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News & Articles By Arsenio Toledo
01/27/2023
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By Arsenio Toledo
Defense Department to boost production of artillery ammunition by 500% for Ukraine… but will take two years just to build the new factories
The Department of Defense is planning to boost production of artillery ammunition by 500 percent over the next two years – not for the nation’s benefit, but for Ukraine. Such a move would push conventional ammunition production to levels not seen since the Korean War, as the Pentagon hopes to invest billions of dollars more to make up […]
01/10/2023
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By Arsenio Toledo
Supreme Court to hear two challenges against Biden’s student loan debt forgiveness plan
The Supreme Court has agreed to hear two challenges against President Joe Biden’s student loan relief program. Oral arguments are set to begin in February. Furthermore, the court has also agreed to keep in place a nationwide injunction set by a lower court of appeals preventing the student loan forgiveness program from taking effect for now. […]
01/06/2023
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By Arsenio Toledo
IMF trying to bribe Egypt away from BRICS with new loans
The International Monetary Fund (IMF) has approved a more than $3 billion loan allegedly to support Egypt’s ailing economy. But many experts note that the timing of this massive bailout is suspect because of Egypt’s recent moves to join the China- and Russia-aligned BRICS economic union. In the past year, Egypt has been hit exceptionally hard […]
12/16/2022
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By Arsenio Toledo
Federal Reserve once again raises interest rates, Fed chair warns of more rate hikes next year
Federal Reserve Chair Jerome Powell warned that the central bank will continue raising interest rates next year just as it raised its benchmark interest rate to the highest level in 15 years. Powell claimed that if the Fed does not continue raising interest rates in 2023, Americans will have to pay a higher cost as […]
12/15/2022
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By Arsenio Toledo
Playing with FIRE: US to send Patriot missile defense system to Ukraine
United States defense officials are reportedly finalizing plans to send Patriot missile defense system to Ukraine, risking the possibility of the conflict escalating as Russia no doubt has to respond to this act. The Patriot system, formally known as the MIM-104 Patriot, is a ground-based, mobile surface-to-air missile defense system developed by Raytheon and primarily used […]
12/01/2022
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By Arsenio Toledo
Chaos in China: Rushed exit from zero-COVID strategy could COLLAPSE Chinese economy
The Chinese Communist Party (CCP) is currently struggling to deal with nationwide protests over its Wuhan coronavirus (COVID-19) lockdown policies. This tumult has caused the country’s economy to drop, with Goldman Sachs warning that a rushed exit from its zero-COVID strategy could spell doom for the Asian giant. The current protest wave in China was […]
11/17/2022
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By Arsenio Toledo
FedEx’s freight unit to begin furloughing employees next month due to reduced demand for delivery services
Transportation giant FedEx’s less-than-truckload delivery division, FedEx Freight, has announced that it will start furloughing an unannounced number of drivers starting early December due to the massive drop in demand for delivery services. According to FedEx, the furloughs for FedEx Freight, which employs approximately 47,000 people, are scheduled to last for around 90 days, during […]
11/15/2022
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By Arsenio Toledo
30-year fixed mortgage rate surges above 7% as the Fed continues to raise interest rates
Mortgage rates have gone over seven percent once again as the real estate market reacts to the latest interest rate hike from the Federal Reserve, with both buyers and sellers withholding participation in the economy amid financial volatility. The national average interest rate on a 30-year fixed mortgage currently sits at 7.08 percent, up from […]
11/03/2022
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By Arsenio Toledo
Global jobs growth expected to deteriorate significantly in months ahead
Growth in employment all over the world will “deteriorate significantly” in the final quarter of 2022, according to the International Labor Organization (ILO) – the United Nations’ (UN) main agency for advancing better working conditions and more job opportunities around the world. The ILO warned that the economic fallout caused by the special military operation in Ukraine and rising […]
11/02/2022
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By Arsenio Toledo
Audit reveals over 132,000 public employees in Illinois are being paid $100,000 a year
An audit of Illinois’ public spending has found that 132,188 public employees are being paid $100,000 or more a year. Adam Andrzejewski, founder and head of OpenTheBooks, a nonprofit advocating for transparency in government spending, led the investigation that found how much of Illinois’ public spending goes to employee salaries. (Related: Indictment tsunami: 30-year speaker could […]
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