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News & Articles By Belle Carter
06/15/2023
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By Belle Carter
GREEDFLATION: Predatory corporations still raising prices for bigger revenue despite falling input costs
A recent report from consumer-advocacy group Accountable.US revealed that S&P 500 food and consumer-goods giants are still raising prices even as input costs are falling. Dubbing the measures “greedflation” in place of inflation, Accountable.US said these companies still attach their products with hefty price tags to protect what a new report calls their “cushioned corporate profits,” and doing so […]
06/13/2023
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By Belle Carter
DEBT SENTENCE: Bankruptcy haunts corporate America as interest rates soar following the end of easy money
As the era of easy money ended last year, filings for corporate bankruptcy have piled up at the fastest pace since 2010 as interest rates have become much higher and investors are getting hesitant and a little more prudent. According to S&P Global Market Intelligence data, the first two months of the year registered the […]
06/13/2023
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By Belle Carter
Calm before the storm: Treasury bills to flood market following sealed debt-ceiling deal
Following the signed debt ceiling deal, investors are preparing for a massive flood of more than $1 trillion Treasury bills that could ignite a new round of volatility and threaten the current calm in the market. As per JPMorgan analysts, Wall Street traders fear that the roughly $850 billion in bond issuance was shelved until a […]
06/13/2023
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By Belle Carter
HEAD IN THE SAND: Biden’s Labor Statistics claims job growth is strong despite economic indicators pointing to coming financial meltdown
The Bureau of Labor Statistics (BLS) released new jobs data last week claiming that seasonally adjusted total nonfarm jobs growth beat forecasts, growing by 339,000 new jobs in May. However, the data raised the eyebrows of critics as the unemployment rate rose from 3.4 percent to 3.7 percent month-over-month. Mainstream media outlets report this headline employment data […]
05/24/2023
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By Belle Carter
NO DEAL! Biden, McCarthy fail to reach an agreement on DEBT CEILING just days from potential default
President Joe Biden and House Speaker Kevin McCarthy failed to reach an agreement on how to raise the U.S. government’s $31.4 trillion debt ceiling during their meeting Monday, May 22, at the White House. “I felt we had a productive discussion – we don’t have an agreement yet, but I did feel the discussion was productive in […]
05/24/2023
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By Belle Carter
Canadian businessman to build 4,000-room hotel inside giant moon replica atop a Dubai building
Canadian entrepreneur Michael Henderson is proposing a $5 billion real estate project that would build a 274-meter (900-foot) artificial moon atop a 30-meter (100-foot) building in Dubai, which is home to the world’s tallest building and other architectural wonders. Henderson’s new project, dubbed “MOON,” will be just like the real moon that Earth’s billionaire space […]
05/18/2023
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By Belle Carter
Misery Miles: Homeless denizens of Binford Road work multiple low-paying jobs to afford HIGH RENTS
The two-mile Binford Road in the city of Novato in California dubbed “Misery Miles” is home to many residents working up to two low-income jobs just to return to safe housing. According to the Daily Mail, some 135 motor homes, cars and shacks can be found along the stretch that can be reached via a […]
05/17/2023
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By Belle Carter
Fed survey shows BANKING CRISIS raises concerns over stability of US financial system
The latest Federal Reserve survey on major risks to the economy has found that the stress brought about by the recent troubles in the banking sector came up as a major concern among market analysts, business leaders, academics and researchers with regard to the stability of the U.S. financial system. “Despite decisive actions by the […]
05/17/2023
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By Belle Carter
Russian oil exports surge despite Western sanctions, Moscow’s output cut
The Russian government has vowed to reduce oil output by 500,000 barrels per day (bpd) in response to Western sanctions since late last year. But despite this predicament, seaborne shipment of Russia’s crude still posted its biggest jump since the start of 2022. According to Bloomberg‘s May 9 report, the average four-week seaborne shipments in the […]
05/17/2023
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By Belle Carter
TIPFLATION: Workers at first unionized Apple store in Maryland want MANDATORY TIPPING at checkouts
The first unionized Apple store in the U.S. is asking its parent company to implement a gratuity option at the checkout counter. According to the Daily Mail, workers at the Apple store at Maryland’s Towson Town Center want the Cupertino, California-based tech giant to put in place an option for customers using their credit cards to […]
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