By Jake Johnson for Common Dreams The collective wealth of US billionaires surged to $8.1 trillion in 2025 as working-class Americans faced a cost-of-living crisis made worse by President Donald Trump’s tariff regime and unprecedented assault on the social safety net. An analysis released Friday by the Institute for Policy Studies (IPS) found that the top 15 […]
Financial inequality, homelessness and the highest unemployment in the nation — for all its riches, California still has some big problems for lawmakers to address in 2026.
Zohran Mamdani Sworn In as New York’s First Muslim and First Democratic Socialist Mayor, U.S. Federal Minimum Wage Remains Flat for 16th Straight Year as Billionaires’ Wealth Skyrockets, Trump Hosts Netanyahu as Guest of Honor at Lavish Mar-a-Lago New Year’s Party, Winter Storms Batter Tents Housing Displaced Palestinians in Gaza, Killing Two More Children, Israel Demolishes Palestinian Homes in West Bank Refugee Camp, Approves Even More Settlements, Hundreds of Thousands March in Istanbul to Demand End to Israel’s Genocide in Palestine, Pentagon Says It Blew Up 5 More Boats in Caribbean and Pacific, Killing at Least 8, Governor of Russian-Occupied Kherson Says Ukrainian Attack Killed 24 and Wounded 50, Trump Says He’ll Withdraw National Guard Troops from Chicago, L.A. and Portland, ICE Plans $100 Million “Wartime Recruitment” Campaign Targeting Military and Firearms Enthusiasts, Trump Administration Freezes Federal Child Care Funds Nationwide, “We Are Locked and Loaded”: Trump Threatens to Attack Iran as Protesters Clash with Security Forces