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.
https://<…
Let’s raise a glass to 2026, the year of more billionaire trash!
#Billionaire #Trillionaire #Rich
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)
https://www.nytimes.com/2025/12/02/business/dealb…
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)
https://apnews.com/article/lee-enterprises-news…
"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
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)
https://www.nytimes.com/2025/12/02/business/dell-children-trump-acco…
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.
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)
https://eoinhiggins.substack.com/p/yes-im-being-sued-by-matt-taibbi<…
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.