The Justice Department announced today the filing of civil forfeiture complaints seeking the forfeiture and recovery of approximately $96 million in assets allegedly associated with an international conspiracy to launder funds misappropriated from 1Malaysia Development Berhad (1MDB), a Malaysian sovereign wealth fund. Combined with earlier civil forfeiture complaints filed begining in July 2016, the United […]
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Record-Setting Job Gains of 4.8 Million in June During Partial Economic Reopening…
Most “experts” had been forecasting around 2.5 million jobs recovered in June; however, payrolls rose by 4.8 million, far exceeding expectations. The Bureau of Labor Statistics report [Available Here] shows job recovery across-the-board, with a major bounce back in the leisure and hospitality sector gaining 2.1 million jobs. The June jobs growth of 4.8 million […]
USMCA Officially in Effect – Statement from USTR Robert Lighthizer…
First, for those who have fought for decades against the baseline flaws within the NAFTA trade agreement, today is a very memorable day. Today the USMCA officially goes into effect and the trade brokerage system exploited by Mexico and Canada is officially ended. NAFTA is DEAD! …This has been one hell of a decades-long battle. […]
Commerce Secretary Wilbur Ross Discusses China and Hong Kong – Companies Likely to Leave Hong Kong…
During an interview with Fox Business’ Maria Bartiromo, Commerce Secretary Wilbur Ross notes that companies with headquarters in Hong Kong are likely to rethink those offices with China now taking control under Beijing’s sweeping new security law. This is a significant statement and underpins the U.S. strategy that is dismantling the Chinese influence on global […]
Pharmaceutical Giant Charged with Price-Fixing in Generic Drug Probe…
The Justice Department on Tuesday charged generic drug giant Glenmark Pharmaceuticals with manipulating the prices of drugs sold in the U.S., as part of a broad federal probe of price-fixing in the generics industry. The company was charged with one count of conspiracy in restraint of trade in a filing in the Eastern District of […]
How Much of the United States Does Communist China Really Own?…
The coronavirus pandemic may have shed light on China’s influence in America over the supply chain, including life-saving medicines, technology and equipment. But some analysts believe the ongoing crisis lays bare the inroads China has made on U.S. soil. The American Security Institute recently released a report and launched a campaign, featuring a billboard in […]
83 Tons of Fake Gold Bars: Gold Market Rocked by Massive China Counterfeiting Scandal…
Over the years, we have periodically reported of the occasional gold bar discovered as counterfeit in Manhattan’s Diamond District which instead of containing the yellow precious metal would be filled with gold-plated tungsten or in some cases copper. The news would spark a brief wave of outrage, prompting physical gold holders to run ultrasound spot […]
Chinese Professor Found Guilty of Economic Espionage, Theft of U.S. Trade Secrets…
A Chinese professor was found guilty on June 26 of theft of trade secrets, and the more serious charge of economic espionage, the latest conviction in the Trump administration’s clamp down on Chinese state-sanctioned theft of American intellectual property. A federal judge in San Jose, California found Zhang Hao, 41, guilty after a four-day trial. […]
Supreme Court Rules Law Creating Director of CFPB Unconstitutional – Severs Removal Clause, Retains Agency…
The Consumer Financial Protection Bureau (CPFB) was originally created by congress (Elizabeth Warren lead) as a quasi-constitutional watchdog agency to reach into the banking and financial system, under the guise of oversight, and extract money by fining entities for CFPB defined regulatory and/or compliance violations. Essentially, the CFPB is a congressionally authorized far-left extortion scheme […]
Cash4Covid: How Hospitals Are Making Money Off the Wuhan Virus…
Hospitals in the US are getting money for diagnosing Covid19. They get more money if those patients are then put on ventilators. It’s time we really started thinking about what that means. Early on in the launch of the Sars-Cov-2/Covid19 “pandemic”, it was revealed by Dr Scott Jensen that hospitals in the US were getting […]
Consumers Woke Weary? Nike Reports Surprise $790 Million Loss, 46% Plunge in North American Sales…
Sports giant Nike reported a surprise loss Thursday as shutdowns due to COVID-19 prompted a big drop in revenues in spite of higher online sales. Nike reported a loss of $790 million in the quarter ending May 31, which translated to a loss of 51 cents per share compared with analyst expectations for nine cents […]
Big Win for All Americans: Federal Judge Upholds Trump’s Hospital Price Transparency Rule…
“BIG VICTORY for patients – Federal court UPHOLDS hospital price transparency,” President Trump wrote on Twitter on Tuesday. “Patients deserve to know the price of care BEFORE they enter the hospital. Because of my action, they will. This may very well be bigger than healthcare itself. Congratulations America!” Judge Carl Nichols granted the administration’s motion […]
Bayer Settles Glyphosate Cancer Lawsuits for $10.9 Billion…
Bayer-Monsanto have announced that the company will make a total payment of $10.1 billion to $10.9 billion (€9.1 billion to €9.8 billion) to settle the non-Hodgkin’s Lymphoma Roundup litigation in the U.S.. Roundup is the most sold glyphosate-based herbicide in the world. Bayer also settled Wednesday the recent dicamba drift litigation for payment of up […]
Trump to Cut Immigration by 525,000 in Effort to Open Jobs for Unemployed Americans…
President Trump is suspending five classes of visas through the end of the year in an effort to open more than half a million jobs to Americans, according to three senior administration officials. Trump will extend the 60-day halt he took April 22 toward incoming green card recipients, or those who have been approved to […]
Related
DOJ Charges President and CEO of IT Company for ‘Outrageous’ PPP Loan Fraud…
A 38-year-old Winchester, Massachusetts man is facing federal wire fraud charges after he allegedly used coronavirus pandemic relief loans for businesses to his illicit benefit. Elijah Majak Buoi, described as the president and CEO of an information technology (IT) company, was formally charged on Monday in the District of Massachusetts. According to the feds, Buoi […]
Almost 46 Million Americans Have Now Filed for Unemployment Claims Since Lockdowns Began…
Despite the hope-restoring nonfarm payrolls “recovery” and the over-hyped bounce in retail sales (ignoring the lack of ‘V’ in industrial production), in the last week 1.508million more Americans filed for unemployment benefits for the first time (notably worse than the 1.29mm expected). That brings the thirteen-week total to 45.7million, dramatically more than at any period […]
Trump Administration Prepares $1 Trillion Infrastructure Package to Boost Economy…
The Trump administration is preparing a $1 trillion infrastructure package to boost the nation’s economy following months of lockdowns and business closures during the coronavirus pandemic, according to a report on Monday. The Department of Transportation is taking the lead on the project that would funnel money for roads and bridges, but would allocate funds […]
Key Congressman Seeks Probe Into Why 80% of U.S. Foreign Investor Visas Going to China…
House Judiciary Committee Ranking Member Jim Jordan (R-Ohio) and Rep. Guy Reschenthaler (R-Pa.) have asked the an investigative arm of Congress to investigate China’s involvement in America’s EB-5 Immigrant Investor Visa Program. In a letter Monday to the Comptroller General of the U.S. Government Accountability Office, the lawmakers said the program was meant to encourage […]
Former Bumble Bee Tuna CEO Is on the Hook for Years in Prison Due to Fishy Price-Rigging Scheme…
The former CEO of Bumble Bee Foods on Tuesday was sentenced to more than three years in federal prison for his role in a price-rigging conspiracy scandal that eventually caused the widely known canned tuna company to file for bankruptcy last year. U.S. District Court Judge Edward M. Chen sentenced Christopher Lischewski to 40 months […]
May Retail Sales Surge Most on Record as US Returns to Work After Coronavirus Shutdowns…
U.S. retail sales surged the most on record last month, the Commerce Department said Tuesday, as millions of Americans returned to work following weeks of coronavirus-triggered lockdowns that shuttered the world’s largest economy. Retail sales rose 17.7% in May, the Commerce Department said, well ahead of the 8% forecast and well ahead of the downwardly-revised […]
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