British Citizen Charged With $99 Million Wine Fraud

A police mug shot of Italian-born American swindler Charles Ponzi (1882 – 1949) after his arrest for … More forgery under the name of Charles Bianchi, Montreal, Canada, 1909. Ponzi later served 14 years in jail in the US after the collapse of his fraudulent investment scheme, whereby early investors were paid from the investments…

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German defence minister calls on arms makers to deliver

Germany’s defence minister has told weapons makers to stop complaining and “deliver” on re-arming Europe, as he called for production to increase to match his country’s booming spending plans. Boris Pistorius told the Financial Times his government had addressed long-standing industry concerns by streamlining hundreds of billions of euros of new military spending. “There is…

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Quordle hints and answers for Monday, July 14 (game #1267)

Looking for a different day? A new Quordle puzzle appears at midnight each day for your time zone – which means that some people are always playing ‘today’s game’ while others are playing ‘yesterday’s’. If you’re looking for Sunday’s puzzle instead then click here: Quordle hints and answers for Sunday, July 13 (game #1266). Quordle…

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Banking Panics In The Past—That Was The Government

Cortelyou shuffled that paper in a not-so-efficient way (Photo by Heritage Art/Heritage Images via … More Getty Images) Heritage Images via Getty Images We need the Federal Reserve because before we had it, the private banking system had panics all the time. Goodness gracious to we hear this justification for the Fed without surcease. We…

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