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News & Articles By Arsenio Toledo
10/05/2021
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By Arsenio Toledo
Restaurant operators say business conditions have significantly DECLINED
A majority of restaurant operators in the country believe business conditions today have significantly declined compared to three months ago. This is according to a survey released on Wednesday by the National Restaurant Association (NRA). The NRA is the leading business association lobbying for the interests of restaurant owners, representing 400,000 restaurant locations across the […]
09/28/2021
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By Arsenio Toledo
Defense Department preparing for possible government shutdown, military to continue working without pay
The Department of Defense is preparing for the possibility of a government shutdown by the end of the month if Congress is unable to agree to a deal to keep the federal government funded. The Pentagon told active-duty service members they will be required to keep working, but their pay might be delayed while the shutdown is […]
09/28/2021
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By Arsenio Toledo
China’s Central Bank bans all cryptocurrency transactions
China’s central bank has banned all cryptocurrency transactions in the communist nation. In a statement, the People’s Bank of China announced a blanket ban on all cryptocurrency-related exchanges – such as offering trading, order matching, token issuance and derivatives. This ban also prevents any overseas-based cryptocurrency exchanges from providing services in mainland China. “Overseas virtual currency exchanges […]
09/23/2021
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By Arsenio Toledo
Stock markets drop due to concerns over potential collapse of Chinese real estate market
The American stock market is experiencing its biggest drop in nearly a year. The Dow Jones Industrial Average, the S&P 500 and the Nasdaq Composite have all declined by 1.78, 1.7 and 2.19 percent, respectively. This is the stock market’s worst day since Oct. 2020. Economic analysts believe the tumble is due to concerns over China’s real estate […]
09/15/2021
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By Arsenio Toledo
Food price inflation hitting world’s poorest countries the hardest
Global food prices have been climbing for over a year by now. While Americans have definitely felt a lot of pressure from the inflation, the worst effects have been felt by people in poorer and developing countries. According to the latest data from the United Nations’ Food and Agriculture Organization, food prices have risen by 40 […]
09/15/2021
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By Arsenio Toledo
Southeast Asian governments are reopening their economies that were devastated by lockdowns
The nations of Southeast Asia are reopening their economies that were devastated by their ill-advised Wuhan coronavirus (COVID-19) lockdowns. Officials in many of the region’s governments are all pushing forward with their plans to reopen their economies after spending the last few weeks or even months keeping most businesses closed and millions of families unable […]
09/09/2021
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By Arsenio Toledo
US will default on national debt by October, warns Treasury secretary
Secretary of the Treasury Janet Yellen has warned that the United States is on track to default on the national debt by October if the government does not do anything to raise the debt limit. On Wednesday, Sept. 8, Yellen sent a letter addressed to House Speaker Nancy Pelosi, House Minority Leader Kevin McCarthy, Senate […]
08/18/2021
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By Arsenio Toledo
Biden increases food stamp benefits by 27% due to inflation, increasing burden on taxpayers
The administration of President Joe Biden just approved the single largest increase in the budget of food assistance programs in 45 years. This 27 percent increase in aid puts even more strain upon taxpayers whose incomes have already been devastated by the Wuhan coronavirus (COVID-19) pandemic lockdowns. The increase in food assistance benefits is likely […]
08/07/2021
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By Arsenio Toledo
Americans are taking on more debt than they can handle, most of it going to mortgages
Americans are taking on more debt than they will ever be able to handle. The Federal Reserve reported on Tuesday that in the second quarter of this year, household debt ballooned to $14.96 trillion. Total household liabilities in the United States increased by $313 billion from three months earlier, the largest single increase in household debt in 14 […]
07/29/2021
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By Arsenio Toledo
Indians forced to turn to crowdfunding to pay for COVID-19 hospital bills
Hospitalizations in India soared over the past few months due to the emergence of the post-vaccine delta variant of the Wuhan coronavirus (COVID-19). Many that survived their ordeals were left having to figure out how to pay off their medical debts. Faced with no other alternative, they turned to crowdfunding. Many Indians do not have […]
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