The Usual $uspects: Chronic Fraud By US Defense Contractors

In 2009, the United States government filed a formal claim against Lockheed Martin and Northrop Grumman — two major defense contractors — in U.S. District Court for the Northern District of Texas in regard to alleged violations of the False Claims Act, according to leaked court documents. The Integrated Deepwater System Program (IDS Program or […]

Frederick Reese
By Frederick Reese

In 2009, the United States government filed a formal claim against Lockheed Martin and Northrop Grumman — two major defense contractors — in U.S. District Court for the Northern District of Texas in regard to alleged violations of the False Claims Act, according to leaked court documents. The Integrated Deepwater System Program (IDS Program or

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Tax Cheats Pony Up $5.5. Billion In Amnesty Program

The Internal Revenue Service has recouped more than $5.5 billion under a series of programs that offered reduced penalties and no jail time to people who voluntarily disclosed assets they were hiding overseas, government investigators said Friday. In all, more than 39,000 tax cheats have come clean under the programs. But there’s more. Government investigators […]

Associated Press
By Associated Press

The Internal Revenue Service has recouped more than $5.5 billion under a series of programs that offered reduced penalties and no jail time to people who voluntarily disclosed assets they were hiding overseas, government investigators said Friday. In all, more than 39,000 tax cheats have come clean under the programs. But there's

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New Research Shows Only Wealthy Recovering From Recession

Frederick Reese Since the 2008-2009 financial crash, the U.S. stock market has more than doubled in value. Since the Dow Jones Industrial Average (DJIA) bottomed out March 2009 at 6,547.05, it has risen to a near-record-breaking 14,075.37, as of Wednesday. For the wealthiest tier of society, the economy is in a boom cycle, with personal and […]

Frederick Reese
By Frederick Reese

Frederick ReeseSince the 2008-2009 financial crash, the U.S. stock market has more than doubled in value. Since the Dow Jones Industrial Average (DJIA) bottomed out March 2009 at 6,547.05, it has risen to a near-record-breaking 14,075.37, as of Wednesday. For the wealthiest tier of society, the economy is in a boom cycle, with personal and

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Midwestern River Cities Brace For Floodwaters

Communities along the Mississippi River and other rain-engorged waterways are waging feverish bids to hold back floodwaters that may soon approach record levels. After days of torrential rains, Midwesterners find themselves watching rivers and tributaries rise — a sharp contrast to the region’s drought that months earlier had sucked the Mississippi so dry that barge […]

Associated Press
By Associated Press

Communities along the Mississippi River and other rain-engorged waterways are waging feverish bids to hold back floodwaters that may soon approach record levels. After days of torrential rains, Midwesterners find themselves watching rivers and tributaries rise — a sharp contrast to the region's drought that months earlier had sucked the

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Checks From Banks To Struggling Homeowners Bounce

Katie Rucke Homeowners struggling with troubled mortgage loans were supposed to be given some financial relief this week, but instead were dealt another blow — right in the pocketbook. After months of debates and bargaining, the Federal Reserve and the Office of the Comptroller of the Currency announced last week that they garnered a $3.6 […]

Mint Press News Desk
By Mint Press News Desk

Katie RuckeHomeowners struggling with troubled mortgage loans were supposed to be given some financial relief this week, but instead were dealt another blow — right in the pocketbook.After months of debates and bargaining, the Federal Reserve and the Office of the Comptroller of the Currency announced last week that they garnered a $3.6

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U.S. Bank Restarts Cash Transfers to Somalia, Helping Thousands Support Families Overseas

“This is a very exciting day, not only for my business and me, but also for our entire community,” said Mohamed Nor of Dahab-Shil, a money services business specializing in the transfer of money for immigrant communities and non-governmental aid organizations. “I would like to thank U.S. Bank for continuing this conversation over the last […]

Martin Michaels
By Martin Michaels

“This is a very exciting day, not only for my business and me, but also for our entire community,” said Mohamed Nor of Dahab-Shil, a money services business specializing in the transfer of money for immigrant communities and non-governmental aid organizations. “I would like to thank U.S. Bank for continuing this conversation over the last year and

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