Tag: economy

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South OC Spa Bomber Sentenced For Fraud Scheme

A Long Beach man who is serving a life sentence for planting a homemade bomb that killed his ex-girlfriend and injured two others at an Aliso Viejo day spa in 2018 was sentenced Thursday to an extra three years and one month in federal prison for a fraud scheme he concocted years before the bombing.

Inside the Sean ‘Diddy’ Combs’ raids: Emptied safes, dismantled electronics, gun-toting feds

It was a major show of force: Dozens of agents, some heavily armed, descending on Sean “Diddy” Combs’ estates in Los Angeles and Miami.

Fallen crypto mogul Sam Bankman-Fried sentenced to 25 years in prison

Crypto entrepreneur Sam Bankman-Fried was sentenced Thursday to 25 years in prison for a massive fraud on hundreds of thousands of customers that unraveled with the collapse of FTX, once one of the world’s most popular platforms for exchanging digital currency.

Why are so many dying in California jails?

More people are dying in California jails than they did before the pandemic, and it’s not because of COVID-19.

EXPLAINER: What does a US ban on Russian oil accomplish?

With Russia intensifying its war on Ukraine, killing civilians and triggering a mass refugee crisis, President Joe Biden on Tuesday announced a U.S. ban on imported Russian oil. Critics of Russia have said that sanctioning its energy exports would be the best — perhaps only — way to force Moscow to pull back.

Oil prices jump, shares sink as Ukraine conflict deepens

Oil prices jumped and shares were sharply lower Monday as the conflict in Ukraine deepened amid mounting calls for harsher sanctions against Russia.

Economic dangers from Russia’s invasion ripple across globe

Moscow’s war on Ukraine and the ferocious financial backlash it’s unleashed are not only inflicting an economic catastrophe on President Vladimir Putin’s Russia. The repercussions are also menacing the global economy, shaking financial markets and making life more perilous for everyone from Uzbek migrant workers to European consumers to hungry Yemeni families.

Study: Child poverty rising after tax credit expires

The number of children in America living in poverty jumped dramatically after just one month without the expanded child tax credit payments, according to a new study. Advocates fear the lapse in payments could unravel what they say were landmark achievements in poverty reduction.

US accuses China of backing away from free-trade commitments

The United States has accused China of failing to meet its commitments to the World Trade Organization and says it is exploring new ways to combat aggressive Chinese trade practices.

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Inside the Sean ‘Diddy’ Combs’ raids: Emptied safes, dismantled electronics, gun-toting feds

It was a major show of force: Dozens of agents, some heavily armed, descending on Sean “Diddy” Combs’ estates in Los Angeles and Miami.

Fallen crypto mogul Sam Bankman-Fried sentenced to 25 years in prison

Crypto entrepreneur Sam Bankman-Fried was sentenced Thursday to 25 years in prison for a massive fraud on hundreds of thousands of customers that unraveled with the collapse of FTX, once one of the world’s most popular platforms for exchanging digital currency.

Why are so many dying in California jails?

More people are dying in California jails than they did before the pandemic, and it’s not because of COVID-19.

Why California Democrats are divided on retail theft bill

Legislators may be off for spring recess, but debates about their bills are still happening outside committee rooms.
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