Wealth of 10 richest men ‘doubled in pandemic’

The pandemic has made the world’s wealthiest richer but led to more people living in poverty, according to the charity Oxfam.

Lower incomes for the world’s poorest contributed to the death of 21,000 people each day, its report claims.

But the world’s 10 richest men have more than doubled their collective fortunes since March 2020, Oxfam said.

Oxfam typically releases a report on global inequality at the start of the World Economic Forum meeting in Davos.

That event usually sees thousands of corporate and political leaders, celebrities, campaigners, economists and journalists gather in the Swiss ski resort for panel discussions, drinks parties and schmoozing.

However for the second year running, the meeting (scheduled for this week) will be online-only after the emergence of the Omicron variant derailed plans to return to an in-person event.

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Yachts To Be Exempt From EU’s Carbon Pricing Plan

If there is anyone still confused why ESG, and the entire “green” movement is one giant, boiling cauldron of lies, hypocrisy and fraud, read on.

Last summer, we reported that the European Commission – that murder of career bureaucrats – has proposed exempting private jets, the one most polluting form of transportation, from the planned EU jet fuel tax. A draft indicated that the tax would be phased-in for passenger flights, including ones that carry cargo. Private jets will enjoy an exemption through classification of “business aviation” as the use of aircraft by firms for carriage of passengers or goods as an “aid to the conduct of their business”, if generally considered not for public hire. It gets better: a further exemption is given for “pleasure” flights whereby an aircraft is used for “personal or recreational” purposes not associated with a business or professional use.

This is odd because a recent report found that private-jet CO2 emissions in Europe rose by 31% between 2005 and 2019, with flights to popular destinations up markedly during summer holiday seasons. So if Europe was truly concerned about curbing CO2 emissions it would ostensibly go after some of the biggest culprits… but no.

Of course, since it is mostly billionaires and the ultra wealthy that fly private, and these same billionaires and ultra wealthy tend to be exempt from regulations (which are usually written by politicians that the ultra rich have previously bribed or bought) that apply to the rest of the peasantry, this was hardly a huge surprise.

Which is why we doubt that the latest news showing just how pervasive the “green” hypocrisy is, will also come as a surprise.

According to a new report from Transport & Environment (T&E) titled “Climate Impacts of Exemptions to EU’s Shipping Proposals:
Arbitrary exemptions undermine integrity of shipping laws
” , more than half of Europe’s ships would be exempt from the European Commission’s carbon pricing plan for the sector. Among them: highly polluting if extremely desirable – for the Monte Carlo set – yachts.

According to the report, in July 2021, the European Commission published a set of proposals to decarbonize the maritime sector. However, what quietly not mentioned, is that the proposed carbon pricing scheme (ETS) and the low GHG fuel standard (FuelEU Maritime) will only apply to ships above 5,000 GT and exclude a number of ship types such as offshore vessels, fishing vessels and…. yachts.

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Newsom Vacations in Cabo San Lucas at a $29,000 Per Night Villa After Extending Covid State of Emergency in California

A couple of weeks ago California Governor Gavin Newsom extended the Covid state of emergency until March 31, 2022.

This is Newsom’s 3rd emergency extension which will take the state past the two year mark under his emergency Covid order.

The California governor’s first Covid emergency order was declared March 4, 2020.

“Winter is coming. Winter is here,” Newsom said as he announced he’s extending emergency powers.

Newsom took off to Mexico for a $200,000 family vacation shortly after extending his emergency powers.

The California Globe exclusively obtained photos of Newsom at the La Datcha Cabo San Lucas villa:

The Globe has received several photos and a now-removed Tweet from sources who were in Cabo San Lucas in the Mexican state of Baja California Sur over Thanksgiving at the same time California Gov. Gavin Newsom and his family vacationed.

The sources said the Newsoms stayed nearby at a $23,000 to $29,000 per night villa, La Datcha Cabo San Lucas villa, owned by Russian entrepreneur and businessman Oleg Tinkov. The sources said from their rental they could see the 10,000 to 12,000 square foot villa, and said it comes with two chefs, four to five servers, personal trainers, and the like.

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Climate Conference’s Carbon Footprint Doubles From Last Summit

The carbon emissions associated with the United Nations climate summit in Glasgow more than doubled from the last time the conference was held, according to a report commissioned by the British government.

The conference, which ends Friday, is estimated to contribute to the emission of around 102,500 metric tons of CO2e, a measure of greenhouse gas emissions, the Scotsman reported. The majority of those emissions came from international flights, as world leaders and delegates flew on private planes to the summit.

Those projected emissions more than double the carbon footprint of the last conference, which was held in Madrid in 2019. That summit only led to the emission of 51,101 metric tons of CO2e.

President Joe Biden and his climate czar John Kerry both attended the conference in Scotland. The president was spotted dozing off during one speech at the summit.

Environmental activists and critics slammed the conference for the gross emissions created by air travel.

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We’re Living Through the Greatest Transfer of Wealth From the Middle Class to the Elites in History

Recent history is punctuated with a lot of not-so-great economic “greats” from the Great Depression to the Great Recession. Now we have a new one: When historians look back on the decisions made beginning in March 2020 and still going strong, this period will be remembered as the “Great Consolidation”—the acceleration of a historic wealth transfer and power concentration out of the hands of the middle class and into those with political power and connections.

The “connected” form a powerful bloc comprised of big government, big business and big special interests. And though their monikers label them “big,” they are comprised of relatively small elites. And they are seeking to use their power to benefit themselves at your expense.

Prior to COVID, more than 30 million small businesses accounted for about half the GDP and jobs in America; the other half of the economy was concentrated in 20,000 big companies. So you might have expected that small businesses would have had an equal amount of negotiating power when the pandemic hit as big companies. You would be wrong.

Big companies have more lobbying dollars and more connections, and thus more ability to play the political game. Their big pockets are balanced with a small enough scope to make them a government ally, compared to the highly decentralized small business landscape.

As a result, big firms were deemed “essential” and allowed to stay open during the pandemic, while small businesses were subjected to punishing lockdown orders and forced to close, in part or completely. Many of the examples were doubly infuriating given the absurd hypocrisies they presented. For example, big box pet retailers like PetSmart that groomed pet hair and nails were deemed essential—while salons owned by small business owners that served humans were not. The LA-area Pineapple Hill Saloon and Grill was forced to close their outdoor dining—while a movie production not only operated but hosted a catering tent serving food to crew in the same parking lot that the restaurant had been forced to abandon. Weed dispensaries, illegal just a handful of years ago in many jurisdictions, were suddenly deemed essential.

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