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News & Articles By Ramon Tomey
11/15/2022
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By Ramon Tomey
Texas judge strikes down Biden’s student loan forgiveness plan
A federal judge struck down the student loan forgiveness plan put forward by President Joe Biden. Had the plan pushed through, hundreds of billions of dollars in student loans would be canceled – setting a disastrous precedent. District Judge Mark Pittman, a magistrate for the U.S. Northern District of Texas, nixed the plan in his Nov. 10 […]
10/14/2022
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By Ramon Tomey
Taipei to comply with US chip export rules directed at Beijing
Taiwan will comply with new rules on semiconductor chip exports put in place by the U.S., even though the rules from Washington were originally aimed at Beijing. The Department of Commerce (DOC) announced the sweeping new export controls on Oct. 7, that will cut China off from certain semiconductor chips that are made with U.S. […]
10/07/2022
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By Ramon Tomey
Saudi Arabia fortifies relations with Russia, thumbing its nose to the West
As major Western powers are cutting ties with Russia amid its invasion of Ukraine, Saudi Arabia appears to be doing the opposite by strengthening relations with Russia. According to the Guardian, Russian President Vladimir Putin and Prince Mohammed bin Salman – the Saudi prime minister – have a lot in common. It mentioned that both […]
09/29/2022
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By Ramon Tomey
Tech and hardware stores now LOCKING UP goods to prevent losses due to thefts
Stores are locking up items that they are selling in a bid to prevent inventory losses from thefts. Big-box stores Best Buy and Home Depot are now following the practice. One Best Buy store in Houston is now securing high-value electronics, such as speakers and activity trackers. The products were displayed in full view of […]
09/19/2022
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By Ramon Tomey
More Americans unable to pay on time as “buy now, pay later” loan scheme becomes popular
As the “buy now, pay later” (BNPL) loan scheme gains popularity, the number of Americans unable to pay on time has also risen. BNPL loans allow customers to pay for items in installments instead of shelling out the full amount. These financial services, considered short-term loans, are popular with younger Americans that fear never-ending credit […]
09/09/2022
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By Ramon Tomey
German gas giant asks Berlin for BAILOUT as country faces energy crisis
A major importer of natural gas in Germany asked the federal government in Berlin for financial aid amid the country’s ongoing energy crisis. Natural gas company Uniper was struggling to replace gas supplies following the shutdown of the Nord Stream 1 (NS1) pipeline – at serious loss to the firm. Uniper CEO Klaus-Dieter Maubach made this […]
09/08/2022
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By Ramon Tomey
Vegan restaurant in the UK adds MEAT to its menu in a bid to stay afloat
Citing the “prohibitively high” costs of operating as a vegan establishment, one restaurant in the United Kingdom added meat to its menu in a bid to attract more customers. Vegan eatery The Mango Tree in Taunton, located in the southwestern English county of Somerset, announced that it will offer a “meat-inclusive menu.” It made the […]
09/02/2022
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By Ramon Tomey
Iran, Russia set to drop US dollar as currency in bilateral trade settlements
Russia and Iran have announced plans to drop the U.S. dollar as a currency in some areas of their trade relations. A report by Russian news agency TASS confirmed this development, quoting remarks made by Central Bank of Iran (CBI) Gov. Ali Saleh Abadi to an Iranian newspaper. “Iran and Russia have already switched to […]
08/25/2022
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By Ramon Tomey
Japan mulls dropping COVID testing requirement for travelers
Japan is considering the abolition of its Wuhan coronavirus (COVID-19) testing requirement for travelers in line with a concurrent plan to increase the amount of tourists entering the country. The South China Morning Post (SCMP) reported that the Land of the Rising Sun is considering a gradual easing of testing requirements. Under current travel rules, […]
08/05/2022
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By Ramon Tomey
Insurance giant GEICO closes down all 38 of its offices in California
Insurance giant Government Employees Insurance Company (GEICO) permanently shuttered 38 of its physical offices in California. The company’s decision to move all operations in the entire Golden State online also left hundreds without a job. GEICO’s move means that while customers in California can still get insurance policies, they will have to use a mobile […]
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