Author: Georgia McKoy
Georgia McKoy
Georgia is an experienced writer from London, England. With a passion for all things politics, current affairs and business, she is an expert at crafting engaging and informative content for those seeking to expand their knowledge of the current marketplace. Outside of work, Georgia is an avid tennis player, a regular attendee of live music shows, and enjoys exploring London’s diverse culinary scene, always on the hunt for a new restaurant to try!
Red Lobster, the familiar seafood chain, is on the hunt for a buyer to avoid the looming threat of bankruptcy, according to CNBC. The company’s struggle with hefty debt and lengthy leases is pushing it toward this drastic measure. Potential Saviors on the Horizon Source: Wikimedia Commons Despite its troubles, Red Lobster had caught the interest of at least one firm looking to buy, but no deal has been finalized yet. The chain’s future hangs in balance, with options including bankruptcy or a potential buyout. The Chapter 11 Cloud Looming Over Source: Red Lobster/Facebook Bankruptcy might still be on the…
In a breathtaking downturn, St. Louis’s real estate market has plummeted, with iconic buildings once valued at hundreds of millions now fetching sums as low as a single family home’s price. An example is the 44-story AT&T tower which sold for $3.5 million in recent times, down from its 2006 price of $205 million, a “shocking 98 percent drop in value,” according to the Wall Street Journal. Ghost Town Gloom: Downtown St. Louis Source: Brittney Butler/Unsplash The heart of St. Louis now beats quietly, its once vibrant streets lined with empty buildings and silent echoes of activity. The storied Railway…
When Dave Duttlinger spotted a dense, yellowish-brown cloud above his Indiana farm, his first thought was a grim “I told you so.” His fears about leasing land for a solar project seemed to manifest as neighbors complained about the pervasive dust invading their homes and vehicles. Fields of Panels, Not Crops Source: Wikimedia Commons About 445 acres of Duttlinger’s farmland now host a sea of solar panels. Reuters reveals that this transformation was part of a lease agreement with Dunns Bridge Solar LLC, a move that Duttlinger now regrets as he watches fertile soil blow away, leaving behind barren sand.…
The political scene is heating up as former President Donald Trump pulls ahead of President Joe Biden by six points in a new CNN national poll. Nearly half of the polled voters are throwing their support behind Trump as the election drama unfolds this fall. Crunching the Numbers Source: Wikimedia Commons Currently, 49% of voters are rallying behind Trump for the 2024 election, while Biden trails at 43%. Trump’s support has remained stable since January, whereas Biden’s has slipped from 45%, showing a tightening race as the election approaches. More Candidates, More Choices Source: Wikimedia Commons The poll shows that…
The Gateway Pundit has entered bankruptcy protection amid a flood of defamation lawsuits. Founder Jim Hoft points to “progressive liberal lawfare attacks against our media outlet” as the core reason for seeking Chapter 11—a move aimed at consolidating these challenges into a single court to streamline their resolution. A Meteoric Rise and Its Consequences Source: Wikimedia Commons MSNBC reports that The Gateway Pundit rose to fame during the 2016 election, gaining popularity with Trump supporters with its conspiracy theories. Fast forward, and now they’re facing defamation lawsuits resulting from its polarizing coverage of the 2020 election. Pushing Forward Despite Challenges…
California has recently increased the minimum wage to $20 per hour for fast-food workers in establishments part of a chain with at least 60 locations nationwide. This adjustment aims to improve living conditions in a state known for high living costs. Scott Rodrick, a McDonald’s franchise owner, finds this change challenging as he manages 18 locations in California. Fast Food Workers Get a Raise Source: Wikimedia California Gov. Gavin Newsom signed Assembly Bill 1228 to raise the minimum wage for fast food workers in September 2023. The bill also established a council to help develop rules and regulations for the…
Just a short while ago, Chipotle tried something new by launching Farmesa Fresh Eatery, a spinoff dedicated to farm-to-table bowls. They even had a clever name blend: “farm” and “mesa” (Spanish for table). But less than a year later, the Santa Monica ghost kitchen, Farmesa’s birthplace, shut down due to financial woes. Ghost Kitchens Go Bust Source: Francisco Suarez/Unsplash The closure of Kitchen United’s Santa Monica location marked the end of Farmesa’s brief life. Ghost kitchens, which sprang up as a pandemic fix for restaurants, help eateries serve delivery orders without a storefront. But as diners returned and costs rose,…
Florida Governor Ron DeSantis made headlines with a bold declaration: “Florida rejects Joe Biden’s attempt to rewrite Title IX.” It’s clear he’s not planning to back down when it comes to the Biden administration’s latest Title IX revisions aimed at protecting transgender students. What is Title IX Source: Freepik Title IX is enforced by the US Department of Education’s Office for Civil Rights. It protects citizens from discrimination based on their sex. Title IX states, “No person in the United States shall, on the basis of sex, be excluded from participation in, be denied the benefits of, or be subjected…
Last fall, a shift rocked the Golden State’s fast-food scene. Governor Gavin Newsom signed Assembly Bill 1287, which raised the minimum wage for fast-food workers up to $20 per hour. The consequences? A staggering 9,500 jobs vanished from the sector by January. That’s a 1.3% loss, in just a few months. The Ripple Effect on Delivery Drivers Source: Wikimedia Commons The ripple effects of the increased minimum wage are profound, particularly among delivery drivers at big names like Pizza Hut and Round Table Pizza. In response to soaring labor costs, these chains have begun laying off close to 1,300 drivers,…
President Biden is pushing the biggest capital gains tax increase the U.S. has seen in 100 years. His 2025 budget proposal is eyeing a top rate of a whopping 44.6% on long-term capital gains. That means in places like California, tax rates could surpass 50%. Breaking Historical Records Source: Wikimedia Commons Biden’s proposed rates would surpass all previous records, eclipsing the 40% peak seen during President Jimmy Carter’s tenure in the late 1970s. Capital gains tax rates have varied since the 1920s, often staying below 30% and sometimes falling as low as 13%. Economic Ripple Effects Source: Wikimedia Commons A…