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The technology underlying cryptocurrencies, called Distributed Ledger Technology (DLT), is sweeping the globe.It could one day transform who controls global financial markets.And it could radically change the balance of power among the world’s superpowers.But while U.S. authorities debate about the “dangers,” Asian countries are jumping ahead to reap the benefits.In recent congressional hearings, Rep. Brad Sherman (D-Calif.) argued that cryptocurrencies are good for nothing except money laundering and tax evasion. He recommended that the U.S. move immediately to ban all purchases and mining.Fed Chairman Jerome Powell chimed in […]

Step 1 | “The way we see the problem is the problem”

This post is going to be a bit of stretch but it does relate to Universal basic Income (UBI), so please bear with me.

I read a book called, "The 7 Habits of Highly Effective People" and this book first starts off discussing this idea of ‘perspective’. In short, it goes into great depth discussing how "The way we see the problem is the problem". Now, UBI is a beautiful marriage between Socialism and Capitalism however, the further I dug, the more I saw that, IF UBI is designed as a ‘response’ to a problem where that ‘problem’ isn’t the […]

Documentary explores attempts to implement an unconditional basic income

Documentary explores attempts to implement an unconditional basic income

News By Yvette Sei

FREE LUNCH SOCIETY: Filmmaker and economist Christian Tod discussed what he sees as the benefits of implementing an unconditional basic income after the screening of his documentary last Thursday.

The idea that every person should receive an unconditional basic income (UBI) each month, just for being alive, has generated conflicting opinions among economists and policy makers for years. Members of the Brandeis community and outside guests gathered to learn about this unorthodox economic idea last Thursday when Austrian filmmaker and economist Christian Tod presented his documentary on the subject, “Free Lunch Society: Komm Komm Grundeinkommen,” or […]

How a universal basic income can end financial exclusion

How a universal basic income can end financial exclusion

The main argument for a universal basic income (UBI) is that it would reduce poverty and income inequality. Yet UBI advocates often overlook a range of other potential benefits.

Digital UBI payments can bring people into the financial system and build their financial capability, unlocking a range of development benefits for citizens and governments alike.

Take Mongolia for example. In 2014, 92 percent of adults had a bank account —by far the highest share in the developing world. (By comparison, only 43 percent of adults are banked in similar lower-middle income countries.)Young adults, a population often financially disenfranchised, see some […]

Rant and Rave for Sept. 25, 2018

Rant and Rave for Sept. 25, 2018

Trump doesn’t know what good is

“Donald Trump does not know the meaning of a good man. President Donald Trump praised Michael Cohen, President Donald Trump praised KIM JONG-UN’S A SPECIAL GUY, Praises Paul Manafort, President Donald Trump praised Judge Brett Kavanaugh. President Donald Trump praises PUTIN.

“I have studied liars. I’ve never seen one like Donald Trump.” Basic income removes incentive to work “Saw the guaranteed basic income rant. Stockton, Oakland, San Francisco are trying to give those on welfare more unaccountable monthly cash; they’re already paid to do nothing. Remove workers’ incentive to work by stealing their hard […]

Presidential hopeful Andrew Yang pitches ‘Freedom Dividend’

Presidential hopeful Andrew Yang pitches 'Freedom Dividend'

Democratic presidential hopeful Andrew Yang (from left) on Monday high-fives Hunter Staszak, a junior at the University of Iowa, as he talks with UI Democrats before an event at the Iowa Memorial Union. (Stephen Mally/The Gazette) IOWA CITY — Automation has led to the loss of about 4 million manufacturing jobs in Ohio, Michigan, Pennsylvania, Wisconsin and Iowa and that job loss has a direct correlation to voting patterns, according to Democratic presidential hopeful Andrew Yang.

“Those are the states that went from blue to red and enabled Donald Trump to win” the 2016 presidential election, the New York entrepreneur […]

Why Finlands Basic Income Experiment Isnt Working

He thinks basic income would work best for people who have an idea for a new business, rather than the broader mass of unemployed. (Kelly Bennett/CBC) Premier Kathleen Wynne announced Monday a plan to study basic income in Ontario. The tech elite’s burgeoning concern could be described as part moral …Annie Lowrey is a contributing editor for The Atlantic and author of Give People Money: How a Universal Basic Income Would End Poverty, Revolutionize Work, and Remake the World. The Finns figured it out. ” They accused it of being poorly designed and over-hyped, citing its potential to drive […]

EOS Nairobi Attends the Global EOS Hackathon in London

EOS Nairobi Attends the Global EOS Hackathon in London

Dan Larimer, CTO, Block.One kicking off the EOS London Hackathon EOS Nairobi attended the third series of the Global EOS Hackathon in London on 22 and 23 September 2018, an event that convened hackers and developers from all over the world to build decentralized apps on the EOSIO platform. Over 44 countries were represented at the London hackathon.

The global series of events were introduced by Block.One with the aim of supporting the growth of a decentralized global community. The first two events took place in Hong Kong and Sydney earlier this year while the fourth event will take […]

Doug Ford: The First 100 Days event sees Liberal, PC speakers spar

Doug Ford: The First 100 Days event sees Liberal, PC speakers spar

On September 19, Hart House played host to former Deputy Premier of Ontario Deborah Matthews and the campaign manager for the Progressive Conservative (PC) party that ousted her, Kory Teneycke.

The event was organized by the Hart House Debates and Dialogue Committee and also featured Jaime Watt, an expert in government relations, and Tiffany Gooch, a public affairs consultant.

The sold-out event aimed to discuss the actions taken by Premier Doug Ford and his government since being in office for almost 100 days. The topics touched on included Ford’s climate strategy, his decision to reduce the number of city councillors in […]

Italy spokesman threatens treasury staff over cash for election promises

Italy spokesman threatens treasury staff over cash for election promises

Italy’s government spokesman Rocco Casalino. Photo: AFP A recording has emerged of the Italian government’s chief spokesman threatening to "eliminate a tide" of treasury officials unless they find the money for projects, including a basic income grant, promised in March elections.

The recording, made by two Huffington Post journalists and widely distributed by Italian media on Sunday, threatens to embarrass the populist government just days before it is due to present an annual budget.

Spokesman Rocco Casalino, aligned to the anti-establishment Five Star Movement (M5S), warns on tape of a "mega-vendetta" against finance ministry functionaries "if they do not find the […]