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News & Articles By Arsenio Toledo
03/29/2023
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By Arsenio Toledo
Disney to begin mass layoff of 7,000 employees this week
The Walt Disney Company announced on Monday, March 27, that it already began letting go of 7,000 of its workers in a mass layoff the company announced earlier this year. Chief Executive Officer Bob Iger said the layoffs are necessary for the company to control costs and create a more “streamlined” business. The job cuts were initially […]
03/29/2023
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By Arsenio Toledo
IMF head warns: Risks to stability of global financial system have increased after recent upheavals across banking sector
International Monetary Fund (IMF) Managing Director Kristalina Georgieva warned that the risks to the stability of the global financial system have increased along with “the need for vigilance,” especially after the recent upheavals in the banking sector. Georgieva made these pronouncements while speaking at the China Development Forum in Beijing. She reiterated her view that […]
03/27/2023
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By Arsenio Toledo
Ron DeSantis to introduce legislation in Florida prohibiting the use of CBDCs in the state
Florida Gov. Ron DeSantis has unveiled his plan to introduce legislation to prohibit the use of central bank digital currencies (CBDC) in the Sunshine State, calling the nationwide attempt to push its use a part of the “woke ideology.” The proposed law would prohibit the use of any kind of digital currency issued by the federal government as […]
03/24/2023
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By Arsenio Toledo
US bondholders preparing to sue Swiss government over wipeout of $17 billion worth of Credit Suisse bonds
American investors in Credit Suisse and corporate litigators are preparing to take on the government of Switzerland over its decision to wipe out $17 billion worth of Credit Suisse bonds. Swiss bank Credit Suisse was sold to one of its main competitors, UBS, in a sale brokered by the Swiss government. As part of this deal, […]
03/22/2023
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By Arsenio Toledo
Existing home prices in the US fall for the first time in 11 years
Year-over-year home prices in the United States have dropped for the first time in 11 years, leading to a reversal in the yearlong streak of declining monthly home sales. The national median price for an existing home fell by 0.2 percent in February year-over-year to $363,000. This marks the first year-over-year decline in housing prices […]
03/19/2023
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By Arsenio Toledo
Federal Reserve will keep increasing interest rates despite worsening banking crisis
Despite an ongoing banking crisis that has seen at least two major banks shut down and many other banks on the verge of collapse, the Federal Reserve is still expected to increase interest rates. The Fed is likely to raise interest rates by 25 basis points (0.25 percent) on Wednesday, March 22, according to a strong […]
03/17/2023
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By Arsenio Toledo
State legislatures are sneakily introducing amendments to laws that would pave the way for CBDC domination
Legislatures in 23 states and the District of Columbia are currently deliberating bills that would introduce central bank digital currencies (CBDCs) into their jurisdictions. This is due to the appearance of bills introducing the Uniform Commercial Code (UCC). These bills would standardize state laws and regulations for transacting business. Theoretically, the UCC would make it increasingly easier […]
03/16/2023
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By Arsenio Toledo
Saudi Arabia could invest in Iran “very quickly” following China-brokered deal to re-establish diplomatic relations
Saudi Arabia could start pouring investment money into Iran “very quickly” following the reopening of diplomatic relations between the two formerly hostile countries. This is according to the kingdom’s Minister of Finance Mohammed Al-Jadaan, who spoke about investing in Iran during the Financial Sector Conference in Riyadh. He noted that Iran could also make significant […]
03/15/2023
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By Arsenio Toledo
Small and regional banks are being left to fend for themselves while big banks like Silicon Valley Bank are being bailed out
As the federal government scrambles and spends as much American taxpayer dollars as it can to bail out big banks like Silicon Valley Bank and Signature Bank, small and regional banks that have been negatively affected by the fallout of their collapses are being left to fend for themselves. Following the near-overnight bank failures of […]
03/15/2023
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By Arsenio Toledo
PLANNED DEMOLITION? Biden and FDIC BLOCKED efforts by private buyers to take over Silicon Valley Bank before it collapsed
Right before Silicon Valley Bank collapsed and was subsequently nationalized using taxpayer dollars, the Federal Deposit Insurance Corporation (FDIC) prevented efforts by private buyers to purchase the bank. Members of the Wall Street Journal editorial board noted that, despite federal claims that it could not find a buyer for SVB, a source has told them that both the […]
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