Why Is U.S. Sitting on $4 Billion in Madoff Fund?

Irving Picard

  There’s a $4 billion pot of cash at the Department of Justice for victims of Bernard L. Madoff’s Ponzi scheme. Thousands of them have been trying to tap the fund since it was set up three years ago, without seeing a penny. Many are elderly and live modestly; some have lost their life savings; many are losing their patience. Daphne Brogdon, More...

Wizz Air to Launch New Israel-Romania Route

Airbus-A320-WizzAir

Low-cost airline company  Wizz Air will launch a new route between Israel and Romania in the summer. From July 1, Wizz Air will operate two weekly flights on Tuesdays and Saturdays More...

IRS Computer Problems Shut Down E-File System

IRS

  The IRS has announced that they suffered a hardware failure today, and that the IRS is working to make repairs and restore service but cannot offer a firm date for when More...

Facebook Expanding ‘Like’ To ‘Haha,’ ‘Wow’ And More in Coming Weeks

facebook like

  Facebook Chief Executive Mark Zuckerberg initially hinted about the new features last September, but Bloomberg BusinessWeek first reported details of the forthcoming More...

Sumner Redstone Resigns as CBS Executive Chairman, Replaced by Leslie Moonves

sumner-redstone-resigns-as-cbs-executive-chairman

  CBS executive chairman Sumner Redstone is resigning and network President & CEO Les Moonves being named the new chairman. Shari  Redstone will continue with her duties More...

uri_avnery Uri Avnery: Optimism of the Will

SO NOW we have another anti-Semite. Mazal Tov (“good luck”) as we say in Hebrew. His...

Nouriel Roubini ‘Dr. Doom’ Nouriel Roubini: The Global Economy’s New Abnormal

NEW YORK – Since the beginning of the year, the world economy has faced a new...

Kenneth Rogoff Professor of Economics at Harvard University Kenneth Rogoff: The Great Escape From China

CAMBRIDGE – Since 2016 began, the prospect of a major devaluation of China’s renminbi has been...

Three Hamas Tunnels in Gaza Collapse Amid Palestinian Claims of Israeli Flooding

Mideast Palestinians Egypt Border Crackdown

  In one week three Hamas tunnels in the Gaza Strip collapsed. Two of them on Wednesday evening after More...

Analyst: Hamas Continues Tunnel Building, Threatening Israel While Leaving Gaza in Misery

The expense and effort that the terrorist organization Hamas is putting into building attack tunnels More...

Ukrainian Business Heavyweights Declare Intent to Play Fair

  Ukraine has a reputation of a being an oligarch-run country with huge vested interests in government More...

George Soros’ Son​ and Soon-to-Be Ex ​Settle Dispute Over $21 Million in Tax Refunds

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  Billionaire George Soros’ son​ and the son’s soon-to-be ex-wife ​settled their dispute over More...

Landmark Delaware North Trademark Battle Hearkens Back to Maid of the Mist

  Delaware North owner Jeremy Jacobs Sr. has apparently taken a page from Maid of the Mist owner Jimmy More...

Judge Rejects Dov Charney’s $300 Million Bid to Take Back Bankrupt American Apparel

  American Apparel founder Dov Charney has lost his last-ditch attempt to wrest back control of the More...