U.S. hurricane aid fraud likely tops $1 bln: report
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Fraud involving payments supposed to help victims of Hurricanes Katrina and Rita likely exceeds earlier estimates of $1 billion and only a tiny fraction of the money has been recovered, according to a U.S. government report released on Wednesday.
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Fraud in the &#36;300-billion-a-year Medicaid program is widespread and the federal government is not doing enough to combat it, congressional investigators said in a report released Wednesday.
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A $1 billion reading program that is   a key part of the Bush administration's No Child Left Behind   education law was mismanaged and rife with conflicts of   interest, according to an internal audit released on Friday.
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President Bush has asked Congress  for an extra $887.4 million in hurricane aid, bringing to $13.8  billion the amount requested, with most of it going to the  presidential election battleground state of Florida.
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U.S. insurers on Monday predicted that Hurricane Charley could be the most costly U.S. storm since Andrew in 1992, with Florida officials initially estimating economic losses at &#36;15 billion.
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Global military spending is   expected to hit $1.06 trillion this year, topping the record   set during the Cold War era, an international aid agency   reported on Friday.
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Oil jumped $1 past $75 a barrel on Tuesday as a top U.S. hurricane forecaster called for a busy end to the Atlantic storm season, raising concerns over potential oil and gas disruptions.
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Hurricane Frances, the most recent hurricane to hit Florida, likely will result in $2 billion to $10 billion in insured losses, according to credit rating agency Fitch Ratings.
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Oil jumped $1 past $75 a barrel on  Tuesday as a top U.S. hurricane forecaster called for a busy  end to the Atlantic storm season, raising concerns over  potential oil and gas disruptions.
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The government's tax credit system is losing more than Â£1bn a year through fraud and error, a report says.
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After Hurricane Katrina in 2005, many business leaders complained that despite contributions of $1.2 billion in relief or services, too many efforts to help the U.S. disaster response were thwarted by red tape.
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Each Northern Ireland household seriously damaged as a result of Tuesday's flooding is to get Â£1,000.
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The government is squandering tens of millions of dollars in Hurricane Katrina disaster help, in some cases doling out housing payments to people living rent-free, investigators said  yesterday.
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Hurricane Charley - one of the most powerful storms in the nation's history - caused at least $20 billion in damage in Florida alone.
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The business racked up nearly &#36;1 billion in losses since 2001.
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As Florida attempts to recover from an estimated $15 billion in damages left by Hurricane Charley, tax-exempt debt issuance from the state is likely to increase so Florida can replenish its Hurricane Catastrophe ...
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THE LEADING communications provider in the Caribbean, Cable &amp; Wireless, has announced the establishment of a US$1 million relief fund to assist victims of Hurricane Ivan.