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…

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