“When I first arrived in LA 40 years ago, the town smelled of orange blossoms. Now the streets stink of urine.” Veteran publicist Ed Lozzi says that the middle class and wealthy are fleeing Los Angeles, noting that whereas the town once smelled of orange blossoms, it now smells of urine. Lozzi noted that coronavirus was just the final blow to a city already reeling as a result of its progressive... 

Aged 58, the businessman is indicted for rape after the filing of several complaints against him. He is placed under judicial control during the investigation. A businessman, director of an international company, was indicted on October 13 “on the count of rape against four plaintiffs ”, three of whom say they were attacked during the same evening. The respondent was placed under judicial supervision,... 

Some American-Jewish groups are calling out US President Donald Trump, saying that his remarks at the Israeli-American Council summit in Florida on Saturday were ‘vile’ and antisemitic: “A lot of you are in the real estate business because I know you very well. You’re brutal killers. Not nice people at all,” said Trump. “But you have to vote for me; you have no choice. You’re not going... 

Billionaires are scrambling to ward off the specter of populist anger – from wealth taxes to increased regulation – looming over an age of unprecedented inequality. Perhaps they should have thought of this outcome 40 years ago. The 2020 election may trigger a “war on Wall Street and wealth,” too-big-to-fail bank Citi has warned its clients in a letter quoted by Bloomberg this week. The bank... 

The residents of a luxurious area of Paris told RT that they’re afraid troublemakers are among the newcomers after the authorities settled around 170 migrants in the area. Earlier this week, hundreds of migrants were cleared from their makeshift camps along the canals in the French capital, and some of them were moved to a newly-built shelter in Bois de Boulogne park. The green area is located along... 

Behind the guards, the blast doors and down corridors of reinforced concrete, sit the encrypted computer servers — connected to nothing — that hold keys to a vast digital fortune. Argentine entrepreneur Wences Casares has spent the past several years persuading Silicon Valley millionaires and billionaires that Bitcoin is the global currency of the future, that they need to buy some, and that he’s... 

The bottom half of adults in the world collectively own less than the richest one percent, according to a Credit Suisse report. The gap between the super-rich and the poor has significantly grown since the global crisis. The wealthiest one percent owned 42.5 percent of global wealth in 2008, the bank reports. “The downward trend reversed after 2008 and the share of the top one percent has been... 

For leftists, multiculturalism isn’t always about flooding a country with millions of immigrants from incompatible cultures, as we’ve seen in Europe over the past few years. It’s also about integrating the cultures that already exist within a nation. As far as they’re concerned, a neighborhood that lacks diversity is unacceptable. We must all be equal in all ways, even when it comes to the... 

State Duma deputies want to levy an additional tax on people with high personal incomes in order to finance the development of the new federation areas of Sevastopol and Crimea. The motion has been prepared by a group of MPs led by the Andrey Krutov of the center-left Fair Russia party. At the moment the group is completing consultations with legal experts and the bill will be submitted to the Lower... 

Wealthy tax evaders, aided by private banks have exploited loopholes in tax legislation and stashed over $21 tn in offshore funds, says a report. The capital drained from some developing countries since 1970 would be enough to pay off national debts. ­The findings show the gap between the haves and the have-nots is much larger than previously thought. The document, entitled The Price of Offshore...