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    New York City's richest residents were nearly five times more likely to flee the five boroughs during the height of the coronavirus pandemic than less affluent inhabitants, new data from the city comptroller's office reveals. The findings, which come from an analysis made public Monday by New York Comptroller Scott Stringer, show that the bulk of the Big Apple's exits came between March 2020 and June 2021 - when COVID restrictions were lifted by the state - with the vast majority of movers hailing from the city's wealthiest neighborhoods. According to the report, which reviewed New Yorkers' change-of-address information offered by the United States Postal Service, the vast majority of those movers came from areas where the median income exceeds $110,000 annually. The data revealed that residents of well-to-do neighborhoods like Brooklyn's Park Slope and Carroll Gardens, as well as Battery Park City, Greenwich Village, Murray Hill, Midtown, Chelsea, and the Upper East and Upper West sides in Manhattan, were 4.6 times more likely to leave than other residents during 2020, recording 109 net move-outs out of every 1,000 residents.  Stringer's office...
    Heads of state from the world's wealthiest nations gathered for the first time in person since the start of the COVID-19 pandemic at the recent G20 summit meeting in Rome, Italy. The two-day meeting culminated in a grand dinner at the Quirinale Palace, where the evening's menu featured salmon with dill, pumpkin risotto, sea bass fillets, tomato and celeriac puff pastry, and for dessert, a "delicate" steamed mandarin cream. Guests sat around a large formal dining table in a high-ceilinged palatial room with an impressive crystal chandelier and window dressings of tasseled red drapes. The dinner was the modern-day equivalent of "let them eat cake," the phrase (inaccurately) attributed to the epitome of frivolous luxury by the ruling class (and the last queen of France before the French Revolution), Marie Antoinette. The leaders of the G20 nations, who had gathered under the banner of "People, Planet, Prosperity," appear to have disproportionately focused on the third rung of their agenda and limited its scope to the prosperity of elites like them. On the three critical issues of climate change, global corporate...
    VIDEO2:3102:31Retail traders are on the rise. But where's the market wealth?Squawk Box The wealthiest 10% of Americans now own 89% of all U.S. stocks, a record high that highlights the stock market's role in increasing wealth inequality. The top 1% gained over $6.5 trillion in corporate equities and mutual fund wealth during the Covid-19 pandemic, while the bottom 90% added $1.2 trillion, according to the latest data from the Federal Reserve. The share of corporate equities and mutual funds owned by the top 10% reached the record high in the second quarter, while the bottom 90% of Americans held about 11% of stocks, down from 12% before the pandemic. The stock market, which has nearly doubled since the March 2020 drop and is up nearly 40% since January 2020, was the main source of wealth creation in America during the pandemic — as well as the main driver of inequality. The total wealth of the top 1% now tops 32%, a record, according to the Fed data. Nearly 70% of their wealth gains over the past year and a half...
    One of the wealthiest school systems in the U.S. unveiled plans to reallocate COVID-19 relief money to promote “equity” programs and a “welcoming” and “culturally responsive” student learning environment, according to the district’s website. Fairfax County Public Schools (FCPS) school board voted to approve the plan on Aug. 26, which said it would use $78.8 million, originally allocated for COVID-19 relief, to support efforts such as “equity professional development for school teams.” According to an FCPS “Acceptance Agreement,” the district agreed to pay Panorama Education $1,845,660 over a five-year stretch for a screening survey, but parents can opt their children out of it. One of the wealthiest school systems in the U.S. unveiled plans to reallocate COVID-19 relief money to promote “equity” programs and a “welcoming” and “culturally responsive” student learning environment, according to the district’s website. Fairfax County Public Schools’ (FCPS) school board voted to approve the plan on Aug. 26, which said it would use $78.8 million, originally allocated for COVID-19 relief, to support efforts such as “equity professional development for school teams.” FCPS was awarded $188.6...
    "Fearless Girl" stares down the New York Stock Exchange The good news for the IRS is that most Americans pay their fair share of taxes. A new analysis of incomes and returns suggests that tax compliance for low- and middle-income workers is “high.” As The New York Times reports, the same can’t be said of the rich. Where the income received by the majority of Americans comes primarily in the form of paychecks, with taxes deducted at the time they are issued and totals reported directly to the Internal Revenue Service, that’s not true of the wealthy. Those at the top of the income pyramid are more likely to be rewarded in ways that aren’t as visible and certainly don’t have taxes carved out in advance. Add to that the number of loopholes and dodges available to those wealthy enough to employ experienced tax attorneys and accountants, and compliance among the wealthy is not high. It’s that other thing. The one that has created a “tax gap” with $7 trillion left on the table over the last ten years alone.  That means that...
    SHE may not have actually released an album since 2016, but Rihanna is now officially a billionaire. The 33-year-old singer, who is worth a massive £1.2billion, is now the wealthiest woman in music and the second richest woman in entertainment, behind only Oprah Winfrey. 11Rihanna is now a billionaire - and the richest woman in pop musicCredit: Getty 11The modest Barbados house that Rihanna grew up inCredit: Alamy It’s a far cry from the girl who grew up in a modest home in Barbados, and used music as a way of escaping her violent dad’s battle with drug and alcohol addictions. But, despite her initial success as a pop star, her massive wealth isn’t due to her music. Since launching her Fenty beauty brand in 2017, Rihanna has been working hard on making it into the £1bn empire it’s become. In fact, she’s said it’s part of “the reason why an album isn’t being spat out like it used to.” So just how has Rihanna become so rich? We take a closer look inside her earnings. Alcoholic dad 11Rihanna's dad...
    Rihanna is reportedly a billionaire. According to a Wednesday report from Forbes, the superstar singer is now worth a staggering $1.7 billion, and that makes her the wealthiest female musician on the planet. (RELATED: David Hookstead Is The True King In The North When It Comes To College Football) Rihanna is now officially a billionaire https://t.co/EUrJML3zfG #SelfMadeWomen pic.twitter.com/sBprKDDeMZ — Forbes (@Forbes) August 4, 2021 Forbes wrote the following on how she’s amassed so much wealth: The bulk of her fortune (an estimated $1.4 billion) comes from the value of Fenty Beauty, of which Forbes can now confirm she owns 50%. Much of the rest lies in her stake in her lingerie company, Savage x Fenty, worth an estimated $270 million, and her earnings from her career as a chart-topping musician and actress. Major props to Rihanna on getting her money. You will never see me knock anyone getting paid. It’s what America is all about, and the “Work” singer is in some extremely rarified air as a billionaire. She’s among the best and she deserves every single penny. Not only is Rihanna...
    Rihanna is now officially a billionaire and the richest female musician in the world, thanks to the huge success of her Fenty Beauty line. The Umbrella hitmaker, 33, is now worth an estimated $1.7billion (£1.2billion), Forbes reports, making her the second wealthiest female entertainer on the planet, behind Oprah Winfrey with $2.7billion (£1.9billion). It is claimed the bulk of the popstar's fortune ($1.4billion/£1billion) comes not from music, but from her 50 percent stake in her acclaimed cosmetics line Fenty Beauty - a joint venture with French luxury goods conglomerate LVMH - and worth $2.8billion (£2billion) in total. Wow: Rihanna is now officially a billionaire and the richest female musician in the world, thanks to the huge success of her Fenty Beauty line (above promoting Savage X Fenty lingerie) Her $270million (£190million) stake in the wildly successful Savage X Fenty lingerie line and her wealth from her 16 year recording career all make up the mogul's mass wealth.    Mogul Rihanna founded acclaimed beauty brand Fenty Beauty back in 2017 with a desire to 'make women everywhere (feel) included'. RELATED ARTICLES Previous...
    The wife of a jogger who was shot in the wealthy Atlanta neighborhood of Buckhead has claimed residents are fleeing the area 'because they feel unsafe' amid growing calls for the community to secede from the city and get its own police force. Andrew Worrell was walking in the wealthy neighborhood around 8:35 a.m. on Saturday when he was shot twice, though he survived and has since been released from the hospital. His wife Anne Worrell appeared on Fox News on Thursday where she claimed that Buckhead residents are fleeing the area because of a surge in crime amid calls in Atlanta to defund the police. 'Over the last 12 to 18 months it has just gotten worse and worse, and as you talk to other people that we know in the area, we just felt it creeping closer and closer into our neighborhood. So it has been felt by everybody here,' Anne Worrell said. The wife of a jogger who was shot in the wealthy Atlanta neighborhood of Buckhead has claimed residents are fleeing the area 'because they feel unsafe'...
    This article was originally published by ProPublica. In 2007, Jeff Bezos, then a multibillionaire and now the world’s richest man, did not pay a penny in federal income taxes. He achieved the feat again in 2011. In 2018, Tesla founder Elon Musk, the second-richest person in the world, also paid no federal income taxes. Michael Bloomberg managed to do the same in recent years. Billionaire investor Carl Icahn did it twice. George Soros paid no federal income tax three years in a row. ProPublica has obtained a vast trove of Internal Revenue Service data on the tax returns of thousands of the nation’s wealthiest people, covering more than 15 years. The data provides an unprecedented look inside the financial lives of America’s titans, including Warren Buffett, Bill Gates, Rupert Murdoch and Mark Zuckerberg. It shows not just their income and taxes, but also their investments, stock trades, gambling winnings and even the results of audits. Article continues after advertisement Taken together, it demolishes the cornerstone myth of the American tax system: that everyone pays their fair share and the richest...
    LOOKING for a parking space in the crowded streets of Hong Kong can be nothing short of a nightmare - but if you've got £1million to spare, you're in. This is Mount Nicholson, where the city's richest live in ultra-luxury homes on the city's affluent residential estate, known as The Peak. 9A parking space in the Mount Nicholson development has sold for almost £1millionCredit: LWK & Partners 9Homes in the lavish development sell for an average of £70millionCredit: Getty 9The Hong Kong development was completed in 2017Credit: Getty 9It has some of Asia's most valuable living spacesCredit: LWK & Partners Perched on a hill, Mount Nicholson boasts some of the Asia's most extravagant living spaces - which come with a hefty price tag. Homes in the area sell for around £70million - but it's not just the housing that attracts a huge premium. Parking spaces are highly sought after, so much so that one has just been sold for an eyewatering £930,000, South China Morning Post reports. It was one of 29 sold through a closed tender to homeowners...
    Loading the player... Byron Allen’s $10 billion lawsuit against McDonald’s is one of accountability and the desire to create economic inclusion for the Black community. The media mogul — whose Entertainment Studios is the parent company of theGrio — put the fast-food giant on notice recently by filing suit for alleged racial discrimination. The CEO exclusively spoke with theGrio’s White House correspondent and D.C. Bureau Chief April Ryan about the necessity of pursuing his claims. Black America accepting less than by corporations, Allen said, is a civil rights issue that can no longer be deferred. (Credit: Getty Images) Read More: Byron Allen sues McDonald’s for $10 billion alleging racial discrimination “Coretta Scott King, Martin Luther King‘s widow, expressed that we as Black people will have four major challenges in this country. Number one, end slavery. Number two, end Jim Crow. Number three, achieve civil rights, and number four, the real reason they killed my Martin — achieve economic inclusion,” Allen tells theGrio. Allen referenced the Civil Rights Act of 1866 enacted for newly freed slaves to emphasize his...
    Queen Elizabeth II smiles as she arrives in Scotland in 2015. Chris Jackson/Getty Images Queen Elizabeth is the world's longest-reigning queen and longest-reigning living monarch. The Queen also holds the record for most currencies featuring the same individual. Her estimated wealth of $504 million in 2012 established her as the world's wealthiest queen. Visit Insider's homepage for more stories.
    Monica Gill - who teaches AP Government in Loudoun County, Virginia - told Fox News this week that the school district's push for 'inclusion' has ironically fueled further division in her upper-crust community A public school teacher in America's wealthiest county is speaking out against critical race theory, claiming it is having a 'harmful' effect on her students.  Monica Gill - who teaches AP Government in Loudoun County, Virginia - told Fox News this week that the school district's push for 'inclusion' has ironically fueled further division in her upper-crust community.  Critical Race Theory (CRT) asserts that 'institutions are inherently racist and that race itself... is a socially constructed concept that is used by white people to further their economic and political interests at the expense of people of color', according to Texas A&M University professor Tommy Curry.    Numerous public and private schools across the US have recently opted to incorporate CRT into their teachings, but the decision has sparked fierce debate. While Loudoun County Public Schools have not officially using CRT in their classrooms, they have pledged to push...
    Wealthy neighborhoods of New York City saw 11% of their population flee the city permanently during the COVID-19 pandemic, a new study has found. Four zip codes in the Midtown and Hell's Kitchen neighborhoods of Manhattan from 40th to 59th Streets saw the greatest rate of departure, with 12,000 residents leaving as the pandemic swept through the city. The area is home to thousands of young professional who work in the financial hubs of Midtown and the Financial District.  An analysis of 29 million address changes by the commercial real estate firm CBRE the population outflow from New York was concentrated in Manhattan's Midtown and surrounding neighborhoods. On the Upper East Side, the study showed 34,600 residents permanently left the area's five zip codes in 2020 - 10 times the previous year. The company assessed people who have permanently left, rather than those who have swapped a city apartment for a second home - as an estimated 420,000 New Yorkers did at the height of the epidemic in Spring 2020. The report from commercial real estate firm CBRE found New...
    John Jacob Astor IV was one of the wealthiest people in the world. Library of Congress / Getty When John Jacob Astor IV died on the Titanic, he was one of the wealthiest people in the world.  He built landmark New York hotels like the Astoria Hotel and the St. Regis. Astor's wife, who was 30 years younger than him, was pregnant aboard the Titanic and survived. Visit Insider's homepage for more stories.
    It has been well-documented that the global elite are emerging from the coronavirus pandemic far less scathed than the working class, and now there’s one more way that can be quantified.
    The richest one per cent of the world's population produces double the carbon emission of the poorest 50 per cent combined, according to the UN. And the so-called 'polluter elite' of the wealthiest 5 per cent have contributed to 37 per cent of the growth in emissions from 1990–2015, experts have calculated. This disparity in pollution is highlighted by a recent report from the UK-based Cambridge Sustainability Commission on Scaling Behaviour Change.  The document was compiled by 31 environmental impact experts tasked with exploring ways to best scale up actions to tackle carbon emissions. Actions suggested by the panel include deterring people from frequent flying and driving SUVs — as well as convincing the wealthy to better insulate their homes. To this end, the report has urged the UK Government to reinstate air passenger duty on UK return flights and the recently-scrapped Green Homes Grant scheme. The report adds to the on-going debate about 'equality' in tackling climate change. Poorer nations with smaller emissions budgets — such have India — have long argued that they should be allowed to pollute more on...
    THE negotiations around Erling Braut Haaland resemble those before the marriage of a prince in years gone by. Monarchs depended on the knowledge of ambassadors and the bargaining power of favourite relations for securing a bride with a huge dowry, lands, a title of her own and, with luck, beauty. 4Dortmund's Erling Haaland is the most sought after striker in world footballCredit: Reuters These negotiators travelled far and wide and were often well rewarded. Should this remind readers of agent Mino Raiola and Alf-Inge Haaland, it is no coincidence — the couple have been on a tour of Europe inspecting possible match-ups for young Erling. The fee for the 20-year-old blond giant and serial goalscorer is said to be £100-£150million — a sum only affordable to the wealthier aristocracy among clubs. The two envoys have so far talked to hard-up Barcelona and Real Madrid and include the two Manchester clubs and Chelsea among their targets. Erling may have liked to join Leeds, where he was born and where his father played for three years, but I don’t think they are...
    Forbes has revealed its list of the world's wealthiest — and it's the biggest group in the annual list's 35 years. During a pandemic year that saw "rapid-fire public offerings, surging cryptocurrencies and skyrocketing stock prices," a staggering 86% of the world's wealthiest people are richer than they were a year ago, according to Forbes. The list includes 2,755 billionaires — 660 more than last year, including 493 people who are new to the list. The No. 1 spot went to Jeff Bezos, whom Forbes says has a net worth of $177 billion, making him the world's richest for the fourth year running. Following the Amazon founder is SpaceX and Tesla's Elon Musk, who has a net worth of $151 billion, Amazon CEO Jeff Bezos (left), SpaceX CEO Elon Musk (right) are the two wealthiest men in the world. AP Photos/Mark Lennihan/Ringo H.W. Chiu The third spot belongs to Bernard Arnault and his family, who have a net worth of $150 billion. Arnault oversees France-based fashion empire LVMH, which includes brands like Louis Vuitton and Sephora.  Eight of the top...
    Sen. Bernie Sanders, I-Vt., is seen outside the chamber as the Senate debates the coronavirus relief package on Friday, March 5, 2021.Tom Williams | CQ-Roll Call, Inc. | Getty Images Sen. Bernie Sanders proposed fresh tax increases on corporations and the wealthiest Americans on Thursday, part of a push both to cut inequality and fund sprawling government programs. One plan from the Vermont independent would hike the corporate tax rate to 35% and aims to deter companies from taking profits offshore to pay less. Republicans slashed the rate to 21% from 35% as part of their 2017 tax law. The other proposal from the Senate Budget Committee chairman aims to make the richest Americans pay more. It sets up a progressive estate tax, which would start with a levy of 45% on estates valued between $3.5 million and $10 million. It would rise as high as 65% for estates valued above $1 billion. "From a moral, economic, and political perspective our nation will not thrive when so few have so much and so many have so little," Sanders said in...
    New York : The investigation warns that the IRS is leaking billions of dollars in tax revenue from millionaires. Photo: Joe Raedle / . More than 20% of the income of the richest Americans is not reported to the Internal Revenue Service (IRS), according to a new investigation of calculates that tax evasion in the United States is much larger than previously thought. The study authors found that the IRS is overlooking income hidden by the wealthiest people Thanks to the use of sophisticated techniques that include the creation of private companies and tax structures abroad. According to research, only 1% of all income taxes collected from millionaires’ unpaid income would increase US Treasury revenue by $ 175 billion a year. What is the strategy used by the wealthiest to hide their income? When you file your income tax return with the IRS, the agency can easily discover if you are lying, for the wealthiest that process is a bit more difficult to verify. The techniques millionaires use to evade taxes: Capital losses Large companies...
    Boulder, Colorado shooting: 10 dead in a shooting at a grocery store -- less than a week after the spa killings in Atlanta Three crew members killed after ejector seat malfunction aboard Russian nuclear bomber © KARIM SAHIB/AFP via Getty Images Tourists party on a yacht in Dubai Creek on February 4, 2021. KARIM SAHIB/AFP via Getty Images The top 1% of US earners aren't reporting about a fifth of their income, new research shows. Under-reporting is even higher among the top 0.1%, the paper found. Offshore accounts and pass-through businesses are used to avoid taxes. See more stories on Insider's business page. The top 1% of the highest-earning American households fail to report around 21% of their income, according to new research by the Internal Revenue Service (IRS) and academic economists. Load Error This is a far larger percentage than the IRS's methods had previously assumed, according the working paper published Sunday and first reported on by the Wall Street Journal. ] Out of the 21% of unreported tax, around 6 percentage points are...
    The premise on which duty free is based is that the mere fact of crossing an international border should exempt travelers from some taxes to which non-travelers are subject. This was a questionable resource even when European airports lobbied for its activity in the 1950s. Now it is directly unsustainable. Modern tax codes commonly seek to reduce inequality, but duty-free shopping provides most of the benefits to high-income people who frequently travel abroad. Taxes could be helpful in making people more sustainable. The tax cuts in this case overwhelmingly benefit the pockets of people who fly and pollute. One goal of the high tax burden on some products is to limit the harmful use of tobacco and alcohol, but purchases at airports explicitly seek to increase these consumptions. As duty free purchases grow exponentially, what was somewhat minor has become a mechanism that allows the jet-set to avoid taxes. Supporters of duty free argue that store revenues are essential to maintaining airports, which might otherwise need more input from taxpayers. Revenues from retail sales, not all of which are tax-exempt,...
    New York City’s Madison Square Garden and Barclays Center will open their doors this week for the first time in almost a year – but only to those who can reach deep in their pockets. Both venues have opted for a private experience, disregarding Gov. Andrew Cuomo’s announcement that stadiums and arenas can now operate with 10 percent of the building's overall capacity. Instead each stadium is offering limited seating with exclusive options, including free food, nonalcoholic beverages and an optional COVID-19 test prior to arrival – but prices have sky rocketed to as high as $5,000 per ticket, first reported The New York Post. The Brooklyn-based Barclays Center has a seating capacity that holds up to 19,000 people, but the stadium is only permitting 300 to enter – less than a sixth of the 1,900 available seats allowed under the new coronavirus regulations. New group seating areas have been erected on platforms, complete with couches, tables and plexiglass barriers. Each group will be served their complimentary food by staff donning protective gear. Along with receiving the optional coronavirus test with the...
    If teams opt out of conference tournaments, impact could linger beyond 2021 and COVID-19 Little-known facts about New Balance Best & Worst Refinance Mortgage Companies of 2021 Ad Microsoft These Unsold Jeep Grand Cherokees Are Now Dirt Cheap Ad Microsoft Cash back card wipes out interest until mid-2022 Ad Microsoft Full screen 1/51 SLIDES © Public Domain / Wikimedia Commons Owning one’s own home is a central piece of the...
    More from: Steve Cuozzo Scared the rug will be pulled again, some top NYC restaurants arent rushing to reopen Towering business relief as E. 56th near Trump building reopens Manhattans trophy office buildings are begging for tenants SL Green lands multimillion-dollar Manhattan tenant despite COVID-19 NYPD wont stop subway crime if cops only parade on mezzanines Tom Brady won the Super Bowl for the Tampa Bay Buccaneers after 20 years in New England. Supermarket and real-estate mogul John Catsimatidis, a New Yorker for most of his 72 years, recently told The Post he’ll build in Miami if City Hall blocks his Coney Island expansion plans. There’s a lesson to be drawn here.  Faith in the Big Apple’s future is rooted in the belief that our most productive and talented class won’t ever abandon the city. It’s assumed that Gotham’s blood runs in the veins of our movers and shakers who’d never turn their backs on us.  That’s what the folks in Boston thought about Tom Brady.  But, after six Super Bowl wins with the Patriots, Brady felt taken for...
    Given the timing of this year’s rollout of Gov. Tim Walz’s budget plan, it’s probably best to think about it in terms of concepts rather than numbers. As with all Minnesota governors, Walz had to outline a budget before real spending and revenue projections were available, basing his proposal on a November forecast for the next two years  — numbers that were out of date almost immediately. The legislators who have to actually pass the budget by June 30 have the pleasure of using the February forecast — numbers that will very likely look a lot better thanks in large measure to the impacts of the $900 billion COVID relief package that passed Congress in December. There might be more of a surplus than the $641 million shown in November (drawn down by the $217 million relief package the Legislature adopted last month); and there might be less of a projected shortfall for the next budget cycle than the $1.27 billion predicted in November. In fact, the shortfall might disappear altogether. Lucky timing for the Legislature, less so for Walz...
    Getty/David Greedy Residents in Florida's wealthiest zip codes received the COVID-19 vaccine at a faster rate than those from low-income areas. Over 100,000 people have been vaccinated in large counties like Broward, Miami-Dade, and Palm Beach. New state data show large inconsistencies with the pace of vaccinations across counties and demographics.  Visit Insider's homepage for more stories. Delivery of the COVID-19 vaccine for residents of Florida's wealthiest zip codes is outpacing that in low-income communities. New state data show over 100,000 people have been vaccinated in large counties like Broward, Miami-Dade, and Palm Beach, but there are large inconsistencies with the pace of vaccinations across counties and demographics.  Fisher Island, which has a median income of $200,000, has vaccinated at least half of its residents, according to the Miami Herald. Less than 20 miles away in Opa-locka, where the median income is under $22,000 and the Herald reported 40% of the population lives in poverty, only 2% of residents have received the COVID-19 vaccine so far. Census data show most residents of Fisher Island are 65 and...
    Would you vote for a senator who sold a stock likely to tank after getting a senators-only briefing on a coming pandemic? How about one who told you the pandemic was no big deal while buying shares in a company that sells body bags? Both Republican incumbents in Georgia’s crucial runoffs, that will determine which party controls the U.S. Senate, were investigated this year for allegedly engaging in pandemic-related insider trading. The two are the Senate’s wealthiest member, Kelly Loeffler, appointed in 2019 and running for a full term of her own, and its seventh wealthiest member, David Perdue, a businessman sued for wage theft and discrimination while losing $150 million in two years as CEO of Dollar General.
    More than any single event in recent memory, the COVID-19 pandemic revealed the gaping chasms of inequality in American society. From the very outset it was accepted wisdom that “essential workers,” i.e., those forced to risk their lives in unsafe workplaces throughout the country, would include not only medical personnel such as doctors, nurses, and hospital orderlies; not only police, firefighters and first responders; not only operators of public transportation and critical government services such as postal workers; but also the folks who worked behind cash registers at the Lowe’s, the 7-11, and those whose jobs involved the processing, delivery, preparation and  transportation of food items and consumer goods that kept the moribund economy from congealing into a second Great Depression. The “essential” nature of these workers was loudly touted by companies from Amazon to WalMart to Domino’s pizza, who extolled the selfless bravery of their employees in warm and touching TV ads, ads that served as a new type of PR for those same companies with sordid past track records about treatment of workers. Meanwhile, the highly compensated officers and executives of these...
    World leaders should aggressively reduce the carbon footprint of the wealthiest to curb the effects of climate change, experts have said. It comes after a UN report found that the wealthiest 1 per cent pump more than twice times as much carbon into the atmosphere as the bottom 50 per cent.  It is hardly the first time that wealthy figures have been accused of driving climate change with their lavish lifestyle choices. Orlando Bloom, Katy Perry and Leonardo DiCpario were among a slew of well-heeled celebrities criticsed for attending a Google climate summit in Italy last year - arriving on private jets and yachts that left an estimated 800-tonne carbon footprint. Katy Perry (centre left) and Orlando Bloom (centre right) were among a host of celebrities criticised over a Google climate conference in Italy last year that they attended via private jet and yacht (pictured, backs to camera, are Oprah Winfrey and Bradley Cooper) Perry and Bloom had hitched a ride to the Sicilian conference on the Rising Sun, a massive private yacht owned by music and movie producer...
    The world's wealthiest countries have bought enough Covid-19 vaccines doses to immunise their populations three times over, while the poorest countries are being left behind.  According to People's Vaccine Alliance, 67 countries will only be able to vaccinate one in ten people.  Meanwhile wealthier countries have ordered a surplus as data shows 14 per cent of the world's population have bought up 53 per cent of the vaccines.  Wealthier countrieshave bought enough Covid-19 vaccines doses to immunise their populations three times over Figures reveal that all of Moderna's doses and 96 percent of Pfizer/BioNTech's have already been acquired by wealthy nations.  It comes as the UK became the first nation to start vaccinations and has already ordered 40million doses of the Pfizer/BioNTech's Covid-19 vaccine.  The US reserved 100 million doses of the Pfizer vaccine in July, while Italy, Germany, the Netherlands and France have agreed for 300 million doses of AstraZeneca's vaccine. RELATED ARTICLES Previous 1 Next Cuomo says he expects 170,000 doses of Pfizer's vaccine this... 'It was a massive day for me......
    The world's wealthiest 1% account for more than twice the carbon emissions of the poorest 50%, a new UN report has found.  The richest will need to shrink their CO2 footprints significantly to avoid dangerous levels of global warming this century, the Emissions Gap 2020 report said.       The annual study, carried out by the UN Environment Programme (Unep), highlights the gap between the levels emissions should be at to keep temperatures down and current real-life levels. It found that the world's top 10% of earners devour about 45% of all energy consumed for land transport worldwide and 75% of that used for aviation.  The world's poorest 50% of households, meanwhile, consume just 10% and 5% respectively.  In order to hit the target of restricting temperature rises this century to 1.5C, significant cuts will need to be made to the carbon footprints of the 1%, bringing them down to about 2.5 tonnes of CO2 per capita by 2030.     The world's wealthiest 1% account for more than twice the carbon emissions of the poorest 50%, a new UN report has found,...
    A Democratic congressman representing parts of New York City's wealthiest suburbs has defended defunding the police in poor communities, amid a recent crime surge in the city.  Rep-elect Jamaal Bowman, who won New York's 16th Congressional District seat, weighed in on the 'defund the police movement' in an interview with CNN's Dana Bash on Thursday.  Bash asked the congressman if he believed the campaign's rallying cry was 'bad messaging', following President Obama's recent comments criticizing the slogan.  Bowman, whose district covers parts of Westchester County, slammed critics' for focusing on the phrase rather than the cause, which he says calls for less law enforcement in poor areas plagued by a 'system of mass incarceration'  Scroll down for video  Rep-elect Jamaal Bowman, who won the 16th Congressional District seat, weighed in on 'defund the police movement' in an interview with CNN's Dana Bash on Thursday All four members of The Squad, Reps. Alexandria Ocasio-Cortez, Ilhan Omar, and Ayanna Pressley and Rashida Tlaib fired back at President Obama after he criticized the 'defund the police' movement 'Defund the police...
    HBCUs trying to bridge medical distrust in Black community amid COVID-19 Workers who lost jobs because of COVID-19 find new careers in these fields Do you know these lucrative Social Security secrets? Ad Microsoft Incredible Blanket Puts Humans In A Deep Sleep, Melting Stress Away Ad Microsoft The 23 Hottest Gadgets of 2020 Ad Microsoft Full screen 1/19 SLIDES © Patrick Semansky/AP/Shutterstock / Patrick Semansky/AP/Shutterstock Being part of a first family comes with tremendous fame, power and fortune. In the case of Donald Trump and his family, their extreme wealth was earned before he took office. Throughout history, that hasn’t always been the case. Trump is believed to be the richest president in U.S. history, and some of his children also have accumulated impressive fortunes. However, the Trumps have some serious competition from their...
    Prince William’s £50million Earthshot Prize scheme aims to solve the world's environmental problems by offering a series of high-value awards over the next decade. But missing from the TV interviews today was where the huge competition money was coming from. Those details can be found on the prize's website, below links to 17 Global Alliance Partners including the WWF and National Geographic. This list of six 'founding partners' are the ones who are going to deliver on the money for the promised awards.  And they are some of the world’s biggest philanthropists and companies – worth an estimated £119.7billion - with some are better-known than others. MailOnline took a look behind the firms who have put their names down to save the planet. The Agar Khan, who owns a number of racehorses, with his ex wife in Ascot in 2002 Aga Khan Development Network Founder: The Aga Khan Personal wealth: £800million  The Aga Khan Development Network was founded by the Aga Khan, the name given to the hereditary Imam of the Shia Ismaili Muslims, and operates mostly in...
    Governor Andrew Cuomo has admitted he will consider taxing wealthy New Yorkers if the federal government doesn't provide aid - just weeks after he begged the rich to return to help save the city from economic ruin.   Facing a huge budget shortfall, Cuomo has so far resisted calls to tax the rich - many who have fled New York City amid the COVID-19 pandemic - over fears they may never return. He has now acknowledged for the first time since COVID-19 forced the city to shutdown that raising taxes might be part of the solution. Cuomo said, however, that hiking taxes on wealthy New Yorkers would be a last resort if all other aid options fell through.  New York City is currently facing a $8 billion budget deficit, which is expected to grow in the coming years. The city's economy has been devastated by the coronavirus outbreak with tens of thousands of people thrown out of work and businesses forced to shut down.  Governor Andrew Cuomo admitted for the first time this week that he will consider taxing wealthy New Yorkers if...
    A GLANCE inside Golden State Warriors Stephen Curry's $31million three-story mansion in the Bay Area community of Atherton, California, the wealthiest zip code in the US. The details surrounding Chef Curry’s estate are slim, it’s reported that the main living room features floor to ceiling windows, a swimming pool with a poolside cabana, a built-in barbecue, a fireplace and a small guesthouse. 10The exterior of Golden State Warriors sharpshooter Stephen Curry homeCredit: Studio Green The amenities of the 32-year-old’s Atherton estate are scarce since the property was never listed on the open market making pictures and details of the home close to nonexistent. Curry’s Atherton estate ranked as the most paid for a house in 2019 in the entire Bay Area. The 1.2-arce lot is located at the end of a little-known cul-de-sac in a gated area. Privacy certainly was a factor, as the property is irregularly shaped but desirably flat and supremely private, the gated house is barely visible from the street and is covered in greenery. 10An aerial view of Curry's Atherton, California homeCredit: Studio Green 10The home...
    A Western Massachusetts town has made it onto the list of the 30 most wealthy communities in the state. Compiled by The Boston Business Journal, most of the communities on the list are from the Boston area. Deerfield is the lone community west of Worcester to rank among the most affluent places in Massachusetts. It is ranked the 14th most wealthy place in Massachusetts. The list is based on median household income; in Deerfield, it’s about $124,500. Across the state, the median household income is around $77,000. In Franklin County, where Deerfield resides, the median is even lower: $57,300. The most wealthy community in Massachusetts is Wellesly, which has a median household income of $176,850.
    She outlived four husbands, spent their enormous fortunes – and earned the nickname Lady Killmore. Robert Wainwright reveals the secrets of Enid Lindeman, one of history’s most scandalous socialites     Enid on the day of her wedding to first husband Roderick Cameron, 1913 What an entrance! In August 1948, she stepped on to the main floor of the Casino de Monte Carlo, a silver-haired seductress with turquoise eyes, the action on the tables paused. She always drew attention, often for her fearless style of play as much as for her looks. Legend had it that she had won enough at cards one night to buy the most spectacular home on the Côte d’Azur. At almost six feet tall, the woman was dressed in a silk evening gown with a three-tiered diamond necklace, her hair crowned with a diamond tiara – a gift from her third husband, Marmaduke the 1st Viscount Furness, to wear at the coronation of an English king. The men at the main table stood as she approached. Sir Sultan Muhammad Shah, the third Aga Khan and...
    COVID-19 is pushing Bay Area residents out of their homes and onto the streets — even in some of Silicon Valley’s wealthiest neighborhoods. With a median income of $116,178 and a poverty rate five and a half points lower than California’s 12.8 percent, one might not think to look in wealthier neighborhoods like Cupertino for signs of extreme poverty as a result of the pandemic. But West Valley Community Services, the sole social services provider serving low-income communities in Cupertino, West San Jose, Los Gatos, Monte Sereno, and Saratoga, said at a news conference Thursday that it has been struggling to meet a 500 percent increase in demand for food and financial support for housing since the pandemic hit. “Emotionally, COVID-19 was hard. Financially, it’s a huge burden,” said Majid Amjadi, a former San Jose restaurant worker who was laid off in February. Amjadi said he wonders how he and his wife will make it through COVID-19 with a roof over their heads. Before coronavirus hit, about 22,000 people lived in poverty in the West Valley, according to West Valley Community...
    New York City's wealthiest neighborhoods have some of the lowest response rates to the 2020 census after the coronavirus pandemic sent rich residents fleeing to the suburbs, leaving the streets of the Big Apple deserted. A report obtained by The New York Times shows the COVID-19 outbreak and the subsequent lockdown has hampered efforts to collect data from households across the city.   The low response rates appear to be more pronounced in Manhattan's richest areas, such as the Upper East Side and in Midtown, where the majority of people packed up and left for their vacation homes after stay-at-home orders were imposed in March. As of June 25, only 46 per cent of Upper East Side households have responded, compared to the 71 per cent in 2010.  As of June 25, the city has a total response rate of 53 per cent, with 38 per cent in Midtown Manhattan, and 46 per cent in SoHo, Tribeca, Civic Center and Little Italy areas New York City's bustling neighborhoods were transformed into ghost towns after the Big Apple was...
    The world’s wealthiest entrepreneurs have contributed and responded in many ways to ensure that the coronavirus’s chain of transmission is cut. The contributions come in several ways, which are vital for the respective countries within which the tycoons reside and even to the world at large. Covid-19 pandemic is a global phenomenon, and it requires every individual’s efforts to help flatten the transmission curve. For this reason, most of the wealthiest individuals from all corners of the world have seen it futile to leave the burden to the government alone, and they have stepped forward in several ways to help. Here are some of the ways in which these entrepreneurs have been essential to the process of returning the world to normalcy through their various contributions. Support to the Vulnerable Families and Societies with Relief Services Covid-19 pandemic has not only led to the firing of many employees but also contributed significantly to the loss of casual jobs such as building and construction. Millions of people are living below the poverty level in many countries today. They are unable to...
    New York (CNN Business)Asia's richest man, Mukesh Ambani, is now among the world's top 10 wealthiest people. Ambani is the chairman and chief executive of one of India's most valuable companies, Reliance Industries. His net worth recently surged to $64.5 billion, edging out Oracle's Larry Ellison and French L'Oreal heiress Francoise Bettencourt Meyers for the No. 9 spot on the list, according to the Bloomberg Billionaires Index. Ambani is the only person from Asia on the list. Under Ambani's leadership, Reliance has grown from an oil and energy company into a sprawling conglomerate that includes retail shops, a mobile and broadband carrier, digital platforms and more. This new milestone comes shortly after Ambani amassed more than $16.5 billion in investments in just around three months for Reliance's digital technology arm, Jio Platforms, and despite challenges to the oil side of Reliance's business. How Asias richest man is trying to build the next global tech giantThe fundraising blitz and a recent share sale have made Reliance Industries debt-free, the company said in June. The company said its net debt at the...
    As Europe started undoing its lockdown, an astounding mile-long line for food formed in Geneva, Switzerland, last Saturday. Comprised of over 3,000 people living in one of the world’s richest cities, the line to collect $25 worth of food at an ice hockey stadium started forming at 2 a.m. last Saturday, according to the New York Times. The majority of the people worked in hotels or as cleaners in homes and the city’s hotel industry which has been shuttered since the pandemic started. Most of them are undocumented immigrants and thus were unable to collect government benefits. “If you wanted to pictogram Geneva, what would you put?” said Laura Cotton, a Swiss-British hospital decorator who volunteers at the stadium, to the Times. “Money, money, money. And, OK — cheese and chocolate. But COVID-19 has showed the flip-side.”
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