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News & Articles By Arsenio Toledo
09/14/2022
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By Arsenio Toledo
World’s second-largest home appliance manufacturer reports massive drop in demand – another ominous sign pointing to GLOBAL RECESSION
Swedish company Electrolux AB, the world’s second-largest manufacturer of home appliances, recently announced a cost-reduction program after reporting a steep decline in demand for the company’s products during the third quarter of the year. Demand from Europe and the United States for the company’s core appliances has plunged in the third quarter and at a […]
09/13/2022
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By Arsenio Toledo
China’s economy showing signs of FAILING as exports slow down, shipping industry weakens
Chinese exports are slowing down and the country’s shipping industry is weakening – ominous signs that the country’s economy is failing. On Wednesday, Sept. 7, the Chinese government released a report showing that exports rose 7.1 percent year-over-year in August. This is far below the consensus forecast predicting a 12.8 percent growth in exports. This is […]
09/09/2022
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By Arsenio Toledo
New British Prime Minister proposes 200 billion pound spending program to subsidize UK’s soaring energy bills for two years
Newly elected British Prime Minister Liz Truss announced on Thursday, Sept. 8, that her government would place a price cap on soaring consumer energy bills for two years as a way to deal with the worsening cost of living crisis. Economists warn that such a scheme could cost British taxpayers 200 billion pounds ($231.66 billion). […]
09/09/2022
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By Arsenio Toledo
Growth in Taiwanese exports slows to a trickle, raising alarms of global economic slowdown
Taiwan’s exports only grew by two percent in August year-over-year, the slowest pace in over two years. Analysts have noted this as a sign that global demand for goods is slowing down, and that the global economy might experience more turmoil ahead. According to a statement from Taiwan’s Ministry of Finance published on Wednesday, Sept. 7, the last time […]
09/07/2022
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By Arsenio Toledo
British pound sterling’s value against the dollar falls to lowest level since 1985
The value of the United Kingdom’s pound sterling has slumped to its lowest level against the United States dollar since 1985, reflecting the deteriorating economic situation in Great Britain. The value of the pound fell to as low as $1.1443, the lowest level since 1985, before recovering slightly. As of press time, one pound is […]
09/07/2022
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By Arsenio Toledo
IMPLOSION: Amazon scraps plans to build 42 new warehouses, shuts down 2 active facilities
Amazon is abandoning plans to build 42 new warehouses all over the United States and is closing down two active facilities. The company is determined to reduce the size of its sprawling business amid slowing sales growth. MWPVL International, which tracks Amazon’s massive real estate footprint, noted that the company has either shuttered ongoing plans or […]
09/02/2022
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By Arsenio Toledo
Home prices could crash by 20% next year, expert warns
Financial and real estate market experts are warning that housing prices could crash by at least 20 percent by 2023. Mark Zandi, the chief economist for financial services firm Moody’s Analytics, is forecasting a massive crash in housing prices. Zandi correctly predicted in May that housing activity in America would plummet through the summer, and […]
08/30/2022
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By Arsenio Toledo
GET WOKE GO BROKE: Target sees nearly 90% reduction in profits as its support for transgenderism drives away loyal customers
American retail chain Target saw its profits for the second quarter of 2022 decline by nearly 90 percent as the company’s open support of transgenderism and the LGBT agenda drove away many formerly loyal customers. The company first introduced transgender-friendly policies in 2016, when it allowed men identifying as trans women to use store dressing […]
08/24/2022
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By Arsenio Toledo
New single-family home sales plunge to 6 1/2 year low as mortgage rates and housing prices continue to rise
New home sales in the United States for single-family units plunged to a six-and-a-half-year low in July as increasingly high mortgage rates and house prices and the downturn in the American economy are preventing first-time homebuyers from entering the market. The report came from the Census Bureau of the Department of Commerce, providing more evidence that […]
08/24/2022
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By Arsenio Toledo
Mass layoffs incoming: 50% of employers plan to cut jobs in the next 12 months
A survey has found that around 50 percent of all employers in the United States will eliminate jobs within the next 12 months. The survey was conducted by PricewaterhouseCoopers (PwC) on 722 U.S. executives in early August. According to the survey, 50 percent of American firms are anticipating job cuts, while 52 percent are also expecting […]
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