Posts tagged with "Biba Fibiger"

Billionaires Gain, Workers Feel Pain

Half a year into a paralyzing pandemic that has cost millions of Americans their livelihoods and lives, the nation’s 643 billionaires have racked up $845 billion in collective wealth gains, a 29% leap since March 18. America’s billionaires reached this startling milestone of wealth accumulation even as special federal relief was drying up for millions of unemployed workers and for hard-pressed state and local governments struggling to provide vital services. Billionaire figures are from Forbes analyzed in a new report by Americans for Tax Fairness (ATF) and the Institute for Policy Studies (IPS).

Between March 18—the rough start date of the pandemic shutdown, when most federal and state economic restrictions were in place—and Sept. 15, the total net worth of the nation’s billionaires rose from $2.95 trillion to $3.8 trillion (see table below and this spreadsheet of all billionaires). That works out to gains of $141 billion a month, $32 billion a week, or $4.7 billion a day. Forbes’ annual billionaires report was published March 18, 2020, and the real-time data was collected Sept. 15 from the Forbes website.

Needless to say, ordinary workers did not fare as well. From mid-March to mid-August, the collective work income of rank-and-file private-sector employees—all hours worked times the hourly wages of the entire bottom 82% of the workforce—declined by 4.4.%, according to Bureau of Labor Statistics data.

In fact, this billionaires’ bonanza occurred against a general backdrop of working-class pain:

The stock market in which billionaires have much of their money invested dropped sharply in the month before the pandemic lockdown. But the six months of gains that followed were not merely a reversal of those losses: billionaires are also $680 billion, or 22%, richer today than they were in February 2019, the release date of the most recent previous Forbes annual report (see table below).

“Every candidate in this campaign season, from presidential hopeful down, who’s pledging to lead us out of the coronavirus crisis must address this stark divergence between the nation’s wealthiest elite and their struggling fellow citizens,” said Frank Clemente, executive director of Americans for Tax Fairness. “The answer starts with creating a fair share tax system that narrows obscene wealth gaps and raises the trillions of dollars needed to address the present emergency and invest in our families and communities over the long-term.”

“The billionaire economy has been turbocharged by policymakers who are now stalling on relief for the real economy,” said Chuck Collins, director of the Institute for Policy Studies’ Program on Inequality and co-author of the report “Billionaire Bonanza 2020.” “The difference is stark between profits for billionaires and the widespread economic misery in our nation. Clearly, the priorities of our elected officials in Washington, DC are completely upside down.”

DATA ON THE WEALTH OF U.S. BILLIONAIRES AT 6 MONTHS & 20 MONTHS AVAILABLE HERE

Even among billionaires, wealth is highly concentrated. Roughly $400 billion, or only a little less than half of the total gains, were captured by just the 15 wealthiest on the billionaires list. The top three gainers alone—Jeff Bezos, Mark Zuckerberg and Elon Musk—enjoyed fully 16% of the spoils, or a collective wealth surge of $137 billion. The total wealth of these three—$403 billion today—is nearly three times the $1.5 trillion in total wealth held by the bottom half of the population, or 165 million Americans. One billionaire from Michigan, Dan Gilbert of Quicken Loans, saw his wealth increase an astonishing 672%, growing from $6.5 billion to $50.2 billion.

The $845 billion wealth gain by 643 billionaires over the past six months far exceeds the:

Low-wage workerspeople of color and women have suffered disproportionately in the combined medical and economic crises because of long-standing racial and gender disparities. Billionaires are overwhelmingly white men.

House Democrats passed a relief bill back in May that offered a lifeline to Americans not sharing in the billionaires’ good fortune during the pandemic. Among its provisions:

All of the above data is available in one table here.

Sen. Bernie Sanders (I-VT) and Rep. Ilhan Omar (D-MN) have introduced legislation for a 60% tax on the pandemic wealth gains of billionaires between March 18 and the end of the year and use the proceeds to help working Americans cover healthcare costs.

Cardi B, Jorja Smith and MØ to play Roskilde Festival 2019

More than 180 music acts will play Roskilde Festival 2019. The Cure, Robyn, Travis Scott, Christine and the Queens, Tears for Fears and many more have already been announced, and they will be joined by 28 new artists from five different continents.

The queen of hip-hop
Straight out of the Bronx, 26-year-old Cardi B is set to headline Northern Europe’s biggest festival. The undisputed queen of hip-hop is responsible for chart-topping singles including Bodak Yellow and I Like It from her debut blockbuster album Invasion of Privacy. With seven Grammy nominations to her name, she is the first female rapper in 19 years to top the Billboard Hot 100 chart and the first ever to have three singles in the top 10 at the same time.

English R&B and pop revelation Jorja Smith is also heading for the stars: Having won the Critics’ Choice at the Brit Awards, Jorja Smith finally released her acclaimed debut album Lost & Found last year. The 21-year-old has worked with artists such as Kendrick Lamar, Kali Uchis and Stormzy, and it is no surprise that she is nominated for Best New Artist at the 2019 Grammys.

Early in her career, Danish superstar  enjoyed a breakthrough on Roskilde Festival’s talent stage. Off the back of her new album Forever Neverland, the Dane is ready to conquer the iconic Orange Stage once again.

Head of programme Anders Wahrén says:
“Cardi B, Jorja Smith and MØ are very different artists, but they’re all bonafide stars. From hip-hop to R&B to pop, they’re shaping the musical landscape, and we can’t wait to see them triumph at Roskilde Festival 2019.”

Bring Me the Horizon are back at Roskilde, this time for a rock lesson on the main stage. Reinvigorated stoner hip-hoppers Cypress Hill are also ready for a triumphant return, 23 years after their last visit, off the back of acclaimed new album Elephants On Acid.

All hail the songwriters of the future
Australian artist Stella Donnelly is one of the most hyped songwriters out there despite not yet having released a full album. Tackling very difficult subjects, her razor-sharp lyrics are personal and brutally honest. Julien Baker, equally, deals with tough issues such as sexuality and self-doubt. She is also part of the alternative supergroup boygenius together with Phoebe Bridgers and Lucy Dacus. The latter is also announced today, having released one of the most praised indie rock albums of 2018, Historian.

Virtually unknown outside of London, teenage quartet Black Midi are deemed the next big thing in the UK: Fans of math-rock and noise will have plenty to look forward to here. Plus there’s more from Sophie, Khruangbin, Girlpool and many more.

Roskilde Festival 2019 will be full of talents, and this is reflected in the festival’s Art Zone as well. Danish artists Alexander Tillegreen, Biba Fibiger and Ida Sønder Thorhauge are among the first to be announced for the arts programme along with acclaimed Brazilian artist Assume Vivid Astro Focus who will build a colourful, psychedelic stage in the Art Zone.

The following 28 artists are announced today:

CARDI B (US)
MØ (DK)
BRING ME THE HORIZON (UK)
CYPRESS HILL (US)
JORJA SMITH (UK)
THE ARMED (US)
BARSELONA (DK)
BLACK MIDI (UK)
FATOUMATA DIAWARA (ML)
GAYE SU AKYOL (TR)
HEAVE BLOOD & DIE (NO)
HUGO HELMIG (DK)
JPEGMAFIA (US)
JULIEN BAKER (US)
KHRUANGBIN (US)
LUCY DACUS (US)
NAKHANE (ZA)
SPEAKER BITE ME (DK)
STELLA DONNELLY (AU)
SOPHIE (UK)
SØREN HUSS (DK)
CARPENTER BRUT (FR)
GIRLPOOL (US)
ALEXANDER TILLEGREEN (DK)
BIBA FIBIGER (DK)
ASSUME VIVID ASTRO FOCUS (BR)
IDA SØNDER THORHAUGE (DK)

60 music acts have now been announced for Roskilde Festival 2019, including The Cure, Robyn, Travis Scott, Julia Holter, Tears for Fears and Christine and the Queens. A total of 180 acts will play across 8 stages at Roskilde 2019, which lasts for eight days between Saturday 29 June to Saturday 6 July. Find out more and book tickets at Roskilde-festival.dk.

  • Tickets to Roskilde Festival are on sale on roskilde-festival.dk.
  • Full festival tickets are DKK 2100 (approx. EUR 282) (including free access to camping).
  • More artists will be announced soon.
  • A total of 180 acts will play the festival’s eight stages.

ALL ACTS (A-Z)

ALEXANDER TILLEGREEN (DK)
ALMA (FI)
ASSUME VIVID ASTRO FOCUS (BR)
BARSELONA (DK)
BIBA FIBIGER (DK)
BLACK MIDI (UK)
BLAWAN (UK)
BRENN. (NO)
BRING ME THE HORIZON (UK)
BROCKHAMPTON (US)
CARDI B (US)
CARPENTER BRUT (FR)
CHRISTINE AND THE QUEENS (FR)
CONVERGE (US)
CYPRESS HILL (US)
DENZEL CURRY (US)
FATOUMATA DIAWARA (ML)
FLOHIO (UK)
FULL OF HELL & THE BODY (US) DOUBLE SHOW
GAYE SU AKYOL (TR)
GHETTO KUMBÉ (CO)
GIRLPOOL (US)
HEAVE BLOOD & DIE (NO)
HUGO HELMIG (DK)
IDA SØNDER THORHAUGE (DK)
JOEY PURP (US)
JON HOPKINS (UK)
JORJA SMITH (UK)
JPEGMAFIA (US)
JULIA HOLTER (US)
JULIEN BAKER (US)
JUNGLE (UK)
KARKHANA (EG)
KHRUANGBIN (US)
KONSTRUKT (TR)
LUCY DACUS (US)
MAURICE LOUCA ENSEMBLE (EG)
MØ (DK)
NAKHANE (ZA)
NENEH CHERRY (SE)
OCTAVIAN (UK)
PARQUET COURTS (US)
POWER TRIP (US)
RIVAL CONSOLES (UK)
ROBYN (SE)
ROSS FROM FRIENDS (UK)
SCARLET PLEASURE (DK)
SOPHIE (UK)
SØREN HUSS (DK)
SPEAKER BITE ME (DK)
SPIRITUALIZED (UK)
STELLA DONNELLY (AU)
TEARS FOR FEARS (UK)
TESTAMENT (US)
THE ARMED (US)
THE CURE (UK)
TIRZAH (UK)
TRAVIS SCOTT (US)

About Roskilde Festival:
Roskilde Festival is 100% non-profit. All profits are donated to social and cultural charities by the Roskilde Festival Charity Society. The festival is right next to the Danish capital of Copenhagen and easily connected by train, bus and flight (Copenhagen Airport).

With more than 180 music acts in the line-up performing on eight stages and over 130,000 passionate music lovers gathered for a full week, Roskilde Festival is among the most unique music festival experiences in the world. A position the festival has held since the early 1970s.

The full festival journey in Roskilde is an eight-day exploration of music, artistic expression, delicious food, sustainability, love, community and party.