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(CNN) -- Apple announced a .5 billion financial package to help address the housing crisis in California, which has worsened in part because of the rapid growth of tech companies.The company laid out a five-point plan, including billion for an affordable housing investment fund, billion in mortgage assistance for first-time home buyers and opening some Apple-owned land valued at 0 million for development. The remaining 0 million will go toward a San Francisco housing fund and to support vulnerable populations.In San Francisco, roughly 7,000 people are homeless. There is a shortage of affordable homes across the Bay Area, which is pushing out middle and low-income workers like teachers and restaurant employees. Critics say the influx of tech companies and their well-paid workers has contributed to the ongoing housing crisis.RELATED: Company turns several San Diego apartments into vacation rentals"Affordable housing means stability and dignity, opportunity and pride," said Apple CEO Tim Cook in a press release. "When these things fall out of reach for too many, we know the course we are on is unsustainable, and Apple is committed to being part of the solution."The money won't be distributed immediately or all at once. Apple said it will "take approximately two years to be fully utilized depending on the availability of projects." Money made on the projects will be "reinvested in future projects over the next five years," the company said.RELATED: Study examines San Diego's 'affordability crisis'The financial package was created in partnership with California Governor Gavin Newsom. He said that Apple is "serious about solving this issue" and hopes other companies follow the company's lead.Other tech companies have announced financial packages with similar goals, although Apple's is the largest.Google pledged billion in June to redevelop company-owned land for affordable housing and created an investment fund to incentivize developers to build at least 5,000 affordable housing units in the region. In January, Facebook teamed up with organizations to raise 0 million to help fight the housing crisis.The housing issue has received national attention and was a topic of major debate during the last California state election.RELATED: Home building numbers show major decrease in San Diego in 2019In November 2018, voters passed the largest corporate tax increase in San Francisco's history — an issue that pitted Salesforce CEO Marc Benioff against Twitter and Square CEO Jack Dorsey. Benioff accused Dorsey and other tech leaders who opposed the ballot measure of not giving enough back to the city where their companies are headquartered. As tech companies expand, their high-paid employees create a supply-demand imbalance for housing, sending California's home prices through the roof.-- CNN Business' Ahiza Garcia contributed to this report. 2904
On the left is a photo of Leila Cavett at a Cracker Barrel restaurant in Vero Beach, Florida, taken on the evening of July 24. On the right is a photo of Cavett with her son, Kamdyn, at a RaceTrac gas station in Hollywood, Florida, at 10:20 p.m. on July 25. 266
#USPS IG investigators informed Committee staff today that they interviewed Hopkins on Friday, but that Hopkins RECANTED HIS ALLEGATIONS yesterday and did not explain why he signed a false affidavit.— Oversight Committee (@OversightDems) November 10, 2020 263
Shares of AT&T dropped Friday after the New York Times reported the Department of Justice opened a, anti-trust investigation into coordination by the carriers to "hinder consumers from easily switching wireless carriers."The NY Times piece includes information from anonymous sources and says those sources have knowledge of the inquiry. Read the NY Times report here.The G.S.M.A., a mobile industry standards-setting group, is also part of the investigation, according to the NY Times. Complaints were filed with the Department of Justice several months ago, prompting the investigation, the sources told NYT.None of the entities under investigation commented for the NYT report. 708
(CNN) -- A new entry in "The Hunger Games" series is on the way, though fans will likely have to navigate the violent world without Katniss Everdeen.Scholastic announced an untitled prequel novel to the bestselling young adult series, set 64 years before the events of the eponymous first novel. The original trilogy followed heroine Everdeen in the fictional dystopia of Panem as she squared off against other teens in a fight to the death and eventually led an uprising against the oppressive ruling class.Author Suzanne Collins said the new story is set during the "Dark Days," 10 years after the start of the titular games that reduced citizens to savagery and murder to survive."With this book, I wanted to explore the state of nature, and what we perceive is required for our survival," she said, adding that the nascent days of the rebellion provide ample ground for new characters to "define their views of humanity."Set for a May 2020 release, the newest "Hunger Games" novel will arrive almost 10 years after the last, "Mockingjay," was published.The series spawned a movie franchise starring Jennifer Lawrence as Katniss with Stanley Tucci, Philip Seymour Hoffman and Julianne Moore. The four films earned nearly billion worldwide.Entertainment studio Lionsgate confirmed in a statement it had begun working on a new "Hunger Games" film to accompany the new novel."As the proud home of the 'Hunger Games' movies, we can hardly wait for Suzanne's next book to be published," company chairman Joe Drake said. 1528