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News & Articles By Laura Harris
03/06/2024
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By Laura Harris
StatCan: Canadian household debt-to-income ratio surpasses levels seen across other G7 countries
Recently released data from Statistics Canada (StatCan) reveals that Canada has clinched the dubious title of having the highest household debt to disposable income level among G7 countries due to the country’s ongoing housing crisis. Real estate constitutes a substantial portion of the average household’s wealth, accounting for approximately 55 percent, while mortgages represent the bulk of their […]
03/05/2024
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By Laura Harris
Kellogg’s CEO faces backlash over “cereal for dinner” campaign amid rising grocery prices
Kellogg’s CEO Gary Pilnick has ignited a social media firestorm after claiming that the “cereal for dinner” campaign is “landing very well” with American consumers. The initiative, which suggests a more affordable dining option for families amid skyrocketing grocery costs in the form of Kellogg’s breakfast ceral products, has faced backlash. In a recent live interview […]
03/01/2024
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By Laura Harris
Macy’s to close 150 underperforming stores across the U.S. by 2026, including flagship San Francisco store
Retail giant Macy’s is set to close 150 underperforming stores nationwide over the next three years as the chain works to stay relevant in the ever-evolving retail industry. The iconic department store chain has decided to cut off around 30 percent of its current fleet, including its flagship store in Union Square, San Francisco, to focus on upgrading the remaining 350 shops, opening 30 […]
02/27/2024
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By Laura Harris
Nike is DOING IT: Sports shoes and apparel giant to cut roughly 1,700 jobs to reduce costs by $2B over the next 3 years
Global sportswear giant Nike has announced plans to lay off roughly 1,700 employees, in a bid to cut costs by $2 billion over the next three years. Last December, Nike revised its revenue forecast and revealed cost-cutting measures as the company faces challenges stemming from changing consumer behavior, increased competition from emerging brands and economic […]
02/27/2024
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By Laura Harris
Biden admin to WIPE OUT $1.2B in federal student loans under new plan – essentially vote-buying using taxpayer money
The Department of Education (ED) has announced the automatic discharge of $1.2 billion in federal student loan debt for 153,000 borrowers under a new income-driven repayment (IDR) plan from President Joe Biden. The Saving on A Valuable Education (SAVE) Plan seeks to provide relief to enrolled borrowers who have diligently made payments for at least 10 years and […]
02/23/2024
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By Laura Harris
Google faces backlash over MASS LAYOFFS in January despite company’s financial success
Tech giant Google has once again come under fire after conducting another round of mass layoffs in January to streamline operations and allocate more resources to artificial intelligence (AI). The job cuts, which affected a thousand employees, included hundreds of workers in the voice assistant sector, hardware teams responsible for Pixel, Nest and Fitbit products, augmented reality, engineering […]
02/20/2024
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By Laura Harris
Analysts warn: Net zero movement to cause SPIKES in food prices and drive farmers out of business
Analysts have warned that the net zero movement will drive food prices even higher and small farmers out of business. Farming requires large investments in heavy equipment and operating costs, especially during the time between planting crops or raising animals and selling them in the market. So, some farmers claim that net zero policies could hurt smaller farms more […]
02/06/2024
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By Laura Harris
Connecticut set to become first state to wipe out medical debt for eligible residents
Connecticut is set to become the first state to eliminate medical debt for all eligible residents. The program, expected to commence in June, will be carried out in partnership with a nonprofit organization specializing in acquiring and canceling medical debt. Eligible residents include families whose medical debt represents five percent or more of their annual income. According to […]
01/29/2024
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By Laura Harris
Apple to launch own EV in 2028 after SCRAPPING plans to create a fully autonomous car
Tech mega-corporation Apple is planning to launch its first-ever electric vehicle (EV) in 2028 after years of setbacks, executive turnover and ambitious visions of creating a fully autonomous vehicle without a steering wheel. The EV project, known as Project Titan and T172, has been marred by leadership changes, strategy shifts, layoffs and multiple delays since its […]
01/26/2024
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By Laura Harris
LA Times lays off over 20% of newsroom workforce in desperate effort to stop financial losses
The Los Angeles Times, one of the oldest journalistic institutions in the United States, has laid off at least 115 employees, representing more than 20 percent of its newsroom workforce to address financial struggles. The newspaper described its recent mass layoffs as “one of the largest workforce reductions in the history of the 142-year-old institution.” Since biotech billionaire Dr. Patrick […]
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