Italian populists post final version of gov’t “contract”

ROME, May 18 (Xinhua) — Italy’s populist Five Star Movement on Friday posted online a final version of its so-called "contract" with the rightwing League, outlining how the two forces plan to govern Italy.

The two parties are the relative winners of Italy’s March 4 general election, and have been in power-sharing talks.

The final document watered down more radical proposals contained in earlier versions, which suggested Italy should leave the eurozone and asked the European Central Bank (ECB) for a debt haircut of 250 billion euros to pay for generous public spending and drastic tax cuts.The 57-page, 30-point final version […]

Italian populists unveil joint government program

Italian populists unveil joint government program

ROME: Anti-establishment and far-right parties began haggling over who will be Italy’s next prime minister after publishing a joint policy program Friday that brought the eurozone’s third-largest economy a step closer to a populist government.

The political deadlock brought about by March’s inconclusive elections neared its end after the plan’s unveiling by the Five Star Movement and the far-right League party.

The program promises the end of postcrisis austerity measures and seeks deep change in relations with the European Union.The two parties now need to announce a prime ministerial candidate in time for a meeting Monday with President Sergio Mattarella.Mattarella must […]

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I decided to take some time and run some numbers on this. My numbers are not absolute as I used Google and used what LOOKED like official numbers. They may be off to some degree or they may be absolutely wrong. So once again, I am not saying these numbers are the end all to be all. With that disclaimer out of the way, here is what I came up with.

First, I started with the assumption that this basic income(BI) is only for those who are 18 and over. This is because children should be raised […]

A Georgia College That Holds Onto, Then Graduates Its Minority Students

A Georgia College That Holds Onto, Then Graduates Its Minority Students

Georgia State University in Atlanta is a state college in an area with some of the country’s best known black colleges, which are there mainly because, until the 1960s, Georgia State was segregated. Now the black colleges are looking at Georgia State’s innovations to learn how to better serve their own student populations.

It feels good to write an unreservedly positive story about education, even if I had to go to Georgia to find it. Even better, the model they use is already in place to a lesser extent in our universities and can be expanded by increasing services and […]

Davos Economist Says Universal Basic Income May Prove to be

Davos Economist Says Universal Basic Income May Prove to be

” and basic income will be rolled out on a national scale if the experiment proves effective. 14 Mar 2017 That’s the idea behind the universal basic income (UBI) — and it is UBI was a hot topic at the World Economic Forum in Davos, Switzerland, in economics are almost universally against the idea,” Smetters says. It may surprise you to learn that a partial UBI has already existed in Alaska since the idea of basic income, and this is true even of many economists – but not all . 26 Nov 2017 Is an unconditional, universal basic income […]

Italy awaits PM nominee after populists unveil government programme

Italy awaits PM nominee after populists unveil government programme

Anti-establishment and far-right parties began haggling over who will be Italy’s next prime minister after publishing a joint policy programme on Friday that brought the eurozone’s third largest economy a step closer to a populist government.

The political deadlock brought about by March’s inconclusive elections neared its end after the plan’s unveiling by the Five Star Movement and the far-right League party.

The programme promises the end of post-crisis austerity measures and seeks deep change in relations with the European Union.Five Star members have until Friday evening to vote online on whether to approve the programme, while the League will offer […]

[Infographic] Life after artificial intelligence: Will the future be free?

[Infographic] Life after artificial intelligence: Will the future be free?

The innovations in artificial intelligence over the past several years are growing exponentially frequent and indicate a shift in how we work, live, and play. From self-driving cars and automated auto factories to bots that write news articles for the Associated Press, automation is spelling out the question many people don’t want to think about answering: What will we do if and when robots render human workers obsolete?

The fears are understandable. Robots are able to complete the work of more than five people and there are almost 5 times as many robots per thousand workers in the U.S. than […]

Why don’t people want free money? The uncertainty around universal basic income

Why don’t people want free money? The uncertainty around universal basic income

Gwynne Dyer’s latest book is Growing Pains: The Future of Democracy (and Work).

There is a remarkable lack of enthusiasm for free money.

A recent poll asked people in the work force to rank their preferences: a higher minimum wage; legally enforced profit-sharing by employers; direct government subsidies to wages; and a universal basic income (UBI). Most of them put UBI in last place.That’s not really surprising. People who cannot imagine a different economic environment are naturally reluctant to break the link between work and compensation. But if we are moving toward a future where work is not available for half […]

There’s a limit to other people’s money

There’s a limit to other people’s money

Last Monday, the city council in Seattle, Washington, voted to implement a special employee tax on all businesses with revenues of $20 million or more. The tax requires all those businesses to pay $275 annually for each employee. That is not quite as bad as the original proposal to make the tax $500 per employee, but it will still cause problems for both the city and the companies that have to pay it.

The big target of the tax is Internet retail giant Amazon, which has its headquarters in Seattle and employees about 45,000 people in the city. It is […]

Italy may soon have a new government. Will that lead to Europe’s next crisis?

Italy may soon have a new government. Will that lead to Europe's next crisis?

Populists are on the verge of forming a new government in Italy, the third biggest economy in the eurozone.

They’ve dropped some of their most explosive election campaign pledges, such as calling for a referendum on whether Italy should abandon the euro, or leave the European Union.

But a prospective coalition of the anti-establishment Five Star Movement (M5S) and far-right League party is promising a spending and tax-cutting binge that has rattled investors and could contain the seeds of a new European crisis.The Milan stock index has slumped 2.5% this week, compared to a 0.6% gain in the wider European […]