Inspectors General from the Labor Department, Treasury Department, and Small Business Administration (SBA)testified on Covid-19 relief funding to the House Oversight Committee, stating that billions of dollars were lost through "fraud" and "waste" in what was "the biggest fraud in a generation."
An audit has revealed that over 42,000 federal employees have repeatedly failed to file their taxes, owing $1.5 billion in unpaid taxes, with the IRS having little ability to punish them.
Adidas has warned that it could experience its first annual loss in 31 years, with the sportswear company projecting a full-year operating loss of 700 million euros, or $739 million, for 2023.
Anonymous U.S. officials suggest that a pro-Ukrainian group is suspected to have been responsible for the September 2022 bombing of Nord Stream pipelines, according to The New York Times, although it is unclear who directed or paid for the operation.
The Department of Justice sued to block JetBlue’s proposed $3.8 billion acquisition of Spirit Airlines, a deal that the Biden administration says would mean “higher prices and fewer choices” for Americans who rely on low-cost air travel.
Since the racial reckoning triggered by the death of George Floyd in the summer of 2020, corporations have opened their checkbooks and flashed their woke credentials.
