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News & Articles By Laura Harris
10/25/2024
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By Laura Harris
Rising costs, shrinking consumer spending and changing customer habits push more restaurants into bankruptcy
At least 10 major restaurant chains have filed for Chapter 11 bankruptcy this year due to rising costs, shrinking consumer spending and the disappearance of pandemic-era financial support. In August alone, three notable restaurant chains sought bankruptcy protections. Mediterranean fast-casual chain Roti filed on Aug. 23, citing challenges from high operating costs and decreasing foot […]
10/16/2024
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By Laura Harris
HUD ANNUAL STUDY: Homelessness on the rise due to rising housing costs, poverty and the expiration of pandemic relief measures
The Department of Housing and Urban Development (HUD) has revealed that homelessness in the United States is on the rise due to rising housing costs, poverty and the expiration of pandemic-related relief measures. According to the HUD annual study, homelessness has been on an upward trajectory for six consecutive years, with significant growth observed since 2019. […]
10/16/2024
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By Laura Harris
7-Eleven to close 444 underperforming stores across North America as retail economy continues to crater
Popular convenience store chain 7-Eleven has announced the closure of 444 underperforming stores across North America, as the Japanese-owned corporation responds to changing consumer habits and ongoing inflationary pressures. According to its Tokyo-based parent company Seven & I Holdings, the closure will only affect around three percent of 7-Eleven’s over 13,000 stores across the United […]
10/15/2024
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By Laura Harris
McDonald’s will likely revamp value meal as Bidenomics continues to strain the wallets of lower-income customers
Mcdonald’s Chief Executive Officer Chris Kempczinski has announced that the fast food giant will likely “revamp” its value meal as President Joe Biden’s economic program, also known as “Bidenomics,” continues to strain the wallets of lower-income customers. In July, McDonald’s reported a decline in same-store sales for the first time in nearly four years, a […]
10/08/2024
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By Laura Harris
REPORT: About 70% of counties in battleground states now depend on government aid programs
A new Economic Innovation Group (EIG) analysis has revealed that 70 percent of counties in battleground states now depend on government aid programs. The EIG study, which examined Social Security, Medicaid, unemployment insurance and food stamps, found that on average, the federal government shoulders about 70 percent of the costs, with states covering the remainder. Notably, spending […]
10/08/2024
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By Laura Harris
Study: EV owners have BIGGER CARBON FOOTPRINTS than traditional car owners
Research from the University of Turku in Finland has revealed that average electric vehicle (EV) owners have larger carbon footprints than internal combustion engine vehicle (ICEV) owners. The Finnish study surveyed nearly 4,000 Finnish on car ownership, housing, transport and lifestyle habits to calculate carbon emissions, and found that EV drivers generate an average of […]
10/08/2024
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By Laura Harris
Tesla recalls over 27,000 Cybertrucks due to safety issue involving rearview cameras
Tesla is set to recall more than 27,000 Cybertrucks after discovering a potential safety issue with the rearview camera system. According to a notification filed with the National Highway Traffic Safety Administration (NHTSA), the recall affects about 27,185 Cybertrucks manufactured between Nov. 13, 2023, and Sept. 14, 2024. The issue, as reported by Tesla, arises under specific […]
09/20/2024
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By Laura Harris
Kevin Hart’s vegan food chain closes all locations in California following minimum wage hike for fast-food workers
Comedian Kevin Hart’s vegan fast-food chain Hart House suddenly closed all four locations in Southern California on Sept. 10 due to the alleged impact of the new minimum wage hike for fast-food workers. In September 2023, California Gov. Gavin Newsom signed AB 1228 by Assemblymember Chris R. Holden (D-Pasadena) to increase the minimum wage for more than 500,000 […]
09/10/2024
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By Laura Harris
Judge temporarily blocks implementation of White House’s latest student debt forgiveness scheme
A judge has temporarily blocked the implementation of the White House’s latest student debt forgiveness plan, just days after seven Republican-led states filed a lawsuit to halt it. On Sept. 3, Missouri, Alabama, Arkansas, Florida, Georgia, North Dakota and Ohio sued the Department of Education to block the administration of President Joe Biden and Vice President Kamala Harris […]
09/05/2024
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By Laura Harris
Oklahoma governor proposes employing migrants willing to work for low wages to fill critical job gaps
Oklahoma Gov. Kevin Stitt has proposed to match low-wage migrants with local employers in sectors like nursing, engineering, accounting, construction and education to fill vacancies in these critical industries. This comes after the release of the “Oklahoma State Work Permits and Visas Task Force 2024” report on Aug. 26. The report encourages a welcoming stance toward legal […]
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