marketcrash
bitcoincrash
pensions
nationaldebt
bubble
risk
debtcollapse
economy
02/10/2023
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By Ethan Huff
Cargo thefts spiked 15% in 2022 across US and Canada as organized crime rings targeted supply chain
The latest data from CargoNet shows that cargo thefts increased substantially in 2022 – and especially towards the end of the year – as global supply chains falter. The Verisk Analytics-owned firm, which tracks voluntarily reported cargo thefts, reported 1,778 “supply chain risk incidents” in Canada and the United States in 2022. This is up […]
02/08/2023
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By Cassie B.
As gas prices rise for 5th straight week, experts warn high prices will persist through summer
Gas prices in the U.S. rose for the fifth week in a row during the last week of January, and industry analysts report that they are unlikely to drop in the near future. According to GasBuddy, the national average reported last week of $3.49 per gallon represents a rise of 33.3 cents over the figure […]
02/07/2023
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By Belle Carter
FedEx announces end of SameDay City delivery service as demand plunges
Logistics giant FedEx has announced the end of its SameDay City delivery service after a decade of operation. The retirement of what was dubbed as “the fastest local shipping option” came amid a drop in demand in the transportation industry. FedEx Office, a unit of the transportation conglomerate, broke the news on Feb. 3. According […]
02/06/2023
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By Arsenio Toledo
Credit card debt SURGES to record-high $930.6 billion and will keep increasing due to inflation, interest rates
The amount of credit card debt owed by Americans jumped by 18.5 percent, hitting a record-high of $930.6 billion – and this is expected to climb even higher as American consumers continue to deal with nflation and rising interest rates. “Whether it’s shopping for a new car or buying eggs in the grocery store, consumers continue to […]
02/03/2023
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By Cassie B.
DUMPSTER DINNERS: Brits now seeking out EXPIRED food to consume as they cope with meteoric rise in food prices
The cost of food continues to rise in the UK, and the country’s food retailers have warned that price inflation will continue into the foreseeable future. The latest figures show grocery prices are now increasing at their fastest rate on record. Figures provided by retail analyst Kantar found that grocery price inflation in the country […]
02/03/2023
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By Arsenio Toledo
More people are rapidly leaving crime-ridden, high-cost cities like New York, San Francisco and Chicago
Many Americans are leaving crime-ridden, high-cost and unstable cities like New York and Chicago for low-tax, more affordable states like Florida and Texas. Despite the calls of many employers for their workers to begin returning to the office, people still aren’t moving to big city centers like they used to. In fact, in many major cities […]
02/01/2023
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By Arsenio Toledo
Demand for gold surges to highest rate in over a decade as world’s central banks continue buying spree
The World Gold Council (WGC) reports that demand for gold from central banks has surged to its highest rate in more than a decade in 2022, as central banks turn to gold as a haven asset during this period of heightened geopolitical tensions. The WGC reported that annual demand for gold increased by 18 percent […]
02/01/2023
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By Arsenio Toledo
Bank of Canada admits Trudeau’s climate change policies are fueling inflation
The Bank of Canada, the country’s central bank, has admitted that Prime Minister Justin Trudeau’s federal programs for dealing with so-called climate change are helping fuel inflation and have been deemed too “extreme” by many provincial leaders. The central bank’s researchers noted in their report, titled “The 2021-22 Surge in Inflation,” that Trudeau’s schemes for supporting […]
02/01/2023
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By Ethan Huff
Consumer spending PLUMMETS as Americans lose access to cheap credit
The days of abundance are ending in the United States as consumer spending falters due to rising interest rates, persistent supply chain problems, and ongoing inflationary pressures. People just aren’t making enough money to continue buying things the way they once did, especially as cheap and easy credit becomes a thing of the past. Savings […]
01/27/2023
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By Cassie B.
IBM announces 3,900 layoffs as Big Tech financial struggles continue
The latest company to join the Big Tech mass firing trend is IBM, who has cut nearly 4,000 jobs after missing its annual cash target. This week, the computer company announced that it would be laying off 3,900 individuals, which amounts to around 1.5 percent of its workforce. These cuts are estimated to lead to […]
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