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For the first time in the history of the United States, billionaires had a lower effective tax rate than working-class Americans. Opinion Guest Essay Make Billionaires Pay (Their Taxes)Until recently, it was hard to know just how good the superrich are at avoiding taxes. Let’s agree that billionaires should pay income taxes equivalent to a small portion — say, 2 percent — of their wealth each year. Billionaires who already pay the baseline amount of income tax would have no extra tax to pay. The idea that billionaires should pay a minimum amount of income tax is not a radical idea.

Persons: Emmanuel Saez, Gabriel Zucman, we’ve, Demetrio Guzzardi, Jeff Bezos, Bezos, Berkshire Hathaway, Warren Buffett, Elon Musk, Bernard Arnault, Arnault’s, Arnault, Reagan, Critics, haven’t, Biden Organizations: Government, Social Security, European Economic Association, Institut des Politiques, Economic, Amazon, Elon, Twitter, Shepard, Getty, Trump, Internal, Abaca, New York, Facebook Locations: United States, Netherlands, States Netherlands Italy France, Italy, France, Tesla, LVMH, America, Europe, Sweden, Germany, Switzerland, U.S, Brazil, South Africa, Spain

☆ How using the 14th Amendment against Trump went from a ‘pipe-dream fantasy’ to the Supreme Court
▼ + stars: | 2024-02-06 | by ( Marshall Cohen | ) edition.cnn.com time to read: +19 min

‘A sheer coincidence’The journey to the Supreme Court unknowingly began even before the insurrection itself. (In the Cawthorn case, the group partnered with a retired GOP state Supreme Court justice.) CREW appealed to the Colorado Supreme Court, whose members were all appointed by Democratic governors, though they originate from a pool of candidates recommended by a bipartisan panel. Trump appealed the Colorado ruling to the US Supreme Court in early January and oral arguments are set for Thursday. “It’s embarrassing, and it shows the imbalance on our state Supreme Court,” Buck told CNN.

Persons: Donald Trump, “, –, Marjorie Taylor Greene, Madison Cawthorn, coalescing, ”, Donald Sherman, Gerard Magliocca, ” Magliocca, United States …, Trump, Donald Trump’s, Jack Dempsey, Mitch McConnell, ” He’d, hadn’t, James Bopp, Greene, didn’t, Ron Fein, resoundingly, Bopp, ” Fein, Couy Griffin, ” Sherman, Griffin, ” Griffin, Trump’s, William Baude, Michael Stokes Paulsen, J, Michael Luttig, ‘, Sherman, Winston Pingeon, Pingeon, Sarah Wallace, ” Donald Sherman, State Jena Griswold, FDR, Norma Anderson, “ I’ve, Wallace, Magliocca, disqualifying Trump, Carlos Samour, vindicating, Ken Buck, Ken Buck of Colorado, denialism, Buck, ” Buck, …, ” CNN’s Scott Bronstein Organizations: Washington CNN, Trump, Liberal, Rep, Madison, Citizens, Indiana University, United, Capitol, AP Police, National Guard, Republican, Republicans, GOP, Amnesty, ”, Cowboys, Trump Republicans, Federalist Society, Colorado Supreme, US Capitol Police, Responsibility, Ethics, Abaca Press, Colorado, State, Colorado Legislature, Court, Democratic, Dissenting, US Supreme, Supreme, CNN Locations: Colorado’s, Colorado, Thursday’s, America, Washington, United States, DC, Colorado and Maine, Marjorie Taylor Greene of Georgia, North Carolina, Cawthorn, Georgia, New Mexico, Denver, “ Colorado, Israel, Michigan, Minnesota, Washington ,, Dissenting Colorado, Oregon, Illinois, Ken Buck of

☆ The best things to experience in Saudi Arabia according to the people who know it
▼ + stars: | 2024-01-26 | by ( Selina Julien | ) edition.cnn.com time to read: +10 min

CNN —Closed to tourists until recently, Saudi Arabia is still an unknown quantity for many would-be travelers. Omran is also hopeful visitors will explore destinations across Saudi Arabia. Saudi Tourism Authority“You can’t talk about islands in Saudi Arabia without talking about a new tourist favorite, but a treasured local one, Al Nawras Island,” Saudi professional boxer Ziyad Almaayouf tells CNN. “What I love most about Al Nawras Island, isn’t the island itself, but the waters surrounding it,” he adds. The resort on the Red Sea coast is often promoted as “the Maldives of Saudi Arabia,” offering water sports and cultural experiences.

Persons: Lojain Omran, Omran, ”, Al Balad, Mai Eldib, Hajj, ” Eldib, Jeddah’s, “ It’s, ” Al, Ziyad Almaayouf, ” Ziyad, Ziyad, “, Mishaal Ashemimry, Mishaal, Tamtam, Reem Altamimi, Al Zal, Ba’a, Hatem Alakeel, Authenticite, “ Diriyah, Umluj, ” Tasneem Organizations: CNN, Netflix’s, Saudi Tourism Authority, MISHAAL Aerospace, Abaca, Saudi Locations: Saudi Arabia, Saudi, Netflix’s UAE, Al Balad, Al, Jeddah, Mai, ” Al Nawras, Nawras, Al Nawras, California, “, Unaizah, Riyadh, ”, Souk Al Zal Souk Al Zal, USA Riyadh, Al Zal, Riyadh’s Al Dirah, Los Angeles, Maldives

☆ Brunei comes to a standstill for royal wedding of Prince Abdul Mateen
▼ + stars: | 2024-01-15 | by ( Heather Chen | ) edition.cnn.com time to read: +5 min

CNN —Life in the tiny oil-rich kingdom of Brunei came to a standstill Sunday for a grand royal wedding attended by heads of state and royals from Bhutan and Middle Eastern countries, the highlight of 10 days of celebrations. The lavish ceremony saw Prince Abdul Mateen, the tenth child and fourth son of Brunei’s Sultan Hassanal Bolkiah, wed his long-time partner, Yang Mulia Anisha Rosnah, the granddaughter of a royal adviser. Mohd Rasfan/AFP/Getty ImagesThe 32-year-old prince, a British-trained and educated military officer in the Brunei Royal Armed Forces who’s sixth in line to his father’s throne, has become the modern face of Brunei’s royal family. Iqbal Selamat/AFP/Getty ImagesThe royal wedding at Brunei's Istana Nural Palace. To Their Majesties Sultan Hassanal Bolkiah and Queen Raja Isteri, our warmest congratulations on this happy occasion.”Prince Mateen kneels before his father, Sultan Hassanal Bolkiah, after the solemnization ceremony.

Persons: Prince Abdul Mateen, Brunei’s, Brunei’s Sultan Hassanal Bolkiah, Yang Mulia, Rosnah, Nurul Iman, Bandar Seri Begawan, Mateen, Mohd Rasfan, Michael Jackson, Britain’s, Prince Charles, Teh Firdaus, –, Iqbal Selamat, Lee Hsien Loong, Hassanal Bolkiah, Raja Isteri, ” Prince Mateen, Sultan Hassanal Bolkiah, Mateen’s, Hassanal Organizations: CNN, Nurul, Royce, Getty, Brunei Royal Armed Forces who’s, Abaca Press, United Arab, Singapore Prime, AP, of Defense Locations: Brunei, Bhutan, Middle, Brunei’s Sultan, Bandar Seri, Bandar Seri Begawan, AFP, British, Malaysian, Nural, Saudi Arabia, Jordan, United Arab Emirates, Malaysia, Indonesia, Philippines, Borneo, Britain

☆ Jack Ma backs off on plans to sell Alibaba shares after stock plunge
▼ + stars: | 2023-11-23 | by ( Michelle Toh | ) edition.cnn.com time to read: +3 min

Hong Kong CNN —Jack Ma has put off plans to sell hundreds of millions of dollars worth of Alibaba shares after the Chinese tech giant’s stock plummeted last week. Two regulatory filings from last Thursday revealed that Ma had been looking to offload 10 million shares, worth nearly $871 million. Ma believes that the Hangzhou-based firm’s stock “is currently significantly lower than Alibaba’s actual value, and he will not sell it,” she said. Alibaba co-founder Jack Ma. Since then, the entrepreneur has kept a relatively low profile while remaining an Alibaba shareholder.

Persons: Jack Ma, Ma, Jane Jiang Fang, Alibaba, Alibaba’s, Jiang, ”, Joe Tsai, Henri Szwarc, Ma’s Organizations: Hong Kong CNN, CNN, JC Properties, JSP Investment, Abaca, South China Morning Post, Hong Kong, Alibaba Locations: China, Hong Kong, Alibaba, New York, Hangzhou

☆ Russian Court Rejects Appeal of WSJ Reporter’s Detention
▼ + stars: | 2023-06-23 | by ( Wall Street Journal | ) www.wsj.com time to read: 1 min

Titanic Submersible Still Missing, Search Efforts Continue Rescuers are racing against time to find five people who are missing after a submersible disappeared while on an expedition to the remains of the Titanic shipwreck. Photo: OceanGate/Abaca Press/Zuma Press

Persons: Abaca Press Organizations: Abaca, Zuma

☆ Who Are the Five People Aboard the Missing Titanic Tourist Submersible? What We Know So Far
▼ + stars: | 2023-06-20 | by ( Saeed Shah | Joanna Sugden | ) www.wsj.com time to read: 1 min

The search involving aircraft and surface vessels was intensifying in an area about 900 miles off Cape Cod, Mass., in water about 13,000 feet deep, to find the craft. An undated photo of the Titan. OceanGate/Abaca Press/Zuma Press

Persons: Abaca Press Organizations: Abaca, Zuma Locations: Cape Cod

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