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News & Articles By Cassie B.
04/12/2023
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By Cassie B.
19 Terrorists who entered UK on migrant boats now living in hotels funded by British taxpayers
Nineteen suspected terrorists recently arrived in the UK on small boats across the Dover Strait and are now living in migrant hotels that are being funded by British taxpayers. According to the Daily Mail, the foreign nationals made their way into the UK illegally last year from northern France and are linked to a range […]
04/05/2023
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By Cassie B.
Social security expected to run out of money by 2033, a year earlier than previous predictions
The Social Security trust funds that pay for the benefits of 67 million Americans are now expected to run out in 2033, a year earlier than previous projections. This is according to the yearly trustees’ report released last week by the Treasury Department. The impending insolvency is largely due to a 3 percent downward revision […]
12/30/2022
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By Cassie B.
Cryptocurrency firm Midas Investments closes platform following losses in wake of FTX collapse
The crypto firm Midas Investments, which was focused on DeFi yields, will be closing down its platform in the wake of considerable losses it experienced throughout the year. The news was announced by the investment firm’s CEO and founder, Trevor Levin, in a blog post. He noted that Midas’s DeFi portfolio sustained $50 million in […]
11/17/2022
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By Cassie B.
Amazon to fire 10,000 employees in biggest layoff in company’s history
Amazon plans to fire around 10,000 employees in corporate technology roles in what may be one of the biggest layoffs in the company’s history as mass firings throughout the tech industry continue to add up. Insiders who have direct knowledge of the planned job cuts say they will be focused on its retail division, human […]
08/05/2022
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By Cassie B.
More Americans are living paycheck to paycheck as inflation persists
A recent report shows that almost two thirds of Americans are now living paycheck to paycheck, with even the nation’s top earners being stretched thin thanks to rising inflation and increased costs. The new LendingClub report found that as of June, 61 percent of Americans are now living paycheck to paycheck, up from the 58 […]
08/03/2022
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By Cassie B.
Home prices dropped at a record pace in June amid rising inflation and mortgage rates
Home prices are cooling in the U.S. thanks to a sharp drop in housing demand in June spurred by rising inflation and mortgage rates. Although home prices remain higher than they were one year ago, gains slowed down at the fastest pace seen since this metric was first recorded in the 1970s. The ongoing imbalance […]
07/04/2022
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By Cassie B.
Bank of Japan is buying up it’s own government’s debt: Bond holdings top 50% for first time
The share of Japanese government bonds that are held by the Bank of Japan has now exceeded 50 percent. The record-setting high comes as the central bank doubles down on its government debt purchases with the aim of holding down long-term interest rates as part of its ultra-loose monetary policy. The Bank of Japan’s move […]
04/07/2022
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By Cassie B.
Russian banking system and ruble are showing signs of strong recovery despite sanctions
The Russian ruble and Russia’s banking system are currently showing signs of ongoing recovery despite Western sanctions as Moscow’s reliance on currency controls and energy exports is helping to protect the country’s economy. Although the ruble initially dropped, it has now rebounded and is approaching its value prior to the war. Shortly after Russia invaded […]
12/20/2021
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By Cassie B.
Poll: American voters blame Biden’s policies for making inflation worse as approval dips
As inflation continues to cause financial distress for Americans, many are placing the blame on the Biden administration. A new poll carried out by Fox Business found that 47 percent of American voters think that President Biden’s policies are hurting inflation, while just 22 percent say they are helping to get inflation under control. Meanwhile, […]
10/25/2021
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By Cassie B.
Consumer prices hit 13-year-high in U.S. as inflation worsens
The latest data from the Bureau of Labor statistics shows that consumer prices climbed higher than expected last month while energy and food costs surged. The annual inflation rate hit a 13-year-high last month of 5.4 percent, which exceeds the median estimate of 5.3 percent. Meanwhile, the consumer price index rose by 0.4 percent on […]
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