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News & Articles By Ramon Tomey
03/15/2023
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By Ramon Tomey
Economist: Silicon Valley Bank collapse just the “tip of the iceberg” under Biden admin’s reckless economic policies
An economist has warned that the recent collapse of California-based Silicon Valley Bank (SVB) was only the “tip of the iceberg” under the Biden administration’s economic policy. Freedom Works Chief Economist Steve Moore put in his two cents on the bank’s failure during a March 13 appearance on Fox News. He warned the conservative outlet […]
03/15/2023
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By Ramon Tomey
Tyson Foods to close two chicken processing plants; almost 1.7K jobs affected
Meat giant Tyson Foods announced that it will close two of its facilities for processing chicken, affecting close to 1,700 jobs. The Springfield, Arkansas-based meat processing company confirmed the closure of its two plants – one in Van Buren, Arkansas and another in Glen Allen, Virginia – to CNBC. The Van Buren facility with 969 […]
03/14/2023
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By Ramon Tomey
Silicon Valley Bank collapse sends investors scrambling toward bonds, gold
The collapse of California-based Silicon Valley Bank (SVB) sent investors scrambling toward bonds and gold to keep their assets safe. SVB failed on March 10 after a bank run depleted its funds. The California Department of Financial Protection and Innovation subsequently seized the bank and put it under the receivership of the Federal Deposit Insurance […]
03/14/2023
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By Ramon Tomey
Recently collapsed Signature Bank closed Trump’s accounts after J6
New York-based Signature Bank, one of three institutions that recently collapsed, closed the accounts of former President Donald Trump following the Jan. 6, 2021 false flag riot at the Capitol. A March 12 joint statement by the Federal Reserve, the Federal Deposit Insurance Corporation (FDIC) and the Department of the Treasury confirmed the closure of […]
03/13/2023
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By Ramon Tomey
115-year-old paper mill in North Carolina set to shut down operations for good
A North Carolina paper mill that has been in operation for more than a century will soon close down, devastating workers and local officials. Officials of food packaging company Pactiv Evergreen unexpectedly announced the closure of its Canton, North Carolina paper mill. The said mill, which has been operating since 1908, will be closed in […]
03/13/2023
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By Ramon Tomey
Iran to drop use of the dollar in trade with Africa
The Islamic Republic of Iran may soon drop the U.S. dollar in trading with Africa. Iranian Vice President for Economic Affairs Mohsen Rezaee put forward the possibility during a March 6 conference that touched on scientific and economic cooperation between the Islamic republic and West Africa. Highlighting the importance of multilateral cooperation, he remarked that […]
02/23/2023
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By Ramon Tomey
Kyocera president: Business model of producing in China and exporting abroad no longer viable
Hideo Tanimoto, president of Japanese chip manufacturer Kyocera, believes the tandem of Chinese production and global exports is “no longer viable.” Tanimoto made the remark during an interview with the Financial Times (FT). “It works as long as [products are] made in China and sold in China. But the business model of producing in China […]
02/21/2023
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By Ramon Tomey
Real estate collapse: LA property management firm defaults on $755M loans
A property management firm in Los Angeles defaulted on $755 million loans for two office buildings under its wing. Fortune reported on Feb. 15 that Brookfield DTLA Fund Office Trust Investor, a subsidiary of Brookfield Corporation, is deeply in the red. Back in November of last year, the fund manager warned that it may face […]
02/15/2023
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By Ramon Tomey
None of your business: Survey shows Americans prefer companies that stay out of politics
Americans care more about companies doing what is best for business than pandering to woke interests, according to the results of a recent survey. The poll that involved more than 1,000 possible voters was conducted by the Atlanta-based Trafalgar Group and the Convention of States Action (COSA). It found that nearly 80 percent of respondents […]
02/15/2023
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By Ramon Tomey
Leaders of Iran, China meet in Beijing to boost economic ties that will sideline America and the dollar
The leaders of the Islamic Republic of Iran and the People’s Republic of China met at the Chinese capital Beijing to engage in talks and boost economic ties. Iranian President Ebrahim Raisi met with Chinese paramount leader Xi Jinping on Feb. 14 to kick off a three-day state visit. The Iranian leader’s visit to China was […]
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