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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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May 26, 2026 / Tyler Durden
Private Equity To Be Blocked From Buying Homes?
Private Equity To Be Blocked From Buying Homes? Authored by Matt Stoller via BIG, Based on a vote last week, it seems very likely Congress will ban corporate ownership of most existing single family homes. "People live in homes," said Trump in January. "Not corporations." While Trump has sometimes talked a big game on constraining Wall Street, he generally hasn't followed through. In this case, though, he did. And somehow, a very corporate-friendly legislature came through as well. It's almost impossible to believe, but here's the relevant provision in the 21st Century...
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Sep 7, 2026 / Tyler Durden
Central Asia Is Escaping The 'Backyard' Label
Central Asia Is Escaping The 'Backyard' Label Authored by Ziaulhaq Tanin via RealClearWorld, Three decades after their independence, Central Asia is still often viewed through outdated geopolitical lenses - a region once called "Russia's backyard" and more recently as an arena of competition among Russia, China, and the West. Yet this familiar narrative no longer captures the region's strategic reality. Central Asian states are increasingly using great-power rivalry not simply to navigate external pressure, but to expand their own choices and strategic room for maneuver. This transformation is driven not by a...
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Mar 14, 2026 / Mark Thornton
The Theory of the Bottom 99%
The “bottom 99%” aren’t losing to markets: they’re losing to the Cantillon effect.
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