Gavin Newsom’s billionaire tax two-step: squeeze the rich nationally, spare California’s donor class

Gov. Gavin Newsom is trying to sell America on a national billionaire tax as he cultivates a likely White House run in 2028 — despite passionately opposing the same levy in California. The governor introduced a national billionaire tax plan Friday morning, less than a day after his office failed to block a state wealth tax going to California voters in November. The measure is seeking to levy a one-time, 5% tax on billionaires to cover healthcare costs in the state.  Newsom announced he supports a national levy adding “the fight to make the wealthiest Americans pay more in taxes…

Ex-’60 Minutes’ boss Bill Owens blasts Paramount, CBS News leaders in tell-all: ‘Worst-run media company in the history of America’

Former “60 Minutes” executive producer Bill Owens is reportedly writing a tell-all memoir about his 37 years at CBS News, taking aim at owner Paramount, its CEO David Ellison and editor-in-chief Bari Weiss, among others. In a proposal obtained by Breaker Media, Owens describes Paramount’s decision to settle President Trump’s…

Saks emerges from bankruptcy with new name and focus on luxe retail

Luxury retailer Saks Global on Friday emerged from Chapter 11 bankruptcy after nearly five months, under a new ownership structure and corporate name and with a smaller store footprint and lower debt. The company will operate under the name Exemplar Luxury Group (ELG), and will focus on luxury retail, after Saks closed most of…

NextEra discussing B deal for Dominion Energy: report

US power firm NextEra Energy is discussing a mostly stock deal for Dominion Energy that would value the smaller Virginia-based utility at about $76 per share, or around $66 billion, Bloomberg News reported on Sunday. The offer represents a premium of roughly 21% to Dominion’s closing price on Friday, according to Reuters calculations. NextEra would exchange…

Democratic Calif. gov candidate and ex-LA mayor blasts party for blaming homeless, affordability crises on Trump

Former Los Angeles Mayor Antonio Villaraigosa, a Democrat running for California governor, said Saturday that California Democrats cannot blame President Donald Trump for the state’s homelessness and affordability crises. Villaraigosa said Democrats still need to confront problems created under their own party’s leadership after calling Trump “a threat to our democracy.” “But…

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