This is causing what is known as shrinkage in accounting. It happens when a store has fewer items in stock than in its recorded book inventory. Factors contributing to shrinkage include employee theft, shoplifting, administrative errors, vendor fraud, product damage and more.

San Francisco's Board of Supervisors met Tuesday to discuss proposals for race-based payout for injustices committed against past generations by past generations.

A Stanford University employee has been arrested and placed on administrative leave after she allegedly lied about being viciously raped on campus twice.

A Massachusetts high school track team beat out all competition recently, winning the girls' state track and field championships with the help of a transgender athlete, an 11th-grade biological male.

Libs of TikTok founder Chaya Raichik will participate in a children's story reading event in New York on Sunday at exactly the same time a "Drag Story Hour read-a-thon" promoted by New York Attorney General Letitia James is held elsewhere in the Big Apple.

While college campuses are obsessing over “safe spaces” and diversity, equity, and inclusion, one professor noticed that students are becoming less happy and much angrier.

The International Atomic Energy Agency said in a confidential report this week that 2.5 tons of natural uranium have gone missing from a site in Libya that is not controlled by the government.

On Thursday, the Republican-led House Oversight Committee published banking records recently obtained from the Treasury Department that show millions of dollars being transferred from a Chinese energy firm to members of the Biden family.

The released letter explains that the House Oversight Committee requested these financial records in late February in order to obtain critical information central to the investigation of the Biden family business dealings.

“The Committee recently obtained financial records related to Mr. John Robinson Walker, a Biden family associate, and his company Robinson Walker, LLC,” the committee explains. “Prior to issuing the subpoena, the Committee received information that Mr. Walker used his company to transfer money to Biden family members.”

The Republican members of the Committee explained that Ranking Member Jamie Raskin (D-MD) attempted to spread “disinformation” about the bank records by repeatedly leaving out that the Biden’s received a “$3 million wire from a Chinese company in March 2017.”

In February, 32-year-old Dr. Bradford Ferrick, a resident doctor in Massachusetts, was arrested and charged for possessing thousands of videos and images of child pornography, many of which were of his young patients, whom he secretly recorded with multiple hidden cameras.

According to the New York Post, US Attorney Rachael Rollins said, "I can think of no greater fear as a parent or guardian than potential harm coming to your child. Today we allege that this doctor, who held a position of trust with access to children, maintained child sexual abuse material."

SVB Financial Group, the parent company of now-defunct Silicon Valley Bank, is considering bankruptcy as a possible mechanism to sell its other assets, according to a Wednesday report from Reuters.

After a train carrying highly toxic chemicals derailed in East Palestine, Ohio, President Joe Biden hopped on Air Force One, transferred to a train and went to … Ukraine.

Officials with the United States Surface Transportation Board approved the merger of Kansas City Southern Railway Company and Canadian Pacific Railway Limited on Wednesday, marking the first combination of major rail companies in two decades.

General Mark Milley said Wednesday that he was not prepared to consider Russia’s downing of an American drone to be an act of war. “Incidents happen,” he said.

Republican Florida Congressman Greg Steube said Wednesday that he was cleared to return to work after falling off his roof.

Update (1300ET): CNBC's David Faber is reporting that the large banks are planning - as a group - to deposit around $20 billion of their own cash with First Republic.

JPMorgan, Citigroup, BofA, and Wells Fargo are among the banks in talsk over the despoit of their cash into First Republic. Morgan Stanley and Goldman Sachs are also reportedly involved along with US Bancorp and PNC Financial Services.

This makes some sense as the 'big banks' have lots of reserves relative to assets... 

Defending his role on the board of the failed Signature Bank, former Massachusetts Rep. Barney Frank has told Financial Times, “I need to make some money."

The man whose namesake Dodd-Frank Act piled regulations on banks in the wake of the 2008 financial crisis says he's “chagrined" over Signature's closing, "because obviously people will say, ‘Oh, hey mister, you told everybody else how to run a bank and the bank you were helping run failed’.”

Frank served on Signature's board since 2015. He told FT that, having declined a congressional pension, he needed the income: 

“Having retired, not having a pension by my choice, not wanting to be a lobbyist for reasons personal, I need to make some money. I do it in part by writing. But I also do it by joining boards. Logically, I’m asked to join boards on subjects with which I was identified.”

Hallie Biden received a cut of $3 million in cash from China sent through an associate of Hunter, according to subpoenaed bank records released by Republicans.

Beau Biden's widow was identified on Thursday as the third member of the first family wrapped up in Rep. James Comer's investigation into allegations they used their names to profit on business deals around the world.

In a memo seen by DailyMail.com, Hallie received $35,000 in two transfers in March from Biden family associate John 'Rob' Walker, after he received a $3 million wire from the Chinese State Energy HK Limited, a firm affiliated with CEFC China Energy.

Sam Bankman-Fried secretly transferred $2.2billion from FTX to his personal account and $1billion to five members of his inner circle before the cryptocurrency exchange collapsed, according to bankruptcy court filings.

Bankman-Fried and five of his friends transferred $3.2billion in total to their personal accounts as 'payments and loans' using funds primarily coming from Alameda Research, a crypto trading hedge fund affiliated with FTX, according to financial statements filed with the bankruptcy court in Delaware on Wednesday night, according to the Financial Times. 

John Ray, who was appointed chief executive of FTX after the Chapter 11 bankruptcy filings in November, has been in charge of locating cryptocurrency and other assets in order to return it to millions of FTX customers whose accounts have been frozen since the bankruptcy. 

The upstart populist pro-farmer party FarmerCitizenMovement (BBB) shook the foundations of politics in the Netherlands overnight, securing a significant victory in Wednesday’s provincial elections on the back of growing resentment against the globalist government of Prime Minister Mark Rutte and his plans to introduce Great Reset-style environmental policies.

“People, what the fuck happened?” exclaimed the frank-talking, half-Irish leader of the BBB, Caroline van der Plas in a victory speech on Wednesday evening as her party, which was formed just three years ago, saw the most gains of any party in the elections that will determine the makeup of the Dutch senate.

The BoerBurgerBeweging (FarmerCitizenMovement) dominated voting in rural areas of the country largely as a result of anger towards the government’s plans to impose EU-driven regulations on farming, particularly the use of nitrogen fertilisers, which many farmers have warned will put them out of business.

Love him or hate him, Tucker Carlson has become the most important political analyst of our era.  The release to him of suppressed J6 Capitol footage that contradicted the Democrat/media narrative dominated political news until Carlson's questionnaire on Ukraine policy to the potential GOP presidential field knocked it out of the headlines.  Not since Woodward and Bernstein dominated the news with Watergate has a media source produced results that focused the national spotlight so completely as Mr. Tucker Carlson.  Unsurprisingly, many are the progressives who want to see him knocked off the air.

Last night, he began his top-rated hour-long program with the following startling statement: "You're going to get a hot war with Russia — and China — whether you want one or not."

He followed with analysis of the Black Sea drone incident and the calls for retaliation and escalation from Lindsey Graham and "his friends in the war party" that would likely lead to outright war.  And wartime, he noted at the end of the segment, leads to extraordinary suppression of political dissent.

Over $50 billion dollars in fresh liquidity to CS and the market is saying - moar!

Despite SNB's bailout, Credit Suisse shares are fading back from overnight exuberance...

Additionally, Credit Suisse's credit risk has barely improved...

Update: Here is a live feed of Christine Lagarde who now faces the unenvious task of explaining why she hiked 50bps at a time when Credit Suisse is on the verge of collapse and every incremental rate hike by the ECB makes keeping deposits at the bank that much more difficult

It’s almost spring cleaning time, but according to one college professor, cleaning your pantry is racist and sexist.

Two people were arrested and one police officer was injured Tuesday night after a mix of protesters and black-clad rioters clashed with authorities and damaged property at the University of California, Davis, in protest of a Turning Point USA event featuring Charlie Kirk.

A top Russian official claimed on Wednesday that the U.S. was “directly involved” in fighting the war in Ukraine after Russian pilots initiated a provocation against a U.S. drone operating over international waters this week that led to a collision and destruction of the drone.

Virginia Governor Glenn Youngkin’s administration has demanded that a liberal school system cut ties with allegedly Chinese Communist Party-linked groups, according to a letter obtained by The Daily Wire.

A “Drag Story Hour” event hosted by New York Attorney General Letitia James will have some competition from Libs of TikTok.

coHealth Alliance, a New York City-based nonprofit that works internationally to prevent emerging diseases, has been scrutinized by Republican politicians for its relationship with the Wuhan Institute of Virology in Wuhan, China, and research money in the years leading up to the COVID-19 outbreak.

EcoHealth is now back in the spotlight following a CBS News report stating they may have double billed for Wuhan projects through the National Institutes of Health (NIH) and the U.S. Agency for International Development (USAID).

"What I've found so far is evidence that points to double billing, potential theft of government funds. It is concerning, especially since it involves dangerous pathogens and risky research," Diane Cutler, a former federal investigator hired by Kansas Republican Sen. Roger Marshall, told the outlet.

China’s foreign minister on Thursday spoke by telephone with his Ukrainian counterpart as Beijing continues to signal its desire to play a part in ending that country’s war with Russia.

Qin Gang, the Chinese official, spoke with Ukraine’s Dmytro Kuleba, both governments confirmed.