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News & Articles By Laura Harris
11/11/2024
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By Laura Harris
Germany to hold confidence vote in January following the dismissal of Christian Lindner as finance minister
Germany’s ruling three-party coalition is set to hold an immediate confidence vote following the dismissal of Christian Lindner as finance minister. In a televised address to the nation from the Federal Chancellery on Nov. 6, Chancellor Olaf Scholz, leader of the Social Democratic Party (SPD), announced that ongoing disagreements over budgetary priorities had undermined the ability […]
11/05/2024
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By Laura Harris
Disappointing BLS report: U.S. economy only created 12,000 new jobs in October due to hurricanes and labor strikes
The latest Bureau of Labor Statistics (BLS) jobs report has revealed that the economy of the United States only grew by a paltry 12,000 jobs in October, with major labor strikes and natural disasters like hurricanes cited as contributing factors. This BLS survey collection, conducted a month before the 2024 presidential election, shows that the job growth […]
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 […]
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