Feds Charge 47 Somali Immigrants with Stealing $250M in Food Aid from Children
Federal prosecutors have charged 47 Somali Muslim immigrants in Minnesota with embezzling $250 million from a coronavirus relief program meant to provide food assistance to poor children. Attorney General Merrick Garland’s office call The case is “the largest pandemic relief fraud case prosecuted to date.” “Today’s indictment describes an egregious conspiracy to steal public funds […]
Fed’s Wait-and-See on Rate Cuts Further Supported by Extra-Hot “Core Services” PCE Inflation & Hot “Core” PCE Inflation
Housing inflation refuses to cool for the eighth month, and five of the remaining seven core services accelerated further. This is not good. The core PCE price index, which excludes the volatile components of food and energy and is the inflation index the Fed is focused on, jumped by 3.9% annualized in March from February, […]
US ‘soldier of fortune’ charged in multistate crime spree after extradition from Ukraine: feds
A former Army soldier turned mercenary has been charged with murder and fraud in a crime spree spanning three states after being extradited from Ukraine by the FBI, federal prosecutors announced Monday. Craig Austin Lang, 34, a former mercenary who fought in Venezuela, Africa and Ukraine, made his first appearance in federal court on charges […]
Alex Jones sobs, screams as claims feds shutting Infowars
Conspiracy theorist Alex Jones let out a bizarre battle cry and sobbed uncontrollably as he claimed the federal government was trying to shut down his Infowars platform. The 50-year-old host continued his rant for 10 seconds after claiming without evidence that his site was under attack by federal authorities who were planning to raid his […]
Is the Fed’s Monetary Policy Still Too Loose?
R-Star Wars breaks out in public The minutes of the Federal Open Market Committee (FOMC) meeting released on May 22nd noted that “various officials” expressed concerns that interest rates might not be as tight as thought, but this was a bit of a mystery at the time. Recent comments from key figures, including the Dallas […]
Buzz: Household debt to Feds $815,788; Trump-Levin share well-done steaks
Former President Donald Trump has been widely mocked for eating steak well done and with ketchup. But he has an ally in radio talk show biggie Mark Levin. “We like our steaks well done,” Levin told Trump on his show this week. Trump laughed his food critics off. “We eat food that some people say […]
Feds Crack Down On Massive Botnet, Arrest Administrator
Federal investigators have cracked down on one of the world’s largest botnets, CBS News reported Wednesday. The botnet, known as the 911 S5 Botnet, was implicated in generating tens of thousands of fraudulent transactions and costing victims billions of dollars, according to CBS News. The botnet’s administrator, Chinese national YunHe Wang, was arrested and faces […]
Vince McMahon accuser Janel Grant pauses sex trafficking lawsuit as feds launch probe
A woman who had accused former WWE president Vince McMahon of sex trafficking and assault agreed Thursday to a pause in her lawsuit at the request of the Justice Department while the federal government conducts its own investigation. In a bombshell lawsuit filed in Connecticut federal court earlier this year against wrestling mogul McMahon and […]
Fed’s Raphael Bostic: Central bank won’t wait until inflation falls to 2% to cut rates
Federal Reserve Bank of Atlanta President Raphael Bostic talks about year-over-year inflation rates on “The Craman Countdown.” Atlanta Federal Reserve Fed Governor Raphael Bostic told FOX Business’ Liz Claman on Thursday that the central bank is unlikely to cut interest rates in July amid signs that inflation is slowing. Asked whether there was a scenario […]
Older Nissan vehicles at risk for exploding Takata air bags, feds warn
Owners of about 84,000 older Nissan vehicles in the United States that are equipped with recalled and unrepaired Takata airbags should stop driving them immediately because of safety risks, the National Highway Traffic Safety Administration said Wednesday. The agency made the announcement after the Japanese automaker on Wednesday warned car owners not to drive certain […]