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News & Articles By Mary Villareal
08/03/2022
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By Mary Villareal
Inflation pushing many Americans to pay at least $1K monthly on vehicle loans
The ongoing inflation, coupled with rising interest rates and supply chain issues, has pushed Americans to pay at least $1,000 a month for their vehicles. According to car shopping website Edmunds, at least 12.7 percent of Americans who bought new cars are shelling that amount to finance their purchases. The figures were closer to seven […]
07/28/2022
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By Mary Villareal
American consumers turn to cheaper store brands as commodity prices continue to soar
American consumers are turning to cheaper store brands in supermarkets to stretch their budget as grocery prices continue to soar, adding more pressure to the big food brands. This major change in spending habits started in March, with the sudden spike in gas prices and the highest level of inflation in 40 years. According to […]
07/27/2022
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By Mary Villareal
Owen Shroyer: Biden administration changing the definition of recession to deny that it is happening
The Biden administration is denying that a recession is underway in the United States. Instead, it is redefining the meaning of recession in a way that is very insulting to Americans. InfoWars host Owen Shroyer touched on how the Biden administration redefined “recession” ahead of a “potentially negative” Gross Domestic Product (GDP) report during a […]
07/26/2022
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By Mary Villareal
Chinese social media censors posts about protests sparked by country’s mortgage crisis
China is currently facing a mortgage crisis, sparking protests from homebuyers who are threatening to boycott payments. However, social media companies have stepped up on censorship, blocking messages, keywords, and videos of demonstrations. Frustrated buyers gathered in Wuhan earlier this month, outside the office of a bank regulator, saying that they wouldn’t make payments for […]
07/25/2022
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By Mary Villareal
BlackRock records whopping $1.7 TRILLION loss in first half of 2022
BlackRock, the world’s largest investment management firm, recorded a $1.7 trillion loss in the first half of 2022 – the biggest sum ever lost by a single company in a six-month span, according to Bloomberg analyst Marc Rubenstein. According to the company’s second-quarter earnings report, BlackRock CEO Larry Fink attributed the decline to the collapse of the […]
07/22/2022
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By Mary Villareal
Higher interest rates, inflation weigh down housing market
Americans are facing higher interest rates and inflation, which are making the pain in the mortgage market even worse. Mortgage demand fell more than six percent last week from the previous week, hitting the lowest level since 2000, as per the Mortgage Bankers Association, which records a seasonally-adjusted index. Applications for a mortgage to purchase a […]
07/22/2022
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By Mary Villareal
Government price controls come at a cost
As prices skyrocket, some liberals argue that the United States government should implement more price controls – such as President Joe Biden’s “Build Back Better” plan that would impose various price controls on prescription drugs. For the less familiar, price controls seem like a good idea. However, as Don Boudreaux explained in an essay published […]
07/20/2022
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By Mary Villareal
Port of Los Angeles director: US supply chain at risk if rail service does not improve
Gene Seroka, executive director of the Port of Los Angeles (POLA), warned that the country’s supply chain could be at risk if rail service does not improve. He issued his warning amid POLA reporting record figures for June 2022. “All eyes are focused on improving the rail product, full stop. The bottom line is that we […]
07/19/2022
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By Mary Villareal
Wholesale inflation surges 11.3% year-over-year in June
Inflation hit hard at wholesale levels in June as producer prices surged by near-record amount from last year due to energy costs increase. According to the Bureau of Labor Statistics (BLS), the producer price index (PPI), which measures the prices received for final demand products, increased 11.3 percent – just short of the 11.6 percent record […]
07/15/2022
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By Mary Villareal
Consumer prices continue to soar as US battles worst inflation in 41 years
Consumer prices continue to soar as the U.S. battles with its worst inflation in 41 years. Meanwhile, wages have fallen for the 15th straight month. If this continues, Americans will see an economic collapse on the way. The Consumer Price Index (CPI) soared 9.1 percent year-over-year compared to the 8.8 percent and 8.6 percent in previous months. […]
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