WORLD


Jesse Eisinger, Jeff Ernsthausen  and   Paul Kiel (ProPublica) 02 March 2022
This story was originally published by ProPublica.   Last year, ProPublica began publishing “The Secret IRS Files,” a series that has used a vast trove of never-before-seen tax information on the wealthiest Americans to examine their tax avoidance maneuvers.   Since then, the...

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Moneylife Digital Team 01 March 2022
A federal grand jury in San Diego charged Satish Kumbhani, founder of BitConnect, with orchestrating a global Ponzi scheme. He is accused of conspiracy to commit wire fraud, commodity price manipulation, operation of an unlicensed money transmitting business, and conspiracy to commit...

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IANS 24 February 2022
Russian President Vladimir Putin on Thursday announced a military operation in eastern Ukraine's Donbas region, which the authorities in Kiev have described as a "full-scale invasion".   Donbas comprises the rebel regions of Luhansk and Donetsk which were declared as independent...

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Steven Lee Myers  and   Paul Mozur (The New York Times)  and   Jeff Kao (ProPublica) 21 February 2022
This story was originally published by ProPublica. This story was co-published with The New York Times.   Inside the Potemkin village of China’s propaganda, the Winter Olympics have unfolded as an unalloyed success, a celebration of sports and political harmony that has obscured —...

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Debashis Basu Debashis Basu 16 February 2022
Conventional wisdom tells us that when the US Federal Reserve hikes rates, stocks fall. But is this true? Here is a piece I wrote for Business Standard that describes this in some detail.    In mid-January, Fed announced that it would adopt an aggressive stance to control interest...

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Heather Vogell (ProPublica) 08 February 2022
This story was originally published by ProPublica.   Amid a national housing crisis, giant private equity firms have been buying up apartment buildings en masse to squeeze them for profit, with the help of government-backed Freddie Mac.   Daniel Cooper could barely afford a...

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IANS 04 February 2022
Six Indian call centre companies and their directors have been charged by US authorities in an alleged conspiracy to defraud Americans by posing as officials from the government pension system and the tax agency in tens of millions of phone calls.   Announcing the charges filed in an...

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IANS 04 February 2022
The pivot to Meta isn't helping Mark Zuckerberg's Facebook. Markets directed their wrath on missing fundamentals - a sharper-than-expected decline in profits and a gloomy outlook - in the first earnings report of the newly christened company Wednesday.   Shares opened Thursday down 25...

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Hannah Morse (The Palm Beach Post/ProPublica) 04 February 2022
This story was originally published by ProPublica.   A city commissioner race in Florida provides a window into how the sugar industry cultivates political allies, who help protect its interests.   Last year, the Florida Legislature was in the midst of an extraordinary push to...

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Amazon has been forced to shut down its 'Sold by Amazon' programme in the US that allowed the e-commerce giant to agree on price with third-party sellers, rather than compete with them.   According to the Washington attorney general's office, Amazon unreasonably restrained competition...

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Heather Vogell (ProPublica) 24 January 2022
This story was originally published by ProPublica.   The filing, submitted by New York Attorney General Letitia James, comes several years after a ProPublica investigation revealed conflicting financial details the Trump Organization filed for its downtown Manhattan skyscraper at 40...

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Air India joined at least nine other international airlines that have modified or cancelled flights to the US amid conflicting reports on what new 5G cell phone services can do to critical airplane technologies.   Carriers are taking a variety of approaches to the spiraling crisis....

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Antonio Horta-Osorio, Chairman of the global banking giant Credit Suisse, has resigned with immediate effect after he was reportedly found to have broken the UK's Covid-19 quarantine rules, the BBC reported.   A former boss of Lloyds Banking Group, Horta-Osorio joined Credit Suisse...

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Lydia DePillis  and   Derek Willis (ProPublica) 17 January 2022
This story was originally published by ProPublica.   More than a million government-approved loans ended up being cancelled, including some that would have gone to people who needed the loans and applied just as they were told.   In May 2021, Terry Kilcrease thought he saw a...

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Caroline Chen (ProPublica) 11 January 2022
This story was originally published by ProPublica.   On a visit to Hong Kong, ProPublica reporter Caroline Chen encountered a 21-day quarantine, a bevy of COVID tests, universal masking and, finally, a fear-free family holiday.   As I walked off the jet bridge into Hong Kong...

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With youngest billionaire Elizabeth Holmes being found guilty of defrauding investors as founder and CEO of healthcare company Theranos in the US, her partner and the company's COO, Ramesh 'Sunny' Balwani, now faces his own fraud trial for the same charges, which is set to begin in...

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Moneylife Digital Team 04 January 2022
Elizabeth Holmes, founder and chief executive of Theranos, has been found guilty on four of 11 charges of fraud, concluding a high-profile trial that captivated Silicon Valley and chronicled the missteps of the now-defunct blood-testing start-up, say reports. Theranos, a health technology...

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IANS 31 December 2021
Led by Tesla CEO Elon Musk, the world's 10 richest people added nearly $402.17 billion (India has a forex reserve of about $635 billion) in 2021.   According to the Bloomberg Billionaires Index, Musk added $121 billion to his net worth in 2021, becoming the world's richest man who...

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Max Blau  and   Lylla Younes (ProPublica) 21 December 2021
This story was originally published by ProPublica.   The world’s largest chemical maker, BASF, produces ingredients for America’s most popular products, from soaps to surface cleaners to dishwasher detergent. Emissions from their U.S. plants elevate cancer risks for an estimated 1.5...

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Patricia Callahan, James Bandler, Justin Elliott, Doris Burke  and   Jeff Ernsthausen (ProPublica) 16 December 2021
This story was originally published by ProPublica.   In the early 1900s some of the wealthiest Americans claimed their fortunes would never last through the generations. A century of tax avoidance later, the dynasties are going strong.   President Franklin D. Roosevelt pounded...

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