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A populist undercurrent running through President Biden’s State of the Union address and churned up by turbulent conditions in the global economy is resonating with Americans.

It’s the feeling that people are “getting ripped off,” as Biden put it, by an economy that isn’t “fair” – a word that appeared in Biden’s prepared remarks nine different times.

From pesky fees charged by big retail banks to deep, structural imbalances in the U.S. tax system that favor wealthy people and large corporations, Biden’s speech hit on a perennial frustration in American economic life: how the deck feels stacked by big companies and institutions against ordinary taxpayers and consumers.

“If we – the poorer people, the middle class – pay tax, the big companies are supposed to do the same. This is right. So I think the President [said] something that is true. We need more tax to be paid by the big companies and then that money can go back to the poorer people to help people,” Jean-Michel Dossous, a New York City cab driver who watched the State of the Union on his phone, told The Hill.

Returning to the notion of economic fairness again and again, Biden touted numerous initiatives to bring down prices after a year of high inflation that has harassed American pocketbooks and that fiscal authorities, like Congress and the president, have limited powers to fight.

“Big Pharma has been unfairly charging people hundreds of dollars [for insulin] – and making record profits,” Biden said during his speech on Tuesday, praising the $35 insulin price cap for seniors who use Medicare that was passed as part of Democrats’ Inflation Reduction Act last year. Price caps have only been used minimally so far in the government’s battle against high prices, which is mostly the responsibility of the Federal Reserve.

He also touted his administration’s effort to fight so-called “junk fees,” expensive penalties charged by banks, financial firms and other businesses for reasons such as late payments, insufficient funds or an attempt to cancel a service.

“I know how unfair it feels when a company overcharges you and gets away with it,” he said about the overdraft fees charged by banks, a commercial practice he called on Congress to curtail with new legislation.

The Biden administration also announced last week an effort to cap bank overdraft fees at $8 through a new rule to be issued by the Consumer Financial Protection Bureau (CFPB).

Tatiana Nazario, an administrative assistant at the Newark, New Jersey, public library told The Hill she “absolutely” had the feeling she was getting ripped off by big banks and that she knew people who’d gotten locked into a cycle of debt due to overdraft fees.

While some major banks have already phased-out overdraft fees, bank lobbyists and advocates for the sector call those penalties a useful and popular way for consumers to smooth out expenses.

“If you get one overdraft fee and it stays in your account for a couple of days, they overdraft you again and again and again until you pay it. If you’re already broke and you’re waiting on that direct deposit to hit, by the time it hits you’re not going to have much left,” Nazario said in an interview.

“People are living off of payday loans, and now they’re promoting these apps … where you get payday loans rather than coming up with better solutions for us,” she added.

The CFPB describes payday loans as short-term, high-cost loans for small amounts of money and cautions that people’s “ability to repay the loan … is generally not considered by a payday lender.”

Of all the mentions of unfairness in the economy in Biden’s State of the Union, perhaps the point he hammered home the most was about unfairness in the tax code.

“I think a lot of you at home agree with me that our present tax system is simply unfair. The idea that in 2020, 55 of the biggest companies in America made $40 billion in profits and paid zero in federal income taxes? That’s simply not fair,” Biden said.

Steve Taylor, an adjunct English professor at the City University of New York, said he felt the same way, arguing that rich people and corporations need to be paying more.

“I think they should pay their fair share. They’re getting away with murder. These guys are not paying any taxes. I mean, come on. I pay taxes. What’s the median for working people, like 25 percent? Come on. What’s going on?” he said in an interview.

Critics of corporate tax hikes argue that big businesses still pay billions in other types of taxes outside of taxed income.

The views of Taylor and Jean-Michel Doussos on the tax system are held by a majority of Americans, according to a variety of public opinion polls. 

Fifty-two percent of Americans believe the government should “redistribute wealth by heavy taxes on the rich,” according to one such poll published by Gallup last August, while 47 percent feel the opposite. Prior to the 2008 financial crisis, those preferences were by-and-large flipped, with more Americans disagreeing with the idea of redistributing rich people’s wealth with taxes than agreeing.

A 2020 poll by Reuters/Ipsos found that nearly two-thirds of respondents believed “the very rich should contribute an extra share of their total wealth each year to support public programs.” Support for that position was stronger among Democrats, at 77 percent, but 53 percent of Republicans also stood behind it.

The difference between how workers and wages are taxed and how profits and businesses are taxed has been coined the “two-tiered tax system” by other members of the Biden administration, including Treasury Secretary Janet Yellen.

“At the core of the problem is a discrepancy in the ways types of income are reported to the IRS: opaque income sources frequently avoid scrutiny while wages and federal benefits are typically subject to nearly full compliance. This two-tiered tax system is unfair and deprives the country of resources to fund core priorities,” she said in 2021. Biden has big plans for junk fees, a billionaire’s tax and paid leave. But can he actually enact them? Yahoo announces layoffs of 20 percent of staff by end of 2023

Tom Ankner, a librarian in Newark, New Jersey, said he appreciated hearing the message during Biden’s speech that the economy could treat people more fairly.

“I liked the fact that he was taking that line,” Ankner told The Hill. “Because that’s where I’d like [to see changes]. That’s the direction I’d like to see the country go.”

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Rappers Bob Vylan sue Irish broadcaster RTE over claim lead singer led ‘antisemitic chants’ at Glastonbury gig

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Rappers Bob Vylan sue Irish broadcaster RTE over claim lead singer led 'antisemitic chants' at Glastonbury gig

Punk-rap duo Bob Vylan are suing Irish national broadcaster RTE for defamation, claiming it misrepresented chants led by the band when they played this year’s Glastonbury festival.

The group, which performed at Dublin’s Vicar Street last month, claim they were defamed in a report by RTE News that said the lead singer led antisemitic chants when they played the Somerset festival in June.

During their performance, singer Pascal Robinson-Foster, whose stage name is Bobby Vylan, led a chant of “death, death, to the IDF [Israel Defence Forces]”.

File pic: PA
Image:
File pic: PA

Pic: PA
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Pic: PA

It provoked widespread criticism of the artist, including from Glastonbury organiser Emily Eavis, and the BBC, which live streamed their show.

Phoenix Law launched legal action on behalf of Robinson-Foster and drummer Wade Laurence George at Ireland’s High Court on Monday, according to court records.

The firm said: “The proceedings arise from a broadcast aired by RTE News following Bob Vylan’s performance at Glastonbury Festival on 28 June 2025.

“During this broadcast, comments were made alleging that the lead singer of Bob Vylan led antisemitic chants. These allegations are categorically denied by our clients and are entirely untrue.”

More on Glastonbury

Phoenix Law said Bob Vylan had made statements expressing support for Palestinian self-determination and criticising military actions by the IDF (Israel Defence Forces).

His comments did not target Jewish people or express hatred towards any group, the firm said, suggesting they were “politically charged but not antisemitic in nature”.

Solicitor Darragh Mackin said the pair “are no stranger to utilising their freedom of expression to speak out against the genocide in Gaza“.

Mr Mackin said there was “a fundamental distinction between speaking critically about the role of the Israeli state forces, and being antisemitic”.

“The former is speech within the confines of political expression, whereas the latter is a form of hatred directed towards Jewish people,” he added.

Read more on Sky News:
Who are Bob Vylan?

The BBC apologised, including to the Jewish community, and said it regretted not pulling the live stream of the set and promised not to live stream “high-risk” acts in future.

It partially upheld complaints made over the broadcast, accepting the live stream broke the corporation’s editorial guidelines.

Ofcom’s chief executive, Dame Melanie Dawes, said the BBC needed to “get a grip quicker” on handling such controversies and complete its internal reports and investigations sooner.

Last month, the Metropolitan Police said detectives would take no further action over similar alleged chants made at a Bob Vylan gig in London in May.

The individual was not arrested but an investigation was ongoing, the Met said.

Avon and Somerset Police said a man, in his 30s, understood to be Mr Robinson-Foster, had voluntarily attended an interview in relation to the band’s Glastonbury performance. Enquiries are ongoing, the force said on Tuesday.

The US condemned the act’s “hateful tirade”, revoking their visas, while several festivals cancelled their upcoming appearances.

Speaking to Louis Theroux in October, Bobby Vylan said he had no regrets about the chants and would do it again “tomorrow”.

Sky News has contacted RTE for comment.

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Sports

Do college sports need a CBA? Some ADs are starting to think so

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Do college sports need a CBA? Some ADs are starting to think so

After another week of frustrating setbacks, at the end of a frustrating year trying to bring stability to their industry, a growing number of college athletic directors say they are interested in exploring a once-unthinkable option: collective bargaining with their players.

Dozens of athletic directors will gather in Las Vegas over the next few days for an annual conference. They had hoped to be raising toasts to the U.S. House of Representatives. But for the second time in three months, House members balked last week at voting on a bill that would give the NCAA protection from antitrust lawsuits and employment threats. So instead, they will be greeted by one of the Strip’s specialties: the cold-slap realization of needing a better plan.

“I’m not sure I can sit back today and say I’m really proud of what we’ve become,” Boise State athletic director Jeramiah Dickey told ESPN late last week. “There is a solution. We just have to work together to find it, and maybe collective bargaining is it.”

Athletic directors see only two paths to a future in which the college sports industry can enforce rules and defend them in court: Either Congress grants them an exemption from antitrust laws, or they collectively bargain with athletes. As Dickey said, and others have echoed quietly in the past several days, it has become irresponsible to continue to hope for an antitrust bailout without at least fully kicking the tires on the other option.

“If Congress ends up solving it for us, and it ends up being a healthy solution I’ll be the first one to do cartwheels down the street,” said Tennessee athletic director Danny White when speaking to ESPN about his interest in collective bargaining months ago. “But what are the chances they get it right when the NCAA couldn’t even get it right? We should be solving it ourselves.”

Some athletic directors thought they had solved their era of relative lawlessness back in July. The NCAA and its schools agreed to pay $2.8 billion in the House settlement to purchase a very expensive set of guardrails meant to put a cap on how much teams could spend to acquire players. The schools also agreed to fund the College Sports Commission, a new agency created by the settlement to police those restrictions.

But without an antitrust exemption, any school or player who doesn’t like a punishment they receive for bursting through those guardrails can file a lawsuit and give themselves a pretty good chance of wiggling out of a penalty. The CSC’s plan — crafted largely by leaders of the Power 4 conferences — to enforce those rules without an antitrust exemption was to get all their schools to sign a promise that they wouldn’t file any such lawsuits. On the same day that Congress’ attempt crumbled last week, seven state attorneys general angrily encouraged their schools not to sign the CSC’s proposed agreement.

In the wake of the attorneys general’s opposition, a loose deadline to sign the agreement came and went, with many schools declining to participate. So, college football is steamrolling toward another transfer portal season without any sheriff that has the legal backing to police how teams spend money on building their rosters.

That’s why college sports fans have heard head football coaches like Lane Kiffin openly describe how they negotiated for the biggest player payroll possible in a system where all teams are supposed to be capped at the same $20.5 million limit. Right now, the rules aren’t real. The stability promised as part of the House settlement doesn’t appear to be imminent. Meanwhile, the tab for potential damages in future antitrust lawsuits continues to grow larger with each passing day.

Collective bargaining isn’t easy, either. Under the current law, players would need to be employees to negotiate a legally binding deal. The NCAA and most campus leaders are adamantly opposed to turning athletes into employees for several reasons, including the added costs and infrastructure it would require.

The industry would need to make tough decisions about which college athletes should be able to bargain and how to divide them into logical groups. Should the players be divided by conference? Should all football players negotiate together? What entity would sit across from them at the bargaining table?

On Monday, Athletes.Org, a group that has been working for two years to become college sports’ version of a players’ union, published a 35-page proposal for what an agreement might look like. Their goal was to show it is possible to answer the thorny, in-the-weeds questions that have led many leaders in college sports to quickly dismiss collective bargaining as a viable option.

Multiple athletic directors and a sitting university president are taking the proposal seriously — a milestone for one of the several upstart entities working to gain credibility as a representative for college athletes. Syracuse chancellor and president Kent Syverud said Monday that he has long felt the best way forward for college sports is a negotiation where athletes have “a real collective voice in setting the rules.”

“[This template] is an important step toward that kind of partnership-based framework,” he said in a statement released with AO’s plan. “… I’m encouraged to see this conversation happening more openly, so everyone can fully understand what’s at stake.”

White, the Tennessee athletic director, has also spent years working with lawyers to craft a collective bargaining option. In his plan, the top brands in college football would form a single private company, which could then employ players. He says that would provide a solution in states where employees of public institutions are not legally allowed to unionize.

“I don’t understand why everyone’s so afraid of employment status,” White said. “We have kids all over our campus that have jobs. … We have kids in our athletic department that are also students here that work in our equipment room, and they have employee status. How that became a dirty word, I don’t get it.”

White said athletes could be split into groups by sport to negotiate for a percentage of the revenue they help to generate.

The result could be expensive for schools. Then again, paying lawyers and lobbyists isn’t cheap either. The NCAA and the four power conferences combined to spend more than $9 million on lobbyists between 2021 and 2024, the latest year where public data is available. That’s a relatively small figure compared to the fees and penalties they could face if they continue to lose antitrust cases in federal court.

“I’m not smart enough to say [collective bargaining] is the only answer or the best answer,” Dickey said. “But I think the onus is on us to at least curiously question: How do you set something up that can be sustainable? What currently is happening is not.”

Players and coaches are frustrated with the current system, wanting to negotiate salaries and build rosters with a clear idea of what rules will actually be enforced. Dickey says fans are frustrated as they invest energy and money into their favorite teams without understanding what the future holds. And athletic directors, who want to plan a yearly budget and help direct their employees, are frustrated too.

“It has been very difficult on campus. I can’t emphasize that enough,” White said. “It’s been brutal in a lot of ways. It continues to be as we try to navigate these waters without a clear-cut solution.”

This week White and Dickey won’t be alone in their frustration. They’ll be among a growing group of peers who are pushing to explore a new solution.

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Science

Massive Sunspot Complex on the Sun Raises Risk of Strong Solar Storms

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A massive sunspot complex has appeared on the Sun, covering an area comparable to the legendary Carrington Event region. Known as AR 4294-96, the active cluster features highly tangled magnetic fields that could unleash powerful solar flares and geomagnetic storms, potentially disrupting satellites, power grids, and global communications if Earth-directed eruptions oc…

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