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News & Articles By Mary Villareal
06/30/2022
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By Mary Villareal
Age of un-retirement: Former retirees getting back to work as inflation gets worse
Former retirees are joining the workforce once more as inflation becomes worse, in a trend dubbed as “un-retirement.” An April 2022 report from the Indeed Hiring Lab revealed that around 1.7 million people who retired in 2021 rejoined the workforce by March 2022. Its findings indicated that labor force is heading back to pre-pandemic levels. […]
06/26/2022
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By Mary Villareal
Millions of Americans pushed out of the housing market as prices soar
Costs of homes have skyrocketed in most parts of the United States, pushing millions of Americans out of the housing market, as per Harvard University‘s annual State of the Nation Housing Report. At today’s home prices, a first-time buyer would have to shell out $27,400 or seven percent of the home sales price as a down […]
06/23/2022
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By Mary Villareal
Biden to provide $140 million to Mozambique while Americans suffer from worsening inflation
The Joe Biden administration has announced its plans to provide $14 million annually over the next decade to the Mozambique province of Cabo Delgado in an effort to rebuild the region after it was overrun by Islamic terrorists in recent months. InfoWars host Owen Shroyer broke down the issue and why this is a problem. […]
06/23/2022
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By Mary Villareal
Central banks trying to combat inflation as Europe and US face likelihood of recession
Deutsche Bank CEO Christian Sewing has revealed that central banks around the world are forced to aggressively tighten their monetary policies to combat inflation because Europe and the U.S. face a high likelihood of recession. The U.S. Federal Reserve, European Central Bank (ECB), Swiss National Bank and the Bank of England have all made their move […]
06/23/2022
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By Mary Villareal
As economy reels from gas price hikes, Biden proposes gas tax holiday
Farmers are now struggling to make ends meet while producing food as diesel prices continue to climb. Pennsylvania farmer Kyle Kotzmoyer told state lawmakers he could not afford the diesel fuel to run his tractor, which is hooked up to his corn plant. He warned the Pennsylvania Legislature that food may no longer be readily available […]
06/19/2022
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By Mary Villareal
Diesel prices rising rapidly, farmers suffer as off-road diesel for farm use hovers above $5 mark
Gas prices have been increasing in the United States, but diesel has been worse — and fears of a diesel shortage this year are causing concern because it is not just retail prices that are rapidly rising: reports of farmers booking off-road diesel for farm use have been trending above the $5 mark as well. […]
06/17/2022
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By Mary Villareal
US producer prices rose 10.8% in May, Labor Department reports
Businesses in the United States charged 10.8 percent higher in May compared to the same month a year ago. It marked the sixth straight month that the government’s producer-price inflation gauge is running at or above 10 percent. According to the Department of Labor, the Producer Price Index (PPI) for final demand rose 0.8 percent in […]
06/15/2022
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By Mary Villareal
Expert economist: High inflation could have been avoided if Federal Reserve acted earlier
Economist Mohamed El-Erian said the current record-high inflation could have been avoided if the Federal Reserve had acted earlier and shown humility after wrongly describing inflation as “transitory.” El-Erian, who serves as an economic adviser at international financial services provider Allianz, appeared as a guest on CBS‘s “Face the Nation” to discuss what caused the […]
06/14/2022
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By Mary Villareal
Average rent prices in the US surpass $2,000 amid inflation and rising mortgage interest rates
The median monthly asking rent in the United States has now surpassed $2,000 for the first time, reaching a record high of $2,002 in May. This is a 15 percent year-over-year increase, on par with April’s annual increase, but slightly lower than the 17 percent gain in March. More people are opting to live alone, but […]
06/01/2022
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By Mary Villareal
Lumber prices fall as rising interest rates affect housing industry
Another sign of how rising interest rates are deflating markets that boomed during the Wuhan coronavirus (COVID-19) pandemic can be seen in lumber prices, which have started crashing down. Wood prices were a leading indicator of the supply chain problems and inflation following the pandemic lockdowns. Prices shot up in the summer of 2020 as […]
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