Americans used to talk the talk as immigration idealists: "Give me your tired, your poor, your huddled masses yearning to breathe free." This spirit contributed to today's diverse U.S. population. But now the American way for many is instead to look inward. Indeed, the country is at the center of a global movement toward nationalism, oxymoronic as that may sound. This week, the U.S. Supreme Court authorized a plan to bar immigrants who are poor, or seen to be at risk of becoming poor. Separately, the White House is considering whether to curb travel from seven more Muslim-majority nations in addition to the five already targeted. Billionaire philanthropist George Soros said recently at the World Economic Forum in Davos that, of all the nations turning inward, India is the "most frightening setback." Like U.S. President Donald Trump, Prime Minister Narendra Modi also enacted an immigration policy that puts Muslims at a disadvantage. Youth protests against his administration are growing, with a nationwide demonstration Thursday (which turned violent at one point). Regardless of the continuing unrest, the Hindu majority has spoken: Modi's stance was rewarded last year with a landslide re-election. In Europe, as in the U.S., conflict over immigration has stirred isolationism. Consider the U.K.'s conflict over how to admit immigrants; the populist Five Star movement that's faltering in Italy; and the rise of a Hungarian leader, Viktor Orban, who put up barbed-wire border fences and detained and starved refugees. Trump reportedly met Orban, and proclaimed "it's like we're twins." —Philip Gray Did you see this? U.S. industries with the most female workers are among the least likely to offer paid parental leave. Women are testifying against former producer Harvey Weinstein in his rape and assault trial in New York, describing an alleged pattern of predation against actresses. Claims against Weinstein sparked the modern #MeToo movement. Companies whose directors are exclusively straight white men will no longer be able to go public in the U.S. and Europe with help from Goldman Sachs, the bank said. (Asia, where demographics are especially skewed, is an exception for now.) A search firm will help to diversify boards. Unequal incomes, unequal taxes: The $764 billion inherited by Americans this year will be taxed at a rate of only about 2.1%. Can a human rights activist reverse Facebook's reputation as an under-policed haven for hate speech? The company says it's trying a new approach. Russia's next billionaires aren't all men: Some daughters are inheriting fortunes. Senator Bernie Sanders was recently endorsed by podcast host Joe Rogan. The Human Rights Campaign called on the Democratic presidential candidate to renounce the endorsement, saying Rogan "has attacked transgender people, gay men, women, people of color and countless marginalized groups." We love charts Dhaka, Bangladesh, is where the most people are breathing the worst air right now. Here's our chart of air pollution for Thursday, Jan. 30. Follow the money Responsible investing (whatever that means) was once just a buzzword to mention in prospectuses. Within that specialty, women came to be better represented than in finance at large. Under pressure from shareholders, major funds like those at BlackRock shifted to focus squarely on environmental sustainability—and men are now eager to muscle in. |
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