The bill, which was formally introduced into parliament in October, aims to allow authorities to verify the origin of funds. Deals may be rejected if investors’ political intentions raise concerns. “If someone works for Trump, we will find out with this law,” said MP Aqqalu Jerimiassen from the ruling Atassut party. “It’s about our own safety.” The law was originally intended to protect against unwanted Chinese investments. However, the focus has shifted after Trump’s repeated advances, the sources said.
MPs on the Arctic island find themselves in a dilemma. On the one hand, Greenland relies on foreign capital to modernize its stagnating economy. On the other hand, they fear political influence.
In the dispute over a major social benefits fraud scandal in Minnesota, the US government is increasing pressure on the state. Part of the federal subsidy for Minnesota’s low-income health program (Medicaid) will be “temporarily” frozen, Vice President JD Vance announced. According to Mehmet Oz, the head of the state health systems Medicare and Medicaid, it is about 259 million US dollars that will not be paid for the time being.
The reason for this is a lack of controls and a “systematic misuse” of taxpayers’ money. The Republican Vance complained about a lack of cooperation from the authorities in the democratically governed state in clarifying the incidents.
The evening before, US President Donald Trump had commissioned Vance to investigate the fraud. According to Trump, “an estimated $19 billion” was embezzled from members of the Somali community. US media such as the “New York Times” report that there has been fraud amounting to several hundred million dollars so far. Minnesota’s Democratic Governor Tim Walz has so far only cited damage of $250 million for some of the affected programs.
After his connections to sex criminal Jeffrey Epstein became known, former Harvard President Larry Summers is withdrawing from teaching at the elite university. “I have made the difficult decision to resign from my professorship at Harvard University at the end of this academic year,” the former US Treasury Secretary said in a statement.
