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News & Articles By Arsenio Toledo
09/28/2023
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By Arsenio Toledo
America heading toward a housing market crash worse than the Great Recession
The American housing market is heading for a crash that may be bigger than the one experienced by homeowners in the 2008 financial crisis. “This will be the greatest crash in the history of housing,” warned financial expert John Perez, who predicted that, following the crash, average housing prices across the country could plummet by […]
09/27/2023
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By Arsenio Toledo
Ford pauses construction of $3.5 billion EV battery plant in Michigan amid scrutiny over CCP involvement with the project
Automaking giant Ford has halted construction on a $3.5 billion electric vehicle battery manufacturing factory amid an ongoing probe by House Republicans over the company’s ties with China. Ford announced plans to construct the 950-acre BlueOval Battery Park in the small town of Marshall, Michigan, around 90 miles west of Detroit, on Feb. 13 and […]
09/26/2023
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By Arsenio Toledo
Germany’s housing prices fall at steepest pace since 2003 due to high interest rates and rising construction costs
Prices for homes in Germany fell by a record level during the second quarter of the year as higher interest rates and rising materials costs are taking their toll on the property market of Europe’s largest economy. According to data collected by the Federal Statistics Office (Destatis), year-over-year residential prices fell by 9.9 percent from April […]
09/22/2023
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By Arsenio Toledo
Sam Bankman-Fried’s father complained about being paid only $200K a year when he expected an annual salary of $1M from FTX
Joseph Bankman, the father of disgraced cryptocurrency mogul and former billionaire Sam Bankman-Fried, allegedly complained to his son about him only having a salary of $200,000 a year, a fraction of the $1 million he was expecting. This is according to a lawsuit filed by FTX, the cryptocurrency exchange founded by Bankman-Fried, against his parents. This […]
09/19/2023
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By Arsenio Toledo
China to build massive logistics hub in Russian Far East
China is embarking on a massive plan to construct a $600 to $700 million logistics hub in the Russian far eastern Amur region. Reports from the two nations indicate that the construction effort will be led by the Xuanyuan Group Industrial Development, a private import and export corporation. CEO Hailong Xue told Russian media outlet RT that the […]
09/18/2023
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By Arsenio Toledo
United Auto Workers union goes on strike against Big Three automakers – another sign that Bidenomics is a costly failure
The United Auto Workers (UAW) union has gone on strike following the breakdown in negotiations with America’s Big Three auto companies in Michigan – another sign of the failure of President Joe Biden’s economic program, or “Bidenomics.” For the first time in the history of the UAW, the approximately 146,000 members of the union are […]
09/14/2023
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By Arsenio Toledo
Annual inflation surged 3.7% in August thanks to the jump in gas prices
Inflation in August spiked by 3.7 percent compared to last year, with the rise in gas prices accounting for more than half of the monthly inflation increase. The Consumer Price Index (CPI) for August showed that prices were 3.7 percent higher year-over-year, slightly higher than the 3.2 percent reading in July and also higher than […]
09/13/2023
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By Arsenio Toledo
U.S. household income FELL in 2022 for the third straight year due to inflation and rising cost of living
The average household income of Americans fell in 2022 for the third straight year as the cost of living rose and their living standards continued to be eroded by unrelenting inflation. This is according to data from the Census Bureau released on Tuesday, Sept. 12, which saw that U.S. real median household income in 2022 fell by […]
09/08/2023
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By Arsenio Toledo
New York City to spend $4.7 BILLION this fiscal year dealing with illegal immigrants
New York City’s migrant crisis is expected to cost the city $4.7 billion this fiscal year. This is according to data released by the government of New York City, which was quick to point out that more than 110,000 so-called asylum seekers have arrived in the city since the spring of 2022, with over 10,000 […]
09/06/2023
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By Arsenio Toledo
60% of recipients of Sweden’s unemployment benefits are IMMIGRANTS, and slightly under half are of non-European origin
New data unveiled by the government of Sweden showed that around 60 percent of recipients of unemployment benefits in the country were not born in Sweden – and slightly under half of those are “non-European immigrants.” At a press conference where senior Swedish government ministers announced a job tax cut that could see families save around […]
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