Washington is taking another crack at the one thing that really scares Xi Jinping. The U.S. Intelligence Community (IC) is investigating the wealth of the General Secretary of the Chinese Communist Party (CCP) – that’s Xi Jinping, and the other six members of the Politburo Standing Committee, along with the full 25-member Politburo. The FY 2026 Intelligence Authorization Act (Section 513) requires the Director of National Intelligence (DNI) to draft the report – and to look at assets, financial holdings, real estate, and business interests – to include those held outside China. The report will also include the ‘cut outs’ and ‘fronts’ enabling and obscuring Xi and top officials’ ownership. The final report is due out…Open
Near the midpoint of the year, stocks and bonds both report good returns. But the global stock market has become highly concentrated, our columnist says.
The German auto giant’s push into China powered it for decades, but now the company faces fierce competition from Chinese automakers in markets around the world.
Fahima Egeh Mahamud admitted to stealing millions through fraudulent claims tied to federal and state assistance programs, exposing significant vulnerabilities in public-benefits oversight.
A Minneapolis daycare owner admitted to stealing millions through fraudulent claims tied to federal and state assistance programs, exposing significant vulnerabilities in public-benefits oversight. PULSE POINTS WHAT HAPPENED: Fahima Egeh Mahamud, the former CEO of Future Leaders Early Learning Center in Minneapolis, pleaded guilty to wire fraud and conspiracy to defraud the United States. She admitted to stealing over $4.6 million by submitting approximately 13,000 fraudulent reimbursement claims through Minnesota’s Child Care Assistance Program and the federal Child Nutrition Program. DETAIL: Mahamud’s daycare, located near George Floyd Square, falsely claimed to have served thousands of meals to children, including documentation…Open