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World News: Iran says cyberattack causes widespread disruption at gas stations Updated: 2021-10-27 09:55:55 KST

Let's take a look at what's going on in 'The World Now'.

According to Iran's state media on Tuesday, a cyberattack disrupted the sale of heavily subsidized gas, causing long lines at gas stations across the country.

“In the last four hours I have gone to 15 different places and I still have not been able to get gas, and I've been standing here for four hours. We’re waiting for the system to connect and it still has not connected.”

The chaos comes just weeks ahead of the anniversary of street protests in 2019 that followed fuel price hikes.
The country says it's on high alert for online attacks, which it has blamed on the U.S. and Israel in the past.
The oil ministry says only sales for those with smart cards, used for cheaper rationed gas, were disrupted, adding clients could still buy fuel at higher rates.
The last cyberattack against Iran came in July, when the website of the transport ministry was taken down by what its state media called a 'cyber disruption'.

A first-of-its-kind proposal from Democratic lawmakers is set to be unveiled soon, and would require roughly 700 U.S. billionaires to pay taxes annually when their stock and some other assets increase in value.
Currently, such taxes are only applied when stocks are sold.
So how will taxing the rich change if the proposal is passed?
If you own a billion-dollar share of a company at the start of the year, and the price of the stock soars 50-percent by the end of the year, you would have 500 million dollars of income subject to the new proposed tax, despite not selling a single share.
But who will be most affected by this new proposal?
Currently, the wealthiest 10 Americans own roughly 1.3 trillion dollars, and the so-called 'Wyden plan' would require them to pay a combined 276 billion in taxes.
Among those in the highest tiers are Tesla CEO Elon Musk and former Amazon CEO Jeff Bezos.
However tax and legal experts say that if the proposal is passed, it will likely face an immediate challenge in court by taxpayers eager to evade the rules.

In a low-key ceremony lacking the usual traditional rituals, Japan's princess Mako married her university sweetheart Kei Komuro on Tuesday.
While it should have been a joyous day for the two, the couple voiced their sadness over the controversy that haunted their engagement.
Since announcing their engagement in 2017, the two faced tabloid scandals and vicious online attacks over allegations that Komuro's family had run into financial difficulties.
A recent poll conducted by a Japanese weekly magazine 'Aera' in September showed that over 93-percent of the respondents were against Mako getting married to a commoner.
Despite this, Mako chose love over all, giving up her royal title, as well as a 1.35 million US dollar payment usually offered to royal women who leave the royal palace.
Lee Seung-jae, Arirang News.
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