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News & Articles By Arsenio Toledo
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 […]
07/10/2023
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By Arsenio Toledo
BANKRUPTCY BOOM: U.S. saw 70 major bankruptcies in just 4 months, the third worst start of year since 2000
The United States had at least 70 major bankruptcies in the first four months of the year. This major bankruptcy rate is the third worst start to the year since 2000, surpassed only in 2009 during the height of the Great Recession and in 2020 during the upheaval caused by economic lockdowns. In 2009, from […]
07/06/2023
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By Arsenio Toledo
Target to spend $5 billion on its stores to prevent them from shutting down
Big box retailer Target is spending $5 billion on its stores nationwide as part of a wider strategy to keep them profitable and prevent them from shutting down. The investment is a response to new and old issues faced by the company as well as other big box retailers, including the rise in online shopping, […]
07/06/2023
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By Arsenio Toledo
UK on track to become a FULLY CASHLESS NATION by 2035 as use of cash declines rapidly
The United Kingdom is on track to become a fully cashless nation by 2035 as more and more adults, spurred on by government incentives, resort to using digital payment options. In 2012, around 60 percent of all transactions in the U.K. were still conducted using physical currency. At this rate, by the end of the decade […]
07/06/2023
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By Arsenio Toledo
Car companies are expanding into the lithium mining business to secure their supplies for EV manufacturing
Major American car companies are expanding into the lithium mining business to prevent possible lithium supply snags for electric vehicle (EV) manufacturing. Lithium, sometimes referred to as “white gold” for its high value and silvery white color, has fueled a new global mineral rush with the element being critical in the manufacturing of lithium-ion batteries that power […]
07/06/2023
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By Arsenio Toledo
New York, California see tax revenues fall by double digits while Florida and Texas see massive gains
The reported tax revenues of New York and California are reeling as more and more people flee their respective states for more low-tax locales like Florida and Texas, both of which are consequently seeing surges in tax revenues. This is according to data compiled by the Urban-Brookings Tax Policy Center, a Washingt0n, D.C.-based think tank which […]
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