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Politics May 17, 2026

The Billionaire Class Trauer: How Wealthy Democrats Are Embracing Populism

Billionaire hedge fund founder Tom Steyer is running for California governor on a platform of taxin…
The Billionaire Class Trauer: How Wealthy Democrats Are Embracing PopulismTom Steyer has built his campaign for governor of California around affordability – and taxing the uber-wealthy. It is perhaps an unusual message for a candidate with an estimated net worth of $2.4bn. But the hedge fund founder-turned climate activist and liberal mega-donor is pitching himself as a different kind of billionaire: one who wants people like him to pay far more in taxes.The Billionaire Populist StrategyAs early voting ballots trickle in for the 2 June primary, Steyer, a leading candidate in the unsettled contest, is racing to convince Californians that his elect-the-rich-guy-to-eat-the-rich candidacy isn't a contradiction. "People are very skeptical of billionaires," Steyer, wearing a beige baseball cap with the words "class traitor" embroidered on it, told a small group of reporters at a campaign event in East LA on Wednesday. "I'm skeptical of billionaires because we've seen so many billionaires being selfish and arrogant."The Rise of Anti-Billionaire SentimentSteyer's campaign arrives at a particularly combustible political moment in the US, shaped by a surge in anti-elite populism, widening income inequality and growing suspicion of billionaire power across both parties. A survey conducted last year by the Harris Poll found that the share of Americans who said billionaires threaten American democracy rose to 53%, up 7 points from 2024. At the same time, nearly eight in 10 respondents said they were more likely to support a billionaire who "challenges unjust systems."California's Affordability Crisis and Political ResponseAnti-rich sentiment is especially pronounced in the Golden State, which boasts the world's fourth largest economy and more billionaires than any other US state. Yet California faces a deep affordability crisis, leaving many voters searching for a governor who will do more than take on the billionaire in the White House. They want someone who will "upend the system," said Lorena Gonzalez, president of the powerful California Federation of Labor Unions.The Democrat's Billionaire DilemmaA decade after Trump, a billionaire real estate mogul, proved he could harness working-class discontent, Democrats see a chance to rebuild their frayed coalition and win back the voters squeezed by the rising cost of rent, utilities and groceries. Ahead of the November midterm elections, Democrats are hammering Trump over his coziness with Silicon Valley billionaires and his preoccupation with building a ballroom at the White House, evidence, they say, that the president's party has abandoned working class voters in favor of a new gilded-age oligarchy.Wealthy Progressives Across AmericaSteyer is not the only Democrat testing the party's appetite for a populist from the 1%. In Illinois, Governor JB Pritzker, a scion of the Pritzker family that founded the Hyatt hotel chain, is running for a third term – and widely believed to be considering a presidential bid in 2028. Other wealthy progressives include Saikat Chakrabarti, a centimillionaire tech entrepreneur and former chief of staff to Ocasio-Cortez who is self-funding his anti-establishment bid to succeed retiring former House speaker Nancy Pelosi in San Francisco.A Historical Perspective on Wealthy DemocratsWealthy Democrats are hardly a new phenomenon. From Franklin Roosevelt's patrician roots to John F Kennedy's vast family fortune, the party has a history of elevating affluent political leaders who framed their privilege as a responsibility to serve the public. As Cas Mudde, a leading scholar of populism, noted by email, "socialists have long been led by 'class traitors' (eg Friedrich Engels) or have supported rich politicians and intellectuals (for example Bernie Sanders and Noam Chomsky)."The Future of Populist PoliticsAmid a volatile job market and escalating inflation, voters want leaders who understand their economic struggles. In California, with the nation's highest cost of living and gas prices topping $6 per gallon amid the Iran war, that demand is particularly urgent. Perhaps then it is a sign of the times that if Steyer advances to the November general election, Californians would likely have the chance to elect a billionaire for governor and impose a first-of-its-kind wealth tax on the state's richest residents.
#Tom Steyer #Wealth Tax #California Politics
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Economy May 17, 2026

Opt-Out Tax System Proposed for UK Millionaires

A proposal suggests UK millionaires should automatically pay additional taxes unless they actively …
The LeadAs UK faces growing pressure to fund public services while defending progressive policies against rising anti-tax populism, a proposal suggests millionaires should automatically pay additional taxes unless they actively opt out. This approach, based on behavioral research showing opt-out systems generate higher participation than voluntary contributions, could potentially raise significant revenue for the Treasury.The Behavioral Economics Behind Opt-Out SystemsResearch repeatedly shows that opt-in systems produce dramatically lower participation than opt-out systems – the core principle behind so-called nudge theory. Successive UK governments have already relied heavily on the latter approach in areas ranging from pension auto-enrolment to organ donation frameworks. The author, James Kyle, suggests that participation would rise sharply when contribution is the default position rather than requiring active enrolment.The Current Tax Landscape for the WealthyCurrently, wealthy individuals can make voluntary payments to HMRC, but the sums raised remain negligible. The Treasury's standard response is that such voluntary payments already exist. However, behavioral economists argue that this approach fails to account for human psychology, where default options significantly influence decisions.The Potential Revenue ImpactWhile critics may dislike the fact that participation would remain technically voluntary, the proposal maintains that existing taxes would remain fully compulsory and progressive. The tax surcharge would apply automatically unless individuals confidentially chose to opt out in their tax returns. The relevant comparison is not between this and an imaginary world of perfect tax compliance, but between securing additional contributions from many wealthy individuals or securing nothing at all while increasing incentives for avoidance, relocation and political backlash.The Political ImplicationsIn politically challenging times, ideas that combine behavioral realism with fiscal pragmatism deserve closer consideration. The proposal comes as research shows three-quarters of UK millionaires say they would be willing to pay more tax, creating a potential opportunity for policymakers to implement a system that aligns with both behavioral science and revenue needs.
#UK tax policy #Millionaires #Wealth tax
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Politics May 17, 2026

Christian Zionism in the US Faces Growing Challenges Amid Declining Support

A wave of new polling data and financial disclosures suggests that the once‑dominant Christian Zion…
The Growing Question of Christian Zionism’s LongevityRecent forecasts from left‑leaning outlets and fresh polling indicate a possible decline in the evangelical movement that has long underpinned unwavering US support for Israel. Yet the movement’s deep‑pocketed organisations and entrenched lobbying networks continue to shape policy debates.Historical Milestones and Recent Forecasts1992 – Christianity Today warned of a decline in Christian Zionist support.2025 – Jacobin declared the “end‑times for Christian Zionism” after the Gaza war.2026 – Al Jazeera reports that despite waning public sentiment, the movement still commands tens of millions of followers, primarily in the Bible Belt.Financial Muscle and Polling NumbersCUFI spent over $670,000 on Washington lobbying to tighten sanctions on Iran.Combined revenue of 36 identified Christian Zionist organisations: $2.8 bn annually.2021 survey of evangelicals under 30: only 33.6% support Israel; premillennial belief fell from 65% (2011) to 21%.Pew Research shows a sharp drop in favorable views of Israel among young conservatives and Christians.Political Influence in a Shifting LandscapeThe movement helped elect George W. Bush, backed the Iraq war, and continues to funnel billions in aid to Israel. However, younger voters are questioning the theological justification for unconditional support, and recent Israeli PR campaigns targeting evangelical churches signal anxiety about a waning base.Future Trajectory and Election ImplicationsExperts agree that while short‑term power remains intact, long‑term trends could fragment the evangelical coalition, especially as theological debates erode premillennialism. The 2026 midterms may be the last election cycle where Christian Zionist mobilisation guarantees a decisive Republican advantage, after which the movement may need to reinvent its narrative or risk marginalisation.
#Christian Zionism #CUFI #Jacob​in
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Business May 17, 2026

Swatch Closes Stores as Royal Pop Watch Launch Sparks Crowd Chaos

Swatch shut stores in several European cities and New York after massive crowds gathered for the li…
Swatch Stores Shut Amid Crowd Turmoil Over Royal Pop LaunchSwatch was forced to close multiple stores across Europe and the United States after queues of hundreds turned chaotic during the launch of its limited‑edition Royal Pop timepieces, a collaboration with luxury watchmaker Audemars Piguet. Police in the Paris region deployed teargas to disperse a 300‑person crowd, while fights broke out in Milan and stores in Amsterdam, Utrecht, London and six other UK cities remained shut for safety.Mass Queues and Police Intervention Across Europe and New YorkHundreds camped overnight in France, the Netherlands, Italy and the UK.Police used teargas in the Paris region after a metal shutter and two security gates were damaged.In Milan, a fight erupted at opening time; in New York’s Times Square the crowd was described as a "mosh pit".Swatch stores in Amsterdam, Utrecht, London and six other UK cities stayed closed pending security reviews.Resale Prices Skyrocket as Retailers Struggle to Meet DemandRetail price of a Royal Pop watch: $400 (≈£300).One buyer resold a watch for $4,000, a ten‑fold markup.Another purchaser paid $2,400, roughly $2,000 over retail, citing the difficulty of acquiring an Audemars Piguet piece.Retail Security and Brand Reputation Under ScrutinyThe incidents highlight the challenges luxury‑fashion collaborations face when demand outstrips supply. Swatch’s underestimation of security needs led to property damage and police involvement, while the chaotic scenes risk tarnishing both Swatch’s and Audemars Piguet’s brand images.Future Limited‑Edition Drops May Require Tightened ControlsAnalysts expect brands to adopt stricter crowd‑management protocols, pre‑sale reservations and limited‑quantity online allocations for upcoming collaborations. Without such measures, future launches could repeat the safety concerns and market distortions seen with the Royal Pop release.
#Swatch #Audemars Piguet #Paris
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Sports May 17, 2026

Nepali Sherpa Climbers Break Own Records on Mount Everest

Two renowned Nepali Sherpa climbers have broken their own records on Mount Everest, with Kami Rita …
The LeadTwo legendary Nepali Sherpa climbers have once again pushed the boundaries of human endurance on Mount Everest, breaking their own records in what officials describe as another milestone in Nepal's mountaineering history. Kami Rita Sherpa, known as the "Everest Man," has now scaled the world's highest peak 32 times, while Lhakpa Sherpa, the "Mountain Queen," has set a new women's record with her 11th summit.The Record-Breaking AscentsKami Rita Sherpa, 56, first conquered Everest in 1994 while working as a guide for a commercial expedition. Since then, he has made the climb almost every year, sometimes achieving two summits in a single season. His latest achievement surpasses his own record set just last year.Lhakpa Sherpa, 52, made history in 2000 when she became the first Nepali woman to successfully summit and descend Everest. Her 11th summit further solidifies her position as one of the most accomplished female mountaineers in history."This is another milestone in Nepal's mountaineering history," said Himal Gautam, spokesperson for Nepal's Tourism Department. "Their record gives greater excitement to other climbers. By breaking records through healthy competition on Everest will help make climbing safer, more dignified and better managed."Mountaineering in NepalThe achievements of these Sherpa climbers highlight the growing significance of mountaineering as both a sport and a business in Nepal. Kami Rita was born in the same Thame village in Solukhumbu district as Tenzing Norgay, who with Edmund Hillary was the first to climb Everest in 1953.Since that historic first ascent, a climbing boom has transformed mountaineering into a lucrative industry for Nepal. This year, the country issued a record 492 Everest permits for the March-May climbing season. More than 8,000 people have climbed the mountain since Hillary and Norgay's expedition, many of them multiple times.Among non-Sherpa climbers, the record is held by British guide Kenton Cool with 19 ascents, followed by American climbers Dave Hahn and Garrett Madison with 15 climbs each. Notably, Cool and Madison are currently attempting to improve their own records.The Future of EverestThe high numbers of climbers and their Sherpa guides heading for the summit have rekindled concerns about overcrowding on the mountain, especially if poor weather shortens the climbing window. Despite these challenges, the record-breaking achievements continue to inspire and draw attention to the extraordinary capabilities of Sherpa climbers who have long been the backbone of Himalayan expeditions.While Kami Rita has previously stated he was "just working" and not specifically aiming to set records, his consistent achievements have elevated him to legendary status in the mountaineering community. As the popularity of Everest continues to grow, the records set by these exceptional athletes may continue to be broken, but their contributions to the sport and to Nepal's tourism industry remain unparalleled.
#Mount Everest #Kami Rita Sherpa #Lhakpa Sherpa
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Environment May 17, 2026

'Green Card for the Planet'? FIFA's World Cup on Pace to Be a Climate Catastrophe

The 2026 FIFA World Cup is projected to be the most polluting tournament in history, generating app…
The Climate Crisis of the World CupThe 2026 FIFA World Cup is shaping up to be not only the most politically combustible tournament in modern history but also potentially the most environmentally damaging. As soccer fans increasingly watch preparations through their fingers amid controversies over ticket prices, Iran's participation, and ICE's role, a more long-term peril is being overlooked: the tournament's staggering contribution to climate change.The Environmental Footprint of Expanded TournamentScientists conservatively project that the 2026 World Cup will generate around 9 million tons of carbon dioxide equivalent, nearly double the historical average for tournaments between 2010 and 2022. Air travel comprises approximately 7.7 million tons of this carbon budget—more than four times that of the average for previous tournaments. The worst-case upper estimate for air transport is about 13.7 million tons of CO2.This environmental disaster stems from FIFA's decision to expand the tournament from 32 to 48 teams while selecting three host countries—Canada, Mexico, and the US—that encompass a massive geographical expanse. The distances fans and teams need to travel make less carbon-intensive forms of transportation impractical, even with improved infrastructure.The Carbon Cost of FIFA's GreenwashingFIFA has long been a shameless purveyor of greenwashing. Ahead of the 2022 World Cup in Qatar, FIFA President Gianni Infantino implored soccer fans to "raise FIFA's green card for the planet" by recording messages about environmental preservation. In reality, the Qatar tournament was a "carbon bomb in sporty form" that necessitated more than 1,000 daily flights, used an energy-intensive desalination system, and relied largely on bogus carbon-offset schemes.The 2026 tournament is even worse. Scholar Tim Walters argues that this World Cup is the deadliest sporting event in history due to increased greenhouse gas emissions causing premature deaths—a sign of FIFA's "abject misanthropy."Travel Nightmares and Environmental HypocrisyThe geographical challenges are staggering. Bosnia and Herzegovina's squad will have to travel more than 5,000km from Toronto to Los Angeles to Seattle, with their training camp in Salt Lake City adding additional carbon miles. Algeria will rack up about 4,800km journeying from Kansas City to San Francisco and back. Czechia starts in Guadalajara before heading to Atlanta and then Mexico City, notching more than 4,500km.Lacquer on top of this is FIFA's sponsorship deal with Aramco, the state-owned Saudi energy behemoth that is the largest corporate greenhouse gas emitter on earth, responsible for more than 4% of all emissions since 1965. More than 100 professional female footballers, including some of the biggest names in the game, signed a letter condemning the partnership, citing environmental impacts as a serious problem.Extreme Heat Threatens Player and Fan SafetyPlayer safety is also in jeopardy thanks to extreme heat brought on by climate change. The National Weather Service is warning that every single region of the US will experience temperatures that exceed historical averages during the tournament. A Guardian analysis found that "high levels of heat and humidity will impact the ability of teams to perform on the field," with 26 matches likely to be played when the temperature is at or above 26C (78.8F) WBGT—a threshold beyond which cooling breaks are necessary.An academic study found that 14 out of 16 host cities are likely to experience average WBGTs that exceed 28C (82.4F) in June and July. While three of the cities most exposed to dangerous heat—Houston, Dallas, and Atlanta—have air-conditioned stadiums, the energy needed to power that cooling doesn't help climate change.The Path Forward for Sustainable SportsDr. Madeleine Orr of the University of Toronto, one of the authors of the heat study, noted the "lack of commonsense preparations by event organizers to keep people safe in extreme weather conditions." She added, "The only interest is in protecting athletes on the field, with basically no consideration for fans, staff, the media and volunteers working in the stands or on the streets."As climate litigation against unrepentant greenwashers continues to rack up wins, FIFA faces increasing pressure to align its actions with its environmental rhetoric. The 2026 World Cup represents a critical juncture for global sports organizations to either continue down a path of environmental destruction or begin implementing meaningful sustainability measures that address the climate crisis head-on.
#FIFA #World Cup 2026 #Climate Change
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Politics May 17, 2026

Ken Loach decries missed chance as Your Party splinters

Veteran filmmaker Ken Loach warned that the newly‑formed “Your Party” has squandered a historic opp…
Ken Loach’s warning on the left’s missed unityAt a Cannes screening of his 1995 film Land and Freedom, the 90‑year‑old director Ken Loach told the Guardian that the upstart socialist movement founded by Jeremy Corbyn and Zarah Sultana has become “mired in infighting”, losing a historic chance to build a mass left‑wing coalition.Infighting within “Your Party” undermines left‑wing coalitionLoach described the early enthusiasm – “800,000 people expressed interest, that’s three times the size of a political party” – and contrasted it with the current internal battles that threaten to fragment the movement. He likened the split to the ideological quarrels that weakened the anti‑fascist front in the Spanish Civil War, a theme central to his film.Numbers behind the movement and its decline800,000 people signed up during the launch phase.That figure is roughly 3× the membership of a typical UK political party.Since the launch, public polling shows a 10‑point drop in perceived unity among left‑wing voters.Broader implications for UK politics and the far‑right surgeLoach argued that the left’s fragmentation is feeding the far‑right narrative, noting that Conservative leaders now echo language once associated with Nigel Farage. He warned that wealthy donors who fund the far‑right are “the ones now funding the far right”, citing Farage’s £5 million crypto gift as a symptom.The director also criticised Keir Starmer for “a fatal flaw in communication” and suggested that the Labour right is allowing the far‑right to dominate the political discourse.What the future may hold for the British leftLoach predicts that unless “Your Party” resolves its internal disputes, it will remain a peripheral force, unable to challenge the Conservative‑Labour duopoly. He urges left‑wing activists to view cinema as a political tool, warning that “politics is absolutely central to film‑making” and that artists must bear witness to the rising tide of fascist‑leaning rhetoric across Europe.
#Ken Loach #Jeremy Corbyn #Zarah Sultana
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Entertainment May 17, 2026

Bulgaria Makes History with First Eurovision Victory as Dara Wins with 'Bangaranga'

Bulgaria won the 70th Eurovision contest with singer Dara's song 'Bangaranga,' marking the country'…
The Historic VictoryBulgaria has won the 2026 Eurovision song contest after singer Dara swept to victory with the song Bangaranga. The 27-year-old singer's triumph is a first victory in the 70-year history of the song contest for Bulgaria, which only joined Eurovision in 2005 and sat out the last three editions.Described by its performer as 'pop music with folklore bones', Bangaranga is a pulsating party anthem inspired by kukeri – an ancient Bulgarian ritual where men roam through villages dressed in furry costumes with bells and animal masks.The Cultural SignificanceThe precise meaning of 'bangaranga' became one of the running jokes of the night. Singer Dara said 'bangaranga is a special energy that everyone has got in themselves, a feeling that everything is possible.' This cultural reference highlights how Eurovision increasingly embraces diverse cultural expressions from across Europe.Bulgaria's surprise win means the European Broadcasting Union (EBU) and other participating broadcasters will be spared a major headache. Had second-placed Israel won, organisers would have faced difficult questions over where to host the song contest's 2027 edition.The Scale of the EventThe 70th anniversary of the musical extravaganza took place in Vienna, after Austria's operatic contestant JJ triumphed last year. About 10,000 spectators watched the show at Vienna's Wiener Stadthalle venue, with an expected TV audience in excess of 100 million. It was the third time the Alpine republic has hosted the event.The grand final saw musical acts representing 25 countries, with Bulgaria, Moldova and Romania returning after being absent in previous years. Controversially, Eurovision's anniversary was celebrated without five nations who boycotted the event over the continued participation of Israel while attacks continue in Gaza.Geopolitical TensionsIreland, Spain, the Netherlands, Slovenia and Iceland all declined to participate after the EBU changed the rules around multiple votes and state-sponsored promotion of songs, but stopped short of preventing Israeli broadcaster Kan participating. In December, Nemo, the Swiss singer who won the 2024 Eurovision song contest said they were handing back their trophy in protest over Israel's presence in Vienna.Police said about 2,000 people turned out for a protest against Israel's inclusion in Vienna's city centre earlier on Saturday. On the night, Israel's entry Michelle, a romantic pop song about a toxic relationship performed by Noam Bettan, came in at second place after performing strongly in the public vote.Voting ControversiesThis year, fans were allowed to cast ten individual votes, down from 20 in previous years. Voting for the same act ten times was allowed, but voting for the act from the country fans are calling from wasn't. During the read-out of the jury votes, the presenter representing Israel's broadcaster KAN appeared to reference last year's voting controversy when he said he already knew who was going to win this year.In the run-up to the final, KAN was forced to apologise after mocking Croatian group Lelek by comparing their traditional makeup to 'henna tattoos in Eilat.' Lelek condemned the comments as a disrespectful slight against their culture and the history of oppressed women.Future ImplicationsBulgaria's victory provides a moment of celebration for the contest amid ongoing political divisions. The win highlights the enduring appeal of Eurovision as a platform for cultural exchange despite the challenges of international tensions. As the contest moves forward, the EBU will need to balance artistic expression with political sensitivities while maintaining the event's unity.The UK's continued poor performance, with Look Mum No Computer finishing last and receiving nul point in the public vote, raises questions about the country's approach to Eurovision participation. With the exception of Sam Ryder's Space Man in 2022, the UK has enjoyed poor fortune in the competition over the last decade or so, including picking up the dreaded nil points with James Newman in 2021.
#Eurovision #Bulgaria #Dara
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Entertainment May 17, 2026

Harry Styles' Charismatic Performance on Tour

Harry Styles' Together, Together tour showcases his charismatic performance and ability to pull off…
The Charismatic Performer Midway through the opening night of his world tour, Harry Styles asks where the audience in the Johan Cruijff Arena have come from. To judge by their response, residents of Amsterdam are vastly outnumbered by those who have travelled vast distances to be here: further investigation on the part of the singer reveals audience members from Switzerland and Ireland. The Event Details It’s evidence of what – to use a modern term – a huge flex the Together, Together tour is. There are doubtless sound reasons for performing lengthy residencies at single venues rather than dutifully dragging yourself around the globe – Styles’ 10 shows in Amsterdam are the only gigs he’s playing in mainland Europe, followed by similarly lengthy sojourns at venues in London, São Paulo, Mexico City, New York City, Melbourne and Sydney – but it also helps underline the enormity of the former One Direction star’s solo success. The Data Analysis Twelve consecutive nights at Wembley is a feat not even Taylor Swift’s Eras tour could match. Here, it suggests, is a man who’s not only pulled off one of the hardest tricks in pop – the journey from manufactured boyband member to respected solo artist is a notoriously thorny one – but done it with an almost unparalleled degree of aplomb. The Impact Analysis But Styles’ dominance has looked a little shakier in the wake of the release of his fourth album, the abysmally titled Kiss All The Time. Disco, Occasionally. That it received very muted reviews indeed from critics unimpressed by its understated music and lyrics so opaque they sounded suspiciously meaningless is beside the point – if the general public cared what critics think, Ed Sheeran would still be a busker – but the similarly muted commercial response is another matter. The Prediction In a live setting at least, you see their point. Tracks from said album that sounded flat on record feel noticeably punchier on stage. Sometimes they’ve been obviously zhooshed-up – Taste Back now comes interpolated with a whopping sample from Underworld’s Born Slippy – and sometimes they just feel potentiated by their live incarnation. Harry Styles’ Together, Together tour runs until 13 December
#Harry Styles #The Guardian #Music
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