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News & Articles By Arsenio Toledo
11/04/2021
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By Arsenio Toledo
Federal Reserve expected to raise interest rates earlier than expected due to rapid inflation
Banks and financial experts are predicting that the Federal Reserve will raise its rates earlier due to persistent inflation. In one of the Fed’s latest statements regarding raising interest rates, Chairman Jerome Powell said the central bank will not raise rates just yet because the country’s employment rate is still too low. Powell believes the country’s current period […]
11/03/2021
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By Arsenio Toledo
Global supply chain crisis slows down UK’s manufacturing output growth
Disruptions in the global supply chain have slowed down manufacturing output in the United Kingdom. This drastic loss in momentum is threatening the country’s post-Wuhan coronavirus (COVID-19) lockdown economic recovery. The main factors affecting manufacturing output are the shortages in both supplies and labor. Market information company IHS Markit said that many companies across the U.K. […]
11/01/2021
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By Arsenio Toledo
Over 100,000 workers are currently on strike and could collapse the economy, but Biden is doing nothing to reactivate productive members of society
More than 100,000 American workers are currently on strike – a culmination of nearly two years of labor unrest that started when the government forcibly shut down entire industries in early 2020. But instead of helping resolve the labor disputes and keep the economy from crashing, President Joe Biden is standing on the sidelines. Since the Wuhan coronavirus (COVID-19) pandemic lockdowns […]
10/14/2021
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By Arsenio Toledo
A record 4.3 million workers quit their jobs in August because of unemployment benefits and vaccine mandates
A record 4.3 million workers quit their jobs in August, according to data from the Department of Labor. This wave of mass resignations is caused by expanded unemployment benefits and Wuhan coronavirus (COVID-19) vaccine mandates. Small businesses are expected to bear the brunt of the damage caused by this difficult situation. According to the Bureau of Labor Statistics, […]
10/14/2021
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By Arsenio Toledo
Supply chain issues, soaring food prices wreak havoc on US economy #EmptyShelvesJoe
Food prices in the United States have skyrocketed to their highest levels in a decade as compounding supply chain issues continue to wreak havoc on businesses everywhere. This is according to the United Nations’ Food and Agriculture Organization (FAO), which releases a monthly Food Price Index (FFPI) that measures “the monthly change in international prices of a basket […]
10/13/2021
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By Arsenio Toledo
Inflation worries reach Japan as global financial crisis looms
Inflation worries have reached the shores of Japan, a country known for being prone to deflation, leading to fears of a global financial crisis that could upend the world’s already strained supply chains. “How far it may rise depends on currency and commodity prices, but it looks to remain elevated and a sharp drop is unlikely,” […]
10/05/2021
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By Arsenio Toledo
Restaurant operators say business conditions have significantly DECLINED
A majority of restaurant operators in the country believe business conditions today have significantly declined compared to three months ago. This is according to a survey released on Wednesday by the National Restaurant Association (NRA). The NRA is the leading business association lobbying for the interests of restaurant owners, representing 400,000 restaurant locations across the […]
09/28/2021
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By Arsenio Toledo
Defense Department preparing for possible government shutdown, military to continue working without pay
The Department of Defense is preparing for the possibility of a government shutdown by the end of the month if Congress is unable to agree to a deal to keep the federal government funded. The Pentagon told active-duty service members they will be required to keep working, but their pay might be delayed while the shutdown is […]
09/23/2021
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By Arsenio Toledo
Stock markets drop due to concerns over potential collapse of Chinese real estate market
The American stock market is experiencing its biggest drop in nearly a year. The Dow Jones Industrial Average, the S&P 500 and the Nasdaq Composite have all declined by 1.78, 1.7 and 2.19 percent, respectively. This is the stock market’s worst day since Oct. 2020. Economic analysts believe the tumble is due to concerns over China’s real estate […]
09/15/2021
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By Arsenio Toledo
Food price inflation hitting world’s poorest countries the hardest
Global food prices have been climbing for over a year by now. While Americans have definitely felt a lot of pressure from the inflation, the worst effects have been felt by people in poorer and developing countries. According to the latest data from the United Nations’ Food and Agriculture Organization, food prices have risen by 40 […]
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