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Global News and Analysis

World’s witnessing a new Gilded Age as billionaires’ wealth swells to $6 trillion

Source: The Guardian

Not since the time of the Carnegies, Rockefellers and Vanderbilts at the turn of the 20th century was so much owned by so few 

The world’s super-rich hold the greatest concentration of wealth since the US Gilded Age at the turn of the 20th century, when families like the Carnegies, Rockefellers and Vanderbilts controlled vast fortunes.

Billionaires increased their combined global wealth by almost a fifth last year to a record $6tn (£4.5tn) – more than twice the GDP of the UK. There are now 1,542 dollar billionaires across the world, after 145 multi-millionaires saw their wealth tick over into nine-zero fortunes last year, according to the UBS / PwC Billionaires report. read more

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The US Military is Conducting Secrete Missions All Over Africa

Source: Vice News

U.S. troops are now conducting 3,500 exercises, programs, and engagements per year, an average of nearly 10 missions per day, on the African continent, according to the U.S. military’s top commander for Africa, General Thomas Waldhauser. The latest numbers, which the Pentagon confirmed to VICE News, represent a dramatic increase in U.S. military activity throughout Africa in the past decade, and the latest signal of America’s deepening and complicated ties on the continent.

With the White House and the Pentagon facing questions about an Oct. 4 ambush in Niger in which four U.S. Special Forces soldiers were killed, Secretary of Defense James Mattis reportedly indicated to two senior members of the Senate Armed Services Committee Friday that these numbers are only likely to increase as the U.S. military shifts even greater attention to counterterrorism in Africa. read more

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Global News and Analysis

Abolish the Drug Enforcement Administration

Source: The Nation

And use the savings to help the poor.

The anti-Trump resistance has a new hero. Chuck Rosenberg, acting head of the Drug Enforcement Administration, announced his resignation on September 26, citing concerns that President Donald Trump was not interested in the rule of law. Rosenberg had previously made headlines when he sent an e-mail to some 10,000 DEA staff members countering the statements of President Trump that law enforcement officers shouldn’t be afraid to rough up “thugs.” Rosenberg has been a staunch supporter of rationalizing the DEA and trying to work more closely with communities to find more effective ways of enforcing the drug laws. read more