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According to wealth tracking group, Informa Connect Academy (ICA), several current industry titans will achieve trillionaire status before the end of this decade. Elon Musk leads the race but it depends on whose share price performs best over the intervening period. As the head of the electric carmaker Tesla, private rocket company SpaceX and social media platform X (formerly Twitter), Musk is currently the world’s richest man with a current net worth on paper of roughly $450 billion (€431.5 billion), according to the Bloomberg Billionaires index. His wealth is estimated to have jumped by more than $170 billion since the US election and his alliance with president-elect Donald Trump, largely on the back of Tesla’s share price. Since the November 5th election, Tesla’s stock has surged 70 per cent. On the basis of his current trajectory, the ICA predicts he will hit the trillion mark in 2027. But Telsa’s share price has been volatile and Musk appears to be driving X into the ground so things may change. India’s business mogul Gautam Adani is predicted to hit the trillion mark in 2028 followed by Jensen Huang, the chief executive of the AI giant Nvidia, and Prajogo Pangestu, the Indonesian energy and mining mogul, provided their current financial trajectories hold. $1 trillion is a hard quantum to hold in your head. Put it this way, it would comfortably buy every home Ireland. It was only six years ago that companies reached the trillion dollar milestone in terms of valuations (Apple became the first to cross the $1 trillion mark in August 2018) and we marvelled, or thought absurd, that a single company could be financially bigger than a developed economy. There are currently nine companies with trillion dollar valuations: Nvidia, Apple, Microsoft, Amazon, Alphabet, Saudi Aramco, Meta, Berkshire Hathway and Taiwanese semiconductor giant TSMC. Now we’re about to confront the notion that an individual could be as valuable as a developed nation and the millions of workers and their labour that comprise it. The Netherlands, one of Europe’s richest countries, has an annual GDP (gross domestic product) of roughly $1 trillion (€960 billion). So if the ICA is right, Musk will be richer than the Netherlands is now by 2027. What this acceleration in individual wealth says about the state of the world or modern capitalism is disturbing. On one level, it suggests that the current period of rapid technological transformation has outgunned the antitrust legislation designed to police it, creating behemoth monopolies and uber elites wielding too much economic power. According to UK economist Duncan Weldon, the wealth of these aspiring trillionaires is also tied into three more conventional but no less consequential economic trends: decades of low interest rates (which have boosted asset values); accelerated corporate profits; and a shift towards less progressive tax systems. Combined, these trends have accelerated global inequality. And this appears to be feeding into a breakdown in consensus politics, a throwback to the Rockefeller days when democracy in many countries fractured. According to Oxfam, this inequality trend has been supercharged by the pandemic. In a report earlier this year, the charity noted that almost five billion people had been made poorer by the pandemic while the wealth of the five richest people had more than doubled, from $405 billion in 2020 to $869 billion in late 2023. That’s an increase of $14 million an hour. The world’s richest 1 per cent now own 43 per cent of all global financial assets and emit as much carbon pollution as the poorest two-thirds of humanity, Oxfam says. Let’s not be naive, market capitalism depends on inequality and is, in part, driven by it (some people will work harder or take financial risks to get ahead), but when the gap between top and bottom gets too large, when a critical mass of citizens feel the system is rigged against them, we tend to get radical politics. That was surely the lesson of the 20th century. In the 1960s, the gap was modest by today’s standards. Expressed as the ratio of the boss’s salary to those on the factory floor, it was just 15-to-1 in the US. According to the Washington-based Economic Policy Institute, it is now 221-to-1. Other estimates suggest it is higher. Of course, salary is just one metric. In Ireland and other countries, an intergenerational divide on housing has become a major and ongoing source of grievance. Musk said once that he believed the effects of technology and artificial intelligence (AI) on employment would soon make it necessary for countries to provide citizens with a basic income as a guardrail against inequality. This was before he bought his way into the second Trump presidency (spending a reported $250 million on the campaign) and supercharging his wealth in the process.None

A devastating road accident near Bengaluru that claimed the lives of six members of a family on Saturday has sparked a debate on whether cars made to be safe are effective on unsafe roads. The family was traveling in a Volvo SUV when a container truck overturned and crushed their vehicle, killing everyone inside. The accident occurred on National Highway 48 near Nelamangala, on the outskirts of Bengaluru. How did the accident occur? A preliminary investigation by the police has revealed the sequence of events leading to the tragic accident that claimed six lives . An Eicher truck, carrying aluminum pillars weighing several tonnes, was en route to Bengaluru when the driver lost control of the vehicle while attempting to avoid a collision with another vehicle ahead. Traveling at high speed, the truck veered off course, crossed the median, and overturned onto a Volvo car heading towards Tumakuru. The impact was catastrophic, leaving the car severely damaged. The truck also collided with a tempo before coming to a halt, though the damage to the tempo was minimal. The shocking moment when the truck crushed the Volvo was captured on a nearby CCTV camera. Police are currently analyzing the footage as part of their ongoing investigation into the accident. The deceased have been identified as Chandrayagappa Gaul (48), his wife Gaurabai (42), and their relatives Vijayalakshmi (36), John (16), Deeksha (12), and Arya (6). The family was on their way to Vijayapura when the tragedy struck. Who is Chandram Yegapagol? Chandram Yegapagol , the CEO and managing director of IAST software solutions, was a prominent figure in Bengaluru's tech industry. A resident of HSR Layout, Yegapagol hailed from Morbagi village in Maharashtra's Sangli district. Yegapagol's educational background boasts impressive credentials. He held a diploma in Electrical and Electronics Engineering from GPT Gulbarga and a Bachelor of Engineering degree in the same discipline from the esteemed National Institute of Technology Karnataka (NITK) Surathkal, as per his LinkedIn profile. According to eyewitnesses, the truck driver, Arif, lost control of the vehicle while trying to save a car that suddenly stopped in front of him. The truck jumped the divider and crashed into the Volvo SUV. The family was on the way to Vijayapura when the accident occurred. As the truck fell on it, the car was badly mangled and the bodies were dismembered, a police officer said. Raging debate on social media The accident has sparked a conversation on social media about road safety , with many users pointing out that even the safest cars cannot save lives if others on the road are driving recklessly. DriveSmart, a social media handle dedicated to promoting road safety, shared disturbing images from the accident site where a Volvo SUV was crushed by a container truck, claiming six lives. The X handle issued a stark warning, stating, "This pic is a reminder that being safer on the road is not achieved by a safer car alone. Safe Roads + Safe Driver + Safe Car --> All three are essential for safety (sic)." Some users, responding to the post, said that while Volvo is renowned for manufacturing safe vehicles, no car can withstand the crushing weight of a container loaded with aluminum. Others took to tagging Road Transport and Highways Minister Nitin Gadkari , urging the government to implement stricter rules and regulations to ensure road safety, highlighting the need for more robust measures to prevent such devastating accidents in the future. Recently during a debate on road safety in the Parliament, Union Minister stated that the number of accidents has gone up significantly. "Forget about reducing the number of accidents, I have no hesitation to admit that it has been increased. This is one area where our department has not achieved success," Gadkari said during the Winter session of the Parliament. He also expressed discontent over the fact that despite so many people dying in road accidents, there is still no fear of law. "Some do not wear helmets, some jump red signal," he said during the Question Hour, while describing the "strange" situation. The union minister noted that parking of trucks on road is a major cause for accidents and many of the trucks don't follow lane discipline. According to government data, over 1.78 lakh people died in road accidents in India last year. This is about 470 deaths every day and a majority of victims are in the 18-34 years age group.

Central to Yee's philosophy is the idea that genuine respect for the acting profession must stem from within. It is not merely about external validation or fame but rather a deep-seated reverence for the art of storytelling and the transformative power of cinema and theater. Yee encourages his fellow young actors to approach their work with humility, sincerity, and a strong work ethic, emphasizing the need to constantly hone their craft and strive for excellence.

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Recently, China's central bank has made a significant adjustment to its monetary policy, shifting from a "prudent" stance to a "moderately loose" approach. This change in policy direction indicates a strategic move to boost economic growth and support various sectors amidst challenging global conditions.In conclusion, the recent revelations by Mourinho and Guardiola highlight the intense nature of the English Premier League and the challenges faced by its top managers. The physical and mental demands of the job are significant, and it is crucial that we support and care for those who dedicate themselves to the beautiful game. As the football world reflects on these issues, let us remember that behind every tactical decision and touchline celebration, there is a person who deserves our understanding and respect.

With the new season on the horizon, Real Madrid's ambitious transfer move signals their determination to bounce back from a disappointing campaign and reclaim their place among the elite of European football. The investment in young talent not only strengthens the squad but also lays the foundation for a bright and promising future for the club.The decision on Manchester City's case has been eagerly anticipated by fans, pundits, and stakeholders in the football world. The Premier League has conducted a thorough investigation into the allegations, examining financial records and interviewing key personnel at the club. The outcome of this investigation will set a significant precedent for future cases involving financial fair play violations and will test the league's ability to enforce its regulations effectively.

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As the negotiations near completion and the transfer edges closer to reality, the excitement and anticipation among Real Madrid fans continue to grow. The prospect of seeing a new star don the famous white shirt and make an impact on the pitch is a thrilling prospect for supporters who are hungry for success.HUNTSVILLE, Texas (AP) — Jonah Pierce had 20 points in Presbyterian's 67-42 win against Youngstown State on Friday night. Pierce added nine rebounds for the Blue Hose (4-3). Kory Mincy scored 12 points, shooting 5 for 11, including 2 for 5 from beyond the arc. Kobe Stewart had 11 points and finished 4 of 9 from the field. Javascript is required for you to be able to read premium content. Please enable it in your browser settings.