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While the ad cast the effort as nonpartisan and didn’t commit to a single plan, the effort underscored the growing friction between corporate America a group historically in sync with Republican priorities and the GOP. The CEO criticism of voter restrictions has kindled blowback from Republicans including former President Donald Trump and Senate Minority Leader Mitch McConnell, demanding that they stay out of politics.
Measures to change how citizens vote are being pushed by Republicans at the state level across the country following Trump’s unfounded accusations of voter fraud last year. A new law in Georgia last month requires voters to provide a state-issued identification card when requesting an absentee ballot and limits drop boxes, among other restrictions. Texas, Arizona and Florida Republicans are discussing voting restrictions as well.
Ambrose Evans-Pritchard: Risks are growing but this bull run is far from over
Great equity booms typically continue for a year or 18 months longer than a nervous rationalist believes possible.
It is expensive to pull the trigger too soon, and even more expensive to short stocks just because they look overpriced. That way lie margin calls. A strong nerve is required to stay the course amid the crowd pathologies of a late bubble.
When the end comes, it is because the US Federal Reserve has hit the brakes, or at least it has been for almost every cycle over the last century. The Fed raised interest rates by 400 basis points before the Lehman crisis, 350 points before the dotcom bust in 2000, 1,300 points during Paul Volcker’s war on inflation, and 800 points to rein in (belatedly) the “guns and butter” stimulus of the 1960s.
How Billionaires Got So Rich In 2021
Marlene Awaad/Bloomberg, Jamel Toppin for Forbes, Michael Prince for Forbes
The vast majority of the billionaires on this year’s
Forbes list hail from these 10 sectors.
There are a record-smashing 2,755 billionaires in the world, according to
Forbes’ 2021 World’s Billionaires list. How did they make their mega-fortunes? By doing everything from starting hedge funds and tech companies to breeding pigs and brewing kombucha.
But certain industries offer a more common route to riches than others. The most likely way to make a billion-dollar fortune: go into finance and investments. That sector has minted the most billionaires in the world, with 371 people, or about 13% of the entire list. It was the top industry for billionaires in 2020 the last time we tabulated the number of billionaires per industry as well. The number of finance and investment billionaires has grown by 50% in the past year, and has nearly doubled from two years ago