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News & Articles By Mary Villareal
08/19/2022
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By Mary Villareal
Walmart cancels billions in orders to align inventory with plummeting consumer demand
Retail giant Walmart Inc. said on Tuesday, August 16, that it canceled billions of dollars in orders as part of a continued effort to align inventory levels with projected demand as well as reduce exposure to products that do not align with its budget-conscious consumers. The company said its U.S. division reported a 26 percent increase […]
08/19/2022
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By Mary Villareal
IRS whistleblower says Inflation Reduction Act will target middle-income taxpayers
A former Internal Revenue Service (IRS) whistleblower said the Democrats’ Inflation Reduction Act (IRA) will target middle-income Americans with more scrutiny and audits. William Henck, who previously worked as a lawyer for the IRS until 2017, was terminated for allegedly revealing sensitive information to the media about how the IRS failed to identify a multi-billion-dollar corporate […]
08/19/2022
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By Mary Villareal
Government lost as much as $100 billion to stimulus money fraud during COVID-19 pandemic
The U.S. lost as much as $100 billion in funds as government programs got abused by applicants for benefits and aids related to the Wuhan coronavirus (COVID-19) pandemic. Since the beginning of the pandemic, the government distributed around $5 trillion in pandemic aid through three pieces of legislation, while relying heavily on the applicants’ honesty in applying […]
08/09/2022
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By Mary Villareal
American household debt now over $16 TRILLION amid rising inflation
The New York Federal reserve reported last week that household debt in America climbed to over $16 trillion in the second quarter for the first time as inflation pushed up housing and auto balances. The collective American debt was at $16.15 trillion through the end of June for a $312 billion or two percent increase […]
08/03/2022
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By Mary Villareal
Inflation pushing many Americans to pay at least $1K monthly on vehicle loans
The ongoing inflation, coupled with rising interest rates and supply chain issues, has pushed Americans to pay at least $1,000 a month for their vehicles. According to car shopping website Edmunds, at least 12.7 percent of Americans who bought new cars are shelling that amount to finance their purchases. The figures were closer to seven […]
07/28/2022
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By Mary Villareal
American consumers turn to cheaper store brands as commodity prices continue to soar
American consumers are turning to cheaper store brands in supermarkets to stretch their budget as grocery prices continue to soar, adding more pressure to the big food brands. This major change in spending habits started in March, with the sudden spike in gas prices and the highest level of inflation in 40 years. According to […]
07/27/2022
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By Mary Villareal
Owen Shroyer: Biden administration changing the definition of recession to deny that it is happening
The Biden administration is denying that a recession is underway in the United States. Instead, it is redefining the meaning of recession in a way that is very insulting to Americans. InfoWars host Owen Shroyer touched on how the Biden administration redefined “recession” ahead of a “potentially negative” Gross Domestic Product (GDP) report during a […]
07/25/2022
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By Mary Villareal
BlackRock records whopping $1.7 TRILLION loss in first half of 2022
BlackRock, the world’s largest investment management firm, recorded a $1.7 trillion loss in the first half of 2022 – the biggest sum ever lost by a single company in a six-month span, according to Bloomberg analyst Marc Rubenstein. According to the company’s second-quarter earnings report, BlackRock CEO Larry Fink attributed the decline to the collapse of the […]
07/22/2022
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By Mary Villareal
Higher interest rates, inflation weigh down housing market
Americans are facing higher interest rates and inflation, which are making the pain in the mortgage market even worse. Mortgage demand fell more than six percent last week from the previous week, hitting the lowest level since 2000, as per the Mortgage Bankers Association, which records a seasonally-adjusted index. Applications for a mortgage to purchase a […]
07/22/2022
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By Mary Villareal
Government price controls come at a cost
As prices skyrocket, some liberals argue that the United States government should implement more price controls – such as President Joe Biden’s “Build Back Better” plan that would impose various price controls on prescription drugs. For the less familiar, price controls seem like a good idea. However, as Don Boudreaux explained in an essay published […]
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