🇺🇸 - Five current and former IRS employees have been charged in a scheme to fraudulently collect COVID-19 aid.
According to court documents, the defendants tried to obtain a total of USD 1 million by submitting false applications.
According to the Department of Justice, the defendants used the money for cars, luxury goods and personal travel. Brian Saulsberry of Memphis obtained USD 171 400 and is accused of buying a Mercedes and cushioning a personal investment account.
Tina Humes, also of Memphis, received USD 123 612 according to the DOJ, and is accused of using it to buy jewelry and go on a trip to Las Vegas.
This is part of a larger effort to crack down on COVID-19 fraud schemes that has led to 150 prosecutions and the seizure of USD 75 million dollars.
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🇺🇸🪖 - The US Military Is Preparing For A Draft
Last month, the Selective Service System (SSS) quietly posted a listing for contractors to help wargame a potential scenario where young Americans are mobilized against their will. The solicitation coincides with a new law set to go into effect this December that will automatically register all men aged 18 to 26 within US borders (including illegal aliens) into the SSS by utilizing a cross-section of unspecified federal databases.
These updates have taken on a new meaning in light of the ongoing Iran war, which has exposed the limitation of American air power and missile strike ability in accomplishing the goal of regime change. The wars in Ukraine and Iran have drained the US of difficult to replace defensive and offensive missiles while bases in the Persian Gulf are being obliterated by Iranian missile and drone attacks, leaving few options on the table for muscling the Strait of Hormuz out of Iranian hands outside of either ...
🌅 Market News Digest
Aug 6-7, 2026 EST
🔥 Top Stories
• Hormuz risk, oil shock, markets wobble — renewed Iran/Strait uncertainty pushed Brent above $83, lifted yields, and pressured stocks/gold
• Saudi Arabia, Turkey, Pakistan sign joint defense pact — major regional security shift amid Middle East escalation
• Fed Musalem turns more hawkish — said inflation remains too high, preferred a rate hike, and warned on supply shocks
⛽ Oil & Energy
• Strait of Hormuz tensions keep crude bid — WTI/Brent rallied on fears Iran could restrict shipping; Saudi warned of possible attacks on energy/port infrastructure
• U.S. tariffs on solar supply chain — White House set 15% duty on polysilicon derivatives plus minimum import prices for polysilicon, cells and modules
• U.S. crude imports from Saudi Arabia hit zero — first full-month halt since 1985, underscoring shifting energy flows
📊 Markets & Macro
• Wall Street set for best week in months — AI rebound, strong earnings and hopes for...