In other news, the Occupational Safety and Health Administration (OSHA) is preparing to publish emergency coronavirus regulations for workplaces in states that have rolled back their own pandemic restrictions.
Meanwhile, President Biden had nominated two officials that were very critical of Trump's immigration policies to run the Border Patrol and Immigration Services.
Finally, the eight richest people in the world are now worth $1 trillion combined.
Google co-founders Larry Page and Sergey Brin joined the exclusive club last week, entering a group dominated by U.S. tech entrepreneurs, according to the Bloomberg Billionaires Index. The world’s eight richest people together hold fortunes of more than $1 trillion and have added $110 billion combined this year. [...]
U.S. shares climbed to a fresh record Friday on optimism over the economic recovery. The tech-focused Nasdaq 100 Index has risen more than 7% this year, with Google parent Alphabet Inc. rallying for the past two weeks as it won a copyright ruling. Page and Brin have added more than $20 billion each to their wealth this year, some of the biggest gains.
Warren Buffett briefly reached the $100 billion mark in March before hitting it again last week, while Bernard Arnault of France’s luxury group LVMH has been part of the elite group on and off since 2019.
I am not one of those 'eat the rich' people who thinks billionaires are all evil by nature and must be destroyed, but I do believe they could all pay more taxes and not even notice the money was gone.
They're adding their own wealth so quickly, each of them could pay another billion in taxes and they would make it back in a couple weeks or less. And we're not even in the biggest boom period of post-pandemic life yet. The economic recovery is going to make a lot of rich people even richer.