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News & Articles By Belle Carter
11/28/2023
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By Belle Carter
END of an ERA: Russian foreign minister declares Western economic dominance is over
Russian Foreign Minister Sergey Lavrov said that the Western dominance era does not exist anymore as multipolarity is on the rise. In an exclusive interview with RT, a Russian 24/7 English-language media outlet, Lavrov said that Western countries, led by the United States, should be done calling the shots for the world as it has […]
11/22/2023
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By Belle Carter
Study: About 2M low-income British households resort to unplugging refrigerators due to soaring electricity bills
According to a study conducted by the Joseph Rowntree Foundation (JRF), about two million poor households in the United Kingdom are resorting to desperate measures such as turning off refrigerators or freezers, just to be able to cope with ever-soaring bills. The independent social change organization “working to solve U.K. poverty” said that in October, a quarter, […]
11/22/2023
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By Belle Carter
War in Gaza not only claiming lives but also devastating Israel’s economy
The catastrophic consequences of the Israel-Hamas war are unfolding as the world watches. According to reports, at least 11,470 people have been killed in Israeli strikes on Gaza since October 7, but the death toll has not been updated for days due to the collapse of the enclave’s health system that collected this data. In Israel, […]
11/14/2023
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By Belle Carter
Unstable U.S. Treasury market experiences its worst day in the last six months
The U.S. Treasury market has been awfully shaky for quite a while but it had its worst day in six months on Thursday, November 9, as measured by the performance of the Bloomberg Treasury Index. A disastrous auction of 30-year Treasury bonds sent long-maturity yields soaring as investors demanded additional compensation for funding a ballooning […]
11/13/2023
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By Belle Carter
Annualized federal debt interest cost surpasses $1T, Bloomberg analysis reveals
Research analysts from the media outlet Bloomberg recently revealed that the combination of high levels of debt and higher interest rates has sent the annualized interest cost of government debt over $1 trillion. According to the analysis released on November 7, the figures are twice the interest costs over the past 19 months and are […]
11/12/2023
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By Belle Carter
Doug Casey: Entitlements, excessive defense spending and high federal debt interest push U.S. to brink of bankruptcy
There are a lot of indicators that the Americans’ fear of the imminent bankruptcy of the United States is coming sooner than later. The U.S. government’s budget is the biggest in the history of the world and is growing at an uncontrollable rate. In the latest Bloomberg Intelligence research, strategists wrote that there will be […]
11/09/2023
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By Belle Carter
Automaker bigwigs admit EV sales are in jeopardy
Earlier in October, several car manufacturer executives acknowledged that their ambitious electric vehicle (EV) plans are in jeopardy, at least in the near term, Business Insider reported. Dealers have been warning of slowing EV demand, growing inventory and dropping sales for months. Several of the auto bigwigs at some of the biggest carmakers expressed discomfort […]
10/27/2023
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By Belle Carter
COLLAPSE? Bond bloodbath commences as Fed’s desperate fight against inflation fails
For Wolf Richter, publisher of finance and econ site Wolf Street, the long-term treasury market is finally waking up from its delusion that the Fed is going to gradually cool inflation to its target of two percent. It is also finally admitting it cannot normalize interest rates after having spent 18 months believing in the […]
10/27/2023
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By Belle Carter
Iraqi PM warns: Fighting between Israel and Hamas could disrupt Middle East oil supplies worldwide
Iraqi Prime Minister Mohammed Shia al-Sudani has warned that fighting between Israel and Hamas, which is on the brink of dragging other countries in the region, could disrupt Middle East oil supplies to international markets. The crisis would “impact global security, escalate regional conflict, jeopardize energy supplies, exacerbate economic crises and invite further conflicts,” al-Sudani said at […]
10/09/2023
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By Belle Carter
CULTURE of THEFT: D.C. neighborhood CVS retailer gets routinely ransacked by a mob of kids
Before and after going to school and even during late nights, a big group of kids – roughly 45 of them – regularly come to Consumer Value Stores (CVS) in Columbia Heights in Washington D.C. to ransack food and beverages, even throw the food and beverages on the ground and stomp on them, leaving behind […]
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