Florida Governor Ron DeSantis has proposed closing four federal agencies - Education, Commerce, Energy, and IRS - if he is elected president, in order to reduce the size of government and push back against "woke ideology" and "leftism". The proposal has been met with mixed reactions, with supporters arguing it would reduce costs and critics arguing it could lead to job losses. DeSantis has vowed to use the agencies to push back against "woke ideology" if Congress does not go along with his plan.
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President Joe Biden delivered a major economic speech in Chicago on Wednesday, touting his administration's efforts to spark recovery after Republican policies had crushed America's middle class. A new poll from The Associated Press-NORC Center for Public Affairs Research showed that only one in three U.S. adults approve of Biden's economic leadership, which is even lower than his overall approval rating. Biden will continue to push his economic agenda and make the case for why his policies are the best way forward for the country.
This article discusses a new report from the Small Business Administration (SBA) which reveals that over $200 billion in federal aid to small businesses during the pandemic may have been given to fraudsters. The SBA Office of Inspector General found that the agency weakened or removed certain requirements to distribute the funds quickly, allowing fraudsters to take advantage of the situation. The SBA has since implemented measures to prevent fraud and is encouraging small business owners to report any suspicious activity to the SBA Fraud Hotline.
Ryan Reynolds and Rob McElhenney have joined an investment group taking a 24% stake in Formula 1 team Alpine Racing, worth approximately $218 million. This transaction values Alpine Racing Ltd. around $900 million and will "accelerate Alpine's growth plans and sporting ambitions in F1". The two actors have previously completed a $2.5 million takeover of Welsh soccer team Wrexham and are now looking to make a success of their latest investment in Formula 1.
On Monday, the ruble reached a 14-month low after an aborted weekend mutiny in Russia led by Yevgeny Prigozhin, the chief of Russia's Wagner mercenary group. The rebellion was ended after the Kremlin made an agreement to send Prigozhin to Belarus, and pardon him and his soldiers, brokered by Belarusian leader Alexander Lukashenko. Former U.S. director of national intelligence James Clapper said the deal appears "fishy," raising concerns about stability in the nuclear-armed country.
Last week, the Republican Study Committee released a 167-page document proposing changes to Social Security and Medicare, including privatization of Medicare and adjustments to the retirement age for future retirees. The White House has rejected the proposal, while Senator Rick Scott is considering a run for the White House despite receiving little support on Twitter.
Overstock.com has won an auction for the bankrupt Bed Bath & Beyond's intellectual property and digital assets for $21.5 million, allowing them to continue selling the retailer's goods online. JOWA Brands was selected as a backup bidder for Bed Bath's Wamsutta brand. The sale of Bed Bath & Beyond's assets marks the end of an era for the home goods retailer, with the future of its brick-and-mortar stores uncertain.
Key takeaways: In 29% of heterosexual marriages today, women and men earn about the same. The study found that wives in these marriages spend roughly…