An end to Safe Harbor
That’s about how many will be affected by the European Court of Justice’s ruling to strike down the so-called “safe harbor” pact. The 15-year-old pact was used by companies like Apple and Google to transport Europeans’ information to the States. According to the ruling — the transfers were too susceptible to U.S. government surveillance. As the Wall Street Journal writes, this forces companies to figure out a new information transportation solution before they begin to receive fines or suspensions.
That’s how much McDonald’s says its sales could be lifted by the switch to serving all-day breakfast. If that’s true, other major restaurant chains may soon follow suit. But some food industry researchers aren’t sure that the move will actually have that big of an effect on the industry at large. McDonald’s already dominates other businesses during breakfast hours, so others jumping into all-day service wouldn’t likely affect the Golden Arches’ dominance.
That’s how much lobster Maine fisherman pulled in last year. Lobster is one of the few seafood delicacies that has maintained its supply over the years. In fact, it’s actually increased in volume. But as Quartz reports, people aren’t really sure why the lobster has become so bountiful.
That’s how much minimum wage in St. Louis will be raised to by 2018, as approved by Mayor Francis Slay earlier this year. But the increase in wages has been met by strong push back from the Missouri General Assembly. Lawmakers overrode a gubernatorial veto on legislation that effectively prevents other cities from also raising their minimum wage. That has some St. Louis businesses worried that if the wage hike goes through in the city, locals will be hit with a higher wage scale than the rest of the state.
We’re here to help you navigate this changed world and economy.
Our mission at Marketplace is to raise the economic intelligence of the country. It’s a tough task, but it’s never been more important.
In the past year, we’ve seen record unemployment, stimulus bills, and reddit users influencing the stock market. Marketplace helps you understand it all, will fact-based, approachable, and unbiased reporting.
Generous support from listeners and readers is what powers our nonprofit news—and your donation today will help provide this essential service. For just $5/month, you can sustain independent journalism that keeps you and thousands of others informed.
Give today and get our limited edition tote.