Monthly Archives: November 2022

Why a federal court blocked Biden’s student-debt cancellation even after a major loan company undermined a key argument in the GOP-led lawsuit

U.S. President Joe Biden, joined by Education Secretary Miguel Cardona, speaks on student loan debt in the Roosevelt Room of the White House August 24, 2022 in Washington, DC. Alex Wong/Getty Images The 8th Circuit blocked Biden’s student-debt relief in response to a lawsuit filed by six GOP-led states. It said the states’ argument that…

The Pentagon says the US would ‘defend every inch of NATO territory’ after reports that Russian missiles killed 2 people in Poland

President of the United States Joe Biden during the press conference on the final day of the NATO Summit in Madrid, Spain on June 30, 2022. Photo by Jakub Porzycki/NurPhoto via Getty Images A top US defense official repeated that the US would “defend every inch of NATO territory” after reports surfaced that Russian missiles…

Shark Tank’s Kevin O’Leary, an FTX spokesperson, explains his next move after the crypto collapse and how he tried to rescue Sam Bankman-Fried

Shark Tank’s Kevin O’Leary O’Leary Ventures In an interview with Insider, Kevin O’Leary explained his next move now that FTX, a company he invested in, filed for bankruptcy.  The “Shark Tank” investor said he’s moving his assets to Canada, and will no longer keep funds in unregulated exchanges.  He also broke down details of his…

BlockFi is reportedly preparing for layoffs and may file for bankruptcy as FTX’s implosion weighs on the the crypto lender

Illustration photo shows a smart phone screen displaying the logo of FTX, the crypto exchange platform, with a screen showing the FTX website OLIVIER DOULIERY/AFP via Getty Images BlockFi is preparing for possible bankruptcy amid “significant exposure” to failed exchange FTX, WSJ reported.  BlockFi last week paused withdrawals and limited activity on the exchange, and…

A man disparaging Jews and someone pretending to be H.R. McMaster just created federal campaign committees. It may be weeks before regulators do anything about it.

The Federal Election Commission logo at its headquarters in Washington, DC. Sarah Silbiger/CQ Roll Call Two recently established political committees appear to violate FEC regulations. One committee uses a potential candidate’s name without their permission. The other includes antisemitic language in its name. Despite the violations, it may take regulators days or weeks to address…

Xbox streaming box would have been too expensive, Microsoft says

Image credit: Phil Spencer (@XboxP3 on Twitter) Microsoft has revealed it shelved plans to launch an Xbox streaming box because it couldn’t get the price low enough to make it an attractive proposition for consumers. According to Xbox boss Phil Spencer, who confirmed the existence of the ‘Keystone’ box earlier this year, Microsoft was unable…