Category: Basic Income

Some of the biggest names in Silicon Valley are working on an extremely ambitious project aimed at distributing cryptocurrency as a form of global basic income, and biometric technology will play a key role in that.

The effort was revealed in a round-up from Bloomberg that has practically become a soft launch of sorts, with project sponsors and supporters not yet ready for a formal announcement. However, two of these directors – Sam Altman and Alexander Blania – agreed to give Gillian Tan and Ellen Huet some details of the release.

Altman is best known as the past president of Y […]

Full Post at thedailycryptocurrencynews.com

People sit at a restaurant in Matera, Italy, June 28, 2021. Picture taken June 28, 2021. REUTERS/Yara Nardi reuters_tickers June 29, 2021 – 14:42

By Angelo Amante

ROME (Reuters) – Coronavirus curbs have eased, tourists are returning, but Italy’s restaurants and hotels are facing an unexpected problem — they can’t find the staff.Prime Minister Mario Draghi’s unity government is counting on a robust rebound from last year’s recession, Italy’s deepest since World War Two, and is looking to tourism — aided by the EU’s new COVID-19 pass — to lead the way this summer.But emerging recruitment difficulties, echoing reports of chronic […]

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The Commons Work and Pensions Committee ruled "we are not convinced" a Universal Basic Income would be the right way forward An influential group of MPs has rejected the idea of a £60-a-week payment for all Brits after Tory MPs voted down a bid to show support.

The Commons Work and Pensions Committee ruled "we are not convinced" a Universal Basic Income would be the right way forward for the UK.

The body added the Department for Work and Pensions (DWP) should instead focus on making existing benefits "sufficient to meet claimants’ basic needs".But the committee was publicly split over the […]

Full Post at www.mirror.co.uk

Sam Altman has a new startup that intends to give a special type of cryptocurrency to every person on earth. But first, it wants to scan everybody’s eyeballs.

Altman, the former head of the Silicon Valley business incubator Y Combinator , is one of three founders of the company Worldcoin. Among the many parts of its plan, Worldcoin has designed an orb-shaped device that would scan a person’s iris to construct a unique personal identifier.

The company is backed by Andreessen Horowitz , the venture capital arm of Coinbase Global Inc. , LinkedIn founder Reid Hoffman and Day One Ventures . […]

Full Post at www.bloomberg.com

Representational image. | Noah Seelam / AFP In an interview around the time the National Statistical Office said that the economy had grown at only 1.6% in January-March quarter, Finance Minister Nirmala Sitharaman asserted that all that sufficient measures had already been taken to restore growth in the proposals under Union Budget 2021-’22 and three tranches under the Atmanirbhar Bharat.

On Monday, this was topped up by new measures to support the economy, This time there was a focus on the healthcare and tourism sectors.

There can be no room for complacency.First, there has been a secular decline in growth […]

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GLASGOW, SCOTLAND – JUNE 09: SNP’s Chris Stephens wins the Glasgow South West seat at the Emirates arena Glasgow count of the UK Parliamentary election on June 09, 2017 in Glasgow, Scotland. (Photo by Jamie Simpson/Herald & Times) – JS. THE SNP have criticised the Tories for “callously” ruling out options it says will create a fairer, more equal society.

The Work and Pensions Committee yesterday published a new report that blasts the Department for Work and Pensions (DWP) for failing to set out a long-term plan to support people to adapt to changes in the labour market and finds […]

Full Post at www.thenational.scot

© PA Further to the letter by DE (EE, June 17) asking “can an independent Scotland afford to pay pensioners?”, there is also the radical pledge by the SNP to deliver a “universal basic income”.

This is meant to replace the benefits system , including pensions, with “free” cash for every man, woman, and child. This is to be championed as a way to reduce poverty.

This threatens to be exceedingly expensive, which I don’t think has ever been costed by the SNP, but has been independently estimated to cost taxpayers an extra £60 billion.How will this be funded? I believe […]

Full Post at www.eveningexpress.co.uk

Daisy Jackson is a fourth-generation Detroiter who has lived in her Islandview home for 50 years. As the city of Detroit decides how to spend an influx of federal money, for Jackson, neighborhood investment looks like fixing up homes.

Block clubs and neighborhood associations need financial support, said Denise Lyles, 62 of Detroit’s Dexter Linwood area, where her family has lived for nearly a century.

Chase Cantrell, 37 of Detroit’s Bagley community, thinks the city should ramp up funds for Black and brown developers and pilot a universal basic income program.These three residents are among more than 3,000 others who, over […]

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Tribune. The immense social inequalities highlighted by the anger of the “yellow vests” have been further aggravated by the pandemic. Associations estimate that in 2020 the number of people living below the poverty line – which, in France, is set at 60% of median income ( i.e. 1,075 euros in 2020 ) – has crossed the 10 million mark, or almost 15% of the population.

Fortunately, the social assistance policy makes it possible to limit the deterioration in living conditions. But it is restrictive and very incomplete. And the brutal brake on the economy during the pandemic demonstrated that social […]

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