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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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Commentisfree Apr 03, 2026

Trump’s NATO Threats and Britain’s Bridge‑Building Failures Heighten US‑Europe Rift

Donald Trump’s recent attacks on European leaders, his rhetoric about leaving NATO, and the UK’s fa…
In a scene reminiscent of Henry James’s observation that the only certainty with a young American abroad is surprise, the current US president continues to bewilder European partners with erratic statements.President Trump has publicly ridiculed British Prime Minister Keir Starmer and the Royal Navy as feeble, mocked French President Emmanuel Macron over personal matters, urged allies to secure their own oil supplies, and declared that withdrawing the United States from NATO is "beyond reconsideration". These comments come as the conflict in Iran, ignited by Trump and Israeli Prime Minister Benjamin Netanyahu, drags on without a clear resolution, fueling his domestic political anxieties.European officials responded not with shock but with weary irritation, noting that Trump’s unpredictability is now a permanent feature of US policy, steering the continent away from the liberal international order. Analysts warn that NATO’s credibility is eroding, turning the alliance into a "paper tiger" even as Russian President Vladimir Putin watches closely.Britain, hoping to serve as a diplomatic conduit between Washington and Brussels, finds its position increasingly precarious. Post‑Brexit economic vulnerabilities and the looming state visit of King Charles to the United States offer little strategic gain and risk becoming a diplomatic embarrassment.Prime Minister Starmer has deliberately avoided direct confrontation with Trump, instead pledging to deepen the United Kingdom’s economic and security ties with the European Union. This shift aims to reassure Labour factions leaning toward the Liberal Democrats and Greens, while also hoping that shared security concerns will coax European capitals into offering more robust economic support.In a world where traditional alliances are fraying, European leaders face mounting pressure to forge genuine security cooperation rather than merely increasing defence spending. The consensus is clear: delay is no longer an option for Europe to secure its own future.
#europe #trump #not
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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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Sports Apr 03, 2026

Timeforshowcasing's 25‑1 Upset at Burradon Stakes Propels Filly Toward Classic Guineas

Charlie Johnston’s bold backing of 25‑1 outsider Timeforshowcasing paid off in the Burradon Stakes …
Timeforshowcasing delivered a stunning victory in the Burradon Stakes at Newcastle on Friday, defying odds that drifted to 25‑1. Trainer‑owner Charlie Johnston, who also collected a share of the prize money, said the win could fast‑track the filly into Classic company at either Newmarket or the Curragh next month.The Listed mile race featured a strong field of colts and geldings, but the filly settled comfortably before accelerating at the furlong pole and holding off a late surge from Padraig Dawn by a neck.“All day I’ve been thinking, ‘what do people know that I don’t?’ because this filly worked last Thursday and I thought she was in phenomenal order,” Johnston explained. “She started at 6‑1, drifted to 10‑1, then 16‑1 and finally won at 25‑1. I backed her twice – I couldn’t believe how much she drifted.”Timeforshowcasing now has entries for both the English and Irish 1,000 Guineas. Johnston added, “She won’t be out of place in a Guineas, albeit she’d have a bit to find. If the big guns clash at Newmarket, the Irish Guineas might be an option – she won with a bit of dig in the ground at Goodwood last year.”The article also referenced the rapid rise of American Affair, who moved from a Scottish Sprint Cup win to the King Charles III Stakes at Royal Ascot within three months, underscoring the potential for a similar breakthrough. Meanwhile, Jer Batt (3.42) emerges as a strong contender at around 6‑1, having been a close runner‑up to American Affair a year earlier and now carrying a 7‑lb lower mark after a winter wind operation.Other notable horses highlighted for upcoming meetings include Strength Of Spirit (Musselburgh 1.25), freshly gelded and poised for further progress, and the lightly‑raced Midnight Gun (Musselburgh 1.55), who remains fairly weighted on the pick of his best form from last season.Additional betting tips note that Al Qareem (Musselburgh 2.30) is a warm favourite for a 13th career win, while We’re Red And Blue (Haydock 2.12) offers a good chance to confirm recent improvement, and Walden (Haydock 2.46) appears overpriced despite a strong Ascot performance earlier in the year.
#Timeforshowcasing #Charlie Johnston #Burradon Stakes
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Music Apr 03, 2026

Chicago Indie Rockers Friko Unveil Radiant New Album ‘Something Worth Waiting For’ and Curate Guardian’s Weekly Playlist

Chicago’s Friko announces their cheekily titled second album, Something Worth Waiting For, set for …
Friko, the Chicago‑based indie outfit, is gearing up for the launch of their second LP, Something Worth Waiting For, slated for 24 April. The record, described as a “radiant ramble” through modern indie rock, reflects the band’s recent touring experiences and explores themes of yearning, growth, and stability.The lead single, "Choo Choo", bursts with a road‑trip vibe, pairing vocalist‑guitarist Niko Kapetan’s urgent, quavering delivery with guitarist Korgan Robb’s atmospheric riffs. Critics note a vocal timbre reminiscent of Modest Mouse’s Isaac Brock and Sparks’ Russell Mael, while the track’s lyrical nods to classic American road food add a playful, homespun charm.Since their 2024 debut Where We’ve Been, Where We Go From Here, Friko has expanded from a duo (Kapetan and drummer Bailey Minzenberger) to a full four‑piece, adding Robb and touring bassist David Fuller. The new album also benefits from the touch of Grammy‑winning producer John Congleton, known for work with Mannequin Pussy, The Mountain Goats, and St Vincent. His influence shines on the Bowie‑esque chamber‑pop ballad "Seven Degrees", underscoring the group’s evolving sound.In addition to the album news, the Guardian’s weekly Add to Playlist roundup spotlights a curated selection of fresh tracks. Highlights include Wallis’s techno‑laden “Biscuit,” Beth Orton’s intense “The Ground Above,” Toronto pop‑star Chxrry’s catchy “Hall of Fame,” and a collaborative anti‑immigrant‑detention compilation track by Wendy Eisenberg’s trio Darlin’. The list also features Jeff Parker’s hopeful “Like Swimwear (Part One)”, a dubstep‑rap hybrid “Duro” from Skrillex and Young Miko, and Cass McCombs’s garage‑rock anthem “Seeing the Elephant”.Listeners can stream the full playlist on Spotify, Apple Music, Tidal, or other services, ensuring the week’s most inventive indie and electronic releases are just a click away.
#friko #choo #while
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Technology Apr 03, 2026

NASA's Artemis II Mission Reaches Lunar Bound: Astronauts Break Free of Earth's Orbit

The Artemis II mission marks a significant milestone as four astronauts break free of Earth's orbit…
NASA's Artemis II mission has reached a critical phase as the four astronauts on board have successfully fired up their spacecraft's engine to break away from Earth's orbit and embark on a trajectory towards the moon. This historic moment marks the first crewed lunar flyby in over half a century. The Orion capsule's engine blasted off on Thursday, propelling the astronauts on their 10-day mission, which includes looping around the moon. The burn, lasting just under six minutes, provided enough thrust to accelerate a stationary car to highway-driving speed in less than three seconds. The mission control team in Houston confirmed the successful burn, stating, 'Looks like a good burn, we're confirming.' The astronauts, consisting of Americans Reid Wiseman, Victor Glover, and Christina Koch, along with Canadian Jeremy Hansen, are now on a 'free return' trajectory, utilizing the moon's gravity to slingshot around it before heading back towards Earth without propulsion. The Artemis II mission is a crucial step towards establishing a permanent human presence on the moon, with the ultimate goal of landing humans on the lunar surface by 2028. This mission also marks a series of historic firsts, including the first person of color, the first woman, and the first non-American on a lunar mission. The spacecraft's crew spent their initial hours in space performing checks and troubleshooting minor issues, including a communications problem and a malfunctioning toilet. They also began their fitness routine on the spacecraft's 'flywheel exercise device' to minimize muscle and bone loss in microgravity. NASA's Artemis program has been portrayed as a competitive effort with China, which aims to land humans on the moon by 2030. The program has faced pressure from various quarters, including former President Trump, who has pushed for an accelerated pace. The mission's commander, Reid Wiseman, described the breathtaking view of Earth from space, saying, 'You can see the entire globe from pole to pole... It was the most spectacular moment and it paused all four of us in our tracks.'
#moon #artemis #astronauts
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Sports Apr 03, 2026

Sam Kerr Reportedly Set to Leave Chelsea for US Club Denver Summit

Australian soccer star Sam Kerr is reportedly leaving Chelsea FC to join US club Denver Summit at t…
Matildas captain Sam Kerr is set to leave Chelsea FC at the end of the Women's Super League season to join expansion club Denver Summit in the United States.Kerr's future at Chelsea had been uncertain, with her contract expiring at the end of the season and little discussion of a new deal. The 32-year-old has won the Women's Super League title five times and three FA Cups with Chelsea.According to reports, Kerr has signed with Denver Summit, a significant coup for the ambitious new club. The move would mark Kerr's return to the US, where she previously played for Western New York Flash, Sky Blue FC, and Chicago Red Stars.Kerr has an American wife, former US international Kristie Mewis, and her signing would be a boon for Denver Summit, which counts US ski star Mikaela Shiffrin and NFL great Peyton Manning among its owners.The news was met with a statement from Kerr herself, who refuted the report on Snapchat, saying: “Don’t believe everything you read in the media man, they know a decision before me.” Chelsea FC subsequently retweeted her response.Kerr's potential move comes as she prepares to captain the Matildas in a pair of international friendlies in Kenya later this month.
#kerr #chelsea #club
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Video Apr 03, 2026

Analysts Signal the Start of a Decline in U.S. Global Security Dominance

The article, titled “It’s the beginning of the end of the American security order,” suggests that e…
Note: The full text of the Al Jazeera piece titled “It’s the beginning of the end of the American security order” was not included in the source material, so detailed analysis cannot be reproduced here.
#beginning #end #american
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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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