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Health
Not Ready To 'Eats Bugs With Bill Gates': Republicans Slam 'Woke' Lab-Grown Meat
Apr 01, 2024
As the lab-grown meat industry gains traction with federal backing and high-profile investments, several U.S. states are taking a stand against the sale and distribution of these products, raising questions about the future of this innovative food sector. What Happened: Several U.S. states are introducing bills aimed at curbing the sale and distribution of lab-grown meats, despite having received the green light from federal authorities and attracting significant investment interest, The Financial Times reported on Sunday. Since the beginning of the year, Republican legislators in at least seven states have put forward proposals targeting the nascent industry of edible proteins cultivated from animal cells. This legislative effort follows the federal government’s endorsement of lab-grown chicken as safe for human consumption last year. Currently, this modern cuisine is only available at a Michelin-starred restaurant in San Francisco and a Washington eatery owned by renowned chef José Andrés. Florida’s governor, Ron DeSantis, has publicly criticized lab-grown meat, linking it to a “woke” ideology. Tennessee representative Bud Hulsey (R-Tenn.) also expressed opposition in a March hearing. "Some folks would probably like to eat bugs with Bill Gates, but not me," he said. "I think the Nuremberg code was all set up so you would not experiment on human people with new products and new experimentations without it being tested and tried and ...Full story available on Benzinga.com
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Business
Wealth of the top 1% in U.S. hits all-time high of $45 trillion
Mar 29, 2024
Data released by the Federal Reserve on Thursday shows the top 1% of Americans are the richest they've ever been.The new data reveals that at the end of the fourth quarter last year they had a record $44.6 trillion in wealth. That's up from $30 trillion in 2020.The main driver of wealth gains last year was from the stock market hitting record highs. While wages are increasing for average Americans, the top 1% is gaining wealth at a much faster pace.The wealth of U.S. billionaires is currently at $5.5 trillion, which is up 88% since the start of the Covid-19 pandemic. The nation's rich accruing so much wealth in recent years has renewed calls for a wealth tax.Sen. Elizabeth Warren (D-Mass), Rep. Pramila Jayapal (D-Wash.), and others are pushing to pass the Ultra-Millionaire Tax Act, which would put a 2-cent tax on every dollar of wealth over $50 million. Warren referred to U.S. President Joe Biden calling for higher taxes on billionaires during his State of the Union when the bill was reintroduced earlier this month."As President Biden says: No one thinks it's fair that Jeff Bezos gets enough tax loopholes that he pays at a lower rate than a public school teacher," said Warren. "All my bill is asking is that when you make it big, bigger than $50 million dollars, then on that next dollar, you pitch in 2 cents, so everyone else can have a chance."As progressives fight to pass a wealth tax at the federal level, legislators in many states are pursuing their own wealth taxes.
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Business
3 Low-Priced REITs With Massive Yields
Mar 25, 2024
Real estate investment trusts (REITs) are poised for a rebound as the Federal Reserve nears its policy tightening cycle and construction activity is expected to pick up with lower borrowing rates. While the majority of REITs have delivered negative returns so far this year as the benchmark federal funds rate stands at a 22-year high, their discounted prices offer an ideal buying opportunity. Historically, there’s been a notable resurgence in total returns following the conclusion of monetary policy tightening cycles. REIT total returns showcased impressive performance in the final quarter of 2023, coinciding with the Fed’s decision to maintain rates and signal a dovish stance for 2024. Below are some popular low-priced REITs with impressive yields. Creative Media & Community Trust Creative Media & Community Trust Corp. (NASDAQ:CMCT) is a Maryland-based residential REIT specializing in multifamily properties and office spaces. Currently trading at $3.71, Creative Media boasts a dividend yield of 9.01%, making it an attractive investment option for value investors. The REIT currently pays $0.34 per share in dividends annually. The rising demand for multifamily properties is expected to boost Creative Media & Community Trust's growth in the near term. In the third quarter of 2023, which ended Sept. 30, Creative Media & Community Trust's overall multifamily occupancy rate rose ...Full story available on Benzinga.com
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