Category: Economic Collapse

Business as Usual? Walgreens plans to close 200 U.S. stores, according to new SEC filing. CVS has already closed 46 locations this year.

Business as Usual? Walgreens plans to close 200 U.S. stores, according to new SEC filing. CVS has already closed 46 locations this year. Kelly Tyko, USA TODAY | Updated 9:11 p.m. ET Aug. 6, 2019 Walgreens plans to close approximately 200 U.S. stores, the company announced Tuesday in an SEC […]

Business as Usual? California’s largest recycling business closes, 750 laid off. RePlanet closed all 284 of its centers. The move came three years after RePlanet closed 191 of its recycling centers and laid off 278 workers.

Business as Usual? California’s largest recycling business closes, 750 laid off. RePlanet closed all 284 of its centers. The move came three years after RePlanet closed 191 of its recycling centers and laid off 278 workers. Associated Press•August 5, 2019 SAN JOSE, Calif. (AP) — California’s largest operator […]

Economist-in-Chief’ says U.S. Federal Reserve ‘too proud to admit mistake.’ Says Fed must cut rates “bigger and faster.”

‘Economist-in-Chief’ says U.S. Federal Reserve ‘too proud to admit mistake.’ Says Fed must cut rates “bigger and faster.” Reuters•August 7, 2019 WASHINGTON (Reuters) – U.S. President Donald Trump said on Wednesday the U.S. Federal Reserve must cut rates “bigger and faster” for the United States to be competitive […]

Business as Usual? Dollar falls on rising fears trade war will hit U.S. growth. Chances a protracted trade war could lead to ‘recession’ are rising.

Business as Usual? Dollar falls on rising fears trade war will hit U.S. growth. By Kate Duguid Reuters•August 12, 2019 NEW YORK, Aug 12 (Reuters) – Increasing expectations that the U.S.-China trade war will impact American economic growth pushed the dollar lower on Monday. In overnight trade the […]