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News & Articles By Divina Ramirez
08/04/2021
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By Divina Ramirez
Soaring metal prices may delay ongoing transition to clean energy
High metal prices may be good for miners, but they could delay the global transition to clean energy. In its recent report titled “The Role of Critical Minerals in Clean Energy Transitions,” the International Energy Agency (IEA) said the surge in demand for minerals used in solar panels, wind turbines and batteries is straining supplies, sending prices soaring. In […]
07/08/2021
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By Divina Ramirez
Inflation could be a shock to US financial system, warns economist
The coronavirus pandemic has led several countries, including the United States, to implement lockdowns and travel restrictions, creating an unprecedented economic crisis in peacetime. In particular, the pandemic has resulted in large shocks to both supply and demand, driving inflation that may come as a blow to a financial system that has been conditioned for […]
05/25/2021
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By Divina Ramirez
Corn prices are up by over 50% in 2021 alone
Corn prices have been steadily increasing over the past year, rising more than 50 percent in 2021 alone. Corn is now worth $7.50 a bushel, its highest price tag since 2012. Corn, the biggest cash crop of the United States, has rarely been this expensive. Like most commodities, corn is feeling the recovery from the […]
05/18/2021
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By Divina Ramirez
INFLATION: Prices of groceries, gas rise as Biden’s money printing machine goes into overdrive
Consumers better start budgeting more for their groceries as prices of essential commodities, including grains, fresh produce and meat, continue to surge. This is according to the latest inflation data in the Consumer Price Index (CPI), a set of consumer price indices calculated by the United States Bureau of Labor Statistics (BLS). In fact, just about everything […]
03/30/2021
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By Divina Ramirez
Suez Canal blockage disrupted global supply chains already strained by pandemic
The Suez Canal, one of the world’s most vital trade routes, was blocked by a container ship longer than the Eiffel Tower. Economists and analysts have said that the blockage would further disrupt a global supply chain that has already been stretched thin by the Wuhan coronavirus (COVID-19) pandemic. The enormous ship, known as the Ever Given, weighs […]
03/28/2021
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By Divina Ramirez
LABOR COLLAPSE: Small business owners can’t compete with federal stimulus, struggle to hire workers
President Joe Biden’s $1.9 trillion economic stimulus package has kept thousands of people who lost their jobs fed and comfortable thus far amid the pandemic. On March 6, the Senate voted to approve that package, which included a federal jobless benefit supplement of $300 per week until Sept. 6. But the stimulus package is hurting small […]
03/25/2021
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By Divina Ramirez
Shortage of plastic could force a “big fight for materials” after Texas winter storm
Petrochemical plants in Texas are still recovering from the historic winter freeze that struck the Gulf Coast late last month. This has lead to an increase in the price of plastic alongside a decrease in its supply, which is straining the production of a number of products that use plastic, including smartphones, face masks and automobiles. The freeze left […]
03/16/2021
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By Divina Ramirez
Five-star hotel denied £250,000 insurance claim as it was covered for “plague” but not COVID-19
Rockliffe Hall in Darlington, England attempted to claim on its insurance with Travelers Insurance after it was forced to close due to the coronavirus pandemic. The sum amounted to £250,000. However, the insurance company refused to pay the luxury hotel. The company stated that “infectious disease” was defined in its policy in reference to a list […]
01/02/2021
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By Divina Ramirez
Mask mandates are HARMING economic activity, says economist
With governments worldwide reopening their economies and lifting lockdowns, authorities and health experts have doubled down on their advice that people wear face masks when going out to shop or dine. In fact, an economic report by researchers from the University of Utah even suggested that national mandates for face masks during the COVID-19 pandemic would “persistently” promote economic activity. But economist […]
08/27/2020
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By Divina Ramirez
Cargo thefts up during second quarter of 2020, threatening supplies of food and fuel
Rising cases of cargo thefts are threatening supplies as the impact of the pandemic remains strong. Based on recent reports from cargo theft recording firm SensiGuard, cargo thefts spiked during the second quarter of 2020 at the height of the COVID-19 crisis. In total, the firm recorded 227 cargo thefts since federal authorities declared the […]
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