Author: automata

Artists in San Francisco may get some relief thanks to the mayor’s new policies. (Photo by JOSH EDELSON/AFP via Getty Images) A cohort of more than 100 San Francisco-based artists will be given a $1,000 monthly stipend as part of the city’s Economic Recovery Task Force, the mayor’s office announced last week .

Mayor London Breed and board of supervisors president Norman Yee convened the task force in early April to bring together leaders from the city’s business, cultural, education, labor, and nonprofit organizations. A report issued at the final meeting outlined policy recommendations for actionable ways to aid those […]

Full Post at news.artnet.com

First Minister Nicola Sturgeon has backed the Universal Basic Income (UBI) scheme, which would see every citizen provided with guaranteed payments no matter what their circumstances are. SNP MPs this week led a Westminster Hall debate on the introduction of a UBI with Inverclyde MP Ronnie Cowan arguing it would improve the welfare system.

The party argues that it is a potential solution to poverty after imposing a decade of “brutal austerity policies by Westminster.”

But Will Quince, Minister for Welfare Delivery warned the proposals could lead to severe tax increases for hard working-age people.The Tory Cabinet […]

Full Post at www.express.co.uk

The CERB (Canada Emergency Response Benefit) program was a lifesaver. It provided $82 billion to more than one-quarter of the population. Many believe it held the economy together throughout the COVID-19 pandemic.

In early October, the benefit ended, leaving millions of Canadians in the cold.

Lawmakers quickly put together some CERB replacements. You should review these programs today to see if you qualify. Your benefits could easily total in the thousands of dollars.Beyond these additional emergency measures, there’s now talk about making CERB permanent . Is that a realistic possibility? Meet your new options Last week, I’d highlighted the four major […]

Full Post at www.fool.ca

Could we be on the cusp of a whole new era when it comes to money?

New coverage of an interesting voice in digital finance suggests that the idea of a universal basic income is not dead.

Yoni Assia, the CEO of eToro, is on record talking about his vision for a new economy in the years to come that echoes the ideas of Democratic presidential candidate Andrew Yang. Yang’s popular campaign floated the universal basic income as a major stabilizer for the American public and a growth engine for an economy that is currently in crisis.Months after Yang left the […]

Full Post at warriortradingnews.com

A monetary system can be a fantastic thing for advancing society. It allows for free-trade and enterprise. More importantly, having a financial system that rewards success can create competition between industries; encouraging technological advancements and innovation at a rate the world has never experienced before.

There is, however, a cancer at the very source of our modern financial model that continues to go untreated—the issue of economic inequality.

The unfair distribution of wealth has led to extreme poverty for billions of people. Around 2,000 individuals hold the elite status of ‘Billionaire’, while 80% of the entire human population survive on less […]

Full Post at coinjournal.net

Photo: File DURBAN – Finance Minister Tito Mboweni is set to deliver the Medium Term Budget Policy Speech later this month.

Sanisha Packirisamy, Economist at Momentum Investments and Herman van Papendorp, Head of Investment Research & Asset Allocation at Momentum Investments offer Medium Term Budget commentary from the Momentum Investments Macro research desk.

1. Post-pandemic nominal growth expectations: We expect real growth to average negative 0.8 percent between 2020 and 2023 in comparison to Treasury’s June 2020 forecast of negative 0.4 percent, given the high risk of load shedding into 2022 and a slow recovery in fixed investment back to […]

Full Post at www.iol.co.za