marketcrash
bitcoincrash
pensions
nationaldebt
bubble
risk
debtcollapse
economic collapse
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 […]
07/19/2024
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By Kevin Hughes
Saudi Arabia’s Vision 2030 economic revival plan strains the kingdom’s finances amid delays, budget cuts and a growing government deficit
Crown Prince Mohammed bin Salman introduced Vision 2030 – his blueprint for a life after oil – eight years ago. Now, the economic revival project has strained the kingdom’s finances amid delays, budget cuts and the government’s growing deficit. With the government’s budget in deficit for six consecutive quarters, Saudi Arabia has become the largest issuer […]
07/16/2024
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By Laura Harris
Study finds home ownership in California has become increasingly unattainable due to disparities between wages and housing prices
A recent Harvard University housing study has revealed that buying a home in California became increasingly unattainable for many residents in 2o23 due to growing disparities between wages and housing prices. The study, titled “The State of the Nation’s Housing 2024,” found that Bay Area cities of San Jose, Sunnyvale and Santa Clara, right in the middle of Silicon […]
07/09/2024
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By Olivia Cook
Fast-casual pizza chain MOD Pizza in the red, considers BANKRUPTCY FILING
Fast-casual restaurant chain MOD Pizza appears to be in the red and is reportedly considering filing for bankruptcy. Bloomberg News first disclosed the development, citing unnamed sources. The report said while bankruptcy is a possibility, MOD Pizza could still choose a different path. The company is “exploring all options” to improve its financial situation, according […]
07/08/2024
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By Laura Harris
Survey finds three out of four Americans feel financially insecure
An annual survey by consumer financial services firm Bankrate has found that three out of four Americans feel financially insecure. The Bankrate Financial Freedom survey, conducted with YouGov, also found that within the 75 percent of Americans who feel financially insecure, 45 percent believe they will eventually achieve financial security while the remaining 30 percent feel […]
07/05/2024
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By Richard Brown
BIDENOMICS claims another victim: Retail store chain Bob’s Stores to close down all locations by July 14
Bob’s Stores, a retailer specializing in athletic and casual clothing across six states, is closing all its locations. The chain currently has “Going Out Of Business” sales that offer customers massive discounts of between 30 to 70 percent off, and the company’s website is no longer operational. Shoppers can find reduced prices on top national […]
07/01/2024
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By Laura Harris
Walgreens to shut down underperforming stores and reduce investment in primary-care businesses
The chief executive of pharmacy chain Walgreens Boots Alliance has announced the company’s plan to close underperforming stores and reduce investment in the primary-care business. During an interview with the Wall Street Journal, Tim Wentworth, who became CEO last October after a career in managing drug benefits, revealed that Walgreens experienced a 10 percent drop in pre-market trading on […]
06/28/2024
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By Belle Carter
Russian economist unveils Putin’s masterplan as U.S. dominance ends
Russian President Vladimir Putin started long ago to steer Russia away from the global liberal order. One way he did this is by establishing the Eurasian Economic Union (EAEU) in 2014, which aims to create a new power center to rival the U.S. and Europe. Putin already concluded then that he needed to separate the Eurasian […]
06/28/2024
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By Kevin Hughes
EU hastens DE-DOLLARIZATION by stealing Russian money and giving it to Ukraine
The European Union will send 1.4 billion euros ($1.5 billion) from the frozen assets of the Central Bank of Russia to the European Peace Facility (EPF) to meet Ukraine’s military requirements – a move that will accelerate de-dollarization. Josep Borrell, EU high representative for foreign affairs and security policy, declared on June 24 that the […]
06/27/2024
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By Olivia Cook
More and more retired Americans returning to work to cope with rising cost of living under Biden’s failing economy
Retirement is a financial milestone many Americans aim for, but more and more retirees are returning to the workforce lately due to financial strains exacerbated by market volatility and inflation. This trend, dubbed “unretirement,” is gaining momentum as retirees seek additional income to cope with rising living costs. Recent surveys reveal that about 44 percent of retirees […]
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