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News & Articles By Virgilio Marin
10/31/2021
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By Virgilio Marin
The Fed’s pandemic policies are harming long-term health of US dollar, experts say
Investing magnate Stanley Druckenmiller says that the Federal Reserve‘s recent policies are threatening the long-term health of the dollar. He notes that the Fed is risking the dollar’s future by insisting on holding interest rates down and buying trillions in bonds even though markets are thriving and the economy is booming. “I can’t find any period in […]
07/01/2021
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By Virgilio Marin
China’s crypto ban forces Bitcoin miners to sell out or flee overseas
Chinese miners are selling out or seeking new markets overseas after local governments in mining hubs in China imposed sweeping bans on cryptocurrency mining. “Many miners are exiting the business to comply with government policies,” said Mike Huang, operator of a crypto mining farm in the southwest province of Sichuan, which is China’s second leading Bitcoin mining […]
06/06/2021
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By Virgilio Marin
US Mint postpones silver coin pre-orders amid global silver shortage
The United States Mint delayed pre-sales of its non-circulating silver coins amid a global silver shortage. In a statement on May 27, the bureau said that its supply of silver blanks is not able to keep up with the demand for its coins. “The Mint is being impacted by silver blank shortages among its suppliers. The demand for many of our […]
06/06/2021
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By Virgilio Marin
UK water retailers on the brink of collapse due to unpaid water bills
The U.K.’s water market is at risk of collapse due to unpaid water bills piling up amid the Wuhan coronavirus (COVID-19) pandemic. This is according to a report commissioned by the U.K. Water Retailer Council (UKWRC), an industry body that represents 18 retailers. The UKWRC tapped consultancy firm Economic Insight to study the effectiveness of Great Britain’s […]
05/19/2021
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By Virgilio Marin
Chip shortage cripples car production amid high demand
The global computer chip shortage has stalled vehicle production in dozens of factories across the U.S., driving up car prices amid high demand and causing temporary layoffs. Research firm Autoforecast Solutions estimated that automakers cut the production of more than 1.2 million vehicles in North America because they couldn’t get enough microchips used for essential car components, such as safety […]
05/07/2021
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By Virgilio Marin
Turkey enters first nationwide covid lockdown while grappling with an ailing economy
Turkey entered its first nationwide lockdown on Thursday, April 29, right in the midst of an economic crisis. Turkish President Recep Tayyip Erdogan said that he ordered the nearly three-week lockdown to keep Wuhan coronavirus (COVID-19) cases below 5,000 ahead of the upcoming tourist season. Under the new restrictions, residents are not allowed to leave their homes except when shopping for groceries […]
04/11/2021
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By Virgilio Marin
Gasoline prices in California approaching $4 per gallon
Gasoline prices in California came close to $4 per gallon on April 8. The average price at the pump climbed by 18 cents in the last month to $3.93 per gallon, according to the American Automobile Association (AAA). AAA spokesperson Jeff Spring said that the average price last topped $4 in November 2019. In the San […]
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