2 days ago
Immigrants applying to live permanently in the United States can be rejected if they receive public benefits, beginning this week.
Use of Medicaid, food stamps, tuition ******* istance and free school lunch programs, among other government ******* istance, could all be grounds for denying a green-card application.
Subscribe to The Post Most newsletter for the most important and interesting stories from The Washington Post.
The policy from President Donald Trump's administration, which took effect Friday, marks a dramatic change to a long-standing federal policy consistent with the president's efforts to restrict legal immigration pathways.
The rule could reduce federal and state payments by $13 billion a year, by persuading some 950,000 people to disenroll from or avoid federal safety net programs, according to estimates from the Department of Homeland Security. The agency said that the rule aligns with Congress's intent that noncitizens "in the United States be self-sufficient and not dependent on taxpayer-funded government benefits."
#states
Use of Medicaid, food stamps, tuition ******* istance and free school lunch programs, among other government ******* istance, could all be grounds for denying a green-card application.
Subscribe to The Post Most newsletter for the most important and interesting stories from The Washington Post.
The policy from President Donald Trump's administration, which took effect Friday, marks a dramatic change to a long-standing federal policy consistent with the president's efforts to restrict legal immigration pathways.
The rule could reduce federal and state payments by $13 billion a year, by persuading some 950,000 people to disenroll from or avoid federal safety net programs, according to estimates from the Department of Homeland Security. The agency said that the rule aligns with Congress's intent that noncitizens "in the United States be self-sufficient and not dependent on taxpayer-funded government benefits."
#states
3 days ago
The House Ways and Means Committee will consider legislation Wednesday that would exempt some crypto transaction fees from capital-gains calculations and apply new federal tax rules to stablecoins, staking, mining and digital ***** et trading.
Committee Chairman Jason Smith, R-Mo., introduced the 114-page Digital ***** et Tax Certainty Act, or H.R. 10357. The committee has scheduled its markup for 10 a.m. Eastern on Sept. 16.
During a markup, committee members debate a bill, propose amendments, and decide whether to advance it to the full House.
The legislation would create a "de minimis" exemption for qualifying network or transaction fees of $10 or less. De minimis refers to an amount considered too small to require standard tax treatment.
Paying a blockchain fee with crypto can create a taxable event because the IRS treats digital ***** ets as property. The exemption would allow taxpayers to disregard gains or losses on eligible fees.
#committee #digital #asset
Committee Chairman Jason Smith, R-Mo., introduced the 114-page Digital ***** et Tax Certainty Act, or H.R. 10357. The committee has scheduled its markup for 10 a.m. Eastern on Sept. 16.
During a markup, committee members debate a bill, propose amendments, and decide whether to advance it to the full House.
The legislation would create a "de minimis" exemption for qualifying network or transaction fees of $10 or less. De minimis refers to an amount considered too small to require standard tax treatment.
Paying a blockchain fee with crypto can create a taxable event because the IRS treats digital ***** ets as property. The exemption would allow taxpayers to disregard gains or losses on eligible fees.
#committee #digital #asset
5 days ago
Meghan Markle reportedly secured her first government-backed security review since stepping back from royal duties in 2020. The ***** ss of Sussex and Prince Harry were set to receive separate official risk ***** sments after returning to Britain.
The review could consider their schedules, family routines, and public movements. It also marks a notable change for Meghan after six years without such an ***** sment. Meanwhile, the couple received interim security arrangements during the process.
As per People magazine, Meghan Markle would receive a new ***** sment. The security review would be her first since police protection ended following the couple's 2020 royal exit. Meanwhile, Prince Harry would receive a separate ***** sment.
The Royal and VIP Executive Committee reportedly commissioned both reviews after their UK move. RAVEC determines eligibility for taxpayer-funded police protection. The couple have also been granted an interim security provision during the ***** sment process.
Additionally, RAVEC reportedly requested detailed schedules from the Duke and ***** ss of Sussex. That includes daily routines involving Archie, seven, and Lilibet, five. Their school runs could help officials ***** s potential risks.
#review
The review could consider their schedules, family routines, and public movements. It also marks a notable change for Meghan after six years without such an ***** sment. Meanwhile, the couple received interim security arrangements during the process.
As per People magazine, Meghan Markle would receive a new ***** sment. The security review would be her first since police protection ended following the couple's 2020 royal exit. Meanwhile, Prince Harry would receive a separate ***** sment.
The Royal and VIP Executive Committee reportedly commissioned both reviews after their UK move. RAVEC determines eligibility for taxpayer-funded police protection. The couple have also been granted an interim security provision during the ***** sment process.
Additionally, RAVEC reportedly requested detailed schedules from the Duke and ***** ss of Sussex. That includes daily routines involving Archie, seven, and Lilibet, five. Their school runs could help officials ***** s potential risks.
#review
6 days ago
Kansas City, Missouri — Vice President JD Vance announced Monday the Trump administration will suspend roughly 870,000 people suspected of defrauding pandemic-era small business programs from receiving future federal loans.
The vice president contended that borrowers who stole taxpayer money should no longer be eligible to receive loans from government-backed programs.
"If you screwed the American taxpayer, the federal government is now going to say you're cut off, no more," Vance told reporters. "You shouldn't be applying anymore, and if you do apply, you're no longer able to get those benefits."
His remarks came as the Justice Department announced a slew of cases in a nationwide crackdown on fraud involving the COVID-19-era Paycheck Protection Program.
The department's enforcement push, which ran from June 12 through Sept. 1 and was dubbed "Heartland fraud surge," resulted in actions involving more than 160 defendants and approximately $245 million in intended losses to taxpayers. The operation was put into action more than five years after the government pushed emergency loans to businesses nationwide that were struggling as a result of the coronavirus pandemic.
#president #pandemic #federal
The vice president contended that borrowers who stole taxpayer money should no longer be eligible to receive loans from government-backed programs.
"If you screwed the American taxpayer, the federal government is now going to say you're cut off, no more," Vance told reporters. "You shouldn't be applying anymore, and if you do apply, you're no longer able to get those benefits."
His remarks came as the Justice Department announced a slew of cases in a nationwide crackdown on fraud involving the COVID-19-era Paycheck Protection Program.
The department's enforcement push, which ran from June 12 through Sept. 1 and was dubbed "Heartland fraud surge," resulted in actions involving more than 160 defendants and approximately $245 million in intended losses to taxpayers. The operation was put into action more than five years after the government pushed emergency loans to businesses nationwide that were struggling as a result of the coronavirus pandemic.
#president #pandemic #federal
9 days ago
Moneywise and Yahoo Finance LLC may earn commission or revenue through links in the content below.
Republicans are well known for opposing tax increases and since 1986, many Republican officeholders have signed on to the Taxpayer Protection Pledge (1).
Rolled out with former President Ronald Reagan's endorsement, the pledge is a commitment in writing to oppose "any and all" tax increases. Currently, 44 members of the Senate and 194 representatives in Congress have signed the pledge.
Jeff Bezos backs a platform that lets anyone invest in rental homes for as little as $100 — 6 ways to build wealth like a landlord without actually being one
A record 45% of central banks plan to grow gold reserves — and many investors are following suit. Get your free gold IRA guide from Priority Gold
#republicans #republican
Republicans are well known for opposing tax increases and since 1986, many Republican officeholders have signed on to the Taxpayer Protection Pledge (1).
Rolled out with former President Ronald Reagan's endorsement, the pledge is a commitment in writing to oppose "any and all" tax increases. Currently, 44 members of the Senate and 194 representatives in Congress have signed the pledge.
Jeff Bezos backs a platform that lets anyone invest in rental homes for as little as $100 — 6 ways to build wealth like a landlord without actually being one
A record 45% of central banks plan to grow gold reserves — and many investors are following suit. Get your free gold IRA guide from Priority Gold
#republicans #republican
10 days ago
By Nate Raymond
Sept 8 (Reuters) - A U.S. appeals court on Tuesday upheld an injunction blocking an Internal Revenue Service policy that allowed it to share thousands of taxpayers' addresses with immigration authorities, saying the Trump administration's practice violated federal law.
A three-judge panel of the U.S. Court of Appeals for the District of Columbia Circuit ruled that the IRS last year disclosed roughly 47,000 taxpayer addresses to U.S. Immigration and Customs Enforcement under a procedure adopted as part of the administration's efforts to expand immigration enforcement.
The IRS and U.S. Department of Homeland Security, which oversees ICE, did not respond to requests for comment.
Under an agreement between the agencies, the IRS in July 2025 began processing ICE requests for the last known addresses of as many as 1.28 million people suspected of unlawfully residing in the United States.
#immigration #addresses #court #last
Sept 8 (Reuters) - A U.S. appeals court on Tuesday upheld an injunction blocking an Internal Revenue Service policy that allowed it to share thousands of taxpayers' addresses with immigration authorities, saying the Trump administration's practice violated federal law.
A three-judge panel of the U.S. Court of Appeals for the District of Columbia Circuit ruled that the IRS last year disclosed roughly 47,000 taxpayer addresses to U.S. Immigration and Customs Enforcement under a procedure adopted as part of the administration's efforts to expand immigration enforcement.
The IRS and U.S. Department of Homeland Security, which oversees ICE, did not respond to requests for comment.
Under an agreement between the agencies, the IRS in July 2025 began processing ICE requests for the last known addresses of as many as 1.28 million people suspected of unlawfully residing in the United States.
#immigration #addresses #court #last
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12 days ago
ESPN's Shams Charania reported that the New Orleans Pelicans are sending Jordan Hawkins, Micah Peavy, a future second-round pick, and a future second-round pick swap to the Memphis Grizzlies for AJ Johnson and Taj Gibson.
The main reason for this trade is pretty simple: New Orleans needed to clear salary before officially adding Bennedict Mathurin on his two-year, $16.0 million deal. Because the Pelicans are using the non-taxpayer mid-level exception to sign him, they can't finish above the first apron afterward, so they had to open enough room under that line first. Memphis is basically getting paid to help the Pelicans clean up the payroll, and I think the Grizzlies did very well here.
Memphis Grizzlies Receive: Jordan Hawkins, Micah Peavy, future second-round pick, future second-round pick (swap)
New Orleans Pelicans Receive: AJ Johnson, Taj Gibson
Hawkins is making $7.0 million this season, and Peavy is at $2.2 million, so New Orleans moves roughly $9.2 million in salary. Johnson costs only $3.2 million, while Gibson's $3.8 million salary isn't guaranteed yet, so he's gone from $0 to $200K in the trade, as the Pelicans are likely to waive him. Mathurin's first-year salary will be about $7.8 million on the two-year deal he agreed to last month.
#pelicans #orleans #round
The main reason for this trade is pretty simple: New Orleans needed to clear salary before officially adding Bennedict Mathurin on his two-year, $16.0 million deal. Because the Pelicans are using the non-taxpayer mid-level exception to sign him, they can't finish above the first apron afterward, so they had to open enough room under that line first. Memphis is basically getting paid to help the Pelicans clean up the payroll, and I think the Grizzlies did very well here.
Memphis Grizzlies Receive: Jordan Hawkins, Micah Peavy, future second-round pick, future second-round pick (swap)
New Orleans Pelicans Receive: AJ Johnson, Taj Gibson
Hawkins is making $7.0 million this season, and Peavy is at $2.2 million, so New Orleans moves roughly $9.2 million in salary. Johnson costs only $3.2 million, while Gibson's $3.8 million salary isn't guaranteed yet, so he's gone from $0 to $200K in the trade, as the Pelicans are likely to waive him. Mathurin's first-year salary will be about $7.8 million on the two-year deal he agreed to last month.
#pelicans #orleans #round
12 days ago
Prince Harry and Meghan Markle are reportedly worried about daily school runs for their kids, Archie and Lilibet. Although the Sussexes returned to the UK on August 26, they have seemingly come back without securing taxpayer-funded security. It has understandably fueled concern for the anxious parents about their children's safety.
A close friend of Prince Harry and Meghan Markle has reportedly voiced concern about daily school runs for their kids on the couple's behalf. A friend dished to The Telegraph: "It is absolutely the biggest area of concern. It creates the most dangers." Although the Sussexes returned to the UK on August 26, they have seemingly come back without securing taxpayer-funded security. It has understandably fuelled concern for the anxious parents about their children's safety.
According to the outlet, Archie and Lilibet's school has already been notified of their attendance. Not only that, teachers are already mandated to follow specific instructions. Additionally, the school is required to follow certain rules and procedures for maintaining the children's protection.
Meanwhile, Harry and Meghan are reportedly awaiting a definite response regarding their taxpayer-funded security from the UK's Home Office. According to the outlet, the couple would like to know if they are eligible for police protection now that they are residing in Britain. Notably, the Sussexes were previously denied protection rights during visits to the UK.
Scott Hamer, a former Metropolitan Police royalty and specialist protection officer, showed his support for the Duke of Sussex. He told the outlet: "If there is a credible threat to him and his family, it should be objectively ****** sed. If there is a genuine risk, the state should provide protection. If not, that's fine, but let him know."
#protection #harry #meghan #concern
A close friend of Prince Harry and Meghan Markle has reportedly voiced concern about daily school runs for their kids on the couple's behalf. A friend dished to The Telegraph: "It is absolutely the biggest area of concern. It creates the most dangers." Although the Sussexes returned to the UK on August 26, they have seemingly come back without securing taxpayer-funded security. It has understandably fuelled concern for the anxious parents about their children's safety.
According to the outlet, Archie and Lilibet's school has already been notified of their attendance. Not only that, teachers are already mandated to follow specific instructions. Additionally, the school is required to follow certain rules and procedures for maintaining the children's protection.
Meanwhile, Harry and Meghan are reportedly awaiting a definite response regarding their taxpayer-funded security from the UK's Home Office. According to the outlet, the couple would like to know if they are eligible for police protection now that they are residing in Britain. Notably, the Sussexes were previously denied protection rights during visits to the UK.
Scott Hamer, a former Metropolitan Police royalty and specialist protection officer, showed his support for the Duke of Sussex. He told the outlet: "If there is a credible threat to him and his family, it should be objectively ****** sed. If there is a genuine risk, the state should provide protection. If not, that's fine, but let him know."
#protection #harry #meghan #concern
17 days ago
"It's going to be $1," Josefina Aguirre said to a customer, pausing an interview with Fox News Digital inside her family's Spanish Harlem meat market.
"Okay, I'm sorry. I got a couple of customers. Let's start over," Aguirre, a first-generation American, said. "This is me," she added with a laugh from behind the counter where she has worked for the past 30 years.
Aguirre is among the neighborhood grocers suing New York City Mayor Zohran Mamdani over his plan to open city-backed grocery stores across all five boroughs. He says the plan will offer shoppers prices roughly 30% lower than comparable retailers. Local business owners argue it will force small local-run stores to shutter.
Experts Scorch Mamdani's Grocery Plan As An 'Illusion' That Will Have Taxpayers Footing The Bill
"When we heard Mamdani was opening a grocery store where people are gonna save 30%, it scares us because we don't have the money to compete," Aguirre said.
#aguirre #mamdani #city
"Okay, I'm sorry. I got a couple of customers. Let's start over," Aguirre, a first-generation American, said. "This is me," she added with a laugh from behind the counter where she has worked for the past 30 years.
Aguirre is among the neighborhood grocers suing New York City Mayor Zohran Mamdani over his plan to open city-backed grocery stores across all five boroughs. He says the plan will offer shoppers prices roughly 30% lower than comparable retailers. Local business owners argue it will force small local-run stores to shutter.
Experts Scorch Mamdani's Grocery Plan As An 'Illusion' That Will Have Taxpayers Footing The Bill
"When we heard Mamdani was opening a grocery store where people are gonna save 30%, it scares us because we don't have the money to compete," Aguirre said.
#aguirre #mamdani #city
19 days ago
Our **** ysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here.
Switzerland wants UBS to be safer after Credit Suisse blew up. UBS says too much safety could make it less competitive. Now lawmakers are trying to mix a regulatory **** tail that protects taxpayers without turning the country's last megabank into a padded cell with a banking license.
Swiss lawmakers are expected to send a softened banking reform proposal to the upper house of parliament, as the country tries to settle one of the biggest questions left by the Credit Suisse collapse: how much capital should UBS be forced to hold?
The Swiss government originally wanted UBS to hold about $20 billion in additional Common Equity Tier 1 capital. CET1 is the hard stuff: high-quality equity capital that absorbs losses first and gives regulators comfort when a bank gets into trouble.
The proposed requirement followed UBS's emergency takeover of Credit Suisse in 2023. That deal stopped one crisis, but created another problem. Switzerland now has one giant globally important bank, and regulators want to make sure taxpayers are not dragged back into another rescue.
#make
Switzerland wants UBS to be safer after Credit Suisse blew up. UBS says too much safety could make it less competitive. Now lawmakers are trying to mix a regulatory **** tail that protects taxpayers without turning the country's last megabank into a padded cell with a banking license.
Swiss lawmakers are expected to send a softened banking reform proposal to the upper house of parliament, as the country tries to settle one of the biggest questions left by the Credit Suisse collapse: how much capital should UBS be forced to hold?
The Swiss government originally wanted UBS to hold about $20 billion in additional Common Equity Tier 1 capital. CET1 is the hard stuff: high-quality equity capital that absorbs losses first and gives regulators comfort when a bank gets into trouble.
The proposed requirement followed UBS's emergency takeover of Credit Suisse in 2023. That deal stopped one crisis, but created another problem. Switzerland now has one giant globally important bank, and regulators want to make sure taxpayers are not dragged back into another rescue.
#make
21 days ago
California's "monumental problem" with rampant fraud is about to get significantly worse, according to Republican state ******* emblyman Carl DeMaio, after Gov. Gavin Newsom signed a bill that he warns will crack down on people investigating scammers.
Officially ******* led "Privacy for immigration support services providers," the new law creates privacy protections for immigration support service providers, employees and volunteers, including shielding their addresses and imposing penalties on those who publish their images on social media. DeMaio told Fox News Digital the bill amounts to criminalizing investigative journalism and works to "silence citizen journalists and shield taxpayer-funded organizations from public scrutiny."
"What does the Stop Nick Shirley Act do? It basically makes it illegal for a citizen journalist to document fraud of taxpayer money and post that on the internet in the form of an internet video," he said.
Newsom signed the bill into law last week, and it is set to take effect Oct. 1. DeMaio told Fox News Digital that he and a "coalition of civil liberty protectors" are prepared to file a lawsuit challenging the law.
Dems Ripped For 'Stop Nick Shirley Act' That Could 'Shield' Fraud And Abuse In California
#newsom #digital #nick #shirley
Officially ******* led "Privacy for immigration support services providers," the new law creates privacy protections for immigration support service providers, employees and volunteers, including shielding their addresses and imposing penalties on those who publish their images on social media. DeMaio told Fox News Digital the bill amounts to criminalizing investigative journalism and works to "silence citizen journalists and shield taxpayer-funded organizations from public scrutiny."
"What does the Stop Nick Shirley Act do? It basically makes it illegal for a citizen journalist to document fraud of taxpayer money and post that on the internet in the form of an internet video," he said.
Newsom signed the bill into law last week, and it is set to take effect Oct. 1. DeMaio told Fox News Digital that he and a "coalition of civil liberty protectors" are prepared to file a lawsuit challenging the law.
Dems Ripped For 'Stop Nick Shirley Act' That Could 'Shield' Fraud And Abuse In California
#newsom #digital #nick #shirley
23 days ago
A Florida grand jury found that Republican Gov. Ron DeSantis' administration "misappropriated" $10 million in taxpayer money it diverted to a charity connected to his wife, but it declined to file criminal charges due to a lack of evidence indicating who specifically was responsible.
DeSantis on Thursday did not dispute the legitimacy of the secret grand jury report obtained and published online by CBS News Miami, but he insisted no laws were broken and said whoever leaked the sealed documents would face "consequences."
The Leon County grand jury completed its report in January on investigations into Hope Florida, the charity started in 2021 by Florida first lady Casey DeSantis. Despite the lack of charges, the report ignited a new round of criticism aimed at DeSantis and other top state Republicans over the charity receiving $10 million from a state Medicaid settlement intended to help poor children get health insurance.
David Jolly, the Democratic nominee for governor, called for the grand jury probe to be reopened. He faces Republican Byron Donalds in November. DeSantis, under Florida law, cannot seek a third term.
The Hope Florida charity is supposed to help financially struggling families connect with churches and aid groups to help keep them off publicly-financed ***** istance programs. The $10 million was instead moved to political action committees that used the money to oppose a 2024 statewide ballot measure that would have legalized marijuana for adults in the state.
#grand #jury
DeSantis on Thursday did not dispute the legitimacy of the secret grand jury report obtained and published online by CBS News Miami, but he insisted no laws were broken and said whoever leaked the sealed documents would face "consequences."
The Leon County grand jury completed its report in January on investigations into Hope Florida, the charity started in 2021 by Florida first lady Casey DeSantis. Despite the lack of charges, the report ignited a new round of criticism aimed at DeSantis and other top state Republicans over the charity receiving $10 million from a state Medicaid settlement intended to help poor children get health insurance.
David Jolly, the Democratic nominee for governor, called for the grand jury probe to be reopened. He faces Republican Byron Donalds in November. DeSantis, under Florida law, cannot seek a third term.
The Hope Florida charity is supposed to help financially struggling families connect with churches and aid groups to help keep them off publicly-financed ***** istance programs. The $10 million was instead moved to political action committees that used the money to oppose a 2024 statewide ballot measure that would have legalized marijuana for adults in the state.
#grand #jury
23 days ago
The Los Angeles Lakers failed in their quest to sign Jonathan ***** inga in free agency, with the forward opting to join the Minnesota Timberwolves instead. The Lakers reportedly put a three-year, $36 million deal on the table, but ***** inga agreed to a two-year, $12 million contract with the Timberwolves.
It was an interesting decision, and ***** inga's agent, Aaron Turner, revealed to The Athletic how Anthony Edwards helped convince his client to come to Minnesota.
"Ant was super active in the recruitment of him," Turner said. "One thing he did was focus his message on, we're gonna really guard here. Everybody looked at the offensive end. JK and I looked more at the defensive end."
The Timberwolves were initially offering ***** inga just the $3.6 million veteran minimum salary, and that was too low for even Edwards to do anything. Turner unsurprisingly asked them to free up more money to put up a more appealing offer. So why did they do that now?
Well, the Timberwolves just got a new controlling owner in Marc Stad. Stad told the president of basketball operations, Tim Connelly, to do whatever it took to get up to the $6 million taxpayer mid-level exception.
#million #turner #free #year
It was an interesting decision, and ***** inga's agent, Aaron Turner, revealed to The Athletic how Anthony Edwards helped convince his client to come to Minnesota.
"Ant was super active in the recruitment of him," Turner said. "One thing he did was focus his message on, we're gonna really guard here. Everybody looked at the offensive end. JK and I looked more at the defensive end."
The Timberwolves were initially offering ***** inga just the $3.6 million veteran minimum salary, and that was too low for even Edwards to do anything. Turner unsurprisingly asked them to free up more money to put up a more appealing offer. So why did they do that now?
Well, the Timberwolves just got a new controlling owner in Marc Stad. Stad told the president of basketball operations, Tim Connelly, to do whatever it took to get up to the $6 million taxpayer mid-level exception.
#million #turner #free #year
25 days ago
In the end, Jonathan ***** inga was willing to take less money per year to get back on the market sooner rather than take a longer contract with more guaranteed money.
After intense recruiting from Anthony Edwards and others, ***** inga has agreed to join the Timberwolves on a two-year, $13 million contract, a story broken by Shams Charania of ESPN. ***** inga stepped into the taxpayer mid-level exception the Timberwolves still had available.
This is a recruiting coup for the Timberwolves, who put on a full-court press in the last month, Charania reported. That included Edwards and other players, as well as team president Tim Connelly, who reportedly had a four-hour meeting with him. ***** inga is expected to step into the starting lineup at the three next to LaMelo Ball, Edwards, Jaden McDaniels and Rudy Gobert.
The Lakers had been pursuing ***** inga to become a starter next to Luka Doncic and Austin Reaves, and they were trying to work out a sign-and-trade with Atlanta, but that would have required ***** inga to sign at least a three-year contract instead of the two in Minnesota. Plus, the Lakers and Hawks struggled to come close to a trade that worked for both sides for a variety of reasons (such as the Hawks wanting picks but not taking on players).
Kuminga did not find as robust a market for his services as he expected this summer. Atlanta chose not to pick up his $24.3 million team option, and ***** inga initially hoped for a deal in the ballpark, or at least north of $15 million. Eventually, it became about the shorter contract and the opportunity to play on a team with big expectations and to prove his value in that setting that lured him to Minnesota.
#kuminga #timberwolves #Lakers
After intense recruiting from Anthony Edwards and others, ***** inga has agreed to join the Timberwolves on a two-year, $13 million contract, a story broken by Shams Charania of ESPN. ***** inga stepped into the taxpayer mid-level exception the Timberwolves still had available.
This is a recruiting coup for the Timberwolves, who put on a full-court press in the last month, Charania reported. That included Edwards and other players, as well as team president Tim Connelly, who reportedly had a four-hour meeting with him. ***** inga is expected to step into the starting lineup at the three next to LaMelo Ball, Edwards, Jaden McDaniels and Rudy Gobert.
The Lakers had been pursuing ***** inga to become a starter next to Luka Doncic and Austin Reaves, and they were trying to work out a sign-and-trade with Atlanta, but that would have required ***** inga to sign at least a three-year contract instead of the two in Minnesota. Plus, the Lakers and Hawks struggled to come close to a trade that worked for both sides for a variety of reasons (such as the Hawks wanting picks but not taking on players).
Kuminga did not find as robust a market for his services as he expected this summer. Atlanta chose not to pick up his $24.3 million team option, and ***** inga initially hoped for a deal in the ballpark, or at least north of $15 million. Eventually, it became about the shorter contract and the opportunity to play on a team with big expectations and to prove his value in that setting that lured him to Minnesota.
#kuminga #timberwolves #Lakers
25 days ago
Social Security's 2034 trust fund depletion could slash monthly payments to 78%, making early claiming at 62 a compelling strategy for 1964-born Boomers.
$ARCC yields nearly 10% and $MO has raised dividends 57 consecutive years, both carrying Buy ratings from top Wall Street ****** ysts.
Reinvesting dividends from these 6%+ yielding stocks can more than offset the 30% reduction early Social Security claimants accept versus waiting until 67.
Act now: the ****** yst who called NVIDIA in 2010 just named his top 10 AI stocks — and United Parcel Service didn't make the cut. Grab the names FREE today.
Numerous studies indicate that the Social Security Old-Age and Survivors Insurance (OASI) trust fund is projected to run out of reserves in late 2032; while the program is not expected to go bankrupt or disappear, current taxpayers will still fund a large portion of the payments. Some project that payments could fall to 78% of a recipient's current payment. That means every $1,000 in payments could be cut to $780 if Congress does not intervene. The Social Security Administration says that if combined with the Disability Insurance trust fund, the depletion date is extended to 2034, when 83% of benefits would remain payable. The bottom line is that Congress will likely wait until the bitter end to fix things, as it has in the past.
#trust #early
$ARCC yields nearly 10% and $MO has raised dividends 57 consecutive years, both carrying Buy ratings from top Wall Street ****** ysts.
Reinvesting dividends from these 6%+ yielding stocks can more than offset the 30% reduction early Social Security claimants accept versus waiting until 67.
Act now: the ****** yst who called NVIDIA in 2010 just named his top 10 AI stocks — and United Parcel Service didn't make the cut. Grab the names FREE today.
Numerous studies indicate that the Social Security Old-Age and Survivors Insurance (OASI) trust fund is projected to run out of reserves in late 2032; while the program is not expected to go bankrupt or disappear, current taxpayers will still fund a large portion of the payments. Some project that payments could fall to 78% of a recipient's current payment. That means every $1,000 in payments could be cut to $780 if Congress does not intervene. The Social Security Administration says that if combined with the Disability Insurance trust fund, the depletion date is extended to 2034, when 83% of benefits would remain payable. The bottom line is that Congress will likely wait until the bitter end to fix things, as it has in the past.
#trust #early
25 days ago
Sources shared insights into Prince Harry's thoughts on his return to the UK. They claim that he never stopped missing Britain after stepping away from royal duties in 2020, and that it's still home to him. This piece of news comes after Harry's bold remark last year. The Duke of Sussex claimed that he couldn't "see a world" where he could bring Meghan Markle and the kids back to the UK.
A source close to the couple suggests that Prince Harry continued to miss Britain. They added, "He's missed that sense of connection and belonging. Britain is still home in many ways." However, they mentioned that the decision to relocate to the UK was taken as a family altogether. They said that for Meghan Markle, this decision seems appealing. The ***** ss reportedly feels they would be able to give their children the experience of both worlds, per a Montecito insider.
The decision to move back to the UK comes over a month after the Sussexes' private reunion with King Charles at Highgrove House. Upon their relocation, they will reportedly neither be offered taxpayer-funded security nor accommodation. They will continue to remain private individuals and stay in a non-royal base outside of London. Archie and Lilibet are also set to join a school in the UK, starting next month. The name of the school is still under wraps.
Recently, a report by The Times stated that Harry had been discussing a move to the UK for several years. However, it materialized only after a key approval involving his kids' education. "They had to wait to be told whether or not their children had got in—just like many other people waiting in mid-August. They weren't able to confirm their plans until very late in the day, because the school—rightly—works to their own timetable. There was no special treatment," the source said. Reportedly, they finalized the decision before telling King Charles, whom they officially informed on August 16.
The post Prince Harry's Feelings About Returning To The UK Revealed — Source appeared first on Mandatory.
#still #school
A source close to the couple suggests that Prince Harry continued to miss Britain. They added, "He's missed that sense of connection and belonging. Britain is still home in many ways." However, they mentioned that the decision to relocate to the UK was taken as a family altogether. They said that for Meghan Markle, this decision seems appealing. The ***** ss reportedly feels they would be able to give their children the experience of both worlds, per a Montecito insider.
The decision to move back to the UK comes over a month after the Sussexes' private reunion with King Charles at Highgrove House. Upon their relocation, they will reportedly neither be offered taxpayer-funded security nor accommodation. They will continue to remain private individuals and stay in a non-royal base outside of London. Archie and Lilibet are also set to join a school in the UK, starting next month. The name of the school is still under wraps.
Recently, a report by The Times stated that Harry had been discussing a move to the UK for several years. However, it materialized only after a key approval involving his kids' education. "They had to wait to be told whether or not their children had got in—just like many other people waiting in mid-August. They weren't able to confirm their plans until very late in the day, because the school—rightly—works to their own timetable. There was no special treatment," the source said. Reportedly, they finalized the decision before telling King Charles, whom they officially informed on August 16.
The post Prince Harry's Feelings About Returning To The UK Revealed — Source appeared first on Mandatory.
#still #school
26 days ago
The Department of Homeland Security (DHS) issued a new proposed rule for H-1B visas on Monday that would charge a $103,265 fee for all workers seeking to gain employment in the U.S. who are subject to the annual statutory cap.
Notice of the proposed rule says the fee would be used for the federal government's costs of administering the lawful immigration system, including activities carried out by the DHS and the departments of Justice, State and Labor.
"The proposed H‑1B fee is intended to recover the costs incurred across the federal government to adjudicate, vet, and support lawful immigration programs that otherwise must be funded by taxpayers," U.S. Citizenship and Immigration Services spokesperson Zach Kahler said in a release.
The move follows a federal judge's decision in June to strike down the Trump administration's previously proposed $100,000 fee for H-1B visa applications.
U.S. District Judge Leo Sorokin ruled that it was unlawful to implement a tax on visa applications, as Congress is the only legislative body with the authority to set immigration policy and taxes.
#rule #costs #Visa #department
Notice of the proposed rule says the fee would be used for the federal government's costs of administering the lawful immigration system, including activities carried out by the DHS and the departments of Justice, State and Labor.
"The proposed H‑1B fee is intended to recover the costs incurred across the federal government to adjudicate, vet, and support lawful immigration programs that otherwise must be funded by taxpayers," U.S. Citizenship and Immigration Services spokesperson Zach Kahler said in a release.
The move follows a federal judge's decision in June to strike down the Trump administration's previously proposed $100,000 fee for H-1B visa applications.
U.S. District Judge Leo Sorokin ruled that it was unlawful to implement a tax on visa applications, as Congress is the only legislative body with the authority to set immigration policy and taxes.
#rule #costs #Visa #department
27 days ago
Prince Harry and Meghan Markle have reportedly found powerful backing in their fight for security. According to a report, former Home Secretary Lord David Blunkett has suggested that the Sussexes deserve security. However, he reportedly didn't insist on the highest level of permanent protection, but a middle-tier arrangement. This news came after Harry and Markle made headlines for returning to the UK.
Prince Harry and Meghan Markle have reportedly gained backing from ex-minister Lord David Blunkett. Since stepping down as a working royal in 2020, the duke has been in a dispute with the government over his security request. But the taxpayer-funded protection was denied. Now, the Sussexes would seemingly return to the UK for a long time. Hence, they would need security, but they are still non-working royals.
Addressing security concerns, former Home Secretary Lord Blunkett told The Times (via the Mirror) what kind of protection the Sussexes should have. He explained three areas of security, where the first one is "fully blown." It provides close protection 24 hours a day. Meanwhile, there seemed to be a "middle ground" and then a third area, in which "they get a driver with security training."
According to Lord Blunkett, Harry and Meghan should get the middle area of security. It is said to be "where you have one or two officers who travel with the principal, as they call it." "The middle of that is a perfectly reasonable thing to offer for the time being, and then it could be reassessed in a couple of years."
For those unversed, a non-working royal doesn't get the privilege of the government-funded armed protection. Despite Harry taking the legal route to gain security, the UK government didn't provide it. However, Lord Blunkett told the outlet that the Sussexes should receive middle-ground security. "I think on a temporary basis it is, because he is still a very close member of the royal family."
#security #lord
Prince Harry and Meghan Markle have reportedly gained backing from ex-minister Lord David Blunkett. Since stepping down as a working royal in 2020, the duke has been in a dispute with the government over his security request. But the taxpayer-funded protection was denied. Now, the Sussexes would seemingly return to the UK for a long time. Hence, they would need security, but they are still non-working royals.
Addressing security concerns, former Home Secretary Lord Blunkett told The Times (via the Mirror) what kind of protection the Sussexes should have. He explained three areas of security, where the first one is "fully blown." It provides close protection 24 hours a day. Meanwhile, there seemed to be a "middle ground" and then a third area, in which "they get a driver with security training."
According to Lord Blunkett, Harry and Meghan should get the middle area of security. It is said to be "where you have one or two officers who travel with the principal, as they call it." "The middle of that is a perfectly reasonable thing to offer for the time being, and then it could be reassessed in a couple of years."
For those unversed, a non-working royal doesn't get the privilege of the government-funded armed protection. Despite Harry taking the legal route to gain security, the UK government didn't provide it. However, Lord Blunkett told the outlet that the Sussexes should receive middle-ground security. "I think on a temporary basis it is, because he is still a very close member of the royal family."
#security #lord
29 days ago
Minnesota Democratic gubernatorial candidate Amy Klobuchar is facing heat from her Republican opponent and critics on social media for campaigning on addressing the massive fraud scandal in her state despite not mentioning it a single time in any press release since the crisis emerged.
A Fox News Digital review found that Klobuchar's Senate office repeatedly issued press releases addressing other forms of fraud between 2022 and 2025, but a review of 1,000 of her official press-release archive found no release directly addressing or offering solutions to fix Minnesota's sprawling social-services fraud scandal or Feeding Our Future.
The $250 million Feeding Our Future scandal, that has ballooned into an overall social services scandal that prosecutors say could total over $9 billion, broke in late January of 2022. In more than 1,000 press releases from Klobuchar's office from January 1, 2022 to December 31, 2025, the Feeding our Future scandal was not mentioned in Klobuchar's releases, nor were the terms "Minnesota fraud," "social services fraud," "Medicaid fraud," "autism fraud," "Housing Stabilization Services," "child nutrition fraud," "DHS fraud," or "nonprofit fraud."
"As Feeding Our Future was breaking and all of the fraud that was being talked about, the absent voice that I was noticing was Senator Klobuchar," Minnesota Republican House Speaker Lisa Demuth told Fox News Digital in an interview on Friday.
Final Walz Fraud Report Rips 'Culture Of Tolerance' As Minnesota Taxpayers Face Billions In Alleged Losses
#minnesota #feeding #press #addressing
A Fox News Digital review found that Klobuchar's Senate office repeatedly issued press releases addressing other forms of fraud between 2022 and 2025, but a review of 1,000 of her official press-release archive found no release directly addressing or offering solutions to fix Minnesota's sprawling social-services fraud scandal or Feeding Our Future.
The $250 million Feeding Our Future scandal, that has ballooned into an overall social services scandal that prosecutors say could total over $9 billion, broke in late January of 2022. In more than 1,000 press releases from Klobuchar's office from January 1, 2022 to December 31, 2025, the Feeding our Future scandal was not mentioned in Klobuchar's releases, nor were the terms "Minnesota fraud," "social services fraud," "Medicaid fraud," "autism fraud," "Housing Stabilization Services," "child nutrition fraud," "DHS fraud," or "nonprofit fraud."
"As Feeding Our Future was breaking and all of the fraud that was being talked about, the absent voice that I was noticing was Senator Klobuchar," Minnesota Republican House Speaker Lisa Demuth told Fox News Digital in an interview on Friday.
Final Walz Fraud Report Rips 'Culture Of Tolerance' As Minnesota Taxpayers Face Billions In Alleged Losses
#minnesota #feeding #press #addressing
29 days ago
NEW YORK (AP) — Nearly 200 activists in Health Secretary Robert F. Kennedy Jr.'s "Make America Healthy Again" movement are criticizing President Donald Trump's promotion of coal to fuel the rise of artificial intelligence data centers, according to a letter sent Friday.
The letter, signed by at least two former staffers from Kennedy's 2024 presidential campaign, marks the first major MAHA movement mobilization over fossil fuels and the latest in a series of rifts between the diverse group of activists and the Trump administration over environmental policy.
The letter to Trump, Kennedy and various other Cabinet officials, first obtained by The ******* ociated Press, laments a 2025 executive order that aimed to boost coal to power data centers over pollution concerns and asks the administration to consider renewable options, including solar and geothermal energy.
"We understand the importance of American leadership in artificial intelligence, national security, innovation, and economic growth," the letter reads. "But American AI leadership should not come at the cost of a more toxic burden for American children."
In response, White House spokesperson Taylor Rogers noted that greenhouse gas emissions dropped to a 30-year low during Trump's first term and said Trump "was given a mandate to roll back the radical climate policies that are burning a hole through taxpayers' wallets."
#kennedy #coal #intelligence
The letter, signed by at least two former staffers from Kennedy's 2024 presidential campaign, marks the first major MAHA movement mobilization over fossil fuels and the latest in a series of rifts between the diverse group of activists and the Trump administration over environmental policy.
The letter to Trump, Kennedy and various other Cabinet officials, first obtained by The ******* ociated Press, laments a 2025 executive order that aimed to boost coal to power data centers over pollution concerns and asks the administration to consider renewable options, including solar and geothermal energy.
"We understand the importance of American leadership in artificial intelligence, national security, innovation, and economic growth," the letter reads. "But American AI leadership should not come at the cost of a more toxic burden for American children."
In response, White House spokesperson Taylor Rogers noted that greenhouse gas emissions dropped to a 30-year low during Trump's first term and said Trump "was given a mandate to roll back the radical climate policies that are burning a hole through taxpayers' wallets."
#kennedy #coal #intelligence
30 days ago
Socialist Nithya Raman drew loud groans and hisses from a crowd of Democrats during the Los Angeles mayoral debate after she fumbled while explaining her decision to hire the political consulting firm behind disgraced former Senate candidate Graham Platner's campaign.
After winning the Democratic primary for U.S. Senate in Maine, Platner, also a socialist, dropped out of the race in July after several ****** ual misconduct allegations. Even before the allegations arose, Platner had stirred significant controversy over his history of inflammatory statements and a chest tattoo critics say resembles a well-known ****** symbol. Though he continues to deny the ****** ual misconduct allegations and maintains his innocence, Platner remains an embarrassment for many Democrats after several prominent figures in the party endorsed and praised him.
During the debate Wednesday night, Raman, a Los Angeles City Council member and a member of the Democratic Socialists of America (DSA) Los Angeles chapter, faced questions over her decision to hire the consulting firm Fight Agency.
"[It was] reported that you've hired the same political consulting firm that managed Graham Platner's campaign in Maine, who had to resign amidst ****** ual ****** ault allegations. Is that true? And is that the best choice? And why did you make that decision?" the moderator asked.
Karen Bass Ripped After Viral Video Lays Out Taxpayer-funded Match Of Campaign Donations
#raman
After winning the Democratic primary for U.S. Senate in Maine, Platner, also a socialist, dropped out of the race in July after several ****** ual misconduct allegations. Even before the allegations arose, Platner had stirred significant controversy over his history of inflammatory statements and a chest tattoo critics say resembles a well-known ****** symbol. Though he continues to deny the ****** ual misconduct allegations and maintains his innocence, Platner remains an embarrassment for many Democrats after several prominent figures in the party endorsed and praised him.
During the debate Wednesday night, Raman, a Los Angeles City Council member and a member of the Democratic Socialists of America (DSA) Los Angeles chapter, faced questions over her decision to hire the consulting firm Fight Agency.
"[It was] reported that you've hired the same political consulting firm that managed Graham Platner's campaign in Maine, who had to resign amidst ****** ual ****** ault allegations. Is that true? And is that the best choice? And why did you make that decision?" the moderator asked.
Karen Bass Ripped After Viral Video Lays Out Taxpayer-funded Match Of Campaign Donations
#raman
1 month ago
Prince Harry and Meghan's planned return to Britain is already raising questions, with U.K. Prime Minister Andy Burnham weighing in on the couple's security arrangements.
Asked whether the government would cover their security, Burnham described the issue as a "private matter."
At the same time, news of Harry and Meghan's imminent relocation to the U.K. has left internet users shocked and full of questions about what prompted the sudden change.
Prince Harry and Meghan Markle's reported return to Britain is already drawing questions at the highest level of government.
U.K. Prime Minister Andy Burnham was asked Thursday whether taxpayers would fund security for the Duke and ****** ss of Sussex as they prepare to relocate their family from California.
#britain #prime
Asked whether the government would cover their security, Burnham described the issue as a "private matter."
At the same time, news of Harry and Meghan's imminent relocation to the U.K. has left internet users shocked and full of questions about what prompted the sudden change.
Prince Harry and Meghan Markle's reported return to Britain is already drawing questions at the highest level of government.
U.K. Prime Minister Andy Burnham was asked Thursday whether taxpayers would fund security for the Duke and ****** ss of Sussex as they prepare to relocate their family from California.
#britain #prime
1 month ago
Meghan Markle's return to the UK with Prince Harry is reportedly linked to a surprising career move. The news comes as the Sussexes prepare to relocate from Montecito to Britain this month. King Charles has reportedly been briefed on the plans and welcomed the prospect of having his youngest son and family closer.
A brand-new professional role for Meghan Markle could be driving the couple's reported return to the UK. Sources suggest that the As Ever founder has landed a major part in a British production. This is reportedly a key factor behind their move back to Britain.
In response, per the Daily Express, News.com.au's Bronte Coy noted: "What they want to do, their style of modelling moving forward, is to do the commercial things so that that then funds the other side, so obviously this is not going to be a burden on taxpayers."
Coy further explained, "People close to Harry said that he was very keen to continue this style of tour. Now that obviously was going to encompass the UK."
The 45-year-old ******* ss is best known for playing Rachel Zane in "Suits." She appeared in more than 100 episodes of the show before stepping away from acting to begin royal life. When she stepped away from acting, Markle said, "I don't see it as giving anything up, I just see it as a change. It's a new challenge."
#obviously
A brand-new professional role for Meghan Markle could be driving the couple's reported return to the UK. Sources suggest that the As Ever founder has landed a major part in a British production. This is reportedly a key factor behind their move back to Britain.
In response, per the Daily Express, News.com.au's Bronte Coy noted: "What they want to do, their style of modelling moving forward, is to do the commercial things so that that then funds the other side, so obviously this is not going to be a burden on taxpayers."
Coy further explained, "People close to Harry said that he was very keen to continue this style of tour. Now that obviously was going to encompass the UK."
The 45-year-old ******* ss is best known for playing Rachel Zane in "Suits." She appeared in more than 100 episodes of the show before stepping away from acting to begin royal life. When she stepped away from acting, Markle said, "I don't see it as giving anything up, I just see it as a change. It's a new challenge."
#obviously
1 month ago
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The U.S. government's debt has surpassed $40 trillion, according to the latest data from the Treasury. It's a staggering, hard-to-process number, totaling over $359,000 in federal debt for every American taxpayer.
Bank of America's chief equity strategist, Michael Hartnett, projects the number will swell to $50 trillion in less than three years.
"The problem with $40 trillion is not the number," Stephen Innes, financial markets **** yst and former investment bank trader, wrote in an **** ysis. "Markets have been watching the US debt clock spin higher for years and, for most of that time, the response has been little more than a shrug. Washington spends, Treasury issues, investors absorb it, and the machine keeps moving."
The largest federal budget items are Medicare/Medicaid combined (nearly $2 trillion), Social Security (over $1.6 trillion), national defense ($946 billion) — and interest on the debt (over $1 trillion).
#markets #advertiser #disclosure
The U.S. government's debt has surpassed $40 trillion, according to the latest data from the Treasury. It's a staggering, hard-to-process number, totaling over $359,000 in federal debt for every American taxpayer.
Bank of America's chief equity strategist, Michael Hartnett, projects the number will swell to $50 trillion in less than three years.
"The problem with $40 trillion is not the number," Stephen Innes, financial markets **** yst and former investment bank trader, wrote in an **** ysis. "Markets have been watching the US debt clock spin higher for years and, for most of that time, the response has been little more than a shrug. Washington spends, Treasury issues, investors absorb it, and the machine keeps moving."
The largest federal budget items are Medicare/Medicaid combined (nearly $2 trillion), Social Security (over $1.6 trillion), national defense ($946 billion) — and interest on the debt (over $1 trillion).
#markets #advertiser #disclosure
1 month ago
The Indian Government has launched a one-time tax disclosure scheme allowing small taxpayers to report certain undisclosed foreign ***** ets and income by 31 December 2026.
The Foreign ***** ets of Small Taxpayers–Disclosure Scheme (FAST-DS) was announced in the 2026–27 Union Budget.
The Income Tax Department said the move seeks to bring eligible overseas ***** ets and earnings into the tax net, while providing relief from additional penalties and prosecution.
According to a Reuters report, the scheme applies to taxpayers with undisclosed foreign income of up to Rs10m ($104,614).
For this category, the tax rate is 30%, along with an additional amount equal to the tax, resulting in a 60% effective levy on the disclosed sum.
#scheme
The Foreign ***** ets of Small Taxpayers–Disclosure Scheme (FAST-DS) was announced in the 2026–27 Union Budget.
The Income Tax Department said the move seeks to bring eligible overseas ***** ets and earnings into the tax net, while providing relief from additional penalties and prosecution.
According to a Reuters report, the scheme applies to taxpayers with undisclosed foreign income of up to Rs10m ($104,614).
For this category, the tax rate is 30%, along with an additional amount equal to the tax, resulting in a 60% effective levy on the disclosed sum.
#scheme
1 month ago
A U.S. judge on Monday blocked plans to move the FBI's headquarters to a federal office building in Washington, finding that President Donald Trump's administration illegally tossed out a previously approved plan to build a new facility nearby in Maryland.
The ruling is the latest development in a yearslong battle over where to house the main office for the nation's premier law enforcement agency. A site in Greenbelt, Maryland, was picked during former President Joe Biden's administration, but Trump appointees sought to reverse that decision last year in favor of repurposing the Ronald Reagan Building, a federal office complex a few blocks from the FBI's existing headquarters.
U.S. District Judge Theodore D. Chuang, an appointee of President Barack Obama, ruled that the move was " not in accordance with law," and blocked the Trump administration from moving the FBI to the Reagan building, renovating it for the FBI or repurposing funds.
"This is not the first time courts have tried to undermine the administration in its goal to make government more cost-effective for American taxpayers," the FBI said in a statement. "The court has chosen to impermissibly intervene for political reasons. This FBI is mission focused and will continue the best course of action to meet the needs of law enforcement."
The suit was brought by the state of Maryland and Prince George's County.
#administration #maryland #reagan #blocked
The ruling is the latest development in a yearslong battle over where to house the main office for the nation's premier law enforcement agency. A site in Greenbelt, Maryland, was picked during former President Joe Biden's administration, but Trump appointees sought to reverse that decision last year in favor of repurposing the Ronald Reagan Building, a federal office complex a few blocks from the FBI's existing headquarters.
U.S. District Judge Theodore D. Chuang, an appointee of President Barack Obama, ruled that the move was " not in accordance with law," and blocked the Trump administration from moving the FBI to the Reagan building, renovating it for the FBI or repurposing funds.
"This is not the first time courts have tried to undermine the administration in its goal to make government more cost-effective for American taxpayers," the FBI said in a statement. "The court has chosen to impermissibly intervene for political reasons. This FBI is mission focused and will continue the best course of action to meet the needs of law enforcement."
The suit was brought by the state of Maryland and Prince George's County.
#administration #maryland #reagan #blocked
1 month ago
The City of New York handles nearly 3 million tons of municipal waste every year. The majority of that gets shipped to landfills outside the city, costing taxpayers around $500 million every year. But the Sanitation Department wants to modernize New York's outdated trash system — can they? To find out, we asked an expert in environmental policy.
#department
#department
1 month ago
Privia Health (NASDAQ:PRVA) just turned in a quarter that checked every box management set for itself, and then raised the bar again for the rest of the year. On the company's August 6 earnings call, CEO Parth Mehrotra and CFO David Mountcastle laid out a business adding doctors, patients, and cash at a pace that has held for nine straight years. The question is whether the market is pricing in the streak continuing.
Privia's numbers move together. Implemented providers grew 10.1% year-over-year to 5,644, adding 109 physicians in the quarter alone, while value-based attributed lives climbed 19.2%. That combination pushed practice collections up 12.4% to $970 million in the second quarter and 13.4% to $1.88 billion for the first half. Adjusted EBITDA rose 29% to $37.4 million, with margin as a share of care margin expanding 310 basis points to 28.3%, a sign the business is getting more profitable as it scales, not just bigger.
In late May, Privia entered New Jersey, its 25th state, through a partnership with the Urology Group of Bergen County covering 25 clinicians. Commercial attributed lives rose 11.7% to 942,000, while CMS Medicare lives jumped 55%. The company now oversees an estimated $15.7 billion in total medical spend across more than 130 value-based programs, and gross provider retention has averaged 98% over the past three years. Management raised 2026 guidance across practice collections, care margin, GAAP revenue, platform contribution, and EBITDA, with attributed lives already tracking above the prior high end.
The growth story comes with a few strings attached. Privia became a full cash taxpayer this year, and management expects only 70% to 80% of full-year adjusted EBITDA to convert to free cash flow, a figure that ***** umes the company collects a significant chunk of its 2025 shared savings payments by year-end. That ***** umption now has a complication: CMS proposed changes to the Medicare Shared Savings Program for performance year 2025 that could delay final reconciliation results until November, which management says could create an atypical year-end cash flow pattern even though the accrual impact looks minimal.
The company also holds $412 million in cash with no debt, which is a comfortable cushion, but its raised guidance still ***** umes no additional business development activity, meaning any acquisitions would be upside not yet baked in.
#year #privia
Privia's numbers move together. Implemented providers grew 10.1% year-over-year to 5,644, adding 109 physicians in the quarter alone, while value-based attributed lives climbed 19.2%. That combination pushed practice collections up 12.4% to $970 million in the second quarter and 13.4% to $1.88 billion for the first half. Adjusted EBITDA rose 29% to $37.4 million, with margin as a share of care margin expanding 310 basis points to 28.3%, a sign the business is getting more profitable as it scales, not just bigger.
In late May, Privia entered New Jersey, its 25th state, through a partnership with the Urology Group of Bergen County covering 25 clinicians. Commercial attributed lives rose 11.7% to 942,000, while CMS Medicare lives jumped 55%. The company now oversees an estimated $15.7 billion in total medical spend across more than 130 value-based programs, and gross provider retention has averaged 98% over the past three years. Management raised 2026 guidance across practice collections, care margin, GAAP revenue, platform contribution, and EBITDA, with attributed lives already tracking above the prior high end.
The growth story comes with a few strings attached. Privia became a full cash taxpayer this year, and management expects only 70% to 80% of full-year adjusted EBITDA to convert to free cash flow, a figure that ***** umes the company collects a significant chunk of its 2025 shared savings payments by year-end. That ***** umption now has a complication: CMS proposed changes to the Medicare Shared Savings Program for performance year 2025 that could delay final reconciliation results until November, which management says could create an atypical year-end cash flow pattern even though the accrual impact looks minimal.
The company also holds $412 million in cash with no debt, which is a comfortable cushion, but its raised guidance still ***** umes no additional business development activity, meaning any acquisitions would be upside not yet baked in.
#year #privia
1 month ago
PARIS, Aug 14 (Reuters) - French taxpayers' data, both individuals and professionals, were stolen in a cyberattack, the French Finance Ministry said late on Thursday.
• A "malicious actor" claimed on Wednesday he broke into the tax agency, General Direction of Public Finances, in late June, the ministry said in a statement.
• Investigations confirmed the cyberattack, which led to the consulting and extraction of taxpayers' data, the statement said.
• Further probes are ongoing to determine which specific data and the exact number of taxpayers affected, the ministry said, adding further findings will be disclosed.
• "Users concerned will receive individual information specifying the data that may have been consulted or extracted and, where applicable, the precautionary measures to be adopted," the statement said.
#ministry #french #further #late
• A "malicious actor" claimed on Wednesday he broke into the tax agency, General Direction of Public Finances, in late June, the ministry said in a statement.
• Investigations confirmed the cyberattack, which led to the consulting and extraction of taxpayers' data, the statement said.
• Further probes are ongoing to determine which specific data and the exact number of taxpayers affected, the ministry said, adding further findings will be disclosed.
• "Users concerned will receive individual information specifying the data that may have been consulted or extracted and, where applicable, the precautionary measures to be adopted," the statement said.
#ministry #french #further #late
1 month ago
Black bishop and author Earl Walker Jackson, a descendant of enslaved ancestors, is criticizing the Smithsonian National Museum of American History for what he said amounts to anti-American "indoctrination" against the "greatest nation on earth."
Although his great-grandparents were enslaved, Jackson believes that "if you were born an American, you hit the proverbial lottery because you have more opportunity and hope than any people living anywhere else on the planet."
In an interview with Fox News Digital, Jackson said the latest controversy over what the White House described as the Smithsonian's woke "ideological capture" angered him because of what he views as smears against the U.S.
"It makes me angry when people do this to our country, but it's sad too because what it tells me is that the indoctrination machine is hard at work convincing people [of] this narrative," he said. "This is a wonderful country; it's the greatest nation on earth. And you've got people so indoctrinated into seeing our country sliced and diced into race and ethnicity and class and income and so forth that they fail to understand the blessing of the United States of America."
Smithsonian's Taxpayer Funds Face Chopping Block As Gop Demands Accountability For 'Woke' History
#jackson #country
Although his great-grandparents were enslaved, Jackson believes that "if you were born an American, you hit the proverbial lottery because you have more opportunity and hope than any people living anywhere else on the planet."
In an interview with Fox News Digital, Jackson said the latest controversy over what the White House described as the Smithsonian's woke "ideological capture" angered him because of what he views as smears against the U.S.
"It makes me angry when people do this to our country, but it's sad too because what it tells me is that the indoctrination machine is hard at work convincing people [of] this narrative," he said. "This is a wonderful country; it's the greatest nation on earth. And you've got people so indoctrinated into seeing our country sliced and diced into race and ethnicity and class and income and so forth that they fail to understand the blessing of the United States of America."
Smithsonian's Taxpayer Funds Face Chopping Block As Gop Demands Accountability For 'Woke' History
#jackson #country