Why Billionaire Philanthropy Won’t Solve Anything – Second Thought

You ever notice how oligarchs like Warren Buffet and Bill Gates are cast as these uber-wealthy saviors who are singlehandedly raising the world out of poverty? That doesn’t happen by accident. In this week’s episode, we’re taking a look at the insidious philanthropy scheme billionaires use to make sure their reputation remains squeaky clean. HopeContinue reading “Why Billionaire Philanthropy Won’t Solve Anything – Second Thought”

China berates US after ‘close encounters’ with Elon Musk satellites

Beijing urges US to act responsibly after two near misses that it says posed serious threat to astronauts’ lives China has accused the US of ignoring international treaty obligations and engaging in irresponsible and unsafe conduct in outer space after two near misses between the Chinese space station and satellites operated by Elon Musk’s SpaceXContinue reading “China berates US after ‘close encounters’ with Elon Musk satellites”

Super-rich increase their share of world’s income

The share of wealth owned by the world’s richest people soared during the Covid pandemic, a major study on inequality has found. The World Inequality Report said that 2020 saw the steepest increase in billionaires’ wealth on record. Meanwhile, 100 million people sank into extreme poverty, the report from the Paris-based World Inequality Lab said. TheContinue reading “Super-rich increase their share of world’s income”

Bernie Sanders Protests New Senate Bill That Gives Money to Jeff Bezos-Owned Firm

Independent Vermont Senator Bernie Sanders has spoken out against a Senate bill amendment that could give $10 billion in taxpayer money to Amazon CEO Jeff Bezos‘ space travel company, Blue Origin. The bill in question is the Endless Frontier Act. The bill would invest $130 billion into science and technology research in order to keep the U.S. competitive in the international spaceContinue reading “Bernie Sanders Protests New Senate Bill That Gives Money to Jeff Bezos-Owned Firm”

UK pushes for financial services to be exempt from G7 global tax plan

British finance minister Rishi Sunak is pushing for financial services firms to be exempt from a new global tax system which was agreed last week by the Group of Seven (G7) economies, sources familiar with the negotiations said. One of the officials said Britain – home of Europe’s biggest financial hub – had put aContinue reading “UK pushes for financial services to be exempt from G7 global tax plan”

Anger after Indonesia offers Elon Musk Papuan island for SpaceX launchpad

Biak island residents say SpaceX launchpad would devastate island’s ecology and displace people from their homes Papuans whose island has been offered up as a potential launch site for Elon Musk’s SpaceX project have told the billionaire Tesla chief his company is not welcome on their land, and its presence would devastate their island’s ecosystemContinue reading “Anger after Indonesia offers Elon Musk Papuan island for SpaceX launchpad”

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