Finance

Discover the Best!

Alltopics lets your discover the most popular news, images, videos and gifs from around the web, on all your favorite topics.

Our content-analysis-technology and veteran editors surface the latest trending content so you never miss out on your next favorite thing.

Sign up now to follow your favorite topics and discover the best of the Internet!

Sign Up  Get the App
Microsoft co-founder and billionaire philanthropist Paul Allen will donate $30 million toward a permanent housing facility for as many as 100 low-income and homeless families in Seattle. 

The donation will help cover design and construction, and Mayor Ed Murray announced Wednesday the city will contribute an additional $5 million. Mercy Housing Northwest, a local nonprofit, will operate the facility. 

The facility will include a service center open to residents and the wider community, said Bill Rumpf, Mercy Housing Northwest president. 

Planning is in the initial stages, but Rumpf said design and construction costs should fall within the range of the $35 million pledged by the city and the Paul G. Allen Family Foundation. 

Operating costs would not be covered by the donation. Mercy Housing will seek public funding to help defray the cost of running the facility, Rumpf said. Residents of permanent housing such as this generally pay no more than 30 percent of their income for rent.

A location has not been determined. seattletimes.com
Even as the Trump administration jousts with Canada over its latest trade dispute, it might want to keep a closer eye on Mexico, America’s No. 1 one dairy importer. Its southern neighbor, which figures prominently in the U.S. government’s crime and immigration rhetoric, spent almost twice as much money as Canada did on U.S. dairy in 2016. That’s $1.2 billion.

Now it appears Mexico is looking for new trading partners.

In the first two months of 2017, Mexico increased its imports of skim milk powder from the European Union by 122 percent over last year, according to the EU Milk Market Observatory (as first reported by the Irish Farm Journal). Mexico has also been exploring talks with dairy powerhouse New Zealand. That country’s trade minister visited Mexico City in February to discuss a potential trade deal. 

Why the moves by Mexico? In a word: Trump.

“Mexico is looking to make sure they have market alternatives because of the rhetoric from the U.S. on renegotiating Nafta,” said D. Scott Brown, who teaches agricultural and applied economics at the University of Missouri, referring to the North American Free Trade Agreement. “This may be an opportunity to find other places for skim milk powder.” Rabobank also reported that tensions between the U.S. and Mexico are the reason for Mexico’s changing dairy purchasing strategy. bloomberg.com
Transport for London is spending £18m on upgrading the capital’s power grids to charge the first generation of battery-powered black cabs.

From 1 January 2018, all new black cabs will have to be battery-powered electric models by law as part of TfL’s effort to reduce toxic pollution from diesel engines.

The cash will pay for network reinforcements to enable British Gas owner Centrica and other energy companies to install 300 rapid electric-car charging stations by 2020.

The charging point can top up a car’s battery within minutes, rather than the hours it takes for the city’s thousands of conventional electric vehicles.

An initial 75 fast chargers are due to be operational by the end of the year. While some of the sites will be exclusively for black cabs, the network will also be open to the increasing number of owners of Teslas, Nissan Leafs and electric BMWs in London. theguardian.com
A Scottish engineer has been awarded $1m after he revealed that a cruise liner was illegally dumping waste. 

Christopher Keays, from Glasgow, turned whistleblower shortly after starting a new job on board the Caribbean Princess in 2013.

He discovered that a so-called "magic pipe" was being used to illegally pump oily waste into British waters.

His evidence led to US courts imposing a $40m penalty on Princess Cruise Liners. 

The US Department of Justice said it was the largest ever fine for a crime involving deliberate vessel pollution. 

Court papers reveal that Mr Keays was 27 when he took a post as a junior engineer onboard the 3,140-passenger Caribbean Princess. 

It was his first job since graduating from the Glasgow College of Nautical Studies. bbc.com
A federal judge on Tuesday blocked President Donald Trump's attempt to withhold funding from "sanctuary cities" that do not cooperate with U.S. immigration officials, saying the president has no authority to attach new conditions to federal spending.

U.S. District Judge William Orrick issued the preliminary injunction in two lawsuits — one brought by the city of San Francisco, the other by Santa Clara County — against an executive order targeting communities that protect immigrants from deportation.

The injunction will stay in place while the lawsuits work their way through court.

The judge rejected the administration's argument that the executive order applies only to a relatively small pot of money and said Trump cannot set new conditions on spending approved by Congress.

"Federal funding that bears no meaningful relationship to immigration enforcement cannot be threatened merely because a jurisdiction chooses an immigration enforcement strategy of which the president disapproves," the judge said.

It was the third major setback for the administration on immigration policy. The Justice Department had no immediate comment. apnews.com
Greece has posted an overall government surplus of 1.288 billion euros ($A1.8 billion), or 0.7 per cent of its gross domestic product (GDP) in 2016, the EU statistical agency Eurostat says, adding they're "confident" Greece can reach the agreed primary surplus target of 1.7 per cent of GDP in 2017.

The figure, which includes debt service, marks the first time that Greece has reported a government surplus since Eurostat began recording the indicator in 1995 and comes as the heavily-indebted country and its European creditors are aiming to finalise the terms of its next bailout payment.

However, despite the progress, Greece's government debt was still the highest in the EU, amounting to 314.9 billion euros, or 179 per cent of GDP in 2016. The European Commission said the Eurostat data indicated a budget surplus excluding debt service - known as a primary surplus - of 4.2 per cent of GDP in 2016.

"This is significantly above the 0.5 per cent of GDP program target set for 2016 and even above the target of 3.5 per cent set for 2018," said Margaritis Schinas, spokesman for the European Commission. "This confirms the trends which we, at the Commission, have been reporting for a while." news.com.au
Established in August 2016 InterManagement company received the contracts of Gazprom for 7.85 billion rubles ($139.6m). All of them concern the construction of The Power of Siberia export trunk gas pipeline to China. The company, which employs no more than 5 people, should provide for the arrangement of temporary technological driveways, technological sites, software sites, overhead power lines for the helicopter landing site, and also build a linear liner house.

According to the data of SPARK-Interfax, the whole company won 34 contracts, the amount of each of which is not more than 400 million rubles ($7.1m). It is interesting that in competitions, where InterManagement was not the only bidder, the competitor was only one company, TEKSvyazinzhiniring LLC.

At the moment, the only owner and CEO of the company is Sergey Samarin. Previously, he was a co-owner of Severstroy Engineering LLC from Nizhnevartovsk (now liquidated), as well as a former director of the Nizhnevartovsk municipal institution Pensions Delivery. crimerussia.com
When word surfaced Tuesday that Stan Lee has put his Hollywood Hills West home on the market for $3.75 million, some commenters began to speculate about the legendary writer’s finances. Of course, they’re not the first.

Asked earlier this year by Playboy whether he at least received “a Tony Star-like helicopter” from Disney’s $4 billion purchase of Marvel, the 91-year-old creator was quick to point out that he’s not as wealthy as some may think.

“My daughter was looking at the internet the other day and read that Stan Lee has an estimated $250 million,” Lee said. “I mean, that’s ridiculous! I don’t have $200 million. I don’t have $150 million. I don’t have $100 million or anywhere near that.”

Elaborating on why he shouldn’t rate George Lucas-scale wealth, he explained that, working at Marvel and its predecessors, “I was happy enough to get a nice paycheck and be treated well. I always got the highest rate; whatever Martin [Goodman] paid another writer, I got at least that much. It was a very good job. I was able to buy a house on Long Island. I never dreamed I should have $100 million or $250 million or whatever that crazy number is. All I know is I created a lot of characters and enjoyed the work I did.”

Lee does receive a $1 million annual salary for life from Marvel, and keeps busy with myriad other projects (the latest being a Bollywood adaptation of his comic Chakra the Invincible), but none of that likely pushes his wealth into those “ridiculous” figures. This website places his net worth at $50 million, which seems … far less ridiculous, and definitely nothing to sneeze at. cbr.com
According to reports, the top five cast members from the hit HBO fantasy drama could earn themselves up to £2million per episode. PER EPISODE. That’s a whole £1.2million more than the Friends’ £800k average per-episode, although, it should be noted, that was back in 2003.

According to reports, British cast members Emilia Clarke (who plays Daenerys Targaryen), Kit Harington (Jon Snow) and Lena Headey (Cersei Lannister) join US co-star Peter Dinklage (Tyrion Lannister) and Danish co-star Nikolaj Coster-Waldau (Jaime Lannister) in having signed contracts for the seventh and eighth seasons.

Nathalie Emmanuel as Missandei, Peter Dinklage as Tyrion Lannister, Conleth Hill as Varys, Emilia Clarke as Daenerys Targaryen, and Jacob Anderson as Grey Worm. It was claimed last November that the big five would be earning £890,000 per episode.

But this new report claims they’ll be able to increase their wages to up to £2million per episode thanks to ‘complex bonus clauses’ enabling them to earn the big bucks thanks to shared percentages of syndication payments from the 170 countries around the world which air 'Game Of Thrones.' metro.co.uk
Pharmaceutical company Mylan sued West Virginia in 2015 to keep its EpiPens on the state’s “preferred drug list,” which, if successful, would mean that the state’s Medicaid programs would have to automatically pay for the pricey epinephrine auto-injectors.

The bold and unusual move by Mylan—which ultimately failed—is yet another example of the aggressive marketing and legal tactics the company used to boost profits from EpiPens, which halt life-threatening allergic reactions. Since Mylan acquired rights to EpiPen in 2007, the company raised its price by more than 400 percent. Mylan also allegedly made illegal deals with schools to undercut competitors and allegedly scammed federal and state regulators out of millions in rebates by knowingly misclassifying the device.

Last year, EpiPen’s sales and expanded markets brought in more than $1 billion in revenue for Mylan. The company’s CEO, Heather Bresch, is one of the highest-paid CEOs in the industry, earning nearly $19 million annually. arstechnica.com