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News & Articles By Arsenio Toledo
07/25/2023
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By Arsenio Toledo
Mexican drug cartels are behind surge in organized retail crime across the US
Mexican drug cartels are trying to expand their global criminal empires. According to reports, they are behind the recent surge in organized retail crime (ORC) in the United States. ORC is the large-scale theft of merchandise in retail outlets with the intent to resell the items for financial gain. Retail crime has become a very serious […]
07/24/2023
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By Arsenio Toledo
BILLIONS in taxpayer-funded subsidies are going to foreign corporations thanks to Biden’s signature climate law
Most government subsidies being used to help the United States build clean-energy industries are going to foreign corporations. Thanks in part to the passage of President Joe Biden’s so-called landmark legislation, the Inflation Reduction Act (IRA), nearly $110 billion in American clean-energy projects have passed since last year. But an analysis by the Wall Street Journal […]
07/20/2023
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By Arsenio Toledo
Tech companies laid off nearly 221,000 workers in 2023 – already way ahead of last year’s total
Nearly 221,000 global tech-sector employees have been laid off since the beginning of 2023. This is according to data compiled by the website Layoffs.fyi, which currently lists 877 tech companies that have laid off 220,995 employees since January. Last year, 1,024 tech companies laid off a total of 154,336 employees. Most recently, tech giant Microsoft announced […]
07/19/2023
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By Arsenio Toledo
Move over USD: Argentina uses Chinese yuan to settle IMF debt
The International Monetary Fund has accepted Argentina’s recent payment of $1.1 billion of its debt to the organization in the form of Chinese yuan rather than United States dollars. IMF spokesperson Julie Kozack confirmed on Thursday, July 13, that Argentina paid the IMF in Chinese yuan worth the equivalent of $1.1 billion, with a further […]
07/14/2023
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By Arsenio Toledo
ABSURD: British government sent $65.5M worth of foreign aid to China last year, the world’s second largest economy
The government of the United Kingdom gave nearly 50 million pounds ($65.5 million) worth of foreign aid to China last year. This is according to a new report by the Independent Commission for Aid Impact (ICAI), a watchdog group that found overseas aid sent to Beijing from 2021 to 2022 was around 48 million pounds ($63 […]
07/13/2023
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By Arsenio Toledo
THIS DOESN’T ADD UP: Joe Biden gives auto companies BILLIONS in taxpayer dollars while auto worker wages are getting CUT IN HALF
A report by the auto industry union the United Auto Workers (UAW) has accused President Joe Biden of sending billions of taxpayer dollars to big car companies at a time when auto worker wages are getting cut in half. Biden has long touted himself as a proponent of replacing the millions of cars on America’s roads with electric […]
07/12/2023
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By Arsenio Toledo
Biden’s EV program is alienating allies in the United Auto Workers, who fear the push will lead to fewer well-paying union jobs
President Joe Biden’s sweeping electric vehicle (EV) program is alienating one of his formerly staunchest union allies: the United Auto Workers (UAW). The UAW, a massive and powerful union representing more than 400,000 workers in the automobile industry, has long been an influential force in progressive politics, aiding pro-labor union Democrats in the Midwest with […]
07/12/2023
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By Arsenio Toledo
LAHSA data: Los Angeles County now has over 75,000 homeless people
The homeless population of the City of Los Angeles has grown by 10 percent, as the total number of homeless people in the county skyrocketed to over 75,000. This is according to data from the Los Angeles Homeless Services Authority (LAHSA), which recently released its annual count of homeless people both in the city and in Los Angeles […]
07/11/2023
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By Arsenio Toledo
GREEDFLATION: Walmart prepares to increase prices despite reporting 7.33% profit growth
Walmart is expected to once again increase store prices at a time when even the American middle class is struggling to shop for essentials at the big box store that many consider to be one of the cheapest places to get goods. Walmart has been warning for months now that inflation in the United States […]
07/10/2023
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By Arsenio Toledo
China enacts export restrictions on two crucial metals amid escalating trade war with US
China has just instituted massive export restrictions on two metals – gallium and germanium – necessary for the manufacturing of crucial technologies. According to a notice by China’s Ministry of Commerce and General Administration of Customs, the export controls will come into effect on August 1. These restrictions also include several of their compounds. The communist nation said […]
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