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MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

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Now worth $200 million, Sarah Jessica Parker credits being ‘one of eight kids that struggled financially’ for her hunger, ambition, and work ethic

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Ray Dalio says the U.S. just had its 'Suez moment'—and history says what comes next could end an empire

1

MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

2

Now worth $200 million, Sarah Jessica Parker credits being ‘one of eight kids that struggled financially’ for her hunger, ambition, and work ethic

3

Ray Dalio says the U.S. just had its 'Suez moment'—and history says what comes next could end an empire
climate change

Violent Protests Force Emmanuel Macron to Back Down on Fuel Tax

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Hallie Detrick
Hallie Detrick
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By
Hallie Detrick
Hallie Detrick
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December 4, 2018, 5:59 AM ET
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After weeks of nationwide protests in France, Emmanuel Macron has finally backed down.

Prime Minister Edouard Philippe told ruling party MPs Tuesday that he would present “gestures of appeasement” in a TV address to prevent the febrile atmosphere from escalating.

The proposed fuel increase sparked the ‘gilets jaunes’ (yellow vest) protests, which saw damage and violence in Paris and across the country over the past three weekends. The French economy has suffered as well, with retailers, hotels, and restaurants reporting their revenues have slid 15% to 50% since the protests began according to finance minister Bruno Le Maire.

The gilets jaunes protest started as a peaceful opposition to Macron’s planned tax increase on gas and diesel by 2.9 cents and 6.5 cents a liter, respectively, which they say would disproportionately affect people who are already disadvantaged by low wages and unemployment. The concerns of the movement, however, have expanded beyond the proposed fuel tax, now comprising at least 40 demands issued by protesters in a statement.

The fuel tax was intended to mitigate climate change, and the public outcry against it may be a harbinger of things to come as other countries, especially unequal ones, attempt to address the human impact on the environment.

This weekend saw 130,000 people demonstrate across France and more than 580 roadblocks. Over 100 people have been injured, with three deaths linked to the protests.

 

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