Long before the L.A. fires, America’s housing crisis displaced millions
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Updates every hour. Last Updated: 15-May-2025 20:09 ET (16-May-2025 00:09 GMT/UTC)
With Uncle Sam running chronic trillion-dollar deficits, one proposal to increase revenue has been to raise it from the wealthiest Americans: through a tax, not on their yearly income, but on their accumulated wealth.
U.S. Sen. Elizabeth Warren, D-Mass., introduced one version of a wealth tax, which would tax net worth over $50 million at 2% and net worth over $1 billion at 3%. But it’s never come to a vote, and critics charge it would reduce gross domestic product, partly by reducing people’s incentives to save money.
But new research from Texas McCombs questions whether wealth taxes reduce savings. Marius Ring, an assistant professor of finance, investigates the real-world effects of a wealth tax in Norway — one of the few countries that currently implements one.
Tree crops – for example, apple, cherry, olives, nuts, coffee, and cacao – cover more than 183 million hectares worldwide, yet remain largely overlooked in agricultural policies, despite their critical role in achieving the United Nation’s Sustainable Development Goals (SDGs). An international research team, with the participation of Göttingen University, highlight how these crops are not only essential to feed the world and for global economies, but also hold immense potential for protecting biodiversity and the climate, as well as improving livelihoods for millions of people worldwide. The findings were published in a Perspectives article in Nature Sustainability.
In a vital effort to address our planet’s most profound and urgent challenges through a distinctive lens, Clark University has announced the establishment of the School of Climate, Environment, and Society, to open in Fall 2025.
The school elevates Clark’s historic academic strengths and leading-edge research to embolden an urgently needed response to climate change and related ecological and social crises. To address these challenges, society needs a better way of understanding our world. Clark programs will advance critical systems thinking that integrates learning from across traditional disciplines like economics, political and social sciences, natural sciences, data sciences, the humanities, and business — empowering students and faculty to pursue innovative and human-focused approaches to global problems on a local, regional, and planetary scale.
A new University of Houston study of hemp microbes may lead to more sustainable farming methods, using nature to boost the growth of the plant which has become increasingly popular for its versatile uses: CBD-rich varieties are in high demand for pharmaceutical products, while fiber-rich varieties are valued for industrial applications like textiles.
A new study by researchers Valentina A. Assenova and Raphael Amit from The Wharton School, University of Pennsylvania, reveals how cultural tightness and looseness significantly influence entrepreneurial activity worldwide. Published in the Strategic Entrepreneurship Journal, the research investigates why some nations and regions produce more startups than others, offering a fresh perspective on the intersection of culture and entrepreneurship.
Drawing on data from 156 nations and 50 U.S. states, the study introduces cultural tightness-looseness (CTL) as a pivotal factor shaping entrepreneurial ecosystems. CTL measures the strength and enforcement of social norms—with tighter cultures exhibiting strict adherence to rules and looser cultures favoring flexibility and tolerance for deviation. The research found that cultural looseness explains 56% of the variation in new firm formation rates across nations and 71% of the variation in new entrepreneur rates within U.S. states.