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News & Articles By Cassie B.
02/05/2021
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By Cassie B.
11,000 American jobs lost thanks to Biden’s executive order canceling Keystone XL Pipeline
On President Joe Biden’s first day in office, he signed an executive order stopping the construction of the Keystone XL pipeline, which was intended to transport crude oil from Canada to the United States. Americanpipeliner.com estimates that up to 11,000 jobs were lost directly because of the pipeline’s cancellation. The pipeline workers will now have […]
08/11/2020
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By Cassie B.
Most New York City restaurants won’t be able to pay their July rent, survey finds
The economic effects of the coronavirus crisis are being felt deeply in the New York City restaurant industry. July was just the latest in a string of disappointing months for the city’s restaurants, bars and clubs, and a new survey has found that most of these establishments will be unable to pay their rent for […]
08/01/2020
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By Cassie B.
UCSF medical school pays hackers $1.14 million in bitcoin to get stolen data back
The University of California San Francisco paid $1.14 million in bitcoin to hackers following a ransomware attack that took place earlier this month. The attack encrypted data on the university’s School of Medicine servers, rendering it inaccessible. The hackers initially demanded $3 million, but the university got them to agree to a lower amount through […]
07/16/2020
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By Cassie B.
Is the U.S. Treasury trying to END currency by taking change out of circulation?
Some U.S. retailers have stopped giving customers change because of what is being widely touted as a coin shortage, but many people fear that the Treasury is trying to use coronavirus as an excuse to ramp up the war on cash and end currency in favor of far more trackable electronic transactions. Kroger recently became […]
05/19/2020
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By Cassie B.
Layoffs strike The Economist as coronavirus continues to hit major media companies hard
It may not be too shocking to see sectors like tourism being hit so hard by the coronavirus pandemic, but its effects are being felt even in places you might not expect. It’s also having an effect on major media companies – even at a time when many people have plenty of time for media […]
05/11/2020
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By Cassie B.
Record number of Americans out of work as coronavirus crisis continues to ravage the economy
In case there was any doubt just how seriously the coronavirus pandemic is hurting the economy, new data from the Bureau of Labor Statistics shows that the labor force participation rate in the U.S. sunk to a 47-year low of just 60.2 percent in April. The numbers are even more staggering when you consider that […]
04/09/2020
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By Cassie B.
U.S. headed for “unprecedented housing crisis” as mass evictions loom
The U.S. is on its way to what experts term an unprecedented housing crisis as a huge wave of evictions looms – and measures like temporary bans in some places aren’t going to help much in the long term. Princeton University’s Eviction Lab tracks eviction policies and trends at the state and federal levels, and […]
01/09/2019
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By Cassie B.
Pot prices are collapsing in Oregon as too many marijuana growers produce glut of weed
A serious oversupply has caused prices of marijuana in Oregon to collapse just three years after lawmakers enacted a recreational cannabis law in the state. Now, many of the state’s licensed growers and retailers alike could be facing bankruptcy. Cannabis farmers reportedly harvested over 2.5 million pounds of marijuana in October alone, 1.3 million of […]
07/08/2018
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By Cassie B.
Fund managers warn that the next economic crisis is going to be “ugly” — are you prepared for it?
If you’ve been putting off getting your finances in order because the economic situation has been relatively stable recently, it might be time to re-think your approach as fund managers are warning that the next economic crisis is looming – and it’s going to be “ugly”. The U.S. is now sitting at the peak of […]
05/13/2018
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By Cassie B.
First Venezuela, now Argentina on the verge of financial catastrophe
Argentina could soon follow in Venezuela’s footsteps as the country moves toward financial collapse. The peso is dropping while prices rise dramatically, and Argentina has now made the very serious move of entering talks with the International Monetary Fund to seek financial rescue. It’s an interesting step for the country given its history. When Argentina […]
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