The House of Representatives gave 25 of the nation’s billionaires a $334 billion tax break on April 16 when it voted 240-179 to repeal the estate tax. The nearly 100-year old tax raises $27 billion a year for the U.S. government. Of the 2,662,000 Americans who died in 2013, just 3,700 of their estates paid any estate tax – one …
White men meet in London to plot ways of profiting off Africa’s seed systems
A meeting is to be held in London on 23 March by predominantly white men with a sprinkling of Africans, some of whom represent private seed companies, to discuss how to make a killing off Africa’s seed systems. Farmers and civil society organisations have not been invited to the meeting, which will be attended only by private seed companies, donors, …
Wealth of world’s billionaires surges past $7 trillion
The combined net worth of the world’s billionaires has reached a new high in 2015 of $7.05 trillion, according to the latest compilation published by Forbes magazine on Monday. There are a record 1,826 billionaires, each with an average wealth of $3.8 billion. Relative to last year, the world’s billionaires have increased their combined wealth by more than 10 percent, from $6.4 …
Clinton Foundation raked in cash from right-wing regimes, corporations
Several press reports last week highlight details of the major donors to the Bill, Hillary and Chelsea Clinton Foundation, including right-wing Persian Gulf monarchies, big defense contractors, and an array of corporations and governments seeking influence with the US political establishment—and potentially in the next White House. Founded in 2001 after the end of Bill Clinton’s second term as president, …