Biden’s billionaire tax hits the super-rich. Can a wealth tax work?

Biden’s billionaire tax hits the super-rich. Can a wealth tax work?

“No billionaire should pay a lower tax rate than a teacher, a sanitation worker, a nurse,” he said Thursday. The plans, previously outlined in the president’s 2024 budget, reignited a decades-old debate over how best to account for the wealth of the world’s richest. The issue has taken on fresh significance this year, however, as governments … Read more

Surge in far-right support underscores European trend

Surge in far-right support underscores European trend

Democratic Alliance (AD) leader Luis Montenegro celebrates his victory as he addresses supporters at the party’s election night headquarters, in Lisbon on March 10, 2024. Miguel Riopa | Afp | Getty Images The result — which saw the parliamentary representation of the Chega party quadruple to at least 48 lawmakers — gives the political right … Read more

‘Congress needs to get a spine’

‘Congress needs to get a spine’

Officials told NBC News in February that Biden is thinking about implementing harsher asylum standards without Congress. The rules would raise the bar for asylum-seekers and deport any migrants who do not meet those elevated standards. Tightening asylum grants is just one of the policy options that Biden is considering to handle the border unilaterally, … Read more

Houthis claim ‘catastrophic’ attack in Red Sea as crew abandons ship

Houthis claim ‘catastrophic’ attack in Red Sea as crew abandons ship

“Vessel at anchor and all crew are safe,” the UKMTO said. Houthi militants later claimed the attack, with spokesperson Yahya Sare’e identifying the vessel as general cargo ship Rubymar and describing it as British. VesselFinder and MarineTraffic.com data indicate the ship sails under the flag of Belize. Houthi forces have previously said they are targeting … Read more

Trump will quit NATO, Hillary Clinton says, as U.S. commitment in question

Trump will quit NATO, Hillary Clinton says, as U.S. commitment in question

Former U.S. President and current GOP Presidential candidate Donald Trump addresses the press at Mar-a-Lago on February 16, 2024, in West Palm Beach, Florida. Joe Raedle | Getty Images News | Getty Images “He will pull us out of NATO,” Clinton told attendees during a lunchtime session. Trump stoked fresh concerns over the U.S.’ commitment … Read more

Germany’s Defense Minister Boris Pistorius says 2% defense spending just the start

Germany’s Defense Minister Boris Pistorius says 2% defense spending just the start

However, Boris Pistorius, Germany’s federal minister of defense, stressed that spending 2% was always designed to be a minimum. “2% can only be the start of it. We might — we’ll probably need more — in the next years,” Pistorius said on a CNBC-moderated panel at the Munich Security Conference. Former US President and 2024 … Read more

Prabowo leads in unofficial presidential vote count

Prabowo leads in unofficial presidential vote count

Indonesia’s presidential candidate Prabowo Subianto gestures after he cast his ballot to vote in the country’s presidential and legislative elections at a polling station in Bogor on February 14, 2024. Indonesians began voting for a new president on February 14 with Defence Minister Prabowo Subianto the frontrunner to lead Southeast Asia’s biggest economy despite concerns … Read more

Musk denies selling Starlink terminals to Russia after Kyiv alleges use

Musk denies selling Starlink terminals to Russia after Kyiv alleges use

A Falcon 9 rocket launches a Starlink mission from Florida on Feb. 27, 2023. SpaceX Ukraine’s main military intelligence agency accused Russian forces of using Starlink terminals produced by Elon Musk’s SpaceX in occupied areas. Starlink has been adamant that its satellite networks have never operated or been marketed in Russia, after its terminals were … Read more

Milei lashes out at governors after key reform bill setback

Milei lashes out at governors after key reform bill setback

Argentines gather in front of the National Congress in Argentina to celebrate that the ruling party could not continue with the debate on the ‘Omnibus Law’ because they were losing the votes on each article of its general content, in Buenos Aires, Argentina on February 06, 2024. Anadolu | Anadolu | Getty Images Argentina’s President … Read more

Trump New York business fraud verdict delayed

Trump New York business fraud verdict delayed

In this courtroom sketch, former U.S. President Donald Trump looks on as his attorney Alina Habba delivers closing arguments during E. Jean Carroll’s second civil trial in which Carroll accused Trump of raping her decades ago, at Manhattan Federal Court in New York City on Jan. 26, 2024. Jane Rosenberg | Reuters A verdict in … Read more