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FINANCE

Chipmakers Facing Dark Days as Middle Class Suffers

The chipmaking industry has finished its boom and is heading towards a potential bust as the middle class, which serves as the engine for much of the sector’s demand, suffers
The chipmaking industry is set to be hit with a major downturn as demand from the middle class vanishes in inflation.

Last Year’s Heatwave Brought a Potato Shortage to This Year’s Idaho

The consequences of massive ecosphere disaster, such as prolonged droughts and high temperatures caused by curious heat domes, on the food supply are finally rearing their heads at U.S. grocers.
Idaho's 2022 potato shortage is the fruit of 2021's record heat dome-caused droughts.
US Auto Industry Drops 100,000 Vehicles From Production in a Single Week Due to Chip Shortages
The US auto industry dropped 100,000 vehicles from production the week of Aug. 8 due to the long standing chip shortage crisis
Comment: ‘Deglobalization’ Is Coming. Here’s What We Should Expect
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Atlanta Stadium Trials Biometric Facial Recognition Systems
Biometric fail recognition systems have made landfall at the Mercedes-Benz Stadium in Atlanta, Georgia.
New IRS Revenue Will Come From Businesses Earning Less Than $200K: Tax Experts
IRS-Audits-Inflation-Reduction-Act-Getty-Images-564107377
10,000 Millionaires Expected to Leave China This Year–And Take $48 Billion With Them: Report
Bulk of Funding Slated for ‘Small Businesses’ Actually Went to Big Corporations and Other Countries: Watchdog Report
China’s New COVID-19 Outbreak Risks Worsening Shipping Crisis
In May, the Chinese province of Guangdong saw a sudden outbreak of a new wave of COVID-19 infections which forced authorities to shut down businesses and districts to try and contain the virus. The outbreak...
China is spending millions to publish pro-communist content through U.S. media outlets. In the image, a newspaper consumer reads a copy of China's Africa edition of its daily newspaper in front of a news stand in the Kenyan capital on December 14, 2012.
US Media Accepting Millions to Publish China’s Propaganda, Justice Department Warns
Multiple American agencies have accepted millions of dollars from China Daily, a Chinese state-run news agency, to publish Beijing's propaganda. The information, revealed in a recent disclosure filed with the Department of Justice (DoJ), lends...
U.S. Proof Silver Eagle bullion coin. Physical silver shortage is a widespread phenomenon as demand is outpacing supply in a chaotic world.
US Mint Backtracks on ‘Global Silver Shortage’ Claims, Stoking Supply Fears
On May 27 the United States Mint sent an email to customers that greatly alarmed silver bulls and proponents of a long-standing theory the world’s reserve currency, the Federal Reserve-printed U.S. fiat dollar, would soon...
China’s economic growth is being threatened by a new “lying flat” movement among young citizens. Shoppers wait in line outside a Chanel store at a mall on April 18, 2021 in Beijing, China.
Growing ‘Lying Flat’ Movement Threatens to Derail China’s Ambitions
A growing sentiment in mainland China known as “lying flat” is threatening Beijing’s political and economic ambitions, adding further tension to an already volatile socioeconomic situation. “Lying down” or “lying flat” is a form of...
Enbridge and opposing parties are engaged in disputes over the company’s decision to continue Line 5 pipeline operations.
Enbridge Defies Michigan Order, Line 5 Pipeline Dispute Continues Despite Passed Deadline
A deadline to suspend operations of Enbridge's Line 5 pipeline, imposed by Michigan Governor Gretchen Whitmer (D-MI), has come and gone, leaving the controversial pipeline still operating and in legal limbo. Energy giant Enbridge, headquartered...
China is seeking closer ties with U.S. state governments in a bid to circumvent the federal government.
China Pursues Subnational State Deals to Circumvent the US Federal Government
Chinese state-run Global Times recently published an article that hailed American state governments and Chinese provinces for “seeking to boost subnational economic and trade cooperation” via subnational deals amidst “tense bilateral ties” triggered by “Washington’s...
2019-Jeep-Cherokee
Jeep Wrestles With Global Semiconductor Shortage; 1,600 Additional Layoffs at Illinois Plant
The worldwide semiconductor shortage has hit Jeep Cherokee’s U.S. manufacturing arm hard, forcing the company to lay off an additional 1,600 Illinois employees as they struggle with the fallout from the global crisis.  Stellantis, previously...
construction is a large part of infastructure
Biden Will ‘Change Course’ on Infrastructure Plan If GOP Does Not Support: White House Advisor
White House advisor Cedric Richmond recently stated that President Joe Biden might consider other options for implementing his proposed infrastructure bill if it does not get the bipartisan support needed to get it passed. The...
An array of dishes served at the table of a restaurant in China.
China’s New Law Against Food Waste
A food waste regulation, first proposed by China’s National People’s Congress (NPC) in December, was passed into law at the end of April. The new law will fine food caterers for excessive food wastage and...