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News & Articles By Mary Villareal
10/07/2022
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By Mary Villareal
Americans now forced to dip into their SAVINGS to get by amid worsening inflation
The worsening inflation has forced Americans to dip into their savings to get by, a sign of a bad economy getting worse. Based on a recent survey, two-thirds of Americans now say they are using their saving for daily expenses. The poll came as prices of goods and services recorded the biggest annual increase since […]
09/30/2022
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By Mary Villareal
Hemp boom is over: Oversupply of hemp causes huge losses for farmers
Farmers in Oregon and elsewhere in the United States have given up hemp due to the lack of profit and underwhelming performance despite the initial positive outlook. Hemp has been used for industrial purposes since becoming legal for production in 2018. The market has grown alongside the cannabinoid industry, with farmers being highly optimistic about […]
09/23/2022
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By Mary Villareal
Companies now looking at INVENTORY SURPLUS in certain products as demand dwindles
From trying to catch up to demand, product manufacturers now find themselves unable to get rid of their inventory. This has led many of them to cut jobs in order to compensate for lack of sales. One such company is Scotts Miracle-Gro (SMG), led by its CEO Jim Hagedorn. Sales just stopped after two years of […]
09/22/2022
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By Mary Villareal
Inflation forcing Americans to rely on credit cards for daily expenses
Around 60 percent of Americans are now carrying monthly credit card debt for at least 12 months, according to a survey from CreditCards.com commissioned by survey platform YouGov. Moreover, 40 percent of those who carry balances say they have been doing so for at least two years, 28 percent for at least three years and 19 […]
09/22/2022
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By Mary Villareal
Bakery owners in Germany protest sky-high energy bills amid worsening energy crisis in Europe
A German bakery saw its gas bill rise to €330,000 ($323,900) after a new energy company terminated its contract with the business that guaranteed fixed pricing until the end of 2023. Eckehard Vatter, the owner of the Vatter bakery chain, lamented that he was given only 14 days to pay the bill. Until a year ago, […]
09/22/2022
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By Mary Villareal
Couples are now fighting while shopping as grocery prices soar to new highs
Leibel Sternbach, a financial adviser, shared how his wife now has to double check their fridge after every shopping trip to tell him which things he didn’t need to buy. After all, their weekly grocery costs are now up to $350 per week. Last year, it was only around $220. He and his wife have […]
09/22/2022
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By Mary Villareal
Amazon suspends construction of new warehouses in Spain as consumer demand continues to plummet
Amazon has suspended the construction of its new warehouses in Spain until 2024. The e-commerce giant told its providers and partners that it is going to wait and see as the pandemic-driven online shopping has slowed down. However, Amazon is adamant that its commitment to Spain remains. It promised to continue on the path to fulfill its […]
09/07/2022
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By Mary Villareal
The Right Side with Doug Billings: Invest in gold and silver during inflation, says Bob Reid – Brighteon.TV
Financial security expert Bob Reid joined Doug Billings on “The Right Side” to discuss investing in gold and silver, amid soaring inflation caused by the Biden administration’s bad fiscal policies. Reid pointed out on the Brighteon.TV program’s Aug. 30 edition that most people will be deterred by the thought of investing in these precious metals. […]
08/31/2022
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By Mary Villareal
Carol Roth: Biden’s Inflation Reduction Act forces Americans to pay more for everything in a “horror movie economy”
Former investment banker Carol Roth denounced President Joe Biden’s Inflation Reduction Act (IRA), claiming that it makes Americans – especially low- and middle-income earners – pay more. During an interview with conservative political commentator Glenn Beck, Roth described the current situation in the U.S. as a “horror movie economy.” In the current moment, everyone feels […]
08/31/2022
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By Mary Villareal
UNAFFORDABLE HOUSING: US home rental rates set new record for 17th straight month
Rental housing rates have set another record high for the 17th straight month, with the median monthly rent in the 50 largest metropolitan areas jumping to $1,879 in July. This is up 12.3 percent from 2021 based on data from Realtor.com and across listings for studios, one-bedroom and two-bedroom dwellings. Meaning, larger apartments and houses are excluded […]
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