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News & Articles By Kevin Hughes
10/04/2022
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By Kevin Hughes
125 People dead, over 100 injured in Indonesia soccer stadium riot
In one of the worst stadium tragedies in the world, at least 125 people were killed and more than 100 were injured during a soccer riot in Malang, Indonesia on Saturday night, October 1. The chaos started just after the game between host Arema Football Club and Persebaya Surabaya. Arema lost to Persebaya, 3-2. A police […]
10/04/2022
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By Kevin Hughes
Crypto founder linked to $60 billion token collapse says he is NOT HIDING after Interpol issues arrest warrant
Do Kwon, the South Korean founder of cryptocurrency company Terraform Labs, insisted that he is not running away from the country’s authorities. His insistence followed the prosecutor’s office of South Korea accepting an international arrest warrant from the International Criminal Police Organization (Interpol). Kwon’s firm was responsible for the stablecoin TerraUSD and its sister crypto […]
09/30/2022
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By Kevin Hughes
US facing natural gas shortage due to record LNG exports to Europe
America’s domestic natural gas consumption is being threatened by record liquefied natural gas (LNG) exports to Europe. According to a study by Reuters, shale producers in the U.S. are struggling to address the rising demand for domestic and international natural gas. Shale producers account for the bulk of U.S. natural gas output. With the winter season fast […]
09/30/2022
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By Kevin Hughes
Bank of America: US unemployment will climb to 5.6% by end of 2023
Unemployment in the U.S. will rise to 5.6 percent by the end of 2023, warned Bank of America (BofA). Its prediction followed Federal Reserve officials who expressed belief that the central bank’s interest rate target will approach five percent next year. A research note from BofA’s U.S. economics team headed by chief economist Michael Gapen […]
09/30/2022
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By Kevin Hughes
US retailers CANCELING orders worth billions of dollars before the holidays as consumer demand plummets
Major retailers in the U.S., such as Walmart and Target, are canceling billions of dollars in orders ahead of the holiday season. Last year’s holiday season saw the global supply chain being unable to meet the demand. A different issue is shaping up this year. Journalist Michael Snyder pointed out that “all of a sudden, […]
09/29/2022
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By Kevin Hughes
Campaigns for 2022 midterm elections on track to become MOST EXPENSIVE EVER
Nonpartisan ad tracker AdImpact and campaign finance data revealed that the 2022 midterm elections could become the most expensive ever with more than $6.4 billion being spent in television, radio and digital ads for the House, Senate, gubernatorial and local races so far. This already exceeds both the 2018 and 2020 election cycles, as reported by […]
09/28/2022
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By Kevin Hughes
Electric bills surge across America as winter approaches
American utility customers already facing some of their biggest bills in years are slated to pay more this winter as natural gas prices continue to soar. The price of natural gas has more than doubled this year due to the worldwide supply shortage made worse by Russia’s invasion of Ukraine. It is likely to remain high for […]
09/22/2022
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By Kevin Hughes
Gas prices to rise after midterms as Biden ends raid on national oil reserve
Gas prices are set to rise after the November 2022 midterm elections, coinciding with the end of President Joe Biden’s raid on the Strategic Petroleum Reserve (SPR). During a Sept. 12 speech, Biden touted how his administration is making progress on handling inflation even as Americans continue to cope with rising food and gas prices. “The price […]
09/20/2022
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By Kevin Hughes
Energy collapse: First blackout simulation in German district predicts 400 deaths in 96 hours
A blackout simulation conducted in a German district showed that 400 deaths could occur in a span of three days alone. The simulation highlighted the dangers of a worsening energy collapse, the opening salvo of which Germany has faced. The western Rheingau-Taunus district became the first of 401 German districts and urban districts to undergo a simulation, […]
09/12/2022
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By Kevin Hughes
OPEC+ cuts oil production by 100K barrels per day amid dropping oil prices, stoking fears of global recession
The Organization of the Petroleum Exporting Countries (OPEC) and its associated producers announced Sept. 5 that they will decrease oil production by 100,000 barrels per day (bpd). The decision to slash production came amid worries of plunging oil prices and a global recession. In a media release, OPEC and its partners under the OPEC+ banner […]
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