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Federal Benefit Helping , Low-Income Households , Afford Internet Coming to an End.<br/>CNN reports that next month, low-income <br/>Americans face a crisis that threatens millions <br/>of households with economic distress.<br/>The United States government says that <br/>it can only pay about half of what it owes <br/>on a popular federal benefits program.<br/>The Federal Communications Commission (FCC) announcement <br/>represents the first tangible impact of Congress' failure <br/>to extend the Affordable Connectivity Program (ACP).<br/>The pandemic-era benefit provides <br/>monthly discounts on internet service <br/>for over 23 million households in the U.S.<br/>As a result of dwindling funds, <br/>April will be the last month <br/>households can receive full benefits. .<br/>In May, ACP will only be able to <br/>provide 46% of the normal benefit <br/>payments before ending entirely in June.<br/>The end of the program means that millions of <br/>people will have to choose between paying <br/>for internet, housing and food.<br/>According to the FCC, Internet service providers (ISPs) <br/>could decide to close the gap for millions of households <br/>that will be impacted by the program coming to an end.<br/>We encourage providers to <br/>take efforts to keep consumers <br/>connected at this critical time, FCC statement, via CNN.<br/>The FCC went on to add that ISPs could offer discounts, low-cost <br/>internet plans or take other measures to ensure that service is <br/>not interrupted for millions of low-income Americans.

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The parent firm of Poundland has said it is continuing to witness extra freight charges and delays due to disruption in the Middle East. However, Pepco Group, which runs the 864-strong discounter in the UK, said it is managing product availability and does not expect any issues to have an impact on profits.

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As China’s stock market goes, so goes its billionaire population. And last year was not a good year for many Chinese stocks. As a result, the number of mainland Chinese billionaires on Forbes’ World’s Billionaires list fell for the third consecutive year. A total of 406 Chinese billionaires made the ranking, down from 495 a year ago and a record 626 in 2021. Continued fallout from the pandemic and geopolitical tension drove down stock prices and hurt economic growth in the world’s second largest economy. A deepening slump in the country’s property market also diminished fortunes.<br/><br/>Still, mainland China has the second largest number of billionaires globally, behind only the U.S., which has 813 billionaires this year.<br/><br/>Mainland China doesn’t include passport holders from Hong Kong or Macau, whom Forbes lists separately. Counting those billionaires, greater China has 473 members, down from 562 in 2023, 607 in 2022 and 698 in 2021.<br/><br/>The Forbes World’s Billionaires list is a snapshot of wealth using stock prices and exchange rates from March 8, 2024. Some people become richer or poorer within days of publication. We list individuals rather than multigenerational families who share fortunes, though we include wealth belonging to a billionaire’s spouse and children in certain cases, namely if that person is the founder of the fortune. For Russian billionaires, fortunes were calculated using ownership structures from February 2022, prior to Russia’s invasion of Ukraine and before many made transfers of assets to managers, friends and others in an effort to protect their holdings from sanctions. We value a variety of assets, including private companies, real estate, art and more. We don’t pretend to know each billionaire’s private balance sheet (though some provide it). When documentation isn’t supplied or available, we discount fortunes. For daily updates of net worths, go to forbes.com/real-time-billionaires.<br/><br/>Read the full story on Forbes: https://www.forbes.com/sites/russellflannery/2024/04/02/the-10-richest-chinese-billionaires-2024/?sh=7eb8b36d6b40<br/><br/>Subscribe to FORBES: https://www.youtube.com/user/Forbes?sub_confirmation=1<br/><br/>Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in-depth reported stories, daily digests and more. Plus, members get a front-row seat at members-only events with leading thinkers and doers, access to premium video that can help you get ahead, an ad-light experience, early access to select products including NFT drops and more:<br/><br/>https://account.forbes.com/membership/?utm_source=youtube&utm_medium=display&utm_campaign=growth_non-sub_paid_subscribe_ytdescript<br/><br/>Stay Connected<br/>Forbes newsletters: https://newsletters.editorial.forbes.com<br/>Forbes on Facebook: http://fb.com/forbes<br/>Forbes Video on Twitter: http://www.twitter.com/forbes<br/>Forbes Video on Instagram: http://instagram.com/forbes<br/>More From Forbes:http://forbes.com<br/><br/>Forbes covers the intersection of entrepreneu

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