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News & Articles By Ramon Tomey
07/29/2022
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By Ramon Tomey
Germans warned of toilet paper SHORTAGE as energy crisis forces paper mills to shut down
Germany may face a shortage of toilet paper and other paper products as energy shortages in the country forced paper mills to stop operating. German news outlet Zeit Online reported on July 27 that toilet paper, cardboard and other products may be unavailable in stores if the supply of Russian natural gas dwindles in the […]
07/28/2022
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By Ramon Tomey
Germany on the cusp of RECESSION following Nord Stream gas flow reductions
Germany is now teetering close to a recession, as reflected by a survey measuring business confidence in the country. The Ifo Institute for Economic Research’s Business Climate Index (BCI), which measures business sentiment in Germany, fell to 88.6 in July from 92.2 the previous month. The Munich-based think tank’s index, which polls 9,000 managers across […]
07/25/2022
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By Ramon Tomey
Analysis: Dollar stores are WINNING as Americans lose to inflation
As higher prices of everyday goods eat away at Americans’ earnings, a report found that dollar stores are seeing more and more patrons looking to stretch their budgets further. According to the latest data from foot traffic analytics company Placer.ai, visits to dollar stores went up by 13.2 percent between the first (Q1) and second […]
07/24/2022
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By Ramon Tomey
Beijing deploys TANKS to quell angry depositors wanting to withdraw their savings
The Chinese government has deployed tanks on the streets to quell angry citizens wanting to withdraw their savings. In a scene resembling the infamous Tiananmen Square protests and subsequent massacre in 1989, Beijing sent tanks from the Chinese People’s Liberation Army (PLA) to patrol the streets of Henan province as protesters clashed with law enforcement. Depositors, […]
07/12/2022
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By Ramon Tomey
Social media giant Twitter announces layoffs amid snags in Elon Musk deal
Big Tech firm Twitter announced that it will let go of several employees as it deals with issues about Tesla CEO Elon Musk’s purchase of the platform. The San-Francisco based company laid off 30 percent of its recruitment staff on the afternoon of July 7, said a TechCrunch report. A spokesperson confirmed the staff cuts, but declined to […]
06/15/2022
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By Ramon Tomey
Bitcoin price crash also triggering downturn of crypto billionaires’ net worth
A plunge in Bitcoin prices negatively impacted the fortunes of several cryptocurrency billionaires. These bigwigs made millions in the crypto market, until downturns in token prices caused their earnings to disappear. Several billionaires in the crypto sector saw their earnings evaporate eight months after the crypto euphoria they capitalized on. Prior to the losses, they […]
06/06/2022
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By Ramon Tomey
Logistics and transportation sectors bounce back as hiring for trucking, warehousing jobs continues to rise
The logistics and transportation sectors appear to be bouncing back, as evidenced by the increased employment for trucking and warehousing jobs. According to the latest edition of the Employment Situation Summary (ESS) release from the Department of Labor‘s Bureau of Labor Statistics (BLS), there had been “notable job gains” in transportation and warehousing. About 13,000 […]
05/24/2022
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By Ramon Tomey
BAD POLICY: Indonesia LIFTS BAN on palm oil exports as domestic cooking oil prices plunge
Indonesia recently lifted its ban on palm oil exports as it caused a nosedive in domestic cooking oil prices. Indonesian President Joko Widodo announced the ban’s lifting in a May 19 video statement. First announced on April 28, the ban saw Jakarta halting shipments of crude palm oil and several products derived from it. The decision by […]
05/13/2022
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By Ramon Tomey
Oil-producing giants warn of dwindling energy supply worldwide as fuel prices hit record highs
Two oil-producing giants – Saudi Arabia and the United Arab Emirates (UAE) – warned that the global energy supply is dwindling amid high fuel prices and increased demand. Officials from the two Middle Eastern nations issued their warnings during a May 10 conference of the Organization of the Petroleum Exporting Countries (OPEC) held at the UAE’s […]
04/20/2022
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By Ramon Tomey
China’s draconian COVID restrictions are CRIPPLING supply chains worldwide
China’s draconian restrictions to curb the Wuhan coronavirus (COVID-19) have crippled supply chains worldwide. The stringent COVID-19 measures implemented in the eastern city of Shanghai – one of the country’s busiest ports – have also hampered global trade. Citing data from open vessel database Fleetmon and investment firm Liberum, the Telegraph reported that the number of ships […]
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