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The Latest Breaking News from the Institute for Policy Studies

Pope Leo warned the world is in ‘big trouble’ if Elon Musk becomes the first trillionaire

The top 1% increased their wealth by nearly $34 trillion over the last decade—enough to eliminate annual poverty 22 times over.

Fortune

Billie Eilish to billionaires: 'No hate, but give your money away, shorties”

Grammy and Oscar winner Billie Eilish called on billionaires to give away more of their wealth

The Independent UK

Houston billionaire couple plans to donate 95% of their $11 billion fortune to local causes: 'I want our grandchildren to be proud'

Rich and Nancy Kinder are part of The Giving Pledge, along with Bill Gates, Melinda French Gates, and Warren Buffett.

Fortune

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read the most diverse news in one place.

CEO Pay vs. Worker Wages: 7 Companies With Biggest Gaps

CEO pay gaps at major U.S. companies like Starbucks and Walmart reveal stark inequality, with executive salaries dwarfing employee wages across industries.

GOBankingRates

Pope Leo says that if Elon Musk becomes the first trillionaire, the world is in ‘big trouble’

The top 1% increased their wealth by nearly $34 trillion over the last decade—enough to eliminate annual poverty 22 times over.

Fortune

CEOs at America’s 100 largest low-wage employers are paid 632 times as much as the average worker, study finds

From 2019 to 2024, average CEO pay at these firms climbed 34.7%, compared with just a 16.3% rise for their average worker pay. Inflation was 22.6% over the same period.

Fortune

CEO-to-worker pay gap surges to 632 to 1 at US’s lowest-paying large firms, study shows

At 100 firms in S&P 500 with lowest median pay, executives’ comp increased by average of nearly 35% over five years

The Guardian - US

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Bill Gates and Warren Buffett's Giving Pledge after 15 years: Only 9 of the 256 billionaires actually followed through on giving away half their wealth

The Giving Pledge invites the world’s wealthiest to publicly commit to giving away at least 50% of their wealth. The Institute for Policy Studies has the receipts.

Fortune

25 Times People Made It Clear To Everyone Else They’re Rich Without Even Trying

Since the beginning of the pandemic, the Institute for Policy Studies has been tracking the rapid growth of rich Americans' assets, and it's become one of the most disturbing reminders of inequality during a crisis that has devastated ordinary families.

Bored Panda

Trump’s ‘gas-guzzling’ parade will produce planet-heating pollution costs, analysis says

Among other concerns, the US military parade will produce as much pollution as created to heat 300 homes for a year

The Guardian - US

This industry comeback lacks workers

Staffing shortages could put domestic objectives for the industry at risk and drive up labor costs

Salon

CEOs with lowest-paid US workers ‘focused on own short-term windfall’ – report

CEOs spending more on stock buybacks than capital investments and employee retirement plan contributions

The Guardian - US

Experts say billions in US Senate bill would be better spent at home

While President Joe Biden says bill will stimulate the economy, experts say social spending provides a bigger boost.

Al Jazeera

Tis the season for giving: A guide for how to give, even a little

Christmas is over, but giving season for nonprofits is just starting to peak

The Independent UK

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