More than 2 million people have been encountered/apprehended at the U.S. southern border in fiscal 2022 through June, according to official data released by U.S. Customs and Border Protection.
It’s the greatest number recorded in a fiscal year in U.S. history. They total 2,002,604 from over 150 countries.
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Apple chief executive Tim Cook made nearly $100 million in compensation in the company’s fiscal year, according to SEC filings published Thursday.
SEC filings show that Cook took home $98.73 million in the 2021 fiscal year, more than 500% more than the previous year’s $14.8 million, The Wall Street Journal reported.
Cook’s $3 million base salary remained stable in 2021, but he received a $12 million bonus for hitting Apple’s financial and environmental sustainability goals, $1.39 million in other compensation and $82.35 million in stock awards.
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Harvard University announced Thursday that its endowment grew by $11.3 billion to a record $53.2 billion during the fiscal year ending in June, a year-over-year increase of 33.6%.
The announcement comes after Harvard, which runs the nation’s largest private university endowment, defeated a lawsuit from students who took umbrage with the school’s decision to not offer partial tuition refunds when it moved to online-only classes during the early stages of the COVID-19 pandemic.
“Fiscal year 2021 was an extraordinary year. Public and private markets both continued their strong performance, which allowed the endowment to not only increase its distribution to the University, but also continue to grow during this critical time when pandemic-related financial pressures challenge all of higher education,” Harvard Management Company Chief Executive N.P. Narvekar said in a report Thursday.
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The annual budget deficit has already hit $1.9 trillion and counting for the fiscal year that will end in September, according to the U.S. Treasury’s April statement, and it will reach as high as $3.6 trillion this year, says the White House Office of Management and Budget (OMB). Comparatively, in 2020, the deficit totaled about $3.1 trillion for the entire year.
This comes amid the massive government spending in response to the Covid pandemic, including the $2.2 trillion CARES Act in March 2020, the $900 billion phase four legislation in Dec. 2020 and then President Joe Biden’s additional $1.9 trillion Covid stimulus bill in March 2020. Another $2.1 trillion infrastructure plan is in the works. And now, Biden is offering his $6 trillion budget, which will blow another $1.8 trillion hole in the deficit in 2022.
As a result, 33 percent of marketable national debt, or about $7.27 trillion of the $22 trillion of publicly held debt, will be coming due within the next year, according to the latest data by the U.S. Treasury. For perspective, that’s more debt than existed as recently as 2003.
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Ohio concluded the 2020 fiscal year with General Revenue Fund tax revenues of $1.1 billion, or 4.6 percent, below estimates, a clear indication of the impact the COVID-19 restrictions have had on the state.
Tax revenues in June were $50.5 million, or 2.2 percent, below estimate. However, state officials noted that revenues were better than a month earlier when they were 13 percent below expectations.
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