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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
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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
Highly-Valued Opium Farming Banned in Afghanistan, Taliban Enforces Harsh Punishment Against Violators
On April 3, the Taliban government in Afghanistan implemented a repressive ban on the cultivation of drugs in the country. Those caught opposing the law are to be punished according to the Taliban’s interpretation of...
Joe Biden will allow E15 ethanol blended gasoline to sell in summer months to combat "Putin's price hike" and "genocide."
Biden Admin to Allow More Ethanol in Gasoline to Ease the ‘Putin Price Hike’
U.S. President Joe Biden announced that the Environmental Protection Agency (EPA) will relax a regulation preventing the sale of high-ethanol content gasoline during summer months in a bid to reduce consumer pump prices he says...
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‘Zero-COVID’ Lockdown in Shanghai Compounds Xi’s Political Dilemma
News analysis Over the past two years, cities and entirely provinces in China implemented economically and socially destructive “zero-COVID” lockdowns and other control measures to squash the virus. Shanghai, however, stuck to a milder “precise...
Oil Prices Fall 3% in Global Trade as US, China Adjust for Impact of Ukraine War
As Russia’s invasion of Ukraine continues into its second month, oil prices edged lower this week after Moscow said it would reduce military operations near the capital of Ukraine and signaled willingness in considering a...
Consumer electronics demand are down, especially in China, which amounts to half of global demand, says TSMC Chairman Mark Liu
Consumer Electronics Demand Down ‘Especially in China’ Says TSMC Chief
The head of an industry-leading semiconductor manufacturing company says consumer demand for personal electronics is waning while production costs are on the rise.  Taiwan Semiconductor Manufacturing Co. (TSMC) Chairman Mark Liu gave comments on March...
US Workers are testing positive for drugs after an accident at an exponentially greater rate than pre-employment, indicating workplace drug use.
Workplace Drug Testing Data Shows Growing Ratio of Post-accident Positives Among American Workers
A new set of data published by a leading American narcotics screening firm revealed results indicating 2021 presented a year with not only a dramatic increase in workplace drug use, but an exponential increase in...
China’s Online Retailer Firm JD.com Expands Layoffs as Economy Worsens
As Beijing’s regulators turn up the heat on a heavily saturated internet sector, adding financial pressure to tech companies already impacted by profit declines and a struggling Chinese economy. The mounting financial strain has resulted...
Japan has made an electroshock braclet that will deliver pain to Metaverse dreamers.
Japanese Startup Builds Electroshock Bracelet to Inflict Pain On Metaverse Users
A Japanese startup has created a bracelet that transfers and mimics bodily movements into virtual reality settings while also delivering to users haptic, virtually generated stimuli, such as pain. H2L, a Tokyo-based, Sony-backed startup that...
U.S. sanctions are crippling Huawei’s consumer business.
Chinese Mobile Giant Huawei Reports Decrease in Sales but Soaring Profit as Top Executive Is Released from House Arrest
Chinese telecom maker Huawei announced Monday, March 28, that despite a decrease in sales, its overall profit rose by 76 percent in 2021.The company claimed 2021 revenue of 636.8 billion yuan ($99.9 billion), down 28.6...