Article
California's Billionaire Tax May Cost More Than It Raises, Reports Find
California's Billionaire Tax May Cost More Than It Raises, Reports Find
Authored by Thomas Savidge via The Daily Economy,California voters will decide on Proposition 40, a proposal for "a one-time 5-percent tax on the worldwide net worth of individuals exceeding $1 billion," this November.The measure's obligation reaches backward to January 1, 2026, so any billionaire who was a California resident this year could owe a tax on the value of covered assets on December 31, 2026. Californians are essentially being asked to approve a tax whose residency trigger has already...
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Sep 30, 2026 / Tyler Durden
French President Macron's Approval Rate Hits Record Low As Fuel Crisis Worsens
French President Macron's Approval Rate Hits Record Low As Fuel Crisis Worsens
Via Remix News,
The popularity of French President Emmanuel Macron and his prime minister, Sébastien Lecornu, has plummeted due to the ongoing fuel crisis, BFMTV reports, citing a poll conducted by Odoxa-Mascaret for the online broadcaster Public Sénat and regional media.
The poll was conducted last week, ahead of Emmanuel Macron's speech on rising fuel prices.
The French president's approval rating has fallen to a historic low of just 18 percent. That is a decrease of as much as 7 percentage...
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May 19, 2026 / Tyler Durden
Berkshire Trolls The AI Bubble By Buying Macy's
Berkshire Trolls The AI Bubble By Buying Macy's
Submitted by QTR's Fringe Finance
For the better part of the last year, Wall Street has behaved like a teenager who just discovered Red Bull and leverage at the same time. Anything remotely tied to artificial intelligence has soared into the financial stratosphere.
Startups with no revenue, no profits, and occasionally no actual product are raising millions or billions because their founders can say the words “large language model”. Public company CEOs now jam “AI” into earnings calls with the same shamelessness that “trendy” gastropubs have...
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Oct 25, 2026 / Dave DeCamp
Iranian Army Says It Shot Down US LUCAS Drone That Was Flying Over Southern Iran
The Iranian Army said on Sunday that its forces shot down a US LUCAS drone over the southern Iranian port city of Bandar Abbas, an incident that comes as the US and Israel appear poised to launch another round of major strikes against Iran. So far, the US hasn’t confirmed losing a LUCAS and hasn’t […]
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