finance articles today

Former NYU administrator charged for orchestrating .5M fraud scheme
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Former NYU administrator charged for orchestrating $3.5M fraud scheme

A former New York University director of finance allegedly siphoned $3.5 million meant for minority and women-owned businesses and blew some of the cash on himself — including on an $80,000 pool for her Connecticut home, prosecutors said Monday. Cindy Tappe, 57, was charged with diverting funds from the New York State Education Department grants into shell companies that she created over a six-year scheme that was discovered in 2018, when she left NYU, according to the Manhattan District Attorney’s Office. Some of the embezzled money went to expenses related to the grants or employee reimbursement — but at least…
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Lawmakers quick to unload FTX founder’s contributions
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Lawmakers quick to unload FTX founder’s contributions

WASHINGTON (AP) — A writer’s workshop in Alaska. Food bank in California. A charity that fights diabetes. Lawmakers who accepted piles of cash from one time wunderkind Samuel Bankman-Fried now can’t move fast enough to offload their contributions from the disgraced crypto mogul to anywhere else but their own campaign coffers. Before his arrest in the Bahamas this week, Bankman-Fried, the former CEO of cryptocurrency exchange FTX, was a prolific political donor to individual candidates — from local campaigns all the way up to President Joe Biden — as well as super PACs that can wield outsized influence in campaigns.…
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Is It Time to Cut Back on Alcohol?
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Is It Time to Cut Back on Alcohol?

December 12, 2022 · 7:00 AM“Is the room spinning, or is it just me?” A few months ago I ran across a thoughtful article by Morris van de Camp entitled Love Drinking Less. It’s well worth a read if your alcohol consumption is out of control or heading that way.Alcohol is a two-edged sword. On the one hand it makes life fun and turns strangers into intimate friends in the course of an evening; on the other, it makes a person dysfunctional. Very dysfunctional. Productive time is lost, relationships are damaged, and health is harmed.I cannot say…
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Grain Deal, Zelenskiy to Speak After US Rebuff
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Grain Deal, Zelenskiy to Speak After US Rebuff

(Bloomberg) — Damage to Ukraine’s infrastructure from Russian missile attacks since the war’s start may exceed $100 billion, the country’s Finance Minister Serhiy Marchenko said. Most Read from Bloomberg Wheat, corn and soybean oil losses extended after Ukraine’s infrastructure minister, Oleksandr Kubrakov, said a Black Sea grain-export deal would be prolonged by 120 days. Two Russians and a Ukrainian were found guilty by a Dutch court of carrying out an attack on Malaysia Airlines flight MH17 in 2014 that led to the deaths of all 298 people on board. And President Volodymyr Zelenskiy said officials will travel to the site…
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What happened in the midterms? Breaking down 2022’s “election influencers”
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What happened in the midterms? Breaking down 2022’s “election influencers”

before the midterm elections, the contest had been framed — by the parties and voters alike — as concerns about economic forces set against concerns about rights and democracy. Those forces remained through Election Day, when our key groups of influencers really held sway. Here we unpack some of that influence from our exclusive CBS News election voter poll, which was unveiled on election night. What gave Republicans their (narrow) edge? “Pressured Parents” The Republicans will probably win the national house vote in part helped by these voters, albeit narrowly. These were parents who have experienced post-pandemic stress over their…
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