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News & Articles By Arsenio Toledo
05/02/2021
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By Arsenio Toledo
Ford expects car production to SHRINK IN HALF during the second quarter due to semiconductor chip shortage
The chief executive of the Ford Motor Company, one of America’s largest automakers, says he believes the company will lose half of its second-quarter production due to the ongoing semiconductor chip shortage. During the company’s first-quarter earnings call on Wednesday, April 28, Ford CEO Jim Farley proudly announced that the company was able to beat Wall Street’s expectations regarding […]
05/02/2021
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By Arsenio Toledo
“Clean energy” PACE loans putting borrowers at risk of losing their homes due to high fees and interest rates
During the height of the Great Recession in 2009, then-Vice President Joe Biden touted an alternative financing program known as Property Assessed Clean Energy (PACE). The problem with this program was that it has made thousands of homeowners across the country pay so much more than what they initially agreed to. PACE can provide homeowners […]
05/01/2021
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By Arsenio Toledo
Crude oil production in Alaska at its lowest level in more than 40 years
Crude oil production in Alaska has fallen to its lowest level of production in 44 years. According to the Energy Information Administration (EIA), a statistical office that collects, analyzes and disseminates data for the government regarding the country’s energy sector, crude oil production in Alaska averaged around 448,000 barrels per day in 2020. This is the lowest […]
04/24/2021
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By Arsenio Toledo
Jaguar Land Rover temporarily shuts down two factories in the UK due to semiconductor chip shortage
British automobile company Jaguar Land Rover announced the suspension of production at two of its manufacturing plants due to the global semiconductor shortage. The two factories that will be affected are the Castle Bromwich Assembly in Birmingham, west-central England, and the Halewood Body & Assembly facility just outside of Liverpool in northwestern England. The “limited period” […]
07/18/2020
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By Arsenio Toledo
Georgia Gov. Kemp says mask mandate will cause unemployment to skyrocket
Georgia Gov. Brian Kemp stated Friday that a mask mandate could cause unemployment in the state to rise. Kemp, however, still admitted that wearing face masks had benefits when it came to fighting the Wuhan coronavirus (COVID-19). “This is not about masks,” Kemp told reporters at the Georgia State Capitol building in downtown Atlanta. “We all agree it’s good […]
07/01/2020
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By Arsenio Toledo
Italy’s coronavirus lockdown leaves citizens in poverty and unable to rebound because of economic restrictions
Italy lifted its two-month-long lockdown on May 18. But, its impact will be felt for far longer, as the measure also caused the country’s worst economic downturn in 75 years. On March 8, the Italian government placed the northern parts of the country under cordon sanitaire; this was then extended nationally the next day. While the country has emerged from it […]
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