Author: automata

Economic recovery from the pandemic will take two years note experts at ABLF Talks Virtual Conclave

Economic recovery from the pandemic will take two years note experts at ABLF Talks Virtual Conclave

Resilient and inclusive leadership, out-of-the-box approach to investments, promotion of scientific temper and ensuring the protection of the weakest segments of society are the key to seeking a recovery from the impact of the COVID-19 pandemic, said speakers at the Fifth Virtual Conclave of the Asian Business Leadership Forum (ABLF) held on May 18, 2021, at the cutting-edge Virtual Venue, the ABLF City.

As always, the monthly conclave, held in partnership with the UAE Ministry of Economy, brought together stalwart speakers from around the world to discuss the social and economic disruption brought about by the pandemic and ways to […]

Virus era decreases human workers

Virus era decreases human workers

The United States today is producing roughly the same amount of goods and services as before the coronavirus pandemic — but with 8.2 million fewer workers, equal to the combined payrolls of every employer in Virginia, Arizona and Iowa.

Greater productivity is the rare silver lining to emerge from the crucible of covid-19. The health crisis forced executives to innovate, often by accelerating the introduction of industrial robots, advanced software and artificial intelligence that reduced their dependence upon workers who might get sick.

Even as millions of Americans remain jobless, retailers, food processors, energy producers, manufacturers and railroads all are stepping […]

How Extra $500/month Universal Basic Income is a GAME CHANGER for America

How Extra $500/month Universal Basic Income is a GAME CHANGER for America

Dr. Chhoda explores the ambitious new universal basic income experiment championed by former Stocktown mayor Michael Tubbs.

If you are looking for information on the second stimulus check or third stimulus check and need quick money, or need to get cash fast, you are not alone. The need to get money now, quick cash today with a new stimulus package is something millions are waiting for.

If you need money fast, the best thing to do is to understand how real money works. There’s no way to get money quick, get money today, expect by talking to someone who’s lending money, […]

LA County approves pilot program for ‘guaranteed basic income’, targets recently released prisoners

LA County approves pilot program for ‘guaranteed basic income’, targets recently released prisoners

Murder suspect opens fire on police. Officers shoot back and kill him. Now people are calling for the arrest of the cops. LOS ANGELES, CA – Los Angeles County could soon become the largest county in the country to launch a universal basic income pilot program, providing guaranteed income to poor residents. The board motioned that the pilot program target recently released female prisoners. "The inequities in our economy have been a matter of life and death for many of our most vulnerable county residents," the motion reads. https://t.co/PPjKGNXpFF — NBC Los Angeles (@NBCLA) May 19, 2021 The $24m […]

guaranteed basic income

The case against a guaranteed basic income. There have been two major runs at a basic or guaranteed income program in Canada. launched a guaranteed income pilot for 15 … In July 2020, Canada’s Parliamentary Budget Office (PBO) published a research report on the potential cost of a guaranteed basic income. ; A successful Canadian scheme that’s over four … It’s the fourth time … This is why it would work, and how we can pay for it It is time to add a new element to the policy packages that governments are introducing, one we know but have […]

L.A. County Cutting Hidden Costs of Incarceration

L.A. County Cutting Hidden Costs of Incarceration

L.A. County Supervisor Hilda Solis authored a motion to reduce some of the hidden costs of incarceration, which the Board of Supervisors approved Tuesday. Photo courtesy of L.A. County CEO’s Office.

Following impassioned testimony from more than a dozen advocates for incarcerated people and their families, the Los Angeles County Board of Supervisors voted Tuesday to come up with a plan that would ban expensive collect calls and markups on commissary items in jails and juvenile detention facilities.

Supervisor Hilda Solis, who authored the motion , said the vote recognizes the impact incarceration has had on communities of color […]

Former Stockton mayor who pushed for guaranteed income to advise Newsom

Former Stockton mayor who pushed for guaranteed income to advise Newsom

SACRAMENTO – A former California mayor who has drawn national attention for conducting the country’s most famous guaranteed income experiment joins Governor Gavin Newsom’s administration as an unpaid special adviser.

Michael Tubbs, the 30-year-old former Mayor of Stockton, will be a special advisor on economic mobility and opportunities. He will also join the Governor’s Council of Economic Advisers.

“I can’t think of anyone more dedicated or better equipped to make recommendations to my team and lead public relations to increase the opportunities and entrepreneurship to reduce poverty in California,” Newsom said in a press release.Tubbs was raised by a single mother […]

Chicago’s plan to pay off COVID-19 debt with federal aid hits a snag

Chicago’s plan to pay off COVID-19 debt with federal aid hits a snag

Chicago’s plan to pay off COVID-19 debt with federal aid hits a snag

Chicago had planned to use half of its federal relief funds to pay down pandemic debts, but new federal guidance may prevent that. Regardless, without pension reform the city will continue drowning in debt.

Chicago will get nearly $1.9 billion for COVID-19 relief from the American Rescue Plan Act, but the U.S. Treasury Department’s May 10 guidance upends the city’s plan to use half to pay down debt.The state had similar plans for its $8.1 billion .However, top Illinois Democrats are pushing U.S. Treasury Secretary […]

Los Angeles Will Increase Police Department Funding

(TNS) — The Los Angeles City Council signed off on a plan by Mayor Eric Garcetti to increase funding for the Police Department, despite calls from activists to have the agency defunded.

Council members voted 15 to 0 to give the LAPD a 3 percent boost in funding , allowing the department to begin rebuilding its workforce after a year in which it lost hundreds of officers and scores of civilian employees.

The budget plan pours money into an array of other city programs, allocating nearly $1 billion for homelessness initiatives, $75 million for overdue repairs at parks and recreation facilities, […]

Tax credit belongs to both sides

Tax credit belongs to both sides

This country is about to embark on a grand, real-time social experiment in cutting childhood poverty. It is an outgrowth, oddly enough, of the worst pandemic in modern times, and originated in a Republican idea now decades old.

President Joe Biden’s proposal for an expanded child tax credit traces back to right here in Minnesota, where, in the mid-1990s, the late GOP U.S. Rep. (later Sen.) Rod Grams proposed a $500-per-child tax credit, aimed squarely at working- and middle-class families. It gained broad bipartisan support. The credit was signed into law by Democratic President Bill Clinton and was doubled as […]