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News & Articles By Laura Harris
03/27/2024
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By Laura Harris
53% of Millennial and Gen Z consumers are resorting to “buy now, pay later” services and racking up enormous debt
Recent data from analytics company LexisNexis Risk Solutions found that 53 percent of millennials (ages 30 to 44) and Gen Z (ages 18 to 29) consumers are now using “buy now, pay later” (BNPL) services as a financial lifeline for their daily essentials to adapt to inflation. BNPL providers like Afterpay Limited and Klarna Bank AB have […]
03/26/2024
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By Laura Harris
REPORT: Combined wealth of American billionaires has skyrocketed by 87.6% since the COVID-19 pandemic
A recent Inequality.org report reveals that the combined wealth of American billionaires has skyrocketed by 87.6 percent since the onset of the Wuhan coronavirus (COVID-19) pandemic in March 2020. According to the report, the total wealth of American billionaires has reached a staggering $5.53 trillion as of March 18. The windfall has primarily benefited titans of the tech industry, with […]
03/20/2024
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By Laura Harris
Uber agrees to pay $178M to settle lawsuit with over 8,000 taxi drivers in Australia after a 5-year legal battle
After a five-year legal battle with over 8,000 Australian taxi drivers, tech and rideshare firm Uber has finally agreed to pay them AU$272 million ($178 million) to cover all of their financial losses since the ridesharing giant began its unlicensed operations in the country. In 2019, thousands of taxi and car-hire drivers, operators and license […]
03/19/2024
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By Laura Harris
EV COLLAPSE: Automakers are scaling back and delaying their EV plans as consumer demand wanes
The enthusiasm surrounding electric vehicles (EVs) that once swept through the automotive industry is now tapering off as consumer demand misaligns with the industry’s lofty ambitions. For years, automakers had been riding high on optimistic sales projections and ambitious targets for EV growth. From legacy giants like Ford Motor Company and General Motors to luxury […]
03/08/2024
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By Laura Harris
TRAITORS: Democrats in Denver suggest hiring illegals for government jobs amid financial strains and layoffs in the city
Democrats in Denver, Colorado, have suggested hiring illegal immigrants for government jobs amid financial strains and layoffs in the city. In February, Jolon Clark, the recreation director of Denver Parks and Recreation, announced that some hourly on-call employees, including front desk workers, coaches and lifeguards, may have their hours reduced to zero due to the current budget strain. “The reduction in […]
03/06/2024
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By Laura Harris
StatCan: Canadian household debt-to-income ratio surpasses levels seen across other G7 countries
Recently released data from Statistics Canada (StatCan) reveals that Canada has clinched the dubious title of having the highest household debt to disposable income level among G7 countries due to the country’s ongoing housing crisis. Real estate constitutes a substantial portion of the average household’s wealth, accounting for approximately 55 percent, while mortgages represent the bulk of their […]
03/05/2024
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By Laura Harris
Kellogg’s CEO faces backlash over “cereal for dinner” campaign amid rising grocery prices
Kellogg’s CEO Gary Pilnick has ignited a social media firestorm after claiming that the “cereal for dinner” campaign is “landing very well” with American consumers. The initiative, which suggests a more affordable dining option for families amid skyrocketing grocery costs in the form of Kellogg’s breakfast ceral products, has faced backlash. In a recent live interview […]
02/27/2024
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By Laura Harris
Thousands of European farmers are still protesting the EU’s anti-farmer regulations
Thousands of farmers across Europe are still protesting against the European Union’s destructive agricultural policies and climate regulations, soaring production costs and cheap imports from countries with less stringent rules. The farmers, who came from Belgium, the Czech Republic, France, Germany, Greece, Hungary, Italy, Latvia, Lithuania, the Netherlands, Poland, Romania, Slovakia and Spain, have been demonstrating from all over […]
02/27/2024
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By Laura Harris
Nike is DOING IT: Sports shoes and apparel giant to cut roughly 1,700 jobs to reduce costs by $2B over the next 3 years
Global sportswear giant Nike has announced plans to lay off roughly 1,700 employees, in a bid to cut costs by $2 billion over the next three years. Last December, Nike revised its revenue forecast and revealed cost-cutting measures as the company faces challenges stemming from changing consumer behavior, increased competition from emerging brands and economic […]
02/27/2024
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By Laura Harris
Biden admin to WIPE OUT $1.2B in federal student loans under new plan – essentially vote-buying using taxpayer money
The Department of Education (ED) has announced the automatic discharge of $1.2 billion in federal student loan debt for 153,000 borrowers under a new income-driven repayment (IDR) plan from President Joe Biden. The Saving on A Valuable Education (SAVE) Plan seeks to provide relief to enrolled borrowers who have diligently made payments for at least 10 years and […]
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