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    Liberals, secular and younger people broadly back legalized cannabis, while conservative, religious and older Americans are putting the brakes on the country's speedy experiment to lift restrictions on the drug, new research shows. Gallup polling data from 2018 to the present day show that the biggest backers of legal weed skew liberal, secular, unmarried, black, white, affluent, college-educated, suburban, aged under 50 and oftentimes living out West. Conversely, those against recreational pot stores tend to be churchgoers, conservatives, Hispanics, women, Christians, poorer, married, East Coast types, according to an analysis released on Tuesday. 'Ideology, religiosity, age and party identification are the most important predictors of marijuana attitudes,' Gallup said in a statement. 'After controlling for the effects of other respondent characteristics such as gender, age and education, political liberals are about three times more likely, on average, than political conservatives to support legalizing marijuana.' Cannabis advocates celebrate the successful ballot measure to legalize cannabis in St. Louis, Missouri during the midterm elections earlier this month. The biggest backers of legal weed skew liberal, secular, unmarried, black, white, affluent, college-educated, suburban,...
    "He really is the living embodiment of the Dunning-Kruger effect," a friend responded in a group text over the weekend. We had been sharing stories about the bouts of dumbassery on display, as Elon Musk starts his ill-advised reign of Twitter. And hoo boy, there was plenty to share. Did you see the one about Musk telling software engineers to print out 30 days of code, only to tell them to shred it when he likely realized this exposed how he doesn't know what he's doing? Or how he plans to take a bazooka to the content moderation team, even though doing so will likely send advertisers packing? Or how he thought carrying a sink around was a hilarious joke? Or how he tweeted an asinine conspiracy theory about the Paul Pelosi attack, only to delete it hours later? None of this should be surprising. From day one, this entire saga has been a story of a man with far more money than brains. After all, this all started when Musk stupidly offered to buy Twitter at a price...
    Mother Jones illustration; Getty Fight disinformation: Sign up for the free Mother Jones Daily newsletter and follow the news that matters.This is not a time of optimism in America. People are reeling from inflation, gun violence, partisan rancor, race-baiting, a ruthlessly divisive Supreme Court decision, the long tail of a pandemic, and the very real prospect of political violence. A significant majority of the public, polls suggest, thinks the nation is headed in a bad direction. Nearly three-quarters of the people NBC News polled in August said as much, and more than a third predicted that things would get worse over the next five years. Our societal dysfunction has progressed to the point where many well-heeled Americans are looking for an escape hatch. And David Lesperance’s phone is ringing off the hook.  Lesperance, whom I profiled for Mother Jones in 2017, is a Canada-born lawyer who has specialized in arranging foreign citizenships for extraordinarily wealthy people, from athletes and celebrities to founders, investors, and corporate bigwigs with assets ranging from about $25 million to $20 billion. He calls them “golden geese” because they...
    Senate Joe Manchin said Wednesday he has a deal with Democratic leadership on a bill that would cut inflation and include an energy policy after he previous scuttled President Joe Biden's green agenda. The surprise announcement dropped after the Senate passed a rare bipartisan billion bill to fund domestic semiconductor chip manufacturing and boost competitiveness with China.  It also came as Manchin is out with covid and working remotely. Manchin, one of the most conservative Democrats in Congress, has long been a hold out on some key social, climate, health and economic items for Democrats. The announcement will allow for movement on Biden's social agenda, which has been stalled for seven months, and could reap major political benefits for Democrats ahead of the November midterm election. Senate Joe Manchin said he has a deal with Democratic leadership on a bill that would cut inflation and include an energy policy after he previous scuttled President Joe Biden's green agenda Details on the deal Senator Manchin and Schumer's new bill would raise $739 billion in new revenue through a variety of proposals: $313 billion...
    LinkedIn co-founder Reid Hoffman recently jumped into the fray to defend fellow billionaire Elon Musk against former President Donald Trump - blasting the former White House occupant as a 'spoiled rich kid' and 'sore loser.'   'Elon's a classic immigrant story - an entrepreneur with a real record of success. Started EV revolution w/Tesla, resurrected US rocket industry w/SpaceX, fighting climate change while promoting American innovation,' Reid said on Twitter. 'Trump, OTOH, is a spoiled rich kid who bankrupts everything he touches. Including the US economy.  Scroll down for video  LinkedIn cofounder Reid Hoffman blasted former President Donald Trump as he defended Elon Musk recently in a Twitter thread 'His career highlight was pretending to be a successful entrepreneur on a TV show, instead of being one in real life like Elon. 'Personally, I support people working to build a better future for America and the world. RELATED ARTICLES Previous 1 Next 'It felt a lot like Wolf of Wall Street': Ex-Tesla worker... Tesla Autopilot head Andrej Karpathy leaves as company faces... Share this...
    A typical rich American is not who we think they are, but actually the owner of a 'regional business,' such as an 'auto dealer' or a 'alcohol or soft drinks distributor.' While doing research for his book, author Seth Stephens-Davidowitz said he was shocked to learn that more than 140,000 Americans who earn more than $1.58 million per year are owners of so-called 'unsexy' businesses.  These include auto repair shops, gas stations and business equipment contractors.   In a New York Times op-ed piece published Saturday, Stephens-Davidowitz pointed to a 2019 study by four economists, 'Capitalists in the Twenty-First Century,' that analyzed data of American taxpayers to determine who dominated the top 0.1 percent of earners. 'It is rare that I read a sentence that changes how I view the world. This was one of them,' he wrote. 'I hadn't thought of owning an auto dealership as a path to getting rich; I didn't even know what a beverage distribution company was.'   A typical rich American is not who we think they are, but actually the owner of a 'regional business,'...
    The wealth of America's top 1 percent, an elite group including Elon Musk, Jeff Bezos and Warren Buffet, hit a record $45.9 trillion last year, more than that of the bottom 90 percent combined. The top 1 percent added $6.5 trillion to their net worth last year as stocks and financial markets soared, according to the Federal Reserve's latest report on household wealth. Meanwhile, the bottom 90 percent of the country added just $5.3 trillion in net worth, taking their collective assets to just $43 trillion, the report reveals.   To be considered part of the top 1 percent of wealth, a household would need to have a net worth of more than $11 million -- compared to the US median net worth of $122,000. The top 1 percent added $6.5 trillion to their net worth last year, reaching a collective wealth of $45.9 trillion, according to new data The elite group includes the richest Americans such as Elon Musk (left) and Jeff Bezos (right) who gained $277 billion and $4.5 billion respectively last year 'The numbers are astounding,' Edward Wolff, professor of...
    China is producing new billionaires, especially female billionaires, at a much faster rate than any other country in the world - though America's upper class still controls more wealth than its Chinese counterparts. As of 2022, China has more billionaires, with 1,133, while the US has just 716.  It's a wider margin compared to last year, though the U.S. still holds the top prize for producing billionaires and companies with far more international influence, according to Axios.  Together, China and the US have contributed to 55 percent of 'known' billionaires  worldwide over the last year, according to the Hurun's 2022 Global Rich List.  Furthermore, New York City no longer features among the top three cities with the highest number of billionaire residents after Shenzhen leap frogged the Big Apple into third place.  All top three cities are now in China: Beijing in first place with 144 billionaires, followed by Shanghai with 121 and Shenzhen 113, respectively.  Zhong Shanshan, founder and chairman of bottled water company Nongfu Spring is China's wealthiest man with $60.5Billion in the bank American super-rich, however,...
    President Joe Biden gave an hour-long speech for his first State of the Union address on Tuesday night where some claims were deemed valid and others false President Joe Biden delivered his first State of the Union address on Tuesday evening where he called for unity, lauded his domestic wins and announced new action against Russia after Vladimir Putin invaded Ukraine. Here is a fact check of some of the claims Biden made in his hour-long remarks. Gun manufacturer can't be sued Claim: 'Look, repeal the liability shield. It makes gun manufacturers the only industry in America that can't be sued.' This sweeping statement is FALSE, because gun manufacturers can be sued and there are other industries in the U.S. that do have certain liability protections that prevent them from being sued. The gun industry does have some unique protections that Democrats are seeking to erode. The 2005 Protection of Lawful Commerce in Arms Act made it so gun manufacturers cannot be held liable for the use of their products in crimes. This doesn't mean that the manufacturers can't be...
    (CNN)Jeff Yang, Phil Yu and Philip Wang have been chronicling the progress of Asian America for decades.Yang published the now defunct A. Magazine before going on to write for The Village Voice, The San Francisco Chronicle and other publications (he is now a CNN Opinion contributor). Yu has been blogging about Asian American mainstream media representation under the moniker Angry Asian Man. Wang and his filmmaking partners at Wong Fu Productions tell Asian American stories they feel have been missing from pop culture.But in the last few years, they felt that conversations about Asian American pop culture seemed to begin with "The Joy Luck Club" and skip right to "Crazy Rich Asians," without much thought to everything that came in between. Forty-two percent of Americans couldn't name someone famous from the community. The movies, the music and the subcultures that were so foundational to them simply weren't visible -- even to many Asian Americans.From left to right: Phil Yu, Jeff Yang and Philip Wang, authors of "RISE: A Pop History of Asian America from the Nineties to Now." "RISE: A...
    "The biggest voter suppression is apathy," Woodson continued. "In many of our cities like Washington, D.C., in mayoral elections and others, the turnout is under 6% in high crime areas because they live in a banana republic." "They're talking about voting rights as the most important issue to black America," he said. "That's not true. It may be for some elites who profit from it, but every five minutes of every day a child is shot in America, and four times that number of those children are black." "I know one woman who lost all four of her sons to homicide before the age of 30; that's the crisis facing low-income black America, it is not voting rights," he added. "Some of these same murders are occurring in cities that have been run by black politicians over the past 50 years," Woodson explained. "If racism were the sole culprit, then why are blacks failing in institutions run by their own people? Why are they failing in political systems where all the control is in the hands of black politicians?"...
    Philadelphia-born civil rights leader Bob Woodson criticized President Biden, Vice President Kamala Harris and the progressive wing of the Democratic Party for "hijacking" the movement he helped lead in the 1960s. Woodson told "The Ingraham Angle" on Friday that the election federalization bill named after fellow civil rights leader John Lewis is not about civil rights or the betterment of the Black community as Biden and others claim. Vice President Kamala Harris. (AP Photo/Patrick Semansky) (AP Photo/Patrick Semansky) He told host Raymond Arroyo that Harris tarnished the movement's legacy and bashed America when she told an interviewer that the United States should "watch how can we talk to other countries about human rights abuses — 'autocracies' — if we in our own country see an erosion of the rights that have been invested in the American people." "It's part of the whole process that progressives have hijacked the rich legacy of the civil rights movement and really using it as a bludgeon against the country," said Woodson, after Arroyo asked if Harris was equating the United States with Communist...
    Illegal aliens, and foreign nationals using the little-known Visa Waiver Program (VWP), from South America are flocking to the suburbs of Washington, D.C. to burglarize rich Asian Americans, the Washington Post reports. Groups of illegal aliens, often posing as Peurto Ricans, and foreign nationals arriving in the U.S. on the VWP are sweeping the nation in states like Virginia, Texas, South Carolina, New York, New Jersey, and California with organized home burglaries. In the D.C. suburbs of Fairfax County, the illegal aliens and foreign nationals are targeting wealthy Asian Americans with million-dollar homes and loads of expensive items. One Federal Bureau of Investigation (FBI) official called the so-called “crime tourists” an “enormous threat right now in our country” that is expanding every day. Even after being arrested, though, the illegal aliens and foreign nationals face such low bail that they are often quickly released from police custody. The Post reports: Law enforcement experts say cells of professional South American burglars, particularly from Colombia and Chile, are entering the country illegally or exploiting a visa waiver program meant to expedite tourism...
    Country music superstar John Rich said people waiting for former President Donald Trump “to save America” are wrong and explained the only ones who can are Americans themselves. “Trump can’t save America, only Americans can save America,” the 47-year-old country singer tweeted Thursday to his hundreds of thousands of followers. (RELATED: Country Superstar John Rich Says He ‘Doesn’t Know How Anyone Can Live’ In Los Angeles ‘At This Point’ After Spate Of Brazen Crimes) “And that’s only if God allows it to be saved,” he added. (RELATED: John Rich: ‘Country Music Industry Is Out Of Touch With The Audience’ Following Pride And Gun Control Campaigns) Trump can’t save America, only Americans can save America, and that’s only if God allows it to be saved. — John Rich (@johnrich) December 16, 2021 Hours earlier, the “Amazed” hitmaker appeared to challenge Twitter and posted about “real men” and Jesus. “Let’s see if this gets flagged,” Rich wrote to his followers. “Real men love Jesus. Real men take care of their families. Real men fight for freedom.” Let’s see if this gets flagged: Real men...
    Over the years, conservative-leaning New York Times columnist David Brooks, now 60, has had plenty of disagreements with Democrats, liberals and progressives. But Brooks has been a blistering critic of former President Donald Trump and the MAGA movement, which he believes has been terrible for conservatism and terrible for the Republican Party. In an essay/think piece published by The Atlantic on December 8, Brooks argues that conservatism — which he once considered a “rich philosophical” tradition — has “devolved into” hatemongering, conspiracy theorists and “voter suppression.” Brooks opens his article by explaining how, as a young “politics and crime reporter” in Chicago, he went from considering himself a “socialist” to embracing conservatism. Seeing Chicago housing projects like Cabrini Green and the Robert Taylor Homes, Brooks writes, helped convince him that liberalism’s “best of intentions” had “become nightmares.” Brooks also describes his internship at the late William F. Buckley’s National Review as an experience that greatly influenced him politically. “In conservatism, I found not a mere alternative policy agenda, but a deeper and more resonant account of human nature — a...
    FOX Business host of "How America Works" Mike Rowe and country music star John Rich and teamed up with the Oak Ridge Boys to release a new Christmas song highlighting Santa's "dirty job," while also giving back to the community this holiday season. MIKE ROWE AND JOHN RICH TEAM UP WITH THE OAK RIDGE BOYS FOR CHRISTMAS SONG ‘SANTA’S GOTTA DIRTY JOB' The pair appeared on "Fox & Friends" Tuesday to debut "Santa's Gotta Dirty Job," which funnels proceeds to Folds of Honor, an organization that provides scholarships to military families, and the mikeroweWORKS Foundation, which promotes trades and apprenticeships. "It is a very catchy song, and we want to try to raise as much money for both of your charities as possible," said co-host Steve Doocy. "John's charity is doing amazing work with families of vets who didn't make it back," Rowe stated. "We're doing what we can at mikeroweWORKS, but putting this song out here on this show like this, I know I speak for John, we're both super grateful. Thank you." "America's not having a great time right now...
    Students at KIPP Academy in the Bronx, New York. A new report makes a convincing argument for why we need free higher education in this country. It compares the cost of college—which has skyrocketed—with the average wage for graduates since 1980, which has completely flatlined. The most stunning thing is these numbers don’t change according to how smart you are.  “The evidence of our failure to help all youth make the long journey from early childhood to adult economic independence is plain. In the trajectory from kindergarten to a good job, the most talented disadvantaged youth do not fare nearly as well as the least talented advantaged youth,” reads the report. “It is far better to be born rich and white than smart and poor in America.” The cost of college has increased by 169% in the past 40 years, while wages for young grads have only increased by 19%, according to data from the U.S. Census, Bureau of Labor Statistics, and National Center for Education Statistics.  “Postsecondary education policy has failed to keep higher education affordable even as formal education beyond high school has...
    Imagine a world in which two things are true. One, you can make piles of cash as a direct result of breaking federal law. Think of it as theft by other means. Two, you won't ever get caught or be punished. Think of it as a veto on the rule of law. I'm not talking about illicit drug cartels. I'm talking about the respectable world of the very obscenely rich. In fact, according to Businessweek, the heads of the country's biggest corporate firms almost never face investigation and prosecution by the federal government for using insider information on the stock market. That's despite their portfolios almost always beating the markets. Trading on information that has not been made public is illegal. Yet it happens all the time. According to reporter Liam Vaughn, federal regulators seem to think it's not a big deal. Lax oversight encourages the already long-held view that "trading on sensitive information was widely considered a perk of being an executive at a publicly traded company, and that thinking seems to persist," even among the feds. "A growing...
    Democrats may — may — finally be about to agree on a revenue and spending plan. It will clearly be smaller than President Joe Biden’s original proposal, and much smaller than what progressives wanted. It will, however, be infinitely bigger than what Republicans would have done, because if the GOP controlled Congress, we would be doing nothing at all to invest in America’s future. But what will the plan do? Far too much reporting has focused mainly on the headline spending number — $3.5 trillion, no, $1.5 trillion, whatever — without saying much about the policies this spending would support. To be fair, though, the Biden administration could have done a better job of summarizing its plans in pithy slogans. So let me propose a one-liner: Tax the rich, help America’s children. This gets at much of what the legislation is likely to do: Reporting suggests that the final bill will include taxes on billionaires’ incomes and minimum taxes for corporations, along with a number of child-oriented programs. And action on climate change can, reasonably, be considered another way of...
    It remains to be seen what the Build Back Better Act of 2021 will ultimately look like if Democrats are able to get it passed by Congress and onto President Joe Biden's desk to be signed into law. But liberal economist Paul Krugman, in his October 25 column for the New York Times, expresses optimism that Democrats are about to pass legislation that will "invest in America's future" — even if the bill that is passed is smaller than what some progressives have been pushing for. "Democrats may — may — finally be about to agree on a revenue and spending plan," Krugman explains. "It will clearly be smaller than President Biden's original proposal, and much smaller than what progressives wanted. It will, however, be infinitely bigger than what Republicans would have done, because if the GOP-controlled Congress, we would be doing nothing at all to invest in America's future…. Far too much reporting has focused mainly on the headline spending number — $3.5 trillion, no, $1.5 trillion, whatever — without saying much about the policies this spending would support."...
    NEW YORK -- Donald Trump takes tremendous pride in being rich. Just ask him."I'm really rich," he said in his presidential announcement speech back in 2015.Which is still true! But, according to the newly-released rankings from Forbes magazine, Trump is no longer one of the 400 richest people in America. It's the first time in more than two decades that Trump has not made the Forbes 400.Trump, with a net worth of $2.5 billion, missed making the list by roughly $400 million. His net worth is the same as last year, according to Forbes, but a significant comedown from where he was at the start of his presidency. In 2016, Trump was worth $3.7 billion, according to Forbes. That dropped to $3.1 billion in 2017 and held there for 2018 and 2019.Whose to blame for Trump falling off the list? Forbes says Trump should look in the mirror. Wrote the magazine's Dan Alexander:"If Trump is looking for someone to blame, he can start with himself. Five years ago, he had a golden opportunity to diversify his fortune. Fresh off the...
    (CNN)Donald Trump takes tremendous pride in being rich. Just ask him."I'm really rich," he said in his presidential announcement speech back in 2015. Which is still true! But, according to the newly-released rankings from Forbes magazine, Trump is no longer one of the 400 richest people in America. It's the first time in more than two decades that Trump has not made the Forbes 400.Trump, with a net worth of $2.5 billion, missed making the list by roughly $400 million. His net worth is the same as last year, according to Forbes, but a significant comedown from where he was at the start of his presidency. In 2016, Trump was worth $3.7 billion, according to Forbes. That dropped to $3.1 billion in 2017 and held there for 2018 and 2019.Whose to blame for Trump falling off the list? Forbes says Trump should look in the mirror. Wrote the magazine's Dan Alexander:Read More"If Trump is looking for someone to blame, he can start with himself. Five years ago, he had a golden opportunity to diversify his fortune. Fresh off the 2016...
    A former government computer intelligence consultant is mocking officials after financial documents, deemed the Pandora Papers, allegedly tying world leaders to secret offshore stores of wealth were released Sunday. The dump of more than 11.9 million records has called out more than 330 politicians as well as 35 current and former world leaders, including King Abdullah of Jordan, Czech Prime Minister Andrej Babis and associates of Russian President Vladimir Putin. However, America's wealthiest citizens — including Amazon founder Jeff Bezos, Tesla founder Elon Musk, Microsoft billionaire Bill Gates and billionaire Warren Buffett — do not appear in the papers, which Washington Post analysts say is due to the fact that they pay such low tax rates.  Edward Snowden, who is known widely known for leaking highly classified NSA information in while working as a subcontractor for the CIA, took to social media to mock the firms responsible for hiding the funds. 'The humorous side of this very serious story is that even after two apocalyptic offshore finance/law firm leaks, those industries are still compiling vast databases of ruin, and still secure them with...
    Excerpts from recent editorials in the United States and abroad: Sept. 15 The Boston Herald on Rep. Alexandria Ocasio-Cortez’s “Tax the Rich” dress: Rep. Alexandria Ocasio-Cortez (D-NY) is a woman of the people. So much so that she walked past a Black Lives Matter protest outside the Metropolitan Museum of Art in New York and joined the starry Met Gala inside as a guest earlier this week. As the New York Post reported, AOC said she and New York-based designer Aurora James, whose dress she was wearing, were there to “kick open the doors at the Met.” No need. AOC got her $30,000+ ticket comped. The Met Gala is the annual fundraiser to benefit the Metropolitan Museum of Art’s Costume Institute. It’s known for celebrities, over-the-top-fashion, and lots and lots of money. In 2019, over $13 million reportedly was raised. The talk of the evening, of course, was AOC’s white off-the-shoulder gown by James, emblazoned with the words “Tax the Rich” in red. That’s the Squad star’s motto. James, who launched the luxury label Brother Vellies, is known for producing...
    Rep. Alexandria Ocasio-Cortez (D-NY) turned around for the camera Monday night at the $35,000-per-ticket Met gala, showing off the slogan “tax the rich” emblazoned on her back and behind as she flashed her gown with other celebrities. The Internet erupted in outrage at the obvious hypocrisy — or was it brilliant satire? — of AOC’s fashion statement. But relatively few noted what was an unusual moment of sexual liberation in the #metoo era: an attractive woman invited America to discuss her behind. Rep. @AOC on the #MetGala red carpet in a dress that reads Tax the Rich. pic.twitter.com/nq87zCdm8z — The Recount (@therecount) September 13, 2021 That might not be what AOC intended — or what she would say she intended. She talked about the dress as an effort to break through as a “working class woman of color at the Met.” No doubt, she would resist the a discussion of her pure sexual attractiveness as an attempt to “objectify” her, an oppressive expression of cisgender heteronormative patriarchy. Yet the fact is that AOC put herself on display, turning around in...
    Mother Jones illustration; Getty Fight disinformation. Get a daily recap of the facts that matter. Sign up for the free Mother Jones newsletter.For many working Americans, a Roth IRA is a useful, if not particularly interesting, way to save money for retirement. For tech billionaire Peter Thiel, it was a way to accumulate more than $5 billion. The nonprofit journalism shop ProPublica ran an exposé in June revealing how a small number of extremely wealthy folks had ended up with Roths—federally subsidized retirement accounts meant for middle-class savers—worth tens to hundreds of millions of dollars and up. Thiel did so, the article noted, by “stuffing” his Roth IRA with wildly undervalued “founders shares” of pre-IPO startups—potentially an illegal tactic—and then watching as their values rose exponentially, and completely tax-free. The story prompted congressional leaders to request data from the nonpartisan Joint Committee on Taxation, which reported that, as of 2019, more than 28,000 Americans held combined (Roth and traditional) IRA balances of $5 million or more, and 497 taxpayers had balances of at least $25 million. The latter group had socked away...
    President Joe Biden is taking fierce media criticism for a bungled U.S. troop withdrawal from Afghanistan after major press endorsements of his candidacy in 2020 gushed over his foreign policy expertise and competent governing. Biden has been blasted by even liberal media outlets for the scenes of chaos unfolding in the war-torn nation, as the Taliban seized power in Kabul and the Afghan government quickly collapsed amid the U.S. troop departure. The president has been accused of being caught flat-footed, looking incompetent, betraying allies, and emboldening American adversaries. Yet part of Biden's appeal to the press in 2020 was his supposed foreign policy chops after decades in the U.S. Senate and eight years as vice president, although Obama Secretary of Defense Robert Gates once remarked Biden had "been wrong on nearly every major foreign policy and national security issue over the past four decades." JEN PSAKI ‘OUT OF THE OFFICE’ AS BIDEN REMAINS SILENT ON TALIBAN TAKEOVER OF AFGHANISTAN The New York Times wrote in its endorsement editorial that Biden would "stock his administration with competent, qualified, principled individuals" and...
    WASHINGTON (CBSDFW.COM/AP) — Richard Trumka, the powerful president of the AFL-CIO who rose from the coal mines of Pennsylvania to preside over one of the largest labor organizations in the world, died Thursday. He was 72. The federation confirmed Trumka’s death in a statement. He had been AFL-CIO president since 2009, after serving as the organization’s secretary-treasurer for 14 years. From his perch, he oversaw a federation with more than 12.5 million members and ushered in a more aggressive style of leadership. “The labor movement, the AFL-CIO and the nation lost a legend today,” the AFL-CIO said. “Rich Trumka devoted his life to working people, from his early days as president of the United Mine Workers of America to his unparalleled leadership as the voice of America’s labor movement.” Further details of Trumka’s death, including the cause and where he died, were not immediately available. Senate Majority Leader Chuck Schumer announced Trumka’s death from the Senate floor, saying “The working people of America have lost a fierce warrior at a time when we needed him most.” President Joe Biden called...
    Washington (CNN)AFL-CIO President Richard Trumka, the head of the most powerful labor organization in the country and a close ally of the Biden White House, has died. He was 72.His death was confirmed by President Joe Biden and Senate Majority Leader Chuck Schumer on Thursday. The cause of death was not immediately announced."I rise today with some sad, some horrible, news about the passing of a great friend, Rich Trumka, who left us this morning," Schumer said on the floor of the Senate, his voice breaking as he patted the lectern to compose himself. "The working people of America have lost a fierce warrior at a time when we needed him most.""Rich Trumka was the working people of America," he said, adding, "I wanted to inform my colleagues that we have just lost a giant, and we need him so."Biden also addressed Trumka's passing at the White House on Thursday.Read MoreTrumka had led the AFL-CIO as president since 2009.This story is breaking and will be updated.
    EXCLUSIVE: A conservative legal group set up by former Trump adviser Stephen Miller is already scoring some early legal victories against the Biden administration just weeks after getting started, and he believes the group has a "target-rich environment" as it looks to push back on issues from immigration to Critical Race Theory."Our organization is only a matter of weeks old, we are in every sense of the word a brand new organization, and yet in that very short time we've already been involved in spearheading some of the most important litigation in the entire country about the most important issues that will determine the future of this republic," Miller told Fox News in an interview this week. TEXAS ASKS JUDGE TO HALT ‘CATCH AND RELEASE’ BORDER POLICY America First Legal is one of a number of conservative legal groups but has specifically sought to work with attorneys general and focus on issues closely related to the "America First" agenda, of which Miller is a top proponent. Gene Hamilton, a former senior Justice Department (DOJ) lawyer who is part of AFL,...
                      by Nathan Mayo  The top quarter of American income earners can expect to live a decade longer than the bottom quarter, medical research shows. This health disparity seems downright cruel. Not only do those in poverty have to pay more for things like credit and insurance, they also pay more years to the Grim Reaper. Unlike income inequality, transferring years of life from the rich to the poor is not a feasible option. To find a real solution, we must know what drives the inequity. Could disparate medical attention be the cause? The upper crust has access to (and inspires the creation of) cutting-edge medical treatment that the poor cannot afford. Healthcare is expensive, so it stands to reason that the rich would end up with more of it in our current system. Though this is an intuitive theory, it collapses when we learn that there is also a comparable difference in life expectancy between the rich and poor even in countries where access to care is identical. In the German city...
    In 2018 — after his then-planetary-record net worth had hit $131 billion, yet right before the pandemic that would make his Amazon the alpha and omega of online shopping for so many American families — Jeff Bezos admitted he had so much money the only thing he could think to do with it was to blast himself into space. He told a reporter that year: “The only way that I can see to deploy this much financial resource is by converting my Amazon winnings into space travel. … That is basically it.” Really, Jeff? I’m thinking that some of America’s schoolkids — you know, the ones in classrooms where students don’t have the right textbooks but they do have asbestos or lead in the fountain water — might have a few ideas on deployment. Then there’s the case of Tesla and SpaceX mogul Elon Musk, whose stocks exploded despite a global pandemic and its overlapping recession to make him currently the world’s richest man, even with the fact that — according to an unconvincing Insider profile — “he doesn’t care...
    I’m not going to pretend that I know how to interpret the jobs and inflation data of the past few months. My view is that this is still an economy warped by the pandemic and that the dynamics are so strange and so unstable that it will be some time before we know its true state. But the reaction to the early numbers and anecdotes has revealed something deeper and more constant in our politics. The American economy runs on poverty, or at least the constant threat of it. Americans like their goods cheap and their services plentiful, and the two of them together require a sprawling labor force willing to work tough jobs at crummy wages. On the right, the barest glimmer of worker power is treated as a policy emergency, and the whip of poverty, not the lure of higher wages, is the appropriate response. But it’s not just the right. I was sent “A Guaranteed Income for the 21st Century,” a plan that seeks to make poverty a thing of the past. The proposal, developed by Naomi...
    (CNN)The US tax system is rigged, and it is breaking the country in more ways than one. Much of the Republican Party lives and breathes to protect the rich and powerful from paying taxes, and Democrats like Sen. Joe Manchin of West Virginia too often side with them. Meanwhile, public opinion -- strongly supporting higher taxes on wealthy Americans and corporations -- counts for little because the rich have undue influence over the political class. Jeffrey Sachs But the severity of the problem cannot be overstated. Between 2014 and 2018, Jeff Bezos, founder of Amazon, saw his wealth grow $99 billion (to the level of $191 billion today) while paying a pittance in income taxes, according to an investigation published by ProPublica, which revealed several of America's best-known billionaires paid similarly little in taxes. (Bezos' personal and corporate representatives declined to receive detailed questions on the ProPublica story.)Not only is our tax system not collecting taxes from America's richest individuals -- it's designed not to do so. Suppose that in a given year Bezos' shares rise by $20 billion...
    Twitter is drawing backlash over its apparent inconsistencies as it allows an article detailing the secret tax records of billionaires to spread freely after censoring articles about Hunter Biden's laptop. ProPublica refused to disclose how it obtained the tax data published on Tuesday, saying only said it was given the IRS data in 'raw form' by a party it did not identify.    In October, Twitter blocked users from sharing a New York Post article revealing damaging information from Hunter's laptop, which had been abandoned in a repair store.  The social media site said at the time that the article violated its policy against publishing private information, as well as its prohibition on sharing hacked materials. Critics lashed out at the apparent hypocrisy, with some even speculating that ProPublica chose not to delve into the finances of Twitter CEO Jack Dorsey and Facebook CEO Mark Zuckerberg to avoid bans from the social media giants.  Twitter is drawing backlash as it allows an article detailing the secret tax records of billionaires to spread freely after censoring negative articles about Hunter...
    An activist calls for an increase of federal taxes on the wealthy and big corporations.Bob Levey | Getty Images Entertainment | Getty Images If the Biden administration gets its way, wealthy households are going to face higher tax rates. Many millionaires appear to be OK with that. More than half — 60% — of individuals worth $1 million or more support a wealth tax on people worth $10 million or more, according to CNBC's latest survey of millionaires. And almost half (48%) support increasing the capital gains tax.VIDEO2:1902:19CNBC survey: 19% of millionaires plan to sell stocks ahead of capital gains tax hikeSquawk BoxThe survey, conducted online in April and May by Spectrum Group on behalf of CNBC, had 750 respondents with investable assets of at least $1 million. While President Joe Biden has not proposed a wealth tax, per se, his requested 2022 budget includes some tax hikes on well-heeled individuals that are intended to help fund the American Families Plan. That proposed legislation would expand the social safety net by subsidizing child care for middle-class families, providing federal paid...
    Investor Carl Icahn has hit back as it emerged that he and other billionaire Americans like Elon Musk and Jeff Bezos paid zero federal income tax some years, asking: 'Do you think a rich person should pay taxes no matter what?'      Icahn, who is ranked the 40th wealthiest American with an estimated fortune of $14.9 billion, did not pay any federal income tax in 2016 and 2017. The 85-year-old's tax records were included in the trove of confidential IRS records for the country's wealthiest that was made public on Tuesday after an anonymous source leaked the data to ProPublica.   Law enforcement and the IRS are now investigating the leak.  ProPublica have said they do not know who provided the data and the outlet acknowledged the possibility it could have come from 'a state actor hostile to American interests'. When asked about his tax returns, Icahn told ProPublica that he had paid the taxes he owed. He said he registered tax losses in 2016 and 2017 because he took hundreds of millions in deductions for interest on his various loans.  'I...
    President Joe Biden and Mayor of New Orleans LaToya Cantrell tour the Carrollton water treatment plant, May 6, 2021, in New Orleans, Louisiana. With House Republicans busy purging people and fighting the Jan. 6 truth commission, it's up to Senate Republicans to try to demonstrate there's some rationale for their GOP colleagues to be participating in this thing called government. It's been ages since they've been called upon to proactively contribute to a policy-making process, in this case infrastructure, and thus far they're not making much headway. They're "getting there," says Sen. Shelley Moore Capito of West Virginia, of the process they've been working at for nearly a month. Back in mid-April they revealed just how incompetent they've become at governing, offering up a $568 billion counter to President Joe Biden's $2 trillion proposal. It was a back-of-the-napkin scribble that offered a vague funding mechanism of taxes on electric car drivers and taking COVID-19 relief money away from states. It's a reflection of just how inadequate that proposal was that senior Republicans are now inching up their spending limit. Minority Leader...
    FORT BRAGG, N.C. -- For Fort Bragg's Sergeant Merieni Tupuimatagi, service runs through her veins. The 29-year-old paratrooper has several family members who have honorably served. She joined the U.S. Army seven years ago, seeing it as an opportunity."Being a Pacific Islander in the military, it's an honor to be in this uniform as a minority and a woman. I represent the Army and people back home," said Tupuimatagi.Born in American Samoa, Tupuimatagi's family relocated to Western Samoa."We are from Southeast Asia. That's where our people are from," she said. "When I was in second grade I moved to Samoa due to the fact that my dad is the chief. He had responsibilities to his family and village."VIDEO: Watch the trailer for 'Our America: Asian Voices' EMBED More News Videos Our America: Asian Voices tell the stories of Asian and Pacific Islander groups in America, exploring how they built communities and what it means to be Asian and Pacific Islander in America. While Pacific Islanders make up one percent of the military, American Samoa has the highest rate of military...
    Senator Bernie Sanders (I-VT) said Sunday on NBC’s “Meet the Press” that “progressive taxation” was needed to fund President Joe Biden’s infrastructure package. Sanders said, “I think what you saw is millions of people standing up, grassroots activists standing up saying, you know what? At a time of massive income wealth inequality, and this is a radical idea, just maybe government should represent the needs of the struggling working class and middle class and not just the 1% in wealthy campaign contributors. All over this country, people said, look, there are massive problems exacerbated by the pandemic, and I think President Biden looked around and said, you know what, we’ve got to address those problems, not worry about the rich and the powerful. So we are beginning to make some progress in dealing with issues that have been neglected for decades.” He added, “I think, number one, most importantly, we have to deal with the crises facing this country. We have massive and wealth inequality. Half our people live on paycheck-to-paycheck. You have to raise the minimum wage to a...
    The XFL is in talks with the Canadian Football League. The XFL, which has been purchased by Dwayne Johnson, announced Wednesday that the league is looking to “collaborate” with the CFL. (RELATED: David Hookstead Is The True King In The North When It Comes To College Football) An update from ownership. #XFL — XFL (@XFL2022) March 10, 2021 XFL president and CEO Jeffrey Pollack stated the following in a release: We are honored and excited to be in discussions with the CFL. It’s clear through our early conversations that we share a passion for football, an expansive sense of possibility, and a deep desire to create more opportunity for players and fans across North America and around the world. Blending the CFL’s rich heritage with our fresh thinking, and the unique reach and experience of our ownership, could be transformative for the game. We look forward to learning more about what’s possible together with the CFL and where our shared passion takes us. This is a genius idea from XFL and CFL. The CFL has a rich football history, millions of fans, teams that have existed...
    The pandemic widened the gap between America's rich and poor, with 40 percent of upper-income households saying they are now in a better financial position than before, while 32 percent of lower-earning families say they are now worse off.   Pew Research Center released a report on Friday that examined the financial hardships felt across the country over the last year.  Among upper income households - those which earn more than $116,800 - 39 percent said they were better off.  They listed not being able to travel, and not being able to spend money leisurely as the reasons. Only 11 percent of them said they were worse off than before.  Lower income households - anyone earning below $38,900 - had more difficulty; 22 percent were said they were better off and 31 percent said they were worse off.  Pew Research Center released a report on Friday that examined the financial hardships felt across the country over the last year. Among those who said they were now in worse financial position, 44 percent said it would take them three years...
    China’s state-run Global Times bragged Sunday that Chinese companies are making a fortune selling syringes and needles to the United States during the coronavirus pandemic, a tidal wave of imports that makes a mockery of “the U.S. government’s attempt to get rid of the Chinese supply chain.” The Global Times quoted U.S. officials admitting in congressional testimony that 80 percent of the needles and syringes used in the United States, and about 90 percent of the supplies purchased worldwide, originate from China. Chinese officials said China’s factories produce hundreds of thousands of syringes a day. According to Chinese government and business sources, low costs of production and labor, combined with supply chains that have not been decimated by the coronavirus as thoroughly as those in most other countries, make the Chinese syringe industry unbeatable. “Orders have been piling up for several months, and we are expanding our production to meet the rising demand. With the new production lines to be completed in early May, our monthly capacity will be quadrupled to 40 million units,” an anonymous corporate executive told the...
    New York (CNN Business)Democratic Senator Elizabeth Warren faces an uphill battle persuading Washington to back her tax on ultra-millionaires — starting with convincing her own party's Treasury secretary.Janet Yellen, whom Warren praised last year as an "outstanding choice" to lead the Treasury Department, fears a wealth tax would be too messy to implement."Then Janet and I need to have a conversation about implementation," Warren told CNN Business on Monday after introducing her Ultra-Millionaire Tax Act. Elizabeth Warren proposes wealth tax on ultra-millionairesThe bill would seek to raise $3 trillion to rebuild the economy and fight inequality by imposing a 2% annual tax on the net worth of households and trusts between $50 million and $1 billion. Billionaires would face a 3% tax. "We designed this wealth tax by building on the experiences of other countries that put together a wealth tax and weren't always successful," Warren said in the interview. "We saw where the mistakes were and made sure we tightened it up."Read More$100 billion for the IRS to fight tax cheatsCritics argue that taxing wealth would be challenging,...
    EFE videos “Populista”, a portrait of the Latin American left of the XXI century Bogotá, Jan 18 (EFE) .- Hugo Chávez, Lula da Silva, Evo Morales, Daniel Ortega, Rafael Correa and Fidel Castro are leaders in the history of Latin America who have much in common and who have marked – and still mark – life of thousands of people on the continent. They starred in what was called the Red Tide -in the Anglo-Saxon world, Pink Tide (Pink Tide) -, a historical moment at the beginning of the 21st century where the left ruled without complexes part of Latin America and imposed a new path to the future, moving away from the long shadow of America. For Will Grant, a renowned BBC correspondent in Latin America since 2007, those years, from the rise to power of Chávez in 1999 to the death of Castro in 2016, emerged a way of doing politics with a strong populist component whose legacy has inspired to leaders as distant and different as Bolsonaro or Trump. This is how he exposes it in a...
    MSNBC’s Ali Velshi kicked off The Last Word Wednesday night feigning shock at President Donald Trump pardoning “criminal lackeys” in the final weeks of his presidency. “Rich white crooks of America, your time has come!” Velshi said. “If you’re rich, if you’re white, if you’re a man, if you’ve been convicted of a crime, and of course if you’re loyal to Donald Trump, you get a pardon!” He reviewed Trump’s “appalling pre-CHristmas pardon spree” of Paul Manafort, Roger Stone, and Jared Kushner’s father Charles. The former two, Velshi said, kept their mouths shut because pardons were dangled in front of them. And as for Kushner’s father, Velshi recalled how Chris Christie — who negotiated Charles Kushner’s plea deal when he was a U.S. attorney — expressed his disgust with the crimes he engaged in. Velshi again invited viewers to “feign shock” at the president giving pardons to “undeserving men.” You can watch above, via MSNBC. Have a tip we should know? [email protected]
    Stay safe, MarketWatchers, and don’t miss these top stories:Personal Finance Bad news for parents: Remote learning is here to stay for many K-12 schools ‘Even when kids are home because of snow, they’ll still be learning,’ New York Mayor Bill de Blasio said this week.Will COVID-19 push more employees to work remotely after the pandemic? This economist says yes A new Vanguard study quantifies the future of remote work, and looks at the number of potential hybrid jobs. Millions of Americans are in ‘survival mode’ — beware, decisions made in this frame of mind can make or break you ‘Unfortunately, our ability to see the big picture is severely limited when we’re in fight-or-flight mode.’‘Light at the end of the tunnel’: America’s nurses share their hope and relief as first colleague gets COVID-19 vaccine More than 270,000 health-care workers contracted COVID-19 and 915 have died as of mid-December, according to the CDC.Financially fragile Americans during COVID-19 have difficulty answering these 15 money questions — can you? A new survey asked who could cover unexpected expenses during the pandemic’s early days.‘No...
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