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News & Articles By Cassie B.
12/20/2023
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By Cassie B.
U.S. Steel sold to Japanese firm for nearly $15 billion, raising concerns about national security
A major part of American history, the steel producer U.S. Steel, has been sold to the Japanese firm Nippon Steel in a transaction that is worth nearly $14.9 billion. The offer is almost twice that put forth by Cleveland Cliffs a few months ago, which the company rejected. U.S. Steel was once the biggest corporation […]
12/15/2023
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By Cassie B.
500-year dominance of the West is coming to an end, Russian FM warns
The foreign minister of Russia recently expressed a sentiment that has been weighing on the minds of many in Western nations in recent years: the West’s 500-year dominance on the world stage is drawing to an abrupt close. Speaking to the Doha Forum in a video address, Sergey Lavrov explained that he was unable to […]
12/04/2023
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By Cassie B.
Mass bank branch closures and troubled real estate sector point to impending U.S. financial crisis
Many of the country’s biggest banks have been closing local branches left and right lately, and some financial experts are warning that even more problems will follow – and it could all be headed toward a financial crisis. The nation’s sixth-biggest bank, PNC, recently confirmed it would be closing 19 branches around the United States. […]
11/28/2023
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By Cassie B.
Local food banks struggling to keep up with demand as inflation leaves more Americans hungry
As inflation continues to affect American consumers, local food banks are seeing increasing levels of demand – and they are struggling to meet it. The chief executive of the Manna Food Center, Jackie DeCarlo, told the Washington Post that they were experiencing “unprecedented” demand. They exceeded their previous record, which was set during the pandemic, […]
11/17/2023
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By Cassie B.
Bank payment processing outages highlight risks of relying on electronic banking
Last week, a number of American banks could not process payments for a few days, leaving some customers in a precarious financial situation as transfers and deposits failed and highlighting the risks of relying on electronic banking. The effects of the outages were far-reaching. Many people’s payroll direct deposits failed, leaving them unable to access […]
11/15/2023
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By Cassie B.
Moody’s downgrades U.S. credit outlook from “stable” to “negative” amid political drama
Moody’s downgraded its outlook on the U.S. credit rating from “stable” to “negative” on Friday, Nov. 10, in response to sizable fiscal deficits and a drop in debt affordability. The move highlights America’s increasingly dire fiscal standing. Moody’s kept the U.S. at its highest rating of AAA, which means it was not a full downgrade. […]
11/10/2023
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By Cassie B.
Annual interest on U.S. debt soars past $1 trillion for the first time in history
Interest on U.S. debt has soared past $1 trillion for the first time in history, according to calculations from the Treasury. The estimation is calculated using data on the government’s monthly outstanding debt balance and average interest. The projected amount has doubled during the past 19 months. This shocking figure comes as interest costs for […]
11/07/2023
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By Cassie B.
Calls increase to BOYCOTT major corporations for supporting Israeli genocide against Palestinian civilians
The Israeli economy is already suffering from the country’s actions in Gaza, with the shekel reaching a 14-year low and its benchmark stock index dropping 10 percent. With the possibility of a long war ahead that could potentially expand to other fronts, Israel’s economic downturn could be severe, with one economist predicting the economy will […]
10/16/2023
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By Cassie B.
Canadian government THREATENS Costco and Walmart to artificially lower food prices to combat inflation
As inflation continues to climb in Canada, the government has resorted to threatening grocery stores in a bid to get them to artificially reduce their prices to cope with the new reality. In response to political pressure to tackle inflation and a deadline imposed by the government to come up with a plan, the country’s […]
10/03/2023
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By Cassie B.
Russia has almost fully bypassed Western sanctions on oil exports
Western sanctions against Russian oil exports have proven to be unsuccessful as Moscow continues finding ways to completely bypass them. Revenue from Russian oil sales represents a significant share of the Kremlin’s budget, and Western countries hoped that sanctioning exports would dry up funding for their invasion of Ukraine. The U.S. and the EU have […]
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