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The Edge

The Age of Trillionaires Is Nigh—THE EDGE Sponsored by Comcast NBC Universal

By Jack Fitzpatrick (@jackfitzdc)

TODAY IN ONE PARAGRAPH: A government report on climate change says we're already feeling the negative effects of global warming. The White House will send a team of military and law-enforcement specialists to Nigeria to help retrieve 276 kidnapped girls. House Minority Leader Nancy Pelosi demanded that there be as many Democrats as Republicans on the House select committee investigating the 2012 attack in Benghazi. Hillary Clinton said we need to "rein in" gun rights. Ukraine's military called for volunteers to join local self-defense units. Only 7 percent of journalists are Republicans, and we're only about 25 years away from an elderly Bill Gates having $1 trillion.

TOP NEWS

REPORT: CLIMATE CHANGE ALREADY HURTS: A landmark government report on global warming says Hurricane Sandy, the drought in California, and other cases of extreme weather are instances of how climate change is already affecting our lives. Scientists say that despite its dramatic conclusions, the report largely tells us things we already knew. (Darryl Fears, WaPo)

 

U.S. TO SEND SECURITY TEAM TO NIGERIA: Press secretary Jay Carney said Secretary of State John Kerry offered help to Nigerian President Goodluck Jonathan in a phone call this morning. The girls were abducted by extremist group Boko Haram. (Justin Sink, The Hill)

PELOSI WANTS EVENLY DIVIDED BENGHAZI COMMITTEE: The minority leader said the investigation would not be fair unless it had an equal number of Democrats and Republicans. Other Democrats, like Rep. Adam Schiff, have called for a boycott of the investigating committee. (Elahe Izadi, NJ)

HILLARY CLINTON: GUN LAWS 'WAY OUT OF BALANCE': Clinton has been mostly quiet on social issues, but when asked about gun control at a conference today, she said, "We've got to rein in what has become almost an article of faith that almost anybody can have a gun anywhere at any time." (Alex Seitz-Wald, NJ)

UKRAINE MILITARY CALLS FOR VOLUNTEERS: Prime Minister Yulia Tymoshenko and others have called for local self-defense units consisting of volunteers in order to regain stability before the country's May 25 election. The government also appointed Lt. Gen. Anatoly Pushnyakova to command its army. (WaPo)

TOMORROW IN ONE PARAGRAPH: President Obama will tour tornado-damaged areas around Little Rock, Ark., and then travel to Los Angeles to attend the the USC Shoah Foundation's 20th anniversary event. Secretary of State John Kerry will speak at 9:15 a.m. at the annual Washington Conference on the Americas, and will meet at 10 a.m. with Danish Foreign Minister Martin Lidegaard. Federal Reserve Board Chair Janet Yellen will testify at 10 a.m. at a Joint Economic Committee hearing. Ukrainian presidential candidate Valery Konovalyuk will hold a news conference at 11 a.m. Commerce Secretary Penny Pritzker will participate in a luncheon interview at 1 p.m. on the Obama administration's efforts to strengthen ties with other Western Hemisphere economies.

TOP LINES

ONLY 7 PERCENT OF JOURNALISTS ARE REPUBLICANS: More reporters are unaffiliated than in previous decades, but there are still four times as many Democrats as Republicans in the media. (Chris Cillizza, WaPo)

WHY WE SHOULD BE WORRIED ABOUT STOCK PRICES: No, this is not a prediction that the market will lose half its value. But it's clear that stocks are expensive now, so it might be smart to err on the side of conservatism. (David Leonhardt, NYT)

WE'RE NEARING THE AGE OF TRILLIONAIRES: It will only take 25 years, if the world's largest fortunes grow at their current rates, for someone like Bill Gates, Carlos Slim, or Warren Buffett to reach $1 trillion. (Marina Koren, NJ)

PEOPLE ARE TALKING ABOUT MONICA LEWINSKY AGAIN: Vanity Fair previews an exclusive from Monica Lewinsky, and the world is transported back to 1998. (Vanity Fair)

TOP READ

WHEN AN OFF-THE-GRID LIFESTYLE HAMPERS A MURDER INVESTIGATION: Police in Silver Spring, Md., are struggling to investigate the apparent murder of a man who had no Internet or cell phone. (Dan Morse, WaPo)

TOP VIEWS

CHINA'S BURSTING HOUSING BUBBLE, GRAPHED: Says one economist, "The question is no longer 'if' or 'when' but rather 'how much' China's property market will correct." (Gwynn Guilford, Quartz)

LAST NIGHT'S LATE-NIGHT FUNNIES IN UNDER 3 MINUTES: Jimmy Fallon makes Djibouti jokes. (Reena Flores, NJ)

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