Actress reportedly thought half-million payment to college admissions fraudster was akin to funding a campus library

Lori Loughlin doesn’t think she did anything wrong by allegedly paying a half-million dollars to get her daughters into USC — because she thinks the payoff was the same as making a donation, according to a report. “She honestly didn’t think what she was doing was any different than donating money for a library or athletic field,” an insider reportedly […]

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Former regulator met privately with KPMG while firm was under scrutiny

A former audit-industry regulator who advises one of the largest firms on audit quality was also one of two board members willing to meet privately in 2015 and 2016 with KPMG LLP, which was under significant scrutiny by the regulator because of chronically poor audit inspection results. Former Public Company Accounting Oversight Board member Jay Hanson testified in March during […]

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Customer service at the IRS is ‘stretched so thin that things could go very badly wrong,’ says agency watchdog

The Internal Revenue Service’s in-house public advocate is adding to her recent warnings that the agency needs more money in order to avoid breakdowns. Nina Olson, the national taxpayer advocate, made the following remark Thursday on Capitol Hill: Her comments came during a hearing on the current tax filing season that was held by the House Ways and Means Committee’s […]

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Trump says Republicans who oppose emergency declaration are in ‘great jeopardy’

WASHINGTON (AP) — Senate opponents of President Donald Trump’s declaration of a national emergency at the Mexican border have moved very close to having enough votes to prevail, and one Republican suggested the president risks a rebuff by the GOP-led chamber if he doesn’t change course. Trump’s move would “turn a border crisis into a constitutional crisis,” veteran Sen. Lamar […]

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Few companies offer this to workers, even though it’s good for business

Plenty has been written about American workers’ failure to plan adequately for retirement. Their employers seem to be doing an even worse job. Only 1 in 10 large employers offers a formal phased-retirement program that lets workers cut back their hours or responsibilities before they quit work entirely, according to the 2018 Longer Working Careers Survey by professional services consultant […]

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