Amazon CEO Jeff Bezos announced the launch of a new $2 billion charitable fund Thursday, focused on fighting homelessness and providing quality education.
The new "Bezos Day One Fund" is the result; it'll work to issue "awards" to existing nonprofits that provide shelter and food to homeless young families.
Bezos, whose stake in Amazon is worth about $160 billion USA, says that he'll call it the Bezos Day One Fund. It is a contrast to the long view that Bezos has preached at Amazon and Blue Origin, the space-travel technology company he has been funding with $1 billion a year through the sale of Amazon stock.
He has also been criticized for not contributing his fortune to philanthropy like other billionaires have, including Microsoft founder Bill Gates and Berkshire Hathaway's Warren Buffett. "We will build an organization to directly operate these schools", he added.
Mr Bezos - reportedly worth more than $164bn - has faced criticism for not doing more philanthropic work. In January, Bezos also personally gave $33 million USA in college scholarships for young immigrants living in the U.S. illegally.
He has also made donations for cancer research and to Princeton University, his alma mater.
OnePlus Announces Type-C Bullets Earphones And the reason for removing the headphone jack is simple and obvious; it frees up space to put "new technology" into the device. To appease its consumers, OnePlus will include a 3.5mm adapter and begin to sell $20 USB-C versions of its Bullets headphones.
ISS images show massive Hurricane Florence from 400 km up Officials in the potential path of Florence urged people to evacuate their coastal homes and directed drivers away from the coast. FEMA has warned that while downgraded, the storm will still generate life threatening storm surge and rainfall in North and SC .
An Amazon spokesman didn't have details on who would run Bezos' new initiative, or where the group would be based.
Launched in 1994 as an online bookseller, Amazon has become a retail powerhouse operating globally, and has expanded into streaming video, music, cloud computing and other segments, and past year acquired the Whole Foods grocery chain.
According to the research firm eMarketer, Amazon's e-commerce revenue will grow more than 28 percent this year to reach $394 billion, and will account for 49 percent of U.S. online retail sales and almost five percent of all retail spending. It also comes as tech giants like Amazon face the threat of tougher regulations to protect consumer privacy and complaints from the Republican-controlled Congress and White House over alleged liberal bias influencing how their offerings are presented to consumers.
Now that question has been answered, at least in part.
Amazon has selected 20 cities as "finalists" for the headquarters and has indicated it would make a decision by year-end.
Coastal counties Carteret, Craven and Pender are experiencing the most outages as Hurricane Florence begins to batter the coast . So we could have two landfalls - one around Wilmington and then one near Myrtle Beach or even south of there.
The Storm returned to dominance this season, capturing the W's best overall record and the number one spot in the playoffs. They combined for 59 points and 22 rebounds, helping the Storm establish a big lead and coast to a 98-82 win.
For more than a decade California has adopted ambitious laws and regulations to confront climate change. A new California law says the state must phase out fossil fuels from its electrical grid by 2045.
Tottenham are fifth in the Premier League after they lost 2-1 to Watford, while Liverpool are top, having won all four games. Alli suffered a slight muscle strain in England's Nations League defeat to Spain last weekend.
Apple's new iPhone XS , pronounced "ten S", has a 5.8-inch (14.7-cm) screen , and will be sold at a starting price of $999. The XR uses the LCD screens of Apple's past, and lacks the pressure-sensing 3D Touch feature that debuted on the iPhone 6S.
This is said to be because the CEO of the Women's Tennis Association (WTA ), Steve Simon , and the U.S. Williams later broke her racket and shouted at Ramos, which led to a penalty point and a game penalty.
The FDA also targeted Juul retailers this spring, issuing 56 warning letters and six civil monetary penalties. The plan will address some of the known public health risks of these products, including the role of flavors.
The journey was part of their holiday, they said, though they had also been in Europe to do business related to sports nutrition. RT editor-in-chief Margarita Simonyan said the pair had called her mobile because they wanted to tell their story.
Three attackers also died in the incident, which Beijing blamed on separatists from the restive western region of Xinjiang. Harrowing footage showed hundreds of people running away in panic as the 4x4 smashed into the crowd.
Photos of the water bottles covered in a blue tarmac circulated social media on Tuesday, the same day that U.S. For Maria, there was a large gap between when the first loan was approved and when loans started ramping up.
Hurricane Florence strengthens to Category 4
Hurricane Florence , a powerful Category 4 storm, is less than 48 hours out from making landfall in the Carolinas. Florence is the most risky of three tropical systems in the Atlantic.
Apple's cheaper iPhone XR rocks bright colours
It has the same upgraded technology as the iPhone XS phones, and you can take Bokeh portrait shots with the help of software. The new Apple Watch, and some of its new capabilities: low heart rate detection, ECG, and fall detection.
Donald Wuerl to talk resignation with Pope Francis in Vatican
The outrage has also been directed at Francis and the Vatican and has fueled conservative criticism of Francis' pontificate. A US bishop accused of molesting adults resigned on Thursday, in the latest sex abuse scandal to rock the Catholic Church .
RIP iPhone: Apple discontinues its flagships
Colorful identity: If you want your iPhone XS to be any color than gold, silver or black-grey, you'll have to buy a case. The iPhone XS , iPhone XS Max and iPhone XR will be in stores by the end of September, and they will not come cheap .
Six People Dead After Shooting In Bakersfield
Five people have been killed in a string of shootings in Bakersfield, California . "This is the new normal", said Youngblood. CBS 13 reports that investigators say the man behind the shootings is among the dead and shot himself in the chest.
Tony Finau added to US Ryder Cup team as captain's pick
Xander Schauffele , believed to be Finau's main competition for the final pick, finished a shot out of a playoff at the BMW. According to the Billy Horschel rule, however, Furyk still has one more pick to make this week.