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~$13M positive operating cash flow for the quarter

Company announces new one-year $15m share buyback program

KFAR SAVA, Israel, May 2, 2024 /PRNewswire/ — Silicom Ltd. (NASDAQ: SILC), a leading provider of high-performance networking and data infrastructure solutions, today reported its financial results for the first quarter ended March 31, 2024, together with its progress to date executing the 5-Year Strategic Plan announced on February 1 st . Silicom Logo Financial Results Silicom’s revenues for the first quarter of 2024 totalled $14.4 million compared with $37.2 million for the first quarter of 2023.On a GAAP basis, the […]

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Last month Somerville Mayor Katjana Ballantyne announced that the city will be joining a coalition of cities experimenting with a guaranteed basic income by giving 200 families at risk of homelessness $750 a month for a year. “We’re trying to use any tool possible to help these families become stable,” the mayor said in an interview. Her office worked with the public schools and local social service agencies to identify the residents in need, part of the city’s comprehensive effort to offer financial literacy, rental vouchers, and other measures to keep vulnerable Somerville residents in their homes.

Unlike food stamps, […]

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By some measures, Massachusetts has the dismal distinction of being the most expensive state in the country in which to live and raise a family. We all know the litany: the cost of housing, health care, utilities, and child care is too damn high. Even a subsistence living wage — with nothing left over for savings or the smallest luxuries — is beyond the reach of many families. In 2023, family homelessness in Massachusetts increased 29 percent over the previous year, one of the largest spikes in the nation. All of the opulent condo developments and lavish spending so […]

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Last month, Somerville Mayor Katjana Ballantyne announced that the city will join a coalition of cities experimenting with a guaranteed basic income by giving 200 families at risk of homelessness $750 a month for a year. “We are trying to use every tool we can to help these families become stable,” the mayor said in an interview. Her office worked with the public schools and local social services to identify residents in need, as part of the city’s comprehensive efforts to provide financial literacy, rental vouchers and other measures to keep vulnerable Somerville residents in their homes.

Unlike food stamps, […]

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Social Science Bites podcast artwork Here’s a thought experiment: You want to spend a reasonably large sum of money providing assistance to a group of people with limited means. There’s a lot of ways you might do that with a lot of strings and safeguards involved, but what about just giving them money — "get cash directly into the hands of the poor in the cheapest, most efficient way possible." You and I might prefer that, since we, of course, are reputable people and good stewards and understand our own particular needs. But what about, well, others?

Economist Tavneet Suri […]

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In 2023, thousands of Chicago families participated in the program; several individuals indicated to WEBZ and the Chicago Sun Times that they wished the program had lasted for longer.

Chicago Mayor Brandon Johnson is relaunching the city’s guaranteed basic income program (GBI) to exhaust $374 million in federal money earmarked for community projects. Although it appears the city has been slow in spending this money since 2021, the popular program should help them spend it by the 2026 deadline.

It is important to the Johnson administration that the money is spent, and according to Mayor Johnson’s Budget Director Annette Guzman, “The […]

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