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August 1, 2021

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New Jersey dolling out roughly $30 million in federal dollars to boost college completion, fight hunger

USA TODAY – For more and to sign up click here Todd DeFeo, The Center Square contributor New Jersey awarded $28.5 million to 35 “public and public-mission private institutions” across the state as part of a grant program to increase the number of students who complete college. The $28.5 million......

Students, parents leave billions of dollars on the table by failing to file a FAFSA

CNBC
CNBC – For more and to sign up click here The Covid-19 pandemic and economic shock that followed has made it more difficult for many parents and students to afford college. Yet even fewer families applied for financial aid this year. The Free Application for Federal Student Aid, or FAFSA, serves......

Graham to Biden: ‘If you want an infrastructure deal of a trillion dollars, it’s there for the taking’

Politico
Politico.com – For more and to sign up click here Graham’s comments came as Senate Democrats continue to weigh spending as much as $6 trillion via the reconciliation process on their own infrastructure package if the chamber’s bipartisan talks fail — or even if the bipartisan package is approved. Graham......

America has spent over a trillion dollars fighting the war on drugs. 50 years later, drug use in the U.S. is climbing again.

CNBC
CNBC – For more and to sign up click here This June marks the 50th anniversary of the war on drugs, an ongoing campaign that has to a large extent reshaped American politics, society and the economy. “[The goals of the war on drugs] were to literally eradicate all of......

Biogen’s Alzheimer’s drug could cost Medicare billions of dollars a year, report finds

CNBC
CNBC – For more and to sign up click here A pedestrian walks past Biogen Inc. headquarters in Cambridge, Massachusetts, on Monday, June 7, 2021. Adam Glanzman | Bloomberg | Getty Images Biogen‘s pricy new Alzheimer’s drug, Aduhelm, could cost Medicare billions of dollars a year, according to an analysis......

U.S. government recovered millions of dollars paid in Colonial Pipeline hack ransom

LA_Times
USA TODAY – For more and to sign up click here Del Quentin Wilber The Justice Department recovered $2.3 million in cryptocurrency ransom that Colonial Pipeline paid to hackers whose cyberattack last month shut down its major East Coast pipeline, leading to gas shortages up and down the East Coast,......

‘Share dollars and doses’: rich world tries to tackle vaccine inequalities

Reuters
European Commission President Ursula von der Leyen and Italian Prime Minister Mario Draghi arrive for the virtual G20 summit on the global health crisis, at Villa Pamphilj in Rome, Italy, May 21, 2021. REUTERS/Yara Nardi Rich nation leaders and big drugmakers promised on Friday to do more to bridge the......

A U.S. company that ruined vaccine doses gave its top executives hundreds of thousands of dollars in bonuses.

New York Times
Mr. Kramer received a $1.2 million cash bonus, the records show; the board found that he had “significantly exceeded expectations.” Three of the company’s executive vice presidents received bonuses ranging from $445,000 to $462,000 each. Sean Kirk, the executive responsible for overseeing development and manufacturing operations at all of Emergent’s......

Small business owners missed out on thousands of dollars in loans when PPP funding ran out early

CNBC
CNBC – For more and to sign up click here Masked visitors view art at El Museo del Barrio’s Estamos Bien exhibit. The museo has reopened but at limited capacity. Michael Palma Mir When the Paycheck Protection Program ran out of funding the first week of May – weeks ahead......

Ohio to give five residents $1 million dollars each in vaccine lottery

CBS News
CBS News – For more and to sign up click here The state of Ohio will award five vaccinated residents $1 million dollars each in an effort to raise vaccination percentages, Ohio Governor Mike DeWine announced Wednesday. “Two weeks from tonight on May 26th, we will announce a winner of......

Stanley Druckenmiller says the Fed is endangering the dollar’s global reserve status

CNBC
CNBC – For more and to sign up click here Federal Reserve policies aimed at keeping markets and the economy afloat during the pandemic could end up threatening the long-term health of the U.S. dollar, investing magnate Stanley Druckenmiller told CNBC on Tuesday. The chairman and CEO of Duquesne Family......

‘A Perfect Positive Storm’: Bonkers Dollars for Big Tech

New York Times
In the Great Recession more than a decade ago, big tech companies hit a rough patch just like everyone else. Now they have become unquestioned winners of the pandemic economy. The combined yearly revenue of Amazon, Apple, Alphabet, Microsoft and Facebook is about $1.2 trillion, according to earnings reported this......

Wall Street banks brace for digital dollars as the next big disruptive force

CNBC
CNBC – For more and to sign up click here The Federal Reserve building is seen on March 19, 2021 in Washington, DC. Daniel Slim | AFP | Getty Images Wall Street is warming up to the idea that the next big disruptive force on the horizon is central bank......

Massive ship blocking the Suez Canal brings billions of dollars in trade to a standstill

CNBC
CNBC – For more and to sign up click here An excavator attempts to free stranded container ship Ever Given, one of the world’s largest container ships, after it ran aground, in Suez Canal, Egypt March 25, 2021. Suez Canal Authority | Reuters The massive container ship Ever Given has......

Whitmer signs billions of dollars in relief, while vetoing curbs on power

Detriot News
Detroit News – For more and to sign up click here Lansing — Gov. Gretchen Whitmer signed at least $2.5 billion in supplemental funding into law on Tuesday as she vetoed a bill that barred her Department of Health and Human Services from closing in-person learning or canceling high school sports.......

Cutting China off from the U.S. would cost America hundreds of billions of dollars, report says

CNBC
CNBC – For more and to sign up click here Flags of U.S. and China are displayed at American International Chamber of Commerce (AICC)’s booth during China International Fair for Trade in Services in Beijing, China, May 28, 2019. Jason Lee | Reuters BEIJING — The U.S. economy could lose......

U.S. Charges 3 North Koreans With Hacking and Stealing Millions of Dollars

New York Times
WASHINGTON — The Justice Department on Wednesday unsealed charges against three North Korean intelligence officials accused of hacking scores of companies and financial institutions to thwart U.S. sanctions, illegally fund the North Korean government and control American corporations deemed enemies of the state, including Sony Pictures Entertainment. The charges are......

Australia, NZ dollars boosted by data, market optimism

Reuters
SYDNEY, Feb 9 (Reuters) – The Australian and New Zealand dollars were trading higher against the greenback on Tuesday, as improved market sentiment and optimistic economic surveys pushed the risk-sensitive currencies to multi-week highs. The Aussie was 0.32% higher to $0.7727 against the greenback, its highest since Jan. 27, climbing......

New York Times: Trump allies have collected tens of thousands of dollars from pardon seekers

CNN
USA TODAY – For more and to sign up click here The Times, citing documents and interviews with more than three dozen lobbyists and lawyers, reported that the lobbying for clemency intensified as it became apparent Trump had no standing to challenge his election loss to President-elect Joe Biden. Those......

Biden says economic package will be in the trillions of dollars

Reuters
U.S. President-elect Joe Biden speaks as he announces members of economics and jobs team at his transition headquarters in Wilmington, Delaware, U.S., January 8, 2021. REUTERS/Kevin Lamarque WASHINGTON (Reuters) – U.S. President-elect Joe Biden said his administration’s economic package will be in the trillions of dollars and include unemployment insurance......

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