Campaigners behind the one-time 5% billionaires wealth tax in California are calling out what they describe as trickery and deception by Democratic Gov. Gavin Newsom, who on Friday released a proposal for a national billionaire’s income tax even as he actively opposes the effort to tax the wealth of billionaires in the state that he and his party currently control. “Newsom does not want to…
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World leaders are returning home from the annual G7 summit, having failed to address issues such as income inequality, climate change and territorial conflict, while entertaining the wealthy executives of the artificial intelligence and fossil fuel industries. Oxfam International Executive Director Amitabh Behar calls the G7 “a club of the super-rich super-elites” and slams the summit’s focus on…
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After the so-called ceasefire was implemented in Gaza in 2025, I did not at first have the courage to return to Gaza City, which I had not seen since before October 2023. All the other Palestinians who went back described with deep sorrow the experience of reentering a city they no longer recognized. The beautiful Gaza City they once knew had become strange to them — unfamiliar to both their eyes…
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With Elon Musk’s SpaceX set to go public on Friday, the world’s richest man could soon become the first-ever trillionaire — an achievement that one leading humanitarian group called “a new pinnacle of oligarchy and a dark day for democracy.” Whether Musk reaches trillionaire status in the coming days will depend on the success of SpaceX’s initial public offering (IPO), which critics warn is a…
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An analysis released this week by the Federal Reserve Bank of New York shows that food insecurity in the US has reached levels not seen since the height of the coronavirus pandemic, underscoring the devastating impact of Republican cuts to federal nutrition assistance and President Donald Trump’s inflationary economic and foreign policy decisions. In a blog post, New York Fed researchers…
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