“Inequality is a crisis in need of concerted action,” said Nobel Prize-winning economist Joseph Stiglitz. A panel of experts convened by South Africa’s president warned Tuesday that the world is facing an “inequality emergency” as the richest people on the planet capture a disproportionate share of new wealth and prepare to pass it down to their […]
“Most corrupt administration in history,” said Sen. Patty Murray of the latest Trump pardon. President Donald Trump on Thursday formally pardoned Changpeng Zhao, the founder of cryptocurrency exchange Binance, who pleaded guilty to money-laundering charges in 2023. The Wall Street Journal, which first reported the pardon, noted that it came “following months of efforts by Zhao to boost the Trump family’s own […]
This Monday is Labor Day in the United States — a holiday linked to workers’ rights and wearing white. That may sound strange, but it is true. Many Americans put away their white clothes on Labor Day and do not wear them again until the following May, after Memorial Day. One reason for the clothing […]
A proposal under consideration by some members of the G20 group of advanced economies that would place a worldwide tax on the assets of the ultrawealthy does not have the support of the Biden administration, U.S. Treasury Secretary Janet Yellen said Monday. Yellen told The Wall Street Journal that the United States is in favor of […]