News

Some of the links below are behind a paywall. We have chosen to share all related story links, and let our readers make their own choices.

The big idea: should we worry about trillionaires?
News Shannon Lo News Shannon Lo

The big idea: should we worry about trillionaires?

Source: The Guardian | By Duncan Weldon

At the beginning of each year, the world’s corporate and political elite gather in the Swiss ski resort of Davos to pat each other on the back, attend seminars on “the fourth Industrial Revolution” – whatever that might be – and generally mull over the state of the world.

Read More
The Case for Capping Wealth at $10 Million
News Shannon Lo News Shannon Lo

The Case for Capping Wealth at $10 Million

Source: The Nation. | By Ingrid Robeyns

The annual meeting of the World Economic Forum (WEF) in Davos, Switzerland, began on January 15. As has become a yearly ritual, the global business and political elite have gathered to discuss how public-private partnerships can tackle what the WEF sees as the world’s most urgent problems.

Read More
Wealth Surged in the Pandemic, but Debt Endures for Poorer Black and Hispanic Families
News Shannon Lo News Shannon Lo

Wealth Surged in the Pandemic, but Debt Endures for Poorer Black and Hispanic Families

Source: Pew Research Center | By Rakesh Kocchar and Mohamad Moslimani

The economic downturn caused by the COVID-19 pandemic put the financial security of U.S. households at risk. The initial shock caused about 25 million workers to lose their jobs within three months, from February to April 2020, and it took about two years for the nation’s employment level to fully recover.

Read More
Global Newsletter
News Shannon Lo News Shannon Lo

Global Newsletter

Source: Morning Consult | By Matthew Kendrick

Good morning and Ramadan Mubarak to those observing. This week coincided with another major holiday in part of the Islamic world, Nowruz, which is celebrated in Iran, Afghanistan and much of Central Asia.

Read More
How to Persuade a Billionaire
News Shannon Lo News Shannon Lo

How to Persuade a Billionaire

Source: Inequality.org | By Rebekah Entralgo

Amid-pandemic survey from Pew found that 55 percent of Americans have no opinion on whether billionaires – whose wealth doubled during the pandemic – are good or bad for the United States.

Read More