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☆ People are using cash transfers like basic income to pay rent, and it shows just how badly a housing-crisis solution is needed
▼ + stars: | 2024-01-21 | by ( Eliza Relman | ) www.businessinsider.com time to read: +7 min

And a growing number of people who are eligible for government housing assistance aren't getting it. But unlike other government benefits like Medicaid and food stamps, housing aid doesn't automatically go to those who need it. And across 31 pilot basic income programs , recipients spent an average of about 9.2% of their payments on housing and utilities. AdvertisementThe amount that the federal government spends on its housing assistance programs, mainly Housing Choice Vouchers and public housing, is determined by Congress each year. "Housing support across America is very fractured and variable," said Sean Kline, director of Stanford's Basic Income Lab.

Persons: —, doesn't, Matt Desmond, Chris Herbert, Ulbrich, Matt Turner, hasn't, Sean Kline, Matthew Fowle, Fowle, Kline, Herbert Organizations: Service, Homelessness, Business, Urban Institute, Assistance, Columbia University's, Poverty, Princeton, Harvard Joint Center for Housing Studies, Economic, Congress, Harvard, The New York Times, Department of Housing, Urban Development, Philadelphia Housing Development Corporation, University of Pennsylvania, UPenn's Housing Locations: Washington ,, San Francisco, Davos, America, Philadelphia

☆ World’s ‘most sought-after’ whisky sells for $2.7 million
▼ + stars: | 2023-11-19 | by ( Hafsa Khalil | ) edition.cnn.com time to read: +2 min

London CNN —For those who appreciate the finer tipples in life, a bottle of the world’s “most sought-after Scotch whisky” sold for more than £2.1 million ($2.7 million) Saturday at Sotheby’s in London. This bottle of The Macallan 1926, is one of 12 that were labelled by Italian painter Valerio Adami. Tristan Fewings/Getty ImagesAhead of the sale, Sotheby’s head of whisky Jonny Fowle told AFP that he had tried a small sample. This bottle is also the first of The Macallan 1926 bottles to have undergone reconditioning, carried out by The Macallan Distillery in Scotland before the auction. Of the unlabelled, one was hand painted by Irish artist Michael Dillon, and became the first bottle of whiskey to surpass £1 million ($1.2 million) when it sold in 2018 for £1.2 million ($1.5 million), the auction house said on its website.

Persons: Sotheby’s, Valerio Adami, Tristan Fewings, Jonny Fowle, it’s, ”, Sir Peter Blake, Michael Dillon Organizations: London CNN, AFP Locations: Sotheby’s, London, Italian, Scotland, Irish

LONDON (AP) — A bottle of Scotch whisky billed as “the most sought-after” in the world sold Saturday for almost 2.2 million pounds ($2.7 million), an auction record for a bottle of wine or spirits. Just 40 bottles of The Macallan 1926 were bottled in 1986 after being aged in sherry casks for 60 years. Political Cartoons View All 1256 ImagesThe bottle sold Saturday is the first to have undergone reconditioning by the distillery ahead of auction. The final price of 2,187,500 pounds ($2,714,250) includes a charge known as the buyer’s premium on top of the sale price of 1.75 million pounds. The price well exceeded the pre-sale estimate of 750,000 pounds to 1.2 million pounds.

Persons: Valerio Adami, ”, Jonny Fowle Organizations: Sotheby’s Locations: Sotheby’s, London, Italian

SEOUL, South Korea (AP) — North Korea says it plans to expel a U.S. soldier who crossed into the country in July. Other Americans have entered North Korea over the years, including a few U.S. soldiers. Five months later, North Korea announced it was expelling Lowrance who had entered the country illegally through China. While North Korea officially guarantees freedom of religion, analysts and defectors describe the country as strictly anti-religious. In 2009, American missionary Robert Park walked into North Korea with a Bible in his hand to draw attention to North Korea’s human rights abuses.

Persons: CHARLES JENKINS, Charles Jenkins, Jenkins, Hitomi Soga, Soga, BRUCE BYRON LOWRANCE, Bruce Byron Lowrance, Donald Trump, Kim Jong Un, Lowrance, – Kim Dong Chul, Tony Kim, Kim Hak, —, Mike Pompeo, MATTHEW MILLER, Matthew Miller, Miller, Barack Obama, Kenneth Bae, Weeks, KENNETH BAE Bae, Bae, James, JEFFREY FOWLE, Jeffrey Fowle, Tony Hall, Robert Park, OTTO WARMBIER Otto Warmbier, Warmbier, Warmbier’s, ”, — Fred, Cindy Warmbier — Organizations: Army, North, Washington, Trump, Associated Press, of Virginia Locations: SEOUL, South Korea, North Korea, U.S, Rich Square , North Carolina, North Korean, Japan, China, North, United States, Kim, Bakersfield , California, Pyongyang’s, Pyongyang, Korean, Lynnwood , Washington, Ohio, Chongjin, New York, Washington

☆ Scorching summer temperatures could strain the economy even further
▼ + stars: | 2023-07-23 | by ( Alicia Wallace | ) edition.cnn.com time to read: +12 min

“The recent heat waves and scorching summer temperatures demonstrate the economic cost of heat stress,” Chris Lafakis, Moody’s Analytics’ director of economic research, wrote in an emailed response to a CNN query. Moody’s Analytics estimates that chronic physical risk from heat stress could reduce worldwide GDP by up to 17.6% by 2100. The losses are steepest in sectors such as agriculture and construction, but no industry or business is immune, she said. “Every summer we have a stretch [of excessively hot weather], where it might last from four days up to a week,” he said. “We have to look at the potential of our business model shifting to a nine-month facility going forward,” she said.

Persons: Lyn Thomas, there’s, Thomas, she’s, “, it’s, Chris Lafakis, Liliana Salgado, ”, Kathy Baughman McLeod, Adrienne Arsht, Cesar Chavez, Damian Dovarganes, That’s, Jack Vessey wasn’t, He’s, “ It’s, Vessey, Zeyla Alcantara, Patrick Tiseth, Jobs, Ami Feller, I’ve, Los Cerrillos, Harrold Granthan, Bonnie Mendoza, David Wagner, bloodsicles, Mendoza, Zach Fowle, Kyle Ledeboer, ” Fowle, ” They’ve, Justus Swanick, Joshua Graff Zivin, ” Graff Zivin Organizations: Minneapolis CNN, Phoenix, CNN, Reuters Workers, Rockefeller Foundation Resilience, Atlantic Council, Rockefeller, IBEW, Company, Lone Star, Roofer, Saddle Riding Company, Phoenix Zoo, Arizona Wilderness, Arizona Wilderness Brewing, University of California San Locations: Minneapolis, Louisiana, United States, California, Los Angeles, Holtville , California, Imperial County, Texas, New Braunfels, Santa Fe , New Mexico, Los, “, Arizona, Phoenix, University of California San Diego

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