Business

National

Former FTX CEO Sam Bankman-Fried arrested in Bahamas

9:39pm December 12, 2022

by David Gura

The founder and now-former head of the cryptocurrency exchange FTX has been arrested in the Bahamas, where the company is based, at the request of the United States government.

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Sam Bankman-Fried attends via video call during the 2022 Forbes Iconoclast Summit at New York Historical Society on November 03, 2022. One week and one day later, his FTX empire had filed for bankruptcy

Bankman-Fried, disgraced former CEO of FTX crypto exchange, arrested in Bahamas

8:30pm December 12, 2022

The arrest was made at the request of the U.S. government, based on a sealed indictment from the Southern District of New York. The indictment is expected to be unsealed on Tuesday.

Former FTX CEO faces lawmakers at the FTX collapse hearings

4:48pm December 12, 2022

by David Gura

Former FTX CEO Sam Bankman-Fried spent a lot of time in Washington and courted lawmakers. At the FTX collapse hearings, he will most likely get a negative response from those lawmakers.

Economy

Is it safe to buy now, pay later?

4:48pm December 12, 2022

by Alina Selyukh

Buy something now, pay for it later: This idea is changing how we shop. These short-term, interest-free loans could be the biggest trend of this holiday shopping season. But are they safe?

Economy

Mobile home residents buy their park, protecting themselves from eviction

4:48pm December 12, 2022

by Simon Rios

Residents of mobile home parks often face eviction when the parks sell. The parks are expensive, but some residents are getting help to buy them.

Economy

Military families contend with high inflation and housing costs

4:48pm December 12, 2022

by Eric Schmid

Many Americans are contending with high inflation and housing costs. Military members and their families are no exception. It's been especially tough for those who have moved to new posts recently.

Morning news brief

5:00am December 12, 2022

A key Lockerbie bombing suspect is in U.S. custody. Karen Bass is sworn in as Los Angeles mayor. Rupert Murdoch to be deposed today in Dominion's $1.6 billion defamation lawsuit against Fox News.

A review of 90 government audits, released exclusively to KHN in response to a Freedom of Information Act lawsuit, reveals that some health insurers issuing Medicare Advantage plans have tried to sidestep regulations requiring them to document medical conditions the government paid them to treat.

How Medicare Advantage plans dodged auditors and overcharged taxpayers by millions

5:00am December 12, 2022

A KHN investigation found when some Medicare Advantage plans got a rare federal audit, they couldn't produce billing records for care they said they'd provided. Some blamed fire, flood — or doctors.

Economy

World central bankers are set to take new steps in their battle with inflation

5:00am December 12, 2022

NPR's A Martinez talks to David Wessel of the Brookings Institution about the Federal Reserve's plans to approve another rate hike this week. The European Central Bank is preparing to do the same.

A visitor looks at an Advent calendar from 1966 of the former East Germany at a 2008 museum exhibit in Leipzig.

Advent calendars, explained: Where they came from and why they're everywhere now

5:00am December 11, 2022

by Rachel Treisman

What started as a Christmas countdown has increasingly become a retail opportunity. While Advent calendars have evolved over the centuries, they still accomplish some of their original objectives.

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