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Fugitive in massive Navy bribery case caught in Venezuela

SAN DIEGO (AP) — A Malaysian defense contractor nicknamed “Fat Leonard” who orchestrated one of the largest bribery scandals in U.S. military history has been arrested in Venezuela after fleeing before his sentencing, authorities said Wednesday. The international manhunt for Leonard Glenn Francis ended with his arrest by Venezuelan authorities Tuesday morning at the Caracas

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Powell’s stark message: Inflation fight may cause recession

By CHRISTOPHER RUGABER AP Economics Writer WASHINGTON (AP) — The Federal Reserve delivered its bluntest reckoning Wednesday of what it will take to finally tame painfully high inflation: Slower growth, higher unemployment and potentially a recession. Speaking at a news conference, Chair Jerome Powell acknowledged what many economists have been saying for months: That the

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