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News & Articles By Richard Brown
09/29/2023
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By Richard Brown
De-dollarization efforts continue: BRICS member nations reduce U.S. treasury holdings to boost local currency value
The United States dollar has reigned supreme as the world’s dominant currency for nearly eight decades. However, a coalition of emerging economies, weary of the Western world’s pervasive influence on global governance and finance, is determined to diminish its prominence. Several members of the BRICS economic alliance, including China, Brazil and India, have been divesting […]
09/27/2023
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By Richard Brown
Tyson Foods shuts down 4 facilities amid losses – another blow to the food supply
Tyson Foods Inc. is taking decisive measures to address the challenges posed by escalating costs and streamline its operations, including the closure of multiple chicken processing plants. Last month, the company announced the shutdown of four facilities – those in North Little Rock, Arkansas; Corydon, Indiana; Dexter, Missouri; and Noel, Missouri. These closures are part of […]
09/26/2023
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By Richard Brown
As Americans find Biden too old, Blackstone CEO sees surprise in 2024 elections
Nearly eight out of 10 Americans think President Biden is too old to serve another term, including 69 percent of Democrats. This is why Steve Schwarzman, a 76-year-old prominent Republican donor, believes that the 2024 elections might introduce a surprise element. “Apparently, the public is not that interested in really older people,” Schwarzman said in […]
09/14/2023
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By Richard Brown
Another one bites the dust: Major car dealership files for bankruptcy, fires all employees
Carlos Lopez traveled from Tampa to Orlando to purchase a car only to be told that Florida-based dealership chain Off Lease Only has closed down and filed for bankruptcy. “The salesman that I was meeting with called me and told me, ‘Hey, I have bad news. The company just went out of business. We’re all […]
09/12/2023
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By Richard Brown
Portland business owner who supported Antifa and BLM riots shuts down taproom due to significant financial losses
“Please smash all my windows if it will be a step toward change.” This controversial statement came from Nat West, a business owner in Portland, Oregon, who openly supported the city’s Antifa and Black Lives Matter (BLM) riots in 2020. Now, the proprietor of Reverend Nat’s Hard Cider announced the permanent closure of his taproom […]
09/12/2023
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By Richard Brown
Oil industry warns of imminent refining crisis, thanks to Biden’s “green” policies that equate to energy SABOTAGE against America
President Joe Biden’s unconventional and assertive stance toward the U.S. oil exploration and production (E&P) sector has drawn criticisms. This has even led some to suggest the Federal Reserve intentionally sells oil to keep prices low and ensure his reelection. With the U.S. Strategic Petroleum Reserve significantly depleted, speculation has grown that the Fed may […]
08/24/2023
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By Richard Brown
Biden’s tariffs to drive up prices of canned goods, solar panels as “Bidenflation” intensifies
Tariffs are often touted as economic tools to protect domestic industries and address trade imbalances. But the recent plans of President Joe Biden’s administration to impose these on can-making metals imported from China, Germany and Canada will have potential ramifications for both international trade and everyday consumers. While the decision intends to address concerns about trade […]
08/21/2023
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By Richard Brown
Disney announces price hikes for Disney+ and Hulu ad-free plans to compensate for several box-office flops
Disney+ and Hulu will hike prices on their ad-free plans – part of Disney’s strategy to boost the profitability of its streaming business. Disney owns 67 percent of Hulu. Starting October 12, Disney+ Premium will see a price hike from $11 to $14 per month, while Hulu without ads will jump from $15 to $17.99 per month. These […]
08/21/2023
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By Richard Brown
Evergrande Group files for bankruptcy in the U.S. after two years of distress… debt defaults will now spread across America
Evergrande Group, once hailed as one of China’s most prominent real estate giants, has experienced a dramatic fall that has sent shockwaves through both the Chinese economy and global financial markets. On August 17, Evergrande filed for bankruptcy protection in the United States after two years of distress. Much of Evergrande’s corporate debt was held […]
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