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Newsom Scrubs '$100 Million' Slippery Slope From National 'Billionaire Tax' Pitch - And He's Coming After Inheritance Too
Newsom Scrubs '$100 Million' Slippery Slope From National 'Billionaire Tax' Pitch - And He's Coming After Inheritance Too
California Governor Gavin Newsom (D) on Friday called for a national tax on billionaires. Except, in the original version, it was anyone with a net worth of at least $100 million - as quoted by multiple outlets, citing a post from Newsom's Substack account.
As originally reported by Politico:
His plan to address the country’s yawning wealth gap includes “a true minimum tax on billionaires and those with a net worth of $100 million” and creating a national public...
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Jun 23, 2026 / Tyler Durden
Meta Developing Prediction Market App Called "Arena" To Compete With Polymarket, Kalshi
Meta Developing Prediction Market App Called "Arena" To Compete With Polymarket, Kalshi
The company formerly known as Facebook which has yet to change its name from the terribly outdated Meta to something more AI-related, even if Meta has so far lost any hope of being a leading frontier model, is developing a new app called “Arena” that mirrors a prediction market platform to compete with the runaway success of Polymarket and Kalshi, according the New York Times.
The product - which would operate independently from Facebook and Instagram - would allow...
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Mar 3, 2026 / Jason Ditz
Evacuations Soar as Israel Launches New Ground Invasion of Lebanon
A growing number of civilians are flooding out of towns and villages in southern Lebanon over the past 48 hours. Some 30,000 civilians were displaced already Monday, and the number is expected to grow markedly as Israeli troops launched a new ground invasion of the country. Israel had ordered evacuations in several locations in Lebanon […]
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Jun 22, 2026 / Tyler Durden
Colombian Bonds, Stocks Rise As Trump-Backed "El Tigre" Defeats Socialist Rival
Colombian Bonds, Stocks Rise As Trump-Backed "El Tigre" Defeats Socialist Rival
Summary:
Colombian Bonds, Stocks Rise as Right-Wing, Trump-Backed Espriella Wins Vote
Trump-Backed "El Tigre" Wins Colombia Presidency As Socialist Era Ends
Colombian Assets Rise After Trump-Backed Candidate Wins Presidential Election
Colombian-dollar bonds surged across the curve on Monday, led by notes due in 2054, as traders bet that right-wing Abelardo de la Espriella's presidential win will cut taxes, reduce spending, crack down on crime, and reopen the oil industry to unleash an energy revolution.
The streets of Bogotá have erupted in celebration after it...
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