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Tag: recession

Toronto University students live in homeless shelters because they can't afford rent amid the housing bubble
33% of Toronto Homeless Shelter Residents are Students Who Can’t Afford Rent
A third of all residents in one Toronto-area homeless shelter are students who are unable to afford rent...
UK Grocers are dropping best before dates in an effort to reduce costs amid the cost of living crisis
UK Grocers Doing Away With ‘Best Before Dates’ Amid European Crisis
As every type of economic calamity hits Europe, such as droughts and excruciatingly high energy prices...
20% of US households are past due on utility bills.
Almost 20% of US Households Past Due on Utility Bills
Nearly a fifth of American households are past due on utility bills, states an NGO, as the world enters...
A UK Supermarket chain launched a microloan program to keep business going amid inflation.
UK Supermarket Starts Issuing Microloans to Pay for Groceries
British supermarket Iceland has introduced a — for the time being — interest free microcredit system...
The chipmaking industry is set to be hit with a major downturn as demand from the middle class vanishes in inflation.
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...
Europe's Rhine River is down to 1.5 feet amid record drought, affecting the shipment of energy and food.
Rhine River Just 1.5 Feet Deep in Some Areas as Heatwave Scours Europe
The Rhine River, a major thoroughfare via Germany that connects the Netherlands, France, and Austria,...
India has lost extensive swaths of its rice crops due to drought this year.
India, 40% of Global Rice Exports, Has Lost 13% of 2022’s Crops to Drought
As the global food crisis continues to accelerate, India, the world’s largest trader of rice, has lost...
A new UK utilities payment boycott protest has hit 90,000 supporters.
UK Utilities Payment Boycott Protest Garners 90,000 Supporters
A recently organized UK protest movement claims more than 90,000 people have pledged to stop paying their...
Shoplifting and violent crime are trending as inflation and the cost of living spiral higher.
Shoplifting and Violent Crime on the Rise as Cost of Living Spirals Out of Control
Violent crime and shoplifting have been on the rise in the U.S. since the onset of the Coronavirus Disease...
After the crypto crash, luxury watches are flooding the secondhand market as speculators scramble for money during the crypto collapse.
Luxury Watches Flood Secondhand Market After Crypto Crashes
In 2022, after digital currencies such as Bitcoin and Ethereum endured an unprecedented and sustained...
40 Percent of Americans say they have no money to save even if they wanted to amid inflation.
Thanks, Inflation. 40 Percent of Americans Have No Money to Save, Even if They Want to
Although Federal Reserve Chairman Jerome Powell told reporters on July 27 after the Federal Open Market...
35 percent of US truckers say 2022 is set to be a "drastically" less profitable year than 2021, primarily because of fuel prices.
35% of Truckers Say 2022 Will Be ‘Drastically’ Less Profitable Because of Fuel Prices: Survey
Owner-operators of trucking companies are not feeling particularly optimistic in their outlook as to...