Everyone, Everyday: Talking About What Matters
A new wave of billionaires is invading the world’s richest 1%, and they didn’t make their wealth through humble beginnings. Inheritance Surpasses Wealth Creation A shift in global wealth has occurred for the first time in the nine years that UBS has monitored billionaires. Inheritance Driving Billionaires In a report from UBS, the new members … Read more
The Biden-Harris Administration has unveiled a major initiative aimed at sparking innovation and boosting the U.S. economy. Driven by an investment exceeding $530 million, ten American regions identified for their potential as hubs of innovation are set to receive crucial financial support. The U.S. National Science Foundation’s Regional Innovation Engines program promises to revolutionize industries … Read more
With divorce rates steadily increasing for older Americans, academics and financial professionals are examining just how expensive these separations can be for people 55 and older. Rise of the Gray Divorce The term “gray divorce” refers to marriages that end later in life, usually over the age of 50. And since the 1990s, the rate … Read more
Discussions about the famously progressive Justice Sonia Sotomayor’s potential retirement have Democrats worried about the future balance of the U.S. Supreme Court and the upcoming presidential election Justice Sotomayor – The Truth Teller Justice Sonia Sotomayor is the first Latina on the U.S. Supreme Court and has been recognized for her significant contributions and progressive … Read more
Oklahoma Attorney General Gentner Drummond and Department of Corrections Director Steven Harpe want to extend the time between state executions from 60 to 90 days to alleviate the emotional burden on staff and reduce botch risks. Still, Judge Gary Lumpkin callously dismissed their worries. Proposing an Extension Gentner Drummond, Oklahoma’s Attorney General, and Steven Harpe, … Read more
After previously enforcing a six-week abortion ban based on the Florida State Constitution, the Florida Supreme Court has just made a ruling that will allow Floridians to vote on the state’s availability of abortions directly. A Pivotal Decision The Florida Supreme Court just made a pivotal decision for women’s access to abortion by approving the … Read more
The United States and the United Kingdom have forged the world’s first bilateral agreement focusing on AI safety and regulation with a Memorandum of Understanding that hopes to mitigate the risks posed by rapid AI developments. A New Agreement The United States and the United Kingdom have just made a landmark agreement centered around advancing … Read more
Home insurance premiums are soaring across America due to the increased severity and frequency of natural disasters, and some insurance providers are abandoning high-risk states entirely. Surging Insurance Rates Industry experts predict that there will be a massive surge in the average US home insurance premium, with a 6% increase this year, which will culminate … Read more
During the COVID-19 pandemic, income inequality in the United States worsened, with a significant wealth transfer upwards, as highlighted by the RAND Corporation’s findings of a $50 trillion shift from American workers to the wealthiest since 1975. The World Inequality Report further revealed that billionaires now own a record 3.5% of global household wealth, exacerbating … Read more
New reports and analysis show that despite significant increases in employment and income during the COVID-19 pandemic, the wealth gap between white, Black, and Hispanic households has also increased. Pandemic Changes There have been many studies on the financial changes that took place throughout the Covid-19 pandemic. One recent report has shown that ongoing trends … Read more