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News & Articles By Arsenio Toledo
07/26/2023
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By Arsenio Toledo
168-year-old Santa Barbara News-Press files for bankruptcy, fires all workers
The 168-year-old Santa Barbara News-Press, one of the oldest newspapers in California, has ceased publishing after its parent company filed for bankruptcy. This comes just months after the newspaper ceased all physical publication, becoming an online-only news publication in April. But its last digital edition was posted on Friday, July 22, following the revelation that owner […]
07/25/2023
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By Arsenio Toledo
Mexican drug cartels are behind surge in organized retail crime across the US
Mexican drug cartels are trying to expand their global criminal empires. According to reports, they are behind the recent surge in organized retail crime (ORC) in the United States. ORC is the large-scale theft of merchandise in retail outlets with the intent to resell the items for financial gain. Retail crime has become a very serious […]
07/24/2023
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By Arsenio Toledo
BILLIONS in taxpayer-funded subsidies are going to foreign corporations thanks to Biden’s signature climate law
Most government subsidies being used to help the United States build clean-energy industries are going to foreign corporations. Thanks in part to the passage of President Joe Biden’s so-called landmark legislation, the Inflation Reduction Act (IRA), nearly $110 billion in American clean-energy projects have passed since last year. But an analysis by the Wall Street Journal […]
07/20/2023
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By Arsenio Toledo
Tech companies laid off nearly 221,000 workers in 2023 – already way ahead of last year’s total
Nearly 221,000 global tech-sector employees have been laid off since the beginning of 2023. This is according to data compiled by the website Layoffs.fyi, which currently lists 877 tech companies that have laid off 220,995 employees since January. Last year, 1,024 tech companies laid off a total of 154,336 employees. Most recently, tech giant Microsoft announced […]
07/19/2023
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By Arsenio Toledo
Move over USD: Argentina uses Chinese yuan to settle IMF debt
The International Monetary Fund has accepted Argentina’s recent payment of $1.1 billion of its debt to the organization in the form of Chinese yuan rather than United States dollars. IMF spokesperson Julie Kozack confirmed on Thursday, July 13, that Argentina paid the IMF in Chinese yuan worth the equivalent of $1.1 billion, with a further […]
07/19/2023
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By Arsenio Toledo
Singapore now has the most powerful passport in the world – signifying the tiny nation’s healthy foreign relations and strong economy
The passport of Singapore has overtaken that of Japan’s as the world’s most powerful passport, according to the Henley Passport Index. The Henley Passport Index, published every quarter of the year by investment migration consulting firm Henley & Partners, ranks the travel freedoms enjoyed by the regular holders of passports from 199 countries. The index is […]
07/13/2023
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By Arsenio Toledo
THIS DOESN’T ADD UP: Joe Biden gives auto companies BILLIONS in taxpayer dollars while auto worker wages are getting CUT IN HALF
A report by the auto industry union the United Auto Workers (UAW) has accused President Joe Biden of sending billions of taxpayer dollars to big car companies at a time when auto worker wages are getting cut in half. Biden has long touted himself as a proponent of replacing the millions of cars on America’s roads with electric […]
07/12/2023
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By Arsenio Toledo
Biden’s EV program is alienating allies in the United Auto Workers, who fear the push will lead to fewer well-paying union jobs
President Joe Biden’s sweeping electric vehicle (EV) program is alienating one of his formerly staunchest union allies: the United Auto Workers (UAW). The UAW, a massive and powerful union representing more than 400,000 workers in the automobile industry, has long been an influential force in progressive politics, aiding pro-labor union Democrats in the Midwest with […]
07/11/2023
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By Arsenio Toledo
GREEDFLATION: Walmart prepares to increase prices despite reporting 7.33% profit growth
Walmart is expected to once again increase store prices at a time when even the American middle class is struggling to shop for essentials at the big box store that many consider to be one of the cheapest places to get goods. Walmart has been warning for months now that inflation in the United States […]
07/10/2023
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By Arsenio Toledo
China enacts export restrictions on two crucial metals amid escalating trade war with US
China has just instituted massive export restrictions on two metals – gallium and germanium – necessary for the manufacturing of crucial technologies. According to a notice by China’s Ministry of Commerce and General Administration of Customs, the export controls will come into effect on August 1. These restrictions also include several of their compounds. The communist nation said […]
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