marketcrash
bitcoincrash
pensions
nationaldebt
bubble
risk
debtcollapse
debt bomb
10/18/2024
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By Cassie B.
Desperate lab-grown meat industry claims it needs government subsidies to survive
Lab-grown meat is proving to be a spectacular failure, and producers are becoming so desperate that many are pushing for a public subsidy to stay afloat. Preliminary data from the venture capital firm AgFunder shows that funding in the lab meats sector fell by 78% in 2023 to reach $177 million, down from $807 million […]
10/18/2024
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By Ava Grace
Hardware store True Value files for BANKRUPTCY, sells business to rival Do It Best
Hardware store True Value has filed for bankruptcy and has agreed to sell its business to rival chain Do It Best. True Value filed for bankruptcy on Oct. 14, indicating total liabilities between $500 million and $1 billion. The company said in court filings that it has succumbed to slumping sales that have affected other […]
10/16/2024
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By Laura Harris
HUD ANNUAL STUDY: Homelessness on the rise due to rising housing costs, poverty and the expiration of pandemic relief measures
The Department of Housing and Urban Development (HUD) has revealed that homelessness in the United States is on the rise due to rising housing costs, poverty and the expiration of pandemic-related relief measures. According to the HUD annual study, homelessness has been on an upward trajectory for six consecutive years, with significant growth observed since 2019. […]
10/16/2024
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By Ava Grace
Boeing lays off 10% of workforce amid declining company value, ongoing strike and failing products
Boeing has announced that it is laying off approximately 10 percent of its workforce. In a memo, Boeing CEO Kelly Ortberg announced the layoffs, writing that the aerospace giant must make “tough decisions” to stay competitive. The layoffs mean around 17,000 employees will no longer have a job at the company. Ortberg added that the […]
10/16/2024
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By Laura Harris
7-Eleven to close 444 underperforming stores across North America as retail economy continues to crater
Popular convenience store chain 7-Eleven has announced the closure of 444 underperforming stores across North America, as the Japanese-owned corporation responds to changing consumer habits and ongoing inflationary pressures. According to its Tokyo-based parent company Seven & I Holdings, the closure will only affect around three percent of 7-Eleven’s over 13,000 stores across the United […]
10/14/2024
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By Cassie B.
Consumer Price Index rises more than expected as Americans pay more for everything amid ongoing inflation
The latest Consumer Price Index report has just been released, and it showed a higher rise than expected, marking the 52nd straight month of core consumer price rises on a month-over-month basis. The 2.4% increase recorded in September on an annual basis was slightly higher than the 2.3% that was forecast for the index, which […]
10/08/2024
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By Laura Harris
REPORT: About 70% of counties in battleground states now depend on government aid programs
A new Economic Innovation Group (EIG) analysis has revealed that 70 percent of counties in battleground states now depend on government aid programs. The EIG study, which examined Social Security, Medicaid, unemployment insurance and food stamps, found that on average, the federal government shoulders about 70 percent of the costs, with states covering the remainder. Notably, spending […]
10/02/2024
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By Ava Grace
Corporate media lays off hundreds of journalists and employees
Hundreds of journalists and employees have already been laid off this year by corporate media companies. The Washington Post, Los Angeles Times, Time, Conde Nast, Sports Illustrated, Business Insider, New York Daily News, National Geographic and the Baltimore Sun have all been in the news for wrong reasons – layoffs, cost-cutting, labor walkouts or bleak prognosticating. Significant […]
09/30/2024
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By Ava Grace
127 Pizza Hut branches to close down as franchisee files for bankruptcy
The franchisee of some 127 branches of Pizza Hut across five states in the South and Midwest has put them up for sale after filing for bankruptcy in July due to mounting debts. Those branches are now at risk of closing for good. Moreover, some 15 locations of the pizza parlor in Indiana and Ohio were […]
09/25/2024
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By Kevin Hughes
Sermon 3: Mike Adams explains the difference between MAN’S ECONOMY and GOD’S ECONOMY
The Health Ranger Mike Adams explained the difference between the economy of man and that of God in the third sermon on the “Health Ranger Report” podcast, part of his 100 Sermons series. He based this sermon on the Book of Proverbs in the Old Testament, which is often attributed to the wise King Solomon […]
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