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News & Articles By Nolan Barton
09/22/2021
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By Nolan Barton
Microchip shortage affects production of new vehicles, leads to higher car prices
Demand continues to outpace supply in the auto manufacturing industry as the ongoing shortage of microchips significantly impacts carmakers’ production of new vehicles. The high demand spills over to the used-car market. “As is always the case, the new car and used-car markets are tied,” says Cars.com Executive Editor Joe Wiesenfelder. “High prices in one affect the other, […]
09/13/2021
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By Nolan Barton
PPP loans to supposed farms flowed into shoreline front operations instead
Dozens of Paycheck Protection Program (PPP) loans to supposed farms flowed into the shoreline communities of Ocean County, New Jersey last year. “Ritter Wheat Club” and “Deely Nuts,” supposedly a wheat farm and a tree nut farm, each got $20,833, the maximum amount available for sole proprietorships. “Tomato Cramber” up the coast in Brielle got […]
08/26/2021
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By Nolan Barton
At least 2 Chick-fil-A locations close dining rooms due to lack of workers
At least two Chick-fil-A locations are closing their dining rooms as businesses struggle to hire enough workers to meet customers’ needs. Both restaurants are located in Alabama – one at Madison and the other at McCalla. The Madison Chick-fil-A said in a statement posted on its Facebook page that it is currently “in the middle […]
08/19/2021
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By Nolan Barton
Surge in shipping costs, bottlenecks at ports threaten global economic recovery
The price of moving a 40-foot container from China to the West Coast has jumped to almost $16,000 – a tenfold increase from pre-pandemic costs – as surging shipping prices and bottlenecks at ports threaten global recovery from the economic crisis inflicted by the Wuhan coronavirus (COVID-19). From Shanghai to Rotterdam, transporting a 40-foot steel cargo […]
07/09/2021
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By Nolan Barton
Number of cryptocurrency scams in America soared over the last two years
Nearly 26,500 cases of cryptocurrency scams were reported to the government last year, resulting in a loss of $419 million. This year, the number of cases is on pace to exceed those numbers. Glenn Titus of Salem, Oregon was among those who got scammed recently. Titus was hit by what’s known in the world of […]
06/28/2021
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By Nolan Barton
Foreign currency deposits in Chinese banks surpass $1T
Foreign currency deposits in Chinese banks have surpassed $1 trillion for the first time. The pool has been growing especially during the coronavirus (COVID-19) pandemic as surging demand for Chinese goods beefed up foreign earnings of local exporters. China’s resilient economy and strengthening currency have also lured overseas investors to sell dollars for yuan to […]
06/17/2021
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By Nolan Barton
El Salvador plans to use geothermal energy from volcanoes for bitcoin mining
President Nayib Bukele of El Salvador has instructed a state-owned geothermal electric company to put up a plan to use geothermal energy from the country’s volcanoes for bitcoin mining. Bukele announced his move on Twitter at 1:35 a.m. Thursday, June 10, just hours after El Salvador became the first country to authorize bitcoin as a legal tender. […]
06/15/2021
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By Nolan Barton
Cybercriminals ditching Bitcoin in favor of Monero
Cybercriminals who thought transacting in cryptocurrency automatically protected them from scrutiny were proven wrong when the Federal Bureau of Investigation (FBI) successfully breached a crypto wallet held by the Colonial Pipeline hackers. Now with this in mind, hackers have started turning to coins with anonymity built into them, such as Dash, Zcash and Monero. Monero, in particular, is quickly becoming […]
06/13/2021
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By Nolan Barton
El Salvador becomes first country to adopt bitcoin as legal tender
The Bitcoin Law on Wednesday, June 9, garnered 62 of the possible 84 votes from El Salvador lawmakers, making the Central American country the first to adopt the volatile cryptocurrency as legal tender. Shortly after the vote, bitcoin jumped more than 13 percent to trade above $37,000 before settling lower at $36,435.96, according to CoinDesk […]
06/08/2021
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By Nolan Barton
Chamber of Commerce: Labor shortage plaguing businesses nationwide is worsening
A Chamber of Commerce report released Tuesday, June 1, warned that a recent labor shortage plaguing businesses nationwide is worsening. The Chamber’s report described the situation as a “national economic crisis.” According to the report, the United States had a record 8.1 million vacant job openings in March – the last month where data was available. It was an increase […]
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