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California unemployment fund ‘insolvent’ due to $55B fraud, businesses to pay

(The Center Square) – California’s unemployment insurance fund is “structurally insolvent” due to $55 billion in fraud and overpayment during COVID-19 crisis, leading to a growing $21 billion unemployment benefits loan from the federal government the state is unable to pay down.  While the state seeks loan forgiveness from the Acting United States Secretary of Labor, who […]

Jalen Hurts donates $200K to fund air conditioning at Philadelphia schools

Philadelphia Eagles quarterback Jalen Hurts is donating $200,000 to fund air conditioning at several schools in the Philadelphia School District. Officials announced the money will go to “improve the learning environment and comfort for students and staff” in 10 schools, Philly Voice reported. Hurts’ donation comes after Philadelphia schools were forced to close early due to high […]

L.A. Mayor Karen Bass Asks Wealthy to Fund Housing for Homeless

Los Angeles Mayor Karen Bass has implored the city’s wealthy residents to donate funds to purchase property that can be used to house the city’s growing homeless population. fox news report: “We are currently working to eliminate night rentals.” [Bass] continued. “We will use individuals, the private sector, and philanthropic funds to join us in […]

Jeff Bezos’ Earth Fund Launches $100 Million Challenge to ‘Fix’ Climate with AI

Jeff Bezos’ Earth Fund has announced a $100 million grant program called the AI ​​for Climate and Nature Grand Challenge, claiming it will harness the potential of AI in the fight against climate change and nature loss. quartz report Amazon founder and Earth Fund executive chairman Jeff Bezos announced a new initiative on Tuesday, offering […]

Johnson unveils plan to fund Israel, Ukraine in closed-door House GOP meeting

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Izzy Englander’s hedge fund sued by rival who claims trade secrets were stolen

Millennium Management, one of the world’s largest hedge fund firms, was sued Friday by rival Jane Street Group for stealing valuable internal trading strategies after two traders defected. . Jane Street said traders Douglas Schadewald and Daniel Spottiswoode were “intimately” involved in developing the strategy until they left separately to join Millennium in February. The […]