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News & Articles By JD Heyes
05/01/2023
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By JD Heyes
More bank failures coming? FDIC takes control of First Republic Bank after second-biggest collapse in nation’s history
The FDIC has once again had to move in and support a collapsed financial institution — First Republic Bank — after the second-largest banking failure in the history of the country. The bank’s collapse is the latest in a slew of other bank failures that began in March. Nevertheless, we’re being told ‘all is well’ […]
05/01/2023
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By JD Heyes
Two dozen countries align against U.S. dollar as BRICS alliance seeks to form new global currency
The United States, for the better part of a century, has been the “indisposable nation” that others turn to when they need just about anything. But suddenly, in the age of the decrepit Joe Biden, a growing number of countries are attempting to move on from America and its currency, the dollar. According to reports, […]
04/12/2023
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By JD Heyes
More retailers shutting down, leaving crime-ridden Democrat-run cities as they plunge into chaos and violence
More and more retailers are calling it quits in big Democrat-run cities where far-left prosecutors elected with dirty money from Marxist George Soros refuse to punish criminals and lawlessness is prevailing. In Chicago, for instance, Walmart has eight stores and the chain has decided to close four of them. “The simplest explanation is that collectively […]
04/12/2023
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By JD Heyes
A tsunami of debt worth more than $1.5 trillion coming due for commercial property owners
Borrowers in the US commercial real estate market face a significant challenge as nearly $1.5 trillion of debt comes due for repayment by the end of 2025, leading to a couple of big questions: Who will be willing to lend to them? And what will interest rates be by then? “Refinancing risks are front and center” for […]
04/10/2023
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By JD Heyes
Top Arab leaders including Saudis, Iranians, meet in China to plot ‘end’ of American global dominance
Joe Biden has never been good at foreign policy, and he’s even less effective at it now because his mind is gone, thanks to worsening dementia. But it doesn’t help that the deep state leftists who are really running things are more concerned about promoting drag queens to kids and getting our pronouns right than […]
04/07/2023
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By JD Heyes
Get woke, go broke: Bed Bath & Beyond now begging product consignment company to stock its shelves so that stores don’t appear empty
Woke retailer Bed Bath & Beyond was spiraling into the ash bin of history but has gotten a last-minute reprieve — of sorts — that will likely only delay the franchise’s collapse. On Wednesday, the company revealed that it is partnering with Hilco Global to restock its inventory as part of its ongoing efforts to […]
04/05/2023
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By JD Heyes
Saudi Arabia joins others in OPEC to cut oil production in latest slap in the face to Joe Biden
The mindless Joe Biden, whose presidency is being ‘managed’ by left-wing cultural ideologues who hate the very country they are supposed to be defending and protecting, just got another figurative slap in the face by a long-time Middle East ally, Saudi Arabia, and it is American consumers who are going to pay the price — […]
03/30/2023
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By JD Heyes
Whistleblowers say Credit Suisse has been helping wealthy U.S. clients dodge taxes for years
UBS Group, which recently acquired the collapsed Swiss bank Credit Suisse in a last-minute bailout, may encounter a new set of legal and regulatory issues as a result of the acquisition. According to two former Credit Suisse bankers who are now serving as whistleblowers for the U.S. government, the bank has offered a secure environment […]
03/28/2023
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By JD Heyes
Govt. agency files complaint against crypto exchange Binance, alleging compliance violations
On Monday, the Commodity Futures and Trading Commission filed a complaint in an Illinois federal court against Binance, its co-founder Changpeng Zhao, and its former chief compliance officer Samuel Lim, alleging that Binance solicited U.S. users and undermined its own “ineffective compliance program.” As reported by CNBC, the filing has the potential to disrupt the exchange’s operations and […]
03/28/2023
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By JD Heyes
State financial officials demand JPMorgan Chase end woke banking practices that are leading to collapses
A group of fourteen state financial officers wrote a letter to the CEO of JPMorgan Chase, urging the company to discontinue what appears to be “politically motivated” de-banking practices against certain industries, individuals, and groups. The letter comes on the heels of institutions like Silicon Valley Bank collapsing in recent weeks after taking up “woke” […]
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