Cash aid for middle class gaining support

Cash aid for middle class gaining support

HELP FROM CHURCH Claretian priest Educ Apungan of the Immaculate Heart of Mary Parish Church in Quezon City shows cash vouchers distributed by the parish to around 300 poor families needing relief during the Luzon lockdown. The vouchers can be used to buy food and other essentials in grocery stores selected by the Claretian missionaries. (Photo by GRIG C. MONTEGRANDE / Philippine Daily Inquirer) MANILA, Philippines —As problems mounted in the distribution of emergency subsidies to poor families during the coronavirus crisis, the chair of the House ways and means committee on Tuesday suggested a radical change in the […]

We work to make basic income a reality as soon as possible

We work to make basic income a reality as soon as possible

The second vice president of the Government, Pablo Iglesias, announced on Monday that the Government is working to make basic income a reality “as soon as possible” and has guaranteed that in this crisis “nobody will be left behind.”

“It is essential to work so that there is a minimum vital income that does not leave anyone in the lurch,” Iglesias said in an interview on TVE, where he explained that the Vice Presidency for Social Rights that he heads and the Ministry of Labor and Social Economy and that of Inclusion, Social Security and Migration work so that basic […]

Introduction Of A Universal Basic Income (UBI) Now Is Totally Unaffordable And Wrong

Press Release – Closing The Gap

The introduction of a Universal Basic Income (UBI) now is totally unaffordable and wrong says Peter Malcolm spokesperson for Income Equality Aotearoa NZ Inc. A UBI or Universal Basic Income is a Government payout to all adults and some say for children … The introduction of a Universal Basic Income (UBI) now is totally unaffordable and wrong says Peter Malcolm spokesperson for Income Equality Aotearoa NZ Inc.

A UBI or Universal Basic Income is a Government payout to all adults and some say for children too, that replaces most benefits ie does away with […]

3 Ways to Recession-Proof Your Retirement Savings

3 Ways to Recession-Proof Your Retirement Savings

The coronavirus pandemic has taken a toll on the U.S. economy, with the Dow experiencing its worst first quarter in history by dropping more than 23%. You’ve likely watched your own retirement savings plummet as well, which can be worrisome whether you’re nearing retirement age or still have decades left of your career.

The stock market can be unpredictable, and there’s no way to predict exactly when a recession will strike or how long it will last. There are, however, a few ways to prepare for it. While there’s never a guarantee you won’t face financial challenges in retirement due […]

A basic confinement income for European citizens, now is the time

A basic confinement income for European citizens, now is the time

EU citizens need a guaranteed universal income until normal economic activity returns, argues Pere Aragonès. EPA-EFE/ALESSANDRO DI MARCO

EU citizens need a guaranteed universal income until normal economic activity returns, argues Pere Aragonès.

Pere Aragonès is the Vice president and economy minister of the Government of Catalonia We need a clear and drastic measure that can secure a monthly wage until European economies can return to work, produce and consume.It is as if we had turned off the switch. The coronavirus crisis is an external shock to the world economy of an unprecedented magnitude and intensity, with consequences that are […]

Coronavirus – Opposition on Gov’t Economic Measures: Inadequate and Weak, PR Move Not Solution

Coronavirus – Opposition on Gov’t Economic Measures: Inadequate and Weak, PR Move Not Solution

Hungary’s opposition parties on Monday slammed the government’s economic protection measures in connection with the novel coronavirus epidemic as “inadequate and weak”.

At a press conference held by the Socialists, the Democratic Coalition (DK), Jobbik, Párbeszéd, LMP and Momentum parties, Jobbik ‘s György László Lukács said Hungarians’ interests would be best served if parliament passed legislation only related to protection efforts, “for example laws making face masks mandatory [in public] and providing the necessary supplies,” he said.

Lukács said the government bill before parliament “contains legislation that has nothing to do with protection efforts”. He decried government legislative attempts to […]

Spain launches universal basic income to answer coronavirus

Spain launches universal basic income to answer coronavirus

Spain intends to implement a universal basic income as response to the coronavirus crisis. According to the Social Security Minister, the government plans to realise the basic income “as soon as possible”. Spain has already declared a state of emergency since the country is dealing with the second worst coronavirus outbreak in Europe.

Spain is currently the European country second most affected by the coronavirus after Italy . The Spanish government have ordered a state of emergency and the country faces a lockdown as the economy stands still. The government under socialist prime minister Pedro Sánchez has already announced […]

Basic income approach to cover middle class in cash aid pushed

Basic income approach to cover middle class in cash aid pushed

Albay Rep. Joey Salceda MANILA – The chairman of the House ways and means committee on Tuesday proposed a universal basic income approach that would cover 90 percent of the country’s population.

Albay Rep. Joey Salceda said the UBI approach proposes that “all Filipinos except those in the top 10 percent” of the population would receive between PHP1,000 and PHP2,000 each in emergency assistance during the enhanced community quarantine (ECQ).

Salceda said coverage would include the middle class, noting that the approach would do away with “convoluted eligibilities”, make for faster distribution, and ensure accountability.“I asked the President (Rodrigo Duterte) to […]

UK workers hit by the economic pain of coronavirus need an income guarantee

UK workers hit by the economic pain of coronavirus need an income guarantee

Unlike the financial crisis of a decade ago, coronavirus is not at root a manmade disaster, but it struck a society weakened and undermined by a decade of economic stagnation and nearly £40bn slashed from social security with the acquiescence of the pre-Corbyn Labour party .

Now the rules have been torn up. A £330bn package of support is available for businesses, while welfare systems were rapidly made temporarily more generous to the tune of £7bn. The state is now capable of stepping in to cover the salaries and sick pay of millions, to the fury of the Institute of […]

Calls to block aviation bailouts on environmental grounds

Calls to block aviation bailouts on environmental grounds

More than 250 organisations from 25 countries have published an open letter directed to governments, urging them to refrain from “unfair” bailouts of the aviation industry on environmental grounds.

Instead, governments are implored to use this moment to embed social and environmental conditions, with enhanced protection for workers and a planned transition towards what the group calls “climate-just mobility”.

“For decades, the aviation industry has avoided contributing meaningfully to global climate goals and resisted the merest suggestion of taxes on fuel or tickets.“Now, airlines, airports and manufacturers are demanding huge and unconditional taxpayer-backed bailouts.“We cannot let the aviation industry get away […]