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Demolition of the East Wing,
which once housed the first lady’s office,
began in October.
Trump has said the new ballroom will be 90,000 square feet and hold 1,000 people,
a complex that will be much larger than the main White House building,
which is about 55,000 square feet.
Cost estimates for the ballroom project have ballooned from $200 million to as much as $350 million.
Wealthy individuals and corporate donors — including billionaire Steve Sc…

California is considering a new tax initiative aimed at billionaires, known as the
"2026 Billionaire Tax Act."
It seeks to impose a one-time 5% tax on individuals with a net worth exceeding $1 billion.
The tax would apply to approximately 200 billionaires residing in California
as of January 1, 2026.

@midtsveen@social.linux.pizza
2026-01-01 02:37:33

Let’s raise a glass to 2026, the year of more billionaire trash!
#Billionaire #Trillionaire #Rich

"2026 is written in the sand on a beach, with gentle ocean waves approaching. The scene conveys a sense of time, transition, and natural beauty."
@Techmeme@techhub.social
2025-12-02 13:19:18

Prediction market Kalshi raised $1B led by Paradigm at an $11B valuation, up from $5B after raising $300M in October 2025, making its co-founders billionaires (Michael J. de la Merced/New York Times)
nytimes.com/2025/12/02/busines

@Mediagazer@mstdn.social
2025-12-31 02:55:34

Lee Enterprises stabilizes its finances as investors buy $50M in new stock, led by $35M invested by David Hoffmann, who will become chair of the company (Josh Funk/Associated Press)
apnews.com/article/lee-enterpr

@krispijn@social.sargasso.nl
2025-11-01 16:36:01

"if we were listening to people on the grounds of whether they had a good track record, the world would not spend a lot of time on #BillGates and climate. "
#ClimateChange
#ClimatePolicy

@Techmeme@techhub.social
2025-12-02 13:55:56

Michael and Susan Dell say they will deposit $250 in individual investment accounts for 25M kids, totaling $6.25B, comparing the gift to Dell's direct model (Nicholas Kulish/New York Times)
nytimes.com/2025/12/02/busines

Hi, it’s Al Franken.
I don’t usually send messages like this, so I’m hoping you’ll read to the end for a GREAT story. 
Before that, though, I want to tell you about Peggy Flanagan.
She is unbelievably great and she’s running to keep Minnesota’s Senate seat blue. 
Her end-of-month fundraising deadline is tonight so I’ll get to the point: Please donate now. 

@Mediagazer@mstdn.social
2025-12-29 11:35:30

Journalist Eoin Higgins says Matt Taibbi is suing him for defamation over Owned, his book about tech billionaires and the left, and "I stand by my work" (Eoin Higgins/The Flashpoint)
eoinhiggins.substack.com/p/yes<…

Elizabeth Warren here — Lt. Gov Peggy Flanagan told me I could reach out, because this is important. 
Peggy is the partner I need to get things done in the Senate,
that’s why I have officially endorsed her campaign.
I know she will be a champion for Minnesotans in Congress. 
Can you please pitch in $5 or anything you can to help power her campaign?
I’ll explain more below about why this is such a critical race.