marketcrash
bitcoincrash
pensions
nationaldebt
bubble
risk
debtcollapse
covid-19
06/30/2023
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By Olivia Cook
New report reveals how $200B in COVID-19 relief aid was STOLEN
A federal watchdog’s investigation strongly suggests that more than $200 billion in taxpayer dollars may have been stolen from two large Wuhan coronavirus (COVID-19) relief initiatives. This is according to the inspector general of the Small Business Administration (SBA) and represents a much greater loss through fraud than the office’s previous projections and underscores the vulnerability […]
05/09/2023
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By Arsenio Toledo
Number of Americans defaulting on subprime auto loans nearing levels not seen since the Great Recession
The number of people defaulting on their subprime auto loans is nearing levels not seen since the 2008 global financial crisis. This is according to a new report from Florida-based fixed-income asset manager Bramshill Investments. The company’s report noted that inflation and higher interest rates from the Federal Reserve – and as much as 20 […]
05/01/2023
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By Ramon Tomey
California businesses still paying for Julie Su’s $31B mistake
Businesses in California are still shouldering the $31 billion mistake of Acting Labor Secretary Julie Su three years on. The so-called “Su tax” was a hike in payroll taxes imposed to offset the massive benefits fraud that happened during the Wuhan coronavirus (COVID-19) pandemic in 2020. Nearly 60 businesses and agriculture groups in the Golden […]
04/14/2023
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By Belle Carter
Driving on an empty tank: Florida trucking company files for bankruptcy as transportation demand plummets
Florida-based trucking company Makena Express filed for Chapter 11 bankruptcy protections as the impact of the Wuhan coronavirus (COVID-19) pandemic continues to wreck the state’s economy. Makena Trading Corp. of Pembroke Pines, Florida, doing business as Makena Express, filed its bankruptcy petition with the U.S. Bankruptcy Court of the Southern District of Florida on Monday, April […]
03/29/2023
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By Belle Carter
Mike Adams: Force majeure could be unleashed as part of the engineered Great Reset
Back in September last year, the Health Ranger Mike Adams put forward a scenario in which things could end in a global force majeure. This is slowly taking shape now as financial institutions start to crumble. Finance website Investopedia defines force majeure as a clause included in contracts that takes out liability for unforeseeable and […]
03/23/2023
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By Belle Carter
High cost of living due to pandemic ushers in another major health emergency
Health authorities in the United Kingdom have warned that the soaring cost of living caused by the Wuhan coronavirus (COVID-19) pandemic is ushering in another major health emergency. During the recently concluded virtual Annual Public Health Conference, the Local Government Association (LGA) and the Association of Directors of Public Health (ADPH) said the skyrocketing prices of essential […]
02/22/2023
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By Belle Carter
Internal sources: Apple secretly firing contractors to cut costs despite job security assurances by CEO
Sources from within tech giant Apple disclosed that the company has been quietly axing contractors to cut costs. The revelation came amid previous assurances from Apple CEO Tim Cook that layoffs would be a “last resort.” The Cupertino, California-based company resorted to this move to avoid mass retrenchment of direct hires. Other companies such as Amazon, […]
02/16/2023
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By News Editors
IMF says world needs to prepare for the ‘unthinkable’ after COVID, war in Ukraine
International Monetary Fund Managing Director Kristalina Georgieva has warned that the world needs to be prepared to better handle shocks and “the unthinkable” in a post-COVID-19 world and in light of the ongoing Russia-Ukraine war. (Article by Katabella Roberts republished from TheEpochTimes.com) Georgieva made the comments during a World Government Summit panel hosted by CNBC’s Hadley Gamble in Dubai on Feb. 14, […]
02/13/2023
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By Belle Carter
Layoff saga continues as 12 more companies announce mass employment terminations
The U.S. economy is still trapped in the midst of a looming collapse as more companies recently announced mass retrenchment, a clear indication that the tsunami of layoffs that started late last year is continuing to accelerate. During the State of the Union Address, President Joe Biden boasted about the creation of 517,000 jobs in January – surpassing […]
02/08/2023
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By Belle Carter
Beleaguered Western commodities buyers rely on China’s refined lead, zinc
China became a net exporter of zinc and lead for 2022, which led to analysts pointing out that the communist nation “came to the rescue” of beleaguered Western buyers for both metals. According to Reuters, China exported 116,500 tons of refined lead last year – the highest outflow volume since 2007. It also marked a […]
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