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Living In Any New York Borough Now Requires A Six Figure Income
Living In Any New York Borough Now Requires A Six Figure Income
Living in New York City without financial assistance now requires a six-figure income in every borough, according to Bloomberg.
The Fund for the City of New York’s latest “self-sufficiency standard” shows that in 2026, a family of four with two school-age children needs about $133,000 a year to cover basic expenses without outside help. Still, 46% of households fall short of that level.
A separate report from Mayor Zohran Mamdani’s office found that economic strain is even more widespread. In...
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May 1, 2026 / Tyler Durden
Top Russian & Indian Think Tanks Devised A Plan For Rebalancing Economic Relations
Top Russian & Indian Think Tanks Devised A Plan For Rebalancing Economic Relations
Authored by Andrew Korbybko via Substack,
Sanctions, bureaucracy, and logistics are the primary obstacles to “diversifying economic ties and correcting the existing imbalance”, but these can be surmounted through SMEs playing a greater role, more localization and procedure simplifications, and optimizing their trade corridors.
The Russian International Affairs Council (RIAC) and Gateway House, which are among their country’s top think tanks, published a joint report in late March about moving “Toward More Balanced Russia–India Economic Relations” for the second...
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Feb 13, 2026 / Tyler Durden
Somali Fallout: US Treasury Will Pay Snitches Up To 30% On Fraud, Money Laundering Prosecutions
Somali Fallout: US Treasury Will Pay Snitches Up To 30% On Fraud, Money Laundering Prosecutions
On the heels of all that Somali fraud in Minnesota, the US Treasury Department on Friday launched a new portal where people can report suspected fraud, money laundering and sanctions violations.
Snitchin' Bubbles from The Wire
According to officials, tips should be submitted with supporting documents. "FinCEN’s Office of the Whistleblower is accepting tips involving violations and conspiracies related to the Bank Secrecy Act, U.S. sanctions programs, and several other laws critical to safeguarding the U.S. financial system...
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May 7, 2026 / Tyler Durden
Vote Harder? Why Secession Is The Only Answer To The American Megastate
Vote Harder? Why Secession Is The Only Answer To The American Megastate
Authored by Ryan McMaken via The Mises Institute,
There are still some Trump supporters out there who continue to bill the Trump administration as some kind of great victory for the forces of populism against the “deep state.” A year into the second Trump administration, it is clear this is not a serious position. The populism of the Trump campaign has clearly failed and what we ended up with instead is a continuation and strengthening of the status quo. Over the...
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