Italy bridge collapse: The financial facts behind the fury

The collapsed Morandi Bridge is seen in the Italian port city of Genoa, Italy August 15, 2018. REUTERS/Stefano Rellandini By Valentina Za and Stefano Bernabei

MILAN (Reuters) – Italy’s anti-establishment government, outraged at the deadly collapse of a 50-year-old bridge, has presented the disaster as a warning to Brussels to give it more leeway to upgrade the country’s aging infrastructure.

But the political anger generated by Tuesday’s tragedy in Genoa, in which at least 39 people died, could instead end up piling even more financial pressure on the state – from nervous holders of its 2 trillion euros ($2.3 trillion) in […]

Hamilton’s basic income participants plead for city to fight for them

Hamilton's basic income participants plead for city to fight for them

One by one, participants in the province’s basic income pilot project came to the microphone at Hamilton City Hall Wednesday to mourn the dignity they felt was robbed from them after the program was unceremoniously scrapped.

Some spoke about how their mental health had vastly improved while the program was running. Others talked about how it helped them focus on work, and growing a small business. Still others celebrated the small victories of being able to buy fresh food, or just see a movie.

For Michael Hampson, the program afforded him something as simple as being able to buy new clothes."They […]

Steem Basic Income 72h Raffle #19 (win lifetime upvotes on all your posts)

Steem Basic Income 72h Raffle #19 (win lifetime upvotes on all your posts)

We hit 27 valid entries, 27 upvotes and 20 resteems (adding up to 74 raffletickets).

Congratulations to once more @teresah and @mellofello for being our last lucky raffle winners: Steem Basic Income 48h Raffle #18 .

Keep resteeming and inviting your friends! For every 10 valid entries I will raffle out 1 SBI share! Steem Basic Income is a social experiment to bring a basic income to as many Steemians as possible. Members join by sponsoring others into the program. Steem Basic Income is delivered through providing regular upvotes to member content. In case you do not know about @steembasicincome already […]

Samsung Life in proxy war against FSS

Samsung Life in proxy war against FSS

Tweet Follow @koreatimescokr Samsung Life’s headquarters in Seoul By Jhoo Dong-chan
Samsung Life has waged a legal battle against the nation’s financial regulator by filing a lawsuit against one of its policyholders that claimed the insurer overcharged them and didn’t pay a fair annuity.
The insurer’s move, aimed at invalidating the policyholder’s demand for compensation, is seen as a proxy legal war against the Financial Supervisory Service (FSS) as it is equivalent to defying the FSS’ order.
In July, the FSS concluded the nation’s major insurers, including Samsung Life and Hanwha Life, deducted part of payouts as working expenses […]

Potential pensions crisis brewing for young people and millennials

Potential pensions crisis brewing for young people and millennials

Young people and millennials are confused about pensions and about how they will pay for a decent standard of living when they retire.

In February 2018, the Chartered Institute for Securities and Investments published a survey which found that 10% of 18-24yr old employees did not “know what a pension was or how it worked”, as reported in People Management magazine. A quarter of respondents believed that their living standards would actually improve during retirement as opposed to just 8% of the wider working population.

Another survey by the Institute found that 36% of employees did not know that they […]

Why universal basic income costs far less than you think

Why universal basic income costs far less than you think

Want to get rid of poverty, lessen inequality and provide financial stability in a world of precarious work? Well, why not simply give everyone enough money to ensure basic sustenance?

This is the deceptively simple solution proposed by advocates of universal basic income ( UBI ). Just transfer enough money to everyone, every month, to guarantee a basic livelihood. The policy is universal and unconditional (you get it no matter who you are or what you do).

This means no bulky bureaucracy to administer the programme, or onerous reporting requirements on the poor. Nor do you have to wait to file […]

Scott Santens, activist and example of how to live on a basic income

Scott Santens, activist and example of how to live on a basic income

(Image by Álvaro Orús) Activist Scott Santens is American and lives in New Orleans. Through a crowfunding campaign he lives from his own basic income. Álvaro Orús and Mayte Quintanilla “I’m dedicating my life to making this idea really come to light,” Scott Santens tells us in this complete interview that served as the basis for the documentary UBI, our right to live. “Since January 2016, I’ve been living with the basic income of a thousand dollars a month, so this is what really helps me to understand it from a personal perspective, not just something I’m talking about […]

Bill to cut Toronto council size passes as session ends

Bill to cut Toronto council size passes as session ends

‘Accomplished a heck of a lot’: house leader

TORONTO — The Ontario government passed a controversial bill to slash the size of Toronto city council on Tuesday, capping off a rare and tumultuous summer legislative sitting that saw the newly elected Progressive Conservatives forge ahead on several key campaign promises.

The legislation, one of two bills passed during the month-long sitting, was announced unexpectedly in late July, putting the province at loggerheads with the city as it prepares for a fall municipal election and prompting critics to accuse the new government of circumventing the democratic process.Tensions roiled as the […]

Province to scrap Ontario basic income pilot project

Province to scrap Ontario basic income pilot project

Thank goodness the NDP didn’t win, that’s all I have to say…

James Collura wasn’t fulfilled in his job, so he quit and joined Ontario’s basic income pilot program.

Using his economics degree to get a job at a bank just wasn’t what Collura wanted so he quit once he signed up for the former Liberal government program we were told was supposed to be about reducing poverty.“I knew basic income would be psychologically and physically freeing,” Collura told the Lindsay Advocate a few months ago.Freed from having to hold down a job, Collura has found a new purpose. He says […]

Summertime events in Iowa featuring 2020 presidential prospects

Summertime events in Iowa featuring 2020 presidential prospects

Attorney Michael Avenatti and former Iowa Lt. Gov. Patty Judge visit in Iowa State Fair livestock pavilion. Democratic candidates weighing their prospects for the 2020 presidential race were in Iowa this weekend.

Michael Avenatti, the attorney representative an adult film star who’s suing President Trump, spoke Friday night at the annual “Wing Ding” north central Democrats held in Clear Lake.

“What I fear for this Democratic Party that I love so much is that we have a tendency to bring nail clippers to a gun fight,” Avenatti said, drawing laughter and applause from the crowd. “…I believe that our party, the […]