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News & Articles By Arsenio Toledo
08/01/2023
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By Arsenio Toledo
Nearly 800,000 Californians behind on rent, with over $5B accumulated rental debts
As of early May, more than 768,000 households in California were behind on rent payments, with the accumulated rental debts totaling more than $5 billion. California continues to suffer from some of the most expensive rent prices in the nation, and local organizers warn that the ending of eviction moratoriums could make the situation worse […]
07/31/2023
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By Arsenio Toledo
DUMPING DEBT: Nearly two dozen countries, including many US allies, are dumping their US Treasury bond holdings
Major holders of United States Treasury bonds are selling off American debt at an alarming rate. Even the two major holders of U.S. Treasuries – Japan and China – are starting to sell off their holdings. China began its long process of selling off its massive U.S. debt holdings in June 2019, when it was […]
07/28/2023
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By Arsenio Toledo
BRICS bloc’s proposed gold-backed currency could spell an END to the US dollar
The BRICS bloc of developing nations wants to create a common currency backed by gold. If the organization pushes through with this, it could spell the end for the United States dollar. This is according to multiple experts who warn that BRICS’ proposal to leverage the power of gold could end with these five nations […]
07/26/2023
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By Arsenio Toledo
James Grundvig of AMP News calls FedCoin garbage, says the Fed’s CBDC is nowhere near ready
The central bank digital currency (CBDC) being developed by the Federal Reserve, known alternatively either as the FedCoin or the digital dollar, is unlikely to be ready until next year at the earliest. This is according to recent reports regarding the status of the Fed’s development of a CBDC. (Related: Only 16% of Americans would support […]
07/26/2023
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By Arsenio Toledo
168-year-old Santa Barbara News-Press files for bankruptcy, fires all workers
The 168-year-old Santa Barbara News-Press, one of the oldest newspapers in California, has ceased publishing after its parent company filed for bankruptcy. This comes just months after the newspaper ceased all physical publication, becoming an online-only news publication in April. But its last digital edition was posted on Friday, July 22, following the revelation that owner […]
07/25/2023
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By Arsenio Toledo
Mexican drug cartels are behind surge in organized retail crime across the US
Mexican drug cartels are trying to expand their global criminal empires. According to reports, they are behind the recent surge in organized retail crime (ORC) in the United States. ORC is the large-scale theft of merchandise in retail outlets with the intent to resell the items for financial gain. Retail crime has become a very serious […]
07/20/2023
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By Arsenio Toledo
Tech companies laid off nearly 221,000 workers in 2023 – already way ahead of last year’s total
Nearly 221,000 global tech-sector employees have been laid off since the beginning of 2023. This is according to data compiled by the website Layoffs.fyi, which currently lists 877 tech companies that have laid off 220,995 employees since January. Last year, 1,024 tech companies laid off a total of 154,336 employees. Most recently, tech giant Microsoft announced […]
07/12/2023
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By Arsenio Toledo
Biden’s EV program is alienating allies in the United Auto Workers, who fear the push will lead to fewer well-paying union jobs
President Joe Biden’s sweeping electric vehicle (EV) program is alienating one of his formerly staunchest union allies: the United Auto Workers (UAW). The UAW, a massive and powerful union representing more than 400,000 workers in the automobile industry, has long been an influential force in progressive politics, aiding pro-labor union Democrats in the Midwest with […]
07/11/2023
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By Arsenio Toledo
GREEDFLATION: Walmart prepares to increase prices despite reporting 7.33% profit growth
Walmart is expected to once again increase store prices at a time when even the American middle class is struggling to shop for essentials at the big box store that many consider to be one of the cheapest places to get goods. Walmart has been warning for months now that inflation in the United States […]
07/10/2023
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By Arsenio Toledo
BANKRUPTCY BOOM: U.S. saw 70 major bankruptcies in just 4 months, the third worst start of year since 2000
The United States had at least 70 major bankruptcies in the first four months of the year. This major bankruptcy rate is the third worst start to the year since 2000, surpassed only in 2009 during the height of the Great Recession and in 2020 during the upheaval caused by economic lockdowns. In 2009, from […]
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