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Improper US Government Payments Rose To $186 Billion In 2025: Watchdog
Improper US Government Payments Rose To $186 Billion In 2025: Watchdog
Authored by Sylvia Xu via The Epoch Times (emphasis ours),
Federal government agencies reported a total estimate of about $186 billion in improper payments in fiscal year 2025, an increase of $24 billion from 2024.
The U.S. Government Accountability Office building in Washington on May 22, 2025. Madalina Vasiliu/The Epoch Times
About $153 billion—roughly 82 percent—of this total arose from overpayments.
The Government Accountability Office estimated that cumulative improper payments have reached about $3 trillion since fiscal year 2003. The actual amount may...
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Oct 3, 2026 / Tyler Durden
What Michael Milken Would See In AI Chip Financing
What Michael Milken Would See In AI Chip Financing
Authored by Patrick Feeley via Substack,
Very few people in the AI financing debate are reading the deals like a credit trader would. We have had a week of headlines about who is raising what. Amazon is moving $8 billion of chips off its balance sheet. Broadcom is lending $42 billion to its own customer. Nvidia is offering to backstop $125 billion of the debt people use to buy Nvidia. The coverage treats each number as a scoreboard. Hardly anyone asks the...
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Oct 17, 2026 / Tyler Durden
Evacuation Orders Issued As Wildfire Burns Homes In Southern California
Evacuation Orders Issued As Wildfire Burns Homes In Southern California
Authored by Jill McLaughlin via The Epoch Times,
Evacuation orders have been issued after a wind-fueled wildfire ignited Friday in a Southern California coastal community, burning through homes and 465 acres, fire authorities said.
The fire started in vegetation in San Clemente, and strong winds quickly pushed it into neighboring San Juan Capistrano in Orange County.
Fire authorities received a report at 11:33 a.m. Friday. The blaze grew to cover an area equal to about 350 football fields by 5 p.m., according to...
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May 19, 2026 / Tyler Durden
Korean Bubble Mania: Retail Investors Max Out On Margin Debt, Choose To "Risk Complete Collapse" Than Miss Stock Rally
Korean Bubble Mania: Retail Investors Max Out On Margin Debt, Choose To "Risk Complete Collapse" Than Miss Stock Rally
For many years, Koreans were bitcoin's best friend.
After bitcoin emerged about a decade ago as the asset class with the most pronounced momentum - both to the upside and the downside - Korea's daytrading army, famous for being totally unable to do any fundamental valuation analysis but legendary for its wilnningness to piggyback on any momentum with suicidal leverage, became enamored with bitcoin and the result were face-ripping meltups and heartstopping...
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