May 12, 2016 Headlines
In financial news, the world’s top 25 hedge fund managers earned a staggering $13 billion last year. This means that only 25 men earned more than the entire economies of some countries, including Nicaragua and the Bahamas. Two men—Kenneth Griffin of Citadel and James Simons of Renaissance Technologies—each earned $1.7 billion last year. Both men have poured millions into the 2016 presidential race backing Republican candidates who have since dropped out. Simons is now backing Hillary Clinton, with more than $2 million in donations so far. Griffin has also been a major supporter of Chicago Mayor Rahm Emanuel. He was the biggest donor to Emanuel’s 2015 re-election campaign and has been quoted as saying that instead of closing 50 Chicago public schools, Mayor Emanuel should have closed 125 schools across Chicago.