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New York City Is Spending $81,000 Per Year On Each Homeless Person
New York City Is Spending $81,000 Per Year On Each Homeless Person
New York City spent about $368 million last year on services for people living on the streets, which equals roughly $81,000 per unsheltered person, according to the NY Post.
Spending through the city’s New York City Department of Homeless Services street outreach programs has increased sharply over the past several years. In 2019, the city spent about $102 million on these services, averaging around $28,000 per unsheltered individual. By the 2025 fiscal year, the average cost had risen to...
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Feb 27, 2026 / Tyler Durden
MP's "Strong" Quarter: Accelerated Production, Long-Term Agreements With Major Tech Companies
MP's "Strong" Quarter: Accelerated Production, Long-Term Agreements With Major Tech Companies
MP Materials Corp. reported fourth quarter revenue of $52.7 million and net income of $9.4 million, or $0.05 per diluted share, yesterday reflecting a sharp year-over-year improvement driven largely by price floor protection under its agreement with the U.S. Department of War.
Full year revenue rose 10% to $224.4 million as the company ramped separated product output and began generating magnetic precursor sales.
MP said in a press release yesterday that operationally, 2025 marked a step-change in upstream and midstream execution. MP...
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Jun 25, 2026 / Tyler Durden
YouTube Settles With Florida Teen Alleging Social Media Addiction Harms Ahead Of California Trial
YouTube Settles With Florida Teen Alleging Social Media Addiction Harms Ahead Of California Trial
Authored by Kimberly Hayek via The Epoch Times,
Google's YouTube has settled a lawsuit brought by a 16-year-old Florida boy who says the platform's features played a role in his social media addiction and harmed his mental health.
A 12-year-old boy watches YouTube on his smartphone on March 27, 2026. Ulet Ifansasti/Getty Images
The settlement was reached ahead of a second California state court trial set to start on July 27. That trial will review similar allegations against Meta...
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Feb 27, 2026 / Tyler Durden
OpenAI Secures Record $110 Billion Funding Round Backed By Amazon, Nvidia, & SoftBank
OpenAI Secures Record $110 Billion Funding Round Backed By Amazon, Nvidia, & SoftBank
OpenAI has closed a new funding round that could total $110 billion, valuing the ChatGPT maker at $730 billion pre-money and potentially putting it on course for an IPO in the second half of the year, according to a new Financial Times report.
The three investors in the deal are Nvidia, Amazon, and SoftBank. People familiar with the deal say this opens the pathway to the public markets at the end of this year.
Breaking down funding numbers by...
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