Swiss Bank to Pay $122.9 Million for Hiding $5.6 Billion from IRS Geneva-based Banque Pictet & Cie SA has admitted to conspiring with U.S. taxpayers to hide over $5.6 billion from the Internal Revenue Service. The private banking division of the 218-year-old Pictet Group will pay about $122.9 million in restitution and penalties as part…
U.S. Special Presidential Envoy for Climate, John Kerry, spoke at a COP28 session in Dubai on December 2, 2023. He emphasized the importance of countries prioritizing the fight to keep global warming to 1.5 degrees Celsius. This comes after the COP28 president, Sultan Al-Jaber, made remarks suggesting that there was “no science” behind calls for…
The House of Representatives voted to expel Representative George Santos from Congress on Friday due to his numerous campaign lies and alleged finance crimes, further reducing the narrow majority held by the GOP. The resolution passed with a vote of 311-114, exceeding the two-thirds majority required. This marks Santos as the sixth House member in…
Henry Kissinger, the esteemed Holocaust survivor, Harvard professor, and influential U.S. diplomat, has passed away at the age of 100. Kissinger, who was known for his role in Nixon’s administration, died at his home in Connecticut. His death was confirmed by Kissinger Associates. During his time as President Richard Nixon’s top foreign policy aide, Kissinger…
JPMorgan Chase CEO Jamie Dimon stated at the New York Times annual DealBook summit on November 29, 2023, that his bank would exit China if the U.S. government ordered him to do so. Dimon expressed this during a discussion about a potential future conflict over Taiwan, emphasizing that “If there’s a war in Taiwan, you…
President Joe Biden addressed corporations on Monday, criticizing them for maintaining artificially high prices as inflation has slowed and some shipping costs have decreased. He called for the end of price-gouging and urged corporations to give American consumers a break. While the annual rate of inflation has cooled from its peak in the summer, it…
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Ukrainian Forces Cross Dnieper River Into Occupied Territory, Sparking Hopes of Counteroffensive After confirmation that Ukrainian forces have successfully crossed the Dnieper river, hopes of a breakthrough in the six-month counteroffensive against Russia have risen. The Dnieper river has been a key front line in the southern Ukrainian region of Kherson, with Ukrainian troops on…
Three Palestinian students were shot near the University of Vermont on Saturday night, with two of the victims in stable condition and the third facing more serious injuries, according to a report from the Burlington Police Department. The victims, all 20-year-old men, were on their way to a Thanksgiving dinner when they were shot, with…
FCC proposes rule to ban early termination fees for cable and satellite service contracts The Federal Communications Commission (FCC) announced on Tuesday a proposal to ban early termination fees for cable and satellite service contracts, a move that aims to give more control to consumers. Under the proposed rule, cable operators and direct broadcast satellite…
