President Joe Biden is taking another shot at student loan cancellation, hoping to deliver on a key campaign promise that he has so far failed to fulfill. In a visit to Wisconsin on Monday, Biden detailed a proposal that would cancel at least some debt for more than 30 million Americans. It’s been in the […]
Tag: Billions
Organized shoplifting now a billion $$ industry
In a May earnings report, Brian Cornell, CEO of Target, said that a loss of inventory is expected to reduce the company’s profits by more than $500 million compared to the previous year. While he said there were “many potential sources,” theft and organized retail crime were becoming “increasingly important drivers.” The corporate disclosure was […]
Billions of dollars lost in Covid-19 relief grift
Much of the theft was brazen, even simple. Fraudsters used the Social Security numbers of dead people and federal prisoners to get unemployment checks. Cheaters collected those benefits in multiple states. And federal loan applicants weren’t cross-checked against a Treasury Department database that would have raised red flags about sketchy borrowers. Criminals and gangs grabbed […]