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News & Articles By Mary Villareal
11/08/2021
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By Mary Villareal
Supply chain disruptions stall global economic recovery
Disruptions to the global value chains have been ongoing since the beginning of the Wuhan coronavirus (COVID-19) pandemic, with factory closures in China at the beginning of 2020, subsequent lockdowns of most countries, congestion in logistics networks for transporting goods, capacity constraints in the face of increasing demand, labor shortages and more. These disruptions have […]
11/04/2021
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By Mary Villareal
Hyperinflation causes Venezuelans to use gold flakes as currency
The Venezuelan government recently took off six zeroes from the bolivar, its hyperinflating currency. What used to be the highest denomination note of one million bolivars, worth less than $0.23, was replaced by a one-bolivar note. At the same time, a 100-bolivar note was introduced as the new highest denomination of the bolivar. It was designed to […]
11/02/2021
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By Mary Villareal
US GDP gain slows down in third quarter as supply chain issues worsen
The United States economy grew at a two percent rate in the third quarter, the slowest since the end of the 2020 recession. This is largely due to supply chain issues marking deceleration in consumer spending that further stunted the expansion, according to the Department of Commerce. It was the slowest gross domestic product (GDP) gain […]
10/21/2021
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By Mary Villareal
Nashville restaurant owners speak out about labor shortages in the area
Restaurant owners in the Nashville area expressed their frustration about how hard it is to hire workers and how it is negatively affecting their businesses, forcing them to reduce hours and limit service to take-outs and deliveries only. Kahlil Arnold, owner of Arnold’s Country Kitchen, said: “We’d have people that fill out resumes and then we’d […]
10/15/2021
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By Mary Villareal
Senior Federal Reserve official says “transitory” inflation is not actually transitory
The consumer price index (CPI) suggests that the “transitory” inflation floated by the government is not actually transitory. According to a senior official at Federal Reserve, the biggest burst in U.S. inflation in three decades is likely to last longer than expected and it should no longer be considered transitory. Atlanta Federal Reserve President Raphael […]
10/05/2021
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By Mary Villareal
Supply chain crisis could push global economic recovery off course
A supply crunch for non-essential items is creating a full-blown crisis as it leads to shortages in energy, labor and transport in various parts of the globe. All these problems are parts of the rising post-pandemic consumer demands that could push the global economic recovery off course. Mohamed El-Erian, insurance giant Allianz’s adviser and president of […]
09/17/2021
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By Mary Villareal
Online shopping hit by inflation during pandemic
Online goods have seen a rise in prices for an unprecedented 15 months as inflation hits categories such as pet products, nonprescription drugs, groceries, furniture and flower arrangements, according to reports. The growth in digital prices across the industry means that e-commerce transactions are set to account for roughly $1 of every $5 spent by […]
09/16/2021
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By Mary Villareal
Dems planning a $3 trillion tax hike on working families, small businesses
Democrats are proposing an almost $3 trillion increase in taxes on small businesses and working families. This is the largest tax increase since 1968 in terms of the size of the economy, and the largest tax increase ever in nominal dollars. The total slate of proposed tax increases is still in its preliminary estimate; however, […]
09/14/2021
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By Mary Villareal
The Federal Reserve hides price inflation, but why?
Federal Reserve Chairman Jerome J. Powell says that he supports “tapering” toward the end of the year, adding that interest rate hikes are a long way off. By tapering, he means that the central bank should reduce its monthly purchases of bonds and slow down the monthly increase in the quantity of money. Even with […]
08/10/2021
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By Mary Villareal
Social Security Administration will go bankrupt by 2035
The Social Security Administration has estimated that it will go bankrupt by 2035 unless changes are made to the funding of the system. As baby boomers retire, those receiving benefits via social security will swell while fewer people will be paying taxes due to demographic changes. With social security benefits being funded by the payroll tax, […]
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