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Federal Government Pauses Funding To Los Angeles Homeless Agency Citing Fraud Allegations
Federal Government Pauses Funding To Los Angeles Homeless Agency Citing Fraud Allegations
Authored by City News Service via The Epoch Times,
The U.S. Department of Housing and Urban Development (HUD) on June 11 suspended federal funding to the Los Angeles Homeless Services Authority (LAHSA), cutting off millions of dollars to the L.A. region, over allegations of fraud and widespread mismanagement.
HUD Secretary Scott Turner testifies before the Senate Appropriations Subcommittee on Transportation, Housing and Urban Development about his department's proposed FY2026 budget in the Dirksen Senate Office Building on Capitol Hill in...
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Jul 30, 2026 / Tyler Durden
OpenAI Slashes GPT-5.6 Luna Price By 80% As China's Cheaper Models Close In
OpenAI Slashes GPT-5.6 Luna Price By 80% As China's Cheaper Models Close In
OpenAI just cut the price of its cheapest GPT-5.6 model by 80 percent, three weeks after launch - the clearest signal yet that the company that kicked off the generative AI boom is being dragged into a price war it did not start.
On Thursday the company said GPT-5.6 Luna, its speed-focused model, now costs 20 cents per million input tokens and $1.20 per million output tokens, down from $1 and $6. GPT-5.6 Terra, the mid-tier model, gets...
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May 5, 2026 / Kyle Anzalone
Pentagon: Iranian Attacks on UAE, Ships Below Threshold for US to Resume Strikes Against Iran
Chairman of the Joint Chiefs of Staff General Dan Craine said that Iranian attacks on shipping in the Persian Gulf and energy infrastructure in the UAE did not amount to significant violations of the ceasefire. On Monday, Iran fired missiles at a US destroyer as a warning shot, an Iranian drone caused a large fire […]
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Jul 30, 2026 / Tyler Durden
Feedom Of Navigation
Feedom Of Navigation
By Bas van Geffen, senior market strategist at Rabobank
The Houthis are considering charging fees on vessels sailing through the Bab el-Mandeb Strait. Reuters reported that the plan was discussed with Iran’s leadership, who have offered help to set up an authority to collect the toll.
Besides the potential revenue source, the aim of the Bab el-Mandeb fees would reportedly be to normalize the idea of charging fees on international waters.
But freedom isn’t fees. President Trump has repeatedly rejected the idea of Iran levying a toll in the Strait...
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