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News & Articles By Ramon Tomey
10/14/2021
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By Ramon Tomey
Indian official warns of rolling power cuts amid coal shortage
An official in the Indian union territory of Delhi has warned of a power crisis in the country’s capital spurred by coal shortages. Delhi Chief Minister Arvind Kejriwal issued the warning on Oct. 9 alongside a letter addressed to Indian Prime Minister Narendra Modi. The coal shortages have forced electric companies in neighboring areas to […]
10/13/2021
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By Ramon Tomey
Kraft Heinz CEO says people must get used to higher food prices
The head of food manufacturer Kraft Heinz says people must get used to higher food prices. According to Kraft Heinz CEO Miguel Patricio, the company is “raising prices, where necessary, around the world.” His comments follow a spike in energy and raw material prices alongside supply chain issues around the globe – prompting companies to […]
10/13/2021
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By Ramon Tomey
Truckers voice frustration with cargo vessel backlog at West Coast ports as supply chain disruptions worsen
The number of cargo ships awaiting to dock at West Coast ports has increased recently. The backlog has caused supply chain issues and contributed to the higher prices of goods. Truckers in charge of delivering these goods have voiced their frustration, blaming authorities at the ports of Long Beach and Los Angeles. According to truck drivers, a […]
10/12/2021
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By Ramon Tomey
Supply shortages aren’t unintentional – they’re actually planned
Supply chains around the world have been facing shortages in recent months due to several factors. However, book author and blogger Charles Hugh Smith argues that the shortages are actually intended to increase the profits of global companies. He adds that the shortages are designed to prevent potential competitors from entering the market and undermining revenue streams. Smith […]
10/12/2021
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By Ramon Tomey
Trade group warns government against meddling in the meat industry
A meat trade group has warned the federal government against meddling in the meat industry. They argue that government action by means of laws and mandates will cost meat producers millions of dollars. The trade group’s warning comes amid plans by lawmakers to draft new legislation supposedly benefiting cattle producers in the United States. North American […]
10/12/2021
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By Ramon Tomey
Experts explain the link between labor shortages and current supply chain issues
The ongoing congestion at ports in the U.S. West Coast has contributed to delivery delays and product shortages ahead of the holiday season. Labor shortages also contribute to the problem, with not enough port workers available to help unload goods from containers. As such, two shipping experts have sat down to talk more about the […]
10/12/2021
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By Ramon Tomey
Price of ship fuel now highest it’s ever been since 2014
The surging cost of marine fuel is making shipping more expensive and adds to the woes of an industry already battered by supply chain issues. Shipping industry intelligence service Alphatanker warns that the price of marine bunker fuel is about to soar. It adds that the price spike impact 3.5 percent high-sulfur fuel oil (HSFO) and 0.5 […]
10/08/2021
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By Ramon Tomey
Expert: US could approach “high-inflation era” soon
An economic expert has warned that the U.S. may be nearing an era with high inflation rates. Capital Economics Chief Market Economist John Higgins claims that inflation will remain “significantly higher on average” over the next decade. His forecast comes amid different economic issues plaguing various parts of the world that threaten to increase prices. […]
09/24/2021
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By Ramon Tomey
Bitcoin price drops following China’s Evergrande fiasco
The price of bitcoin has fallen following the fiasco involving property developer Evergrande Group. According to CoinDesk, bitcoin’s price has fallen to $43,489 as of Sept. 20. The drop reflects an 8.6 percent fall from its Sept. 17 price. Other digital currencies have also seen price drops – with Ether experiencing a 10 percent fall and […]
09/09/2021
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By Ramon Tomey
Cryptocurrency will eventually go to ZERO, investor John Paulson warns, saying it’s scarcity “of nothing”
Legendary investor John Paulson warned that cryptocurrencies such as Bitcoin will eventually go to zero. He said this warning during an Aug. 31 appearance in Bloomberg Wealth with David Rubenstein. Paulson gained prominence after he bet against the U.S. housing market – netting him $20 billion at the cost of kick-starting the worst financial crisis […]
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