Daily News 10/29
Daily News 10/29
Daily News Archives Since June 2026
What Workers Should Know about the Affordability Crisis A New York Times headline in early 2026 announced what many workers have known for years: “For Many Cash-Strapped Americans, ‘Basic Living has become a Burden.’” Living paycheck-to-paycheck, with little or no savings for emergencies, workers are struggling to make ends meet. It should come as no surprise that, without a clear sense of the problem’s source, workers are left blaming easy targets: immigrants, people of color, religious minorities, or damaging decisions by a few, corporate bad apples. But as Grand Theft Capital demonstrates, workers’ current conditions are the result of a deliberate, long-term effort by the corporate rich to increase their own wealth largely by extracting it from workers’ pockets. The evidence shows that workers’ wages have not kept pace with rising costs and that they’re feeling unhappy and stressed on the job. This partly reflects the weakening of worker power as union membership has declined over the past sixty years—reaching levels last seen before the major unionization wave of the 1930s. Regardless of what mainstream economists and the Consumer Price Index suggest, successive generations of young workers have been confronting difficult and precarious employment conditions. On top of it all, workers of all generations are alarmed at the possibility of job obsolescence given the looming threat of AI and automation. In the face of this evidence, Grand Theft Capital offers a clear answer to the source of the problem and charts a clear way forward. VideoWhat workers are facing is nothing less than a class war waged from above; the only solution is an equally determined class war from below.
Video:California’s Coast Faces a SHOCKING New Threat — And It Could Get Even Worse
Video: Mass Protests Across Europe: Are Governments Losing Control? Tariq Ali Breaks It DownEurope is witnessing a wave of political unrest, demonstrations and public resistance unlike anything seen in recent years. With growing frustration over economic pressures, foreign wars, political leadership and social inequality, protests are spreading across the continent. On this edition of Analysis, presenter John Rees is joined by renowned writer, historian and activist Tariq Ali to examine the roots of this growing movement and what it could mean for Europe’s future. Is this simply another cycle of protest, or the beginning of a wider political rebellion? How will European governments respond? Could harsher measures and increased repression deepen the crisis? And what lessons can history teach us about moments such as these? Join us for a compelling and in-depth discussion on the forces reshaping Europe today.
Video: The Hidden Cost of Trump’s Cruelty
Video: Shocking Tide At The Golden Gate – San Francisco DECLARES Emergency Ahead Of El Niño
Video: Supreme Court Bars Judges From Pausing Deportations While Appeals Are Decided
Video: Class 6: “Political Power and Wealth” by UC Berkeley Professor ReichThis week brings us to one of the core problems of widening inequality — the inevitability that concentrated income and wealth at the top comes with political power. This creates a vicious cycle by which the super-rich get changes in the rules of the game that make them even richer, which enables them to make further changes. The questions I’ll be addressing this week: How does economic power translate into political power? How does political power generate more economic power? How much of the phenomenon of widening inequality is due to this vicious cycle? Also: What’s the difference between “pre-distribution” and “redistribution” of income and wealth? In what ways are income and wealth now pre-distributed upward?
Video: San Francisco Just Declared a State of Emergency — And the Situation Is Getting WorseSan Francisco just declared a state of emergency, and the ocean is already a foot higher than the tide tables say it should be. In this video, we break down what the mayor’s emergency order does, why the Golden Gate tide gauge crossed the National Weather Service flood line on a calm Sunday with no storm, and what could happen when the king tides arrive in December. We cover the El Niño forecast, which gives an 83% chance of becoming the strongest El Niño since records began in 1950. We also look at the king tide dates to watch, the Embarcadero and Marina District flood risks, the Ocean Beach sewer tunnel and the $175 million wall, and what the record 1983 El Niño tide tells us about the winter ahead.
The Wealth of the Richest Americans is Up by Nearly $1 Million, So Trump Gave Them a Big Tax Cut New data show the rich got much richer over the past three years. And most of the benefits went to the very wealthy. From 2022 to 2025, the net worth of the richest 10 percent of households increased by $872,400 (Figure 1). These households had a median net worth of $2,797,500 in 2022 that grew to $3,669,900 in 2025. Most likely their net worth has continued to grow substantially in 2026 since the value of the stock market has increased and the richest households own most of it. In 2025, President Trump signed into law the One Big Beautiful Bill Act (OBBBA) which has policies that hurt low- and moderate-income Americans while making the ultra-rich even richer. In dollar terms (and in percentage-point change), the largest tax cuts from OBBBA go to the highest income quintile. The lowest quintile receives a tax cut of $150 in 2026, but the richest quintile receives $12,540 (Figure 2).
Officials of Mecca Pact Nations Gather For Talks In Tehran, Defying Trump
$55 Billion in Stock Buyback Wealth for Google Oligarchs‘Rats Run Away’: Facing Criminal Probe, Flávio Bolsonaro Flees Brazil to US After Loss to Lula