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News & Articles By Mary Villareal
09/01/2022
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By Mary Villareal
HOLY MONEY GRAB: Pope Francis imposes deadline for Holy See entities to deposit their assets with the Vatican Bank
Pope Francis imposed an October 1 deadline for all Holy See entities and Vatican-linked institutions to deposit their assets to the Institute for Works of Religion (IOR) – also known as the Vatican Bank. The IOR, which is based in Vatican City State, has 110 employees and 14,519 clients. As of last year, it is […]
08/31/2022
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By Mary Villareal
Carol Roth: Biden’s Inflation Reduction Act forces Americans to pay more for everything in a “horror movie economy”
Former investment banker Carol Roth denounced President Joe Biden’s Inflation Reduction Act (IRA), claiming that it makes Americans – especially low- and middle-income earners – pay more. During an interview with conservative political commentator Glenn Beck, Roth described the current situation in the U.S. as a “horror movie economy.” In the current moment, everyone feels […]
08/31/2022
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By Mary Villareal
UNAFFORDABLE HOUSING: US home rental rates set new record for 17th straight month
Rental housing rates have set another record high for the 17th straight month, with the median monthly rent in the 50 largest metropolitan areas jumping to $1,879 in July. This is up 12.3 percent from 2021 based on data from Realtor.com and across listings for studios, one-bedroom and two-bedroom dwellings. Meaning, larger apartments and houses are excluded […]
08/31/2022
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By Mary Villareal
Former Trump adviser: Student loan forgiveness plan likely to backfire on Dems
President Joe Biden’s student loan forgiveness plan will likely backfire on Democrats in the upcoming midterm elections, a former Trump economic advisor said. Steve Moore, chief economist of the Heritage Foundation, pointed out that the move could backfire against Biden even with politics aside. He acknowledged that even Democratic Party candidates in some tough battleground […]
08/26/2022
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By Mary Villareal
Raising a child now costs more than $300K due to inflation
Due to skyrocketing inflation, parents can now expect childcare cost to be at $310,605 for an average of $18,271 per year over 17 years. According to the Brookings Institution, the multi-year total is now up to $26,011 or more than nine percent from a calculation based on the inflation rate two years ago, before rapid price increases hit […]
08/21/2022
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By Mary Villareal
INFLATION BOMB: American household spending over $700 MORE per month due to inflation
The highest inflation in almost 41 years has resulted in American households paying an average of $717 more per month, according to the Joint Economic Committee (JEC) Republicans. Despite inflation slowing down slightly in July, the Consumer Price Index still reported that prices climbed 8.5 percent from the previous year. This was largely due to […]
08/19/2022
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By Mary Villareal
Walmart cancels billions in orders to align inventory with plummeting consumer demand
Retail giant Walmart Inc. said on Tuesday, August 16, that it canceled billions of dollars in orders as part of a continued effort to align inventory levels with projected demand as well as reduce exposure to products that do not align with its budget-conscious consumers. The company said its U.S. division reported a 26 percent increase […]
08/19/2022
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By Mary Villareal
Government lost as much as $100 billion to stimulus money fraud during COVID-19 pandemic
The U.S. lost as much as $100 billion in funds as government programs got abused by applicants for benefits and aids related to the Wuhan coronavirus (COVID-19) pandemic. Since the beginning of the pandemic, the government distributed around $5 trillion in pandemic aid through three pieces of legislation, while relying heavily on the applicants’ honesty in applying […]
08/09/2022
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By Mary Villareal
American household debt now over $16 TRILLION amid rising inflation
The New York Federal reserve reported last week that household debt in America climbed to over $16 trillion in the second quarter for the first time as inflation pushed up housing and auto balances. The collective American debt was at $16.15 trillion through the end of June for a $312 billion or two percent increase […]
08/03/2022
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By Mary Villareal
Inflation pushing many Americans to pay at least $1K monthly on vehicle loans
The ongoing inflation, coupled with rising interest rates and supply chain issues, has pushed Americans to pay at least $1,000 a month for their vehicles. According to car shopping website Edmunds, at least 12.7 percent of Americans who bought new cars are shelling that amount to finance their purchases. The figures were closer to seven […]
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