business news in context, analysis with attitude

•  From the Seattle Times:

"Amazon, Starbucks, Microsoft Philanthropies, billionaires Steve and Connie Ballmer, the Bill & Melinda Gates Foundation and a host of other corporations and philanthropists announced Thursday they intend to spend more than $10 million in an effort to dramatically decrease homelessness downtown and in the Chinatown International District.

"Their investment will help set up and fund a team from the new King County Regional Homelessness Authority, designed to triage and alleviate homeless camping from Belltown to Little Saigon."

The story goes on:  "While many of these corporations have previously invested money toward addressing homelessness, they usually stick to programs that focus on children and families. It’s rare to see them put a large investment into mitigating the kind of chronic homelessness that, while it’s only a portion of the overall homeless population, dominates public discourse."