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Panama Papers journalist assassinated by car bomb in Malta
Daphne Caruana Galizia, one of the lead journalists on the Panama Papers story, has been assassinated by a car-bomb in the town of Bidnija in northern Malta. (more…)
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The Tories replaced benefits with "universal credit" and left a town to starve
In 2013, the Scottish city of Inverness had the unfortunate fate of being picked as the trial site for a pilot of "universal credit," one of the UK Conservative government's big ideas, in which the...
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The Paradise Papers: another tax-shelter leak implicates Apple, Trump, Putin,...
https://youtu.be/MkVV2hvuQdM 1.4TB/13.4 million documents have leaked from Appleby, the offshore law-firm that is part of the "magic circle" of firms employed by the super-rich to manipulate their...
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Rich people in Northern California got better firefighting services, thanks...
Wealthy people whose homes were threatened by last month's Napa wildfires got better fire-suppression services than their poorer neighbors, thanks to private firefighters paid for through their...
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Excellent, plain-language explainer on corporate and 1 percenter tax evasion,...
The New York Times has collaborated with Berkeley economics prof Gabriel Zucman to produce an interactive explainer that walks through the baroque tax-evasion strategies deployed by multinationals...
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Congressional Republican candor: everyone hates our tax plan except the CEOs...
The Republican Party has done the impossible: they've produced an unpopular suite of tax cuts, by designing a system that lards more than a trillion dollars onto America's debt while raising taxes on...
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Behold! The astonishing mental gymnastics of TSA apologists explaining why...
The project of making planes secure from terrorist attacks is an inescapable nonsense: nonsense because there's no way to screen millions of people to prevent a few dedicated ones from bringing down a...
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Treasure Islands: EU publishes a blacklist of 17 tax-havens and a long-list...
The EU's new blacklist of 17 money-laundering financial secrecy states includes South Korea, Mongolia, Namibia, Panama, Trinidad & Tobago, Bahrain and the United Arab Emirates, and also includes a...
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Share of national wealth held by America's 1% hits 50-year high
In Household Wealth Trends in the United States, 1962 to 2016: Has Middle Class Wealth Recovered?, an NBER working paper by NYU economics professor Edward N. Wolff, we get an analysis of the annual US...
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Simklept: Kleptocrat is a mobile game that uses real-world financial crimes...
Kleptocrat is an Ios-only mobile game that challenges players to play as billionaire tax-dodgers, who construct ruses to hide their money from the tax authorities in the countries where the state...
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A rogue's gallery of 17 of Eastern Europe's richest, most politically...
Albania's Shkëlqim Fusha likes to hide in the shadows, but his cousin, Tirana chief prosecutor Petrit Fusha, is implicated in a massive corruption scandal whose cover-up involved assassinating a...
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Wells Fargo CEO promises to spend not one cent of the GOP tax gift on...
Wells Fargo CEO Tim Sloan -- who inherited the most scandal-haunted bank of them all this year -- reassured his investors in a CNN Money interview that not one dime of the tax savings the GOP will...
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Tiffany sold out of a ton of those laughable sterling silver "everyday objects"
Remember Tiffany's runup to Xmas with the $1000 tin can and the $9000 ball of yarn? It was a pretty shrewd bit of marketing. (more…)
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California ballot initiative to make state university free again by...
From their inception, California's state colleges and universities were free or nearly free for in-state students, but since the 1970s, the state systems have been ratcheting up tuition and...
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Koch brothers publish letter crowing about all the ways Trump spent the year...
In a letter to the Koch network -- a group of evil billionaires who chip in to buy politicians -- the Koch brothers crowed about how Donald Trump (whom they considered replacing with Paul Ryan in a...
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Stock market gains to the richest 2% of Americans in 2017 could pay for the...
The wealthiest 2% of Americans got $1.15 trillion richer in 2017, nearly all of it in stock market gains -- more than enough to pay for state and federal Medicaid, and all mandatory and discretionary...
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How 401(k)s created a class of suckers to be fleeced by the investor class
America's 1% have waged a long war on defined-benefits pensions, insisting that America could prepare for retirement by putting their money into 401(k)s, despite the stark evidence to the contrary....
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For Goldman Sachs execs, momentarily working for the government means...
When Gary Cohn left Goldman Sachs to to work for Donald Trump, he was required to sell off his Goldman Sachs stock, but he didn't have to pay capital gains tax on that sale, saving him a cool...
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Billionaire Cartier boss returns from fishing holiday gripped with terror...
Tobacco heir Johann Rupert is worth $7.5B; he's head of Cartier, Montblanc, Chloe and other luxury goods labels, having returned to the helm of his Richemont holding company after a year-long...
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Rail barons and the new gilded age: one-percenters travel in style by...
The Wall Street Journal profiles rich "train buffs" who buy vintage Gilded Age railcars and refurbish them, then pay to have them hitched to Amtrak trains and pulled between their city houses and...
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The Wall Street Journal on the decade since the crash: inequality, giant...
It's been ten years since the financial crisis, when barely regulated banks destroyed the world's economy, kicked off wars, and directly and indirectly killed millions. (more…)
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The other class war: technocrats vs plutocrats
After World War Two, the balance of wealth shifted dramatically: the super-rich lost so much capital during the two wars and the interwar period that their grip on power slipped, creating the space...
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Designer garden hoses, and other 'luxurious alternative garden appliances'
Riffraff, step aside. A line of garden hoses for the more discerning yard worker has arrived. With models like the Gold Digger ("certainly a statement piece is for those who love a bit of show off"),...
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How the "global super-rich" have honeycombed London's posh neighbourhoods...
London -- ground zero for financial shenanigans, money-laundering, and the conversion of housing from a human necessity to an asset-class -- has spent decades converting itself to an inert, open-air...
View ArticleCEO-to-worker wage gap yawns ever wider, hitting 312:1 in 2017, up by 17.6%
The CEO:worker wage ratio was stable in 2015/6, but some unnameable policy or policies, which we can only guess at, were at work in 2017, boosting the gap by 17.6% to 312:1. It's really hard to...
View ArticleMajority of American millionaires support a wealth tax on American millionaires
When Elizabeth Warren proposed a Thomas Piketty-style wealth tax (2% annually on family fortunes over $50m, 1% more on fortunes over $1b), she ballparked the returns at $1.9-2.75t over the first ten...
View ArticleAmerica's super-rich write to Democratic presidential hopefuls, demanding a...
18 of the richest people in America have sent a letter to all the candidates for the 2020 Democratic presidential nomination, demanding that their election platform include a annual wealth tax on the...
View ArticleTrump's trade war cost the world $2t, wiping 6% off the global one percent's...
Trump's trade war has reduced the world's net worth by $2 trillion ($1.5 trillion of which came off the balance sheets of the 1%), with losses most deeply felt in China and Europe; North and South...
View ArticleDynasties: in-depth reporting on the wealthy, influential political and...
The latest podcast from the Canadaland network (previously) is Dynasties, wherein host Arshy Mann delves into the scandals, backroom deals, and secret string-pulling employed by the "great families"...
View ArticleThe poorest half of Americans have nothing left, so now the 1%'s growth comes...
The Fed's latest figures on American household wealth paint a rosy picture -- in the aggregate. US households now own a record-breaking $107T worth of assets! But drill into those figures and you'll...
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