funds

HAVANA — The Caribbean island of Nevis has received a financial boost in honor of one of its most famous sons, Alexander Hamilton, who went on to become a founding father of the United States and America’s first treasury secretary.

The U.S. government this month awarded $245,000 to restore the home where some believe Hamilton once lived as the U.S. celebrates its 250th anniversary.

Hamilton was born on Nevis in the mid-18th century and spent his childhood living at his adopted father’s home in Charlestown.

The 17th-century Georgian stone building is now Hamilton House, a museum that houses documents from the famous forefather’s early years and features exhibits honoring other Caribbean personalities. But it has demanded constant repairs: time and salty air have damaged the woodwork.

Nevis Premier Mark Brantley told the Associated Press on Wednesday that he’s grateful for the funds.

“We have tried valiantly as locals to preserve these very important historical monuments,” he said.

Despite Hamilton having lived only the early part of his childhood in Nevis, the premier believes his legacy is inspiring.

“Hamilton is significant because I think it’s a demonstration of what a small island like Nevis, a little dot in the ocean, can contribute to the founding of the greatest nation in the world, the United States,” Brantley said.

The two-story, Georgian stone building that was originally built around 1680 was destroyed by an earthquake in 1840 and was last restored in 1983.

Brantley said the restoration work is important to both the U.S. and Nevis: “Hamilton remains, I think, an iconic figure for us and a figure that we can look at his legacy and inspire our own people to achieve and to know that greatness is available for all of us.”

WASHINGTON — The Trump administration is deferring an additional $1.2 billion in Medicaid reimbursements to California, citing concerns about potential fraud in a state program that helps older adults and people with disabilities with everyday tasks.

Dr. Mehmet Oz, the administrator for the Centers for Medicare and Medicaid Services, said federal officials took action after they grew concerned about the rapid expansion of California’s personal care services program in recent years. State officials were notified of the decision Tuesday, he said.

“California has been growing that program 24% in the last three years. That is twice the rate of every other state average in the country,” Oz said. “Impossible for us to understand how that could be so we are taking major action in California.”

Oz did not provide any evidence of fraud but suggested the state was paying people too much taxpayer money to help with services that could be offered for free, like “paying somebody to carry groceries upstairs for your mom.”

“Many of you would carry groceries upstairs for your mom for free, but in California, they will pay you a lot of money for it,” he said.

The move is the latest in a series of efforts by the administration to withhold federal money from California. In May, the administration held back $1.3 billion in Medicaid reimbursements to the state over concerns about “fraudsters” in the state’s hospice and in-home care programs. The actions have been part of a broad effort by the administration to rein in fraud in federal healthcare benefits programs, particularly in Democrat-led states.

Gov. Gavin Newsom’s office did not immediately respond to a request for comment. But the office has been critical of the administration’s past efforts.

In May, Newsom’s office called the action to withhold funds for in-home care programs a “sick” and politically motivated attack on services that are meant to “keep seniors and people with disabilities OUT of nursing homes.”

Those services usually cover assistants who help people with daily tasks such as bathing, laundry or cooking. They also provide needed care such as injections under the direction of a medical professional. A 2020 report by the California state auditor found that nearly three-quarters of In-home Supportive Services caregivers assist a family member.

Newsom’s office, however, has argued that the program saves taxpayers money, saying IHSS care costs $30,000 a year, while nursing home care costs $137,000 a year.

California’s hospice industry has had problems in the past and authorities have tried to crack down on the issue. A Times investigation in 2020 found that providers were billing Medicare for hospice services and equipment for patients who were not actually dying while the industry boomed.

The Trump administration, led by Vice President JD Vance, has tried to focus attention on the issue of waste, fraud and abuse as a centerpiece policy platform to bring down healthcare costs.

On Tuesday, Trump and Vance announced a $25-million whistleblower program designed to pay out cash to people who tip off the federal government about fraudsters. The program will offer a 1% commission for tips that lead to a successful conviction. Trump said he would be the sole arbitrator of who gets to keep the money.

“I’ll determine whether or not the person is deserving, and I will be very generous believe me. We are not looking to save on that,” Trump said. “I promise you I will be fair.”

Trump said the money will be handed out “expeditiously and fairly.”

“I promise there is nothing in this for me,” he said.

The White House referred comment about the decision to the Centers for Medicare & Medicaid Services. The federal agency did not immediately respond to a request for comment.

However, Jorge Galindo, director at the Esade centre for economic policy, says that available data makes it difficult to know exactly how many Spanish properties are owned by so-called “vulture funds” and being used for speculation.

He points to Bank of Spain figures from 2024 showing that only 8% of properties for rent are owned by companies.

Galindo says he concludes from the data available that there is not a notable accumulation of property to rent among a small number of owners in Spain.

“When it comes to explaining the rise in rentals, that is not the big cause,” he says. “What explains it is the shortage of supply compared to demand over recent years.”

The Bank of Spain appears to agree, and has estimated that the country has a housing shortfall of around 750,000 homes.

The institution’s deputy governor, Soledad Núñez, warned in September that by 2028 that could rise to one million.

There are 3.8 million empty properties in Spain, according to the National Statistics Institute (INE), but a large number of those are in depopulated rural areas and therefore have little relevance to the current crisis, which is most acute in urban hubs.

Other explanations for this high number include properties awaiting renovation, or legal disputes between family members who have inherited them.

Demographic changes play a major part in the imbalance between supply and demand.

Between 2021 and 2025, there were about 1.2 million new households in Spain, driven in great part by the arrival of migrants who have played a major role in the country’s recent economic growth.

However, house building has not kept pace, with fewer than half-a-million new homes during that period.

That was partly because Spain’s construction industry had shrunk in the wake of the Eurozone crisis, while the cost of materials rose substantially after Covid, and a lack of political consensus put legal obstacles in the way of building.

“It was not a priority for us to build new houses,” Galindo says. “But, once the demographic boom came, we realised how costly it was for us.”

He adds that short-term tourist accommodation, like Airbnb, which has been identified by both the Spanish government and many activists as a culprit, is likely to have had a more localised effect, pushing up prices in specific urban areas rather than having an overall impact.