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News & Articles By Nolan Barton
06/03/2021
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By Nolan Barton
Extended global supply shortage seen as China’s factories squeezed
A factory of Huizhou Baizhan Glass Co. Ltd., maker of glass lamp shades for companies including Home Depot Inc., is being stretched to its limits with sales doubling their pre-pandemic level. But the company based in the southern Chinese province of Guangdong, which makes about $30 million in annual revenue, doesn’t plan to expand operations. […]
05/27/2021
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By Nolan Barton
Treasury to crack down on “illegal activities” in cryptocurrency markets and transactions, ignoring the fact that most crimes are carried out in DOLLARS
The Department of Treasury announced that it is taking steps to crack down on illegal activities in cryptocurrency markets and transactions. It will also require any crypto transfer worth $10,000 or more to be reported to the Internal Revenue Service (IRS). “Cryptocurrency already poses a significant detection problem by facilitating illegal activity broadly including tax evasion,” […]
05/05/2021
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By Nolan Barton
Nobody wants to work: Labor shortage holds back restaurant industry as states ease pandemic restrictions
Many restaurants across the U.S. are finding it difficult to hit the ground running as states lift and ease pandemic restrictions and businesses reopen. Manpower, or lack of it, is the prevailing reason for their troubles. Restaurant owners and managers say the federal unemployment bonuses handed out during the Wuhan coronavirus (COVID-19) pandemic incentivized people […]
04/04/2021
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By Nolan Barton
Manhattan restaurant forced to close as owner can’t find workers
Slovenian restaurant Pakerna in Upper West Side, Manhattan was forced to close two weeks after its opening in December last year not for lack of customers but for lack of workers. Waitresses that worked there left to become contact tracers, while bartenders went on unemployment. Owner Dean O’Neil was never been able to establish a […]
02/28/2021
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By Nolan Barton
Chinese-owned bitcoin farms blamed for widespread and frequent power outages in Iran
Chinese-owned bitcoin farms have been blamed for the widespread and frequent power outages in major cities across Iran since early January. An official from Kerman province said on Jan. 8 that a bitcoin farm near the town of Rafsanjan was consuming an enormous amount of energy. According to authorities, that was the largest bitcoin farm […]
01/30/2021
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By Nolan Barton
Keystone XL pipeline permit cancellation causes massive job loss
Wuhan coronavirus vaccines are not the only thing causing adverse effects these days. It seems that some of the first moves by President Joe Biden are causing them as well. Among them, Biden’s decision to cancel the permit for the Keystone XL pipeline has led to the loss of a lot of jobs. A general manager working on the pipeline said […]
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