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News & Articles By Kevin Hughes
09/22/2022
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By Kevin Hughes
Gas prices to rise after midterms as Biden ends raid on national oil reserve
Gas prices are set to rise after the November 2022 midterm elections, coinciding with the end of President Joe Biden’s raid on the Strategic Petroleum Reserve (SPR). During a Sept. 12 speech, Biden touted how his administration is making progress on handling inflation even as Americans continue to cope with rising food and gas prices. “The price […]
09/14/2022
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By Kevin Hughes
Survey: 63% of small business owners no longer hiring because they cannot afford added costs
Results of a recent survey revealed that a strong majority of small business owners are not presently hiring because they cannot afford the added costs. Online small business network Alignable released on Sept. 7 the results of a survey it conducted. It found that a surprising 63 percent of small businesses cannot afford to hire […]
09/12/2022
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By Kevin Hughes
OPEC+ cuts oil production by 100K barrels per day amid dropping oil prices, stoking fears of global recession
The Organization of the Petroleum Exporting Countries (OPEC) and its associated producers announced Sept. 5 that they will decrease oil production by 100,000 barrels per day (bpd). The decision to slash production came amid worries of plunging oil prices and a global recession. In a media release, OPEC and its partners under the OPEC+ banner […]
09/05/2022
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By Kevin Hughes
BRICS member nations are creating new reserve currency to challenge the dollar, Andy Schectman tells Mike Adams
The BRICS group made up of Brazil, Russia, India, China and South Africa are creating a new world reserve currency to challenge the dollar’s dominance. “The biggest development of all [is that] they came out and that they are brewing up a challenge to dollar dominance by creating a new world reserve currency,” precious metals and […]
08/17/2022
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By Kevin Hughes
Thrivetime Show: Latest monkeypox scare is a push for cashless money system, warns Clay Clark
The latest monkeypox scare claiming that the disease can be spread through money and other objects is a push for a cashless system, according to “Thrivetime Show” host Clay Clark. “This article that is written in People magazine is starting the narrative that monkeypox is spread primarily through physical money. So this article says, ‘Can monkeypox spread […]
08/09/2022
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By Kevin Hughes
Inflation causing financial stress on young, low-income Americans
Young and low-income Americans are beginning to feel financial stress due to rising inflation. Generation Z consumers and those with low credit scores are scrambling to pay credit card and auto loan bills. A random sampling of 12.5 million U.S. credit files compiled by credit score company VantageScore revealed that credit card balances for people aged 25 and younger […]
08/05/2022
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By Kevin Hughes
Failsafe activated: Rich are getting richer while the market system is failing, thanks to bail-ins and bailouts
The rich becomes richer as the market system fails, thanks to the failsafe mechanisms known as bail-ins and bailouts. Bail-ins and bailouts are both designed to prevent the complete collapse of a failing bank. Their difference lies primarily in who bears the financial burden of rescuing the bank. With bailouts, the government injects capital into banks. […]
07/18/2022
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By Kevin Hughes
Hungarian PM Viktor Orban says anti-Russia sanctions will kill EU economy
Hungarian Prime Minister Viktor Orban said in a radio interview Friday, July 15, that the European Union (EU) sanctions against Russia were “miscalculated” and could destroy Europe’s economy. “The moment of truth must come in Brussels, when leaders admit they have made a miscalculation, that the sanctions policy was based on wrong assumptions and it must […]
07/15/2022
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By Kevin Hughes
LoanDepot to sack 2,000 more workers as mortgage market collapses
Mortgage lender LoanDepot is set to sack another 2,000 employees by the end of the year as the company cuts back “to align with rapidly changing market conditions.” The mass layoff is part of the company’s plan to decrease the workforce to 6,500 by the end of 2022. The company, which had 11,300 workers at […]
07/11/2022
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By Kevin Hughes
Amazon walks back plans to build 16 warehouses this year
Amazon is now in a perilous situation after spending billions to increase the size of its fulfillment network during the pandemic. It has been forced to either cancel or delay plans for 16 warehouses scheduled to be built this year. Four warehouses in Texas and two in Tennessee were among the 16 put on hold, along […]
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