Meet the insurgent economists promoting a global wealth tax

A Boeing E-4B 'Doomsday Plane' recently landed at Joint Base Andrews, sparking speculation about President Trump’s potential involvement in the escalating Iran-Israel conflict, especially following his meeting with national security advisers. The aircraft, designed for command and control in nuclear scenarios, took an unusual route, indicating a possible urgent mission related to the rising tensions in the Middle East. Need More Context? 🔎

A school bus driver in Vaughan, Ont., has been dismissed from the York Catholic District School Board after a video surfaced showing her in a schoolgirl uniform and a bus labeled "Lolita's Line." The board's statement confirms that the driver will no longer transport students and emphasizes adherence to child protection protocols in response to the incident. Need More Context? 🔎

The UBS Global Wealth Report reveals that the U.S. minted 1,000 new millionaires daily in 2024, totaling over 379,000, driven by strong stock market performance and a stable dollar, accounting for over half of the world’s new millionaires. Despite this growth, the average wealth per adult in the Americas was around $312,000, highlighting a disparity in wealth distribution. Need More Context? 🔎

Vladimir Putin is positioning himself as a mediator in the Israel-Iran conflict, attempting to regain diplomatic relevance amid his ongoing invasion of Ukraine and strained relations with Israel. However, experts doubt his credibility, citing Russia's close ties with Iran and the perception that a trusted mediator should remain neutral; even French President Macron and former U.S. President Trump have pushed back against Putin's involvement. Need More Context? 🔎

The US Supreme Court upheld Tennessee's law banning puberty blockers and hormone therapies for transgender minors, ruling it does not violate the Constitution. Chief Justice Roberts stated the law applies equally to all minors, while Justice Sotomayor dissented, emphasizing the law could endanger transgender youth's mental health and questioning the rationale behind such a ban. Need More Context? 🔎

Australia's unemployment rate is expected to remain steady at 4.1% with the addition of about 20,000 jobs in May, following a significant rise in April. Meanwhile, advertised salaries have increased by 3.6% year-on-year, though May's growth was just 0.2%, indicating a tightening job market and real wage gains, as noted by Treasurer Jim Chalmers in anticipation of potential tax reforms. Need More Context? 🔎