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News & Articles By Ramon Tomey
05/11/2023
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By Ramon Tomey
MTV News SHUTS DOWN, suffering the same fate as fellow leftist BuzzFeed News
MTV News has announced that it will shut down, with the development following the closure of fellow leftist BuzzFeed News. John Nolte, senior writer for Breitbart, elaborated on the news in a May 10 piece. He wrote that Paramount Global, MTV News‘ parent company, announced the closure as part of its 25 percent staff reduction “across the Showtime, […]
05/10/2023
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By Ramon Tomey
T-Mobile CLOSES DOWN flagship San Francisco store amid city’s chaos
Telecommunications company T-Mobile has quietly closed down its flagship store in San Francisco, amid decreased foot traffic and the city’s worsening crime rate. According to the Post Millennial, T-Mobile closed its two-level flagship store at the upscale Union Square area back in April. An employee assigned to T-Mobile’s Mission Street location attested to the closure, which […]
05/09/2023
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By Ramon Tomey
Record-breaking gold purchases by central banks observed in Q1 2023
Record-breaking purchases of gold by central banks of different nations were observed during the first quarter of 2023. The World Gold Council (WGC) disclosed this finding in its latest report, noting that demand for the metal from central banks worldwide reached 228 metric tons (MT). This was a 176 percent increase compared to the 82.7 […]
05/09/2023
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By Ramon Tomey
Cost-of-living crisis in Turkey undermines Erdogan re-election bid
The ongoing cost-of-living crisis in Turkey could compromise the re-election bid of Turkish President Recep Tayyip Erdogan. According to the Jerusalem Post (JPost), millions of Turks have had to deal with runaway inflation for years. Annual inflation has remained in the double-digit counts for almost all of the five years since the 2018 general elections. […]
05/09/2023
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By Ramon Tomey
Oklahoma BANS 13 banks from doing business after they were found to engage in energy boycotts
Oklahoma banned 13 major financial institutions from doing business with the state after a review found that the banks engaged in energy boycotts. State Treasurer Todd Russ announced the measure on May 3, which effectively blocked the banks from managing billions of dollars in Oklahoma pensions, investments and other state entities. His decision represents one […]
05/05/2023
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By Ramon Tomey
Burger King to close up to 400 locations in 2023
Fast food chain Burger King is set to close up to 400 locations across the country this year, with the under-performing ones being the first to go. According to the Daily Mail, Burger King CEO Joshua Kobza confirmed the closures after the company announced its results for the first quarter of 2023. The earnings release […]
05/05/2023
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By Ramon Tomey
Nordstrom to leave downtown San Francisco after 35 years due to city’s deteriorating conditions of high violence and crime
Department store chain Nordstrom has announced that it will leave downtown San Francisco after 35 years in business there due to the city’s deteriorating condition. Nordstrom Chief Stores Officer Jamie Nordstrom wrote in a May 2 letter to employees: “The dynamics of the downtown San Francisco market have changed dramatically over the past several years, […]
05/04/2023
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By Ramon Tomey
Another one bites the dust: Investors warn of more economic pain after failure of First Republic Bank
Investors have warned of more economic pain ahead following the failure of the San Francisco-based First Republic Bank (FRB). The investors issued this warning during the Milken Institute’s 2023 Global Conference in Beverly Hills, California. According to them, the Federal Deposit Insurance Corporation’s (FDIC) seizure of a third U.S. regional bank threatens to constrain credit […]
05/01/2023
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By Ramon Tomey
California businesses still paying for Julie Su’s $31B mistake
Businesses in California are still shouldering the $31 billion mistake of Acting Labor Secretary Julie Su three years on. The so-called “Su tax” was a hike in payroll taxes imposed to offset the massive benefits fraud that happened during the Wuhan coronavirus (COVID-19) pandemic in 2020. Nearly 60 businesses and agriculture groups in the Golden […]
04/30/2023
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By Ramon Tomey
Russian oil still powers European vehicles, thanks to India’s refining capability
Despite sanctions imposed by the West, Russian oil continues to power European vehicles – but only after passing through India’s oil refineries. Bloomberg reported on this development in an April 28 article, citing data from analytics firm Kpler. According to the piece, the South Asian country is on track to become Europe’s largest supplier of […]
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