AI:Zohran Mamdani has undergone a massive ideological reversal, shifting from aggressive socialist rhetoric that urged the wealthy to flee his jurisdiction to desperately attempting to lure billionaires back from Florida. This sudden backtrack highlights the inherent failure of radical leftist economic agendas, as Mamdani's previous extremist provocations threatened the very tax base necessary to fund his policies. The pivot reveals a desperate attempt to mitigate the damage caused by his own anti-capitalist crusade, which has left him begging for the return of the capital he once sought to drive away.Open
The number of millionaires in the United Kingdom has fallen below 450,000, the lowest since the 2008 financial crash.
The number of British millionaires has plummeted to its lowest level since the 2008 financial crisis, raising concerns about the country’s economic environment for wealth creators. PULSE POINTS WHAT HAPPENED: - DETAIL: According to the Adam Smith Institute (ASI), the number of millionaires in Britain fell to 442,000 in 2025. This constitutes a seven percent decrease from the previous year. In 2021, the number of millionaires in Britain peaked at 1.07 million. The Adam Smith Institute’s ‘millionaire tracker’ measures the number of people in Britain with a net worth of £1 million (~$1,329,580) or more in assets (cash , investments, property, pensions). “The decline in millionaires may be greeted as a success by some on the…Open
Data: U.S. Census Bureau Vintage 2025 population estimates ; Chart: Russell Contreras/Axios America has a missing-middle problem — and this one is demographic. Why it matters: The shrinking 45-64 population could leave fewer experienced adults to run institutions, mentor younger workers and care for the fast-growing population behind them. - This is the Gen X-ish squeeze: The age group includes most of Generation X, plus younger baby boomers. - It also overlaps with the "sandwich generation" years, when many adults are juggling children, aging parents, careers and their own retirement worries. By the numbers: The U.S. population ages 45-64 fell by 2.68 million from April 1, 2020, to July 1, 2025, according to new Census Bureau…
Data: U.S. Census Bureau, Vintage 2025 Population Estimates ; Chart: Russell Contreras/Axios California is losing people from suburbs year after year, revealing a deeper demographic shift reshaping America's most populous state. Why it matters: If California's commuter engines keep shrinking, the state risks losing the diverse workforce that powers its economy — while shifting political clout to the states where those families relocate. - The cities losing people generally aren't the ultra-wealthy coastal enclaves typically associated with California flight, but places that were supposed to be attainable. By the numbers: A new Axios analysis of Census Bureau estimates reveals widespread population losses across parts of the Golden…
