico's Defense Department said this week drug cartels are armed with U.S.-made weapons intended for military use, such as grenade and rocket launchers and fully automatic machine guns. Mexico wants the weapons trafficking to stop. Furthermore, the government is demanding answers from the Biden administration.   "It is very urgent that an investigation into this be carried out," Foreign Relations Secretary Alicia Bárcena said on Monday. Mexico has the thir...
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EU’s Ceasefire Resolution Says Too Much, Not Enough
19Jan By Patti MohrNo Comments
Europe, EU, Eurozone, International Law, Legal Battles, Middle East, Types of News: Analysis

EU’s Ceasefire Resolution Says Too Much, Not Enough

European Parliament Passed Non-binding Statement on the Israel-Gaza Conflict January 19, 2024—Israel's war with Hamas and its destruction of Gaza has divided the European Union. The European Parliament on Thursday adopted a watered-down resolution calling for a ceasefire, the dismantling of Hamas, and the unconditional release of the remaining hostages. The resolution is non-binding and largely symbolic. The Parliament passed it with 312 votes in favor, 131 against, and 72 abstentions. What's noteworthy is not the vote or the individual phrases in it. It is that the resolution is too long-winded to have an impact. It thwarts itself at every turn. It calls for a permanent ceasefire and then says Israel has "a right to defend itself." It calls on all parties to "distinguish b...
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GUEST POST: Congress, Ukraine Is Still Germane
17Jan By Guest WriterNo Comments
Foreign Aid, International Development, Geopolitics, Type of News: Guest Post, Types of News: Analysis, United States

GUEST POST: Congress, Ukraine Is Still Germane

Don't Renege On Our Promise To Ukraine Editor's Note: The U.S. Senate is currently considering a $100 billion supplemental spending bill, S.Amdt.1371 to H.R. 815. It would provide $61 billion in aid to Ukraine, $14.3 billion for Israel, and Taiwan, and include $14 billion for U.S. border security. As much of the world's attention has shifted to the Middle East, support for Ukraine in its war against Russian aggression is waning in some countries, including the United States. Ukrainian President Zelenskky addressed top officials from United States, the European Union, China, the Middle East have gathered for the annual meeting of the World Economic Forum on January 16, 2024. Op-Ed by William Slomanson Distinguished Professor Emeritus, Thomas Jefferson School of Law. William Sl...
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Biden Takes The Bullhorn, Walks The Picket Line
26Sep By Patti MohrNo Comments
Domestic Politics, Types of News: Brief, United States

Biden Takes The Bullhorn, Walks The Picket Line

President Biden joins striking workers in Michigan September 26, 2023. September 26, 2023—The power of the U.S. presidency is the bully pulpit, and today President Joe Biden put it to use. As the national autoworkers' strike grew in numbers and gained more news media attention, politicians are taking close notice. The issue is not only that the expanding strike has consequences for workers, consumers, business and the larger U.S. economy, it is also a political one. It is not cynical to say that both parties want to win the loyalties of blue-collar workers, especially in a swing state like Michigan. It's simply a practical matter in U.S. politics. Biden Comments On Workers' Pay Today, Biden wooed striking workers in person. He arrived on the scene one day in advance of a vi...
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In the U.S., One Strike Ends As Another Grows Bigger
25Sep By Patti MohrNo Comments
Domestic Politics, Types of News: Analysis, United States

In the U.S., One Strike Ends As Another Grows Bigger

Auto Strike Has Political And Economic Consequences Auto workers strike outside Ford plant in Michigan. September 25, 2023—As one major labor union strike in the United States ends, another one is getting bigger. U.S. politicians gearing up for the 2024 election are taking notice. Both strikes are taking place as industries undergo technological change. For writers, the issues relate to the gig economy and artificial intelligence. The auto workers, meanwhile, are trying to secure a future in the industry as it undergoes a global transformation to electric vehicles. While the writers' strike affected the entertainment economy and America's viewing pleasure, the autoworkers' strike has the potential to impact the broader U.S. economy. Hollywood Writers Strike First, an end...
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U.S.: Another Debt Limit Debacle Looms Large
2May By Patti MohrNo Comments
Currency, Debt, National Budgets & Interest Rates, Types of News: Brief, United States

U.S.: Another Debt Limit Debacle Looms Large

May 2, 2023—U.S. Treasury Secretary Janet Yellen warned congressional leaders on Monday the federal government might have trouble paying its bills beginning in early June if Congress can't come together on terms for increasing the debt limit. The U.S. government breached the $31.381 trillion limit on amassing debt in January. Ever since the federal government has been resorting to extraordinary measures to get by. As of April 28, the U.S. federal debt stood at $31.45 trillion. State And Local Governments First To Feel The Pinch In a letter to Congress on May 1 Yellen said state and local governments are the first to feel the pinch. Today, Treasury stopped issuing securities known as State and Local Government Series (SLGS) that help states and local governments comply with tax re...
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Economic Sands Shift: ‘B’ Is For ‘Beginning’
16Mar By Patti MohrNo Comments
Currency, Debt, National Budgets & Interest Rates, Europe, EU, Eurozone, Finance, Investing, Global Economics, Types of News: Videos

Economic Sands Shift: ‘B’ Is For ‘Beginning’

March 16, 2023-Recent turmoil in the banking sector in the United States and Europe poses a challenge to governments facing inflation. Here's my take. Due to the lag effect of central bank policies, what we are seeing in the banking sector is a beginning not an end to financial troubles. https://www.youtube.com/watch?v=oyBfFctQYn4
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US Regulators Act Following Bank Collapses
14Mar By Patti MohrNo Comments
Currency, Debt, National Budgets & Interest Rates, Finance, Investing, Types of News: Brief, United States

US Regulators Act Following Bank Collapses

Run On Bank Was First Sign Of Significant Volatility Amid Rate Hikes March 14, 2023—U.S. regulators and policymakers acted swiftly over the weekend following the collapse of Silicon Valley Bank on Friday and Signature Bank on Sunday. The runs on the banks by customers are the first signs of major volatility following the Federal Reserve's multiple rate hikes to reduce inflation. The government through the Federal Deposit Insurance Corporation provided a risk-exception guarantee for all bank deposits of the two banks. That mitigated the risk of additional runs on banks. The details are as follows: The FDIC's guarantee would not apply to investors or unsecured debt holders. Regulators removed senior management of the banks. The FDIC took over Silicon Valley Bank and opened Signatur...
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U.S. Government Owes $395.5 Billion In Interest On The Debt
26Feb By Patti MohrNo Comments
Currency, Debt, National Budgets & Interest Rates, Types of News: Bit, United States

U.S. Government Owes $395.5 Billion In Interest On The Debt

Feb. 26, 2023—Here's something to remember when discussing the U.S. budget, national debt, and debt limit: The U.S. government is expected to pay $395.5 billion this fiscal year on interest charges alone. That's a helpful reminder that comes from the Pew Research Center in a recent post. For more information on the U.S. budget, go to the White House's Office of Management and Budget. There you'll find historic tables of the U.S. budget. Moreover, the U.S. government is projected to spend over $1 trillion more this year than it collects in revenue. That money not only increases the U.S. debt, it also fuels rising inflation in America and beyond.
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