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News & Articles By Arsenio Toledo
05/30/2023
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By Arsenio Toledo
Largest insurance company in California no longer writing new home policies due to high risk of catastrophic events
State Farm, the largest home insurance company in the United States, has announced that it will no longer accept new home insurance policy applications in California, claiming that the risk of wildfires and the cost of rebuilding was too high. Effective May 27, State Farm General Insurance Company no longer accepts new applications, including to […]
05/28/2023
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By Arsenio Toledo
Home sales in China PLUMMET drastically, putting world’s largest real estate market on the brink of COLLAPSE
The real estate market of China, the largest in the world, is on the brink of collapse as enthusiasm from Chinese home buyers plummets drastically. China’s real estate market was already in a state of decline in early 2023, but it experienced a short-lived rebound as the Chinese Communist Party ordered local government units to […]
05/25/2023
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By Arsenio Toledo
Copper-gold price ratio indicates unhealthy economy, raising possibility of RECESSION
More signs of a coming recession are appearing in the precious metals market as the copper-gold price ratio indicates that the United States has a very unhealthy economy. The copper-gold ratio is regularly used as a financial indicator by institutional asset managers to gauge the overall health of the economy, investor sentiment regarding the market and […]
05/25/2023
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By Arsenio Toledo
Corporate America experiencing BANKRUPTCY BOOM as recession looms
Corporate bankruptcies are once again increasing after a two-year lull as pressures on the American economy continue to eat into the profit margins of large, medium and small businesses alike. The increase in bankruptcy reports is most visible among some of the country’s largest corporations, 236 of which filed for bankruptcy in the first four […]
05/23/2023
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By Arsenio Toledo
Gallup poll: 6 out of 10 Americans believe federal income tax is too high
A new Gallup poll released on Friday, May 19, showed that six in 10 Americans believe the amount of federal income tax they pay is too high. The last time this many Americans had a negative view of federal income taxes was in 2001. Less than four in 10 American – around 36 percent – […]
05/23/2023
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By Arsenio Toledo
Walmart to offer pet telehealth services as US pet industry booms
In a bid to venture into the world of pet medicine, Walmart announced on Monday, May 22, that it has signed a deal with pet telehealth provider Pawp to offer access to veterinary telehealth services. Walmart’s deal with Pawp will provide access to the veterinary health startup’s veterinary consultation services via video or text without an […]
05/23/2023
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By Arsenio Toledo
EXTREME SCENARIOS: Artificial intelligence could revolutionize tech sector forever – or wipe out the human race
At its current pace, the unrelenting development of artificial intelligence could add trillions of dollars to the global economy or wipe out the human race by the end of this decade. Strategists from the Bank of America noted that artificial intelligence could revolutionize the tech sector forever. (Related: Big Tech, globalist elites join forces in secret […]
05/18/2023
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By Arsenio Toledo
Target on pace to lose $1.2 billion in profits over a two-year period due to organized retail crime (which is only getting worse)
Organized retail crime is expected to cost major retailer Target up to $500 million in lost profits this year due to inventory shrinkage, or theft of merchandise. Factoring in the approximately $750 million in profits Target lost last year from inventory shrinkage, the company is on pace to see $1.2 billion in profits go up in […]
05/18/2023
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By Arsenio Toledo
China quickly expanding use of yuan in global trade as it seeks to dethrone US dollar as world’s top currency
The Chinese government is taking the country’s currency – the yuan or renminbi – global in a bid to oust the United States dollar as the world’s foremost currency. Chinese President Xi Jinping’s government has been busy over the past year striking deals to expand the ways in which the yuan is used. Countries like […]
05/17/2023
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By Arsenio Toledo
US household debt soared to all-time high of $17.05 trillion in Q1 2023, thanks to the Fed’s relentless rate increases
Total American consumer debt hit an all-time high of more than $17 trillion in the first quarter of 2023, according to a report from the Federal Reserve Bank of New York. The total debt across all categories hit $17.05 trillion. This represents a $148 billion increase or 0.9 percent from the previous quarter and a […]
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