Ontario’s 2-tier income approach

ONTARIO has directly tackled income disparity with two separate proposals. A minimum wage and a basic income are both being examined as ways to lift more people out of financial hardship and give them more money to spend. The minimum wage bill was the object of dire warnings from the business lobby Monday while the basic income pilot will be the subject of an information session in Thunder Bay today. The campaign to inject income fairness into the marketplace that began with the 99-versus-one per cent movement has seen a variety of responses from government. One wonders whether Ontario […]

XIMB’s Annual Business Conclave- an eye opener to crucial economic phenomena!

XIMB’s Annual Business Conclave- an eye opener to crucial economic phenomena!

August 15, 2017: X-FIN, the Finance Association of XIMB organized their annual business conclave “Finomics 2017” on August 12 2017 on Saturday at 2pm. The topic of discussion for the conclave was “Universal Basic Income: The elixir against inequality?”.

The conclave was opened by elucidating on the major aspects of the UBI – Universality, Conditionality and Agency. The first speaker of the day was Shaktikanta Das, Former Economist Affairs Secretary, Govt. Of India, who stressed on the need for effective utilization of resources and redefining of UBI in Indian context. Revival of the private sector and convergence of the existing […]

Oasis Petroleum Inc. (OAS) Makes An Interesting Case Right Now

Oasis Petroleum Inc. (OAS) Makes An Interesting Case Right Now

Oasis Petroleum Inc. (NYSE:OAS) has recently been identified as an interesting stock but more in-depth monitoring is needed for a trade decision. Now trading with a market value of 1.85B, the company has a mix of catalysts and obstacles that spring from the nature of its operations. Everyone seems to have their own opinion of this stock. But what do the numbers really say? We think it’s a great time to take a fresh look.

Oasis Petroleum Inc. (NYSE:OAS) Fundamentals That Matter

It’s generally a good idea to start with the most fundamental piece of the picture: the balance […]

China: The State Council has issued its first ArtificiaI Intelligence development plan

The State Council of China released an Artificial Intelligence (AI) development plan on July 20, 2017 , which aims to build a domestic industry worth almost $150 billion and positioning the country to become the world leader in AI by 2030.

There are three steps in the plan. By 2020, the Chinese government expects its companies and research facilities to be at the same level as those in leading countries such as the United States. After another five years it is aiming for a breakthrough in aspects of AI that will drive economic transformation. Then by 2030 China aims to […]

Why a Universal Basic Income Would Be a Calamity

Why a Universal Basic Income Would Be a Calamity

How long before the elites decide the unemployed underclass shouldn’t have the right to vote?

Read the referenced story here: Why a Universal Basic Income Would Be a Calamity The Trump administration seeks to roll back and delay dozens of regulations across government, including one to lower smog-creating ozone. Environmental groups are challenging the EPA in court. … Read the referenced story here: Environmental Groups Challenge EPA In Court Over Ozone RuleEnlarge this image Former Vice President Al Gore shared a Nobel Prize in 2007 for his work on climate change. Claire Harbage/NPR hide caption toggle caption Claire Harbage/NPR […]

André Coelho, Basic Income, Gender Differences, and Gender Roles

André Coelho, Basic Income, Gender Differences, and Gender Roles

André Coelho is a contributor to the Basic Income Earth Network. I asked about some perspectives on gender roles, as he is a friend and mentor. Here is the result.

Scott Douglas Jacobsen : I wanted to talk about masculinity in the 21 st century. You have been a mentor for me through the Basic Income Earth Network (BIEN). What is BIEN, as an open plug? More to the interview, if you look at the gender roles where you live, what are they? André Coelho : BIEN is a decentralized organization composed by people who promote, […]

Why Are So Many Elites Suddenly Hot for the Universal Base Income?

Why Are So Many Elites Suddenly Hot for the Universal Base Income?

We’ve blogged already on the potentially disastrous effects a universal basis income could have on the work ethic in the U.S.

Today Dan Nidess, a writer in San Francisco, elaborates on that theme in a piece in the Wall Street Journal.

Nidess points out that the universal base income is suddenly popular with Silicon Valley types–from Mark Zuckerberg to Sam Altman– who see it as the way to address unemployment. This might not be such a great idea, Nidess writes: Guaranteed income from the government may seem like the easiest way to address long-term unemployment, but UBI fixes only the […]

Universal Basic Infrastructure to help decrease India’s poverty

Universal Basic Infrastructure to help decrease India's poverty

Ensuring that all citizens have the right to a minimum income as a long-term solution to reduce poverty seems to be a distant dream with not many in the government and academia believing the option is viable. With over 200 million people still below the poverty line and a similar number earning barely enough, much needs to be done to improve their lives. While faster growth is an obvious antidote, the view that some sort of universal basic income (UBI) may be needed to provide immediate relief is gaining currency. “The UBI must be embraced in a deliberate, phased […]

BIEN Norway public meeting: “Basic Income on the agenda!” (Aug 26)

BIEN Norway public meeting: “Basic Income on the agenda!” (Aug 26)

“Basic Income on the agenda: What now for the Norwegian model?”

BIEN’s Norwegian affiliate, Borgerlønn BIEN Norway (BIEN Norge), has organized a public meeting on basic income on Saturday, August 26 — two weeks before the nation’s parliamentary elections (September 11). The event will investigate current challenges to Norway’s welfare state and the potential for basic income to reinvigorate and further develop the Nordic model.

During the first part of the meeting, Heikki Hiilamo (Professor of Social Policy at the University of Helsinki) will discuss Finland’s currently running Basic Income Experiment, and Becca Kirkpatrick (Chair of UNISON West Midlands Community […]

Experimenting with universal basic income

Experimenting with universal basic income

In the modern world, everybody should have the opportunity to work and to thrive. Most countries can afford to make sure that everybody has their basic needs covered. One idea that could help make this a reality is a universal basic income. This concept should be further explored to see how it can work practically. Richard Branson Virgin Mobile Colombia computer staff team

Image from Virgin Mobile Colombia I was in Finland earlier this year for a meeting with The Elders . Finland is among the countries where experiments with universal basic income are already happening. A two-year nationwide […]