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New York's Millionaire Exodus Is Costing Billions In Lost Revenue

New York's Millionaire Exodus Is Costing Billions In Lost Revenue Mayor Zohran Mamdani stood outside Ken Griffin's $238 million Manhattan penthouse in April and declared victory. "When I ran for mayor, I said I was going to tax the rich. Well, today we're taxing the rich," he said in a social media video marking the debut of New York City's first pied-à-terre tax, an annual fee on luxury properties worth more than $5 million whose owners do not live in the city full time. He promised the tax would raise...
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Apr 5, 2026 / Tyler Durden
Long-Term Social Media Use Linked to Depression, Self-Harm in Young People: Study
Long-Term Social Media Use Linked to Depression, Self-Harm in Young People: Study Authored by Jerry Zhu via The Epoch Times, An Australian-led study has found children and teenagers who spend more time on social media are more likely to experience depression, self-harm, substance use, and lower achievement later in life. Published in JAMA Pediatrics, the systematic review examined data from 153 studies consisting of over 350,000 children and adolescents aged between 2 and 19 years, for up to two decades. “The strongest pattern we saw was between social media use and later problematic...
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Mar 1, 2026 /
Trump Says There Will Likely Be More US Soldiers Killed in War with Iran
In an address, President Donald Trump said that three American soldiers had been killed by Iranian attacks, and there “will likely be more.” President Trump said that three American troops had died in the Middle East. He continued, “Sadly, there will likely be more. Before it ends, that’s the way it is. America will avenge […]
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Sep 5, 2026 / Tyler Durden
Alarm Bells Ring As Global Food Prices Hit 2022 Highs, Perfect Storm Stokes New Inflation Shock
Alarm Bells Ring As Global Food Prices Hit 2022 Highs, Perfect Storm Stokes New Inflation Shock The United Nations Food and Agriculture Organization's global food-commodity index climbed in August to its highest level since 2022, with the index now gaining momentum to the upside. The upside reinforces warnings from several major Wall Street desks, which we have covered extensively, that global food shortages could materialize next year. The United Nations Food and Agriculture Organization's (FAO) Food Price Index, which tracks monthly changes in the international prices of a basket of globally...
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