List of All Articles with Tag 'l'

European Central Bank officials are starting to accept that interest-rate increases might need to continue in September to

The Justice Department on Wednesday unsealed 13 federal charges against Rep. George Santos -- including fraud related to Covid benefits and using campaign funds for luxury clothing

The $85 billion firm owned by Liechtenstein’s royal family is sending its cash well off the beaten path

In America, "Ford truck" usually means the F-series, the best-selling truck here for decades. But in many parts of the world, it probably means the Ford Ranger.

Signs of moderating price pressures in April will give Federal Reserve officials room to pause their aggressive tightening

George Santos has been arrested after surrendering himself to authorities at a federal court on Long Island on Wednesday morning. The congressman for New York’s third district, who won his election after a campaign that was littered with lies about his past, was arrested shortly after 9am. He slipped past dozens of reporters to enter via a backdoor of the building. The indictment, which was unsealed on Wednesday, alleges a series of fraudulent schemes over several years. Mr Santos has been charged with seven counts of wire fraud, three counts of money laundering, one count of theft of public funds, and two counts of making materially false statements to the House of Representatives. “Taken together, the allegations in the indictment charge Santos with relying on repeated dishonesty and deception to ascend to the halls of Congress and enrich himself,” Breon Peace, the US attorney for the Eastern District of New York, said in a statement. The arrest represents a rapid rise and fall for a man his own constituents decried as an “imposter,” but whom national Republicans utilised in order to bolster their narrow majority in the House. In the 13-count indictment, federal prosecutors accused Mr Santos of lying on financial disclosure forms he filed to the House when he became a candidate, first by overstating his income from one job and failing to disclose income from another, and secondly by lying about his earnings from his company, the Devolder Organization. Prosecutors also allege that Mr Santos fraudulently used donations to his political campaign for his own benefit, spending “thousands of dollars of the solicited funds on personal expenses, including luxury designer clothing and credit card payments.” The indictment alleges that Mr Santos’s fraud began before his successful run for Congress, accusing him of running an unemployment insurance fraud scheme in which he applied for government assistance in New York while still employed by a Florida-based investment firm. The sweeping charges follow a steady drumbeat of revelations about Mr Santos in the press dating back to his campaign. Mr Santos was elected to represent New York’s 3rd Congressional District in November 2022, defeating Democrat Robert Zimmerman by a margin of 54 per cent to 46 per cent. Soon after that victory, it emerged that Mr Santos had lied about much of his personal history and work experience. A New York Times investigation found that he had lied about working for Citigroup and Goldman Sachs, lied about the college he attended, fabricated an animal charity, that the company from which he had earned a salary of $750,000 and dividends of $1m did not have any online presence, lied about saying he lost four employees in the Pulse nightclub shooting in Orlando, Florida, in 2016, and that he faced criminal charges in Brazil for cheque fraud. The revelations set off a firestorm in his district. A local pressure group started by local citizens was formed with the aim of forcing Mr Santos from office. Concerned Citizens of NY03 held regular protests outside his campaign office and called on Republican leaders to expel him from Congress. But Republican House majority leader Kevin McCarthy — the person with the power to call the vote — refused to do so, instead leaving his fate to the House Ethics Committee. Reacting to news that charges were imminent on Tuesday, Mr McCarthy signalled that Mr Santos would be allowed to continue serving in Congress. “I’ll look at the charges,” he told reporters. “If a person is indicted, they’re not on committees. They have the right to vote, but they have to go to trial.” On Wednesday, Concerned Citizens of NY03 renewed their call for Mr McCarthy to expel Mr Santos. “The world has known for months that Santos is a liar, an imposter, a criminal. The only thing we didn’t know was which of his many crimes would be prosecuted first. It’s beyond time for Speaker Kevin McCarthy to withdraw his support for Santos and show him the door,” the group said in a statement. Since Mr Santos was sworn into office in January, revelations about his past have continued to emerge. The most recent report found that Mr Santos was charged with writing bad checks to purchase puppies from Amish farmers in 2017. That case was dismissed after Mr Santos claimed his checkbook had been stolen, and that someone else had taken the dogs. Mr Santos, 34, has apologised for what he described as “résumé embellishment,” but has refused to resign. Read More George Santos: Every lie disgraced Republican Congressman has been accused of making In George Santos’s district, setting of The Great Gatsby, cries of ‘imposter’ abound From resume lies to criminal charges: A timeline of George Santos’ many scandals Can George Santos still serve in Congress even if he is convicted? Kevin McCarthy dodges questions about George Santos and Donald Trump

First Citizen BancShares Inc on Wednesday reported a gain of $9.82 billion in the first quarter from its

By Howard Schneider WASHINGTON Federal Reserve officials may still be fighting an inflation war, but they nevertheless opened

Costa Rica’s days of living beyond its means and running up reckless amounts of debt are over, said

By Orhan Coskun ANKARA Turkey's economy is bracing for a "lost year" no matter who wins landmark elections

A restaurant reviewer has received her own damning assessment after she penned a brutal critique of what was clearly a lovely restaurant. The unnamed commentator awarded the establishment a one-star rating, which she accompanied with a lengthy explanation of why she’d been so unimpressed. She began her Yelp review by condemning the “cheap management and customer service” before, surprisingly, dedicating an entire paragraph to how fantastic it all was. “I heard the food was very good so I went to try. Me and the [boyfriend] got the calamari, spaghetti alle vongole, and gnocchi. All were very delicious,” she wrote. Sign up for our free Indy100 weekly newsletter “I was actually so impressed that when the manager came to ask us how everything tasted I told her it was some of the best Italian food I’ve had, and I told her I’m going to post about it on Instagram where I have over 11 thousand followers and a lot of them are in the area. She seemed very happy about it.” Then, in a surprise turn of events, she continued: “I was wrong. “I thought that she would be grateful for the free advertising but when the check came there was literally no discount at all. “I thought at least one of the entrees (American for main course) would be taken off but they didn’t even take off the calamari or even the drinks!” Wrapping up her rant, she concluded: “I won’t go back there because of this. Which is a shame because the food was very good. “The manager needs to understand how to treat customers.” Her post has been met with horror, incredulity and more than 4,700 comments on Reddit since it was shared on the forum r/mildlyinfuriating earlier this week. “It’s literally the purpose of a restaurant,” one user pointed out. “They make good food. You eat it. You pay for it. Restaurant gets money. Serves the next table. Everyone is happy and moves on with their day.” “The sense of entitlement for having 11k followers on some random account is unreal,” wrote another. “I like the places that charge double to influencers,” remarked a third. “It’s not ‘free advertising’ if you’re expecting compensation in the form of free food,” noted a fourth. Meanwhile, scores of others agreed that her review had, in the end, worked in the restaurant’s favour. “I'm more likely to read a 1 star review at a place that has mostly good reviews [...] I want to know if there's a specific reason I shouldn't eat there,” one wrote. “This is effectively a 5 star review that more people are going to read than most other 5 star reviews.” Elsewhere, sceptics suggested that the whole thing was an ingenious publicity stunt. “This has got to be guerrilla marketing because the first thing I thought was ‘great food and they don't kowtow to influencers?? I want to go to there!’,” one said. And another added: “Kinda disappointed that we don't get to see the name of the restaurant. It's probably nowhere near me, but it might be nice to have a dining recommendation in case I ever travel near it.” Have your say in our news democracy. Click the upvote icon at the top of the page to help raise this article through the indy100 rankings.

The United States isn't the only country that puts a limit on how much money its government is allowed to borrow. But it is the only nation regularly pushed to the brink of a political and economic crisis as a result.