According to an NYT investigation, Transportation Secretary Elaine Chao has “repeatedly used her connections and celebrity status in China to boost the profile” of her family’s shipping company. This has resulted in the company seeking benefits from the expansive industrial policies in Beijing.
It costs more to make a penny than it’s worth. The materials, manufacturing, and distribution add up to 1.5 cents for each cent, and at an estimated 13 billion pennies made each year, the mint loses almost $200 million a year on them.
For Flickr Friday’s “Illusion” and Macro Mondays’ “Copper” challenges.
Oliver started a debt collection company to show how easy it was for anyone to start one and buy consumer debt, purchased $15 million of medical debt from Texas hospitals for $60,000, and forgave it all. He says it was the biggest TV show giveaway since Oprah gave away $8 million in cars.