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News & Articles By Zoey Sky
11/27/2023
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By Zoey Sky
Automakers cut programs and reassess future plans for EV production as consumer demand plummets
In recent months, some of the biggest car manufacturers have postponed their plans to produce more electric vehicle (EV) by 2030. Ford Motor Co. (Ford) paused its $3.5 billion electric car plant in Marshall, Michigan. Both General Motors (GM) and Honda have also canceled a program to sell EVs for around $30,000. Ford has also […]
11/16/2023
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By Zoey Sky
Target CEO warns that shoppers are spending less because of budgetary concerns
Former Walmart CEO Bill Simon recently warned that American consumers are nearing a “breaking point.” Now, it’s Target CEO Brian Cornell’s turn to warn about the cutback in consumer spending. In an interview with CNBC‘s Becky Quick on “Squawk Box,” Cornell talked about Target’s challenges, including the cash crunch facing consumers amid high inflation. Cornell also shed […]
11/15/2023
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By Zoey Sky
Sudden local bank closures in San Francisco area surprise residents
Residents were taken by surprise as many local bank branches began closing all over San Francisco while the city’s economic decline continues through other issues like crime, homelessness and a devastating drug epidemic. In March, the Silicon Valley Bank (SVB) in Santa Clara failed as depositors pulled their funds due to panic from the venture capital […]
11/13/2023
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By Zoey Sky
Ongoing INTERNATIONAL CONFLICTS spark worries about Pentagon’s worsening military weapons and munitions shortages
Western defense officials have expressed concerns that with Israel going to war at the same time the West is battling Russia by proxy in Ukraine, there won’t be enough artillery shells and other weapons left to help both allies amid ongoing conflicts. Planners at the North Atlantic Treaty Organization (NATO) are also worried even though Israel […]
11/02/2023
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By Zoey Sky
Financial preparedness: What are the dangers of a “cashless” economy?
For modern shoppers, cashless payment methods may seem like a convenient and secure option. But if you want to avoid common risks like credit card fraud and digital systems that are vulnerable to cyberattacks, cash will always be king. (h/t to SHTFPlan.com) In the U.S. and other economies that have legal tender laws, only cash is […]
10/30/2023
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By Zoey Sky
Amazon prepares army of 750,000 ROBOTS to eliminate HUMAN workers
Amazon recently announced that it has “750,000 robots working collaboratively” with human employees. The company introduced two new robotic systems to speed up its deliveries, raising concerns among fulfillment center workers that the e-commerce giant might eventually reduce or totally replace its human workforce. In a blog post on Oct. 18, Amazon revealed that its […]
10/22/2023
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By Zoey Sky
UAW launches strike at Ford’s “highly profitable” Kentucky Truck Plant
The United Auto Workers (UAW) union has launched a strike at Ford Motor Company’s “highly profitable” Kentucky Truck Plant. The strike took effect at 6:30 p.m. (ET) on Oct. 11 at the truck plant that produces Ford Super Duty pickups. It also produces the automaker’s Ford Expedition and Lincoln Navigator SUVs. The facility, which is Ford’s […]
10/19/2023
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By Zoey Sky
Banker says Russian electricity is 10X cheaper than that of the U.K., at least 4X cheaper than the EU’s
A leading banker from PJSC Sberbank (formerly Sberbank of Russia) said electricity costs for Russian consumers are about 10 times lower than in the U.K. and at least four times less than in the European Union (EU). The banker was referring to prices for households and businesses. Anatoly Popov, deputy chairman of the board of Russia’s largest lender, disclosed this […]
10/16/2023
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By Zoey Sky
HYPOCRISY: U.S. to INCREASE IMPORTS from Russia amid economic sanctions on Moscow
According to recent data from the U.S. Census Bureau (USCB), the U.S. has increased imports of goods from Russia despite imposing widespread economic sanctions on Moscow. The USCB report found that the volume of products imported from Russia in August went up by $56.4 million and amounted to $298.1 million. However, the figure is much lower compared to February, […]
10/11/2023
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By Zoey Sky
More than 75,000 workers go on STRIKE against Kaiser Permanente over “offensive raise proposal”
On Oct. 4, more than 75,000 employees with the Kaiser Permanente (KP) hospital systems went on strike due to wage and staffing issues. Some consider the KP strike the largest healthcare strike in U.S. history. The Coalition of Kaiser Permanente Unions (CKPU) represents more than 85,000 healthcare workers in KP facilities in seven states and […]
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