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World Economy Apr 01, 2026

Bernie Sanders Proposes 5% Wealth Tax on U.S. Billionaires to Fund Health, Housing and Education

Senator Bernie Sanders urges a 5% wealth tax on the nation’s 938 billionaires, arguing it would rai…
America faces an unprecedented concentration of wealth: the richest 1% now control more assets than the bottom 93% of households, and a single individual, Elon Musk, with a net worth of $805 billion, holds more wealth than the lower‑half of the population combined.Recent tax policies have amplified this gap. In the year following the largest tax cut in U.S. history, 938 billionaires added $1.5 trillion to their fortunes, while President Trump and his family saw a modest increase of $4 billion. Four Wall Street giants—BlackRock, Vanguard, Fidelity and State Street—own stakes in more than 95 % of publicly traded companies, cementing corporate dominance across the economy.Political influence mirrors financial power: by the 2026 midterms, just 50 billionaires had poured over $433 million into campaign activities, shaping policy to protect their interests.Meanwhile, the average American worker is earning roughly $20 per week less than in 1973 after inflation adjustment, despite decades of productivity gains. The Rand Corporation estimates that $79 trillion has shifted from the bottom 90 % to the top 1 % over the past half‑century.Economic hardship is widespread: 60 % of households live paycheck to paycheck, nearly half of older workers lack retirement savings, and over 20 % of seniors survive on less than $15,000 annually. Health‑care insecurity affects 85 million Americans, with more than 500,000 filing for bankruptcy each year due to medical debt.At the heart of the problem is a tax code engineered by the affluent. Billionaires now pay lower effective rates than typical workers. For example, Musk’s tax rate sits below 3.3 % compared with an 8.4 % rate for a truck driver; Jeff Bezos paid under 1 % versus 8.7 % for a firefighter; Michael Bloomberg’s rate was 1.3 % against 13.3 % for a registered nurse; and Warren Buffett’s rate was a mere 0.1 % while a schoolteacher paid nearly 10 %.Corporate tax avoidance compounds the issue. After a $900 billion corporate tax break, major firms such as Tesla, SpaceX, Palantir, Ticketmaster and the parent of Taco Bell, Pizza Hut and KFC reported zero federal income tax despite generating over $17 billion in profit.Public sentiment is shifting. In California, voters favor a billionaire tax by a two‑to‑one margin, and in New York City, 62 % back a 2 % surtax on the ultra‑wealthy. Nationwide, more than six in ten Americans believe the wealthy and large corporations pay too little.In response, Senator Sanders introduced legislation to impose a 5 % wealth tax on the 938 billionaires whose combined net worth exceeds $8.2 trillion. Over a decade, the measure would generate roughly $4.4 trillion.The first‑year rollout would deliver a $3,000 direct payment to every household earning $150,000 or less—equating to $12,000 for a typical family of four. Additional provisions include constructing 7 million affordable housing units, expanding Medicare to cover dental, vision and hearing, providing universal childcare, raising the minimum teacher salary to $60,000, and guaranteeing Medicaid‑funded home health care for seniors and people with disabilities.Crucially, the plan would reverse recent health‑care cuts that stripped coverage from 15 million Americans, ensuring no additional loss of insurance.Even if the tax were applied retroactively, the impact on the ultra‑rich would be modest relative to their fortunes: Elon Musk would owe an extra $42 billion, Mark Zuckerberg an additional $11 billion, and Jeff Bezos another $11 billion—figures that would barely dent their net worths.As Justice Louis Brandeis warned in 1933, “We must make our choice. We may have democracy, or we may have wealth concentrated in the hands of a few, but we cannot have both.” Senator Sanders argues the choice is clear: a democratic economy that serves the many, not a plutocratic system that serves the 1 %.The wealthiest Americans must begin contributing their fair share.
#tax #than #more
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Sports Apr 01, 2026

Turkey and Sweden Secure 2026 World Cup Berths as Kosovo and Poland Miss Playoff Finals

Turkey ended a 24‑year drought and Sweden clinched a spot in the 2026 FIFA World Cup after dramatic…
Turkey broke a 24‑year absence from the FIFA World Cup by defeating Kosovo 1‑0 in the playoff final held in Pristina. The decisive goal came from forward Kerem Akturkoglu in the 53rd minute, delivering the Turkish side, ranked 25th globally, a long‑awaited return to football’s premier tournament.The match unfolded before a sold‑out crowd eager to witness Kosovo, ranked 79th, potentially make its first major‑tournament appearance less than a decade after joining FIFA and UEFA. Despite the home advantage, the hosts fell short, ending a remarkable qualifying run.Turkey’s success arrived under the guidance of coach Vincenzo Montella, who blended emerging talents with seasoned internationals to overcome the pressure of two decades of missed qualifications.In the parallel European playoff, Sweden edged Poland 3‑2 to claim their own World Cup ticket. Viktor Gyokeres secured the victory with a late winner two minutes from full‑time, after a seesaw battle that saw Anthony Elanga open the scoring, Nicola Zalewski equalise, and Gustaf Lagerbielke restore Sweden’s lead in the 44th minute.Poland briefly levelled the contest after the break through Karol Swiderski, but Gyokeres capitalised on a chaotic scramble in the box to clinch the win.Sweden’s triumph places them in Group F for the 2026 World Cup alongside the Netherlands, Japan and Tunisia, marking the nation’s first tournament appearance since 2018.
#Turkey national football team #Sweden national football team #2026 FIFA World Cup
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World Economy Mar 31, 2026

UK Aviation Regulator Limits Heathrow's Landing Fee Hike

The UK's Civil Aviation Authority (CAA) has partially rejected Heathrow Airport's plans to signific…
The UK aviation regulator, the Civil Aviation Authority (CAA), has partially rejected Heathrow Airport's plans to significantly raise its landing fees to fund a multibillion-pound upgrade. The CAA argues that Heathrow can still invest in upgrades without steep rises in ticket prices. The CAA has proposed that the average charge for each passenger should rise from £28.40 to £28.80 between 2027 and 2031, a 1% increase. This is £5.40, or 16%, lower than the changes proposed by Heathrow, but £5.80 or 25% higher than the changes wanted by the airlines. Heathrow had proposed a 17% increase to £33.26, which resulted in criticism from airlines who said it would lead to higher ticket prices for passengers. The CAA's proposal aims to strike a balance between keeping passenger prices fair and enabling the airport to make necessary investments. Selina Chadha, group director of consumer markets at the CAA, said: “Our primary duty is to protect consumers and at the heart of today’s proposals is doing the right thing for passengers using Heathrow airport, while supporting sustainable growth, investment, and efficiency.” The CAA has proposed that Heathrow spend between £5.4bn and £6.1bn on projects, including upgrading the airport's electrical system. Heathrow had been seeking approval to spend up to £10bn to handle an extra 10 million passengers a year by 2031. Thomas Woldbye, the chief executive of Heathrow airport, said: “We will now review the CAA’s initial proposal in detail to fully understand the implications for delivering the innovation, progress and improvements customers expect. On the face of it, the CAA’s proposal may force choices that create trade-offs for service and delay delivery.” The CAA will publish its final proposals in November, with a final decision expected in April 2027.
#heathrow #airport #caa
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Sports Mar 30, 2026

LA 2028 Olympics to Offer 1 Million Tickets at $28, Addressing Ticket Security Concerns

The 2028 Los Angeles Olympic Games will offer 1 million tickets priced at $28, with over 75% of tic…
The 2028 Los Angeles Olympic Games have announced that 1 million tickets will be available for $28, with a presale for residents in qualifying areas of Los Angeles and Oklahoma City beginning on April 2. General public ticket sales will start on April 9. According to LA28, roughly 5% of the Olympic tickets will cost over $1,000, while more than 75% of all tickets, including finals, will be under $400 and nearly 50% of all tickets will be under $200. This pricing strategy aims to make the event more accessible to a wider audience. “Tickets are comparable to and in many cases well under what we see for other professional sporting and major entertainment events in the US,” said Allison Katz-Mayfield, LA28’s senior vice-president of Games delivery revenue. This statement highlights the organizers' effort to balance revenue goals with fan affordability. To address ticket security concerns, LA28 has named a group of verified resale platforms, including AXS, Eventim, Ticketmaster, and Sports Illustrated Tickets. The verified multi-platform resale programme will open in 2027, providing fans with multiple points of access to verified tickets. The announcement comes as organisers prepare for the first ticket drop and seek to warn fans against buying from unauthorised sellers. LA28 emphasized that primary tickets will only be sold through its official ticket service providers, AXS and Eventim.
#Los Angeles 2028 Olympics #LA28 Organizing Committee #Ticketmaster
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Music Mar 30, 2026

Dua Lipa to Curate London Literature Festival at Southbank Centre

Dua Lipa will curate the London literature festival at Southbank Centre from October 21 to November…
Dua Lipa, the Brit award-winning pop star, has been announced as the curator of this year's London literature festival at the Southbank Centre. The festival, now in its 19th year, will run from October 21 to November 1.Lipa will shape the programme of events across the opening weekend and beyond in collaboration with her Service95 book club, which she launched in 2023. This initiative is part of the Southbank Centre's 75th anniversary programme and during the UK's National Year of Reading.Lipa has established herself as a prominent advocate for reading through her book club, where she spotlights established writers and emerging voices. She has interviewed notable authors such as Margaret Atwood, George Saunders, and Olga Tokarczuk.“Reading has anchored me through every chapter of my life,” Lipa said. “Curating the Southbank Centre’s London literature festival is a dream come true. I’m thrilled to indulge one of my greatest obsessions: books and the brilliant minds behind them.”Mark Ball, artistic director of the Southbank Centre, praised Lipa's passion for literature, stating, “Dua Lipa is a global cultural force with millions of fans around the world, and her passion for the written and spoken word has inspired a new generation of readers.”The 2026 edition will feature a mix of ticketed and free events, highlighting both Lipa's favourite writers and new literary voices. The full programme is expected to be announced over the summer.
#southbank #centre #lipa
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Science Mar 29, 2026

Unlocking the Science of Luck: How Behavioural Neuroscience Can Change Your Life

Discover how behavioural neuroscience reveals that luck is not just chance, but a set of identifiab…
The concept of luck has long been shrouded in mystery, often attributed to chance or fate. However, behavioural neuroscience has made significant strides in uncovering the underlying mechanisms that govern luck. According to research, luck is not just a roll of the dice, but rather a complex interplay of brain chemistry and behaviour that can be influenced and cultivated.The neuroscience behind luck reveals that it operates through identifiable patterns of brain chemistry and behaviour. Studies have shown that the consistently lucky are not blessed by fate, but rather, they possess a unique set of habits and characteristics that enable them to capitalize on opportunities and navigate challenges more effectively. Brain imaging techniques have even identified specific regions of the brain that are activated when individuals perceive themselves as lucky, shifting their perception from threat-detection mode to opportunity-recognition mode.Serotonin production, regulated by morning sunlight, tryptophan-rich foods, and a regular sleep-wake cycle, plays a critical role in determining one's luck. Individuals who prioritize these factors are more likely to experience a boost in serotonin levels, which in turn, enhances their mood, social confidence, and resilience. Conversely, those who lead erratic lifestyles and neglect these factors may find themselves chronically sleep-deprived and less likely to encounter fortunate events.Lucky individuals also tend to possess a clear awareness of their interests and passions, which guides their decision-making and behaviour. By following their 'fascination compass', they are more likely to stumble upon opportunities and experiences that align with their values and goals. Novelty-seeking and a willingness to take calculated risks also characterize lucky individuals, as they understand that each small departure from routine can be a ticket to new experiences and encounters.Generosity and a willingness to help others without expectation of return are also key characteristics of lucky individuals. Brain imaging studies have shown that acts of genuine generosity activate the brain's deepest reward centre, releasing feel-good chemicals that reinforce positive behaviours and build social capital. By investing in others and cultivating meaningful relationships, lucky individuals create a network of opportunities and support that can help them navigate life's challenges.In conclusion, luck is not just a matter of chance, but rather a complex interplay of brain chemistry, behaviour, and habit. By understanding the underlying mechanisms that govern luck and incorporating these insights into daily life, individuals can increase their chances of experiencing fortunate events and leading a more fulfilling life.
#behavioral neuroscience #dopamine #neuroplasticity
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Sports Mar 27, 2026

Women's Super League Derby Weekend Arrives with Six Local Rivalries

The Women's Super League and WSL2 are set for a thrilling derby weekend with six local rivalries re…
The Women's Super League and WSL2 are gearing up for an exciting derby weekend, with six local rivalries set to be reignited. This weekend's schedule has been criticized for potentially diluting the impact of these matches by staging too many high-profile games simultaneously.On Saturday, Everton host Liverpool, Manchester United welcome Manchester City, and Arsenal entertain Tottenham, all within a span of six hours. The attendances for these matches are expected to be high, with over 45,000 tickets sold for the north London showdown at the Emirates Stadium.While the initial numbers are encouraging, there is an argument that staggering these derbies across the season may draw greater cumulative focus. The buildup to the Merseyside derby at Goodison Park has felt low-profile this time, overshadowed by the Manchester derby at Old Trafford.The WSL's growth timeline and dependence on stadium availability and broadcast partners must be considered. The league's scheduling strategy, including timing the opening weekend to coincide with the September men's international window, is crucial for its development.This weekend's matches promise to be close-fought affairs, with the top two teams going head-to-head at Old Trafford. Arsenal's Kim Little has signed a new one-year contract, and Tottenham's Martin Ho has extended his stay with the club.
#there #weekend #wsl
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Technology Mar 26, 2026

Star Wars C-3PO Head Sells for Over $1 Million at Auction

A light-up C-3PO head used in Star Wars: The Empire Strikes Back has sold for over $1 million at an…
A light-up C-3PO head used in Star Wars: Episode V – The Empire Strikes Back has fetched more than $1 million at an auction. The prop was part of a collection of film and TV memorabilia that went under the hammer on Wednesday as part of the Spring Entertainment Memorabilia Live Auction at Propstore auction house in Los Angeles.It is the only known example of the fictional droid’s head to appear on the collector market and sold for $1,058,400 (£790,440 or A$1,519,259), having received a pre-sale estimate of $350,000 to $700,000.The C-3PO head was the top lot at the auction, which also saw the harpoon gun used by the actor Robert Shaw in Jaws, accompanied by its original case, fetch $327,600.Elsewhere, a Wilson volleyball used by Tom Hanks in 2000’s Cast Away sold for $189,000 after receiving a pre-sale estimate of $150,000 to $300,000.The auction also featured broken pieces of a sword used in The Lord Of The Rings, which sold for $252,000.The first day of the auction fetched $6.5 million and also included items such as a golden ticket from the 1971 film Willy Wonka & the Chocolate Factory.Brandon Alinger, Propstore’s chief operating officer, said: “We’ve seen a strong start to the auction, with competitive bidding right from the outset.“At Propstore, Star Wars material continues to resonate with collectors and the C-3PO head from The Empire Strikes Back was a real highlight of the day.“The Jaws collection also delivered an impressive overall result, coming just after the film’s 50th anniversary and reflecting its enduring appeal with collectors.“With such a diverse lineup of material still to come, we’re excited to see how the rest of the auction unfolds.”The final day of bidding, 27 March, will be dedicated to animation, with more than 200 lots celebrating the artistry of animation in film and television.
#auction #head #used
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Politics Mar 25, 2026

Trump Administration's $15,000 Visa Bond Requirement Poses Major Barrier to African World Cup Fans

Trump administration expands visa bond program requiring up to $15,000 deposit from travelers from …
A newly expanded policy from the Trump administration could require travelers from five World Cup-qualified African countries to post a bond of up to $15,000 in order to enter the United States for the tournament.Visa bonds function as security deposits: a one-time payment that is meant to be refunded after a traveler exits the US under the terms of their visa. The amounts typically range between $5,000 and $15,000, and are required for passport holders from certain countries to enter the US legally under B-1 or B-2 visas, which are necessary for business travelers or tourists.The US State Department has mandated these bonds since launching a pilot program in late 2025, targeting many of the same countries affected by the Trump travel ban along with others – predominantly nations from Africa, the Middle East, Latin America and parts of Asia. Last week, the state department announced an expansion of the program, with visitors from 50 countries now required to submit the deposits if requested by US consular officials.Among those 50 countries, five have qualified for the World Cup, all from Africa: Algeria, Cape Verde, Côte d'Ivoire, Senegal and Tunisia. Though refundable, the cost of the bonds alone is sufficient to make travel to the US prohibitively expensive for most fans from these nations, where average annual income levels are approximately $5,000 per year or less. Tunisia is scheduled to play one group-stage game in the US with the other two in Mexico. Senegal and Côte d'Ivoire will play twice in the US and once in Canada. Algeria and Cape Verde will compete in all three of their group-stage matches in Mexico.Even if affordable for some supporters, the multi-thousand dollar requirement adds another significant complication for fans from these countries, including exorbitant ticket prices for the games themselves, hotel rates far above average, plus additional visa processing delays and potential safety concerns created by the presence of federal immigration officers from ICE and other agencies in US cities.It remains unclear which entities, if any, will be exempt from the visa bonds. While Trump's travel bans contain exemptions for athletes and officials participating in major sporting events like the World Cup, the visa bonds program contains no such provision.The 2026 World Cup is scheduled to commence on June 11, with the final taking place on July 19 at MetLife Stadium in East Rutherford, New Jersey.
#Trump administration #US Department of State #FIFA
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