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Criminals stole billions in COVID-19 unemployment benefits New relief bill won t stop a repeat

Criminals stole billions in COVID-19 unemployment benefits. New relief bill won t stop a repeat Sarah D. Wire © (Rich Pedroncelli / Associated Press) Congress is considering billions more in unemployment aid. The state Employment Development Department, above, reported that $30 billion may have been stolen last year. (Rich Pedroncelli / Associated Press) Congress is poised to approve another quarter-trillion dollars in COVID-19-related unemployment benefits even though the nation s patchwork, state-based system remains vulnerable to the same rampant fraud that allowed scammers last year to siphon off more than $40 billion in pandemic relief intended for needy Americans. That means the $1.9-trillion stimulus package headed for approval in Congress this month including another $260 billion in unemployment insurance is likely to bring another windfall for cyber criminals, including many foreigners impersonating laid-off workers and exploiting loopholes creat

2:00PM Water Cooler 2/26/2021 | naked capitalism

Biden triumphalism: – We ve increased vaccine supply to states by 70% – Nearly 60% of people 75+ have now received at least one shot that was 14% 6 weeks ago – Almost 50% of the people 65+ have at least one shot now that was 8% 6 weeks ago As I posited a few weeks ago, I think if swapping in a new administration was a key driver, we’d see the slope of vaccination increase given a decent interval after the Inaugural. We’re not seeing that. I think, instead, we’re seeing collective efforts at improving delivery and uptake all across our Federalized fragmented system. The Biden administration does not get to speak for “we” here.

Inside Biden s Left-Wing Brain Trust

Inside Biden s Left-Wing Brain Trust
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The Green Bubble

The Green Bubble February 13, 2021, 8:24 AM·36 min read Yes, I am going to talk about bubbles again, but once again about one specific bubble: the bubble in anything (supposedly) green, particularly if it can be tied to the war against climate change. Like many of the asset-price bubbles of our current moment, this one is not entirely irrational. Not only are green assets being “revalued” (to use a term that implies rather more calculation than is really the case) in the light of the general mispricing of risk that is the product of today’s artificially low interest rates, but, as I have noted before, buying green is supported by some arguments that have little to do with value, but a great deal to do with price.

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