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News & Articles By Arsenio Toledo
08/16/2023
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By Arsenio Toledo
German Vice Chancellor Habeck calls Biden administration’s unlimited fund for “green” projects a DECLARATION OF WAR
The world’s economies, both large and developing, are competing to offer the best subsidies to corporations to kickstart their green energy industries. But many countries, even those with more developed economies, are struggling to compete with the incentives being offered by the United States. The massive tax credits have even wrinkled American allies in the […]
08/16/2023
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By Arsenio Toledo
END OF THE DOLLAR: South Africa says over 40 countries want to join BRICS
Over 40 other countries are looking to join the BRICS bloc of developing economies. If these nations were given the opportunity to be full-fledged members, this could lead to approximately 85 percent of the global population turning away from using the United States dollar as its main foreign currency. This is according to financial expert […]
08/15/2023
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By Arsenio Toledo
Sam Bankman-Fried indicted AGAIN for allegedly using $100M in stolen customer funds for political donations
A new indictment filed by federal prosecutors against cryptocurrency exchange FTX co-founder Sam Bankman-Fried alleged that he used more than $100 million in stolen customer funds to make political campaign contributions right before the 2022 United States midterm elections. The 31-year-old former billionaire was charged with seven counts of conspiracy and fraud after the collapse of […]
08/09/2023
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By Arsenio Toledo
US credit card debt rises to historic high of $1.03 trillion
The total credit card debt in the U.S. has breached the $1 trillion mark. This is according to the Federal Reserve Bank of New York, which noted that total credit card debt rose by nearly five percent, or about $45 billion, during the second quarter of 2023 to a new high of $1.03 trillion. This […]
08/07/2023
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By Arsenio Toledo
DEBANKING SPREE: UK banks are closing more than 1,000 accounts a day with little explanation
Banks in the United Kingdom are closing more than 1,000 accounts every working day. The figures come from an audit conducted by the Financial Conduct Authority, the U.K.’s main financial regulatory body, and published through a freedom of information request. The audit found that just over 45,000 accounts were shut down by banks from 2016 […]
08/07/2023
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By Arsenio Toledo
OPEC’s crude production DROPS to its lowest level in three years as Saudi Arabia continues to throttle oil production
The Organization of the Petroleum Exporting Countries’ (OPEC) crude oil production has plummeted to its lowest level in three years, largely due to Saudi Arabia implementing deeper cutbacks in production in a bid to shore up global oil prices. Data shows that OPEC’s crude oil output plunged by 900,000 barrels a day last month to an […]
08/03/2023
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By Arsenio Toledo
DEBT BLOWOUT: US debt has soared $1.2T since debt ceiling suspension – and the Treasury expects to add another $1.5T by year’s end
Since the suspension of the United States’ debt limit in early June, the government’s debt has spiked by almost $1.2 trillion to nearly $32.7 trillion. Worse yet, the Department of the Treasury expects another $1.5 trillion added to the national debt by the end of the year. According to data from the Treasury Department, the total […]
08/03/2023
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By Arsenio Toledo
Twitter parent company X Corp sues Center for Countering Digital Hate over “scare campaign” that drove away advertisers
X Corp., the parent company of X, formerly known as Twitter, is suing the Center for Countering Digital Hate (CCDH) over claims that the group “embarked on a scare campaign.” The company claims that it lost tens of millions of dollars worth of potential advertising revenue after CCDH alleged that Elon Musk’s takeover of the social media […]
08/02/2023
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By Arsenio Toledo
Ukraine received $1.25 billion grant from US taxpayers to pay the wages of government employees
The Ukrainian Ministry of Finance has announced that it has received a $1.25 billion grant from the United States to reimburse state budget expenses, including the wages and social benefits of state employees. The grant came from the U.S. through the Multi-Donor Trust Fund of the World Bank. It is the fifth such package the U.S. has […]
08/01/2023
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By Arsenio Toledo
Pro-Trump super PAC requests $60 million donation refund to help pay for Trump’s legal fees
The political action committee (PAC) that former President Donald Trump is relying on to help pay for his legal expenses, has recently requested a $60 million refund of the donation it had given to another PAC supporting Trump’s 2024 White House bid, signaling the deep financial troubles the former president’s political persecution has put him […]
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