Business

A quietly passed law cracks down on shell companies to combat corruption

For years as a federal prosecutor in New York, Daniel R. Alonso led teams that had to search through a maze of anonymously owned corporate entities to expose criminal activity. “It required all kinds of shoe-leather investigating to identify who was really behind these shell companies,” recalled Alonso. “You’d have to subpoena bank records and […]

Business

At this rate it could take 3 years for employment to recover—But here’s how stimulus could help

The recovery of the U.S. economy is clearly in a precarious spot. The unemployment rate for December remained flat from November at 6.7%, and the economy lost 140,000 jobs for the month—the first monthly net loss since April. For economists like Moody’s Analytics’ Mark Zandi, “December was a bad month for a bad year,” he […]

Business

Top congressional Democrats demand Cabinet remove Trump from office immediately

House Speaker Nancy Pelosi and Senate Democratic leader Chuck Schumer demanded that President Donald Trump’s cabinet immediately remove him from office and threatened a new drive to impeachment him if they don’t act. The two top Democrats in Congress on Thursday accused Trump of inciting the mob that stormed the Capitol and called him a […]

Business

It’s officially a blue wave. What that historically means for stocks

In November, markets surged after Joe Biden emerged as the victor in an unprecedented presidential contest—even as Democrats didn’t gain as much ground in Congress as some had anticipated. Back then, market prognosticators were enthusiastic about the prospect of a split Congress (where Republicans maintained control of the Senate) because, historically, the stock market tends […]

COVID 19 Tech

Capitol insurrection was recipe for COVID superspreader event

Enlarge / A mask is left behind in a hallway at the US Capitol January 7, 2021, in Washington, DC. The US Congress has finished the certification for President-elect Joe Biden and Vice President-elect Kamala Harris’ Electoral College win after pro-Trump mobs stormed the Capitol and temporarily stopped the process. (credit: Getty | Alex Wong) […]

Business

4 people died as Trump supporters stormed the Capitol

Four people died as supporters of President Donald Trump violently occupied the U.S. Capitol. Washington, D.C., Police Chief Robert Contee said the dead on Wednesday included a woman who was shot by the U.S. Capitol Police, as well as three others who died in “medical emergencies.” Police said both law enforcement and Trump supporters deployed […]

Business

3 ways that Trump and congresspeople could be expelled from office after Wednesday’s attempted coup

What began as a day of protests in Washington D.C. soon turned deadly as supporters of President Donald Trump stormed the Capitol building—pushing past metal barricades, security guards, and inciting violence—to stop the peaceful transition of power from Trump to President-elect Joe Biden while falsely asserting that the election had been stolen.  The mob plowed […]

Business

Attempted coup at Capitol presents key opportunity for cyberattack, experts warn

Rioters who breached the U.S. capitol building have been spotted sitting at congressional desks with physical access to desktop computers and other devices. According to experts, there’s low risk that the rioting will pose a direct threat to the security of the Capitol’s computer networks or information on devices. But the chaos may be a […]

Business

What took the National Guard so long?

As supporters of President Trump descended on Washington on Wednesday, broke glass, and stormed the Capitol building where Congress was in the midst of certifying the Electoral College’s vote for Joe Biden, the same question echoed around the country: Where is the National Guard? Capitol Police, a federal law enforcement agency charged with protecting Congress, […]

Business

Everything jobless Americans need to know about the $300 unemployment benefit

President Donald Trump on Sunday backed off his veto threat and signed the $900 billion stimulus bill—a move that should immediately benefit millions of unemployed Americans, even if its $600 checks have been roundly criticized as insufficient relief for the economic damage wrought by the coronavirus pandemic. For starters, the package will bring back weekly […]