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News & Articles By Mary Villareal
03/24/2022
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By Mary Villareal
Maryland and Georgia suspend gas taxes, other states to follow in effort to hide Biden’s inflation
Maryland and Georgia have halted their collection of gas taxes in an effort to hide the effects of Biden’s inflation from the American people. In Maryland, the emergency bipartisan legislation signed by Governor Larry Hogan will suspend the gas tax for 30 days and will save the residents 36.1 cents per gallon for diesel. Hogan said […]
03/16/2022
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By Mary Villareal
Record gas prices are pushing up everyday costs, could lead to recession
Americans are in shock with the surging prices at gas stations across the country. The global energy costs are now rippling through the economy following Russia’s invasion of Ukraine, and the surges appear to be making inflation problems even worse. John Migliorini, vice president of Lakeville Trucking in Rochester, New York, said that customers may […]
03/14/2022
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By Mary Villareal
Russia likely to default on sovereign debt payments
Russia got another slash in its credit rating on March 8 as Fitch Ratings warned that Moscow is likely to default on its sovereign debt payments. Less than a week after Fitch downgraded Russia to junk status and put Moscow on the “rating watch negative” following its invasion of Ukraine, the agency cut the rating […]
03/11/2022
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By Mary Villareal
McDonald’s pulls out of Russia, causes frenzy among population trying to get their last fast food fix
Fast-food giant McDonald’s recently announced store closures in Russia following the country’s invasion of Ukraine, causing a buying frenzy from hungry customers. One McDonald’s lover went viral for filling their fridge full of burgers. Many others have started selling Big Macs online for as high as £250 ($325.96) after McDonald’s announced that it is closing its 850 […]
03/01/2022
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By Mary Villareal
Financial pressures rise worldwide as governments witness the unfolding of the Russia-Ukraine crisis
Benchmarks rose in early trading in Tokyo and Shanghai as global investors began eyeing talks aimed at ending the Russian assault on Ukraine. The surging oil prices and increasing financial pressure from the U.S. and its allies on Russia for its invasion of Ukraine, are now adding to uncertainty about the global economic outlook. Russia, […]
02/24/2022
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By Mary Villareal
Aluminum and nickel, other commodity prices rise following Russia’s move on Ukraine
Aluminum and nickel prices spiked after Russia moved troops to two areas in Ukraine and declared them as independent regions. Aluminum prices, which were at $3,270 per ton on February 21, jumped 3.67 percent to around $3,390 the following day. Meanwhile, nickel, which was trading at $24.350 per ton, jumped 3.9 percent to $25,300 on […]
02/18/2022
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By Mary Villareal
No let-up: Inflation in the US expected to get even worse
The national average fuel price at the time of the 2020 elections was $2.00. It’s now $3.37 — a 68 percent increase in 15 months. In another five months, that same price will look cheap as energy prices ripple through the economy, which makes them an important indicator of what is happening. Hedge fund manager and TV […]
02/16/2022
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By Mary Villareal
No end in sight for inflation: Consumers and small businesses will continue to suffer as long as the money printing continues
Consumer inflation reached 7.5 percent in the past year, and the increase in prices left only a few unscathed. Consumers and businesses all have to make difficult decisions as inflation and supply chain crisis take over the U.S. economy. The supply chain crisis that magnified inflation since the Wuhan coronavirus (COVID-19) pandemic recession may start to […]
02/03/2022
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By Mary Villareal
Despite wage increases, the average US worker lost money in 2021 due to soaring inflation
Despite historically high raises that brought hourly wages to a record peak of $31.31, American workers still lost money last year due to price increases for commodities like food and gas, and even services. In reality, according to the Bureau of Labor Statistics (BLS), the massive pay hikes turned into a 2.4 percent pay cut for the average employee […]
01/29/2022
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By Mary Villareal
Orders for durable goods fell in December 2021 for the first time in three months
Order for durable goods fell in December for the first time in three months. Bookings for durable goods, or items that can last at least three years, dropped 0.9 percent from November, showing a drop in orders for commercial aircraft and communications equipment. At the same time, orders for November were revised to show up […]
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