On Thursday, Jack Dorsey, the billionaire CEO of Twitter, announced he is working with 14 American mayors to fund universal basic income (UBI) trials in their cities. The pilot programs will be run city by city and have not yet launched. Former presidential candidate Andrew Yang helped bring the idea of universal basic income into the mainstream and is funding his own UBI pilot program. Proponents say guaranteed incomes could help close America's growing wealth gap, while others say they could compound America's financial crisis by encouraging people to stop working. Visit Business Insider's homepage for more stories. Billionaire Jack Dorsey, the cofounder of Twitter, is spending millions to experiment with universal basic income. Dorsey's experiment is part of a larger initiative called Mayors for a Guaranteed Income. On Thursday, the group announced the program could impact as many as 7 million Americans across 14 different cities, including Los Angeles; Atlanta; Newark, New Jersey; and Jackson, Mississippi. The involved mayors say they plan to launch guaranteed income pilot programs in their cities at an unspecified future date and lobby federal lawyers to consider a national one, too. The coalition behind the experiment says giving people a guaranteed income could
Character actors from the Epic Games Fortnite video game dance during the E3 Electronic Entertainment Expo in Los Angeles, on June 12, 2019. Kyle Grillot | Bloomberg | Getty Images Sony has invested $250 million in Epic Games, the company behind the popular battle-royale video game "Fortnite." The PlayStation console maker will take a minority stake in Epic, the two companies said Thursday, in a strategic investment deal that expands on an existing relationship between both firms. Other than being known for creating hit titles like "Fortnite" and the "Gears of War" franchise, Epic is seen as a major player in the video games industry thanks to its Unreal game-engine software that powers many of the world's top games. The company also runs an online video games store that competes with Steam. "Epic's powerful technology in areas such as graphics places them at the forefront of game engine development with Unreal Engine and other innovations," Sony CEO Kenichiro Yoshida said in a statement Thursday. "There's no better example of this than the revolutionary entertainment experience, Fortnite." "Through our investment, we will explore opportunities for further collaboration with Epic to delight and bring value to consumers and the industry at large, not only in games, but also across the rapidly evolving digital entertainment landscape." "I see this as more strategically broad," than just gaming, Piers Harding-Rolls, head of games research at Ampere Analysis, told CNBC. "Epic is increasingly active in production across different entertainment markets and is enabling content convergence through Fortnite. Much of this aligns to different businesses within Sony." The investment is subject to regulatory approvals, Sony and Epic said. It's a significant deal for Sony into one of the world's top gaming brands. Privately-held Epic is also backed by another household name in the industry, Chinese firm Tencent. The news arrives as Sony gears up to launch its PlayStation 5 console later this year. The Japanese firm has been intensifying its battle with Microsoft to convince gamers to buy its next-generation device over the upcoming Xbox Series X.
BRASILIA (REUTERS) - Brazilian President Jair Bolsonaro is in good health after testing positive for the novel coronavirus earlier this week, his press office said on Thursday (July 9). "President Jair Bolsonaro, diagnosed with Covid-19 on (July) 7, is getting on well, without complications," the statement said. "He is in good health and continues to be monitored routinely by the medical team of the Presidency of the Republic." Related Stories:
Eldorado Gold Announces Stronger Second Quarter 2020 Preliminary Production Results and Conference Call Details
VANCOUVER, British Columbia, July 09, 2020 (GLOBE NEWSWIRE) -- Eldorado Gold Corporation (“Eldorado” or “the Company”) is pleased to announce the Company’s Q2 2020 preliminary production of 137,782 ounces of gold, a 50% increase over Q2 2019. Further detail on asset level production is shown in Table 1 below. Gold production at Kisladag increased by 130% over Q2 2019, and 19% over Q1 2020. Increased production in Q2 2020 was due to higher grade and tonnes of stacked ore and increased solution grades due to drier weather in June. Gold bearing solution levels remain high and are expected to decrease over the summer months, which will allow for processing of the gold currently in solution. Production at Olympias increased by 159% over Q2 2019 and 18% over Q1 2020. This reflects the work completed at Olympias over the past year to increase underground development and backfilling, which has resulted in increased tonnes processed. Production at Efemcukuru for Q2 2020 was slightly higher than Q1 2020 due to higher grades processed during the quarter. Operations at Lamaque resumed on April 15, 2020 following a three-week mandated shutdown by the government of Quebec to address the COVID-19 pandemic. Production was
WASHINGTON (REUTERS) - The top US general said on Thursday (July 9) that the military had to take a "hard look" at symbols of the Confederacy, including the names of bases, and said he had recommended a commission to look at the issue even as President Donald Trump has ruled out renaming military bases that are named for Confederate leaders. Despite Americans more conscious about race issues following the death of African American George Floyd while in Minneapolis police custody, Trump has favoured keeping the names of 10 military bases from Virginia to Texas that are named for Confederate military leaders. Chairman of the Joint Chiefs of Staff Mark Milley's comments could put him and the military on a collision course with Trump, who is campaigning for the November presidential election and has dismissed calls to rename bases as an attempt to erase American history. "I've recommended a commission of folks to take a hard look at the bases, the statues, the names, all of this stuff, to see if we can have a rational, mature discussion," General Milley told a congressional hearing. "There is no place in our armed forces for manifestations or symbols of racism, bias or discrimination," he said, noting that the American Civil War "was an act of treason at the time." Milley added that the focus for the military, in which 43 per cent of its members are minorities, was unity and cohesion. "For those young soldiers who go onto a base, a Fort Hood or a Fort Bragg or a fort wherever named after a Confederate general, they can be reminded that that general fought for an institution of slavery that may have enslaved one of their ancestors," Milley said. Trump's rejection of renaming bases, via a tweet last month, slapped down Pentagon officials who are open to discussing the issue, which has emerged as a way of achieving racial reconciliation. US military bases named for Confederate military leaders are all located in former Confederate states. Many of those states helped elect Trump in 2016, and he is counting on them again for the Nov 3 election. The Republican-led US Senate Armed Services Committee has voted to require the Pentagon to rename military bases named after Confederate generals.