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Los Angeles mayor proposes $24M pilot basic income program in budget
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LOS ANGELES—Eric Garcetti, the Democrat mayor of Los Angeles, outlined the city’s budget that takes effect on July 1 and includes $24 million earmarked for a Guaranteed Basic Income pilot program that will provide 2,000 low-income families with $1,000 a month for the year.
Fox 11 reported that Garcetti called the program the largest in the country and said the families will receive the funds, “no questions asked.”
“We’re betting that one small but steady investment for Angeleno households will pay large dividends for health and stability across our city and light a fire across our nation,” he said.
The Los Angeles Times reported that the budget will be released on Tuesday. The paper said the Los Angeles City Council also plans to send more than $11 million in funds from the police department to new initiatives in poorer areas of the city. The paper pointed out that the budget needs to be approved by the City Council.
“This is not small ball,” Garcetti said. “It isn’t just the biggest budget I’ve ever overseen – it’s the most progressive, and I would argue the most progressive in the country.”
Avast Plc Q1 Adj. EBITDA Rises; Revenue Up 10.4% On Organic Basis
Avast plc reported that its first quarter adjusted EBITDA increased 10.3% to $133.7 million, resulting in an adjusted EBITDA margin of 56.4%. Revenue was $237.1 million, up 10.4% on an organic basis, and 10.5% at actual rates.
For fiscal 2021, the Group’s guidance for adjusted EBITDA margin percent remains broadly flat compared to fiscal 2020.
Ondrej Vlcek, Chief Executive of Avast, said: “Avast has made a good start to the year with continued demand for the company’s security, privacy and performance solutions. The business is trading in line with expectations. We look forward to the remainder of the year with confidence.”
The Board has recommended the payment of a final 2020 dividend of 11.2 US cents per share. The scheduled payment date is 18 June 2021.
Jim Jordan Asked A Snarky Question About Masks And Twitter Users Did Not Hold Back
Rep. Jim Jordan (R-Ohio) received a series of stinging rebukes over his latest attempt at politicizing public health advice amid the coronavirus pandemic.
“How many masks are we supposed to wear this week?” the Donald Trump sycophant snarkily asked on Twitter Monday.
It followed the Ohio Republican’s viral rant last week at Dr. Anthony Fauci, the country’s top infectious diseases expert, against government restrictions aimed at slowing the spread of the virus.
The Centers for Disease Control and Prevention encourages people to wear masks “in public settings and when around people who don’t live in their household.” Two masks are better than one, it also advises.
Many critics reminded Jordan of the guidance ― and of the 567,000 Americans that have so far died from COVID-19:
A HuffPost Guide To Coronavirus
- Do your vaccine side effects predict how you’d react to COVID-19?
- “I’ve been sick from COVID-19 for almost a year.”
- Should children go to camp this summer?
- These are the most common ways the COVID-19 pandemic has affected mental health.
- Find all that and more on our coronavirus hub page.
Moneysupermarket.com Q1 Revenue Down 20%; Projects FY Performance In Line With Market View
Moneysupermarket.com Group PLC (MONY.L) reported first quarter revenue of 85.5 million pounds, compared to 107.3 million pounds, prior year, down 20 percent. The Group stated that Insurance performance overall was broadly consistent throughout the quarter.
Group performance to date has been in line with expectations, Moneysupermarket.com said. The Board expects full-year performance to be in line with market expectations.
Peter Duffy, CEO of Moneysupermarket Group, said: “Several channels remain impacted by COVID-19, but we are well positioned to weather this period and return shortly to profitable growth.”
Huge landslide leaves row of homes on brink of new cliff edge in Wales