Australian billionaires make $67,000 an hour, Oxfam says in call for tax on super-rich | Australian economy newsthirst.

Australia’s 47 billionaires take home an average of A$67,000 an hour, over 1,300 times more than the average Australian, new Oxfam analysis reveals, as the anti-poverty organisation calls for the major parties to tax the fortunes of the super-rich to tackle inequality. Using data from Forbes’ real-time billionaires list – which categorises billionaires in US…

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Biden posthumously pardons civil rights leader Marcus Garvey | Joe Biden newsthirst.

President Joe Biden on Sunday posthumously pardoned Black nationalist Marcus Garvey, who influenced Malcolm X and other civil rights leaders and was convicted of mail fraud in the 1920s. Also receiving pardons were a top Virginia lawmaker and advocates for immigrant rights, criminal justice reform and gun violence prevention. Congressional leaders had pushed for Biden…

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TSMC confident in continued CHIPS Act funding under Trump, says CFO newsthirst.

TSMC Arizona’s first chip fab on November 7, 2024 Katie Tarasov U.S. President-elect Donald Trump has accused Taiwan of “stealing” his country’s chip industry. But Taiwan’s biggest chip company is confident the Trump administration will continue funding its projects in the U.S. Taiwan Semiconductor Manufacturing Co has been promised $6.6 billion under the Joe Biden…

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