An end to Safe Harbor
Here are the numbers we're reading and watching for Tuesday.
4,500 companies
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.
2.5 percent
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.
124 million pounds
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.
$11 per hour
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.