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News & Articles By Arsenio Toledo
12/06/2022
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By Arsenio Toledo
Apple speeds up plans to shift production OUT OF CHINA
Tech giant Apple has accelerated its plans to shift more of its manufacturing outside of China. China has long dominated the supply chain of Apple, the world’s most valuable company. But in the wake of the turmoil in China, Apple executives want this to change. Currently, Apple is heavily reliant on Taiwanese iPhone assemblers led […]
12/06/2022
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By Arsenio Toledo
China to have roughly 1,500 nuclear warheads by 2035
A recent report published by the Department of Defense claimed that China is continuing to build up its stockpile of nuclear weapons and will likely have 1,500 nuclear warheads by 2035 at its current rate of production. This report from the Pentagon builds on the department’s warning last year that China is reinforcing its nuclear force […]
12/05/2022
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By Arsenio Toledo
Nearly half of all murders in the US go unsolved due to understaffed police departments
Nearly half of all murders in the United States remain unsolved due to declining staff numbers in police departments all over the country. In an investigation by CBS News, reporters quoted Thomas Hargrove, head of the Murder Accountability Project, who claimed that the chance of a murder case being solved is “a 50-50 coin flip.” “It’s […]
12/01/2022
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By Arsenio Toledo
Tech layoffs nearing levels not seen since the Great Recession
The number of people fired from Big Tech companies this year is nearing annual levels not seen since the Great Recession. The worsening economic situation in the United States has made Big Tech companies turn to mass layoffs as a way of making sure their profit margins remain stable. In November alone, more than 50,000 workers […]
12/01/2022
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By Arsenio Toledo
IMF chief wants the Federal Reserve to keep raising interest rates
International Monetary Fund Managing Director Kristalina Georgieva has told the Federal Reserve that it should not slow down its interest rate hikes, which the central bank is doing in its mistaken belief that it will tame soaring inflation. This is in response to a recent statement made by Fed Chair Jerome Powell saying the Fed […]
12/01/2022
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By Arsenio Toledo
US arms sales to Europe have SKYROCKETED since Ukraine invasion
Since Russia’s special military operation in Ukraine began in late February, the United States has capitalized on the conflict by massively increasing its arms sale to Europe. In response to the conflict so close to their borders, many European nations have rolled out plans to increase how much they spend on their militaries. Germany alone […]
12/01/2022
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By Arsenio Toledo
Chaos in China: Rushed exit from zero-COVID strategy could COLLAPSE Chinese economy
The Chinese Communist Party (CCP) is currently struggling to deal with nationwide protests over its Wuhan coronavirus (COVID-19) lockdown policies. This tumult has caused the country’s economy to drop, with Goldman Sachs warning that a rushed exit from its zero-COVID strategy could spell doom for the Asian giant. The current protest wave in China was […]
11/30/2022
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By Arsenio Toledo
World’s largest bitcoin trust refuses to share proof of reserve audit
Grayscale, the world’s largest bitcoin trust, is refusing to provide proof of reserve audit amid concerns from investors that the company may be affected by the FTX fiasco. Following the implosion of FTX earlier this month and its subsequent bankruptcy proceeding exposing the depths of the company’s mishandling of customer finances, multiple cryptocurrency companies have jumped […]
11/29/2022
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By Arsenio Toledo
Mexico considers deploying national guard troops to defend high-crime highways and put a stop to cargo theft
The government of Mexico and officials from the country’s trucking industry have proposed using National Guard troops to patrol vital freight corridors and prevent criminals from stealing precious cargo. Criminal organizations in Mexico regularly target tractor-trailers. According to the Secretariat of Security and Civilian Protection (SSCP), there were nearly 1,200 reported cargo theft incidents across Mexico […]
11/29/2022
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By Arsenio Toledo
Mississippi-based furniture manufacturer fired 2,700 workers through texts and emails days before Thanksgiving
One of the largest furniture businesses in the United States fired around 2,700 workers through texts and emails right before midnight on Nov. 21 and in the early morning hours of Nov. 22, while many were still sleeping. United Furniture Industries, based out of Mississippi, sent the messages to its workers, most of whom live in […]
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