Inherited Billionaire Status on Rise, Diminishing Social Mobility

A new wave of billionaires is invading the world’s richest 1%, and they didn’t make their wealth through humble beginnings. Inheritance Surpasses Wealth Creation A shift in global wealth has occurred for the first time in the nine years that UBS has monitored billionaires. Inheritance Driving Billionaires In a report from UBS, the new members … Read more

Who Will Become the First Trillionaire? Musk, Bezos, and Arnault Lead Wealth Race

We’re used to hearing about billionaires and their lavish lifestyles, but get ready for a whole new level of wealth – the trillionaire. Oxfam’s Warning Oxfam, the charity organization fighting against poverty, says we might see the world’s first trillionaire within the next ten years. Billionaire’s Bonus in 2020 Between the years 2020 and 2021, … Read more

Housing Affordability Hits Crisis Point: Harvard Study

A report from Harvard University’s Joint Center for Housing Studies has revealed that a huge number of Americans will struggle to pay rent this month. Financial Strain on Tenants The report said that 50% of all US tenants spend over 30% of their income on rent and utilities. Middle-Income Renters Under Pressure Even middle-income renters … Read more

California Insurer Exodus Deepens State Crisis

Another insurance company has pulled out of California, joining a long list of names that are worried about the potential effects of extreme weather. The state and insurers are now “at a major crossroads,” according to experts. Insurance Woes in California California homeowners are facing increasing difficulties obtaining private insurance as yet another major insurer, … Read more

Galloway Adopts Trump-Like Rally Cry in Speech: “Make Rochdale Great Again”

Workers Party for Britain leader George Galloway has declared his intention to “Make Rochdale Great Again,” although he admits that many people won’t like the use of the Trump-esque phrase. George Galloway’s Trump Rhetoric George Galloway has sworn in his role as Rochdale’s newly elected Member of Parliament by echoing Trump’s slogan, claiming that he … Read more

Former MI6 Boss Warns Against Ramifications of Trump Reelection on UK’s Security

If there’s anyone who knows about the UK’s national security and its threats, it’s this former MI6 boss, who just warned that a Trump reelection could remove an “essential” aspect that would put the UK at risk. Former MI6 Chief’s Warning Sir Richard Dearlove, former head of MI6, has warned the UK about Donald Trump’s … Read more

Boeing’s Safety Crisis: Shareholders File Lawsuit, Top Executive Ousted

Boeing has announced the departure of an 18-year executive at the company after a lawsuit claimed that “safety was no longer a subject of board discussion.” Leadership Changes at Boeing Boeing, the aerospace giant undergoing a major safety crisis, has recently announced a series of leadership changes, including Executive Ed Clark’s ousting. Executive Departure Lounge … Read more

Billionaire Chicago White Sox Owner Seeks $1 Billion Taxpayer Funds for New Stadium

Despite the city of Chicago facing a migrant crisis and a homelessness crisis, owner of the White Sox and Chicago Bulls, Jerry Reinsdorf, is proposing to build a new stadium using taxpayer’s cash. Reinsdorf’s Stadium Request Jerry Reinsdorf, an 87-year-old billionaire who owns the Chicago White Sox and Chicago Bulls, has asked the taxpayers in … Read more

Speaker Warns Senate: Pass Ukraine Funding, Risk GOP Backlash

Speaker Johnson has issued a warning to the Senate about what Republicans would do if the current foreign aid package were passed after pressure from Donald Trump and Marjorie Taylor Greene. Speaker Challenges Senate’s Foreign Aid Package House Speaker Mike Johnson has taken a firm stance against the Senate’s $95.3 billion foreign aid package due … Read more