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News & Articles By Ramon Tomey
01/31/2023
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By Ramon Tomey
White House calls for regulators to bolster oversight of cryptocurrencies
The White House called for regulators to bolster oversight of cryptocurrencies, warning of the dangers that come with the burgeoning sector. Four White House officials – National Economic Council Director Brian Deese, Office of Science and Technology Policy Director Arati Prabhakar, Council of Economic Advisers Chairwoman Cecilia Rouse and National Security Adviser Jake Sullivan – made […]
01/26/2023
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By Ramon Tomey
Michigan trucking company auctions equipment after ending 51 years of business operations
A trucking company based in Michigan auctioned off its equipment after 51 years of business operations. The assets of family-owned Art Mulder & Sons Trucking (AMST) were auctioned online on Jan. 24. Orbitbid, a subsidiary of Miedema Asset Management Group, handled the online action. Some of the assets from the Holland, Michigan-based trucker included 35 […]
01/20/2023
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By Ramon Tomey
Report: Conservatives boycotted Bed Bath & Beyond after it cancelled MyPillow and Mike Lindell
A recent report revealed that conservatives have staged a boycott of home goods retailer Bed Bath & Beyond (BBB) after it cancelled MyPillow and its CEO Mike Lindell. According to a Jan. 18 post by the Gateway Pundit, BBB initially dropped MyPillow products from its stores in January 2021. The retailer’s move became a cause […]
12/14/2022
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By Ramon Tomey
UK prepares to introduce central bank-backed digital pound
The United Kingdom is preparing to introduce the digital pound backed by the Bank of England (BoE), essentially making the idea of a trackable central bank digital currency (CBDC) a reality. British Chancellor of the Exchequer Jeremy Hunt confirmed this, adding that the BoE will begin consultations for the CBDC’s design. The digital pound sterling […]
12/07/2022
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By Ramon Tomey
Walmart CEO: Rampant organized shoplifting could lead to price hikes, store closures
The CEO of retail behemoth Walmart warned that rampant shoplifting could lead to price hikes and store closures. “Theft is an issue. It’s higher than what it has historically been,” Walmart CEO Doug McMillon said during a Dec. 6 appearance on the CNBC program “Squawk Box.” “If that’s not corrected over time, prices will be higher […]
12/05/2022
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By Ramon Tomey
Unemployment in Germany continues to increase, government data show
The unemployment rate in Germany continues to increase, according to data from the German Federal Employment Agency (BA). Figures from the BA showed that the number of unemployed Germans increased to 2.54 million in November after 17,000 people lost their jobs. The figures released on Nov. 30 also showed the country’s unemployment rate increased to […]
11/30/2022
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By Ramon Tomey
11 Countries have already adopted central bank digital currencies and 105 others are considering it
Central bank digital currencies (CBDCs) are already in use in 11 countries, and 105 other nations are considering adopting the technology. Washington, D.C.-based think tank The Atlantic Council (TAC) defined a CBDC as “virtual money backed and issued by a central bank.” It named 10 countries in the Caribbean, alongside the West African country of Nigeria, as early adopters of […]
11/17/2022
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By Ramon Tomey
Bitcoin’s drop in value triggered by FTX fiasco a “deadly blow” to El Salvador’s financial solvency
Bitcoin’s sudden drop in value, triggered by the collapse of cryptocurrency exchange company FTX, dealt a “deadly blow” to the Central American nation of El Salvador. The most popular crypto token saw a 21 percent drop in its value, with its price hitting the lowest in two years. While the ongoing global economic recession seriously […]
11/16/2022
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By Ramon Tomey
Heinz Tomato Ketchup sees 53% PRICE INCREASE in the UK
As inflation continues to pound consumers all over the world, many food companies have passed on higher manufacturing and raw material costs by increasing the prices of their products – including tomato ketchup. A study done by consumer organization Which? found that prices of food items from big manufacturers have increased by huge percentages. According to its data, the price […]
11/15/2022
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By Ramon Tomey
Texas judge strikes down Biden’s student loan forgiveness plan
A federal judge struck down the student loan forgiveness plan put forward by President Joe Biden. Had the plan pushed through, hundreds of billions of dollars in student loans would be canceled – setting a disastrous precedent. District Judge Mark Pittman, a magistrate for the U.S. Northern District of Texas, nixed the plan in his Nov. 10 […]
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