Bernie Madoff victims get final $131M payout from compensation fund, bringing total to a whopping $4.3B: feds
Victims of notorious pyramid schemer Bernie Madoff have received their final payments, with total payments from the compensation fund exceeding $4.3 billion, the Federal Reserve announced Monday. The Madoff Victims Fund has begun distributing its 10th and final payment of $131.4 million to more than 23,000 victims around the world, according to the Manhattan U.S. […]
Gold (XAU) Price Forecast: Will Rising Yields and Fed’s Hawkish Stance Keep Gains Capped? – FX Empire
Weekly US Dollar Index (DXY)A stronger dollar added to the pressure on gold. The U.S. dollar index rose for the fourth straight week, driven by economic data showing continued labor market resilience. Lower-than-expected jobless claims strengthened the view that the Fed may not need to cut rates more quickly, boosting the U.S. dollar and increasing […]
Feds finally release photos showing then-VP Biden meeting son Hunter’s China biz partners — days before he leaves office
WASHINGTON — The National Archives has finally released a photo of Vice President Biden meeting with two Chinese government-affiliated business partners of his eldest son Hunter Biden, another example of the president's interactions with the family's foreign benefactors. I proved that I was lying when I said it didn't happen. A cache photo released just […]
California Democrats urge feds to approve high-speed rail funding before DOGE nixes ‘boondoggle’
Several leading California Democrats are asking the U.S. Department of Transportation to approve a request for $536 million in federal funding to help advance the state's long-awaited high-speed rail network. This funding would come from funds already generally allocated to “federal-state partnerships.”[s] Intercity passenger rail subsidies were obtained through the Bipartisan Infrastructure Act of 2021 […]
‘Orwellian’ — Rand Paul Festivus Report Shows Feds Spent Millions Torturing Cats
The US government spent millions of dollars on cat torture experiments, a compliment to American taxpayers. Sen. Rand Paul (R-Ky.) highlighted more than $1 trillion in government waste in this year's Festivus report, some of which our friends uncovered through the White Coat Waste Project. There seem to be some things related to cats. According […]
NYC comptroller asks feds to decide whether Cuomo violated health rules during deadly COVID pandemic
As Andrew Cuomo seeks a return to politics, one of his Democratic rivals is now asking federal officials to review a controversial edict the former governor imposed on nursing homes at the height of the pandemic. City Comptroller and mayoral candidate Brad Lander said Cuomo's infamous March 25, 2020 order requiring nursing homes to accept […]
Male who allegedly burned woman to death on subway train is illegal alien deported under Trump, feds say
The suspect who set a woman on fire on a New York City subway train was an illegal alien who was deported during former President Donald Trump's administration, the Department of Homeland Security said. police said They reviewed surveillance video of the incident, which occurred at 7:30 a.m. Sunday. The suspect, who had no previous […]
Coast Guardsmen miffed after feds question drone encounter
Barnegat Light, New Jersey has a very irate coast guard. Federal authorities have ignored U.S. Coast Guard officials' accounts that the 47-foot-long rescue vessel was tracked by a squadron of 12 to 30 drones while patrolling the Atlantic Ocean earlier this month, even though it witnessed the incident. The reaction of the sailors was not […]
Fed’s preferred inflation gauge came in less than expected
Kenny Porcari, chief market strategist at Slate Stone Wealth, talks about his “anxiety” over President Trump's anticipated Bernie & Co. tax cuts. The Fed's gauge of inflation fell below expectations in November but remains above the central bank's target level as it continues its efforts to rein in inflation. The Commerce Department said Friday that […]
Feds raid migrant Tren de Aragua gang house in NYC — after tracking GPS ankle monitor to hideout
Federal agents captured the immigrant Tren de Aragua gang barricaded in a Bronx apartment after tracking one of their ankle monitors to their hideout, sources told the Post. . Seven gang members were handcuffed during the Dec. 5 attack on an apartment building on the edge of Crotona Park, including a 28-year-old Venezuelan man who […]