Another large retail chain has closed its doors as the U.S. economy continues to struggle. Bob’s Stores, a discount clothing retailer, is going out of business. All of its locations,…
bidenomics
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MoneyNewsPolitics
Walgreens Pharmacy Plans Hundreds of Store Closures Amid Economic Struggles
by J Pelkeyby J Pelkey“Build Back Better.” Walgreens is the latest casualty under the current administration, which has allows crime to flourish and inflation to soar. According to The Wall Street Journal, Walgreens will…
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NewsPolitics
Build Back Better! Iconic Hollywood Arby’s Restaurant Closes After 55 Years, Partly Due to $20 Minimum Wage
by J Pelkeyby J PelkeyOne of Hollywood’s most iconic restaurants has permanently closed its doors. The Arby’s Roast Beef franchise in Hollywood, California, which had been in operation for 55 years, shut down on…
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MoneyNews
Tupperware to Close Its Last Remaining Factory In the U.S. and Transferring All Production to Mexico
by J Pelkeyby J PelkeyTupperware has announced that it will close its last remaining American factory later this year. The company, which employs over 10,000 people globally, will shut down its last production facility…
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The Federal Deposit Insurance Corporation (FDIC) recently reported that 63 banks are on the verge of insolvency. This alarming disclosure highlights the fragility of several financial institutions amid economic uncertainties.…
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Money
Red Lobster Abruptly Closes 50 Restaurants in 27 States – Planning to File Chapter 11 Bankruptcy Next Week
by J Pelkeyby J PelkeyThe popular seafood restaurant chain Red Lobster has announced the closure of dozens of its locations across 27 states amid financial difficulties. Over 50 locations are slated for closure, with…
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MoneyPolitics
Bad News for Biden Campaign: GDP Drops Lower Than Expected in First Quarter, Inflation Rises to 3.7%
by J Pelkeyby J PelkeyThe projected GDP growth of 2.4% starkly contrasted with the disappointing actual increase of only 1.6%. These lower-than-expected growth numbers come amidst a backdrop of rising inflation. Inflation rose to…
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MoneyPolitics
Bidenomics: U.S. Car Owners Falling Behind on Auto Payments at Highest Rate On Record – Mass Repossessions Loom
by J Pelkeyby J PelkeyNew data reveals the challenges American consumers face in keeping up with their financial obligations, particularly concerning their auto payments. In September, the rate of subprime interest rate borrowers falling…
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Politics
Joe Biden Gives Negative and Divisive Labor Day Speech – Trashes Trump and Lies About “Bidenomics” [Video]
by J Pelkeyby J PelkeyOn Monday, Joe Biden paused his Rehoboth Beach vacation briefly to visit Philadelphia and deliver a negative and divisive Labor Day speech to Sheet Metal Workers Local 19. During his…