New figures from the Institute for Policy Studies show that, despite a pandemic that has stunted the economy for months, America’s billionaire class is becoming richer than ever, adding nearly $700 billion to their fortune since the nationwide lockdown in March.
Black Americans are dying at almost three times the rate whites are, with Latinos and Native Americans also dying at elevated levels to the rest of the population.
The United States continues to lift emergency COVID-19 restrictions, even as infection rates continue to climb in many states. June 18 and 19 saw over 33,000 new cases each, among the highest daily totals since the pandemic began.
In this segment of Mintcast, journalist and author Alan MacLeod discusses how COVID-19 became a boon for the ultra-wealthy and allowed America’s billionaires to accrue more wealth in just three weeks of lockdown than they made in total prior to 1980.
Welcome to MintCast, the official MintPress News podcast hosted by Mnar Muhawesh. MintCast is
A mountain of studies on wealth inequality have shown its corrosive effect on social cohesion, with the more unequal a society gets, the less likely people are to see themselves as participants in a community and view others as a threat.
The extrajudicial killing of African-American man George Floyd by Police Officer Derek Chauvin sparked a storm of protests both in Minneapolis and across the country. These have included large peaceful demonstrations, but also arson, destruction of property and looting. Police have abandoned multiple precincts in the face of overwhelming popular
Increasingly, journalists at establishment publications come from and represent the one percent that they claim to be holding to account.
Many of the world’s super wealthy are trying to wait out the COVID-19 pandemic on their luxury yachts. But how to get to them without interacting with the public and catching the virus themselves? Such are the difficult quandaries only billionaires have to deal with. Fortunately, financial news outlet Bloomberg has solved the big question of the
A new study found that in the past eight weeks alone, the country’s super wealthy have added a further $368.8 billion to their already enormous fortunes.
America’s billionaires have seen their wealth increase by 12.5 percent during the COVID-19 lockdown period. The Institute for Policy Studies (IPS), a Washington, D.C.-based think tank, released a study Thursday showing that, in the eight weeks between March 18 and May 14, the
A number of the planet’s richest people, including billionaire co-founder of Paypal Peter Thiel, are escaping to New Zealand to shelter in luxury bunkers amid the COVID-19 pandemic.
Instead of paying $24,000 for a haircut or spending $120,000 on a banana duct taped to a wall, the world’s
