JPMorgan Drops Despite Highest Quarterly Profit In HIstory, As Traders Focus On Negatives

Waste Of The Day: Defunct Veterans' Hotline Authored by Jeremy Portnoy via RealClearInvestigations, Contractors working at the Department of Veterans Affairs' suicide-prevention hotline earned $11.2 million without answering a single phone call, according to a Sept. 1 report from the VA inspector general. Key facts: The Veterans Crisis Line is available 24 hours per day for veterans experiencing a mental health emergency. Trained government staff answer calls, provide support and send a medical team if there is an immediate risk of harm. In 2019, a contractor was hired to establish a backup crisis...

3 Cents On The Dollar: Hedge Funds Gorge On LA Fire Claims As Sacramento’s Crackdown Goes Up In Smoke Nearly two years after the Eaton and Palisades fires torched an estimated $40 billion in insured property, nobody has figured out who ultimately pays. Wall Street has decided that's the perfect time to buy. Hedge funds are stepping up purchases of subrogation claims tied to the January 2025 Los Angeles fires now that the political push to curb the trade has stalled, Bloomberg reports. Prices range from as little as 3 cents on the...

With US-brokered talks between Israel and Lebanon just days away and the “ceasefire” still reported as in place, Israel continues to launch offensives deeper into Lebanon, with ground troops from the Golani Brigade backed by robots as they moved all the way to the Litani River, and beyond. The IDF claimed that the troops killed […]