HUH!?

• The city council in Palo Alto, California, trying to retain some of its Silicon Valley non-millionaires, proposed a subsidy plan in March to help with steep housing costs. In a town where tiny homes sell for $2 million (and are immediately knocked down and rebuilt), subsidies will be available even to families earning $250,000 a year.

• (2) In February, a family court in England reduced the child-support payments from hedge fund financier Christopher Rokos to the mother of his 7-year-old son from the equivalent of about $17,000 a month to about $11,300 -- though that amount includes more than $1,200 a month for "wine" (perhaps, in case the kid is a handful). [KPIX-TV (San Francisco), 3-22-2016] [Bloomberg Business, 3-11-2016]