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News & Articles By Mary Villareal
05/30/2022
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By Mary Villareal
US stocks leading the global market selloff; European financial markets holding up better (for now)
The Dow Jones Industrial Average has plunged by 12 percent year-to-date, the S&P 500 by 18 percent and the Nasdaq Composite Index by about 28 percent. Meanwhile, the United Kingdom’s FTSE 100 index went up by more than one percent, Spain’s IBEX 35 Index dipped by 0.1 percent and the Nikkei 225 Index lost seven percent. […]
05/27/2022
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By Mary Villareal
Food crisis looms: Sanctions against Russia threaten global food security
Russia’s war with Ukraine could potentially lead to millions of people going hungry as soaring food prices and unrests set off away from the conflict zone. Partly, or perhaps chiefly, to blame are the Democrat policies that short-changed the U.S. and left Americans grappling with a cost-of-living crisis with prices rising significantly faster than wages. Sanctions imposed by the […]
05/26/2022
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By Mary Villareal
US, China heaviest borrowers in first quarter as global debt soars to $305 trillion
The United States and the People’s Republic of China, the world’s two largest economies, are the heaviest borrowers in the first quarter of the year as global debt skyrocketed to $305 trillion. This was according to the Institute of International Finance (IIF). Data shows that China increased its debt by $2.5 trillion in the first quarter, […]
05/25/2022
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By Mary Villareal
Gasoline price in Los Angeles rises to as much as $7.83 a gallon – more than the federal minimum wage
Motorists in the United States are now grappling with sky-high gasoline prices that are reaching records daily. In some locations, a gallon of regular fuel is higher than the federal minimum wage of $7.25. For example, the Chevron station on Alameda St. is now charging $7.83 a gallon. California drivers are now paying more for […]
05/25/2022
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By Mary Villareal
Canada’s inflation rate reaches 31-year high; spike in grocery prices highest since 1981
Canadians who are living on government benefits are being forced to live with less as food prices soar. Canada’s inflation rate is at 6.8 percent, the highest in 31 years. Grocery prices rose 10 percent year over year, the highest spike since 1981. Stephen Jones, 56, said that by the end of the month and before […]
05/24/2022
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By Mary Villareal
Joel Salatin on Liberty and Finance: Food insurance policy could address food security concerns
Host Dunagun Kaiser and guest Joel Salatin discussed the possibility of having food insurance policies in the U.S. during the May 22 episode of “Liberty and Finance.” “These are concerning times and people need to be paying attention to where their food is coming from,” Kaiser said. Salatin, on the other hand, noted that large food […]
05/24/2022
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By Mary Villareal
Corruption in the midst of war: Ukraine unlikely to receive the promised $65 billion in Western aid
The Congress has so far approved at least $54 billion to aid Ukraine in its ongoing war with Russia. Various reports also put the amount of European Union (EU) aid at over €10 billion ($10.67 billion), although the amount is likely to be higher. But in reality, the prospect of Ukraine getting the promised aid is grim. […]
05/23/2022
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By Mary Villareal
Collapsifornia: California Gov. Gavin Newsom to mandate rationing of water, food and energy
Governor Gavin Newsom has pushed for conservation during his recent visit to a Southern California water recycling facility. The government is set to mandate water, food and energy rations, leaving Californians unable to heat or cool their houses throughout the year. They have done this rationing before in California, but it isn’t clear how bad […]
05/21/2022
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By Mary Villareal
Sri Lanka on the brink of bankruptcy, faces food, fuel and medicine shortages
Many people in Sri Lanka are facing acute food, fuel and medicine shortages as it battles one of its worst economic crises since becoming an independent nation in 1948. The economy had been hit badly by the Wuhan coronavirus (COVID-19) pandemic as tourism – one of its crucial revenue generators – came to a standstill, as did […]
05/20/2022
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By Mary Villareal
EU committing economic suicide by imposing sanctions on Russia
Members of the European Union (EU) have found themselves in a precarious position by joining the U.S. in its proxy war against Russia. An observer noted that European countries are imposing more sanctions on Russia for purely political reasons and with the U.S. applying just enough pressure. Saying no to Russian energy will mean that […]
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