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The Billionaire Class Trauer: How Wealthy Democrats Are Embracing PopulismTom Steyer has built his campaign for governor of California around affordability – and taxing the uber-wealthy. It is perhaps an unusual message for a candidate with an estimated net worth of $2.4bn. But the hedge fund founder-turned climate activist and liberal mega-donor is pitching himself as a different kind of billionaire: one who wants people like him to pay far more in taxes.The Billionaire Populist StrategyAs early voting ballots trickle in for the 2 June primary, Steyer, a leading candidate in the unsettled contest, is racing to convince Californians that his elect-the-rich-guy-to-eat-the-rich candidacy isn't a contradiction. "People are very skeptical of billionaires," Steyer, wearing a beige baseball cap with the words "class traitor" embroidered on it, told a small group of reporters at a campaign event in East LA on Wednesday. "I'm skeptical of billionaires because we've seen so many billionaires being selfish and arrogant."The Rise of Anti-Billionaire SentimentSteyer's campaign arrives at a particularly combustible political moment in the US, shaped by a surge in anti-elite populism, widening income inequality and growing suspicion of billionaire power across both parties. A survey conducted last year by the Harris Poll found that the share of Americans who said billionaires threaten American democracy rose to 53%, up 7 points from 2024. At the same time, nearly eight in 10 respondents said they were more likely to support a billionaire who "challenges unjust systems."California's Affordability Crisis and Political ResponseAnti-rich sentiment is especially pronounced in the Golden State, which boasts the world's fourth largest economy and more billionaires than any other US state. Yet California faces a deep affordability crisis, leaving many voters searching for a governor who will do more than take on the billionaire in the White House. They want someone who will "upend the system," said Lorena Gonzalez, president of the powerful California Federation of Labor Unions.The Democrat's Billionaire DilemmaA decade after Trump, a billionaire real estate mogul, proved he could harness working-class discontent, Democrats see a chance to rebuild their frayed coalition and win back the voters squeezed by the rising cost of rent, utilities and groceries. Ahead of the November midterm elections, Democrats are hammering Trump over his coziness with Silicon Valley billionaires and his preoccupation with building a ballroom at the White House, evidence, they say, that the president's party has abandoned working class voters in favor of a new gilded-age oligarchy.Wealthy Progressives Across AmericaSteyer is not the only Democrat testing the party's appetite for a populist from the 1%. In Illinois, Governor JB Pritzker, a scion of the Pritzker family that founded the Hyatt hotel chain, is running for a third term – and widely believed to be considering a presidential bid in 2028. Other wealthy progressives include Saikat Chakrabarti, a centimillionaire tech entrepreneur and former chief of staff to Ocasio-Cortez who is self-funding his anti-establishment bid to succeed retiring former House speaker Nancy Pelosi in San Francisco.A Historical Perspective on Wealthy DemocratsWealthy Democrats are hardly a new phenomenon. From Franklin Roosevelt's patrician roots to John F Kennedy's vast family fortune, the party has a history of elevating affluent political leaders who framed their privilege as a responsibility to serve the public. As Cas Mudde, a leading scholar of populism, noted by email, "socialists have long been led by 'class traitors' (eg Friedrich Engels) or have supported rich politicians and intellectuals (for example Bernie Sanders and Noam Chomsky)."The Future of Populist PoliticsAmid a volatile job market and escalating inflation, voters want leaders who understand their economic struggles. In California, with the nation's highest cost of living and gas prices topping $6 per gallon amid the Iran war, that demand is particularly urgent. Perhaps then it is a sign of the times that if Steyer advances to the November general election, Californians would likely have the chance to elect a billionaire for governor and impose a first-of-its-kind wealth tax on the state's richest residents.

The CMS Pilot to Reimburse Hemp‑Derived Products The Centers for Medicare and Medicaid Services recently began a pilot that allows certain Medicare and Medicaid beneficiaries to be reimbursed for up to $500 worth of hemp‑derived products each year. The program is designed to test whether these products can lower overall health‑care costs for participants. Key Parameters of the Pilot and the Pending Hemp Ban Definition of hemp follows the 2018 Farm Bill – cannabis containing less than 0.3% delta‑9 THC. The November 12, 2026, hemp ban will make any product with more than 0.4 mg THC federally illegal. If enacted, the ban would criminalize the "vast, vast majority of hemp products, including most non‑intoxicating CBD products," according to Jonathan Miller of the US Hemp Roundtable. Legislative Efforts to Counter the Ban Lawmakers have introduced two bills aimed at either delaying or replacing the ban: Cannabinoid Safety and Regulation Act – re‑introduced by Oregon Senator Ron Wyden, proposing a regulated framework for hemp products. A two‑year delay bill – introduced by Indiana Representative Jim Baird in January. Potential Impact on Patients, Industry, and Legal Landscape If the ban takes effect, patients who rely on full‑spectrum CBD could lose access to the most therapeutically effective formulations. Small producers like Inesa Ponomariovaite of Nesa’s Hemp warn they would have to “perform plant surgery” to strip out prohibited cannabinoids, reducing product efficacy. Quality‑control concerns also surface: a recent Forbes Health investigation found mold, yeast, and fungicide in some CBD products, underscoring the need for federal oversight that the proposed safety act would enable. Legal challenges have already emerged. Advocates sued Health Secretary Robert F. Kennedy Jr. and CMS Administrator Mehmet Oz over the pilot, but the court denied the request to block the program. Outlook: Congressional Gridlock vs. Regulatory Reform Industry insiders remain "cautiously optimistic" that Congress will act before the November deadline, but deep partisan polarization makes passage uncertain. The Trump administration has signaled support for full‑spectrum CBD access, yet no concrete executive action has been announced. Should the ban be delayed or replaced, the CMS pilot could continue to generate data on cost‑saving potential, and the FDA may gain authority to enforce safety standards across the hemp market. Conversely, if the ban proceeds unchanged, the pilot could be forced to limit reimbursements to isolated CBD only, dramatically shrinking its therapeutic scope.

The Stage Kiss Review Stage Kiss, a romantic comedy set in 2011, tells the story of two actors, He and She, who are cast in a 1930s melodrama called The Last Kiss. As they navigate their roles, they find themselves rekindling their past romance, despite both being married with a grown-up daughter. The Play's Concept and Execution The play, directed by Blanche McIntyre, works well as a farcical send-up of rehearsal room antics and 1930s musicals. The cast, including Patrick Kennedy and MyAnna Buring, deliver strong performances, and the physical comedy, particularly from James Phoon, is pleasing. The Challenges of Metatheatricality However, the play's exploration of art and life, and whether onstage romance can conjure real feelings, becomes muddled due to ambiguity and unsteady metatheatricality. The house lights are up throughout the opening scene, and moments supposedly set in the characters' real world lapse into melodramatic dialogue or erupt into song, creating confusion. The Impact of Ambiguity This ambiguity torpedoes the play's big question, making it difficult for the capable leads to build a convincing connection. The crucial choice faced by She, between rekindling her romance and the comfort of her marriage, lacks emotional power in a world that feels ungrounded. The Set Design and Technical Aspects Robert Innes Hopkins' set design is impressive, deftly handling the shiftiness of the play's multiple settings, including the rehearsal room, stage, and He’s flat. The revolving set pieces allow the audience to be placed on both sides of the proscenium arch, adding to the play's visual appeal. The Future of Stage Kiss Stage Kiss is currently showing at Hampstead Theatre in London until June 13th. Despite its flaws, the play's charm and talented cast make it worth watching for fans of romantic comedies and theatre.

After a week‑long outage that crippled Canvas for millions of students worldwide, Instructure announced it had reached an agreement with the ransomware group ShinyHunters. While the company stopped short of confirming a payment, the deal raises fresh questions about the wisdom of paying extortionists to protect sensitive educational data. Instructure’s Agreement with ShinyHunters: What Actually Happened The attack began when the group exploited a vulnerability in Instructure’s “Free for Teacher” software, allowing them to deface login pages at institutions such as the University of Texas San Antonio. ShinyHunters threatened to leak 3.6 TB of data – student IDs, emails, names and messages from 9,000 schools and roughly 275 million students and staff – unless a ransom was paid. Instructure later said the stolen data had been “returned” and that it received “digital confirmation of data destruction” via shred logs, but it did not explicitly confirm a payment. Financial Stakes: Ransom Demands, Potential Payments, and Industry Benchmarks ShinyHunters initially demanded $10 million in ransom. Australian ransomware surveys show the average payment fell to $711,000 in 2025, down from $1.35 million the year before. According to a McGrathNicol report, 64 % of surveyed Australian firms had paid a ransom, and 81 % said they would be willing to do so. As of January 2026, 75 Australian businesses with turnovers of at least $3 million had paid ransoms, though the total amount remains undisclosed. Cyber‑security experts estimate that Instructure’s payout – if any – could be anywhere up to the $10 million demand, potentially reduced through negotiation. Policy and Business Implications: Why Paying Ransom Remains Controversial Governments in the UK, US and Australia advise against paying ransoms, arguing that non‑payment reduces the attractiveness of ransomware as a crime vector. In Australia, paying a designated attacker could breach the autonomous cyber‑sanctions law, exposing firms to prosecution on a case‑by‑case basis. Critics also note that payment does not guarantee data will not be leaked; attackers may still copy or sell the information after receiving money. Experts such as Darren Hopkins (McGrathNicol) and Luke Irwin (Aegis Cybersecurity) stress the “trust factor” – criminals must appear honest to receive payment, yet they remain untrustworthy. This paradox fuels boardroom debates about risk‑driven decision‑making versus investing in prevention and incident response capabilities. Looking Ahead: How Companies May Navigate Future Extortion Threats The Canvas case underscores the need for stronger cyber‑resilience strategies: regular vulnerability patching, robust backup architectures, and clear ransomware response playbooks. Insurers are tightening coverage terms, often requiring demonstrable mitigation measures before honoring ransom claims. Policymakers may also tighten reporting obligations and consider clearer prohibitions on ransom payments, especially for critical‑infrastructure providers like education platforms. Ultimately, firms will have to balance the immediate pressure to restore services against the long‑term cost of incentivising criminal enterprises. As ransomware groups refine their extortion tactics, the industry’s collective stance on paying – or refusing – will shape the next wave of cyber‑crime economics.

The Return of Quirky Detective DuoDeath Valley returns to BBC One at 8.15pm, bringing back the enjoyably quirky murder mystery comedy featuring retired actor John Chapel (Timothy Spall) and Welsh detective Janie Mallowan (Gwyneth Keyworth). This season, John has a new goatee and girlfriend, which doesn't sit well with Janie, especially since he's now dating her mother. Despite this family complication, they reunite as an unlikely detective duo when a man doing community service is found dead at an outdoor rave site.Adventure in Russia's Far EastAt 7.15pm on BBC Two, Expedition With Steve Backshall begins its second thrilling series at the Kronotsky River in Russia's far-east Kamchatka Peninsula. The explorer and his team of top kayakers attempt a descent that's never been done before, facing additional challenges from active volcanoes and brown bears in this remote wilderness.Documentary on Justice for Rape VictimsBelieve Me airs on ITV1 at 9pm, offering an unrelenting look at the gaslighting and retraumatisation of rape victims as they seek justice. The show continues to follow the case of John Worboys as he continues his attacks while police make glacial progress. Viewers witness the ongoing effects on victims such as Sarah, who has given birth to her second child while navigating the justice system.Amateur Singing Competition Reaches Grand FinalYour Song: The Grand Final on Channel 4 at 9pm brings the amateur singing competition hosted by Alison Hammond to its climax with a sold-out concert at London's Hackney Empire. After heartstring-tugging public heats in Liverpool, Edinburgh, London and Birmingham, five finalists compete for the title. Supportive mentors Sam Ryder and Paloma Faith face the difficult task of deciding the winner.Jools Holland Marks Milestone with New SeriesThe eternal live music show Later … With Jools Holland begins its 68th series on BBC Two at 10pm, coinciding with host Jools Holland turning 68. Despite his age, his passion for new sounds that can be decorated with boogie-woogie piano remains undimmed. The opening episode welcomes Niall Horan, Tomora, Aja Monet, Getdown Services and Jools's old muckers Squeeze to the Ally Pally theatre.Australian Thriller Explores Neighborhood SecretsAt 10.20pm on ITV1, The Family Next Door presents an aesthetically pleasing Australian thriller about secrets hidden in an otherwise idyllic suburb. When Isabelle (Teresa Palmer) rents a home on Pleasant Court cul-de-sac in a seaside town, she becomes obsessed with her neighbors and discovers a mystery to solve.Film Choices Explore Complex Family DynamicsOn BBC Three at 10.40pm, God's Creatures examines how far a mother's love can go when Emily Watson's Aileen faces a life-changing question after her prodigal son, Brian (Paul Mescal), returns home from Australia. When Sarah (Aisling Franciosi), her young colleague at the seafood processing factory, is raped and accuses Brian, Aileen provides him with a false alibi. The claustrophobic drama reveals how tight-knit communities often respond to challenges with denial and exclusion, with women typically bearing the consequences.Following that, at 10.50pm on BBC Two, Brother presents a heartfelt sibling drama about the long reach of trauma. Directed by Clement Virgo, the film follows Lamar Johnson's young Jamaican-Canadian Michael as he ekes out an existence with his grief-numbed single mother, Ruth (Marsha Stephanie Blake). In a parallel timeline, the teenage Michael is guided to adulthood by his older brother, Francis (Aaron Pierre), a charismatic would-be hip-hop musician struggling to rise above police racism, gang violence, and homophobia.Live Sport Action Across Multiple ChannelsSports fans have multiple options tonight, beginning with Women's Six Nations Rugby: Wales v Italy at noon on BBC Two, followed by France v England at 4.25pm on BBC One. Football enthusiasts can catch Premier League matches with Man United v Nottingham Forest at noon on Sky Sports Main Event and Newcastle v West Ham at 5pm.

Rising Wealth Gap Among AI InsidersMenlo Ventures partner Deedy Das described San Francisco as "pretty frenetic" and highlighted the worst‑ever divide in outcomes within the AI sector. A back‑of‑the‑envelope calculation suggests a small elite is pulling ahead while most engineers confront stagnant wages and layoffs.Back‑of‑the‑Envelope Calculation Reveals 10,000 AI Insiders with $20M+ Net Worth~10,000 founders and employees at OpenAI, Anthropic, Nvidia and similar firmsEach has "retirement wealth" exceeding $20 millionAll other workers typically earn under $500 k over a lifetimeFinancial Snapshot: $20M+ Retirement Wealth vs. Sub‑$500k CareersThe calculation underscores a concentration of wealth:10,000 high‑net‑worth individualsAverage retirement portfolio > $20 millionMajority of AI talent earning $100‑$300 k annually, unlikely to reach similar wealthIndustry Ripple Effects: Layoffs, Skill Obsolescence, and Workforce MalaiseOngoing layoffs across tech firmsSoftware engineers report that their core skill set feels “no longer useful”Growing “deep malaise about work and its future” among non‑elite staffSocial media backlash, e.g., entrepreneur Deva Hazarika calling the elite “incredibly fortunate”Future Outlook: Consolidation, Talent Shifts, and Potential Policy ResponsesAnalysts anticipate several possible trajectories:Further consolidation of AI talent within a handful of high‑valued firmsIncreased migration of engineers to adjacent fields (e.g., biotech, fintech) seeking relevancePotential regulatory scrutiny on compensation disparities and workforce practicesEmergence of new venture models aimed at democratizing AI equity

The Alleged Settlement There is growing concern that Donald Trump’s massive $10bn lawsuit against the Internal Revenue Service may soon be settled by his own administration – an unprecedented, self-dealing maneuver for a US president, in which billions of taxpayer dollars could be transferred to the president or his allies. The Terms of the Settlement Trump may agree to drop his lawsuit in exchange for the launch of a $1.7bn fund to compensate people he says were wrongfully targeted by the Biden administration, according to reports by ABC News and the New York Times. Among those eligible to receive compensation from the fund are more than 1,500 January 6 rioters. The treasury department’s Judgment Fund, a pool of taxpayer funds reserved to pay out court judgments and settlements, would allegedly become the vehicle for Trump’s self-styled victim compensation fund. The Lawsuit's Background Trump’s January lawsuit, in which he, along with two of his sons and the Trump family business, sued the government’s tax arm for $10bn dollars in damages for the leak of his personal tax returns to the New York Times and ProPublica during his first term. The Data Analysis If the case is settled for the full amount Trump is requesting, a $10bn payment would more than double his family’s net worth. The sum is equivalent to about two-thirds of the IRS’s total budget for the 2026 fiscal year, and would be five times greater than any other award paid by the treasury’s Judgment Fund from January 2020 to September 2025. The Impact Analysis The case is the latest example of how Trump has taken over the justice department – which typically operates at arm’s length from the White House – and deployed it for his own ends. He has used the agency to prosecute political rivals, and the acting attorney general, Todd Blanche, has shown a willingness to carry out Trump’s wishes. The Prediction Legal advocates say there’s a risk of a collusive settlement with the president, even though similar lawsuits have failed. “There’s no difference between Trump directing the IRS to pay his family billions of dollars to settle the case, versus telling the treasury secretary that he deserves a $10bn bonus because he claims to be the smartest president ever,” said Andrew Warren, the deputy legal director at the Democracy Defenders Fund.

Khadija Shaw scored her 20th and 21st league goals as Manchester City thrashed West Ham 4-1 to lift the Women's Super League title for the first time in a decade.Shaw’s brace caps a dominant seasonThe Jamaican forward opened the scoring early and added a second before halftime, celebrating each goal with the fans behind the City goal at Victoria Road. Her performance underscored why she is regarded as one of the world’s top centre‑forwards.Season statistics highlight City’s superiority12 wins, 1 draw and 1 loss in 14 league matches against West HamCity finished the campaign with 20 league goals from Shaw aloneOverall, City secured the title with a 10‑year gap since their last league triumphDefender Jade Rose opened the scoring, marking her first goal for the clubPotential loss of Shaw raises strategic questionsWith bigger offers reportedly circulating, Shaw could be on the verge of leaving unless Manchester City makes a “sharpest and most grovelling” U‑turn. Manager André Jeglertz has built a side that blends Shaw’s firepower with Vivianne Miedema’s creativity, a partnership that struggled under the previous coach.Future outlook: European ambitions and squad rebuildingCity now turn their focus to the upcoming FA Cup final and the UEFA Women’s Champions League. Retaining key talent or finding a worthy replacement for Shaw will be crucial if the club aims to translate domestic dominance into continental success.

The Battle Against the Thames Tower Celebrities including Rolling Stones frontman Mick Jagger have defeated plans to build a 29-storey tower on the banks of the River Thames. Jagger, along with fellow rockstar Eric Clapton, actor Felicity Kendal and comic Harry Hill, fought the developer Rockwell Property for two years over its plan to erect a 100-metre tower next to Battersea Bridge. The Proposed Development Rockwell Property initially proposed building a 34-storey tower with 142 flats, which was later reduced to 110 flats, including 54 affordable homes, along with underground parking and a mix of commercial spaces. Proposed tower height: 100 metres Number of flats: 110 Affordable homes: 54 The Reasons for Rejection Wandsworth council rejected the plans, citing the project’s “excessive height and scale,” adding that it “would represent an unacceptable and incongruous transformative change within the location that would significantly harm the spatial character of the same location”. The Greater London Authority backed the council’s decision. The Impact on the Local Area A planning inspector ruled that the tower would have an “adverse effects on the character and appearance of the local area” and “be overbearing”. The inspector added: “The proposal would cause harm to townscape character in several identified views from different directions and differing distances. The Future Outlook Rockwell Property expressed disappointment with the decision, stating that they “firmly believe in this regeneration project” and had made changes to the scheme following feedback from the public.