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News & Articles By Belle Carter
06/13/2023
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By Belle Carter
HEAD IN THE SAND: Biden’s Labor Statistics claims job growth is strong despite economic indicators pointing to coming financial meltdown
The Bureau of Labor Statistics (BLS) released new jobs data last week claiming that seasonally adjusted total nonfarm jobs growth beat forecasts, growing by 339,000 new jobs in May. However, the data raised the eyebrows of critics as the unemployment rate rose from 3.4 percent to 3.7 percent month-over-month. Mainstream media outlets report this headline employment data […]
05/18/2023
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By Belle Carter
Misery Miles: Homeless denizens of Binford Road work multiple low-paying jobs to afford HIGH RENTS
The two-mile Binford Road in the city of Novato in California dubbed “Misery Miles” is home to many residents working up to two low-income jobs just to return to safe housing. According to the Daily Mail, some 135 motor homes, cars and shacks can be found along the stretch that can be reached via a […]
05/17/2023
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By Belle Carter
Fed survey shows BANKING CRISIS raises concerns over stability of US financial system
The latest Federal Reserve survey on major risks to the economy has found that the stress brought about by the recent troubles in the banking sector came up as a major concern among market analysts, business leaders, academics and researchers with regard to the stability of the U.S. financial system. “Despite decisive actions by the […]
05/11/2023
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By Belle Carter
Josh Sigurdson: Closures of fast food chains signal looming global STARVATION
Several fast food chains are declaring bankruptcy and closing both dining locations and corporate offices across the country due to “under-performance” brought about by economic uncertainties. For World Alternative Media‘s (WAM) Josh Sigurdson, this is a sign of worse things to come. He remarked that while health and environment advocates could see this as a […]
05/10/2023
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By Belle Carter
Global TECH LAYOFFS in 2023 already surpass last year’s total; more job cuts still to come
The number of mass layoffs in the technology sector that began in the last quarter of 2022 have extended into 2023. Globally, the number of job cuts in the tech sector has already surpassed last year’s total. Data from the online tracker Layoffs.fyi noted that the total number of layoffs in the tech sector to date […]
05/05/2023
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By Belle Carter
Turkey and Argentina turn to crypto amid record-breaking inflation and crumbling currencies
Turkey and Argentina are seeking safe haven by turning to volatile cryptocurrencies amid the crashing fiat and soaring commodity prices. According to audience research company GWI, ownership of digital currencies in Turkey was the highest in the world at 27.1 percent, followed by Argentina at 23.5 percent, which is well above the global crypto ownership […]
05/05/2023
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By Belle Carter
Russia to resume foreign exchange purchases to boost currency reserves
Russia is expected to resume buying foreign currency for its reserves as early as this month or later this year. The country halted foreign exchange purchases in late January 2022 and further suspended the program following the outbreak of the conflict in Ukraine. According to Bloomberg Economics, the move aims to bolster Russia’s reserves as growing energy revenues “stabilize” […]
04/28/2023
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By Belle Carter
Ex-Disney employee admits “guilty pleasure” of upskirt filming female customers
A former Walt Disney World employee is now facing one count of video voyeurism as he was seen by a witness secretly taking a video up the skirt of an 18-year-old female customer. The incident was later reported to the security officers of the theme park. Voyeurism is a third-degree felony punishable by up to five […]
04/28/2023
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By Belle Carter
Dollar DEMISE: Yuan overtakes dollar in China’s cross-border payments
Data from China’s State Administration of Foreign Exchange (SAFE) revealed that the Chinese yuan (CNY) surpassed the United States dollar (USD) as the most-used currency in China’s cross-border transactions last month. Cross-border payments and receipts in yuan surged from the equivalent of $434.5 billion in February to a record $549.9 billion in March, according to […]
04/27/2023
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By Belle Carter
FedEx shuts down pilot bases in Alaska, California and Germany to cut billions in structural costs
Global supply chain market intelligence provider FreightWaves recently reported that FedEx will be closing pilot bases in Alaska, California and Germany, a big piece of the parcel carrier’s strategy to streamline operations and improve efficiency and profitability. The said decision is also a part of the company’s aggressive campaign – dubbed “DRIVE” – to eliminate […]
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