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”

Christian group fights Idaho Covid mandates despite pocketing bailouts

Christ Church leaders and aligned companies received millions of dollars in coronavirus bailouts amid campaign against mandates The controversial rightwing Christ Church – and its pastor, Douglas Wilson – have led an uncompromising campaign of opposition to coronavirus public health measures in Idaho, revealing the church’s powerful influence in its home city of Moscow and beyond.Continue reading “Christian group fights Idaho Covid mandates despite pocketing bailouts”

Chilean president Piñera impeached over Pandora papers revelations

Lower house approval vote sets up trial in Chile’s senate Papers revealed offshore dealings of conservative president Chile’s President Sebastián Piñera has been impeached by the lower house of congress, setting up a trial in the nation’s senate over allegations he favored the sale of a family property while in office. The vote to impeach passed withContinue reading “Chilean president Piñera impeached over Pandora papers revelations”

Chile’s billionaire president under scrutiny over Pandora leak

Papers gave details about a 2010 stake sale by Sebastian Pinera’s family in a mining project that activists objected to. Chile’s public prosecutor has said it will investigate the sale of a mining project involving the family of President Sebastian Pinera after new details emerged about the transaction in the Pandora Papers leak. Marta Herrera,Continue reading “Chile’s billionaire president under scrutiny over Pandora leak”

Czech prime minister’s party narrowly loses re-election days after Pandora Papers revelations in surprise outcome

Scandal-clouded billionaire Andrej Babis now faces probes over secret luxury property deals exposed in ICIJ’s global investigation based on the biggest ever offshore data leak. In a shock result, billionaire Andrej Babis’ party has narrowly lost the Czech Republic’s parliamentary election days after the populist leader had to contend with revelations from the Pandora Papers,Continue reading “Czech prime minister’s party narrowly loses re-election days after Pandora Papers revelations in surprise outcome”

As Americans Demand Tax Reforms, Analysis Finds Top 1% Hold More Wealth Than Whole Middle Class

By comparison, in 1990 the top 1% held just 17% of the nation’s wealth—less than half of the middle class’ 36%. As the bombshell Pandora Papers continue to expose dubious details about how the world’s superrich hide their fortunes and avoid paying their fair share of taxes, Bloomberg on Friday published an analysis of U.S. Federal Reserve data revealing that Americans inContinue reading “As Americans Demand Tax Reforms, Analysis Finds Top 1% Hold More Wealth Than Whole Middle Class”

Texas has raised $54 million in private donations for its border wall plan. Almost all of it came from this one billionaire.

Timothy Mellon is the Wyoming-based grandson of banking tycoon Andrew Mellon. He is responsible for nearly 98% of the donations to Texas’ border wall fund. An out-of-state billionaire who has previously bankrolled attempts to defend controversial immigration laws is responsible for nearly all the donations to Gov. Greg Abbott’s $54 million border wall fund. A member of oneContinue reading “Texas has raised $54 million in private donations for its border wall plan. Almost all of it came from this one billionaire.”

Trump hid over $70 million in losses on his DC hotel, House committee report alleges

Former President Donald Trump’s luxury hotel in Washington, D.C., lost more than $70 million from 2016 to 2020, according to newly released filings that his accountants submitted to the hotel’s landlord, the General Services Administration. While the hotel was losing money, Trump’s annual financial disclosures reported only its revenue, which amounted to $156 million overContinue reading “Trump hid over $70 million in losses on his DC hotel, House committee report alleges”

Nestlé and Kellogg’s linked to shocking palm oil abuse in Papua New Guinea

Palm oil companies selling to European brands boasted about the use of child labour and beatings of local people. A two-year investigation by international NGO Global Witness has revealed the shocking extent of human rights abuses and rampant deforestation in Papua New Guinea. The South Pacific nation is home to the world’s third-largest remaining rainforest: aContinue reading “Nestlé and Kellogg’s linked to shocking palm oil abuse in Papua New Guinea”

Ireland set to agree historical minimum corporate tax rate

Ireland is expected to adopt a 15% minimum corporate tax rate after several months of negotiations with the Organisation for Economic Co-operation and Development (OECD). Sources close to Irish Finance Minister Paschal Donohoe say the Irish government “needs certainty around the rate”, and assurances that Ireland won’t be forced to increase it further. Much ofContinue reading “Ireland set to agree historical minimum corporate tax rate”

Create your website with WordPress.com
Get started