Author: automata

Inequality is worsening: Is a universal basic income the answer?

Inequality is worsening: Is a universal basic income the answer?

Oscar-winning film Parasite highlights global wealth inequality. Images: CJ Entertainment Neon, Getty The world’s richest 2,153 people have more money than the poorest 4.6 billion, the latest Oxfam global wealth report revealed in January this year.

The situation is worse for women: the 22 richest men in the world have more wealth than all the women in Africa.

And it’s an issue of growing political and cultural prominence.Bong Joon-Ho made history this week with his film, Parasite, winning best picture at the Oscars. This was the first time a foreign-language film had taken home the top gong, but the story it […]

The unknowns of the basic income of Iglesias

The unknowns of the basic income of Iglesias

Finland’s failed experiment shows the disincentive for job search.

If there is something about which there are more versions than the encounter between Jose Luis Abalos and Delcy Rodriguez, it is the basic income. A proposal that has been spoken on innumerable occasions since the emergence of Podemos, six years ago, but of which not much is known because each time it is formulated in a different way. But, whatever path it is finally to implement, basic income will collide with three major problems: lack of resources – public debt touches 100% of GDP and will not fall below these […]

Broadband Roundup: Mobile World Congress Cancelled, Yang Bows Out, Ajit Pai at Wind River Tribe

Broadband Roundup: Mobile World Congress Cancelled, Yang Bows Out, Ajit Pai at Wind River Tribe

The world’s largest trade show for mobile communications was canceled Wednesday due to the organizers’ uncertainty that it could guarantee the health of its attendees, according to a CNBC article .

The move was prompted by high-profile dropouts from the conference announced earlier in the day.

Amazon, Sony, Nokia, and Intel were among the biggest names to announce that they would ultimately not be sending representatives to the Barcelona-based conference because they were not willing to risk the health of their employees.“With due regard to the safe and healthy environment in Barcelona and the host country today, the GSMA has cancelled […]

Tel-Instrument Electronics Reports Net Income of $908k for Third Quarter 2020

EAST RUTHERFORD, N.J.–( BUSINESS WIRE )–Tel-Instrument Electronics Corp. (“Tel”, or the “Company”) (OTCQB: TIKK), a leading designer and manufacturer of avionics test and measurement solutions, today reported net income of $908k ($0.25 basic income per common share) on revenues of $4.7 million for the third quarter of fiscal year 2020 ending December 31, 2019.

Highlights include: Revenues increased 19% from last year’s third quarter and have reached $16 million over the last 12 months.

Gross margins remained solid at 46.7% due to manufacturing efficiencies, tight cost controls, and product mix. Quarterly operating expenses remained constant at $1.2 […]

Pension: Planning your retirement? Defined contribution options explained

Pension: Planning your retirement? Defined contribution options explained

The first thing you need to know is what type of pension savings you have, apart from your state pension . There are two types: defined benefit (or final salary in layman’s terms) or defined contribution.

State pension age? You may be making a common mistake and missing out

State pension warning: Claimants lose out if they don’t work 35 years Defined contribution pension These are workplace and private pensions where the total amount of money in your pension pot is based on the contributions made by you, and often by your employer, and how muchinvestment […]

Social Development and Housing deputy minister steers clear of subject of basic income

Social Development and Housing deputy minister steers clear of subject of basic income

Pat MacDonald, manager of social supports, Karen McCaffrey, director of social programs, and David Keedwell, deputy minister of Social Development and Housing, take questions during a standing committee meeting on Wednesday. Stu Neatby/The Guardian A top civil servant from the department responsible for social assistance programs declined to offer an opinion on the subject of a basic income guarantee on Wednesday.

David Keedwell, deputy minister of social development and housing, took questions from MLAs on Wednesday during a meeting of the standing committee on poverty. He and two other top staff members from the department attended the meeting to speak […]

The Andrew Yang Exit Interview

The Andrew Yang Exit Interview

We are down to single digits.

Eight Democratic presidential candidates stay after three fell out this week: Senator Michael Bennet of Colorado, former Gov. Deval Patrick of both Massachusetts and Andrew Yang, who moved from a relatively unknown entrepreneur into the pioneer of their #YangGang.

We’re interested in that adventure, so we called our Yang chronicler extraordinaire, Matt Stevens .Matt chatted with Mr. Yang this day about his departure from the race, his first signature suggestion to give everyone ,000 per month, along with his own plans for the future. (Their conversation was edited and condensed.) After you completed tying up […]

New technology could lead to ‘reshoring’— bucking the trend towards outsourcing which has dominated the US supply chain for decades.

New technology could lead to 'reshoring'— bucking the trend towards outsourcing which has dominated the US supply chain for decades.

The quest for high productivity with minimal capital has traditionally led US organizations to outsource manufacturing to countries such as China or Mexico, where labor and resources are cheaper, and profits, in turn, can be maximized.

Outsourcing began as a disruptive strategy as far back as the early 18th century, in line with the Industrial Revolution. Technological advancements then meant businesses could begin mass production, but this advantage came at a cost. Companies realized they could retain their structure by outsourcing labor to contractors when demands required.

In the 1970s, however, with the rise of consumer electronics, there was a wide […]

Dystopia ahead at home and world

Dystopia ahead at home and world

The rate of creation of new jobs in the more technologically sophisticated economy was much slower than before, leading to the phenomenon of jobless growth. The current problems of the Indian economy have been aggravated by the government’s refusal to accept the clear body of evidence suggesting an economic slowdown. Hence the government does not seem bothered to tackle the challenges of declining growth, rising inflation, and growing unemployment. While economic growth and inflation can still be addressed by corrective policies, unemployment is a more long-term difficulty that cannot be sorted out by appropriate macroeconomic policies alone. Unemployment is […]

Flying High: The Top Ten Airline Routes by Revenue

Flying High: The Top Ten Airline Routes by Revenue

Every day, global trends are reshaping society and the business landscape. Here are 10 insights into how the world is changing—and where we are heading. 10 Global Insights into a Transforming World from 2019

Every day, global trends are reshaping society and the business landscape.

Today’s infographic from McKinsey Global Institute (MGI) presents a snapshot of 10 insights into how the world is changing, based on its research work from 2019.How did we get here, and where are we going? A Connected World in Flux Globalization is making the world “shrink” every day, as humans and trade become increasingly connected. […]