Jane Fonda is taking a dig at the Academy for choosing Barbra Streisand to honor Robert Redford during the ceremony’s In Memoriam segment.Following the big night, Fonda joked that she had “more to say” than Streisand due to her long history with the late actor.”I want to know how come Streisand was up there doing that for Redford?” Fonda told Entertainment Tonight. She noted that Streisand “only made one movie with him, I made four! I have more to say.”Fonda said she was “always in love with him. The most gorgeous human being and such great values. And he did a lot for movies, he really changed movies, lifted up independent movies.”ROBERT REDFORD DEAD AT 89The two shared more than five decades of friendship — Redford landed a breakout role in Neil Simon’s “Barefoot in the Park,” first on the Broadway stage and then on screen alongside Fonda in 1967. Following Redford’s death, Fonda shared a statement.”It hit me hard this morning when I read that Bob was gone. I can’t stop crying. He meant a lot to me and was a beautiful person in every way. He stood for an America we have to keep fighting for,” she shared in a statement, according to People.ROBERT REDFORD REMEMBERED AS MERYL STREEP, RON HOWARD AND ETHAN HAWKE PAY TRIBUTEStreisand, who starred opposite Redford in “The Way We Were,” remembered both the on-screen chemistry and the off-screen connection they shared following his passing.”Every day on the set of ‘The Way We Were’ was exciting, intense and pure joy,” Streisand said in a statement to Fox News Digital. “We were such opposites: he was from the world of horses; I was allergic to them! Yet, we kept trying to find out more about each other, just like the characters in the movie.”CLICK HERE TO SIGN UP FOR THE ENTERTAINMENT NEWSLETTER”Bob was charismatic, intelligent, intense, always interesting — and one of the finest actors ever.”As she reflected on their final visit, Streisand shared a touching memory: “The last time I saw him, when he came to lunch, we discussed art and decided to send each other our first drawings.”LIKE WHAT YOU’RE READING? CLICK HERE FOR MORE ENTERTAINMENT NEWSShe concluded, “He was one of a kind, and I’m so grateful to have had the opportunity to work with him.”In September, Redford died at 89.”Robert Redford passed away on September 16, 2025, at his home at Sundance in the mountains of Utah – the place he loved, surrounded by those he loved,” his representative told Fox News Digital. “He will be missed greatly. The family requests privacy.”The Hollywood icon was best known for classics like “Butch Cassidy and the Sundance Kid” and “The Sting.”Fox News Digital’s Stephanie Giang-Paunon contributed to this report.
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Deutsche Bank signals $30B risk to private credit
Deutsche Bank (DB) on Thursday, March 12, revealed in its annual report that it had $30 billion in private credit exposure in 2025.DB reported higher fee revenues within the private-credit lending space and financing on balance sheets.Given private-credit worries at the beginning of 2026 and redemption surges at giant asset managers such as Blackstone and Blue Owl Capital, DB reports pressure within private credit and non-bank financial institutions (NBFIs) due to higher interest rates, a change in investor sentiment, and refinancing risks.Noted in the annual report, subprime lenders in the U.S. have failed, highlighting risks associated with private credit-raising standards in underwriting and fraud.”Mom & pop” cash meets institutional risksDB claims it is not exposed to major risk related to these NBFIs; however, it says it may face indirect credit risks through interconnected counterparties.This could, in turn, “lead to a deterioration in Deutsche Bank’s portfolio quality and higher-than-expected credit losses, as well as increased capital and liquidity demands as clients draw down on funding lines,” the annual report said.Related: Deutsche Bank Slumps After China’s HNA Trims Stake in German LenderThis acknowledgement from a traditional bank has once again brought to light the weaknesses within the “shadow banking” sector.The question is: If shadow banking risk has been identified in 2025, what does that mean for this year? Since February, after Jefferies coined the term “SaaS-pocalypse,” retail investor sentiment in the private-markets sector has been negative, especially around the concept of democratization, where institutions want to grab mom & pop’s liquid cash.
Deutsche Bank’s acknowledgement of the indirect risks it faces related to non-bank financial institutions highlights weaknesses in the “shadow banking” sector.Shutterstock
Deutsche bank software and tech exposure amid SaaS worries DB’s loan exposure in the tech sector makes up around $18.1B USD, at an amortized cost, where $8.3B is concerned with financing data centers. DB’s portfolio is concentrated primarily within U.S. corporate exposures that are 60% investment grade, and a smaller, confined appetite for lower-rated clients. If you look at DB’s intangible assets, you’ll find $1.7B related to internally generated software. What does this mean? DB is manufacturing its own software, and if the software continues to lose relevance or plunge due to AI concerns, DB has to take a sudden loss of value, also known as an “impairment.” Deutsche Bank expands on its negative investor sentiment, claiming it will affect its ability to de-risk capital markets, leading to potential losses and higher volatility.Overall, if Deutsche Bank is seeing indirect risks from the private sector, it may set another precedent for other major banks to react similarly to the shadow banking sector. Related: KKR Arctos deal reshapes sports, GP solutions platform
Target’s plan to win back customers has serious flaw
Remember when shopping at Target was actually fun? You’d walk in with a budget in mind and hope that by the time you left, you didn’t more than triple it. But if you’ve spent a meaningful amount of time at a Target store lately, you probably know that shopping there is now more of a chore than anything else. Target may still be your go-to store when it comes to buying essential household products or groceries. But it’s probably not your “fun shopping” destination anymore.Of course, Target is trying to change that. In a release earlier this year, Target said that it’s focusing on four growth priorities in 2026 and beyond. And one of them is to “lead with merchandising authority by setting trends with differentiated, culturally relevant assortments that win in style, design and value.”That’s certainly not a bad plan. But Target may have bigger issues to address first.Fix the stores before fixing the merchandiseFor years, Target differentiated itself from other big-box chains by offering stylish products in stores that felt clean, organized, and pleasant to shop in. In recent years, though, Target’s reputation has taken a serious hit.Retail analyst Neil Saunders, managing director at GlobalData Retail, says the in-store experience has deteriorated noticeably. Some specific issues include messy stores, long lines to check out at registers, and understaffing.Related: Sam’s Club fixes problem that’s a major pain point at Costco“Visiting Target stores is less pleasurable and less fun than it used to be,” Saunders told CX Dive. “There is far too much friction, and the experience is sometimes unpleasant. That’s an issue as it lowers the probability of people making visits, reduces visit frequency, and weakens conversion and basket size when people are in stores.”Saunders also pointed out that inconsistent merchandising is part of the problem. But it may also be the easiest thing for Target to fix. Changing suppliers and investing in new inventory are largely within Target’s control. What the company can’t control as much is customer perception, unless it takes major steps to address its core issues.
An expert says Target’s in-store experience has noticeably deteriorated.Shutterstock
Customers agree the Target experience has deterioratedRetail experts aren’t the only ones raising red flags about Target. Many shoppers say the Target experience simply isn’t what it used to be.As one Reddit user wrote, “There’s no reason to go to Target,” pointing out that the merchandise isn’t cheap, convenient, or trendy. More Retail:Costco sees major shift in member behaviorRetail chain shuts all locations as legal changes hit industryCostco makes major investment in online shopping for membersT-Mobile launches free offer for customers after major loss”They used to be a lot cleaner, nicer looking stores with employees you can actually find. Now they are starting to go the way of Sears,” said another user.Given these issues, Target needs to realize that it probably won’t win customers back on the basis of better merchandise alone.Sure, it’s a step in the right direction. After all, longtime Target fans surely remember the days when the inventory was outstanding and neatly displayed to make it look too appealing to pass up.But now, Target needs to reclaim that identity. And that means focusing on operational issues in conjunction with merchandising. Until the company recreates the in-store experience that once defined the brand, its focus on better products could miss the mark.Maurie Backman owns shares of Target.Related: Dollar Tree CEO signals tough times ahead for bargain hunters
Face it, Hollywood — you’re boring viewers with your self-righteous, out of touch, navel-gazing Oscars
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Washington Post staffers take swipes at bosses as they announce departure from battled paper
Two Washington Post staffers took parting shots at the paper as they announced their exits for a different outlet.NOTUS (News of the United States), the digital news outlet established in 2023 by the non-profit Allbritton Journalism Institute, announced in a staff memo Monday that nine journalists were joining its newsroom, seven of whom had worked at the Post.Dana Milbank, who had been a columnist at the Post for 26 years, released a lengthy statement praising NOTUS publisher Robert Allbritton, the son of the late financier and media mogul Joe Allbritton who previously co-founded Politico, while appearing to swipe The Post’s billionaire owner Jeff Bezos.”It feels wonderful to align myself with a public-spirited media owner who uses his billions to support journalism above all else, who isn’t afraid to hold the powerful to account and who cares deeply about the Washington community,” Milbank wrote.WASHINGTON POST CLOSES SPORTS DEPARTMENT, CUTS OTHER SECTIONS AS PART OF SWEEPING LAYOFFSJeff Stein, The Post’s chief economics reporter, similarly expressed his excitement about joining NOTUS in June but offered a blunter jab at his soon-to-be former employer.”I’ve loved so much of the last 9 years here, but my faith in the paper’s current leadership is broken beyond repair,” Stein said.WASHINGTON POST TOP EDITOR ADMITS MORALE ISSUES PLAGUED PAPER LONG BEFORE BRUTAL LAYOFFSOther colleagues who are jumping ship for NOTUS include Post reporters Paul Kane, Paige Cunningham and Sam Fortier, columnist Andrew Van Dam and editor Missy Khamvongsa.”These new additions – and many more to come – will join the talented journalists already working here as we transform NOTUS into a much larger publication that covers Washington at both the political and personal level,” NOTUS wrote in the memo obtained by Fox News Digital. “In the coming months, we’ll launch this new version of NOTUS under a new name that better reflects the scope of the journalism we’re producing.”A spokesperson for The Washington Post told Fox News Digital, “We appreciate the contributions of our departing colleagues and wish them success in the next chapters of their careers.”WASHINGTON POST SHED ROUGHLY HALF ITS STAFFERS IN RECENT YEARSThe “Democracy Dies in Darkness” paper has undergone newsroom turmoil and financial struggles in recent years.In October 2024, just days before the presidential election, Bezos sparked liberal backlash for quashing the Post’s expected endorsement of then-Vice President Kamala Harris. He further inflamed newsroom tensions the following February by overhauling the paper’s editorial pages. Both instances fueled an exodus of staffers and subscription cancellations.WASHINGTON POST BOMBARDED WITH ‘CAKE’ PARTIES FOR DEPARTING STAFFERSLast month, the Post implemented sweeping layoffs, impacting a third of all staffers. According to The New York Times, the paper suffered an additional 60,000 canceled subscriptions. A spokesperson for the Post disputed that figure to the Times.Washington Post executive editor Matt Murray previously acknowledged to Fox News Digital that “morale has been a challenge” but expressed confidence the paper will bounce back financially and his support for Bezos.
WATCH: Trump Destroys “Fourth World” Somali Fraudsters and “Ringleader” Ilhan Omar, Urges JD Vance to Investigate Omar’s Citizenship with Anti Fraud Task Force: “She Married Her Brother. That Means She’s Here Illegally!”
Trump signs Executive Order establishing an anti-fraud Task Force led by Vice President JD Vance – Mar 16, 2026
President Trump slammed the nation of Somalia and Somali Rep. Ilhan Omar (D-MN), noting that she “married her brother” and is “here illegally” while signing an executive order to establish the nation’s “first ever” task force to investigate fraud in federally administered housing, food, medical care, and cash assistance programs.
The task force will serve to “advise the President and coordinate government-wide efforts to combat widespread fraud, waste, and abuse in Federal benefit programs.”
Chaired by Vice President JD Vance, with Federal Trade Commission Chairman Andrew Ferguson as Vice Chairman, “the Task Force will coordinate measures to improve eligibility verification, implement pre-payment controls, detect high-risk fraud trends, and disrupt and dismantle fraud networks and the mechanisms through which fraud is committed,” according to the order. “The Task Force will also coordinate development of minimum anti-fraud requirements to prevent exploitation of taxpayer-funded benefits, including proof of identity and documentation requirements, risk controls, and audit and remedial actions, while each member agency’ works to develop a measurable implementation plan.”
The order also highlights the massive “organized ring involving Somali immigrants” in Minnesota through programs like Feeding Our Future, noting that “There is strong reason to believe similar vulnerabilities exist in California, Illinois, New York, Maine, and Colorado, where insufficient safeguards and weak oversight increase the risk of large-scale fraud.”
“Somalia’s a Third World, maybe a fourth world nation, one of the worst, one of the most dangerous,” Trump said. “They don’t have anything. They don’t have councils, they don’t have government, they don’t have police. They shoot each other all over the place.”
While highlighting the estimated $19 billion in Somali fraud, Trump described Ilhan Omar as “one of the ringleaders,” while calling for her to be removed from the country. “I hope this is part of it, but she married her brother, supposedly. I mean, there’s a lot of documentation, that means she’s here illegally, and she’s a congresswoman, and I hope you’re going to be looking at that, or somebody is all right?” he told Vance.
As written in the order, “In January 2026, Vice President JD Vance announced a new division at the Department of Justice dedicated to national fraud enforcement.”
If Vance can secure high-profile indictments, or if Ilhan Omar’s citizenship is actually investigated and revoked, he will undoubtedly have the 2028 presidential primary election locked in. However, if the weak Attorney General, Pam Bondi, fails to pursue recommendations, the task force will be a huge stain on Vance’s record.
Vance touted his recent action, alongside Medicaid Services Administrator Dr. Oz, to withhold Medicaid funding from Minnesota after amid evidence that fraudsters, “primarily illegal immigrants,” were defrauding the autism assistance programs by falsely claiming their children were autistic. “ou had autistic kids in Minneapolis, in suburban Minneapolis, who weren’t getting benefits they needed because Somali fraudsters were literally stealing out of their pocket. It’s got to stop. And unfortunately, that kind of fraud is one example of probably hundreds just within the state of Minneapolis, and then it’s repeated and replayed all over the United States of America,” Vance said.
The task force will use a whole-of-government approach to “Stop the fraud on the American taxpayer, and make sure that the benefits that ought by right go to American citizens, go to American citizens, and not to fraudsters,” he added. This includes previously non-existent intergovernmental coordination with the Department of Justice to ensure that fraud rings are busted, says Vance.
Ferguson also highlighted the importance of properly using taxpayer funds, vowing also to expose how “the previous administration was pretty lax about existing anti-fraud controls.”
“I would take the word pretty out. I would change it with ‘unbelievably lax.’ They were not even lax. Lax isn’t a good enough word,” Trump added. “The previous administration was fraudulent, okay? And I think that’s what you’re going to find also.”
WATCH:
TRANSCRIPT:
Trump: Everyone knows they’ve been cheating for years. It’s the first ever, and it’s got to be stopped. I mean, it’s got to be stopped. It’s, think of it, Somalia’s a Third World, maybe a fourth world nation, one of the worst, one of the most dangerous. They don’t have anything. They don’t have councils, they don’t have government, they don’t have police. They shoot each other all over the place.
They come here, and they steal $19 billion? That’s crazy, and Ilhan Omar, I hope this is part of it, but she married her brother, supposedly. I mean, there’s a lot of documentation, that means she’s here illegally, and she’s a congresswoman, and I hope you’re going to be looking at that, or somebody is all right? Because she’s one of the ringleaders here. She’s bad news, really bad news. She’s so bad for our country.
Vance: Thank you, Mr. President. This is a very important whole-of-government approach to tackle the fraud problem. And let me just tell one story. One of the things that even before this executive order was signed, that we were able to stop under the President’s leadership, is we saw evidence that in Minneapolis there were Somalis, primarily illegal immigrants, who were defrauding a Medicaid program that was meant to go to autistic children. So, they were taking children who were supposed to get benefits, and they were claiming that their kids were actually autistic, even though they weren’t.
And what did this mean? This meant two things. Number one, you had a lot of people getting rich off of the fraud while American citizens got poorer. And the second thing that it meant is that you had autistic kids in Minneapolis, in suburban Minneapolis, who weren’t getting benefits they needed because Somali fraudsters were literally stealing out of their pocket. It’s got to stop. And unfortunately, that kind of fraud is one example of probably hundreds just within the state of Minneapolis, and then it’s repeated and replayed all over the United States of America.
When we first started talking about this problem, the President made it very clear he wanted us to take the fraud problem seriously because nobody had until he was president. We started to figure out one big hole that existed is that the agencies of the government weren’t actually talking to each other. So, Treasury would have evidence of financial fraud but wasn’t talking to the Department of Justice about it. Health and Human Services had evidence of Medicaid fraud but wasn’t talking to Department of Treasury about it.
So, what this executive order does is force the entire apparatus of the federal government to do two things: Stop the fraud on the American taxpayer, and make sure that the benefits that ought by right go to American citizens, go to American citizens, and not to fraudsters. Andrew Ferguson will be the vice chair, and is going to do a great job if you’re curious, what’s the difference between the vice chair and the chair. The vice chair is going to do all the work, and I’m going to take all the credit.
Ferguson: Look, millions and millions of Americans pay into these programs every day, and they expect to get something out of it, and this fraud is just siphoning money that millions of Americans pay to fund their hospitals, to fund their day care centers, into completely fake businesses. It isn’t just unfair to all of us as taxpayers who pay for all this. It’s particularly unfair to the Americans who need this the most and watch this money leave their hospital, leave their school system and go out to fraud.
And that is why this effort is so important. And I think we’ve just begun really looking at this, but I think that one of the things we’re going to find is that in a lot of these agencies, the previous administration was pretty lax about existing anti-fraud controls, and we’re going to expose that too.
Trump: I would take the word pretty out. I would change it with “unbelievably lax.” They were not even lax. Lax isn’t a good enough word. The previous administration was fraudulent, okay? And I think that’s what you’re going to find also.
The post WATCH: Trump Destroys “Fourth World” Somali Fraudsters and “Ringleader” Ilhan Omar, Urges JD Vance to Investigate Omar’s Citizenship with Anti Fraud Task Force: “She Married Her Brother. That Means She’s Here Illegally!” appeared first on The Gateway Pundit.