Article
IRS Probing $100 Billion In Potential COVID-19 Loan Fraud
IRS Probing $100 Billion In Potential COVID-19 Loan Fraud
Authored by Naveen Athrappully via The Epoch Times,
Roughly $100 billion in loans given for COVID-19 programs have been identified as suspected fraud by tax authorities.
Earlier this year, the Small Business Administration (SBA) referred more than $200 billion in suspected COVID loan fraud to the IRS.
The tax agency then compared the information that the borrowers submitted to the SBA when applying for the loans with the information they declared to the IRS.
Analysis identified discrepancies associated with approximately $100 billion in loans, the...
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Jul 19, 2026 / Dave DeCamp
Israel Kills More Than 20 Palestinians in Gaza Over Two Days
Israeli attacks in Gaza on Friday and Saturday killed more than 20 Palestinians, as the IDF has escalated its strikes and continues its constant violations of the US-backed ceasefire deal. One strike on Friday in the Nuseirat Refugee Camp in central Gaza hit Palestinians attending a funeral for people killed by an Israeli attack earlier […]
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May 15, 2026 / Tyler Durden
US Industrial Production Surged In April
US Industrial Production Surged In April
Despite record low consumer sentiment (if you believe UMich), this morning saw the Empire Fed survey show New York state factory activity expanded in May at the fastest pace in four years, and firms grew more optimistic about the outlook.
That was followed by a much hotter than expected Industrial Production print (up 0.7% MoM vs +0.3% MoM exp and higher than the highest estimate) for April (and March's decline revised stronger), lifting annual growth up to +1.35% YoY...
Source: Bloomberg
April's gain for US industrial production was...
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Aug 17, 2026 / Tyler Durden
Almost 60% Of Democrats Have A Favorable View Of Socialism
Almost 60% Of Democrats Have A Favorable View Of Socialism
Authored by Jonathan Turley,
Recent polls show steady growth in support for socialism among Democrats. A new CBS poll shows how popular it is, with 58 percent holding a positive view of socialism—26 points more than the 32 percent with a positive view of capitalism. This may explain why House Minority Leader Hakeem Jeffries, while rejecting core parts of its platform, embraced Democratic Socialists this week as part of the Democratic Party. In addition to a variety of anti-Semitic figures within...
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