marketcrash
bitcoincrash
pensions
nationaldebt
bubble
risk
debtcollapse
supply chain
07/19/2024
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By Kevin Hughes
Shipping costs are rising all over the world, striking a huge blow to international trade
The impacts of restrictions on shipping in the Red Sea and Panama Canal are now being experienced around the world. Conflicts, economic downturns and restrictions on shipping all over the world are causing shipping costs to surge, straining the free flow of international trade. In the Middle East, for nearly 10 months now, Houthi forces from […]
07/15/2024
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By Ethan Huff
Walgreens to close THOUSANDS more pharmacy stores due to rampant theft, collapsing economy under Biden
Over the next couple of years, pharmacy chain Walgreens will close another 2,150 or so stores, CEO Tim Wentworth told the Wall Street Journal on June 27. Wentworth says there are a number of reasons for the closures, not the least of which is America’s failing economy and the resultant profit losses Walgreens is seeing. There […]
07/04/2024
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By Zoey Sky
Russia overtakes U.S. as Europe’s primary gas supplier despite ongoing sanctions
Sanctions have failed to stop Russia from overtaking the United States as Europe’s primary gas supplier. Even with the continent’s efforts to reduce its reliance on Russian fossil fuel resources since the beginning of the conflict, reports have revealed that Europe’s gas imports from Russia surpassed those from the U.S. in May. (Related: Russian central bank governor: […]
06/26/2024
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By Cassie B.
Russia says countries that join BRICS can’t participate in unilateral sanctions
Russian Deputy Foreign Minister Sergey Ryabkov has announced a major condition that will apply to all countries that are interested in joining the BRICS+ economic coalition of nations. At a Moscow press conference this week, Ryabkov asserted: “For us, one of the key criteria for admission to BRICS and welcoming partner states is non-participation…in the […]
06/25/2024
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By Laura Harris
Rite Aid to CLOSE 27 more stores due to ongoing bankruptcy proceedings
Rite Aid, one of America’s largest drugstore chains, recently announced its plan to close 27 more stores due to ongoing bankruptcy proceedings. According to a “notice of additional closing stores” filed with the U.S. Bankruptcy Court of the District of New Jersey on June 17, Rite Aid closed 15 stores in Ohio and 12 in Michigan. This brought […]
06/21/2024
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By Ethan Huff
Malaysia, which controls 25% of the world’s sea route trade via the Strait of Malacca, announced it is joining BRICS
In an interview with Chinese media outlet Guancha, Malaysian Prime Minister Anwar Ibrahim revealed that his country is preparing to join the BRICS (Brazil, Russia, India, China, and South Africa) alliance of emerging economies. Last year, BRICS decided to expand its membership ranks to challenge the current Western-led world order, which has become an overflowing […]
06/17/2024
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By Ethan Huff
U.S. expands sanctions against Russia, which will only accelerate dedollarization and global shift into BRICS
The U.S. State Department and Treasury sanctioned another 300 people and entities in Russia and elsewhere this week in a desperate bid to stop Russia from taking back land in Ukraine that is rightfully owned by Russia. The 300 people and entities targeted are accused of having ties to Moscow’s “war economy,” this being the […]
05/21/2024
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By Belle Carter
Analysis reveals trucking industry is BALKING at high cost of operating electric rigs
In line with the administration of President Joe Biden’s push for getting rid of greenhouse gases-emitting vehicles and going for electric cars, the trucking industry has also been endorsing battery-electric big rigs. However, an analysis conducted by truck leasing company Ryder System, which manages 250,000 trucks and vans for tens of thousands of retailers and […]
05/20/2024
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By Kevin Hughes
U.S. slaps new tariffs on Chinese electric vehicles, batteries and other EV hardware
The administration of President Joe Biden has passed massive tariffs on Chinese products, quadrupling duties on Chinese-made electric vehicles to over 100 percent and enforcing new levies on Chinese computer chips, solar cells and lithium-ion batteries. The White House said the latest actions are aimed to “protect American workers and businesses.” The tariffs will affect […]
05/03/2024
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By Cassie B.
Houthi blockades prompt Israeli port of Eilat to lay off half its workers
Blockades by Houthi rebels have seriously compromised the Israeli port of Eilat on the northern tip of the Red Sea, and now half of its workers could lose their jobs due to the resulting financial hit. Last month, Israel’s main labor federation, Histadrut, said that Eilat port management declared its intention to fire half of […]
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