Report: Federal government preparing litigation blitz against Amazon
The Biden administration is nearing the start of a multi-pronged litigation blitzkrieg against Amazon. Politico Reported on Monday. Mergers, antitrust issues, and privacy concerns are all on the table as the Federal Trade Commission reportedly prepares to take on one of America’s most formidable tech giants. The agency has been investigating Amazon for possible violations […]
First Republic Bank Rescue Package Seems ‘Corporatist and Deal-Based Between the Government and Big Banks’
In an interview televised on Friday’s broadcast of Bloomberg’s “Wall Street Week,” Harvard professor, economist, director of the National Economic Council under President Barack Obama and Secretary of the Treasury under President Bill Clinton Larry Summers said the First Republic Bank bailout would be: It was not an objective private-sector assessment to give credence to […]
SVB Collapse, Inflation Are ‘the Result’ of Government Spending
On Friday’s broadcast of HBO’s “Real Time,” host Bill Maher said the collapse of the Silicon Valley Bank (SVB) was “related” to massive deficit spending during the coronavirus pandemic and was “a consequence.” said it is. They have been very generous during COVID,” which is “much of what caused inflation.” Because “you can’t put $6 […]
Janet Yellen Admits Government Choosing Bank Bailout Winners and Losers
Treasury Secretary Janet Yellen admitted Thursday to the US Senate that the government is picking winners and losers in the rigged bank bailout lottery. And, in case you didn’t know, the loser certainly looks like the small community bank that big banks (and Democrats) want to get rid of. Oklahoma Republican Senator James Lankford asked […]
Illinois mother unable to claim son on taxes as government claims he’s dead
It’s tax season —And as any American knows, the process doesn’t always come with complications. But for one mother in Illinois, the process is particularly difficult because the federal government claims her son is dead, which she claims on her tax return. The strange situation began five years ago when the boy’s father died, Elgin […]
U.S. Government Pushing Big Banks to Aid First Republic
The latest efforts to stem the confidence crisis that has rocked the banking industry may include team efforts by some of the largest US banks, according to the report. of wall street journal JPMorgan Chase is reportedly working with Citigroup, Bank of America and Wells Fargo to provide a lifeline to First Republic Bank.of journal […]
UK Bans China’s TikTok from Government Mobile Phones
China-developed video-sharing app TikTok has been “immediately” banned from UK government devices, citing “certain risks”. The UK banned TikTok on “devices of government companies” on Thursday, a parliamentary statement said. Government spokesman Oliver Dowden said the ban would not extend to private cell phones for ordinary citizens or government ministers, but stressed that individuals should […]
COVID testing company faked tests, threw samples away while taking $83 million in government funding, says DOJ
A co-owner of a Chicago, Illinois company has been accused of defrauding the U.S. government of money through a fraudulent COVID-19 testing scheme. ABC News report Laboratory Elite co-owner Zishan Alvi, 44, fraudulently planned a refund for providing a PCR test and a 15-minute rapid antigen test after lying about his results. The scheme was […]
Government fear-mongering over Silicon Valley Bank — and how to profit
A week ago, traders were pricing in a 50 basis point rate hike by the Fed at its March 22nd meeting. Now, I don’t know what the Fed will do after the fear of bank failures. But whatever the Fed does should be more confusing than cool. Treasury Secretary Janet Yellen — Government Finance’s Anthony […]
Willow Project to deliver jobs, billions in government revenue
Alaska Gov. Mike Dunleavy says the state is investigating whether Biden has the authority to wind down the Willow Oil Project. Biden Administration Approval oil drilling work Known as the Willow Project despite opposition from environmental groups, the project is expected to bring significant benefits to Alaska’s economy and billions of dollars in government revenue. […]