Category: Basic Income

Guaranteed income programs are gaining traction nationwide to combat poverty and provide financial stability for families. Across the country, many local governments and states are experimenting with guaranteed income programs. These programs are cash payments aimed at addressing poverty. Counties and municipalities’ programs vary greatly. More than 100 local governments are planning to launch these initiatives. Baltimore City, Montgomery, and Prince George’s County have implemented guaranteed income programs.

Opponents of these programs argue that they will not effectively pull recipients out of poverty in the long run. Opposition has highlighted the need for more trials and data collection in this […]

Full Post at conduitstreet.mdcounties.org

St. Louis Board of Aldermen Credit: Photo by Brian Munoz | St. Louis Public Radio Basically, an area non-profit is being healed as the savior of a city income distribution plan that was challenged in court and stalled by a judge.

The James S. McDonnell Foundation (JSMF), in collaboration with other local private funders, is providing $1 million to extend the St. Louis Guaranteed Basic Income (GBI) program through December 2024.

The program offers $500 per month to 540 households and data is being gathered to determine the effects on the lives of the recipients and the St. Louis economy.In July […]

Full Post at www.stlamerican.com

Weatherford International plc, a leading provider of equipment and services for the oil and natural gas industry, has released its Form 10-Q report for the third quarter of 2024. The report highlights significant financial growth, strategic initiatives aimed at enhancing operational efficiency, and the challenges the company faces in the current market environment.

Financial Highlights

Weatherford International plc reported robust financial performance for the third quarter of 2024: Total Revenue: $1,409 million for the three months ended September 30, 2024, a 7% increase compared to $1,313 million for the same period in 2023. Year-over-year, total revenue for the nine […]

Full Post at www.tradingview.com

The founder of Palm Springs’ Queer Works pleaded not guilty in the misappropriation of $900K in public funds meant for transgender members.

Kat Schuster , Patch Staff Jacob Joseph Aaron Rostovsky was accused by the Riverside County District Attorney’s office of stealing funding from his clients at an arraignment on Tuesday. (Shutterstock) PALM SPRINGS, CA — The founder of the Palm Springs-based Queer Works has been indicted on 53 felony counts in an alleged scheme that misappropriated more than $940,000 in public funds meant for transgender clients.

Jacob Joseph Aaron Rostovsky was accused by the Riverside County District Attorney’s office […]

Full Post at patch.com

Jacob Rostovsky Jacob Rostovsky, the CEO of the local non-profit Queer Works, has been indicted on 53 felony counts in a fraud scheme surrounding a universal basic income pilot program in Palm Springs , the Riverside County District Attorney’s office announced.

District Attorney Mike Hestrin said a jury returned a 53-count indictment against Rostovsky on Tuesday.

Rostovsky, 33, was indicted on a variety of charges including fraudulent claims, grand theft, misappropriation of public funds, insurance fraud, perjury, and money laundering, according to the DA’s office.The indictment includes an aggravated white-collar crime enhancement due to the significant economic loss of the scheme. […]

Full Post at kesq.com

Policy Opinion

Here’s a link for anyone who is unfamiliar with the concept: https://en.m.wikipedia.org/wiki/Universal_basic_income

Open • 68 total votesCloses in 2 daysSort by:Best u/AutoModerator avatar u/YesIAmRightWing avatar YesIAmRightWing • 11h ago •what happens when someone blows all their UBI?the bleeding heart liberals will demand that the state intervene to deal with it and all we’ve done is just inflate everything by X. Lanracie • 8h ago •UBI might work is the Andrew Yang plan is used and all the social progams go away with it. If we try to do both it will be beyond disaster. CatlifeOfficial • 8h […]

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Executive Summary

This proposal outlines the implementation of a Universal Basic Income (UBI) program as a sustainable solution to combat extreme poverty. UBI seeks to address the root causes of poverty by providing all citizens with a regular, unconditional cash payment, thereby ensuring that everyone has access to a basic standard of living. This financial support can significantly alleviate the pressures of daily expenses, such as food, housing, and healthcare, which often trap individuals in a cycle of poverty. By removing the conditions associated with traditional welfare programs, UBI eliminates barriers that prevent people from accessing the help […]

Full Post at www.fundsforngos.org