Patti Mohr

U.S. Issues Sanctions Against Two Turkish Ministries, Three Officials

15Oct

By Patti MohrNo Comments

Sanctions

U.S. Issues Sanctions Against Two Turkish Ministries, Three Officials

October 15, 2019-The U.S. Treasury Department issued economic sanctions against two Turkish ministries and three senior government officials on Monday, blocking them from international financial institutions that trade with the United States. The ministries include the National Defense and the Energy and Natural Resources Department. The officials include the ministers of those departments: Hulusi Akar, Suleyman Soylu, and Fatih Donmez. “The United States is holding the Turkish Government accountable for escalating violence by Turkish forces, endangering innocent civilians, and destabilizing the region,” said U.S. Treasury Secretary Steven Mnuchin in a release. The level of sanctions appear to be moderate. According to an Associated Press reporter David McHugh, the sanctions ...

U.S. Preps Sanctions Against Turkey in Wake of Military Incursion in Syria

14Oct

By Patti MohrNo Comments

Geopolitics, Middle East, Sanctions, Types of News: Brief

U.S. Preps Sanctions Against Turkey in Wake of Military Incursion in Syria

October 14, 2019-As Turkey continued its military operation into northern Syria on Monday, U.S. lawmakers prepared to impose economic sanctions against current and former Turkish government officials contributing to the "destabilizing actions." While U.S. troops moved out of Syria, U.S. leaders prepared an economic response. In a published statement released on Twitter, U.S. President Donald Trump said he is preparing an executive order to impose the sanctions against "those who may be involved in serious human rights abuses, obstructing a ceasefire, preventing displaced persons from returning home, forcibly repatriating refugees, or threatening the peace, security, or stability in Syria." Aside from sanctions against individuals, further actions could include raising tariffs on s...

14Oct

By Patti MohrNo Comments

Global Trade, Types of News: Brief

Tenuous US-China Trade Talks

October 14, 2019--High-level trade talks between U.S. and Chinese leaders last week produced some results but left the possibility for higher tariffs open in December if details are not settled. "We have a great deal. We're papering it now," U.S. President Donald Trump said on Saturday. "China is going to keep their word. They want to make the deal." China's chief negotiator signaled modest support. "We have made substantial progress in many fields," Vice Premier Liu He said through an interpreter on Friday. "We are happy about it." The partial deal, which is not yet settled, comes at a time when trade between the two countries has fallen. According to a report today in the Financial Times, China's imports from the United States fell 26.4 percent in September while its exports t...

Turkey Drives Military Forces Into Syria

13Oct

By Patti MohrNo Comments

Types of News: Brief

Turkey Drives Military Forces Into Syria

October 13, 2019-Turkey drove its military forces into northern Syria this week, driving out Kurdish forces and civilians and inciting international criticism. Turkish President Recep Erdogan annouced the drive earlier in the week, saying he intends to create a buffer zone where he can resettle up to 3.6 million Syrian refugees now living in Turkey. Since January, U.S. and Turkish leaders have discussed creating a "safe zone" in the region. For Kurds living and fighting in the area, the zone is anything but safe. Turkish forces and their allies captured several villages over the weekend along the Syria's Northern border, according to reports in Al Jazeera. UN High Commissioner for Refugees Filippo Grandi warned that civilian lives are in danger amid the new fighting. "Hund...

EU-UK Talks Intensify Ahead of Oct. 31 Brexit

11Oct

By Patti MohrNo Comments

Diplomacy, Global Trade, Types of News: Brief

EU-UK Talks Intensify Ahead of Oct. 31 Brexit

October 11, 2019--With less than three weeks to go before the United Kingdom exits the European Union without a plan to trade with the rest of Europe, new hope for a deal emerged on Friday as the chief negotiator for the European Commission indicated that talks are intensifying "in a constructive spirit." "We are intensifying technical discussions with the United Kingdom over the coming days, in a constructive spirit," Michel Barnier, the European Commission's Chief Negotiator, said today on Twitter. Earlier in the week, Barnier suggested that an agreement would be "difficult, but still possible." EU Position: No Hard Border in Ireland The European Union would only support a withdrawal agreement if it "avoids a hard border on the island of Ireland, protects the all-island eco...

Pro-Democracy Movement In The 2019 Hong Kong Elections

29Sep

By Patti MohrNo Comments

Communism, Dictatorship, Democracy, Political Systems, Domestic Politics, Types of News: Bit

Pro-Democracy Movement In The 2019 Hong Kong Elections

November 25, 2019—In the first six months of increasingly violent protests in Hong Kong, the pro-democracy candidates made significant gains in the district council elections. They won 347 of the 452 seats -- nearly 77 percent -- of the city's district council. Meanwhile, pro-establishment candidates won 60 seats, leaving 45 seats to independents. (South China Morning Post. , Nov. 25, 2019) The protests started in response to an extradition bill that would have allowed mainland China to capture and try Hong Kong residents. UPDATE: Over time, however, the island nation would succumb to the Chinese Communist Party's rule.

US Debt Tops $22 Trillion as Lawmakers Deliver New Deal

23Jul

By Patti MohrNo Comments

Domestic Politics: United States, Finance, Currency, Debt, National Budgets & Interest Rates, Global Economics, Types of News: Brief

US Debt Tops $22 Trillion as Lawmakers Deliver New Deal

July 23, 2019--U.S. lawmakers agreed to raise the limit on incurring national debt to $22 trillion to July 31, 2021. They also agreed to a two-year budget agreement that increases spending by $320 billion. Democratic House Speaker Nancy Pelosi called it a "bold, bipartisan and a victory for Democrats and the American people." President Donald Trump said in a tweet the deal is "a real compromise in order to give another big victory to our Great Military and vets." According to Pelosi's statement, the deal increases both defense and non-defense spending and avoids a government shutdown. The U.S. national debt has risen from $11.9 trillion in 2009 to $22 trillion in 2019. Meanwhile, the interest on the debt (marketable non-government) has risen from 2.28 percent to 2.5 percent in th...

Do-or-Die Brexiteer Boris Johnson to Become UK Prime Minister

23Jul

By Patti MohrNo Comments

Domestic Politics: Europe, EU, Eurozone, Globalization, Disintegration, Types of News: Brief

Do-or-Die Brexiteer Boris Johnson to Become UK Prime Minister

July 23, 2019--Boris Johnson, outspoken Eurosceptic politician in the United Kingdom won the conservative party's election to succeed Theresa May as head of party and state in a sweeping victory. Johnson won 92,153 Tory-party votes, nearly double that of his opponent Jeremy Hunt. That gives him a strong mandate to lead his country out of the European Union -- a process that proved too difficult for his predecessor. In his victory speech following the vote count, Johnson said it is "a pivotal moment in history." He said leaders have to reconcile "the deep desire for" friendship, free trade and mutual support for security between the Britain and Europe and "the simultaneous desire, equally deep and heartfelt, for democratic self government." A 'Do-or-Die' Brexit Strategy ...

WTO Deals Blow to U.S. Case Against China’s State-Subsidized Pricing

18Jul

By Patti MohrNo Comments

Communism, Dictatorship, Global Trade, Types of News: Brief

WTO Deals Blow to U.S. Case Against China’s State-Subsidized Pricing

July 18, 2019-- The world's litigation body for trade disputes dealt a new blow to a multiyear effort by U.S. representatives to counteract pricing impacted by state-owned enterprises. The decision impacts a wide range of products, including solar panels and aluminum. More striking, it weighs in on the mounting tension in the global economy between competing economic systems. What: This Week's Action Late Tuesday, a World Trade Organization appellate body upheld a decision by a lower panel regarding U.S. tariffs on a series of mostly industrial products imported from China that U.S. officials believe to be subsidized and under priced. Products impacted include solar panels, wind towers, steel cylinders and sinks, kitchen shelving, lawn groomers, aluminum extrusions and a serie...

Tech Giants Face Investigations, Scrutiny

17Jul

By Patti MohrNo Comments

Big Tech, Digital Economy, Types of News: Brief

Tech Giants Face Investigations, Scrutiny

UPDATE: The European Union settled its 2019 investigation with a legally binding agreement with Amazon in December 2020. That agreement covered the online retail giant's use of non-public seller data and access to its Buy Back and Prime programs. July 17, 2019--As some of the largest tech companies in the world grow in value and market share, they face increasing scrutiny in both the United States and the European Union that they are using their platforms to favor their products over their competitors, collect and use data to their advantage and buyout competitors. The European Union launched a formal investigation into Amazon's use of data on independent retailers selling on its platform to see if it violates competition rules. The investigation will focus on "Amazon's business prac...