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News & Articles By Arsenio Toledo
10/17/2022
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By Arsenio Toledo
Insider trading uncovered: Over 2,600 senior federal officials owned or traded stocks in companies their agencies oversee
In perhaps the biggest revelation of insider trading ever, a Wall Street Journal investigation has found more than 2,600 officials from all over the federal government’s executive branch own or trade stocks that stand to rise or fall in value due to decisions made by their agencies. The investigators analyzed more than 31,000 financial disclosure forms from […]
10/11/2022
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By Arsenio Toledo
GREAT RESIGNATION: Number of unemployed Americans who voluntarily left their jobs to look for better work reaches 32-year high
The latest jobs report from the Bureau of Labor Statistics (BLS) shows that the Great Resignation is far from over, and millions of Americans are still voluntarily leaving their jobs. According to the report, the number of unemployed Americans who quit or otherwise voluntarily left their jobs and immediately began looking for new employment rose to 15.9 […]
10/11/2022
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By Arsenio Toledo
Turkish annual inflation jumps to 83.45% due to excessive government spending on welfare and the military
The annual inflation rate for Turkey climbed to a 24-year record-high of 83.45 percent in September, according to data from the Turkish Statistical Institute. This broke the record set in August, when year-over-year inflation hit 80.21 percent. It also marked the 11th consecutive month of uncontrollable inflation. The last time inflation in Turkey was this high was […]
10/11/2022
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By Arsenio Toledo
Israel, Norway and Sweden to test central bank digital currencies for cross-border transactions
The central banks of Israel, Norway and Sweden have signed up to a Bank of International Settlements-led (BIS) project that will test the feasibility of using central bank digital currencies (CBDCs) for cross-border payments. Known as Project Icebreaker, it will enable fast international transactions using CBDCs at a significantly lower cost compared to existing systems […]
10/06/2022
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By Arsenio Toledo
US national debt hits $31 TRILLION for the first time
The United States’ gross national debt exceeded $31 trillion for the first time in history. According to data released by the Department of the Treasury on Tuesday, Oct. 4, the total national debt was at $31.123 trillion as of Monday, Oct. 3. The data proves that President Joe Biden’s administration is spending more taxpayer dollars than […]
10/04/2022
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By Arsenio Toledo
Gas prices in Los Angeles County hits new record high of $6.466 – nearly double the national average
Gas prices in Los Angeles County hit a record high of $6.466 per gallon on the morning of Monday, Oct. 3. That price topped the previous record high of $6.462 per gallon set on June 14. The average price in the country is 62.6 cents more than a week ago, $1.202 higher than a month ago […]
09/29/2022
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By Arsenio Toledo
Biden administration SUED over student debt forgiveness plan
President Joe Biden’s administration has been hit with a lawsuit seeking to block his executive order canceling thousands of dollars in student debt. The lawsuit claims the student loan relief plan will increase taxes for everybody. Biden and Education Secretary Miguel Cardona revealed the White House’s plan to provide up to $20,000 in relief for people with […]
09/27/2022
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By Arsenio Toledo
European Central Bank head warns of darkening economic outlook for the continent, raising recession fears
European Central Bank (ECB) President Christine Lagarde said on Monday, Sept. 26, that the economic outlook for the continent “is darkening” as it faces lower-than-expected economic growth due to uncontrolled inflation Lagarde made her remarks before the European Parliament’s Committee on Economic and Monetary Affairs during a hearing regarding whether the Eurozone – the areas […]
09/21/2022
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By Arsenio Toledo
Collapse incoming: Pope Francis orders Holy See to transfer all assets to Vatican Bank to protect the Church’s finances
Pope Francis has ordered the Holy See to transfer all of its financial assets into the Institute for Works of Religion, commonly known as the Vatican Bank, by Oct. 1. The Holy See is the central government of the Roman Catholic Church and falls under the episcopal jurisdiction of the pope in his capacity as the leader […]
09/14/2022
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By Arsenio Toledo
American imports of Russian ferrous metals dropped to near-zero in July
Russian exports of ferrous metals to the United States dropped in July to nearly zero – $0.6 million. The massive nosedive in American metals imports comes after Washington, D.C. released its latest list of Russian goods targeted by massive import tariffs in late June. These are part of America’s economic sanctions against Russia for the special […]
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