Top Ten Wealthiest Men in the World Doubled Their Wealth During the Pandemic

A recent report claims that the world’s top 10 richest men all saw their wealth double over the course of the Coronavirus pandemic, while 99 percent of global income dropped dramatically during the same period.

As reported by ABC News, a study published on Monday by the group Oxfam showed that the collective wealth of the top 10 doubled from approximately $700 billion to over $1.5 trillion between March of 2020 and November of 2021. During that same time, over 160 million people fell into poverty as incomes plummeted. The increase for the top 10 in less than two years represented a greater increase for their wealth than their growth over the previous 14 years combined.

The 10 men who were the focus of Oxfam’s study were: Elon Musk, Jeff Bezos, Bernard Arnault, Bill Gates, Larry Ellison, Larry Page, Sergey Brin, Mark Zuckerberg, Steve Ballmer and Warren Buffett. The data for the study was gathered from the World Bank.

Read More

Commentary: How the Left Embraced Globalization

by Edward Ring   On November 30, 1999, the largely theoretical question of globalism exploded into reality with the spectacle of 50,000 demonstrators shutting down a major meeting of the World Trade Organization in Seattle. News coverage of this unexpected sensation, with expertly rendered video montages of police phalanxes, black-clad…

Read More

David Malpass, Sharp Critic of World Bank, Could be its Next Leader

David Malpass has been a sharp critic of the World Bank, the Washington-based lending institution for impoverished nations, and now he could be its next leader. Malpass, the undersecretary of the U.S. Treasury for international affairs, is U.S. President Donald Trump’s choice to head the agency, which has always been…

Read More

Amy Grant and Michael W. Smith Among 100 Catholic and Evangelical Leaders Critical of Trump’s Plans to Cut Foreign Aid Funding

More than 100 Christian leaders from across the country have signed a letter asking Congress to protect funding for America’s foreign aid programs. The letter reveals divides among Christians over President Trump, whose plans continue to enjoy the support of many other Christians. The letter comes as Trump is proposing a…

Read More