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Lael Brainard, formerly Fed Governor and president Biden's key economic policy adviser, takes leadership in protecting the $779 billion of 401K's that in 2023 were rolled over for retirement savings into IRA's. Brainard says- "When a retirement saver pays for trusted economic advice that is not actually in their best interest and comes at a hidden cost in their lifetime savings, that's a junk fee." When the courts failed to introduce regulatory oversight of IRA's the Biden administration has introduced the protection under junk fee protection.
Lael Brainard, formerly Fed Governor and president Biden's key economic policy adviser, takes leadership in protecting the $779 billion of 401K's that in 2023 were rolled over for retirement savings into IRA's. Brainard says- "When a retirement saver pays for trusted economic advice that is not actually in their best interest and comes at a hidden cost in their lifetime savings, that's a junk fee." When the courts failed to introduce regulatory oversight of IRA's the Biden administration has introduced the protection under junk fee protection.
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Trofimov provides this report on the conflict in Syria and Iraq. Islamic state fighters from other countries are paid $800 per month compared to $400 for local fighters in Syria and Iraq. Fighters in the Free Syrian Army are paid $100 by comparison. Many of the fighters coming from Russia, western countries, and Arab countries see this as part of a visionary effort to create a new Islamic society, an experiment of sorts. In the process dislocating many of the local population and turning them into refugees going to Turkey and Jordan. Many of the 20,000 fighters crossing into the region from the Syrian border are veterans of other conflicts and bring previous experience. The Syrian city of Raqqa is described here by Trofimov as dominated by these fighters with much of the local Syrian population turned into refugees.
Trofimov provides this report on the conflict in Syria and Iraq. Islamic state fighters from other countries are paid $800 per month compared to $400 for local fighters in Syria and Iraq. Fighters in the Free Syrian Army are paid $100 by comparison. Many of the fighters coming from Russia, western countries, and Arab countries see this as part of a visionary effort to create a new Islamic society, an experiment of sorts. In the process dislocating many of the local population and turning them into refugees going to Turkey and Jordan. Many of the 20,000 fighters crossing into the region from the Syrian border are veterans of other conflicts and bring previous experience. The Syrian city of Raqqa is described here by Trofimov as dominated by these fighters with much of the local Syrian population turned into refugees.
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