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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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Sports Apr 02, 2026

Championship weekend showdown: Coventry chase promotion, Millwall eye upset and Wrexham push for playoffs

The English Championship returns with a packed Easter weekend as Coventry City solidifies its promo…
The EFL Championship kicks off an action‑filled Easter weekend, with promotion, playoff and relegation battles all still wide open. Coventry City, under Frank Lampard, sit comfortably in the automatic promotion places, enjoying an 11‑point cushion over third‑placed Ipswich Town ahead of their upcoming clash with Derby County. One of the marquee fixtures sees Middlesbrough host Millwall. Millwall manager Alex Neil, while downplaying the match, hinted that a win could thrust the Lions back into the promotion conversation for the first time since the early 2000s. At the Hawthorns, Wrexham take on West Bromwich Albion in a game that could keep their playoff hopes alive. West Brom, after a long winless spell, have finally found form under James Morrison, securing back‑to‑back victories. In a surprising managerial change, Bristol City have dismissed Gerhard Struber and appointed a 78‑year‑old interim coach, referred to as “Mr Roy”, who will debut against Charlton Athletic. Meanwhile, Sheffield United host Swansea City in a mid‑table encounter that promises a lively atmosphere at Bramall Lane. Relegation‑battling Sheffield Wednesday aim to end a 33‑game winless streak when they face Stoke City, needing six points from their final seven games to avoid the drop. Leicester City remain under pressure after a points deduction, fighting alongside Oxford, Portsmouth, West Brom and Blackburn to stay clear of League One. Conversely, Lincoln City could clinch promotion – their first return to the second tier since 1961 – with a home win over AFC Wimbledon. In a side note, former Liverpool captain Steven Gerrard praised Mohamed Salah’s extended stay at Anfield, highlighting the former’s influence on the Egyptian striker’s decision to remain.
#millwall #middlesbrough #wrexham
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Tech Apr 01, 2026

Baidu’s Apollo Go Robotaxis Halt in Wuhan After System Glitch, Leaving Passengers Stranded

Police in Wuhan confirmed that a system malfunction forced multiple Baidu‑operated Apollo Go robota…
Police in Wuhan reported a sudden "system malfunction" that immobilised several autonomous robotaxis operated by Baidu’s Apollo Go service, leaving passengers stuck on an elevated highway for up to an hour and a half.Local authorities said they received a flood of calls on Tuesday night from riders whose vehicles froze in the middle of the road. A police statement confirmed that “multiple Apollo Go cars stopped in the middle of the road, unable to move,” and preliminary investigations point to a technical failure.Baidu maintains a fleet of more than 500 driverless cars in Wuhan, though the exact number affected was not disclosed. One commuter shared a 90‑minute ordeal on the Chinese platform RedNote, describing how the vehicle stalled at 9 p.m. on an overpass, surrounded by dump trucks, while customer‑service lines remained unanswered.The rider eventually was rescued after the order was cancelled at 10:30 p.m., but criticized Apollo Go’s support team for offering “useless platitudes” instead of concrete solutions. Social‑media users also posted videos captioned “Apollo Go, are you paralysed?” showing futile attempts to contact the company via the in‑car tablet.This is not Baidu’s first controversy. In December, authorities in Zhuzhou halted robotaxi operations after a Baidu‑manufactured autonomous vehicle struck two pedestrians, sending them to intensive care.Despite these setbacks, Baidu’s autonomous‑mobility arm continues to grow. Company filings reveal that Apollo Go delivered 3.4 million driverless rides in the fourth quarter of 2025, a jump of over 200 % compared with the same period in 2024. The firm is also pursuing international expansion, having announced partnership deals with rideshare giants Lyft and Uber to deploy its vehicles on their platforms.When approached for comment, Baidu did not respond, according to Reuters.Additional reporting by Yu‑chen Li
#Baidu #Apollo Go #Wuhan
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World Economy Apr 01, 2026

UK Chancellor Reeves convenes supermarket CEOs to tackle looming food price surge amid Middle East‑driven energy crisis

Chancellor Rachel Reeves will meet the heads of Sainsbury’s, Tesco and Morrisons to assess potentia…
The UK’s chancellor, Rachel Reeves, is set to sit down with the chief executives of Sainsbury’s, Tesco and Morrisons on Wednesday. The meeting aims to gauge the scale of possible price hikes and shortages of essential household goods as the nation grapples with a sharp rise in energy, fuel and fertiliser costs triggered by the ongoing Middle East conflict. A Treasury source described the gathering as a "fact‑finding, open discussion" intended to identify any supply squeezes and to forecast the impact on the cost of living over the coming months. Allan Leighton, executive chair of Asda, will not attend but has publicly urged the government to "stand up and start doing stuff" to aid farmers and curb fuel prices, warning that food costs will inevitably climb if the conflict persists. Simon Roberts, chief executive of Sainsbury’s, cautioned that price increases are "unlikely to rise until the summer" thanks to long‑term contracts on energy and fertiliser that currently keep a lid on costs. Nevertheless, UK growers are sounding the alarm. Producers of tomatoes, cucumbers, peppers and aubergines say higher input costs could force them to pull plants from the ground, creating potential gaps on supermarket shelves. Lee Stiles, secretary of the Lea Valley Growers’ Association – the region often dubbed London’s "salad bowl" – is lobbying for indoor food producers to be classified as "energy‑intensive users" alongside steel, chemicals, cement and glass, thereby qualifying for additional support with surging energy bills. Stiles also called on retailers to renegotiate contracts with growers to reflect the cost surge since the Middle East conflict began. He warned that the upcoming increase in standing charges on 1 April – a fixed daily fee for accessing the gas and electricity network – will further strain producers’ margins. "Growers have already invested in plants and labour for three to four months," Stiles said. "When you do the maths, the numbers don’t add up. They would lose less money by sending workers home, pulling the plants out and turning off the boiler." If domestic growers cut the season short, European glasshouses, which normally supply the UK’s salad market at this time of year, may struggle to fill the void, risking a repeat of the fresh‑produce shortages experienced in early 2023. The British Poultry Council (BPC) echoed these concerns, highlighting pressures on supplies of oil, gas, fertiliser and essential feed components. "These factors are creating sustained upward pressure on the cost of poultry production," the BPC warned, adding that while some cost increases may be absorbed, others will inevitably be passed on to consumers. Richard Griffiths, BPC chief executive, noted that while many farmers have long‑term energy deals, costs such as diesel are rising rapidly, and there are fears that vital medicines could become unavailable at any price. In response, the government has announced a £117 cut to household energy bills, an increase to the legal minimum wage, and the launch of a £1 billion "crisis and resilience" fund aimed at helping vulnerable households with expenses such as heating oil.
#tesco #morrisons #asda
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Politics Mar 30, 2026

Critical Hormuz Strait Chokepoint Jams Dozens of Ships in Rare Traffic Congestion

A Canadian YouTuber has documented an unusual traffic jam of dozens of ships in the strategically i…
A Canadian content creator has captured rare footage showing dozens of ships congested in the Hormuz Strait, one of the world's most critical maritime chokepoints for global oil transportation.The strategic waterway, which connects the Persian Gulf with the Gulf of Oman and the Arabian Sea, typically sees continuous vessel traffic carrying oil from major producers to global markets. The documented congestion represents an unusual occurrence in this vital transit route.The Hormuz Strait is essential to global energy security, with approximately 20% of the world's traded oil passing through this narrow channel. Any disruption to maritime traffic in this region can have significant implications for international oil prices and supply chains.While the exact cause of the congestion remains unclear, such incidents highlight the geopolitical sensitivity of this critical waterway. The strait has previously been the site of tensions involving regional powers and international naval forces.The Canadian YouTuber's documentation provides rare visual evidence of the scale of the maritime traffic jam, offering valuable insight into the operational challenges faced in one of the world's busiest shipping lanes.
#Hormuz Strait #Saudi Aramco #OPEC
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Entertainment Mar 30, 2026

Alim Beisembayev Shines with Intimacy and Conviction in Romantic Piano Recital

Kazakh-born pianist Alim Beisembayev delivers a captivating recital of Romantic-era masterpieces, s…
Alim Beisembayev, the Kazakh-born winner of the 2021 Leeds International Piano Competition, presented a compelling piano recital that traversed the Romantic era, from Schubert to Liszt. His performance was marked by intimacy and conviction, bringing to life the passionate surge of Romanticism over three decades.Beisembayev's approach to Schubert's Moments Musicaux, D780 was characterized by calmness and understatement, effectively highlighting the vast contrast with the Liszt that followed. He skillfully utilized the fine acoustic of the Dora Stoutzker hall to create an intimate atmosphere, where Schubert's characteristic slipping between major and minor modes was quietly evocative.In his rendition of Chopin's Fantaisie, Op49, Beisembayev demonstrated a strong affinity with the composer, shaping long arching melodies and capturing their particular melancholy. His keyboard manner was both composed and contained, yet fired volleys of notes with fierce conviction. This approach seemed to embody Schumann's observation that Chopin's works were 'cannon buried in flowers.'The program's coherence was further underscored by the key of F minor, which also pointed to the interval of a diminished 5th, perceived as the Diabolus in Musica in Liszt's Sonata in B minor. Beisembayev's precise management of Liszt's transitions from apocalyptic turmoil to serene melody spinning, punctuated by moments of silence, showcased his technical assurance and deeper interpretative insights.The recital concluded with a Debussy encore that seamlessly transitioned into the 20th century, offering liquid balm beautifully delivered.
#Alim Beisembayev #Kazakhstan #Romantic era
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Sports Mar 27, 2026

Roy Hodgson Returns to Management with Bristol City at 78

Roy Hodgson, 78, has made a surprise return to football management with Bristol City, taking over f…
Roy Hodgson has made a sensational return to management at the age of 78 with Bristol City, following the sacking of Gerhard Struber by the Championship club. Hodgson, who has been out of work since leaving Crystal Palace in February 2024, will take charge of City for the remaining seven games of the season. They are currently 16th in the Championship.Hodgson's storied managerial career in England began at Ashton Gate in 1982, after a period at Swedish club Halmstad. In total, he has managed 17 different clubs and four different international sides, including England, from 2012-16. “I have had great conversations with the board and I am really excited by the opportunity to help until the end of the season,” he said. “We will get straight to work and look for a positive performance [against Charlton] on Good Friday.”The appointment comes after Struber, who succeeded Liam Manning last summer, had grown frustrated at the club and voiced his disappointment at the January window, when City sold key players Anis Mehmeti and Zak Vyner to division rivals Ipswich and Wrexham respectively. Struber’s assistant Bernd Eibler has also departed. Results under the Austrian tailed off, with Struber winning only one of his final nine matches in all competitions.“Roy’s appointment is about more than the results of the next seven games,” said the Bristol City chief executive Charlie Boss. “Over the remainder of the season, he will help us set the standards and values at the club that we will need to be successful going forwards. Roy is a vastly experienced coach who has achieved and won at the highest level.” City are in the process of recruiting an incoming sporting director who will help appoint a permanent head coach expected to replace Hodgson at the end of the season.
#Roy Hodgson #Bristol City #Gerhard Struber
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Sport Mar 26, 2026

Olympics U-Turn: Transgender Women Banned from Female Events

The International Olympic Committee (IOC) has reversed its previous stance on transgender athletes,…
The International Olympic Committee (IOC) has made a significant U-turn on its policy regarding transgender athletes, effectively banning them from competing in female events at the Olympics. This decision marks a major shift from their previous stance, which allowed transgender women to compete with certain conditions.In 2020, the IOC permitted Laurel Hubbard, a transgender weightlifter, to compete at the Tokyo Olympics, issuing a framework that stated transgender women “should not be deemed to have an unfair or disproportionate competitive advantage” over biological women. However, in a recent policy document, the IOC has stated that the female category must be protected for fairness and safety reasons, and will use SRY screening – a sex test using saliva or a cheek-swab – to determine biological sex.This new policy means that transgender women and athletes with differences in sex development (DSD), who were reported as female at birth but have internal testes and have undergone male puberty, are now banned from the female category at all future Olympics. The decision has caused anger among some groups and joy among others.According to Kirsty Coventry, the newly elected IOC president, this policy change was a priority for her, and she had set up a working group to examine the issue shortly after taking office. Coventry emphasized that the decision was based on scientific consensus and the need to protect the female category.The IOC's decision is based on scientific research showing that males have a performance advantage in sports, even after hormone treatment. The policy document states that the advantage is 10-12% in most running and swimming events, and greater than 100% in events that involve explosive power. This has led to sports such as athletics, swimming, and boxing introducing policies to protect the female category.While this decision applies only to elite sport, there could still be future challenges at the Court of Arbitration for Sport if transgender or DSD athletes decide to appeal. Nevertheless, the IOC's U-turn marks a seismic shift in the ongoing debate about transgender athletes and their participation in sports.
#ioc #transgender #women
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Film Mar 24, 2026

Empire of Lies Film Review: A Tense but Flawed Thriller

A review of the film 'Empire of Lies', a psychological thriller about a far-right conspiracist and …
The film 'Empire of Lies' starts with a promising premise for a low-budget psychological thriller, set entirely in a field in Gloucestershire. The story revolves around Dave, a middle-aged man played by Joseph Millson, who lives in a caravan and keeps a gun in his kitchen cupboard. His life takes a dramatic turn when a young woman, claiming to be a YouTuber, enters his field with a camera.The woman, played by Natalie Spence, uncovers a dark past, revealing that Dave's climate-activist daughter has been murdered, with Dave as the prime suspect. The police lack evidence to charge him, but the media has vilified him. As the story unfolds, it becomes clear that Dave is a far-right conspiracist with extreme views on various topics, including Covid and dinosaurs.The film's tension builds as Dave shares his side of the story with the YouTuber, who initially appears earnest in her pursuit of truth. However, the script and direction struggle to maintain the high-wire act, making the twist ending feel somewhat unsatisfying. Despite solid performances from the actors, the film fails to generate enough genuine emotion or intrigue to keep viewers engaged.'Empire of Lies' is set to release in UK cinemas on March 27 and on digital platforms on April 13.
#dave #youtuber #but
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