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News & Articles By Mary Villareal
11/09/2022
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By Mary Villareal
French glassmaker Duralex halts production amid energy crisis in Europe
Duralex CEO Jose Luis Llacuna recently announced that their company – the largest glass manufacturer in France – has suspended its operations for five months due to the rising electricity prices. “Our gas and electricity bills have risen from €3 to €13 million ($3 to $13 million) a year. The price of energy usually represents five to […]
11/09/2022
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By Mary Villareal
Over £1.3 trillion wiped off the value of UK bonds since beginning of 2022
Following major sell-offs across bond markets, new figures revealed that the U.K. bond market has shed more than £1.3 trillion ($1.4 trillion) since the beginning of 2022. Just over £882 billion ($1.02 trillion) has been wiped off the value of Gilts and Index-linked Gilts in the year-to-date. The value of the U.K. corporate bonds has also fallen by £514.5 […]
11/08/2022
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By Mary Villareal
Poland’s inflation reaches all-time high in October, but economists warn the worst is yet to come
Poland recorded its highest all-time inflation rate in October 2022, but economists warn that the worst is yet to come for the Central European country. Figures from Statistics Poland (GUS) showed the country reporting a 17.9 percent annual inflation rate for October. Energy prices saw the biggest jump at 41.7 percent, followed by prices of food […]
11/04/2022
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By Mary Villareal
America is witnessing the DEMISE of the middle class
Middle class in the United States used to mean that one can afford a decent living standard, such as owning a house and a car, with some savings in the bank. When baby boomers reminisce about the “good old days,” they usually refer to a time when being middle class was normal. However, the American […]
11/02/2022
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By Mary Villareal
South Florida’s mortgage payments have risen 96.5% over the past year
People looking to relocate to South Florida are in for sticker shock as it is now one of the most unaffordable places to buy a home in the United States. The average mortgage payment for a home in the area has now nearly doubled over the past year at $2,452 – a whopping 96.5 percent […]
11/01/2022
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By Mary Villareal
Monthly expenses of Americans have now outpaced their personal income growth, says NRI exec
The monthly expenses of Americans have now outpaced their personal income growth. This was according to Kristi Rodriguez, senior vice president of the Nationwide Retirement Institute (NRI), which provides expertise and resources on retirement planning concepts that include Social Security optimization, healthcare and long-term care considerations and tax-efficient retirement income. “Households are spending more, not as much […]
11/01/2022
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By Mary Villareal
High inflation and cost of living taking a toll on health of many Americans, according to survey
Half of Americans are now saying that runaway inflation and high cost of living are taking a toll on their health. Millions are turning to drinking, eating junk food and smoking as worries over electricity and gas bills continue to mount. Consumer insights firm Toluna found that 50 percent of those surveyed felt their health suffered […]
10/22/2022
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By Mary Villareal
Bloomberg model projection says recession is 100% certain in next 12 months
President Joe Biden is trying his best to convince Americans that recession is avoidable – especially with the midterm elections so close. But according to a model projection from Bloomberg Economics, the U.S. economy is effectively certain to enter a recession in the next 12 months. The probability models maintained by Bloomberg economists Anna Wong and Eliza […]
10/18/2022
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By Mary Villareal
JPMorgan CEO Jamie Dimon: US could experience RECESSION within 6 to 9 months
Jamie Dimon, CEO of financial services giant JPMorgan Chase, recently warned that the U.S. will experience an economic recession within six to nine months. He added that the country will have a credit crisis, with exchange-traded funds and stocks going down. The JPMorgan bigwig corroborated his warning during an interview with CNBC. He said the […]
10/14/2022
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By Mary Villareal
Economists warn: IMF, World Bank may have little space to maneuver as they lend record amounts to poorest countries
The International Monetary Fund (IMF) and the World Bank have lent a record amount of money to the world’s poorest countries to help them cope with the pandemic, food inflation and the repercussions of the war in Ukraine. Now, economists are sounding the alarm over concerns that the world’s biggest lenders are stretching themselves too […]
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