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News & Articles By Nolan Barton
09/27/2021
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By Nolan Barton
Inflation accelerates as companies stock up in anticipation of surge in demand
Companies are trying to stock up in anticipation of a huge surge in demand as the coronavirus (COVID-19) pandemic worsens anticipated shortages. From mattress producers to car manufacturers to aluminum foil makers – they are all buying more material than they need. Shortages, transportation bottlenecks and price spikes are nearing the highest levels in recent memory. “You […]
09/22/2021
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By Nolan Barton
Microchip shortage affects production of new vehicles, leads to higher car prices
Demand continues to outpace supply in the auto manufacturing industry as the ongoing shortage of microchips significantly impacts carmakers’ production of new vehicles. The high demand spills over to the used-car market. “As is always the case, the new car and used-car markets are tied,” says Cars.com Executive Editor Joe Wiesenfelder. “High prices in one affect the other, […]
08/19/2021
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By Nolan Barton
Surge in shipping costs, bottlenecks at ports threaten global economic recovery
The price of moving a 40-foot container from China to the West Coast has jumped to almost $16,000 – a tenfold increase from pre-pandemic costs – as surging shipping prices and bottlenecks at ports threaten global recovery from the economic crisis inflicted by the Wuhan coronavirus (COVID-19). From Shanghai to Rotterdam, transporting a 40-foot steel cargo […]
07/14/2021
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By Nolan Barton
Job openings in US climb to record high for third straight month
Job openings in the U.S. rose to a record high for the third straight month, highlighting the intense demand for workers in a rapidly rebounding economy. The number of available jobs on the last day of May slightly climbed to 9.21 million from 9.19 million in April, the Department of Labor reported on Wednesday, July […]
07/09/2021
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By Nolan Barton
Number of cryptocurrency scams in America soared over the last two years
Nearly 26,500 cases of cryptocurrency scams were reported to the government last year, resulting in a loss of $419 million. This year, the number of cases is on pace to exceed those numbers. Glenn Titus of Salem, Oregon was among those who got scammed recently. Titus was hit by what’s known in the world of […]
06/03/2021
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By Nolan Barton
Extended global supply shortage seen as China’s factories squeezed
A factory of Huizhou Baizhan Glass Co. Ltd., maker of glass lamp shades for companies including Home Depot Inc., is being stretched to its limits with sales doubling their pre-pandemic level. But the company based in the southern Chinese province of Guangdong, which makes about $30 million in annual revenue, doesn’t plan to expand operations. […]
05/27/2021
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By Nolan Barton
Treasury to crack down on “illegal activities” in cryptocurrency markets and transactions, ignoring the fact that most crimes are carried out in DOLLARS
The Department of Treasury announced that it is taking steps to crack down on illegal activities in cryptocurrency markets and transactions. It will also require any crypto transfer worth $10,000 or more to be reported to the Internal Revenue Service (IRS). “Cryptocurrency already poses a significant detection problem by facilitating illegal activity broadly including tax evasion,” […]
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