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News & Articles By Arsenio Toledo
09/14/2022
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By Arsenio Toledo
Americans spent more on taxes than on food, healthcare, clothing and education COMBINED in 2021
Americans spent more on taxes in 2021 than on food, healthcare, education and clothing combined. Overall, taxes accounted for about 25 percent of average consumer spending. This was according to the consumer spending data from the Department of Labor‘s Bureau of Labor Statistics (BLS). The BLS report on 2021 consumer expenditures was released on Thursday, Sept. 8. It […]
09/14/2022
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By Arsenio Toledo
World’s second-largest home appliance manufacturer reports massive drop in demand – another ominous sign pointing to GLOBAL RECESSION
Swedish company Electrolux AB, the world’s second-largest manufacturer of home appliances, recently announced a cost-reduction program after reporting a steep decline in demand for the company’s products during the third quarter of the year. Demand from Europe and the United States for the company’s core appliances has plunged in the third quarter and at a […]
09/13/2022
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By Arsenio Toledo
China’s economy showing signs of FAILING as exports slow down, shipping industry weakens
Chinese exports are slowing down and the country’s shipping industry is weakening – ominous signs that the country’s economy is failing. On Wednesday, Sept. 7, the Chinese government released a report showing that exports rose 7.1 percent year-over-year in August. This is far below the consensus forecast predicting a 12.8 percent growth in exports. This is […]
09/09/2022
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By Arsenio Toledo
New British Prime Minister proposes 200 billion pound spending program to subsidize UK’s soaring energy bills for two years
Newly elected British Prime Minister Liz Truss announced on Thursday, Sept. 8, that her government would place a price cap on soaring consumer energy bills for two years as a way to deal with the worsening cost of living crisis. Economists warn that such a scheme could cost British taxpayers 200 billion pounds ($231.66 billion). […]
09/09/2022
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By Arsenio Toledo
Growth in Taiwanese exports slows to a trickle, raising alarms of global economic slowdown
Taiwan’s exports only grew by two percent in August year-over-year, the slowest pace in over two years. Analysts have noted this as a sign that global demand for goods is slowing down, and that the global economy might experience more turmoil ahead. According to a statement from Taiwan’s Ministry of Finance published on Wednesday, Sept. 7, the last time […]
09/08/2022
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By Arsenio Toledo
Biden is still spending TRILLIONS of taxpayer dollars that were set aside for COVID-19 stimulus
President Joe Biden is still spending money from the trillions of taxpayer dollars set aside for Wuhan coronavirus (COVID-19) relief. In 2020, Congress approved over $6 trillion of stimulus money, which was created by the Federal Reserve printing more money and injecting all of it directly into the U.S. economy. When Biden took over the […]
09/08/2022
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By Arsenio Toledo
Russia legalizes cryptocurrencies for cross-border transactions
The Central Bank of the Russian Federation has approved a policy legalizing the use of cryptocurrencies for cross-border payments. Russian lawmakers have been historically opposed to the idea of using cryptocurrencies as a payment method. In 2020, the government passed a law that prohibited the use of cryptocurrencies for payment purposes. The central bank has […]
09/07/2022
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By Arsenio Toledo
British pound sterling’s value against the dollar falls to lowest level since 1985
The value of the United Kingdom’s pound sterling has slumped to its lowest level against the United States dollar since 1985, reflecting the deteriorating economic situation in Great Britain. The value of the pound fell to as low as $1.1443, the lowest level since 1985, before recovering slightly. As of press time, one pound is […]
09/07/2022
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By Arsenio Toledo
IMPLOSION: Amazon scraps plans to build 42 new warehouses, shuts down 2 active facilities
Amazon is abandoning plans to build 42 new warehouses all over the United States and is closing down two active facilities. The company is determined to reduce the size of its sprawling business amid slowing sales growth. MWPVL International, which tracks Amazon’s massive real estate footprint, noted that the company has either shuttered ongoing plans or […]
09/02/2022
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By Arsenio Toledo
Home prices could crash by 20% next year, expert warns
Financial and real estate market experts are warning that housing prices could crash by at least 20 percent by 2023. Mark Zandi, the chief economist for financial services firm Moody’s Analytics, is forecasting a massive crash in housing prices. Zandi correctly predicted in May that housing activity in America would plummet through the summer, and […]
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