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For many Americans, 2025 wasnt a great year financially. The affordability crisis and general economic concerns became defining themes of the year as people dealt with rising costs and a worsening job market. But for billionaires, 2025 was a boon to their already exuberant wealth. The 15 richest billionaires in the United States saw their wealth grow by more than $1 trillion over 2025, according to a new analysis from the Institute for Policy Studies, a Washington, D.C., think tank As of the end of 2025, those 15 billionaireseach with assets over $100 billionhave a combined wealth of $3.2 trillion, up from $2.4 trillion a year ago. Thats a gain of 33%, which is more than double the growth of the S&P 500 in the same time period, the Institute for Policy Studies notes. Over 2025, the S&P 500 rose 16%. (A double-digit gain is strong, but it is down from recent years; the S&P 500 returned 23% in 2024, and 24% in 2023.) How the wealth of the top 5 richest billionaires has changed Not only did billionaires get richer in 2025, but more Americans became billionaires. At the end of 2024, there were 813 billionaires in the U.S., according to an Institute for Policy Studies analysis of Forbes data. Those billionaires had a combined wealth of $6.72 trillion. By the end of 2025, there were 935 billionaires in the U.S., and their combined wealth totaled $8.1 trillion. When Forbes first began tracking the 400 wealthiest Americans in 1982, there were just 13 billionaires on the list. The top five wealthiest billionaires have changed over the last year, too. At the beginning of 2025, the top wealthiest billionaires were Tesla and SpaceX CEO Elon Musk, Amazon founder Jeff Bezos, Oracle cofounder Larry Ellison, Meta CEO Mark Zuckerberg, and Google cofounder Larry Page. This year, Zuckerberg was bumped off that list, and Google cofounder Sergey Brin joined its ranks; 2025 was the best year for Googles stock since 2009, with shares growing 65%, buoyed in part by the tech giants push into artificial intelligence. In contrast, the stock price for Zuckerbergs Meta Platforms grew about 13%. Though Meta also focused on AI, its strategy was more scattershot, experts have said, leading to internal confusion and the tech company falling behind other AI leaders. In its analysis, the Institute for Policy Studies broke down the current top five billionaires, and how their wealth increased from January 1, 2025, to January 1, 2026. They are: Elon Musk of Tesla/X and SpaceX: worth $726 billion, up from $421 billion a year ago Larry Page of Google: worth $257 billion, up from $156 billion a year ago Larry Ellison of Oracle: worth $245.billion, up from $209 billion a year ago Jeff Bezos of Amazon: worth $242.billion, up from $233.5 billion a year ago Sergey Brin of Google: worth $237 billion, up from $148.9 billion a year ago The rich got even richer all around the world. According to a Bloomberg analysis, global billionaire wealth increased $2.2 trillion. (That analysis was released several days before December 31.) An affordability crisis for average Americans This stark increase in wealth among the already wealthy comes as many Americans are struggling with affordability. Nearly half of Americans surveyed in a November 2025 Politico poll said they find it difficult to afford groceries, utility bills, healthcare, housing, and transportation. Last year was filled with these stories: about grocery prices increasing, utility bills skyrocketing, and healthcare premiums surging ahead of the expiration of Affordable Care Act (ACA) subsidies. This crisis is expected to get even worse, experts say, as cuts to programs like Medicaid and food stamps will take effect in 2026. Those cuts are part of President Trumps budget bill, which he called the Big Beautiful Bill and signed into law 2025. The cost-of-living crisis has led to a new public focus on both affordability and wealth inequality. That was seen in the election victory of Zohran Mamdani, who was sworn in as New York City mayor on January 1. Mamdani campaigned on making New York more affordable, and received notable support from public figures, including Senator Bernie Sanders of Vermont and former labor secretary Robert Reich, both of whom have frequently criticized billionaires. More everyday Americans seem to be paying attention to inequality and criticizing billionaires, too. In a 2025 Harris Poll, nearly three-quarters of Americans said wealth inequality is a serious national issue, and 67% said billionaires are “creating more of an unfair society.”
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Americas National Parks offer some of the countrys most impressive vistas and that fact draws hundreds of millions of people to the parks each year. But more changes are on the way for the National Parks in 2026 and visitors arent likely to be happy with all of them. Anyone traveling to visit a destination thats part of the park system especially from abroad should expect to see an array of new policies implemented under the Trump administration, which already made sweeping cuts to the parks budget and began to weave its America first agenda into some of the countrys most cherished places in 2025. On some level, the Trump administration is trying to reshape the National Parks system into a microcosm of its own ideology, with perks for Americans, higher costs for everyone else, and a new aesthetic that puts a very specific idea of patriotism at its center. Entry changes on the way this year Starting in 2026, the parks will offer more dates with free entry for visitors, but only U.S. residents will get in for free. The Trump administration will remove existing free admission dates on Martin Luther King Jr. Day and Juneteenth, while adding a new holiday for President Trumps birthday. The new patriotic fee-free dates, are as follows: Presidents Day (February 16, 2026) Memorial Day (May 25, 2026) Flag Day/President Trumps birthday (June 14, 2026) Independence Day weekend (July 35, 2026) 110th Birthday of the National Park Service (August 25, 2026) Constitution Day (Sept. 17, 2026) Theodore Roosevelts birthday (Oct. 27, 2026) Veterans Day (November 11, 2026) For days with normal admission, entry into the parks can be obtained through a day pass (previously $35 or less for a vehicle with a lower cost for visitors without a car) or with the annual America the Beautiful pass. While some parks dont charge admission at all, the most visited parks do and thats where park visitors are likely to notice the changes. In many instances, day pass pricing will go up for non-U.S. residents, who will now need to pay $100 per person to get into 11 of the most popular parks. Parks with higher day fees starting this year are Acadia, Bryce Canyon, Everglades, Glacier, Grand Canyon, Grand Teton, Rocky Mountain, Sequoia and Kings Canyon, Yellowstone, Yosemite and Zion National Parks. The annual pass will continue to cost $80 for U.S. residents, but the price will shoot up to $250 for visitors who dont live in the U.S. President Trumps leadership always puts American families first, Secretary of the Interior Doug Burgum said. These policies ensure that U.S. taxpayers, who already support the National Park System, continue to enjoy affordable access, while international visitors contribute their fair share to maintaining and improving our parks for future generations. Motorcycle riders will also get special status under the 2026 changes. Starting this year, one annual pass covers entry for two motorcycles, making national park adventures more accessible for riders and families who travel on two wheels. While that news is a boon for motorcyclists, it may also put an additional burden on parks where two-wheeled accidents are common. Because many of Americas most beautiful places also feature winding roads, dramatic cliffs and quick-changing weather, motorcycle accidents feature prominently in the incident reports that track injuries and fatalities in the National Parks. Changing a well-loved design to be patriotic Controversially, the administration will also change the design for the annual passes, which traditionally feature animals and nature scenes showcasing a particular parks natural beauty. This year, the Trump administration will introduce new, modernized graphics for all annual passes, featuring bold, patriotic designs, a change that has many annual passholders on social media brainstorming workarounds to avoid a possible Trump-centric design, including vinyl stickers that raise money for the National Parks Foundation. Many annual parks pass holders, author included, collect the passes from year to year and enjoy discovering each years fresh nature design. The look and price of the annual pass isnt the only thing changing. This year will be the first to introduce a digital version of the America the Beautiful pass. The system previously relied on National Parks visitors holding onto a credit card-sized pass for a full calendar year, with little recourse if they misplaced it. The digital pass option, new designs notwithstanding, is one of the only new pass changes that even Trumps critics will probably appreciate in 2026. Many changes already swept the National Parks in 2025 2025 was a year of dramatic change to the National Parks system, which is still reeling from the government shutdown, budget cuts and additional strain to its already tight resources. In March, the Trump administration directed the U.S. Department of the Interior to remove any displayed signage, books, monuments or installations that “inappropriately disparage Americans, past or living.” In an executive order, the Trump administration claimed that a corrosive ideology spread by political opponents like the Biden administration unfairly painted a picture of America as inherently racist, sexist, oppressive, or otherwise irredeemably flawed. Instead of capturing accurate historical accounts that place the national parks into context, the Trump administration prioritizes painting America in a positive light and glossing over the more complex human story of many of the countrys most beautiful places, which often sit on land once occupied by Native American tribes. A rocky year for parks employees New policies reshaping the National Parks in 2026 may do little to address the underlying problems the NPS faces, many of which have been worsened by the Trump administration itself. An investigation by The New York Times found that over 90 National Parks reported problems between April and July 2025 related to federal budget cuts, staff departures and a freeze on hiring. Those problems include reduced visitor center hours, skipped visitor fees, vanishing educational programming and even dirtier bathrooms, as a smaller parks workforce is spread even thinner than before. Since Trump took office, the NPS has lost a quarter of its permanent workers, including many who accepted the administrations buyout offer for federal employees. At least 20 percent of the national parks were understaffed or significantly strained in 2025, according to internal interior department data obtained by the Times. Many parks also face other serious issues that could impact visitor safety, including a growing backlog of trail maintenance tasks and a reduced emergency services response a risky proposition in some of Americas wildest landscapes. Outgoing director of the National Park Service Charles F. Chuck Sams, the first Native American named to lead the NPS, expressed deep concern about the impact on park staff in an interview with Underscore Native News early this year. How can the national parks be healthy and happy if their staff are not healthy and happy? Sams asked. I have great concerns for the staff of the National Park Service. You can feel their angst, their confusion and their frustration and their anger.
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This new year comes with a new moon. Skywatchers are in for a treat this weekend as 2026 rings in the first supermoon of the year, along with a Quadrantid meteor shower. The January full “wolf moon” is forecast to appear overnight into tomorrow morning Saturday, January 3, peaking at 5:03 a.m. ET when it will be at its fullest, according to EarthSky. However, don’t be fooled: It will appear full both nights, due to its close proximity to Earth (making it appear 14% larger), and proximity to Jupiter and Gemini’s twin starsall of which will make it appear even brighter. All that light, however, could make it harder to see the Quadrantid meteor shower: bright, short-lived fireballs that can streak across the sky at up to 120 per hour, and come from debris left behind by asteroid 2003 EH1. January’s supermoon is, technically, the last in a string of four consecutive supermoons that started in late 2025. Simultaneously, it’s the first of three supermoons on deck for 2026. The others follow in November and December. Why is it called a wolf moon? January’s annual “wolf moon” is thought to be named after the animal, which is known to howl during long winter nights, per the Old Farmer’s Almanac. Native Americans used the moons to track the seasons, and the wolf moon may have gotten its name from European settlers. How to view this ‘wolf moon’ To view the wolf moon, look to the eastern horizon tonight at dusk, Friday January 2, right before sunset. “It will appear particularly large while close to the horizon thanks to a phenomenon called the “moon illusion,” a visual effect that makes low-hanging moons seem oversized,” according to Space.com. (Also, check out the sunset on Saturday, January 3, for same effect.) This winter’s supermoon will be easier and more convenient to see because it will be visible low in the sky once its dark, and then climb higher in the sky, according to BBC’s Sky at Night magazine.
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President Donald Trump has spent much of his two-week vacation in Florida golfing. But when he gets back to the White House, there’s a military golf course that he’s never played that he’s eyeing for a major construction project. Long a favored getaway for presidents seeking a few hours solace from the stress of running the free world, the Courses at Andrews inside the secure confines of Joint Base Andrews in Maryland, about 15 miles (24 kilometers) from the White House are known as the president’s golf course.” Gerald Ford, Ronald Reagan, George H.W. Bush, Bill Clinton, George W. Bush, and Joe Biden have spent time there, and Barack Obama played it more frequently than any president, roughly 110 times in eight years. Trump has always preferred the golf courses his family owns spending about one of every four days of his second term at one of them. But he’s now enlisted golf champion Jack Nicklaus as the architect to overhaul the Courses at Andrews. Its amazing that an individual has time to take a couple hours away from the world crises. And theyre people like everybody else, said Michael Thomas, the former general manager of the course, who has golfed with many of the presidents visiting Andrews over the years. Andrews, better known as the home of Air Force One, has two 18-hole courses and a 9-hole one. Its facilities have undergone renovations in the past, including in 2018, when Congress approved funding to replace aging presidential aircraft and to build a new hangar and support facilities. That project was close enough to the courses that they had to be altered then, too. Trump toured the base by helicopter before Thanksgiving with Nicklaus, who has designed top courses the world over. The president called Andrews a great place, thats been destroyed over the years, through lack of maintenance. Other golfers, though, describe Andrews grounds as in good shape, despite some dry patches. Online reviews praise the course’s mature trees, tricky roughs, and ponds and streams that serve as water hazards. The courses are mostly flat, but afford views of the surrounding base. “They all like to drive the cart” The first president to golf at Andrews was Ford in 1974. Thomas began working there a couple years later, and was general manager from 1981 until he retired in 2019. He said the Secret Service over the years used as many as 28 golf carts as well as the president’s usual 30-car motorcade to keep the perimeter secure. Its a Cecil B. DeMille production every time, said Thomas, who had the opportunity to play rounds with four different presidents, and with Biden when he was vice president. He said the commanders in chief generally enjoyed their time out on the course in their own unique ways, but they all like to drive the cart because they never get an opportunity to drive.” Its like getting your drivers license all over again,” Thomas laughed. Trump golfs most weekends, and as of Friday, has spent an estimated 93 days of his second term doing so, according to an Associated Press analysis of his schedules. That tally includes days when Trump was playing courses his family owns in Virginia, around 30 miles (48 kilometers) from the White House, and near his Florida estate Mar-a-Lago, where he’s spending the winter holidays. It also includes 10 days Trump spent staying at his golf club in Bedminster, New Jersey, where his schedule allowed time for rounds of golf. Trump has visited Andrews in the past, but the White House and base have no record of him playing the courses. Another of Trump’s construction projects Andrews military history dates to the Civil War, when Union troops used a church near Camp Springs, Maryland, as sleeping quarters. Its golf course opened in 1960. The White House said the renovation will be the most significant in the history of Andrews. The courses and clubhouse need improvements due to age and wear, it said, and there are discussions about including a multifunctional event center as part of the project. President Trump is a champion-level golfer with an extraordinary eye for detail and design,” White House spokesman Davis Ingle said in a statement. “His vision to renovate and beautify Joint Base Andrews’ golf courses will bring much-needed improvements that service members and their families will be able to enjoy for generations to come. Plans are in the very early stages, and the cost of and funding for the project haven’t been determined, the White House said. Trump has said only that it will require very little money.” The Andrews improvements join a bevy of Trump construction projects, including demolishing the White Houses East Wing for a sprawling ballroom now expected to cost $400 million, redoing the bathroom attached to the Lincoln bedroom and replacing the Rose Gardens lawn with a Mar-a-Lago-like patio area. Outside the White House, Trump has led building projects at the Kennedy Center and wants to erect a Paris-style arch near the Lincoln Memorial, and has said he wants to rebuild Dulles International Airport in northern Virginia. On Wednesday, meanwhile, the Trump administration ended a lease agreement with a nonprofit for three public golf courses in Washington which could allow the president to further shape golfing in the nation’s capital. The White House, however, said that move isn’t related to the plans for Andrews. Presidential pers of golfing at Andrews When the president is golfing, Andrews officials block off nine holes at a time so no one plays in front of him, allowing for extra security while also ensuring consistent speed-of-play, Thomas said. That’s relatively easily done, given that the courses aren’t open to the public. They’re usually reserved for active or retired members of the military and their families, as well as some Defense Department-linked federal employees. Thomas remembers playing a round with the older President Bush, a World Golf Hall of Fame inductee known for fast play, while first lady Barbara Bush walked with Millie, the first couples English Springer Spaniel. George W. Bush also played fast, Thomas said, and got additional exercise by frequently riding his mountain bike before golfing. When he wasn’t golfing at Andrews, Obama tried to recreate at least part of the experience back home. He had a White House golf simulator installed after then-first lady Michelle Obama asked Thomas how they might acquire a model that the president had seen advertised on the Golf Channel. Thomas gave her a contact at the network. Obama famously cut short a round at Andrews after nine holes in 2011 to hustle back to the White House for what turned out to be a top-secret review of final preparations for a Navy SEAL raid on the compound of Osama bin Laden. But, while Thomas was golfing with presidents, he said he never witnessed play interrupted by an important call or any major emergency that forced them off the course mid-hole. There also were never any rain-outs. If there was rain coming, theyd get the weather forecast before we would, Thomas said. They would cancel quick on that. By Will Weissert, Associated Press
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A new year has brought a new pay rate for more than 8.3 million Americans. The minimum wage is going up in 19 states this week which will see workers in Hawaii earning as much as $2 more an hour. Collectively, these pay increases will boost pay checks by a total of $5 billion, according to the Economic Policy Institute. While the federal minimum wage of $7.25 per hour hasnt budged in nearly two decades, and still applies in eight states, many states and cities have steadily been increasing their minimum wages to well over double that amount. Seattles minimum wage, at $21.30 per hour, is now nearly triple that federal threshold. As is the case with Seattle, 47 cities and counties around the country have also increased their minimum wages, effective January 1. Heres a look at whats changed. PAY IS GOING UP MOST IN HAWAII Hawaii leads the 19 states with the biggest pay increase for workers this year, as its minimum wage has jumped to $16 per hour, up from $14 previously. And more than 21% of its workforce will benefit from this new legislation, according to the Economic Policy Institute. But not all pay increases are alike. Several states have increased their minimum wages by less than 50 cents an houran amount that adds up to a difference of only several hundred dollars per year in gross earnings. Minnesota workers are only seeing a 28 cent hourly increase, for example. Arizona 2026 minimum wage: $15.15, up 45 cents from $14.70 in 2025 California 2026 minimum wage: $16.90, up 40 cents from $16.50 in 2025 Colorado 2026 minimum wage: $15.16, up 35 cents from $14.81 in 2025 Connecticut 2026 minimum wage: $16.94, up 59 cents from $16.35 in 2025 Hawaii 2026 minimum wage: $16, up $2 from $14 in 2025 Maine 2026 minimum wage: $15.10, up 45 cents from $14.65 in 2025 Michigan 2026 minimum wage: $13.73, up $1.25 from $12.48 in 2025 Minnesota 2026 minimum wage: $11.41, up 28 cents from $11.13 in 2025 Missouri 2026 minimum wage: $15, up $1.25 from $13.75 in 2025 Montana 2026 minimum wage: $10.85, up 30 cents from $10.55 in 2025 Nebraska 2026 minimum wage: $15, up $1.50 from $13.50 in 2025 New Jersey 2026 minimum wage: $15.92, up 43 cents from $15.49 in 2025 New York 2026 minimum wage: $16, up 50 cents from $15.50 in 2025 Ohio 2026 minimum wage: $11, up 30 cents from $10.70 in 2025 Rhode Island 2026 minimum wage: $16, up $1 from $15 in 2025 South Dakota 2026 minimum wage: $11.85, up 35 cents from $11.50 in 2025 Vermont 2026 minimum wage: $14.42, up 41 cents from $14.01 in 2025 Virginia 2026 minimum wage: $12.77, up 36 cents from $12.41 in 2025 Washington 2026 minimum wage: $17.13, up 47 cents from $16.66 in 2025 WASHINGTON CITIES LEAD WITH HIGHEST PAY The $21.30 per hour minimum wage that went into effect in Seattle this week isnt even the highest in Washingtonthe pay in several localities are even higher. In Tukwila and Burlen, two Seattle suburbs, certain employers must pay workers a minimum of $21.65 and $21.63, respectively, in 2026. While some cities, like San Francisco and Los Angeles, updated their minimum wage thresholds at the mid-year mark, most opt for pay changes to coincide with the calendar shange. Some localities explicitly tie their increases to inflation, as measured by the consumer price index that grew at a less-than-3% rate in 2025. Workers in major metropolitan areas can potentially earn several dollars more than the states minimum wage. Employers in the following cities must pay their workers more this week. New York City, Long Island, and Westchester 2026 minimum wage: $17, up $1 from $16 in 2025 San Jose 2026 minimum wage: $18.45, up 50 cents from $18.95 in 2025 Denver 2026 minimum wage: $19.29, up 48 cents from $18.81 in 2025 Minneapolis 2026 minimum wage: $16.37, up 40 cents from $15.97 in 2025
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