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Readers Write: Nuclear power, history, political violence, undocumented workers, wealth
First: the nuclear waste problem.
Marian Ilitch: A Michigan billionaire in business, sports and family
The co-founder of Little Caesar's Pizza with her late husband, Marian Ilitch became one of America's wealthiest women.
Local Business Owners Replace Stolen SNAP Benefits After EBT Scam Leaves Mother With Nothing
A Connecticut mother who lost a month of food benefits to an EBT scam is getting help from two local business owners after stolen SNAP ... Read More
The politics of intergenerational wealth inequality
Letters: Dr Rajiv Prabhakar assesses the best age at which grants should be provided to young people, while Jeremy Galtress argues against redistribution
Weightlifter Dodds added to Jersey team for Glasgow 2026
Dodds is the first weightlifter to represent the island at a Commonwealth Games since 1962.
Report finds deep racial and ethnic health disparities in Texas
We examine the Commonwealth Fund report's findings and what they reveal about health care access, affordability and outcomes across Texas.
Healthcare organizations celebrate milestones at annual reception
The Geisinger Commonwealth School of Medicine and the Northeastern Pennsylvania Health Care Foundation recently held their annual reception to review the progress and impact of the NEPA Health Care Foundation Scholars Program. The program…
Why middle age is becoming a breaking point in the U.S.
A new international study finds that middle-aged Americans are lonelier, more depressed, and experiencing worse memory and health than earlier generations. Researchers say growing financial strain, weaker social supports, and chronic stress may explain why the U.S. is falling behind other wealthy nations.
How SpaceX employees, new millionaires should spend their IPO windfall
SpaceX's blockbuster IPO will ink thousands of new millionaires. Wealth advisors urge them to spend smartly.
Wages Are Falling. Wealth Is Surging. No Wonder Americans Are Unhappy.
As Elon Musk became the world’s first trillionaire, workers are facing higher prices and fears of A.I.-driven job losses.
In Retrospect: Poland, Russia, Europe
In April I spent a few days with Zryw, a Polish non-profit organization that recruits young people to enter politics and public life. Their aim is to build a new generation of civic leaders in Poland. I’ve followed their evolution from the beginning; my son is one of the founders. (“Zryw” means “impulse” or “burst of speed” in Polish). Julie Chmielewska, one of Zryw’s leaders, interviewed me at the event. Here is the conversation, lightly edited for grammar and context: Julia Chmielewska: Assuming that culture shapes institutions, could we conclude that some cultures are more prone to authoritarianism? Anne Applebaum: I don’t think so. Every culture, every nation, and every country has the potential for change. When we look at history, we can see that nations do change. Poland has changed, for example, from the 1980s to today. There’s a completely different mentality here than the one I encountered when I first visited, in 1988. The current generation sees the world through a different frame. So no, I don’t believe that certain nations are doomed to authoritarianism, or to anything. Of course, there are political and cultural traditions, but they can always be challenged. JC: So do you think there’s something intrinsic in human nature that pushes people to democracy, freedom? AA: I think there is something in human nature, a deep instinct, that pushes people towards freedom, yes. People who live in authoritarian countries – and I’ve heard this from them over and over again – sooner or later find themselves angered by a feeling of helplessness. They can see the unfairness of crooked courts, irrational political decisions. They naturally dislike the fact that somebody has all the power while they have none. In those circumstances, people who have no political background at all sometimes are politicized just by that frustration. I’m thinking of Svetlana Tikhanovskaya, for example, who was a Belarusian housewife, until the circumstances of her husband’s arrest forced her to become a politician. I met a woman who is a Uyghur from China, and who had come to live in Turkey. After several of her family members were arrested, she too was propelled into a political role. These kinds of experiences make people interested in democracy or political reform, even if they thought they didn’t care. I also think that the opposite is true: some people instinctively prefer homogeneity, order, hierarchy. They don’t like the confrontation of opinions or the noise of debate, and they lean towards a single leader or a unified regime. I think that most of modern history is shaped by the clash between those two different sides of human nature. JC: Which force do you find more powerful today? AA: I think they both have a lot of power and there’s no way of predicting who wins. Even in countries that seem very shut off or stuck in an authoritarian system can change. We’ve seen that happen. And vice versa, I think democracies can also begin to fail and slide into authoritarianism. So it’s very important not to be complacent in either direction. JC: I want to go into your history and your experiences. You’ve lived in Russia during a time of incredible change in the late 80s, and then you came back to do research in post-Soviet Russia. AA: I was a student in Russia just before the collapse of the Soviet Union. I then traveled and worked there extensively in the 1990s, and I met people who really were full of hope. They hoped that Russia could become a democracy, or at least a place that guaranteed freedom of speech, freedom of the press. These weren’t ideas that came from Washington. Although now the narrative in the Kremlin is different, I met many people who were working towards exactly that kind of transformation. A friend of mine ran a series of seminars – once a year, and then later several times a year, in cities all over Russia – designed to get people to discuss politics in new ways. She invited young politicians and journalists, as well as foreigners. I went to many of them, in Moscow as well as Volgograd and Novosibirsk. Over two decades, hundreds of people came to these seminars, and all of them wanted Russia to be different. I remain convinced that many Russians still want Russia to be different. It’s just that the old system, in the form of Putin, a representative of that system, returned. The KGB reimposed their power. And this wasn’t because of something to do with culture, this was to do with money and politics, and who was in charge. JC: You’ve partially answered my question... I wanted to ask whether that excitement of the 1990s was an exception from the Russian historical norm which has been rather authoritarian? AA: Of course, if you look at the history of Russia since the 18th century, there have always been liberal groups, reformers and revolutionaries. There were the Decembrists, in the early 19th century, and the rural populists later on, who tried to organize the peasantry. A significant group of liberal Russians appeared at the turn of the 20th century, people like the father of the writer Vladimir Nabokov, who was a Russian politician before the revolution. These groups were small in number, but sometimes had a broader significance. The Russian dissident movement in the 1950s and 1960s actually invented the modern human rights movement. It was their idea to hold the leaders of the Soviet Union accountable for the language they used, to remind them of the treaties they had signed and the promised they had made. They created the Helsinki group, for example, that held Soviet leadership to the language of the Helsinki Treaty, which formally ended the Second World War and which contained guarantees of human rights, at least on paper. That idea spread to Eastern Europe, and similar tactics were used here in Poland. (Benjamin Nathans recently wrote a great book about the Soviet dissidents, To the Success of Our Hopeless Cause) JC: But seemingly, even if they do ever get power, they could never hold on to it. AA: We don’t know, because they have never really had power. But in any case, we also don’t know what will happen in the future. There is no reason to assume that Russia will forever be condemned to totalitarianism. Even during the first fifteen years of Putin’s regime there was some form of democratic politics. Only when the full-scale war began did he bring everything to an end: he shut down all remaining independent organizations and killed his most important opponent, Alexi Navalny. But does that mean he is popular, that he enjoys legitimacy? Even now, we don’t really know what Russians think about him, or about the war. There is no way of doing real polling in Russia because nobody will answer an independent pollster over the phone. JC: Do you think that the flock of young people, especially young men, who fled Russia after the start of the war represent a continuation of liberal movements that refuse to partake in the authoritarian state, or do you think they are moving for the sake of self-preservation – “I don’t want to go to the army, so I leave”? AA: I’m sure it’s both. I actually know many people who left Russia for political reasons either in the very last years before the war, or else just after the war began. JC: And do you see a change in the young generation versus the old one that have fled? AA: It’s hard for me to say because the people who I know were mostly already politicized. I do know some younger people who left, but most of them were already either active in the opposition, or working as journalists. Many of them very self-consciously think of themselves as maintaining Russian culture abroad, just as in the 20th century the Soviet dissidents or the anti-communist White Russians once thought of themselves as people who maintained the true Russian culture, outside of Bolshevik Russia. JC: Let’s move on to Poland. One of your first experiences with Poland was reporting on Margaret Thatcher’s first state visit, in the autumn of 1988. You followed her around the farmers’ market. AA: She was making a symbolic gesture. She wanted to welcome free markets, but the only one she could really visit was the farmers’ market at Hala Mirowska. JC: And I want to talk about this area because today you can look out of any window in that district, Mirów, and see rows and rows of skyscrapers. How does it feel to see a country built from the ground in such a short time, both politically and economically? AA: You know, when you’re living in a period of dramatic change, it’s always hard to know whether the change is positive or negative. The transformation in Poland created winners and losers, as well as new classes of people, new political movements of different kinds. At the time, it sometimes just felt like turbulence. Now, we can look back at the 1990s and early 2000s in Poland and see in retrospect that the country was headed in towards prosperity and European integration. In around 2009 or 2010, I remember speaking to a woman who worked cleaning government offices, and who asked me if her daughter should study in Amsterdam or in London. This seemed to me to be a real transformation, and it happened very fast: within a few years, Poles stopped feeling like second-class Europeans, and a generation of younger Poles appeared who had no qualms about crossing borders. JC: We again live in turbulent times. Do you think we’re heading towards positive outcomes? AA: I can’t make predictions, because everything that happens tomorrow depends on what people do today. Also, history doesn’t have a trajectory. It doesn’t move in a particular direction. You only think it does afterwards. As I said, you can look afterwards at Poland in the 1990s and you could say this was a period of great progress. But not everybody at the time saw that. Sometimes people are very wrong about a given country’s trajectory. I remember people writing about Ukraine in the 1990s, about how dangerous it was that Ukraine was independent, that this was going to be an anti-semitic state, that Ukrainian nationalism was going to come back... and although you can say many bad things about Ukraine, the country made many bad choices, actually it became a pretty tolerant state which now has a Jewish president and until recently a Muslim defense minister. JC: In the 1990s Poland’s and Ukraine’s GDP were roughly similar. Ukraine was even a bit richer. So the starting point was similar for both of these countries, but they’ve turned out very, very differently. Even if we stop in 2014. Why do you think Ukraine “chose East”? Was it external influence? AA: No, I think Ukraine was in a different position. First of all, central and eastern Ukraine had been part of the Soviet Union since the 1920s, and had therefore experienced a longer period of occupation, repression, Sovietization and even Russification. Ukraine did not have, as Poland did, an alternative elite: a large cadre of economists and politicians, who already had some experience in opposition politics and in independent thinking. In Poland, the transformative finance minister, Leszek Balcerowicz, had already thought about how an economy might be decentralized before he took office. We can argue about how successful he was, but at least he was prepared to try something new. In Ukraine, people weren’t prepared. For one, there hadn’t been much space even for an illegal opposition in the previous couple of decades. Ukraine was also in many ways still emerging from colonial occupation. For the previous couple of centuries, many of the most capable Ukrainians had moved to Russia, and the first generation of leaders in independent Ukraine tended to be former Soviet apparatchiks. They didn’t immediately seek to become closer to western Europe. Instead, they looked for some kind of economic and political “third way” and an accomodation with Russia. Ukraine became stuck in this position, half-in, half-out and became pretty profoundly corrupt. JC: The Polish alternative elite had a vision of where they wanted the country to go. I think the general perception now is that this vision ends with the next election, right? Is this a natural process of gaining power? AA: Their vision, and it was shared by the time by politicians who now call themselves both left and right, was that Poland should join the EU and NATO, as fast as possible. My husband (Radek Sikorski) was in the very first government that said it wanted to join NATO. At the time this was taken very badly in Washington: the demand for NATO membership absolutely came from Poland, not from the US. But even then, in the early 1990s, many Poles already understood that the Russian sphere of influence would grow once again, that it was important to become part of the transatlantic alliance and an integrated Europe as fast as possible: NATO, the EU, the Council of Europe, all of the trading and security alliances. That consensus lasted through several different governments and over many years, even governments containing former communists. For twenty years, right, left and center disagreed about many things, but they all agreed on the direction that the country should go. In retrospect, that consensus created the basis for prosperity in Poland. JC: And regarding the Polish-Ukrainian relations. We know that antagonisms, e.g. the myth of Wołyń [a massacre of Poles that took place in what is now Western Ukraine, in 1943] are increasingly used in Polish political discourse today. In Ukraine, nationalist historians make heroes out of UPA, the Ukrainian revolutionary army, which is held responsible for this tragedy. Where do you see a start for burying the hatchet? Is the reconciliation of our nations possible? AA: So here’s a strange thing: For more than a decade after they both gained independence, Poland and Ukraine participated in a number of projects that were designed to solve exactly these kinds of Polish-Ukrainian differences. Books were published that were jointly written by Polish and Ukrainian historians, monuments were built. These projects were successful: If you’d asked me this question in 2010, I would have said that there are no real historical issues between Poland and Ukraine, that the two countries had mostly reconciled. For a number of reasons, this began to shift. In Poland, children and grandchildren of victims of the Wołyń massacre felt their tragedy hadn’t been fully recognized. In Ukraine, nationalist groups wanted the UPA partisans who had fought against the Soviet Union recognized for their heroism, despite the fact that some in this broad and not well-defined group were also linked to Wołyń. In both eastern Poland and western Ukraine, the memory of the ethnic cleansing that took place there in the late 1940s - Poles were moved West, Ukrainians East - to accomodate new borders has left feelings of displacement and bitterness. The wave of Ukrainian immigration, which started before the war, may have provoked some of this. But don’t underestimate the role played by Russia, which has always wanted to create discord between Poland and Ukraine, and pumps out propaganda to that effect in both countries. Vandalism on both sides of the border, damage done to cemeteries and monuments, is sometimes carried out by provacateurs working for Russia, just to create bad feelings. The Polish-Ukrainian conflict also hides a different reality: although there are real grievances and bad memories, the truth is that the biggest tragedies both nations experienced in the twentieth century were inflicted by the Soviet Union and Nazi Germany. That should unite these two countries, not divide them. JC: This week (19.04.2026 – Ed.) in Hungary we saw that using historical narratives to create grievance has no longer worked. Are you optimistic about the direction after Orban’s loss? AA: The Hungarian election was really important because it shows that people can actually resist powerful, dominant propaganda. The ruling party Fidesz controlled all of the TV, 90% of the newspapers, the constitutional court, the bureaucracy... and yet people had the nerve to vote against it and resist it. It’s also an important election because Hungary created a huge network of well-funded think tanks and foundations that were funding other far right groups and projects. So that loss is going to have a knock-on effect in other places too, maybe even in Poland. JC: What you’ve said about resisting propaganda reminds me of one of the interviews you did about talking to Russians in the post-Soviet era who claimed that people knew that the system was lying. Why do people choose to believe in these regimes anyway? AA: Because it’s useful. Stephen Kotkin, an American historian, once described how people would learn how to “speak Bolshevik”: It was just a language that you needed to use in order to get by in society. If you didn’t talk the way the regime wanted you to talk, then you might have problems, or lose your job, or your kids would not get into university. It was a way of getting along. Communist Poland was similar, at least in the early years. When I was writing a book about the Sovietization of Eastern Europe after World War II, I met a lot of people who wanted to talk a lot about the war, when many of them had done really heroic things. But almost nobody wanted to talk about the decade afterwards, between 1945 and 1956. This was when you had the short period of terror, violence and Polish Stalinism. To stay safe, people felt the need to just go along with what others were saying, or stay out of politics, or use communist jargon without necessarily believing it. I don’t judge them for it, and I wouldn’t describe all of those people as collaborators. It’s easy to feel moral certainty in retrospect, because we know that communism ended. But if you were living in 1949, it might not have been clear to you that communism was going to end. In very repressive societies, maybe about 10% of people who are really evil – collaborators, torturers. Maybe 10% of people are really brave and who find ways to resist. And then around 80% of people have kids, they have parents, they have to have jobs and they’ve had to get through it somehow. Strange though it may sound, I’ve found that the work I did on that book is now very useful in explaining some of what’s going on in the United States today. There are plenty of members of the Republican Party in Congress who know perfectly well that Donald Trump says many things that aren’t true. But they avoid criticizing him because it’s inconvenient, because they would get in trouble, because someone would attack them on the internet. So actually you don’t even need mass terror to get people to conform. JC: Is Gen Z reinventing agency? AA: We’ll see. In any generation you can find groups of people who want agency. If you live in a society that’s unfair, for example where a tiny number of people have captured most of the wealth, then at a certain point people rebel. This is always easier for younger people, who have you have less to lose. The question now is how the internet will affect the relationships between citizens and the state, and how it will change organizations. The “Twitter revolutions” people spoke about as early as 2008-9, mass protests organized online, have often proved to be very superficial. Although you can easily join something just by clicking, the work of creating a real movement requires physical participation. Successful mass movements of the past, for example the Civil Rights movement in the United States, were built by people who had spent many years together. They had participated in non-violent workshops together. They practiced and prepared. Just using the you can get everybody to show up at a certain moment, but then when the protest is broken up, nothing happens. It’s also true that the repressive regimes have more recently learned how to use the internet to undermine leaders and movements. Most of all, they now understand how to make people cynical. The form of propaganda that most modern authoritarians use - and I think the Russians really pioneered this - deploys sneering cynicism. Instead of praising the rulers, the regime propagandists mock the opposition movement leadership for being supposedly corrupt or sexually degenerate, with the goal of undermining any kind of idealism. JC: MAGA grew on the internet? AA: MAGA is a real grassroots movement. They had symbols, red hats, they showed up at rallies. But you’re right that the cynicism, the sarcasm and the distrust that the movement embodies came originally from the internet, and this is different. Fifty years ago, most European political parties had a social base in real organizations, in trade unions for Social Democrats, in church groups for Christian Democrats. As people stopped going to church and as the trade unions became smaller, the social base of these parties disappeared. Now people who wouldn’t have known one another in the past meet on the internet and create new movements, many of which don’t last. JC: Is history ending? Going in stale circles? AA: History never ends. In truth, human beings want contradictory things at the same time: order and freedom, stability and change. These things are never resolved, and when a society swings too far in one direction, people always push it the other way. But each time that happens, the result is different. Certainly it is true that we are now in a period when old philosophers and ideas from the 1930s are undergoing a revival. Carl Schmitt, who was a philosopher who was very influential on the Nazis, is back as an influence on both the far left and the far right, once again inspiring people to think that all politics has to be existential, that all politics is about defining and defeating enemies. In the US, some are also bringing back dominionism, the idea that we need a Christian and not a secular state. It’s also true that we are living through a more fundamental shift. The old left-right divide, which was mostly about the size of the state, is much less important now. Instead, we are arguing about more fundamental things: what are our rights, what protects our freedom. Or how much power do we want to give small elites, versus how much power to give ordinary people. In America a small group of very wealthy people now control information, because they control the social media platforms and AI, which means they determine what people will read and learn. Finding a way to preserve preserve zones of autonomy and independent thinking, this is going to be the main task for the next generation. JC: What is the one book that a person interested in Central Europe should read? AA: You could read my book “Iron Curtain: the Crushing of Eastern Europe” which tells the story of how the Soviet Union imposed its culture on the region. Or read Tim Snyder’s history of the region, “The Reconstruction of Nations: Poland, Ukraine, Lithuania, Belarus 1569-1999.” And everyone should read “The Captive Mind” by Czesław Miłosz, which describes exactly the phenomenon we were talking about: why do people collaborate? I joined Scott Galloway and the brilliant Fiona Hill in a discussion about the wars in Ukraine and Iran, the future of global power, and what these conflicts reveal about America's role in the world. Scott told us that this was the 400th edition of his podcast, which is quite a number: My friend Francesco Chiamulera runs a brilliant series of literary events, Una Colline di Libri, A Hill of Books, in the Prosecco Hills, a region of vineyards and elegant hill towns in the Veneto, north of Venice. We did an event in Vittorio Veneto and also drove and biked around the countryside. Buy Autocracy Inc Buy Iron Curtain Open Letters, from Anne Applebaum is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber. Subscribe
Inside wealth: New SpaceX millionaires are reinventing the business of managing large wealth
Wealth advisors say SpaceXers have unique ways of addressing their financial challenges, including whiteboarding, troubleshooting and AI.
New SpaceX millionaires are reinventing the business of managing large wealth
Wealth advisors say SpaceXers have unique ways of addressing their financial challenges, including whiteboarding, troubleshooting and AI.
Grounds for celebration: Dean’s Beans named Massachusetts Rural Business of the Year
When founder Dean Cycon stepped down from his Dean’s Beans Organic Coffee Co. in 2023, he didn’t look for a wealthy outside buyer or a massive conglomerate to take over. Instead, he handed the keys directly to the roasters, packers and office staff who helped him build the brand. Three years into its journey as […]
Social Security is Facing a Political Crisis
On Tuesday the Social Security Trustees released their latest report on the system’s finances. The numbers didn’t change much: Unless something is done, the Old Age Survivors and Disability Insurance (OASDI) program, Social Security’s official name, will be unable to pay full benefits starting in either 2032 or 2034, depending on some technical issues. That’s not far away: If the Trustees are right, the prospect of a Social Security crisis will loom over the next presidential administration. It’s important to understand, however, the nature of the looming crisis. It won’t be an economic crisis. It won’t even be a serious fiscal crisis. Whatever you may have heard, Social Security isn’t in danger of going bankrupt. What we’re facing, instead, is potential political crisis. Congress and the White House could easily take action to sustain America’s retirement system. But given the current state of our politics, there’s no guarantee that they will. There is a widespread misunderstanding of how Social Security works. While Social Security was designed to look like a pension fund, it isn’t. A pension fund pays benefits out of a stock of assets it has accumulated over time. In contrast, Social Security operates as a government transfer program, like food stamps or Medicaid. Now, unlike food stamps — but like the highway trust fund — Social Security is on paper supported by a dedicated tax, the payroll tax, that is assigned to that program. But I say “on paper” because from an economic point of view assigning the payroll tax to Social Security is just an accounting convention. What matters for the U.S. economy is the overall balance between government spending and government revenue, not the difference between one type of spending and one source of revenue. So there’s no inherent economic significance to the fact that by 2034 payroll tax receipts will be insufficient to cover promised benefits. There is, however, a legislative issue. As long as the Social Security Administration can pay benefits out of payroll taxes and its cash reserve, there’s no need for Congress to vote each year to authorize benefits — they just keep going out until further notice. However, once those resources become insufficient, benefits will fall —by 17 percent according to the Trustees — unless Congress passes new legislation that “tops up” Social Security’s finances. Yet the current administration and Republican party are such extremists that there is a real risk that Social Security will be held hostage on behalf of their goals. If this should come to pass, the hostage-takers will claim that shoring up Social Security is unaffordable. Right on cue, Mike Johnson, the Trump-sycophant Speaker of the House, declared on Monday that “entitlement programs” like Social Security “have to be adjusted and fixed,” and that Republicans will introduce a plan to that effect next year. But this is a ploy, because while the cost of maintaining Social Security benefits at their promised level isn’t trivial, it is in fact affordable. According to the Trustees’ report, the actuarial balance of OASDI up through 2050 — the amount of additional funds it would need to keep paying full benefits for the next 25 years — is 1.06 percent of GDP. To put that number in perspective, the Trump administration proposes increasing military spending next year by $420 billion, equivalent to about 1.4 percent of GDP – without any discussion of whether that’s affordable Yet how did we get to the point where Social Security will need to be topped up? The main answer is that we have an aging population, with a growing ratio of retirees collecting benefits to workers paying into the system: Trump’s anti-immigration policies are making this problem worse. According to the Trustees’ report, lower immigration will deepen Social Security’s financial hole because many immigrants are working-age adults who will pay into the system for decades before they collect benefits. In fact, this problem may be much bigger than the report acknowledges: The report’s baseline assumption is that we’ll have net immigration of almost 1.2 million people a year, and even the pessimistic case assumes 750,000 a year. Meanwhile actual net immigration has already been cut far below that — and may now be negative. Moreover, Social Security is being financially damaged by growing income inequality in America. Payroll taxes are levied only on wages up to $184,500, and they don’t touch capital income. With the distribution of income increasingly shifting from labor to capital, as well as becoming more unequal among wage-earners, revenue from the Social Security payroll tax has been falling as a share of national income. From 1990 to 2024, it fell from 5.02 percent of gross domestic income to 4.46 percent. Which brings me to the question that, these days, we ask about everything: How might Social Security be affected by the advent of AI? A short answer: If, as many of us fear, AI accelerates rising income inequality, it will further reduce the payroll tax receipts that currently pay for Social Security and further endanger its finances. On the other hand, if AI, as its advocates promise, leads to faster economic growth, it will increase the potential tax base that could and should be used to support Social Security and other social insurance programs. But to take advantage of that larger base, we’ll have to get serious about taxing wealth and capital income. Is Social Security in trouble? Yes, but only because of the way its financing is currently structured — a structure that no longer works well because our society and economy have become so unequal. Moreover, Trump’s immigration policies are further endangering its already deteriorating financial condition. So don’t believe Republicans’ gaslighting that it will be necessary to cut Social Security benefits. All that is necessary to preserve Social Security is political will to raise taxes on the wealthy and a sensible immigration policy. MUSICAL CODA Actually 67 under current law.
Peter Kyle’s quest for UK’s first $1tn firm is honourable, but he is overselling state activism
Business secretary exaggerates role of the British Business Bank and the National Wealth Fund in nurturing firms
“Tech-Driven Prosperity & Right-Wing Racist Politics”: Quinn Slobodian on Elon Musk and SpaceX IPO
Ahead of the initial public offering for SpaceX, we speak with historian Quinn Slobodian, author of Muskism: A Guide for the Perplexed. He says Elon Musk is “creating a situation where he becomes deeply reliant on state contracts” as the U.S. government then becomes reliant on Musk. “It’s not about demolishing the government,” Slobodian says of his work with DOGE, the so-called Department of Government Efficiency that Musk led for the Trump administration. “It’s about making the government more compatible, ready for the kind of products that Musk offers, and to make him then an indispensable part of the infrastructure.” Slobodian goes on to warn that Musk’s wealth is helping to fuel his anti-immigrant, racist political ideology. “We really should be worried about the possibility of those things to live together: tech-driven prosperity and right-wing racist politics.”
How Banks Are Using the SpaceX IPO to Woo the Super Rich
Wall Street is giving its richest clients velvet rope access to this week’s public listing of SpaceX, reflecting the growing importance of the wealth management business.
What Wealthsimple’s Business Banking Push Signals About Modern Entrepreneurs
Wealthsimple's business banking expansion highlights how modern entrepreneurs are demanding faster, simpler and more flexible financial tools.
Elon Musk Is on Track to Become the World’s First Trillionaire. Here’s the Real Impact on Your Business
The SpaceX IPO has huge implications for how you lead when extreme wealth concentration is reshaping trust, culture, and your employees.
Wealth Managers Circle Defense Tech
In the South Bay, where venture-backed startups and legacy firms churn out in-demand military and space technology, wealth is ballooning. As some of the
BOSS Summit Miami Helps Owners Maximize Business Exit Value
BOSS Summit Miami brought business owners together to learn exit planning, tax strategies, wealth preservation, and M&A.
Ultrawealthy clients pay me $150,000 a year to manage their lifestyle
Roman & Erica charge their clients $150,000 to plan all aspects of their leisure and social lives and be available for requests 24/7.
13 rural hospitals in the Commonwealth at risk of closure, report finds
13 of the 36 rural hospitals in the Commonwealth are at risk of closure, according to a report from the Joint Commission on Health Care (JCHC).
Business Briefs: June 2026
Bluebird & Co. and Commonwealth Consulting Begin a New Chapter Chelsea Powers and Flannery Buchanan, the founders of Bluebird & Co., announced last month that Powers would be leaving the business to focus on other business interests as well as her growing family. Powers is an owner of Reset and Mountain Mahj and has a
Black businesses as community anchors: History, economic power, and the fight to reserve it
Black-owned businesses play a vital role in building community wealth, jobs, and opportunity. Join Brookings for a discussion on new research, business ownership parity, and strategies to strengthen Black business ecosystems.
Alix Earle Is Reportedly Joining Benson Boone’s “The Time of My Life” Video
Alix Earle’s next entertainment move may take her from TikTok, reality TV, and magazine covers into Benson Boone’s music-video world. The influencer and media personality ... Read More
More Americans own wearables, connected health devices: survey
Many adults are sharing device data with their providers too. But users are typically healthier and wealthier, suggesting people who could benefit the most from health monitoring are less likely to adopt the tools, according to Rock Health.
Small Business Development Center Growth Summit brings statewide network to Penn State
The Penn State Small Business Development Center recently welcomed professionals from 15 centers across Pennsylvania for the annual PASBDC Growth Summit, a statewide professional development event designed to strengthen the network’s ability to support entrepreneurs and small businesses throughout the commonwealth.
New York’s richest aren’t opening their wallets to stop the left
Ultra wealthy New Yorkers have yet to flex their muscle this election cycle as Mayor Zohran Mamdani plays kingmaker in key races.
Sports Is The ‘Antithesis Of AI,’ JPMorgan Expert Says, And Team Valuations Will Surge
The craze will lead to “fabulous” investment opportunities in live events, according to the bank’s Asset & Wealth Management CEO.
Luxury brands seek to lure America's AI super-rich
European luxury brands have sharpened their focus on the United States, with a surge of store openings and fashion shows to lure a new crop of wealthy shoppers enriched by the AI and tech boom and offset weak consumer confidence in the rest of the world.
More candidates are using their personal wealth to campaign than ever before. Should voters care?
All eyes are on one billionaire’s spending for governor. A CalMatters analysis shows the story may lie in the millions spent by down-ballot candidates.
Here are the top donors to S.F. politics in recent years
Wealthy donors have poured tens of millions of dollars into San Francisco politics over the last six years.
Fleeing for their futures, a California exodus unleashes a Florida 'gold rush'
California faces an unprecedented exodus as high taxes, a $31 billion deficit and a ballot-approved wealth tax push more billionaires and businesses to Florida.
Vols fall 5-4 in season-ending loss to VCU
And that’ll do it for your Tennessee Volunteers in 2026. For the first time in program history, the Vols go winless in a regional, getting shown the door by Virginia Commonwealth on Saturday afternoon in Chapel Hill 5-4. Tegan Kuhns took the mound for Tennessee, and as it turns out, that was a herculean effort […]
Commonwealth Games 'huge' for Para sport
Scottish swimmer Toni Shaw believes this summer's Commonwealth Games in Glasgow will be "absolutely huge" for the Para sport community.
AI billionaires brace for pitchforks
Tech titans are keenly aware that the politics of extreme wealth could turn dangerous fast.
Introducing Long Island Business Influencers: Accounting 2026
The professionals recognized in this year's Accounting Influencers section are not simply stewards of financial records — they are architects of the region's economic life, shaping how businesses grow, how nonprofits sustain their missions and how individuals and families build lasting wealth.
Italian Police Uncover Dead Mob Boss’s $230 Million Business Empire
When Matteo Messina Denaro died in 2023, many of his secrets died with him. That began to change with a tip about a wealthy Sicilian woman’s significant assets in a tiny European principality.
Gov. Kathy Hochul, Zohran Mamdani tax billionaires' NYC second homes
A new tax will officially hit ultrawealthy property owners with crash pads or vacation homes in New York City.
Lehigh Valley HVAC Company to Pay $300K and Revise Business Practices After AG Sunday Lawsuit for Aggressive, Deceptive Sales Practices
HARRISBURG — Attorney General Dave Sunday announced that Curtis Total Service, Inc., and two of its employees – current manager Richard Price and former HVAC field supervisor Matthew Price – have agreed to pay the Commonwealth $300,000 and significantly revise their business practices to comply with the Pennsylvania Consumer Protection Law and Home Improvement Consumer Protection Act.
How Creators Inc. CEO Andy Bachman Built the Business Behind Creator Fame
The founder and CEO shares hhow his companies are building wealth for some of the successful people on the internet.
Artist Kyle McDonald uses private jets to predict emergencies
Kyle McDonald's jet tracker exposes wealth inequality by monitoring private jets, and questions who has access to critical information.
Hong Kong overtakes Switzerland as world's top cross-border wealth hub on China ties, report shows
Hong Kong has overtaken Switzerland as the top global booking centre for cross-border wealth, a first that is unlikely to be reversed as hubs in Asia grow faster than the European safe-haven, Boston Consulting Group said on Wednesday.
Friends make snarky comments about my wealth. Hax readers give advice.
Is a mid-40s letter writer, getting snark from friends about wealth, “supposed to be embarrassed” about early career success?
FinTech Pet Care Software Kennel Connection Brings Petwealth Pet Health Diagnostics to Pet Boarding & Daycare Expo West Following Strong Industry Reception at Intergroom
MOORPARK, Calif., May 26, 2026--Kennel Connection expands its exclusive Petwealth diagnostics partnership to Pet Boarding & Daycare Expo West following strong reception at Intergroom
Texas business leader torches California’s billionaire tax push: ‘We don’t punish hard work’
Gabriela von zur Muehlen, chief policy officer for the Texas Association of Businesses, says high-tax states like California and New York are pushing wealth, jobs and investment toward Texas.
U.S. Business Leaders are Quietly Plotting Their Escape to Europe: How Will They Get There?
A growing number of wealthy Americans are exploring dual citizenship or Golden Visas in an attempt to escape the U.S. for what they consider a better life in Europe. These are the options.
Wealth Adviser Shuffle Hits Los Angeles - Los Angeles Business Journal
In Los Angeles and across the country, wealth advisers are packing up their millions or billions of client assets and heading for the door. Adviser
Semiconductor decoupling. Powell's politics. Industrializing Ogaden. Free trade and the Magna Carta.
Thank you for opening your Chartbook email. Feliks Topolski, 1907-1989 8th Army’s Front, Italy 1944 Semiconductor decoupling Source: FT One thing that Jerome Powell deeply understood is that chairing the Fed under current conditions is a deeply political job. “Powell has successes and mistakes to his name. But he stands out as having thought more carefully about the Fed’s democratic legitimacy than any chair since Paul Volcker,” said Paul Tucker, a former deputy governor at the Bank of England, referring to the Fed chair who successfully fought the great inflation of the 1970s and early 1980s. … While Powell was at the Treasury in the early 1990s, he watched Alan Greenspan build relationships within the government. That convinced Powell he needed to follow the former Fed chair’s lead and spend more time in Congress than his predecessors Yellen and Bernanke. “The accountability for the Fed runs through Congress,” said Claudia Sahm, a former Fed official who is now chief economist at New Century Advisors. “That’s not just about having people on speed dial — it’s answering questions, explaining policy and getting feedback.” Source: FT Ethiopia’s PM Abiy and Nigerian business tycoon, with Chinese engineering, are driving industrialization in Ogaden/Somali region of Ethiopia. - Michael Masri’s reporting for Africa Report if fascinating. Ethiopia has launched a cluster of large industrial schemes in the Somali region, laying foundation stones for a urea plant and an oil refinery in Gode while opening the first two phases of the Ogaden LNG project. Abiy Ahmed framed the push as part of a broader strategy to link energy, agriculture and industry. “These projects embody more than industrial growth,” he said. “They represent our shared responsibility to harness opportunities, strengthen co-operation and promote peace.” The Gode urea plant, backed by Dangote Group and Ethiopian Investment Holdings (EIH), is designed for 3m tonnes a year. Dangote owns 60%, while EIH holds 40%. Officials say Dangote’s equity totals about $2.5bn, while the state provides land and implementation oversight. Gas from the Calub fields will be piped 108km to the site. Construction is slated for 40 months, with operations targeted for 2028. Ethiopia imports most of its fertiliser, spending more than $1.2bn a year for 1.5m–2m tonnes. Usage was roughly 1.7m tonnes in 2023, almost half of it urea, and demand for 2024–25 is put above 2.4m tonnes. If delivered on time, the Gode plant could cover domestic needs and allow exports to neighbours. Brook Taye, chief executive of EIH, called the venture “a significant milestone in the journey toward industrial self-sufficiency”. Dangote told the groundbreaking crowd that the complex would be integrated with gas supply and a polypropylene unit to support local inputs. He pointed to Ethiopia’s Grand Ethiopian Renaissance Dam (GERD), with a capacity of more than 5,000MW, and noted his group’s cement operations and expansion plans. The Gode refinery is being developed by Golden Concord Group of China. It is designed to process 3.5m tonnes a year of crude and condensate from the Hilala field, with associated storage. Backers say it will ease foreign-exchange pressure from fuel imports and anchor further industrial activity, including a proposed steel smelting site in Dire Dawa. GCL’s chair, Zhu Gongshan, cast the project as “a key step in Ethiopia’s path to energy sovereignty”, underscoring the Beijing–Addis ties. Financing details are still being finalised, but the refinery is central to the government’s energy-security narrative. Source: The Africa Report Dangote’s Ethiopian vision: Dangote began with cement. His crown jewel, Dangote Cement, dominates Nigeria’s market and has 10 operations in other nations in Africa. The formula has been consistent: identify sectors with chronic shortages – cement, fertiliser, sugar – commit massive local investments, and scale up to serve regional demand. Ethiopia was a natural extension of that model. In 2015, Dangote launched the Mugher Cement Plant outside Addis Ababa at a cost of $600m, with an annual capacity of 2.5 million tonnes. The investment gave him a firm foothold in one of Africa’s fastest-growing construction markets. But success came with risks. In May 2018, violent unrest led to the killing of Dangote’s country manager and temporary shutdowns at Mugher. While other investors might have retreated, Dangote doubled down. Today, he is preparing to spend $400m to expand Mugher’s capacity to 5 million tonnes, alongside a new grinding unit near Addis Ababa. Cement is just one market Dangote is targeting. Ethiopia’s enormous state-controlled sugar industry, long plagued by inefficiency and debt, has struggled for years to reform. Its Omo Kuraz Sugar Development Project, touted as one of the continent’s largest initiatives, continues to face delays and mismanagement. … The most ambitious venture of all is the planned fertiliser production complex in Gode, Somali region. Publicised on 28 August 2025, the Dangote Group and Ethiopian Investment Holdings (EIH) deal plans one of the world’s largest single-site urea manufacturing plants. The project costs an estimated $2.5bn and has an estimated capacity of 3 million metric tonnes annually, a rate that would not only render Ethiopia independent, but even a net exporter of fertiliser. EIH, the state wealth fund of Ethiopia, will hold 40%, while 60% is held by Dangote Group. … For Dangote, Ethiopia is a trifecta: Cement demand is projected to grow by 10% annually, its sugar consumption is growing with rapid urbanisation, and fertiliser demand is all but insatiable, given that farming supports the livelihood of 70% of Ethiopians. Source: The Africa Report The stakes for Abiy are high: For Addis Ababa, the $4bn fertiliser project in Ethiopia’s Somali region is no longer simply a manufacturing investment. It is increasingly being framed as a strategic state project tied to food sovereignty, import substitution and the government’s broader attempt to build economic resilience under mounting fiscal pressure. “Becoming self-sufficient in food is our main agenda,” Abiy says during the visit. “Land is needed; we have it. Water is needed; we have it. Human resources are needed; we have it.” The scale is enormous even by African industrial standards. Once operational, the plant is expected to produce three million metric tonnes of urea annually, potentially making it one of the continent’s largest fertiliser complexes. Ethiopian officials say the project now includes a 110km gas pipeline, a 120MW power plant, a polypropylene packaging facility and a two-million-tonne NPK blending plant. For a government grappling with chronic foreign exchange shortages, ballooning import bills and pressure on agricultural productivity, the numbers matter politically as much as they do economically. The decision to anchor the project in Gode is deliberate. Long viewed as peripheral to Ethiopia’s industrial economy, the Somali region is now being repositioned by the federal government as a future irrigation and agro-industrial corridor. Officials argue that the area’s vast land reserves and access to water could eventually support large-scale commercial farming capable of reshaping Ethiopia’s food economy. The government is simultaneously building housing infrastructure for about 5,000 residents near the plant, while officials project broader industrial expansion along the corridor. Abiy goes further, comparing the long-term revenue potential of the Gode development zone with Ethiopia’s flagship state enterprise. “The investments we are making in this Gode area, combined, will generate high revenue for Ethiopia, at par with Ethiopian Airlines,” he says. Source: The Africa Report Feliks Topolski 1907-1982 Topolski’s Chronicle, ‘Nazi Revival’, Vol. 8, Is. 1-2, 1960 HEY READERS, THANK YOU for opening the Chartbook email. I hope it brightens your day. I enjoy putting out the newsletter, but tbh, what keeps this flow going is the generosity of those readers who clicked the subscription button. Photo by Jakub Dziubak on Unsplash If you are persuaded to click, please consider the annual subscription of $50. It is both better value for you and a much better deal for me, as it involves only one credit card charge. Why feed the payments companies if we don’t have to. Subscribe Grim vision of drone warfare by Sylvie Kaufmann For contributing subscribers only. Subscribe The state of the art in Colbert-studies. Jean-Baptiste Colbert was Louis XIV chief minister from 1661 to 1683 and traditionally seen as an architect of absolutism and mercantilism. Alexander Hamilton later cited him as an inspiration in 1782. Now his legacy is disputed. Daniel Dessert, the chief critic, sees Colbert as the orchestrator not so much of an absolutist state as of an elite cabal. Would be great to have a good English-language review of this important debate. Source: lhistoire Didn’t know that the Magna Carta included free trade provisions Fighting for the right to the beach in Oregon in 1967: Source: Research Gate RAF Station – British and Polish Flags, c. 1940-45, The Ingram Collection Feliks Topolski, 1907-1989 ink and wash If you’ve scrolled this far, you know you want to click: Subscribe
What Norway’s dominance at the Winter Olympics can teach us about youth sports
The country’s focus for young people on ‘the joy of sport’ leads to much higher participation rates – and lots of Olympic gold Barry Finegold, CommonWealth Beacon EVERY CYCLE OF the Winter Olympics brings a familiar but uncomfortable storyline: The United States, with its vast population, enormous resources, and deep
I teach wealth management. Avoid these spending traps to save money.
Eton Solutions CEO Rob Mallernee, who teaches private wealth management, has advice for saving money. It starts with reconsidering that $4 coffee.
Private jet travel boom: Where and how the wealthy are flying
Private jet usage is exploding and is reshaping luxury travel trends, from $80 million aircraft to billionaires' habits.
Millions of business owners are about to retire. They should sell to their employees
A once-in-a-generation wealth transfer is underway. There's a bipartisan tool to ensure that transition builds broader prosperity.
Poppi's cofounders on building $2 billion business, navigating wealth
Allison and Stephen Ellsworth took big risks and made sacrifices to build Poppi. They're determined not to let their wealth spoil their children.
Citi to boost Asia wealth business with 'significant' hires, global head says
Citigroup plans to allocate a significant portion of its global wealth management hiring to Asia, where its private bank is growing faster and generating higher productivity than in other regions, the bank's global wealth head Andy Sieg said.
The Politics Hour: A tightening D.C. Mayor's race and Virginia Governor Spanberger's vetoes
City Cast DC's Michael Schaffer talks a tightening mayor's race and VA Del. Paul Krizek on why retail cannabis is stalled again in the Commonwealth. Plus, Prince George's County Councilmember Jolene Ivey.
Rich already being taxed properly, says minister, as Streeting calls for ‘wealth tax that works’– UK politics live
Treasury’s Lucy Rigby says Rachel Reeves introduced measures in her first budget as Streeting calls for capital gains rates to be aligned with income tax
Where do citizen science data come from?
Citizen science projects are playing an increasingly important role in ecological and conservation research worldwide. In these programs, members of the public support researchers by submitting photographs, audio recordings, observations, or even by contributing to data analysis. In Hungary, no fewer than 17 such initiatives combined their datasets in a joint study. The authors aimed to understand which socio-economic and environmental factors influence participation patterns in Hungary. By comparing the spatial distribution of citizen science data with an independent administrative dataset (municipality level data on income, education, demography, density and protected areas), the researchers identified several general trends as well as numerous project-specific relationships. For example, they found more per capita observations from municipalities with higher proportions of protected natural areas and lower population densities. Furthermore, excluding Budapest, the capital, both the proportion of people with diplomas and the proportion of elderly people showed a positive correlation with participation activity. In contrast, no consistent general pattern emerged regarding wealth or the proportion of children, although several project-specific relationships were observed. The study not only reveals how citizen science data are distributed across Hungary, but also provides robust support for the view that various biases must be taken into account when analyzing such data. The authors hope that their findings will help researchers in other countries design more effective projects and produce more accurate analyses by accounting for some of these or similar biases.
Jeff Bezos calls Amazon’s documentary about Melania Trump ‘a good business decision’
Jeff Bezos, Blue Origin founder and Amazon executive chair, joins 'Squawk Box' to discuss the wealth disparity in America, addressing the affordability gap, the controversy surrounding Amazon’s documentary about Melania Trump, and more.
Why Owning a Sports Team Is the Ultimate Status Symbol
For the ultrawealthy, boats or jets are yesterday’s toys. Derek C. Blasberg digs into the last bastion of status for a well-moneyed few.
Business Starts for May 18, 2026
In February, 993 new businesses filed incorporation paperwork with the Massachusetts Secretary of the Commonwealth, in order to do business in the state.
Former Gov. Christine Gregoire blasts WA Democrats’ tax strategy, warns businesses will leave state
Former Washington Gov. Christine Gregoire is publicly breaking with many fellow Democrats over the state’s tax-and-spending strategy, warning lawmakers they risk driving businesses and wealthy residen...
Why quiet luxury is giving way to loud, tacky wealth
From Lauren Sánchez to the gold-plated Oval Office to "Mar-a-Lago face," America's elite are embracing louder, flashier displays of wealth.
The Iran War Is Crippling One of the World’s Wealthiest Nations
Iranian attacks have paralyzed Qatar’s vital gas exports and are stalling the tourism and business pivots that were intended to anchor its future growth.
From leadership to succession, executive courses target wealthy families
Short business school programmes are helping scions prepare, moving into territory dominated by banks and advisers
Intercept Health Treatment Foster Care hold event to bring awareness to foster care in Roanoke
On Saturday, Intercept Health’s Treatment Foster Care Team came together in Roanoke to raise awareness of the need for more foster parents in the commonwealth - especially for teens.
She Said No and Tried To Walk Away. He Stomped on Her Head. His Mother Called Her the Bully
The video leaves little to interpret. On Monday, April 20, a 15-year-old girl was walking on a sidewalk in East Harlem when a 14-year-old boy ... Read More
I've advised ultrawealthy families for decades: 4 ways they stay rich
The CEO of a wealth management software company said hundreds of good decisions over many years is what preserves riches.
Even Trump Is Trapped by Gas Prices
The price of gas is the most powerful number in US politics, prediction markets are a tax on suckers, and the great wealth transfer includes $570 billion in classic cars.
The rise of the progressive billionaire candidate
Why some on the left are feeling warmly toward Tom Steyer and other very wealthy contenders.
Brookfield Corp. to merge with insurance arm in simplification push
The parent moves to fold its listed wealth solutions affiliate back into the mothership
Reform donor and crypto billionaire Christopher Harborne takes sixth place in UK Rich List as wealthiest people grow richer
Rolling coverage of the latest economic and financial news
Trials, Traitors and $16.5 Billion Extra Cash: AI Reshapes Wealth, Politics and Budgets in California
The artificial intelligence boom is minting fortunes, shifting political careers and helping balance state budgets.
Druski’s Wild BET Awards Promo Explains Exactly Why BET Chose Him as Its Youngest Host Ever
Druski is not promoting the 2026 BET Awards like a traditional awards-show host. He is turning the entire rollout into a comedy universe built around ... Read More
Former NYPD chief launches NYC mayoral bid, promises ‘truth’ over politics
Retired NYPD Chief of Department John Chell joins ‘Mornings with Maria’ to sound off on NYC Mayor Zohran Mamdani’s budget, warn on taxing the wealthy, and weigh in on crime, protests and NYPD-ICE tensions.
NY Real Estate, Business Groups Lobby to Defang Second Home Tax
New York’s real estate and business communities are viewing a proposed tax on second homes as the first step in a multi-year push to raise taxes on wealthy residents.
From marketing to wealth management, financial services leader draws on family business background
This week's Up-and-Comer is Jordin Edwards, wealth management services relationship manager at First Bank & Trust.
LHU student revolutionizing stream restoration with rock-powered science
Natalie Brown kneels beside a humming wet lab setup at Commonwealth University-Lock Haven, calipers in hand, measuring the promise of Pennsylvania’s streams. The master’s candidate in biology regularly tests how everyday rocks could supercharge freshwater mussel recovery in the West Branch Susquehanna River, blending her geology roots with cutting-edge experiments. Her work is directly supporting […]
Virginia recognizes School Nurse Appreciation Day at the State Capitol - Virginia Department of Health
Virginia officials, school nurses, and public health and education leaders gathered on the steps of the Virginia State Capitol on May 6 to recognize School Nurse Appreciation Day and honor the important role school nurses play in supporting student health and learning across the Commonwealth. Held during National Nurses Week, the proclamation ceremony included representatives […]
Democrat James Talarico, running for Senate to get money out of politics, attracts ultra-wealthy backers
Talarico says he’d like to get rid of political action committees like the one supporting him.
‘Population autopsy’ finds the US with more avoidable deaths than other wealthy countries
The United States appears to be leading all high-income countries in an unfortunate, distinctly undesirable statistical category.
Lawyers for the global elite aren’t buying Trump’s gold card visa
Even Melania’s former lawyer is warning people away from Trump’s program designed to make immigration easier for the wealthy.
Meet Goldman’s athlete whisperer: the woman who stands guard against $1 billion of fraud targeting sports fortunes
Nicole Pullen Ross has advised the ultrawealthy for 26 years at Goldman Sachs. She talked to Fortune about working in sports and seeing a number get retired.
NYC's pied-a-terre tax is 'political theatre,' CEO explains why
CEO of Empire State Properties Suzanne Miller joins 'Varney & Co.' to discusses New York City's pied-a-terre tax and the impact on the city's real estate and wealthy.
NYC business owner kickstarts million dollar campaign to combat Mamdani-driven business exodus
Andrew Murstein pledges $1 million for Operation Boomerang, an effort to lure businesses back to NYC amid Mayor Mamdani's policies targeting the wealthy.
Virginian from hantavirus cruise ship is home, under public health monitoring
Passengers who were aboard the cruise ship at the center of the deadly hantavirus outbreak are now back in the U.S., and one passenger is in Virginia. For privacy reasons, the Virginia Department of Health is not releasing many details about the passenger who was on that ship, including what part of the commonwealth that person is from. That person is…
Atlanta Startup BD4 Builds Business Development Platform for Attorneys, Consultants, and Wealth Managers
Founded by Atlanta entrepreneur Gregg Bedol, BD4 helps attorneys, consultants, wealth managers, and other professionals manage relationship-driven business development.
OnlyFans Owner’s Wife Takes Control of Business After His Death
Leonid Radvinsky’s widow has surfaced as a beneficiary of the business empire behind adult-content platform OnlyFans, the latest example of “sideways” inheritances through rich individuals passing wealth to their spouses.
See life inside the inside Miami neighborhood attracting billionaires
Coconut Grove is the trendiest neighborhood in Miami for billionaires moving to the city. See its evolution from hippie enclave to a wealth magnet.
How Anthropic’s Mythos has rewritten Firefox’s approach to cybersecurity
Security researchers at Mozilla say Anthropic's Mythos has unearthed a wealth of high-severity bugs in Firefox.
Business Briefs: May 8, 2026
Amy Watts joins Greenfield Savings Bank’s wealth management team GREENFIELD — Greenfield Savings Bank has announced that Amy Watts has joined its wealth management team as a vice president and financial advisor, bringing a relationship‑centered, accessible approach to financial planning. Watts, who is now available to meet with clients, is a certified financial planner practitioner, financial […]
From cricket’s capital to Olympic ambitions, India’s next play on the world sports stage
India is expanding its influence in international sports, with the 2030 Commonwealth Games set for Ahmedabad and a bid for the 2036 Olympics in the same city
Mamdani’s tax the rich slogan is ‘just as hateful’ as racial slurs, New York real estate titan says
No one likes higher taxes. But New York City Mayor Zohran Mamdani’s plan to tax wealthy residents’ second homes has elicited a highly emotional response from two of the city’s richest.
FBI raids Sen. Louise Lucas’ Portsmouth office, cannabis business
Federal agents on Wednesday morning raided the Portsmouth office of state Sen. Louise Lucas, one of Virginia’s most powerful Democratic lawmakers, with multiple news outlets reporting an extensive law enforcement operation that included FBI agents, SWAT teams and court-authorized searches tied to several locations across the commonwealth.Fox News, who was first to report the news, said the FBI executed search warrants at several sites, including Lucas’ legislative office in Portsmouth. Staffers inside the building were ordered outside and were not allowed to re-enter as agents searched the premises. Witnesses saw federal agents carrying boxes out of the building.
Scientists just discovered Africa is closer to breaking apart than we thought - Futura-Sciences
The Turkana Rift in East Africa is well-known for its wealth of early human fossils and its intense volcanic activity, caused by tectonic plate movements. Now, scientists report that the crust beneath this region has thinned far more than we previously understood, signaling the long-term breakup of the African continent...