Category: Basic Income

A mobile banking service is transforming how the poor transfer money — here’s how it works

A mobile banking service is transforming how the poor transfer money — here's how it works

Chris Weller/Business Insider In 11 countries around the world, some 30 million people use a mobile money service that is transforming how people handle their finances.

It’s called M-Pesa, and it has lifted hundreds of thousands of people out of poverty in Kenya.

"Pesa" is Swahili for money. The Kenyan service provider Safaricom launched M-Pesa in the East African nation 10 years ago, and since then it’s enabled countless people to move small amounts of their own money and send it to others.On a recent trip to Kenya, I got a firsthand look at how M-Pesa works on the ground. GiveDirectly […]

Zuma’s ‘grants not loans’ for tertiary education flies in the face of Heher Commission

Zuma's 'grants not loans' for tertiary education flies in the face of Heher Commission

President Jacob Zuma. (Thuli Dlamini, Gallo Images, The Times, file) Johannesburg – President Jacob Zuma’s announcement of fee-free higher education and training for university students from 2018, in the form of grants not loans, flies in the face of recommendations made by the Heher Commission.

The commission found that there was currently no capacity for the government to provide free tertiary education to all students in the country.

"There is insufficient financial capacity in the state to provide totally free higher education and training to all who are unable to finance their own education, let alone to all students, whether in […]

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You may have heard of UBI, or the policy of literally giving people money for nothing. Wait, scratch that, he won’t eat for a lifetime. You may have missed it, but the ex-veep jumped back into the game last week with a diss on UBI. Please take the time to explore the subclaims under the top-most Pros and Cons…Sep 10, 2017 Establishing Universal Basic Income (UBI) in the UK would drastically overhaul the welfare state Alamy. Oct 20, 2017 The concept of universal basic income (UBI) is that the federal government would guarantee that everyone receives a minimum income […]

Basic income studies journal

Basic income studies journal

bepress. An International Journal of Basic Income Research. RESEARCH ARTICLE. Basic Income Studies Arcarons, Jordi, Daniel Raventos, Lluis TorrensFeasibility of Financing a Basic Income. 2012 RG Journal impact, 0. com/bis). org and noticed that there is a Basic Income Studies journal with scientific research papers and studies regarding theBasic Income Studies (BIS) is the first peer-reviewed journal devoted to basic income and related issues of poverty relief and universal welfare. Brynjolfsson Oct 18, 2017 Her articles on basic income, distributive justice, welfare policy, and feminist political theory have been published in Basic Income Studies, Journal of Sociology and Social […]

BREAKING: Zuma announces free higher education for poor and working class students

BREAKING: Zuma announces free higher education for poor and working class students

UCT student protests. (Paul Herman, News24) Johannesburg – President Jacob Zuma has announced that government will subsidise free higher education for poor and working class students.

He said in a statement on Saturday that the definition of poor and working class students will now refer to "currently enrolled TVET Colleges or university students from South African households with a combined annual income of up to R350 000" by the 2018 academic year.

The Higher Education Minister would revise this amount periodically in consultation with the Finance Minister."Having amended the definition of poor and working class students, government will now introduce fully […]

Zuma announces free higher education

Zuma announces free higher education

Picture: MOELETSI MABE/THE TIMES President Jacob Zuma has announced that government will introduce fully subsidised free higher education and training for poor and working class undergraduate students.

This would start in 2018 for first year students at public universities.

The announcement comes on the day the ANC’s 54th national conference is set to start in Nasrec, Johannesburg and where Zuma’s successor will be elected.Zuma’s announcement on funding for higher education comes following the release of the Heher Commission report, released last month.However, the president’s announcement differs from what was recommended by the commission, that all undergraduate and postgraduate students be funded […]

What are some arguments that you think might sour people to the idea of UBI?

What are some arguments that you think might sour people to the idea of UBI?

Even UBI advocates NEVER lead with the video game example as something one can spend time on because we know it’s seen as something of little value to many people who work and don’t play video games. Hmm. I don’t lead with the video game example because as far as the benefits of basic income go, it’s not one of the most exciting ones. But if we had a high enough basic income, people would be free to play all the video games they want. And that’s kind of cool. It’s not that everyone would automatically be playing video […]

Job Guarantee vs Basic Income

Job Guarantee vs Basic Income

Job Guarantee vs Basic Income – by André Coelho (consider supporting me on Patreon – https://www.patreon.com/ascmenow – Thanks!)

There are studies (such as the Gallup World Poll ( http://www.gallup.com/services/170945/world-poll.aspx) ) which point to a correlation between the unemployment situation and a relative reduction in people’s happiness. At first glance, one might immediately conclude that what we need is to provide jobs for everyone — problem solved. However, a rushed conclusion like this under evaluates the situation, ignores its alternatives and can even become counterproductive.

These studies conclude that, beyond the obvious issue of income, jobs seem to be a source of […]

TerraForm Power, Inc. (TERP) Raising Eyebrows Among Investors

TerraForm Power, Inc. (TERP) Raising Eyebrows Among Investors

TerraForm Power, Inc. (NASDAQ:TERP) seems to be forming a pattern of major movements, providing only some crumbs of outlook for market participants trying to figure out its next move. Now trading with a market value of 1.70B, 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.

TerraForm Power, Inc. (NASDAQ:TERP) Fundamentals That Matter

It’s generally a good idea to start with the most […]

Sam Altman complains about political correctness in San Francisco, says China felt freer

Sam Altman complains about political correctness in San Francisco, says China felt freer

Y Combinator President Sam Altman speaks during a Fireside Chat at TechCrunch Disrupt SF at Pier 48 in San Francisco on Sept. 19, 2017. (Dan Honda/Bay Area News Group) To hear Y Combinator President Sam Altman tell it, the future of innovation is at stake because free speech is dead in San Francisco.

Altman has been known to float what some might call crazy ideas: universal basic income, giving all American adults a share of the GDP.

But his latest idea strikes a different tone, one with a certain oppressed-silent-majority ring to it.“It’s possible we have to allow people to say […]