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☆ The U.S. is the top country for millionaires and billionaires
▼ + stars: | 2024-03-22 | by ( Robert Frank | ) www.cnbc.com time to read: +3 min

The U.S. has rapidly overwhelmed China as the world's top spot for millionaires and billionaires, according a new report. Over the past five years, the population of millionaires in the U.S. has grown 35%, nearly twice as fast as China's. The U.S. is now home to 37% of the world's millionaires, up from 35% in 2018. A net 13,500 Chinese millionaires left China in 2023, marking a new record. Luxury sales in the U.S. last year totaled $80 billion, to China’s $52 billion, Bain found.

Persons: Robert Frank, Dominic Volek, Henley, Bain, Volek Organizations: Henley & Partners, Henley, U.S, UBS, Art Basel, Bain, Luxury Locations: U.S, China, Asia, Europe

Donald Trump. "It's time for Republicans in the Congress to show a little courage, to show a little spine ... to make it clear to the American people that they work for them," Biden added, pleading for passage of a bill Republicans had warmed to until Trump campaigned for its defeat. With the economy strong and inflation stabilizing, Republicans have shifted their attacks on Biden to the border problem, an issue that could be especially damaging to Biden in battleground states like Arizona. House Speaker Mike Johnson, Louisiana Republican, declared the bipartisan Senate bill "dead on arrival." Once the GOP-run House signaled it would not even consider the package, Senate Republicans started to jump ship, making it unclear whether the upper chamber would even consider the package their own members negotiated on a bipartisan basis.

Persons: Donald Trump, Joe Biden, Biden, Trump, Vladimir, Putin, Mike Johnson, He's, Sen, Chuck Schumer, Mitch McConnell, we're, McConnell Organizations: United, GOP, White, Republicans, Trump, MAGA Republican, Capitol, Louisiana Republican, New, New York Democrat, Kentucky Democrat Locations: Ukraine, United States, Arizona, Israel, Gaza, Louisiana, New York, Kentucky, ”

“His response to me was, ‘I’ve given you leverage now to make a better deal,’” recalled DeMastus, who supports some form of a federal ban but isn't ruling out backing Trump even if he doesn't. 2 in part because of his credibility with social conservatives, has declared that every Republican running for president should endorse, at a minimum, a federal abortion ban 15 weeks into pregnancy. Ron DeSantis, who often answers questions about a federal ban by saying his state recently passed a ban on abortion after six weeks of pregnancy. Trump maintains that even some anti-abortion activists believe the six-week ban — before many women even know they’re pregnant — is too harsh. The country’s leading anti-abortion group, Susan B. Anthony Pro-Life America, wants GOP presidential candidates to advocate for a 15-week federal ban.

Persons: — Donald Trump, he's, Roe, Wade, Trump, Mike Pence, He's, ”, Steve Scheffler, “, Joe Biden, Donald Trump, who’s, MAGA, Ammar Moussa, Tudor Dixon, Dixon, Gretchen Whitmer, Mike DeMastus, ‘, ’ ”, DeMastus, Pence, Carolina Sen, Tim Scott, Nikki Haley, Vivek Ramaswamy, Ron DeSantis, —, Susan B, Anthony Pro, Marjorie Dannenfelser, ” Trump, Steven Cheung, Trump's, aren't, Kim Lehman, Lehman, Timmaraju, they’ll, ” Timmaraju, Marlys, Jill Colvin, Sara Burnett Organizations: DES, Republican, White, GOP, Iowa Faith, Freedom Coalition, Republican National Committee, Family Research Council, America's Leadership, Coalition, Voters, MAGA Republicans, Michigan, Michigan Democratic Gov, Trump, Florida Gov, America, RNC, NARAL, Associated Press Locations: DES MOINES, Iowa, U.S, lockstep, Washington, Des Moines, South Dakota, Kansas, Ohio, York, Carolina, New York, Chicago

☆ A Historic Breach of Fiduciary Duty
▼ + stars: | 2023-05-16 | by ( Marlo Oaks | Todd Russ | ) www.wsj.com time to read: +1 min

Highlights from a Fox Business interview with Jamie Dimon, in which the J.P. Morgan CEO discussed issues surrounding his WSJ op-ed, 'The West Needs America's Leadership.' Image: Zuma Press Composite: Mark KellyMany American workers don’t realize that their hard-earned money is being used against them. It is perhaps the most severe breach of the fiduciary standard in American history. Treasurers and other state financial officers are fiduciaries—legal stewards of Americans’ retirement assets, not the owners of those assets. Lately such proposals have included requests that U.S. financial institutions align their lending, financing and underwriting activities with a net-zero-emissions world.

☆ JPMorgan’s Jamie Dimon Rides to Biden’s Rescue
▼ + stars: | 2023-05-02 | by ( The Editorial Board | ) www.wsj.com time to read: 1 min

Highlights from a Fox Business interview with Jamie Dimon, in which the J.P. Morgan CEO discussed issues surrounding his WSJ op-ed, 'The West Needs America's Leadership.' Image: Zuma Press Composite: Mark KellyJamie Dimon must be smiling at the political irony. The Biden Administration, which claims to hate big banks, signed off Monday on a deal to let Mr. Dimon’s giant JPMorgan Chase get bigger and even more profitable by taking over failing First Republic Bank . JPMorgan won the Federal Deposit Insurance Corp. auction for the San Francisco-based bank, which was seized by regulators early Monday. It appears the FDIC and Treasury overcame their opposition to a merger by one of the country’s biggest banks after their costly ideological indulgence in closing Silicon Valley Bank ( SVB ).

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