Jan 19, 2021

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News from all over the USA

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Sidney Powell Drops Georgia Kracken Lawsuit On Eve Of Biden’s Inauguration

By Alison Durkee, Forbes Staff
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  • GOP attorney Sidney Powell withdrew her lawsuit in the U.S. Supreme Court challenging Georgia’s election results Tuesday, her second to be voluntarily dismissed, as the legal campaign to overturn President Donald Trump’s election loss has petered out in the waning days of his term.
  • The lawsuit sought to overturn Georgia’s election results and made baseless claims about election fraud involving Dominion voting machines; it was struck down in district court for lack of standing and being brought too late.
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IRS Collections Appears To Be Broken

By Peter J Reilly, Contributor
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  • At the end of the 2010 Fiscal Year, the balance of assessed tax, penalties and interest (ATPI) was $114.2 billion spread among 10.4 million accounts.
  • In that year IRS filed 1,096,376 notices of federal tax lien and requested 3,606,818 levies on third party.
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Biggest, Youngest Black Hole Ever Shocks Astronomers

By Ethan Siegel, Senior Contributor
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  • Its light comes to us from when the Universe was just 670 million years old, or ~5% of its current age, and yet it already grew to a mass that’s a whopping 1.6 billion times as massive as our Sun. It’s a mystery how a black hole this big can exist this early on, presenting both a crisis and a unique opportunity for astronomers and astrophysicists.
  • Over time, they’ll attract more and more matter into them, leading to the formation and growth of galaxies, bursts of new stars, and enabling those initial black holes to grow.
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Biden’s Stimulus Proposal: No Student Loan Forgiveness

By Adam S. Minsky, Esq., Senior Contributor
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  • House Democrats had previously passed stimulus legislation in May providing for an extension of the current moratorium on student loan payments, as well as $10,000 in student loan forgiveness for economically distressed borrowers.
  • Last Friday, his transition team confirmed that as one of his first acts in office, he will direct the Department of Education to extend the existing moratorium on student loan payments, interest, and collections, and will push Congress to enact $10,000 in student loan forgiveness per borrower.
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