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Monday, December 29, 2025

Citigroup board approves sale of Russia unit, flags $1.2 billion loss

 Citigroup said its board approved a plan to sell AO Citibank, which conducts the company’s remaining business in Russia, to Renaissance Capital.

Citigroup said its remaining business in Russia will be reported as “held for sale,” as of the fourth quarter of this year. The deal is expected to sign and close in the first half of next year, the company added.

As a result of the “held for sale” accounting treatment, Citigroup is expecting to take a pretax loss on the sale of about $1.2 billion in the fourth quarter of this year. However, the loss on the sale is subject to further changes, including as a result of foreign exchange movements, according to Citigroup.

In August of 2022, Citigroup said it would wind down its consumer banking and local commercial banking operations in Russia.

https://www.msn.com/en-us/money/companies/citigroup-to-sell-remaining-business-operating-in-russia/ar-AA1Tf9rO

CIA said to have struck port site on Venezuelan coast

 The United States Central Intelligence Agency (CIA) conducted a drone strike against a port facility on the Venezuelan coast earlier this month, CNN reported, citing sources familiar with the matter.

The dock was struck because the US government believed Venezuelan gang Tren de Aragua was using it to hold drugs and move them onto boats for onward shipments, the report said. The strike, which one of the sources described as largely symbolic due to the number of port facilities used by drug traffickers, caused no casualties. The facility was unoccupied at the time.

US President Donald Trump said on Monday that Washington hit a "dock area" in Venezuela "where they load the boats up with drugs," though he declined to say whether the CIA was behind the attack. "We hit all the boats, and now we hit the area... it's the implementation area. That's where they implement, and that is no longer around," he said.

https://breakingthenews.net/Article/CIA-said-to-have-struck-port-site-on-Venezuelan-coast/65408592

"Quality Learing Center" 1st Domino To Fall in Somali-Linked Minneapolis Daycare Scandal

 Update (2028ET):

The dominoes are beginning to fall in the Democratic-run stronghold of Minneapolis, where federal investigators were on the ground earlier today as part of expanded investigations into childcare centers and other widespread alleged fraud schemes by Somali-linked operators.

By evening, Nick Shirley, the citizen journalist who brought the "empty" childcare companies into the national spotlight with a video that has received 121 million views in just three days, revealed that one of the Somali-linked childcare centers had been shut down by the Minnesota Department of Children.


Earlier today at the "Quality Learing Center" - and yes, it is supposed to be "learning" - the owner's son blamed the misspelling on a graphic designer.

This is damning for Gov. Tim Walz and the Democrats.

Walz blamed "white supremacy" for the targeting of Somali-linked childcare centers, which appear to be front companies.

We assess that the manufactured political backlash against DOGE from Democrats and left-wing NGOs is likely to fade rapidly as Shirley's viral, on-the-ground reporting continues to highlight the scale of the fraud.

 *  *  * 

Update (1315ET):

Agents with Homeland Security Investigations, the primary investigative arm of Immigration and Customs Enforcement, are on the ground in Minneapolis Monday morning, conducting what DHS Secretary Kristi Noem described as a "massive investigation into childcare and other widespread fraud."

"Homeland Security Investigations @ICEGov are on the ground in Minneapolis right now conducting a massive investigation on childcare and other rampant fraud," Noem wrote on X, adding, "More coming."

Homeland Security wrote on X, "The American people deserve answers on how their taxpayer money is being used and ARRESTS when abuse is found. Under the leadership of @Sec_Noem , DHS is working to deliver results."

Meanwhile.... This X post did not age well. 

Nor did this one. 

While allegations of Somali-linked welfare fraud in left-wing-controlled Minnesota have been known for years, the timing of Nick Shirley's bombshell investigation suggests the federal government needed positive sentiment in the news cycle to begin the action phase on the ground. That's usually how these types of operations work.

*   *   *

A viral video that has topped 76 million views on X within 48 hours has significantly heightened public scrutiny of multiple Minneapolis daycare centers linked to Somali operators that received millions in state and federal funding despite showing minimal operational activity. The apparent mismatch between allocated taxpayer funds and observable services strengthens a recent report by Christopher F. Rufo, which alleges that Somali-linked fraud in the left-wing-controlled state may involve front companies potentially diverting taxpayer funds to at least one overseas terrorist network.

Update: And according to FBI Director Kash Patel, the agency will "continue to follow the money" in Minnesota, and their investigation is "ongoing." (And why did it take Chris Rufo cracking the case before they took action?)

"To date, the FBI dismantled a $250 million fraud scheme that stole federal food aid meant for vulnerable children during COVID. The investigation exposed sham vendors, shell companies, and large-scale money laundering tied to the Feeding Our Future network," Patel said on Sunday. 

Meanwhile, the Democratic Party and its PR machine across left-wing corporate media outlets, including CBS, PBS, CNN, MSNBC, ABC, NBC, 60 Minutes, The New York Times, and the Associated Press, have largely remained silent on citizen journalist Nick Shirley's investigation.

We assess that as the dominant narrative of the widening Somali-linked fraud scandal in Minneapolis continues to go viral on X through "America First"-linked accounts, Democrats and their PR machine will move to advance a counter-narrative, given how optically damaging these revelations are ahead of the midterm cycle.

The days of Democrats defaulting to labeling opponents as "racists" or "fascists" appear to be over. They will likely need to develop new pejoratives to target those investigating allegations of welfare fraud on a scale larger than Somalia's GDP.

In just one day, Shirley and a private investigator visited Somali-linked businesses operating in the child daycare, adult and autism care, home healthcare, and non-emergency medical transportation industries. They say they uncovered $110 million in highly questionable payments, largely because many of these companies were not operating as they should during peak hours of operation and appeared mostly inactive.

The next critical step, and one we suspect federal investigators are already pursuing, is comprehensive entity mapping of the targets Shirley identified.

This analysis moves beyond isolated entities and enables the detection of network behavior, including shared addresses, recycled officers, repeated vendors, circular payment flows, and clusters of entities with minimal real-world operations. Such pattern recognition is essential for identifying front companies.

Here is the network mapping of Shirley's identified targets:

Mako Childcare Center, Inc.

Mini Childcare Center Inc.

Pattern detection: Both Mako and Mini share the same address.

Sweet Angel Child Care Inc.

Quality Learning Center Inc.

And now the fun begins.

Future Leaders Early Learning Center

Shirley and the private investigator note that Creative Minds Daycare L.L.C. was shuttered due to violations and reopened the next day as Super Kids Daycare Center LLC.

Creative Minds Daycare L.L.C.

Super Kids Daycare Center LLC

Minnesota Childcare Center Inc. 

And this. 

To sum up, this data transforms fragmented public records into actionable network intelligence maps, enabling X users to dig deeper and understand how money, control, and influence actually flow across Shirley's target entities.

https://www.zerohedge.com/political/network-mapping-nick-shirleys-empty-minnesota-daycares

Saudi-led coalition warns of intervention against Yemen separatists

 The Saudi-led coalition warned Saturday it would back Yemen's government in any military confrontation with separatist forces, as Riyadh urged them to withdraw "peacefully" from recently-seized provinces.

The statements came a day after reported Saudi air strikes on separatist positions in Yemen's Hadramawt province -- and after Washington called for restraint in the rapidly escalating conflict.

General Turki al-Malki, the spokesman for the coalition, warned of intervention if efforts to de-escalate the situation failed because of the separatists' actions.

"The coalition forces affirm that any military movements undermining these efforts will be dealt with directly and immediately to protect civilian lives," he said, according to the Saudi news agency SPA.

He emphasised the coalition's support for the internationally-recognised Yemeni government and called on all parties to "bear national responsibility, exercise restraint, and respond to efforts for peaceful solutions", SPA reported.

Saudi Defence Minister Khalid bin Salman posted on X that troops from the separatist Southern Transitional Council (STC) should "peacefully hand over" two regional governorates to the government.

"It's time," he posted, "at this sensitive moment, to let reason prevail by withdrawing from the two provinces and doing so peacefully."

The STC had warned on Friday that they were undeterred after strikes blamed on Saudi Arabia hit their positions, in the latest escalation since they seized large swathes of territory in the Hadramawt and Mahrah provinces.

There were no immediate reports of casualties in the strikes.

In recent weeks the UAE-backed STC, which seeks to revive the formerly independent state of South Yemen, swept through swathes of the country, expelling other government forces and their allies.

Since the takeover, supporters of the separatists have been gathering regularly in cities including Aden to demand they declare independence, with the largest rallies taking place every Friday.

On Saturday, hundreds of Yemeni tribesmen gathered in Aden to ask the STC's leaders to announce the independence of South Yemen, according to the separatist-affiliated Aden Independent Channel.

The channel aired footage of a large crowd marching and waving the South Yemen independence flag alongside the UAE's flag.

Experts say their successes have embarrassed regional heavyweight Saudi Arabia, the main backer of the internationally-recognised Yemeni government.

Farea al-Muslimi, from the Chatham House think tank in London, told AFP that the STC had crossed Riyadh's "red lines" and that the situation could quickly get worse.

"It is one bad thing to humiliate Saudi Arabia. And it is another much worse thing to humiliate Saudi Arabia publicly. And that's exactly what they did," he said.

- US urges restraint -

In Washington, US Secretary of State Marco Rubio said: "We urge restraint and continued diplomacy, with a view to reaching a lasting solution."

Following Friday's raids, Yemen's government urged the Saudi-led coalition to support its forces in Hadramawt, after separatists seized most of the country's largest province.

The government asked the coalition to "take all necessary military measures to protect innocent Yemeni civilians in Hadramawt province and support the armed forces", the official Yemeni news agency said.

A Yemeni military official said on Friday that around 15,000 Saudi-backed fighters were amassed near the Saudi border but had not been given orders to advance on separatist-held territory.

The areas where they were deployed are located at the edges of territory seized in recent weeks by the UAE-backed STC.

Separatist advances have added pressure on ties between Saudi Arabia and the UAE, which support rival groups within Yemen's government.

The government is a patchwork of groups that includes the separatists, and is held together by shared opposition to the Iran-backed Houthis.

The Houthis pushed the government out of Yemen's capital Sanaa in 2014 and secured control over most of the north.

On Friday, the UAE welcomed Saudi efforts to support security in Yemen, as the two Gulf allies sought to present a united front despite backing different sides in the fighting.

https://www.yahoo.com/news/articles/saudi-arabia-demands-yemen-separatists-120127467.html

Trump administration agrees to review stalled NIH research grants after lawsuit

 The Trump administration on Monday reached a deal with researchers and Democratic-led states who sued over ​cuts to funding for diversity-related research, agreeing to review grant applications that ‌were stalled or rejected during the legal battle.

A federal judge in Boston previously ruled that the National ‌Institutes of Health unlawfully canceled hundreds of millions of dollars in research grants because of their perceived connection to diversity, equity and inclusion initiatives.

The U.S. Supreme Court in August partially put that decision on hold, ruling that legal battles over the terminated ⁠grants should be handled by ‌a different court that specializes in monetary disputes with the government. The Supreme Court left unresolved a second piece of the litigation ‍concerning the NIH's processing of applications for future funding.

Monday’s agreement resolved part of the battle over the NIH grants, with the government agreeing to conduct new reviews of grant applications ​that were frozen, denied, or withdrawn after the new policy was announced. The ‌agreement does not require NIH to fund any particular research proposal.

The researchers who sued NIH said Monday that the proposed grants will advance public health issues, including HIV prevention, Alzheimer’s disease, LGBTQ health, and sexual violence.

"This agreement allows my grant application, and many others, to move forward for review after an arbitrary and destructive ⁠freeze,” said plaintiff Nikki Maphis, a postdoctoral researcher at the ​University of New Mexico who is studying Alzheimer’s ​disease and alcohol use in the aging brain.

This agreement does not impact U.S. District Judge William Young’s earlier ruling in the case blocking ‍the NIH's policy of ⁠ceasing grant funding for diversity-related research. The U.S. Department of Health and Human Services has appealed that ruling, and has said it stands by ⁠its decision to end funding for research "that prioritized ideological agendas over scientific rigor and meaningful outcomes for ‌the American people."

https://www.yahoo.com/news/articles/trump-administration-agrees-review-stalled-010932027.html

Trump: Not worried about China's drills near Taiwan

 United States President Donald Trump insisted on Monday that he is not worried about China's military drills near Taiwan, noting that such exercises have been going on for "20, 25 years."

Speaking to the press alongside Israeli Prime Minister Benjamin Netanyahu at Mar-a-Lago, Trump claimed that the drills were "larger" in the past than they are now, but that "now people take it a little bit differently."

Furthermore, Trump stressed that he has a "great relationship" with Chinese President Xi Jinping, who did not tell him "anything" about the drills or warn him about their nature. He also noted that "I don't believe he's gonna be doing it" when it comes to crossing the line on Taiwan.

https://breakingthenews.net/Article/Trump:-Not-worried-about-China's-drills-near-Taiwan/65408118

US Congress to debate Venezuela war powers next week

 The United States Congress is set to gather again in one week, with debate expected over the authority to approve military action against Venezuela, Representative Adam Schiff said.

"When we return, we need four Republicans in Congress to stand with us and reassert that Congress, and only Congress, has the power to authorize military action against Venezuela," he wrote. Schiff added that the start of the new year should not mark the beginning of another prolonged conflict aimed at regime change.

His comments come after repeated US strikes against Venezuelan boats accused of smuggling fentanyl and announced land strikes soon.

https://breakingthenews.net/Article/US-Congress-to-debate-Venezuela-war-powers-next-week/65408497