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News & Articles By Ramon Tomey
10/28/2021
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By Ramon Tomey
Gold prices projected to hit $3K per ounce within a few months – analyst
Market experts have predicted that gold prices will hit the $3,000 mark within a few months. The prediction comes as prices of gold remain stable while prices of other metals soar to highest levels in years. With the projected price hike, gold is set to be impacted by inflationary pressure. Bloomberg reports that two mining bigwigs […]
10/26/2021
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By Ramon Tomey
Pork industry pundits lay out effects of labor shortages on supply chain
Two pork industry experts have laid out the effects of labor shortages on the supply chain, saying that vaccine mandates by the Biden administration only add fuel to the fire. If the issues are not resolved soon, they warn that everything will collapse just like Jenga blocks. Dennis DiPietre and Lance Mulberry made this warning […]
10/25/2021
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By Ramon Tomey
Supply chain woes claim another victim: London Stock Exchange Group braces for tech-related shortages
The London Stock Exchange Group (LSEG) has warned that supply chain shortages could affect the timing of its technology-related expenditures. The exchange’s warning comes amid its acquisition of data platform Refinitiv following a steady third quarter. It also follows shortages of much-needed microchips, which play a key role in technological expansion. While there was no change to previous cost […]
10/25/2021
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By Ramon Tomey
Heartland Express predicts freight demands to increase until 2022
Iowa-based trucking company Heartland Express predicts that demands for freight trucking will continue to increase this year until 2022. The company has also predicted that the current labor shortages affecting many industries will continue well into next year. Heartland Express CEO Mike Gerdin made the prediction in an Oct. 14 press release. He says: “Freight demand has […]
10/22/2021
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By Ramon Tomey
Expert: “Panic” ordering by retailers contributing to supply chain woes
The ongoing supply chain crisis has affected stocks of different products worldwide. Experts cite several contributing factors that worsen the issue such as port congestion and energy shortages. Now, another factor they mention – panic ordering by retailers – appears to make the crisis worse than it already is. One expert in particular says that […]
10/20/2021
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By Ramon Tomey
Flooding in West China submerges villages, destroys crops
Heavy flooding has caused significant damage in China’s Shaanxi province, submerging homes and affecting many villages and residents. Persistent downpour led to the Luo River overflowing, which has also affected agriculture in the area. Local farmers in the province lament that the flooding has compromised both harvests and livestock. According to the Epoch Times, continuous rains for […]
10/19/2021
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By Ramon Tomey
Beef and chicken set to become luxuries as inflation pushes food prices ever higher
Most people consider beef and chicken as the primary sources of protein in their diets. However, inflation and the resulting spikes in food prices threaten to put an end to this concept as steaks and chicken may soon become luxury products. Author Michael Snyder writes that the steadily rising prices of meat appear to be a […]
10/19/2021
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By Ramon Tomey
Walgreens shutters 5 more San Francisco branches due to “ongoing organized retail crime”
Drugstore chain Walgreens has recently announced the closure of five more stores in San Francisco. The company confirms to KCBS 106.9 that the stores will close in November due to “ongoing organized retail crime.” Walgreens says customers who need their prescriptions filled will be redirected to other branches near the affected locations. “Organized retail crime continues […]
10/18/2021
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By Ramon Tomey
Labor and energy shortages: The cracks in the economy are showing
The Wuhan coronavirus (COVID-19) pandemic has had a negative impact on the U.S. at large. However, an impending economic collapse – with the economy showing signs of it – is threatening to make things worse. The recent shortages in manpower and energy reported in various parts of the world can attest to this. Southwest Airlines […]
10/15/2021
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By Ramon Tomey
Aluminum prices jump to 13-year high; extreme power requirements for manufacturing prompts China to halt production
Prices for aluminum have risen to a 13-year high amid the ongoing energy shortages worldwide. These energy shortages across China have resulted in China’s halting of aluminum production, given the extreme energy inputs required to purify and manufacture aluminum. China’s move carries repercussions for many other industries that use processed aluminum for their products. Aluminum’s price […]
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