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News & Articles By Laura Harris
06/20/2024
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By Laura Harris
EV startup Fisker files for bankruptcy after suspending production
Electric vehicle startup Fisker has filed for bankruptcy protections to sell its assets and restructure its debt after it suspended production. Earlier this year, the company’s founder, automotive designer Henrik Fisker, already expressed his doubts about the company’s ability to remain in business. The company’s failure to secure a crucial investment from Japanese automobile giant Nissan […]
06/20/2024
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By Laura Harris
America’s largest private bus company officially files for BANKRUPTCY
Coach USA, the operator of Megabus and two dozen other commuter bus lines in the United States and Canada, has officially filed for bankruptcy protection. According to the documents filed in bankruptcy court in Wilmington, Delaware on June 18, Coach USA, the largest privately owned bus company in the U.S., filed for Chapter 11 bankruptcy protection due to […]
06/19/2024
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By Laura Harris
Tesla shareholders vote to reinstate Elon Musk’s $56 billion pay package despite earlier court order to rescind it
Tesla shareholders have reinstated CEO Elon Musk’s controversial $56 billion 2018 compensation package, five months after a Delaware judge ordered its rescission. In 2018, the board initially approved Elon Musk’s compensation plan, which is reputed to be the largest of any CEO in a publicly traded company in the United States. Unlike traditional compensation plans, the package does […]
06/13/2024
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By Laura Harris
RETAIL DECLINE: Walmart has shut down 9 stores so far this year
A retail analyst’s prediction eight years ago about the retail apocalypse turned out to be true, as Walmart recently announced the shuttering of nine “underperforming” stores in four states this year alone. The first two stores to close this year were in California, with the San Diego and El Cajon locations shutting their doors on Feb. 9. These were […]
05/31/2024
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By Laura Harris
NYC hotel rates reach record highs as city fills available rooms with illegal immigrants
The cost of hotel rooms in New York City has increased by 8.5 percent after the local government turned hotels into shelters to provide temporary housing for so-called asylum seekers, forcing the availability of rooms to decrease and prices to go up. In 2022, New York City signed a $980 million contract with HANYC, the […]
05/28/2024
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By Laura Harris
6 Fast food companies increased their prices by 77.4% in 51 months, outpacing the 21.5% inflation rate over the same period
A recent report from The Street reveals that six American fast food companies have increased their prices by 77.4 percent in a span of 51 months, far outpacing the inflation rate over the same period. According to the Bureau of Labor Statistics inflation calculator, the overall inflation rate between December 2019 and March 2024 is about 21.5 percent. Over […]
05/20/2024
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By Laura Harris
Almost 50% of small businesses say they’re NOT going to survive a second Biden term
A new RedBalloon and PublicSquare report reveals that nearly half of small businesses in the United States believe they “definitely” or “probably” don’t stand a chance to survive another four years of Joe Biden presidency. The survey, which polled 80,000 small businesses, found that 22.4 percent of respondents think they definitely don’t stand a chance to survive another four years under the […]
05/17/2024
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By Laura Harris
Chinese EV hatchback threatening to disrupt U.S. auto sales with very low price and claims of efficiency
A Chinese electric hatchback car has ignited fears among American automakers and politicians as it makes itself more marketable to Americans while it carves a path through the global automotive industry. In 2023, Chinese electric car manufacturing giant BYD launched Seagull, a budget-friendly electric hatchback or city car billed as performing and having craftsmanship comparable to […]
05/07/2024
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By Laura Harris
High unemployment rates, high taxes and population exodus pushing Illinois to the brink of collapse
The Democrat-controlled state of Illinois continues to struggle with high unemployment rates, a burdensome tax system and a population exodus, leading to a diminished tax base, higher budget deficits and skyrocketing pension debt. According to data from the Illinois Department of Employment Security, Illinois ranked fifth-highest in unemployment rates among states in March, with a rate of […]
05/05/2024
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By Laura Harris
POLL: 68% of Americans believe the U.S. is “out of control” under Biden
A recent YouGov/The Economist poll reveals that 68 percent of Americans believe that the United States has become “out of control” under the leadership of President Joe Biden. The poll, conducted among 1,755 Americans from April 28 to 30, asked the respondents how they perceive “things in this country these days.” Sixty-eight percent of respondents believe that the nation is […]
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