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News & Articles By Arsenio Toledo
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 […]
07/06/2023
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By Arsenio Toledo
Target to spend $5 billion on its stores to prevent them from shutting down
Big box retailer Target is spending $5 billion on its stores nationwide as part of a wider strategy to keep them profitable and prevent them from shutting down. The investment is a response to new and old issues faced by the company as well as other big box retailers, including the rise in online shopping, […]
07/06/2023
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By Arsenio Toledo
New York, California see tax revenues fall by double digits while Florida and Texas see massive gains
The reported tax revenues of New York and California are reeling as more and more people flee their respective states for more low-tax locales like Florida and Texas, both of which are consequently seeing surges in tax revenues. This is according to data compiled by the Urban-Brookings Tax Policy Center, a Washingt0n, D.C.-based think tank which […]
06/29/2023
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By Arsenio Toledo
EV COLLAPSE: Electric vehicle manufacturer Lordstown Motors files for bankruptcy
Electric vehicle manufacturer Lordstown Motors filed for bankruptcy protections on Tuesday, June 27, after announcing that it would put itself up for sale. It filed for Chapter 11 bankruptcy protections in a bankruptcy court in Delaware. Lordstown stated that it will be looking for potential buyers to take over its assets, including the manufacturing of the […]
06/28/2023
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By Arsenio Toledo
Survey: The average American has over $54,000 worth of debt and would do almost anything to get rid of it
A new survey has found that the average American has over $54,000 worth of debt – debt that many would do anything to get rid of. This is according to the survey conducted by market research company OnePoll on behalf of debt resolution firm Beyond Finance. The survey found that the average poll taker had […]
06/28/2023
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By Arsenio Toledo
Ford to lay off 1,000 employees as focus on EVs costs the company BILLIONS
American automobile giant Ford Motor Company is planning to lay off at least 1,000 salaried and contract workers in the United States and Canada as it attempts to offset the costs of transitioning toward more electric vehicle manufacturing. A spokesman for the company confirmed on Tuesday, June 27, that Ford began notifying some of its salaried workers […]
06/21/2023
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By Arsenio Toledo
New York City is now the world’s fifth most expensive city for luxury living
New York City is now the fifth most expensive city in the world for luxury living, beating out other notably high-cost locations such as Monaco and Dubai. This is according to a new report by the Julius Baer Group, a Swiss private banking group that releases the Julius Baer Lifestyle Index, which ranks the world’s […]
06/13/2023
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By Arsenio Toledo
US home foreclosures SURGE as inflation continues to soar and incomes decline
Home foreclosures in the U.S. are surging as the cost of living rises and incomes adjusted for inflation remain below pre-2020 levels. This is according to newly released information from the real estate data group ATTOM, known as the May 2023 U.S. Foreclosure Market Report. According to this report, there were a total of 35,196 […]
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