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News & Articles By Cassie B.
08/15/2022
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By Cassie B.
Russia’s current-account surplus triples, but GDP is dropping
Russia’s current-account surplus has more than tripled over last year after hitting record levels during the Ukraine invasion. The current-account surplus, which refers to the positive current account balances a country possesses, is considered the broadest measurement of investment and trade flows as it indicates they have more exports than imports of goods and services. […]
08/12/2022
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By Cassie B.
Devastating fire at historic Oregon flour mill causes more flour supply interruptions
A historic flour mill in Oregon owned by the nation’s biggest independent flour milling company has been completely destroyed by a fire. Authorities are describing the Grain Craft mill in Pendleton as a total loss after a small fire that began on Tuesday afternoon reignited early Wednesday morning while the building was empty, fully engulfing […]
08/03/2022
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By Cassie B.
Transportation DISASTER: CoreFund Capital closure leaves trucking companies unable to pay their drivers or buy fuel
Small business truckers who rely on CoreFund Capital for factoring their accounts receivable are now struggling to stay in business following the abrupt closure of the company. Factoring companies purchase outstanding invoices from companies with slower-paying customers to provide them with immediate cash flow. CoreFund offers same-day factoring to trucking companies throughout the nation to […]
08/02/2022
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By Cassie B.
Baby formula crisis deepens as nationwide out-of-stock rate hits 30%
The baby formula crisis in the U.S. continues to get worse as 30 percent of all infant milk brands are now out of stock – and frustrated parents are upset with President Biden, whose claims of making formula more accessible are not making any difference. The hardest-hit states are Wyoming and Arizona, where out-of-stock rates […]
07/31/2022
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By Cassie B.
Germany bails out its top importer of natural gas in $15bn rescue deal
Germany has agreed to bail out embattled energy company Uniper with a $15 billion rescue deal. Uniper is Germany’s biggest importer of gas, and it has been hit hard by the severe reduction in flows of natural gas from Russian pipelines. This has led to soaring prices in Europe’s largest economy. Under the package, the […]
07/17/2022
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By Cassie B.
Car theft has been effectively decriminalized in London as less than 1% of London car thieves face any legal repercussions
The crime of theft from vehicles is being handled so poorly by police in London that it has effectively become decriminalized, according to reports. An analysis of Home Office data carried out by The Telegraph revealed that Scotland Yard only solved 271 out of 55,000 thefts in the city last year, which means their success […]
07/04/2022
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By Cassie B.
Major crypto hedge fund Three Arrows Capital files for bankruptcy and fires 25% of workforce as crypto implosion spreads
The news for cryptocurrencies keeps getting worse as Three Arrows Capital (3AC), a major cryptocurrency hedge fund, plunges into bankruptcy and fires 25% of its workforce. Rumors that the embattled fund was in trouble started gaining steam early last month, and it was hit hard by the collapse of the Terra crypto and other issues. […]
06/23/2022
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By Cassie B.
Lake Mead approaching dead pool status as Western lakes’ water levels hit historic lows
Water levels in Lake Mead reached historic lows this week, with a measurement of 1,044.03 feet marking its lowest reading since the lake was first filled 150 years ago. This places the country’s biggest reservoir in the worrying position of approaching “dead pool” status, which occurs when the reservoir becomes so low that water is […]
06/22/2022
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By Cassie B.
Bad weather is damaging crop planting prospects for South Dakota farmers
Many South Dakota farmers have fallen significantly behind schedule on their planting, thanks to rains and flooding seen in parts of the state. The heavy rains that struck in the middle of a lengthy drought have left many farm fields in the state soaked and rendered them inaccessible to farm equipment. Adding to their woes, […]
06/08/2022
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By Cassie B.
Biden agrees to send longer-range missiles but warns Ukraine not to strike Russia
President Joe Biden has announced that the U.S. is sending longer-range missiles to the Ukraine to help its forces fight against Russian invaders. The move is being interpreted by some as a sharp turnaround from his earlier vow that the U.S. was “not going to send to Ukraine rocket systems that can strike into Russia,” […]
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