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World Economy Apr 03, 2026

Billionaire fortunes surged under Trump, sparking a nationwide push for wealth‑tax measures

As billionaire wealth hit record levels during the Trump era, a growing coalition of activists, law…
Rising fortunes among the ultra‑rich under the Trump administration have ignited a wave of tax‑reform campaigns across the United States. In California, volunteers like Karen Sanchez are gathering signatures for a one‑time 5% wealth tax targeting the state’s 200‑plus billionaires to offset federal cuts to hospitals, education and food‑assistance programs.At least ten states are exploring similar measures. Washington recently enacted its first income‑tax aimed at roughly 20,000 millionaire households, while Massachusetts and Minnesota already channel wealth‑tax proceeds into preschool, K‑12 meals and transportation infrastructure.On the federal front, Senators Bernie Sanders and Representative Ro Khanna have introduced the “Make Billionaires Pay Their Fair Share Act,” proposing an annual 5% levy on billionaire net worth. Khanna argues that the ultra‑wealthy fund private health insurers, defense contractors and political campaigns, creating a stark fairness gap.Data from Oxfam shows that in the twelve months after Trump’s re‑election, billionaire fortunes grew at a rate three times faster than the average annual growth of the previous five years. Meanwhile, the federal minimum wage has remained stagnant at $7.25 for fifteen years, underscoring the widening economic divide.A Data for Progress poll released last fall found that 70% of Americans believe the economic system favours corporations and the wealthy. “People are angry and want change,” says Amy Hanauer of the Institute on Taxation and Economic Policy (ITEP), noting that activists are leveraging every level of government to seek relief.The movement draws on a two‑decade history of class‑based activism, from the Occupy Wall Street protests to Senator Sanders’ 2016 campaign that foregrounded wealth‑tax proposals. Yet inequality has deepened: CEOs of the five largest U.S. firms now earn, on average, **$52 million** annually—over a thousand times the typical worker’s salary.Political spending by billionaires has also exploded. A recent New York Times analysis reveals that billionaire contributions rose from **0.3% of campaign funds in 2008** to **19% in 2024**, amounting to more than **$3 billion** from roughly 300 ultra‑rich donors, many of whom supported candidates opposing wealth taxes, including former President Donald Trump.The war in Iran has further inflamed resentment, with the United States spending **$11.3 billion** in the first week of bombardment—far exceeding the annual budgets of agencies such as the CDC, EPA and the National Cancer Institute.Local victories are feeding the momentum. New York City’s mayoral race saw Zohran Mamdani win on a platform that includes taxing the rich to fund affordable housing, groceries and transit. Councilmember Chi Ossé led a 1,500‑person march to the state capitol, urging Governor Kathy Hochul to permit a city‑level millionaire tax, a move that now has backing from some state Democrats.Beyond New York, states like Rhode Island, Hawaii, Pennsylvania, Virginia, Illinois and New Mexico are debating various wealth‑tax mechanisms, including the popular “mansion tax” on high‑value home sales. Currently, **17 localities** have adopted such taxes, most passed between 2018 and 2023.California’s gubernatorial race has become a flashpoint. Billionaire‑backed candidates Matt Mahan and Tom Steyer are vying to replace Governor Gavin Newsom, with the tech elite—such as Sergey Brin and Joe Lonsdale—pouring money into campaigns opposing the billionaire tax. Of the 30 billionaires who have contributed to the race, **25 supported Mahan**, who has positioned himself as a staunch anti‑tax candidate.For Sanchez, the stakes are personal. The proposed tax seeks to replace **$100 billion** in federal health‑care funding cut by Trump’s “One Big Beautiful Bill Act,” which threatens hospital closures and layoffs in the nation’s fourth‑largest economy. She aims to collect **875,000 signatures** by late June to secure the initiative on the November ballot.“It’s creating a network of groups all working toward a common good,” Sanchez says, reflecting a broader sentiment that collective action could finally translate the public’s demand for fiscal fairness into concrete policy.
#california #seiu #oxfam
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Business Apr 03, 2026

Lord Chris Haskins Dies at 88: A Legacy of Business and Public Service

Chris Haskins, Lord Haskins, a prominent business supporter of Tony Blair's New Labour project, has…
Chris Haskins, Lord Haskins, who has died at the age of 88, was a highly influential figure in British business and politics. He was a key supporter of Tony Blair's New Labour project and played a crucial role in advising on regulatory reform and rural affairs. Early Life and Career Born in Dublin, Ireland, Haskins studied modern history at Trinity College Dublin, where he developed a reputation as a radical. He began his career in journalism, covering the Aldermaston marches for the Irish Times, before moving into business. In 1959, he traveled to England, married Gilda Horsley, and joined his father-in-law's company, Northern Dairies, which later became Northern Foods. Business Achievements Under Haskins' leadership, Northern Foods grew into Britain's leading food manufacturer. He was instrumental in developing chilled food techniques, which enabled the mass production of ready meals and convenience foods. A significant partnership with Marks & Spencer was established, which became a cornerstone of the company's success, generating annual sales of half a billion pounds. Public Service and Politics Haskins was a vocal advocate for various public causes, including European monetary union, English regional devolution, and the reduction of subsidies to British agriculture. He served as a 'rural tsar' during the foot and mouth outbreak of 2001 and authored a rural recovery report for Defra, which proposed a shift towards environmental concerns and a long-term reduction in subsidies. Legacy Throughout his life, Haskins was known for his 'no-nonsense approach' and his commitment to telling the truth as he saw it. He was a passionate advocate for regional devolution and took an active role in various Yorkshire economic bodies. Despite facing disappointment as governments wound down bodies he chaired, Haskins remained dedicated to his causes, reflecting on his life's work: 'Most of the campaigns of my life have failed, largely, I comfort myself, because I have been ahead of my time.' He is survived by his wife, Gilda, their five children, nine grandchildren, and a great-granddaughter.
#his #haskins #him
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Politics Apr 03, 2026

US Senators Accuse Ticketmaster of 'Bait and Switch' After Fee Hike

US senators criticize Ticketmaster for raising ticket fees despite a regulatory crackdown on hidden…
US senators have strongly rebuked Ticketmaster for increasing ticket fees following a regulatory crackdown on hidden charges. This move has been described as a 'bait and switch' tactic, leaving consumers with higher costs.The Federal Trade Commission (FTC) had mandated Ticketmaster to disclose all concert ticket fees upfront, known as all-in pricing, starting last May. In response, the company removed the order processing fee charged at the end of a transaction. However, documents obtained by the Guardian reveal that Ticketmaster simply raised other fees to offset the loss, potentially violating the FTC's ban on misleading fees.Senator Richard Blumenthal from Connecticut expressed his concerns, stating, 'Ticketmaster seems to believe it has a get-out-of-jail-free card to ignore antitrust and consumer protection laws. The FTC is going to have to choose whether to protect consumers and enforce the law, or cave to Ticketmaster lobbyists.'The FTC had sued Ticketmaster and its parent company, Live Nation Entertainment, last September for hiding mandatory fees until the end of the transaction. Ticketmaster claims it complies with the FTC's all-in pricing rules.In response to the criticism, Ticketmaster stated, 'Since May 2025, tickets on Ticketmaster.com have displayed the full price upfront in line with the FTC's all-in pricing rule. We also provide explanations of fees during the purchase process and maintain a dedicated page with additional information.'Senator Elizabeth Warren from Massachusetts also criticized Ticketmaster, saying, 'Too many giant monopolies think the law doesn’t apply to them, and it’s American families who are forced to pay the price.'An ongoing federal trial is examining whether Ticketmaster operates an illegal monopoly in the live music industry. The company denies these allegations.
#Ticketmaster #US Senate #Live Nation
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Entertainment Apr 03, 2026

Alan Cumming’s ‘The High Life’ Musical Transforms TV Sitcom into Raucous Pantomime Spectacle

The High Life: The Musical, Still Living It! reimagines the 1994 sitcom as a flamboyant, joke‑laden…
Alan Cumming’s latest theatrical venture – The High Life: The Musical, Still Living It! – bursts onto the stage as a gleeful, pantomime‑style extension of the cult 1994 TV sitcom. Co‑written by series creator Johnny McKnight alongside Alan Cumming and Forbes Masson, the production is deliberately overloaded with jokes, ranging from references to Andrew Mountbatten‑Windsor to a tongue‑in‑cheek nod to Sheena Easton. The show’s panto DNA runs deep. Audiences are addressed directly, invited to sing along, and treated to an underwater neon‑tube dance. The set, a whimsical take on a Brigadoon‑style hotel, features tartan wallpaper designed by Colin Richmond, a life‑size dog, and multiple costume changes that heighten the spectacle. Returning to the stage, Cumming reprises the role of flight attendant Sebastian Flight, while Masson appears as his counterpart Steve McCracken. They are joined by a “legacy cast” that includes Siobhan Redmond as the exacting supervisor Shona Spurtle and Patrick Ryecart delivering a delightfully unhinged performance as Captain Hilary Duff. Supporting them are high‑energy performers Rachael Kendall Brown, Louise McCarthy and Kyle Gardiner, who navigate Masson’s clever, rhyming songs that swing from Broadway flair to Eurovision sparkle. Beyond the slapstick plot – a cartoonish battle over the fictional airline Air Scotia and a detour to the “Lower Largo Triangle” – the musical hints at deeper questions about ageing, national identity and the need for cultural renewal, echoing themes raised in earlier Scottish adaptations. Directed by Andrew Panton, the production is a joint effort between Dundee Rep and the National Theatre of Scotland. It runs at Dundee Rep until 4 April before embarking on a UK tour that concludes on 23 May. In the end, the show is less a philosophical treatise and more a big, joyous laugh‑fest that celebrates the spirit of pantomime.
#Alan Cumming #The High Life Musical #Forbes Masson
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Economy Apr 03, 2026

Gulf Fertiliser Blockade: A Looming Global Food Crisis

The blockade of the Strait of Hormuz could lead to a global food crisis due to its impact on fertil…
The blockade of the Strait of Hormuz has raised concerns about a potential global food crisis due to its impact on fertiliser supplies. The strait is a critical passage for 20% of global natural gas shipments and a third of the global trade in raw materials for fertiliser.The head of the International Rescue Committee, David Miliband, has warned that the situation is a 'food security timebomb', with the window to avert a massive global hunger crisis rapidly closing.Fertiliser prices have already risen by more than 60% in Egypt, reaching $780 (£586) a tonne, up from about $484 in late February. The Qatar Fertiliser Company (QAFCO), the world's largest single site for urea exports, has been offline for almost a month.The Middle East is the source of about 45% of the global trade in sulphur, a key raw material for fertiliser manufacture. Iran is the fourth-largest global exporter of urea, the most widely used nitrogen fertiliser.A prolonged transport shutdown could disrupt production and increase costs, leading to higher food prices and exacerbating global hunger. The world's poorest countries are among the most vulnerable to fertiliser price rises.
#Strait of Hormuz #Yara International #CF Industries
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Politics Apr 03, 2026

National Capital Planning Commission greenlights Trump’s $400 million White House ballroom amid legal showdown

The National Capital Planning Commission approved President Donald Trump’s plan to construct a 90,0…
The 12‑member National Capital Planning Commission, the agency that reviews construction on federal sites in Washington, D.C., voted on Thursday to approve President Donald Trump’s proposal for a massive ballroom at the White House. The project envisions a 90,000‑square‑foot (8,400‑square‑metre) space on the site of the East Wing, which Trump ordered demolished in October. Commission chair Will Scharf, a former personal lawyer to the president, said the ballroom could eventually be regarded as a "national treasure" comparable to other iconic White House components. However, the approval comes at a time when a U.S. District Judge has blocked further work pending explicit congressional authorization. Judge Richard Leon warned that while the president is the steward of the White House for future First Families, he is not its owner, emphasizing that major construction projects require legislative consent. Trump responded on social media, insisting the ballroom is funded by private donations and that past White House projects never needed congressional approval. Financially, the ballroom’s estimated cost has ballooned to roughly $400 million, double the $200 million figure cited by the White House in July 2025. Trump has pledged to complete the venue before the end of his term in early 2029, relying on contributions from wealthy donors—a point critics argue could create undue influence over the administration. Public sentiment appears overwhelmingly negative. Democracy advocate Jon Golinger of Public Citizen remarked, "The American people have weighed in on this project, and they hate it." The commission’s vote was delayed from March after a surge of public comments, the majority of which opposed the construction. Despite the commission’s endorsement, the ballroom’s future remains uncertain. The judge’s ruling underscores that without a congressional green light, the project cannot legally move forward, setting the stage for a continued clash between the White House, lawmakers, and the public over the use of the nation’s most symbolic residence.
#National Capital Planning Commission #Donald Trump #White House
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News Apr 03, 2026

Human Rights Watch Accuses Burkina Faso Military and Allies of War Crimes, Citing Over 1,200 Civilian Deaths

A new Human Rights Watch report documents 57 verified incidents of war crimes by Burkina Faso’s mil…
Human Rights Watch (HRW) released a comprehensive report titled None Can Run Away, concluding that Burkina Faso’s military, its allied Volunteers for the Defence of the Homeland (VDPs), and the al‑Qaeda‑linked Jama’at Nusrat al‑Islam wa al‑Muslimin (JNIM) have perpetrated war crimes and crimes against humanity since the coup that brought the junta to power in September 2022. Through in‑person and telephone interviews with more than 450 witnesses across Burkina Faso, Benin, Ivory Coast, Ghana and Mali, HRW verified 57 distinct incidents involving wilful killing, attacks on civilians and civilian objects, pillage, looting, and forced displacement. The report estimates that 1,837 civilians were killed between January 2023 and August 2025, with over 1,200 deaths directly linked to government forces. The United Nations estimates that the conflict has displaced approximately two million people, underscoring a humanitarian crisis of regional magnitude. Among the deadliest attacks, the military and VDP militias slaughtered more than 400 civilians across 16 villages near the northern town of Djibo in December 2023. In November 2023, allied militias killed 13 Fulani civilians—including six women and four children—in the western village of Basse, employing methods described by survivors as “blindfolded, hands tied, and riddled with bullets.” JNIM’s own atrocities were highlighted by the August 24, 2024 massacre in Barsalogho, where at least 133 civilians, many of them children, were shot indiscriminately. HRW’s findings point to a systematic targeting of the Fulani ethnic group, whom the junta accuses of supporting armed insurgents, resulting in what the report characterises as an ethnic cleansing of entire communities. HRW calls for urgent investigations into President Ibrahim Traoré, the supreme commander of the armed forces, and six senior military commanders for “grave abuses.” The organization also urges scrutiny of Iyad Ag Ghaly, JNIM’s supreme leader wanted by the International Criminal Court, and four of his commanders under the principle of command responsibility. “The scale of atrocities taking place in Burkina Faso is mind‑boggling, as is the lack of global attention to this crisis,” said Philippe Bolopion, executive director of HRW. “The junta is committing horrific abuses itself, failing to hold those responsible on all sides to account, and curtailing reporting to obscure the suffering of civilians caught in the violence.” Survivors recount harrowing details: a 41‑year‑old father described his son’s body “shot in the back of the neck,” while a 39‑year‑old witness to the Barsalogho attack said, “People were falling like flies. They came to exterminate us. They did not spare anyone.” These revelations amplify calls from the international community for accountability and for renewed humanitarian assistance to the millions displaced by the protracted Sahel conflict.
#burkina #faso #civilians
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News Apr 03, 2026

US Homeland Security Shutdown Persists Despite Senate Funding Approval

A partial US government shutdown affecting the Department of Homeland Security (DHS) will continue …
The US government shutdown affecting the Department of Homeland Security (DHS) will persist, despite the Senate passing a funding bill. The partial shutdown, which began on February 14, will continue until at least Monday, when the House of Representatives reconvenes.The stalemate centers on whether DHS should reform its immigration procedures, following criticism of President Donald Trump’s mass deportation push. Democrats have refused to pass funding to Immigration and Customs Enforcement (ICE) and Customs and Border Protection (CBP) without reforms to their practices.The shutdown has had several knock-on effects, including airport delays and unpaid workers. DHS, which oversees the Transportation Security Administration (TSA), has seen its airport security agents go without pay for six weeks. With agents calling out sick or leaving their jobs, US airports have reported long lines and widespread travel delays.President Trump has endorsed a plan to fully fund DHS, which involves a two-track approach: passing a bill to fund the department, except for ICE and CBP, and then funding ICE and CBP through separate spending legislation. Trump has also vowed to pay 'all' DHS employees, although details on how this will be achieved are unclear.The shutdown has been politically unpopular, with unions and transportation safety groups criticizing the strain it has placed on workers and airport security. Democrats have sought to leverage the funding bill to press for changes to Trump’s immigration policy, while Republicans have accused them of putting Americans' livelihoods in jeopardy for political gains.
#funding #bill #trump
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News Apr 02, 2026

French Court Blocks Extradition of Former Tunisian President's Daughter Over Fair‑Trial Concerns

The Paris Appeals Court denied Tunisia's request to extradite Halima Ben Ali, citing the lack of as…
The Paris Appeals Court on Wednesday rejected Tunisia's request to extradite Halima Ben Ali, the daughter of the late former president Zine El Abidine Ben Ali, who faces accusations of laundering assets acquired during her father's 1987‑2011 rule.The ruling was anchored in Tunisia's failure to provide guarantees of an independent and impartial trial, a prerequisite under French and international extradition standards.Halima Ben Ali was detained in September 2025 at Tunisia's behest as she prepared to board a flight from Paris to Dubai. Authorities allege she participated in the laundering of wealth amassed under her father's regime.Her lawyer, Samia Maktouf, warned that sending her back would be tantamount to “a death sentence.” After the verdict, Maktouf described the decision as “an immense relief” and affirmed that justice had been served in accordance with the law.Tunisian prosecutors say the alleged financial crimes could carry a sentence of up to 20 years in prison, underscoring the broader push to recover misappropriated assets and hold the Ben Ali family accountable more than a decade after the Arab Spring uprisings.The case revives debate over the legacy of Zine El Abidine Ben Ali, who was ousted in 2011, fled to Saudi Arabia, died in exile in 2019, and was sentenced in absentia to life imprisonment by a Tunisian court.While the French decision may strain diplomatic ties, it also signals Paris' commitment to uphold procedural safeguards when handling extradition requests linked to politically sensitive cases.
#ali #tunisia #list
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