Federal watchdog says pandemic unemployment benefits fraud could exceed $45 billion

CNN – About $45.6 billion in pandemic unemployment benefits may have been fraudulently paid to criminals between March 2020 and April 2022, the U.S. Department of Labor’s Office of Inspector General said in a statement. note Thursday. It’s the latest report to identify widespread schemes to steal money from a variety of federal relief programs. … Read more

Gates Foundation urges UN and honors inspiration as goalkeeper | Health, medicine and fitness

By Thalia Petty, Associated Press New York (AFP) – Bill Gates and Melinda French Gates combined distinctive optimism with sobering questions about persistent gender inequality and hunger at an event focused on reaching global development goals, held by the Gates Foundation on the sidelines of the United Nations General Assembly. Bill Gates made the case … Read more

Why ‘quantitative tightening’ is the key card that can plunge the stock market

QE has been credited with generating stock market returns and boosting the values โ€‹โ€‹of other speculative assets by flooding the markets with liquidity as the Federal Reserve raised trillions of dollars in bonds during the 2008 financial crisis and the coronavirus pandemic in particular. Investors and policy makers may underestimate what happens when the tide … Read more

Bad news for stocks: The Fed will be surprised by how much higher interest rates will affect the economy, says BlackRock

Federal policymakers are about to surprise themselves โ€” and not in a good way when it comes to stocks and other assets viewed as risky, according to analysts at the BlackRock Investment Institute. BlackRock argued that investors are dealing with a “system shift” as the COVID-19 pandemic upended an unusual period of moderate fluctuations in … Read more

McIlroy prepares to leave LIV golfers at Wentworth | Health, medicine and fitness

Written by Doug Ferguson – AP . Golf Writer ATLANTA (AFP) – Rory McIlroy set the tone for a controversial week at Wentworth for the BMW PGA Championship when he thought of the 18 players from Saudi-funded LIV Golf who entered the main event of the European Tour. In his press conference Sunday after Winning … Read more