The U.S. real estate market was already tough for prospective buyers, who have faced double-digit price increases and cutthroat competition for listed properties. Now they are facing another challenge as rising mortgage rates add to the affordability squeeze. The average mortgage rate jumped to 4.42% for the week ended March …
Read More »Billions in stolen crypto. Oligarchs’ illicit assets. Financial crime is more complex than ever — and investigators say they need help to keep up
In its more than 100-year history, the IRS criminal investigation unit has helped put away the likes of Al Capone and John Gotti. It is the nation’s sixth-largest federal law enforcement agency and the only one authorized to investigate federal criminal tax violations and pursue related financial crimes, such as …
Read More »Biden signs spending bill that includes $13.6 billion in Ukraine aid
President Biden has signed a $1.5 trillion spending bill that funds the government through September and includes $13.6 billion in aid to Ukraine, as it fights off Russia’s invasion. The president signed the legislation Tuesday, after the Senate passed it late Thursday night by a 68-31 margin. The financial assistance …
Read More »Starbucks’ Howard Schultz returning as interim CEO as current chief Kevin Johnson steps down
Starbucks on Wednesday said CEO Kevin Johnson is stepping down after five years at the helm of the coffee chain, a period when the company dealt with challenges including a backlash after a racial bias incident and a worker push to unionize. Former CEO Howard Schultz will step in as …
Read More »More than 29 million reports of suspected child sexual exploitation in 2021, nonprofit center says
Since the pandemic, children have been relegated to laptops and phones for school, clubs, and activities. That meant a lot more time in front of screens—and online predators have tried to follow them there. The nonprofit National Center for Missing & Exploited Children operates a clearinghouse for tips of child online …
Read More »Sherri Papini, California woman whose disappearance set off 3
A Northern California woman whose disappearance and mysterious reappearance set off a frantic three-week search more than five years ago was arrested Thursday on charges of lying to federal agents about being kidnapped and defrauding the state’s victim compensation board of $30,000. Sherri Papini, 39, of Redding, was found on …
Read More »You’ve heard of the metaverse. Here’s what it looks like.
The metaverse is a 3D social network. Instead of a profile, you have an avatar, and so do your friends. Instead of a news feed, you have social hubs where people gather to share news, gossip and play games. Although the virtual environment is cartoon-like, for Kiernan Pearce the metaverse …
Read More »This week on “Face the Nation with Margaret Brennan,” February 27, 2022: Cheney, Greenfield, Clyburn, McMaster, Malpass
“Face the Nation” Guest Lineup: Representative Liz Cheney – (R) Wyoming Linda Thomas Greenfield – United States Ambassador to the United Nations Representative James Clyburn – (D) South Carolina, House Majority Whip Lieutenant General H.R. McMaster (Ret.) – Former National Security Adviser David Malpass – President, World Bank Group How …
Read More »Congressman Jim Hagedorn of Minnesota dies at 59
Republican Congressman Jim Hagedorn of Minnesota has died, his wife announced in a Facebook post Friday morning. He was 59. His wife, former Minnesota GOP chairwoman Jennifer Carnahan, said in the post he “passed away peacefully” Thursday night. Hagedorn announced his kidney cancer had returned in July 2021. In January, …
Read More »Former Los Angeles Angels employee Eric Kay convicted in Tyler Skaggs’ overdose death
A former Los Angeles Angels employee was convicted Thursday of providing Angels pitcher Tyler Skaggs the drugs that led to his overdose death in Texas. Eric Kay was convicted on one count each of drug distribution resulting in death and drug conspiracy, and faces up to life in prison when he …
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