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News & Articles By Mary Villareal
08/19/2022
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By Mary Villareal
Government lost as much as $100 billion to stimulus money fraud during COVID-19 pandemic
The U.S. lost as much as $100 billion in funds as government programs got abused by applicants for benefits and aids related to the Wuhan coronavirus (COVID-19) pandemic. Since the beginning of the pandemic, the government distributed around $5 trillion in pandemic aid through three pieces of legislation, while relying heavily on the applicants’ honesty in applying […]
08/09/2022
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By Mary Villareal
American household debt now over $16 TRILLION amid rising inflation
The New York Federal reserve reported last week that household debt in America climbed to over $16 trillion in the second quarter for the first time as inflation pushed up housing and auto balances. The collective American debt was at $16.15 trillion through the end of June for a $312 billion or two percent increase […]
06/23/2022
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By Mary Villareal
Central banks trying to combat inflation as Europe and US face likelihood of recession
Deutsche Bank CEO Christian Sewing has revealed that central banks around the world are forced to aggressively tighten their monetary policies to combat inflation because Europe and the U.S. face a high likelihood of recession. The U.S. Federal Reserve, European Central Bank (ECB), Swiss National Bank and the Bank of England have all made their move […]
06/14/2022
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By Mary Villareal
Average rent prices in the US surpass $2,000 amid inflation and rising mortgage interest rates
The median monthly asking rent in the United States has now surpassed $2,000 for the first time, reaching a record high of $2,002 in May. This is a 15 percent year-over-year increase, on par with April’s annual increase, but slightly lower than the 17 percent gain in March. More people are opting to live alone, but […]
05/26/2022
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By Mary Villareal
US, China heaviest borrowers in first quarter as global debt soars to $305 trillion
The United States and the People’s Republic of China, the world’s two largest economies, are the heaviest borrowers in the first quarter of the year as global debt skyrocketed to $305 trillion. This was according to the Institute of International Finance (IIF). Data shows that China increased its debt by $2.5 trillion in the first quarter, […]
05/24/2022
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By Mary Villareal
Corruption in the midst of war: Ukraine unlikely to receive the promised $65 billion in Western aid
The Congress has so far approved at least $54 billion to aid Ukraine in its ongoing war with Russia. Various reports also put the amount of European Union (EU) aid at over €10 billion ($10.67 billion), although the amount is likely to be higher. But in reality, the prospect of Ukraine getting the promised aid is grim. […]
04/08/2022
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By Mary Villareal
Poor countries feel the brunt of surging prices as governments crank up handouts to help cover the costs
The surge in food and fuel prices has pressured governments to pick up the tab for their citizens, effectively stretching public finances and intensifying political instability in fragile economies. Government handouts have kept fuel and food price protests in check, but it may prove too much to bear for poorer countries. Protests have broken out […]
03/14/2022
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By Mary Villareal
Russia likely to default on sovereign debt payments
Russia got another slash in its credit rating on March 8 as Fitch Ratings warned that Moscow is likely to default on its sovereign debt payments. Less than a week after Fitch downgraded Russia to junk status and put Moscow on the “rating watch negative” following its invasion of Ukraine, the agency cut the rating […]
01/05/2022
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By Mary Villareal
Thrive Time Show: Can the government dip into citizens’ personal accounts to save the economy? – Brighteon.TV
The inflation rate in the U.S. has just hit 6.8 percent, and it’s affecting pandemic-riddled Americans, says Clay Clark in the Dec. 22 episode of the “Thrive Time Show” on Brighteon.TV. “The buying power of the dollar is going down, which is what usually happens when the inflation rate goes up, and how many are fearing that the government […]
11/12/2021
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By Mary Villareal
Republicans blame Biden’s policies, Democrats as US inflation reaches highest level in over three decades
Republicans blamed President Joe Biden and his fellow Democrats as inflation reached its highest in over three decades. According to the Consumer Price Index (CPI) released on Wednesday, Nov. 10, gas prices jumped 59 percent over the last year while the cost of meat increased 24 percent. Everyday consumer goods rose 6.2 percent in October 2021, which […]
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