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Lead: A New Era of Personal WealthThe Guardian’s Ingrid Robeyns warns that Elon Musk crossing the $1 trillion threshold is not a triumph of merit but a symptom of a dysfunctional system that amplifies inequality, undermines democracy, and hampers global climate goals. Musk’s Wealth Surpasses $1 Trillion: How the Figure Was CalculatedThe trillion‑dollar valuation combines Musk’s stakes in SpaceX, Tesla, X, and other private holdings. Three years ago his assets were estimated at roughly $250 bn; the rapid rise reflects soaring market caps and the valuation of private‑company equity. Numbers That Reveal the Scale of Concentration$1 trillion – 12 zeros of personal wealth.To earn that amount by working, Musk would need to be paid about $5 million an hour (70 h/week from age 20 to 75, no holidays).The U.S. median hourly wage is just under $25.Musk’s political spending: roughly $290 million on the 2024 U.S. presidential campaign.Estimated human cost of dismantling USAID: > 14 million lives lost by 2030, including 4.5 million children under five. Why Extreme Wealth Threatens Democracy, Climate and Social EqualityEconomist Gabriel Zucman shows that billionaires pay lower effective tax rates, exploiting loopholes and tax havens. The essay links this fiscal unfairness to a broader “oligarchic endgame” where super‑rich influence policy, media, and even humanitarian aid, eroding democratic accountability.Concentrated wealth also fuels wasteful consumption and greenhouse‑gas emissions, diverting resources that could address climate change and public health. The power wielded through platforms like X amplifies extremist rhetoric, influencing elections in the U.S., Europe and the UK. Looking Ahead: Policy Paths and the Call for a Wealth‑LineRobeyns urges a paradigm shift: adopt a “wealth line” akin to a poverty line to define the threshold where wealth becomes socially harmful. Potential measures include higher progressive taxes, stricter anti‑avoidance rules, and international coordination to curb tax‑haven abuse.If governments act, the concentration of power could be curbed, preserving democratic institutions and freeing resources for climate mitigation and social welfare. Without intervention, the oligarchic trajectory may solidify, deepening inequality and destabilising global governance.

The Lead: American Dream Meets World Cup StageHarry Kane, England's record goalscorer and captain, is set to begin his World Cup 2026 campaign in the United States, a country whose sports culture and mentality have long inspired him. The 32-year-old striker enters the tournament in peak form after a remarkable season with Bayern Munich, where he scored 61 goals in 51 appearances, and with a newfound confidence having finally won major trophies.The American Dream Mentality: Brady's InfluenceKane's fascination with American sports began in 2011 when he discovered the story of Tom Brady, the New England Patriots quarterback who went from being the 199th pick in the NFL draft to becoming one of the greatest players in the sport's history. "People didn't expect much from Tom Brady," Kane explains. "Seeing the way he went about his business, his journey from the start... to go on and be the greatest ever player in his sport is maybe reminiscent of me earlier in my career. In that people doubted me and I worked hard to turn that around."The England captain has been drawn to the American dream mentality—the belief that anyone can achieve success through determination and hard work. He has made multiple trips to the US over the years, including pre-season tours with Tottenham and personal holidays to New York and Florida, where he enjoys the golf courses. His connection to American culture extends to media appearances, including shows like Jimmy Fallon and Good Morning America, where he has expressed his post-retirement dream of becoming an NFL kicker.The World Cup Stage: American Venues, Personal SignificanceKane's World Cup journey begins at Dallas Stadium, home of the NFL's Dallas Cowboys, where England faces Croatia in their opening match. The choice of venue holds particular significance for the striker, who is an avid Patriots fan. "That's probably the one I'm excited to go to being a Patriots fan," Kane admits. "I've never been to the Gillette Stadium before." England will play their second group match against Ghana at the Patriots' home stadium in Foxborough.The tournament marks a full-circle moment for Kane, who has long admired American sports culture. His connection to the US deepened in 2019 when he attended Super Bowl LIII in Atlanta, where the Patriots defeated the Los Angeles Rams. Brady invited Kane to the team's celebration afterwards, and the pair have maintained contact since. There's even a photograph of them together, wearing matching Patriots jerseys.The Career Transformation: From Final Frustration to Trophy SuccessKane's career trajectory mirrors the American dream narrative of overcoming doubt to achieve greatness. Before joining Bayern Munich in 2023, he had played in five major finals—three for Tottenham and two for England—losing all five without scoring. This perception changed dramatically after his first season with Bayern, where he won the Bundesliga title and DFB-Pokal."There's a different feeling, for sure," Kane acknowledges. "For me to have that weight off my shoulders [having won things at Bayern] is important. Especially this year having the trophies and having the cup final where I scored a hat-trick—my first big moment in a final. The perception around me has probably changed in the last few years."His statistics tell the story of a player reaching his peak: 79 goals in 114 England appearances (including nine in knockout rounds of World Cups and Euros), with only Peter Shilton (125) and Wayne Rooney (120) having played more matches for the national team. He is closing in on Gary Lineker's record of 10 World Cup goals for England, having already scored eight in the tournament.The Future Outlook: Peak Performance and World Cup AmbitionsAs England prepares for their World Cup campaign, Kane arrives in the best form of his career. "I'm coming into this tournament in the best way possible; the best place physically and mentally," he states. "Throughout a career, there aren't loads of times when all the pieces of the puzzle will come together at the right moment. Talking now, I feel like I'm in that place."The striker's confidence is bolstered by his record-breaking season at Bayern, where he surpassed his previous best club tally of 44 goals in a single season. With 61 goals in 51 appearances, including a hat-trick in the DFB-Pokal final, Kane has silenced critics who questioned his ability to deliver in decisive moments.As he prepares to lead England's campaign on American soil, Kane carries with him not just the weight of expectation but the inspiration of a sports culture that celebrates relentless pursuit of excellence. His journey—from doubted youngster to record-breaking striker—embodies the very American dream he has long admired, setting the stage for what could be the defining chapter of his remarkable career.

The Deceptive Pricing of the Jaal Riad ResortA couple's dream holiday in Marrakech turned into a financial nightmare when they discovered that the pool and spa facilities were not included in their £2,150 all-inclusive package. Upon arrival at the Jaal Riad Resort, they were informed that the heated pool cost £24 per person per hour, the Jacuzzi was £24 for 20 minutes, and the hammam was £16 for 20 minutes. The couple, who had planned to use the pool regularly, found themselves facing a potential £350 extra charge for a week's stay if they utilized the facilities once daily.Breaking Down the £350 Hidden SurchargeThe financial impact of these hidden fees is significant, nearly doubling the couple's holiday budget for basic amenities. The charges were not disclosed during the booking process but were buried in the small print at the bottom of the hotel's facility list. EasyJet Holidays initially rejected the complaint, citing a line stating 'charges may apply,' despite the pool being a prominent feature in the marketing materials. This discrepancy highlights a growing trend where 'all-inclusive' promises are undermined by ancillary fees for standard resort amenities.Legal Ramifications Under the DMCC Act 2024The case has sparked a debate on the legality of such practices under the new Digital Markets, Competition and Consumers (DMCC) Act 2024. Consumer lawyer Gary Rycroft argues that the omission of material information regarding facility charges constitutes a violation of the law, which mandates that businesses must not hide information that would influence a consumer's purchasing decision. EasyJet defended its stance, stating it strives to make charges clear, but the company has since offered a £500 goodwill payment and promised to update its website to further highlight the chargeable nature of spa facilities.The Future of Holiday TransparencyAs the holiday season approaches, this incident serves as a warning to travelers about the prevalence of resort fees. The industry is shifting towards a model where amenities are often chargeable, and the burden of verification falls on the consumer. Travelers must scrutinize booking pages more closely to avoid 'bait-and-switch' tactics. Regulators are likely to increase scrutiny on travel agencies to ensure compliance with the DMCC Act, potentially forcing a standardization of how facility fees are disclosed.

The Lead The new EU border system that has triggered hours-long delays at major airports may not "stabilise" for two years, according to a senior official from the EU border agency Frontex. The Entry/Exit System (EES) requires non-EU visitors to register personal information and biometrics at borders, creating significant challenges for some member states. The Implementation Challenges Uku Särekanno, a director at Frontex, revealed that some EU member states are "struggling" to adopt the EES, which was fully rolled out on April 10. The most difficult aspect is the initial enrollment process where fingerprints and facial images must be collected. Subsequent visits to the EU would be faster as travelers wouldn't need to repeat this process. The EU has allowed checks to be suspended during peak periods to avoid excessive queues, though this temporary measure is expected to end in September. Countries like France and Greece have already temporarily suspended some biometric checks to prevent travel disruption. The Impact on Summer Travel There are growing concerns that the border checks could contribute to a "summer of travel chaos" in Europe. Consumers are becoming nervous about bookings and potential delays, with British travelers already facing significant holdups at border crossings. Mark Tanzer, chief executive of the UK travel association Abta, warned that problems with the EES system could hurt demand among British holidaymakers this year. He emphasized that some destinations are experiencing particularly severe issues and urged authorities to use the flexibility allowed under EU regulations to suspend biometric registration when queues become unacceptably long. Broader Travel Industry Concerns The EES implementation comes at a challenging time for the travel industry, with holiday bookings for early summer already affected by uncertainty surrounding the conflict in the Middle East and rising living costs. Consumers are increasingly booking their holidays later in the year due to these concerns. The Middle East conflict has triggered higher global oil prices, with jet fuel costs jumping sharply and potentially leading to increased air fares. Despite these challenges, large numbers of flights have not been cancelled during the crucial summer holiday season, contrary to earlier fears. Market Response and Future Outlook Shaun Morton, chief executive of holiday operator On the Beach, noted that while bookings continue to come in, shorter lead times "creates uncertainty and makes planning difficult." He described consumers as "price-sensitive and uncertain" who are booking later due to concerns about inflation, potential fuel shortages, and additional surcharges. Despite these challenges, Morton still expects the summer travel market to grow overall this year, predicting that the current late booking trend will eventually reverse when conditions improve. However, shares in On the Beach have already fallen 30% this year, reflecting market concerns about the current situation.

The Struggle to Find Employment in Grimsby In the Lincolnshire seaside town of Cleethorpes, a 19-year-old man named Cohen is sitting in the back seat of a car, putting on an Easter bunny outfit. He is hoping to use new photographs to advertise his mascot business for the upcoming holidays. Cohen, who has a learning disability, lives with his parents in neighbouring Grimsby and set up Co Co Mascots last year as one of his many attempts to find work. The Challenges of Job Hunting with a Disability Cohen has been applying for roles in holiday parks, retail, charity shops, and even the local football club Grimsby Town FC, which was recruiting for a new mascot. Despite his efforts, he has yet to find paid work. "The hardest thing is not hearing back [from a job application] and not getting feedback," says Cohen. "I start overthinking because I want it [a job] too much. A lot of the time, I think they [employers] will see you have a disability and will pick the person without one because they think the person with a disability is more work." The Economic Reality of Grimsby Grimsby was recently dubbed Britain's "worklessness capital" by the Telegraph due to the large proportion of its working-age people claiming benefits. The town has a higher number of working-age adults out of employment than the national average, and 41% of under-16s in the town live in relative low-income families. Once one of the world's largest fishing ports, Grimsby is still the UK's biggest fish-processing hub, reportedly making every other fish finger eaten across the country. The Impact on Young People For many young people in coastal places such as Grimsby, finding paid employment is hard – and having a disability compounds the issue. Cohen has been volunteering in charity shops and at food banks for more than a year now, and doesn't see his disability as a barrier to working. "My mind can wander a bit when I work so I need a nudge every so often. I just need a bit of support until I get used to the job and what is expected of me." The Future Outlook The Guardian's Against the Tide project aims to report on the lives of young people in coastal communities across England and Wales. The project will examine what kind of changes young people need to build the futures they want for themselves. For Cohen, he will continue to throw everything at his job search, hoping to find a permanent role that suits his needs and abilities.

The Unrelenting Violence in Gaza Even Eid al-Adha, one of the two major holidays of Islam, has not been able to stem a relentless tide of Israeli attacks, demolitions and incursions across occupied Palestine. At least 33 Palestinians were killed and more than 130 wounded over the four days of Eid, from May 27 to May 30, according to the Gaza Ministry of Health, despite a ceasefire covering the enclave. The Eid Casualties and Attacks Among the dead was Ahmad Ali Helles, 37, who was reportedly the sole surviving member of his immediate family and was killed in a drone strike on Shawa Square in Gaza City. Dr Jamal Abu Aoun, head of anesthesia at Yafa Hospital, was also killed by Israeli forces near Al-Aqsa Martyrs Hospital in Deir el-Balah. The International Response and Sanctions Several Israeli entities were added on May 28 to the annual blacklist of parties maintained by United Nations Secretary-General Antonio Guterres, following credible suspicions of patterns of rape and conflict-related sexual violence. The same list also includes the Palestinian armed group Hamas. The Impact on Gaza and the West Bank In Gaza, Israel has intensified an assassination campaign against the Hamas leadership amid growing fears of a return to full-blown war. On May 26, Israel killed Mohammed Odeh, the newly appointed head of Hamas's armed wing, along with his wife and children in a strike on Gaza City. This came just 11 days after the killing of his predecessor, Izz al-Din al-Haddad. The Humanitarian Crisis The Palestinian enclave's humanitarian situation continues to deteriorate, with aid inflows severely restricted by Israel. The director of Al-Aqsa Martyrs Hospital — the only government hospital in central Gaza, which serves half a million people — announced that operating rooms had ceased functioning after a fourth backup generator failed, with the dialysis, neonatal and intensive care units at risk of shutting down.

The Lead: Market Skepticism on Takeout A share price gain of only 10% on a possible takeover approach is a meek reaction. If the stock market truly believed that Castlelake, a US investment fund, stood a decent chance of buying easyJet, you would expect the target's stock to fly significantly higher. Scepticism is the right stance until at least three factors become clearer. The Event Details: Castlelake's Opportunistic Approach EasyJet's description of Castlelake's timing as "highly opportunistic" was boilerplate rhetoric (all bids are opportunistic to a degree) but in this case it is clearly possible that all European airlines' prospects could be brighter within a couple of months. It all depends on the price of jet fuel, which itself depends on resolution of the Iran war, and also how the peak summer season shapes up. The conflict has knocked consumers' willingness to book ahead, but that does not mean they will not show up for overseas summer holidays if disruption is minimal. The Valuation Analysis: Premium Questions and Asset Value City analysts still estimate that easyJet's pre-tax outcome could be as low at £100m this year, which is virtually a wash-out against £665m a year ago. Yet the half-year numbers only a fortnight ago kept alive the "medium-term" target of more than £1bn "as conditions normalise". If the chair, Sir Stephen Hester, really believes £1bn is possible in time (despite persistent underperformance versus Ryanair) it is hard to see how he could credibly enter takeover talks at anything other than a very fat premium to the starting share price of 400p. Only a year ago the shares were approaching 600p under sunnier skies. An alternative metric is the value of the assets. As Goodbody's analyst puts it, easyJet "is effectively a bundle of aircraft assets, orderbook assets and airport landing slot assets". The broker puts the book value of the owned fleet at 615p a share; Bank of America thinks 650p. If Castlelake, mostly a lender to the airline industry rather than an owner, has spotted a way to exploit the discount to book value via, say, not taking delivery of some of the aircraft, the same technique is presumably available to easyJet in standalone form. You don't have to sell the entire company in order to sell a few aircraft. The Regulatory Hurdles: European Ownership Restrictions Second, how would Castlelake, as a US entity, get around European ownership restrictions? The rules say majority UK/EU ownership is required, so presumably the would-be bidder has some form of fancy footwork in mind. But what? A European partner? There would surely have to be clarity before any talks could start, otherwise what is the point? What easyJet calls the "deliverability" of any bid proposal is not a small consideration. The Founder Factor: Sir Stelios's Influence Third, what does Sir Stelios Haji-Ioannou think? The founder doesn't lob as many insults at easyJet's board these days, but he and his family still have a 15% stake, which is enough to throw a spanner in the engine if that is how he is minded. Sir Stelios Haji-Ioannou, the founder of easyJet, still owns a 15% stake with his family. The Industry Context: Consolidation Patterns and Likely Players None of which changes the fact that easyJet has been seen as a plausible takeover candidate for about a decade. The company is regarded as a loose piece in the pan-European jigsaw whenever aviation specialists plot ways in which the market could follow the US path of consolidation. It's just that actual airlines, as opposed to financiers like Castlelake, are seen as the most likely instigators. IAG, owner of British Airways, is usually seen as the natural long-term destination for easyJet. Certainly, Hester & Co would have to whip up some competitive tension if Castlelake can demonstrate how it would clear the regulatory hurdles. The would-be bidder says it has bought a 2% stake in easyJet, which demonstrates some level of seriousness. But that's about all Castlelake has said. The departure lounge for a bid still feels a way off.

The LeadIn a surprising turn of events, authorities in Bangladesh have decided to spare a buffalo named after former US President Donald Trump from being sacrificed during a religious ceremony. The decision comes after the story gained international attention and sparked debate about cultural practices and animal welfare.The Event DetailsThe buffalo, which was given the name 'Donald Trump' by its owner, was initially scheduled to be sacrificed during Eid al-Adha, one of Islam's most important holidays when animals are traditionally sacrificed. However, after photos of the buffalo with a sign bearing Trump's name circulated on social media, local authorities intervened to prevent the sacrifice.'We understand the cultural significance of Eid al-Adha, but we also recognize the potential diplomatic sensitivities involved,' stated a local government official who requested anonymity. 'The name choice created an unusual situation that required careful consideration.'The Impact AnalysisThis incident has highlighted the complex relationship between traditional practices and modern sensibilities in Bangladesh. The country, while maintaining its cultural and religious traditions, is increasingly navigating global interconnectedness and its implications.Animal rights activists have praised the decision, viewing it as a victory for animal welfare. Meanwhile, some religious leaders have expressed concerns about potential interference with religious customs, emphasizing that the animal's name should not affect the religious practice itself.The PredictionGoing forward, this incident may prompt more discussions about the naming of animals destined for sacrifice in Bangladesh and other Muslim-majority countries. It could also lead to greater awareness about how cultural practices intersect with international relations and public opinion in an increasingly connected world.

The Lead: This Week's Entertainment HighlightsThis week's entertainment landscape offers a diverse array of critically acclaimed shows and films, from hilarious comedies to chilling horror. Channel 4's "Make That Movie" stands out as one of the funniest shows of the year, while Netflix's "The Four Seasons" returns with a brilliant second season. Horror fans can explore the disturbing world of "Backrooms," while Marvel offers a stylish take with "Spider-Noir."TV Comedy Gold: Make That MovieChannel 4Summed up in a sentence Last One Laughing finalist delivers one of the funniest shows of the year, with this mockumentary about a director who makes awful films.What our reviewer said "So ostentatiously silly that it deserves to be paraded around the streets." Stuart HeritageRead the full reviewFurther reading "People are like: you're a crackpot": how Sam Campbell became comedy's oddball superstarNetflix Triumph: The Four Seasons ReturnsNetflixSummed up in a sentence Tina Fey triumphs again with the return of this comedy about a group of middle-aged friends who reunite during holidays throughout the year.What our reviewer said "Even more perspicacious, poignant and hilarious than the first." Chitra RamaswamyRead the full reviewMarvel's Stylish Take: Spider-NoirPrime VideoSummed up in a sentence In Marvel's witty homage to the hard-boiled films and fictions of the 40s – which can be watched in colour or black-and-white – Nicolas Cage plays Ben Reilly, who gave up being superhero "the Spider" five years ago.What our reviewer said "Everything is shot with style and confidence." Lucy ManganRead the full reviewFurther reading The life of PIs: the strange case of 2026's resurgence of hard-boiled detectivesHidden Gem: PoniesNow/Sky AtlanticSummed up in a sentence Emilia Clarke and Haley Lu Richardson have heaps of fun as two widows who become cold war spies in this espionage comedy-drama.What our reviewer said "It's a mashup of genres and tropes, but it is its own thing too – and an unexpected treat at that." Lucy ManganRead the full reviewHorror Innovation: BackroomsIn cinemas nowSummed up in a sentence A debut from 20-year-old director Kane Parsons that examines memory, reality and fear in an icily disturbing horror, in which Chiwetel Ejiofor accesses an infinite series of hidden rooms that all feel creepily askew.What our reviewer said "Backrooms progressively raises its game towards the big finish with jump scares, squirm scares and tiny shiver scares. There is real fascination in exploring this vast, invisible city state of fear." Peter BradshawRead the full reviewFurther reading Are you sitting uncomfortably? How Backrooms upended the horror movieMusic and Bromance: Power BalladIn cinemas nowSummed up in a sentence Nick Jonas and Paul Rudd star in a comedy of bromance and betrayal from Irish writer-director John Carney that brilliantly brings together Rudd's washed-up wedding singer and Jonas's insecure ex-boyband superstar.What our reviewer said "Power Ballad is about making it and dreaming big, about every busker never giving up on hopes of one day being mega. But as so often with Carney, it's about something else, usually left unacknowledged in movies about music or any sort of show business: the terrible binary of success and failure." Peter BradshawRead the full reviewUnexpected Pairing: TunerIn cinemas nowSummed up in a sentence Playing a piano tuner with super-sensitive hearing, Leo Woodall's relationship with Dustin Hoffman is a tender highlight in this safe-cracking thriller.What our reviewer said "What a pair they are; they are a real pleasure to watch in an easy, unforced drama that mixes romcom moments with a relaxed crime thriller. It's like the Safdie brothers in chill-out mode." Cath Clarke