"Oxfam, the world-renowned advocacy group, issued a report ahead of the Davos event which showed that billionaire wealth rose by more than 16% last year, three times faster than the past five-year average, to more than $18 trillion. It drew on Forbes magazine data on the world’s richest people.
Oxfam said the $2.5 trillion rise in the wealth of billionaires last year would be enough to eradicate extreme poverty 26 times over. Their wealth has risen by more than four-fifths since 2020, while nearly half the world’s population lives in poverty, the group said.
The Trump administration has led a “pro-billionaire agenda,” the group said, through actions such as slashing taxes for the wealthiest, fostering the growth of AI-related stocks that help rich investors get richer, and thwarting efforts to tax giant companies."
We’re about to do something that may prompt Iranian missiles to target U.S. bases.
Unlike last time [1], when we had one CVN in position, one in the vicinity [2], and Israel potting their launchers, this time [3] we’re expecting some may get through.
I don’t think so. Worst case, we see the Brent-WTI spread widen. But an attack aimed at regime change carries the potential for sanctions release (even if, as in Venezuela, it’s a shuffling versus changing of guard).
