Two lawsuits filed by an activist organization allege a conspiracy between county governments in Michigan and prison phone companies. This conspiracy has involved a “quid pro quo kickback scheme” that eliminated in-person visits at prisons to boost profits for the companies, the litigation claims. As part of the scheme, a portion of those profits were … Read more
A shareholder once asked Warren Buffett, Charlie Munger if Social Security is a ‘government-sponsored Ponzi scheme for retirees’ — their answer was received with laughter and applause Social Security has long been a subject of intense discussion in America, but investing legend Warren Buffett’s position on the issue is unmistakably clear. During Buffett’s company, Berkshire … Read more
The logo of London Stock Exchange Group Plc in the office atrium in the City of London, UK, on Tuesday, March 14, 2023. Bloomberg | Bloomberg | Getty Images London police on Sunday arrested six pro-Palestine activists for alleged plans to lock themselves to the doors of the London Stock Exchange to attempt to disrupt … Read more
‘I believe in this’: A 52-year-old Austin man says he has no retirement savings and $50K-$60K in bad debt — and now he seems to be stuck in a pyramid scheme. Here’s the reality check he got It’s easy to forget how rapidly your financial situation can change. One day you’re making millions of dollars, … Read more
The Internal Revenue Service headquarters building in Washington, D.C. Chip Somodevilla | Getty Images News | Getty Images WASHINGTON — A former Swiss finance executive pled guilty in New York federal court on Thursday to conspiring to defraud the U.S. in a tax evasion scheme known as the “Singapore Solution” that hid $60 million in … Read more
Late last week, the YA fantasy/sci-fi book scene found itself in disarray following allegations of an author review bombing several other authors in the community. The end result has seen writer Cait Corrain lose her deal with Del Rey Publishing, and other partnerships she had in the works also canceled. ‘Even AI Rappers are Harassed … Read more
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This is Hot Pod, The Verge’s newsletter about podcasting and the audio industry. Sign up here for more. Happy Thanksgiving week! I will be out tomorrow making twice baked potatoes, putting together holiday baby outfits (many tiny overalls will be worn!!), and attempting a night drive to Long Island without hitting Southern State traffic or eliciting baby rage. This … Read more
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Amazon’s secret pricing algorithm, codenamed “Project Nessie,” may have generated the company more than $1 billion in extra profits, according to new details released Thursday from the Federal Trade Commission’s antitrust case against the e-commerce giant. In September, the FTC and more than a dozen state attorneys general sued Amazon, claiming that the company operates … Read more
HONG KONG — The exodus of tens of thousands of professionals from Hong Kong triggered by a crackdown on its civil liberties is being offset by new arrivals: mainland Chinese keen to move to the former British colony. The Asian financial hub has attracted tens of thousands of visa applications from mainland Chinese under the … Read more
The chiropractor to a ton of Hollywood stars — ranging from the Kardashians to Logan Paul and Kevin Hart — won’t be providing services any time soon … cuz he’s now behind bars. Dr. Patrick Khaziran is famous for appearing on “The Kardashians” and working with huge names like Jamie Foxx and Diddy … but … Read more