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News & Articles By Arsenio Toledo
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 […]
06/12/2023
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By Arsenio Toledo
San Francisco’s biggest hotels are shutting down due to unpaid debts as fewer tourists visit the crime-riddled, crap-smothered city
Park Hotels and Resorts, the owner of the two largest hotels in San Francisco, has announced that it has stopped making payments on a $725 million loan meant to keep its two hotels in the city running. The two hotels in question – Hilton San Francisco Union Square and JW Marriott San Francisco Union Square – […]
06/09/2023
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By Arsenio Toledo
BRICS members discuss possible expansion and creation of common currency to challenge US dollar’s supremacy
The members of the BRICS bloc of major emerging economies have recently met to decide on adding new members and creating a common currency to challenge the United States dollar. The five nations that make up BRICS – Brazil, Russia, India, China and South Africa – represent more than 40 percent of the global population, […]
06/09/2023
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By Arsenio Toledo
New Energy Market Order: Russia, China, Iran sign over a dozen new trade agreements – mostly concerning energy
China, Iran and Russia signed over a dozen agreements with each other in the first week of June alone, mostly concerning energy, showing how the three nations are creating what has been billed as the “New Energy Market Order.” Moscow signed at least 10 new cooperation agreements with Iran for the benefit of both of their […]
06/01/2023
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By Arsenio Toledo
GREEDFLATION: McDonald’s, PepsiCo raising prices beyond inflation to generate bigger profits
Food giants McDonald’s and PepsiCo continue to greedily raise prices, forcing many consumers looking for price breaks to keep waiting for the day when food prices normalize. These price increases are ongoing. Many companies do not plan to change course and will continue increasing prices or keeping them at elevated levels even as some executives are […]
06/01/2023
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By Arsenio Toledo
SHRINKING BIRD: Twitter now worth just one-third of what Elon Musk paid to purchase it
Twitter is now valued at just about one-third of what owner Elon Musk paid for it last year, according to a financial services company. Billionaire and tech giant Musk took over the social media platform in October 2022 by paying a whopping $44 billion for the company, including $33.5 billion paid in equity. Now, Boston-based financial services […]
05/30/2023
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By Arsenio Toledo
Largest insurance company in California no longer writing new home policies due to high risk of catastrophic events
State Farm, the largest home insurance company in the United States, has announced that it will no longer accept new home insurance policy applications in California, claiming that the risk of wildfires and the cost of rebuilding was too high. Effective May 27, State Farm General Insurance Company no longer accepts new applications, including to […]
05/28/2023
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By Arsenio Toledo
Home sales in China PLUMMET drastically, putting world’s largest real estate market on the brink of COLLAPSE
The real estate market of China, the largest in the world, is on the brink of collapse as enthusiasm from Chinese home buyers plummets drastically. China’s real estate market was already in a state of decline in early 2023, but it experienced a short-lived rebound as the Chinese Communist Party ordered local government units to […]
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