The Mars family sits on top of a delicious empire. They’re the heirs to the candy throne that is Mars Inc., maker of Snickers, Mars Bars, Milky Way Bars, Twix, M&M’s, and more — not to mention a portfolio of PetCare products, drinks, and gum, among...
When it comes to the Cathy family’s reported $11 billion fortune, it’s all about the fried chicken. That’s because the Cathys are the family behind the Chick-fil-A empire. S. Truett Cathy officially founded the popular fast-food chain in the 1960s,...
The gap between the rich and the poor in America has widened — and dynastic wealth, which has been bemoaned by Warren Buffett, may be a factor. Dynastic wealth occurs when families pass money down from one generation to the next. It’s a cyclic process: Each...
The median American family owns just over $80,000 in household wealth, while 15 family dynasties own a combined $618 billion. That’s according to the left-leaning Institute for Policy Studies’ Billionaire Bonanza report, which examined the growing...
Attorney General Jeff Sessions’ decision to rescind an Obama-era directive that made enforcing marijuana laws against companies that comply with state laws a “low priority” raised ire in both parties and stoked uncertainty in states where the drug is...
Most Americans believe active discrimination is a declining concern. They believe that despite the challenges our society currently faces, we are at least past the era of outright and explicit exclusion. The case for this belief rests on the fact that black Americans...
The Republican push to sell the public on tax reform kicked into a higher gear Wednesday, as President Trump gave a speech at a manufacturing company in Springfield, Missouri, promoting the forthcoming GOP tax plan as a step to un-rig the economy and close loopholes...
Philippine President Rodrigo Duterte has been busy. He was in China from October 18 to 21, where he continued to cozy up to Chinese leaders and declared his country’s “separation” from the US, a longtime ally. He has since qualified that statement...
Philippine President Rodrigo Duterte swept into office earlier this year with bombastic promises to declare war on the drug dealers and users who he said were blighting his country. And thus far, he has delivered: Since he took office on June 30, about 2,400 people...
In April, the US Drug Enforcement Administration (DEA) said that it would reviewmarijuana’s classification as a Schedule I drug, considered the “most dangerous class” of substances. While the DEA’s announcement is a positive sign, many...
Wondering about executive compensation at the companies you’re invested in? You can sate your curiosity by checking company proxy statements. Federal law requires that publicly-traded companies provide “clear, concise and understandable disclosure” about the...
A new report from the Institute for Policy Studies found that the bonus pool for 172,400 Wall Street employees doubled the combined annual earnings of 895,000 full-time minimum wage workers in the US. The average bonus in 2015 was $146,200, which was 4% higher than in...
Phyllis Bennis, a scholar at the Institute for Policy Studies, progressive think tank, told Business Insider that the decision to launch airstrikes now could undermine the U.S. push for a new, more inclusive government. “The ‘humanitarian’ mission has already crept....
One of the things brought up was a new study by the Institute for Policy Studies and Campaign for America’s Future showing that the CEOs behind “Fix the Debt” have benefited from tax breaks for executive compensation to the tune of about $1 billion...
