Treasury Secretary Janet Yellen's admission that the government is picking winners and losers in the bank bailout process, particularly disadvantaging community banks, could lead to the consolidation of banking power in the hands of a few large institutions, according to critics.
Financial records reveal a $3 million wire transfer from a Chinese company to Robinson Walker, LLC, with subsequent transfers to several Biden family members, raising concerns about government ethics and the need for transparency.
An employee at Stanford University is facing felony charges after admitting that the rape allegations she leveled at a coworker last year were fabricated.
The San Francisco Board of Supervisors discussed a reparations proposal that includes a $5 million payout per black resident, which is facing criticism from the San Francisco National Association for the Advancement of Colored People.
U.S. stocks plummeted Wednesday morning after bank concerns reached European markets, while investors are warning that the banking situation could worsen after the closures of Silicon Valley Bank and Signature Bank over the weekend.
