This week, the Department of Homeland Security Inspector General released a second Transportation Security Administration (TSA) inspection report concerning the latter’s failure to properly background-check 73 individuals with clear “ties to terrorism”. This resulted in the 73 being given employment at various U.S. airports, some with major airlines. Following on(…)

Three weeks ago, Corinthian Colleges, one of the largest for-profit U.S. educational institutions, was forced to close all of its campuses because of bankruptcy, leaving 78,000 students out in the cold and the government with $200 million of federal student loan debt. Because the government forced Corinthian’s closure, the students(…)

Late last week, it was revealed that the International Monetary Fund (IMF) had serious concerns regarding the U.S. economy and the “over-appreciation” of the dollar. The IMF’s Managing Director, Christine Lagarde, spoke of a lack of “tangible signs of wage or price inflation” and “pockets of vulnerability” within the economy(…)

During the fiscal years 2011 through to 2013, the cost of keeping federal employees on administrative leave whilst they awaited disciplinary action for work-placed malpractice totaled $3.1 billion. At the end of last month, Katherine Archuleta, Director of the U.S. Office of Personnel Management (OPM), reported that the agency would(…)

It is a common occurrence in the Eurozone, and it now appears the U.S. is to follow suit. Using the term “Balance Sheet Utilization Fee”, J.P. Morgan is now charging some customers 1% to deposit their cash with the bank. This is viewed by many financial analysts as a way(…)

President Obama today expressed his continuing confidence in the Transportation Security Administration (TSA), despite recent covert tests where 95% of mock explosives and weapons were allowed through airport security. 70 U.S. airports were involved in the testing, requested by the Homeland Security Inspector General, yet only 3 of those were(…)

After the horrifying Amtrak disaster that killed eight people last week, some members of Congress have decided that one of the causes of the disaster was a lack of funding to the Northeast Corridor route – the spot where the train derailed. House Speaker John Boehner (R-Ohio), however, made it(…)

Cited by its proposers, Obamacare was meant to see a clear reduction in the number of people visiting ER, as the opportunity to see a regular physician grew more expansive. A recent American College of Emergency Physicians report shows that is not the case. According to their survey, 3 out(…)

The IRS has paid out $5.6 billion in education credits to over 3 million people who are not actually entitled to claim them, J. Russell George, Treasury Inspector General, has said in a new report. Taxpayers are able to offset their educational costs through these credits, which have become a(…)

Approximately half of the Obamacare insurance marketplaces are now hitting financial problems – primarily caused by call centers that are too expensive to operate efficiently, technology that does not do what it was designed for and limited take-up numbers. Its officials now have no option but to look to state(…)