(The Center Square) – States and the District of Columbia have allocated about 73% of the roughly $350 billion given out through one federal COVID-19 relief program and spent about 53% of that money as deadlines for using it approach. When Congress passed the American Rescue Plan Act of 2021, it created the Coronavirus State and Local Fiscal Recovery Funds program. The U.S. Treasury allocated $350 billion in State and Local Fiscal Recovery Funds to tribal governments, states, the...
We will never know how much pandemic aid fraud was committed. There were just too many trillions of dollars, and too many programs run by incompetent fools to get any kind of accurate accounting.
The Ohio Supreme Court issued a decision Wednesday in a case that goes back to the height of the pandemic and a reporter’s request for death records.
Apple Inc has assembled $14 billion worth of iPhones in India in fiscal 2024, Bloomberg News reported on Wednesday. Apple now makes as much as 14% or about 1 in 7 of its marquee devices from India, the report said, citing people familiar with the matter. Foxconn assembled nearly 67% while Pegatron Corp made about 17% of the India-made iPhones, the Bloomberg report added. Wistron Corp's plant in the southern Indian state of Karnataka, which the Tata Group took over last year, made the remaining. ...
Rippling is reportedly in discussions to raise $870 million at a valuation of $13.4 billion. This round would include a $200 million injection of capital and $670 million of shares being sold by existing stockholders, TechCrunch reported Tuesday (April 16), citing unnamed sources. Reached by PYMNTS, Rippling declined to comment on the report. This funding would be the […]
Voters may have something new to decide on this year's ballot -- not who their treasurer should be, but whether they should keep voting for one at all. An explosive new interim report on Tuesday from a S.C. Senate Finance subcommittee concluded State Treasurer Curtis Loftis and his office are responsible for a $1.8 billion accounting scandal that has embarrassed state leaders.
The COVID-19 Fraud Enforcement Task Force released its 2024 report Tuesday.
Crisis-hit French IT firm Atos has told creditors and bondholders it is seeking more than 1 billion euros ($1.09 billion) in new funds, Bloomberg News reported on Monday, citing people with direct knowledge of a new restructuring plan. Atos is aiming to convert about half of its $5 billion debt into equity as part of the plan disclosed during a confidential meeting on Monday, Bloomberg said. Atos has not made immediately clear who would inject cash in the company and how remaining debt terms...
The funds for Taiwan Semiconductor Manufacturing Co. mean the company can expand plans for two facilities in Phoenix and add a third.
Memory chip maker Micron Technology is set to get more than $6 billion in grants from the U.S. Commerce Department to help pay for domestic chip factory projects, Bloomberg News reported on Wednesday. The award, which is not yet finalized, could be announced as soon as next week, the report said, citing people familiar with the matter. New York Governor Kathy Hochul said in a statement that the largest private investment in American history is on its way to Central New York. New federal funding...
Some shortages are so serious they are imperilling the health and even lives of patients with serious illnesses, pharmacy bosses sayDrug shortages are a “new normal” in the UK and are being exacerbated by Brexit, a report by the Nuffield Trust health thinktank has warned. A dramatic recent spike in the number of drugs that are unavailable has created serious problems for doctors, pharmacists, the NHS and patients, it found.The number of warnings drug companies have issued about impending supply...
Poverty reduction drive all but halted across many nations as Bank calls for more money to tackle a ‘great reversal’Larry Elliott: At last G20 is showing how to fund an assault on povertyThe devastating impact of the pandemic on the world’s poorest countries has brought poverty reduction to a halt and led to a widening income gap with nations in the rich west, the World Bank has warned.In a report released to coincide with its half-yearly meeting, the Washington-based organisation said half of...