This Labor Day, let’s remember the value of work

This Labor Day, let’s remember the value of work

“A day of the people.”

That’s how the press described the first Labor Day celebration in New York City in 1882. The day was organized by unions to celebrate the American worker and bring to light the harsh conditions workers toiled under at the time, which included 12-hour workdays, unsafe conditions and low wages.

In the 135 years since, union members have continued to call for better wages, safer work and dignity on the job at every workplace. And while we’ve made a lot of progress through the years, the value of a hard day’s work is again under attack today.Basic […]

OT: Universal Basic Income?

I do not believe in statistics. Numbers can be arranged as one with specific agenda want them to be arranged.
The size of the data we have is too small to make any mathematically correct conclusion.
My "faith based belief system" based on my experience and intuition which I value more that "rational thought process". That is such a revealing admission. So numbers can be arranged to suit one’s agenda, but "faith based belief systems," one’s "experience" and "intuition" leads to a more rational thought process? Huh? You can manipulate the subjective WAY easier than manipulating data and you’re relieved […]

A $1,000 per month cash handout would grow the economy by $2.5 trillion, new study says

A $1,000 per month cash handout would grow the economy by $2.5 trillion, new study says

Giving every adult in the United States a $1,000 cash handout per month would grow the economy by $2.5 trillion by 2025, according to a new study on universal basic income.

The report was released in August by the left-leaning Roosevelt Institute. Roosevelt research director Marshall Steinbaum, Michalis Nikiforos at Bard College’s Levy Institute, and Gennaro Zezza at the University of Cassino and Southern Lazio in Italy co-authored the study.

The study made economic forecasts for three proposals: a full universal basic income in which every adult gets $1,000 a month ($12,000 a year), a partial basic income in which every […]

Italian populists propose income for all

Italian populists propose income for all

Unemployment tops 11% in Italy and the number of people living at or below the poverty line has nearly tripled since 2006, to 4.7m last year, or almost 8% of the population, according to the local statistics agency Istat.

Ahead of national elections slated for early next year, poverty is expected to take centre stage in the campaign.

In an interview with Bloomberg, Giorgio Freddi , professor emeritus of political science at the University of Bologna, said the populist Five Star Movement “has imposed the issue on national politics. The mainstream parties are being forced to play catch-up”.In fact, Five Star […]

“Economics Nobel Prize” Winners are Advocating for Universal Basic Income

“Economics Nobel Prize” Winners are Advocating for Universal Basic Income

With automation on the horizon and globalization increasing inequality, more and more experts are considering the benefits of a universal basic income. Most recently, winners of the economic Nobel prize have voiced support for UBI. A Product of the Times

Up until very recently, most people had not heard of universal basic income (UBI). While the idea itself isn’t entirely new, its significance has been explored lately because of job displacement fears intelligent automation is expected to bring with it. As such, UBI has been endorsed by experts from various industries , including some of the Silicon Valley’s bigwigs […]

The Scoop Foundation Turns Two

The Scoop Foundation Turns Two

The Scoop Foundation Turns Two

The second year birthday for the Scoop Foundation for Public Interest comes up at the end of September. By then we will have recovered from frenetic election excitement but will we have a new Government? It’s looking like a close run, with MMP to the fore.

Election years sharpen the need for independent, accurate and honest news in New Zealand, and www.scoop.co.nz has risen to that challenge in 2017, supported by the Foundation. This was a year for the website to flourish, with initiatives that include:• A refreshed and redeveloped website was launched in May […]

The Utopian Apocalypse: Silicon Valley Freaks Out Over Automation

The Utopian Apocalypse: Silicon Valley Freaks Out Over Automation

September 1, 2017, 12:05 am

With Labor Day just around the corner, now is a good time to discuss (and, more than that, to take up the cudgels against) a bad idea popularized by leading figures in Silicon Valley. It is really a two-part idea. It begins with the proposition that the robots are coming and they are about to take over the world. While the robots will make life a whole lot easier for most people (think self-driving trucks and other labor-saving devices), they will also cause massive unemployment. Says Tesla CEO Elon Musk, “There will be fewer […]

Hawaii Became The First US State To Pass A Bill Supporting Basic Income — Here’s The Man Behind It!

Hawaii Became The First US State To Pass A Bill Supporting Basic Income — Here’s The Man Behind It!

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Yahoo.com

By Chris Weller, Business Insider HAWAII STATE REPRESENTATIVE CHRIS LEE D-DISTRICT 51 Hawaii made waves when it passed the first piece of legislation aimed at exploring a niche but growing form of wealth distribution.The bill, HCR 89 , directs the government “to convene a basic economic security working group,” a request that can be seen as the first tangible step toward a US basic income program.People who receive basic income get a fixed amount of money that they can use however they want.Early research has shown that people typically don’t spend […]

Candidates put through paces

Candidates put through paces

CANDIDATES: From left, Barry Coates, Heather Marion Smith and David Hay addressed Grey Power’s public meeting. Howick & Pakuranga Grey Power Public Meeting – Friday, August 25

Three political guest speakers squared off for this pre-election meeting – Barry Coates (Green Party MP), Heather Marion Smith (Democrats for Social Credit candidate) and The Opportunities Party (TOP) spokesman

Barry Coates – Greens Brought up in a clean New Zealand Green MP Barry Coates is an environmentalist. “Climate change is becoming catastrophic particularly for tropical peoples with, among other things, crop failures causing famine. New Zealand “is not doing enough […]

UK ‘pensions freedom’ retirees warned of losses in market shock

UK ‘pensions freedom’ retirees warned of losses in market shock

Retirees in Britain’s dramatically changed at-retirement market face years of losses in a market downturn due to their investment holdings, Aegon has warned.

Research by the insurance and pensions provider found that many people drawing their pensions since the UK introduced its ‘pensions freedom’ rules two years ago, were sticking with “familiar” investment strategies and well-known funds.

Using data from its own platform, the firm found little difference between investment strategies used by pensions ‘drawdown’ customers and those that had opted to continue investing for a pension.Drawdown investors have different demands on their money and shorter timeframes, meaning strategies should differ.Yet […]