Region to be asked to lobby for basic income guarantee

Region to be asked to lobby for basic income guarantee

Niagara’s public health department is asking regional councillors to lobby upper-tier governments to develop a guaranteed basic income pilot project, in light of the inequitable impact the COVID-19 pandemic has had on low income residents.

A motion will be considered at Tuesday’s public health and social services committee meeting, recommends that councillors call on the federal and provincial government to prioritize measures to reduce poverty and income inequality in society, while recommending pilot projects such as basic income guarantee projects.

“We recognize that socio-economic conditions are about 50 per cent of what cause people’s health outcomes,” said Niagara acting medical officer […]

Ensure ‘universal basic income’ for migrant workers: Gita Sen

Ensure ‘universal basic income’ for migrant workers: Gita Sen

Gita Sen, an international scholar, says that the pandemic has shown the fragility of the economic systems, which has impacted informal workers, migrant workers, women, and minority communities, the most.

“We need to move towards universal basic income for everyone, including the migrant workers on whom our economies depend,” she said, speaking at an international conference.

She lamented that despite their contributions for development, countries are unwilling to recognise the migrant workers and give them citizenship rights.Gita Sen is an adjunct professor of Global Health and Population at the Harvard University and distinguished professor at Public Health Foundation of India.She has […]

This city is giving residents $500 per month. Some hope it can become a national plan

This city is giving residents $500 per month. Some hope it can become a national plan

Tomas Vargas, Jr., of Stockton, Calif., says that receiving money through the city’s universal basic income experiment has been life changing.

Snap Jackson Photography

A few years ago, Tomas Vargas, Jr., was having a tough time supporting his family.The Stockton, California, resident, a part-time supervisor at UPS, found his paychecks were not enough to cover his expenses. To pick up extra cash, he looked for more work, by fixing cars and helping neighbors out around their houses.“I was stressed out,” Vargas, 36, said. “I was living paycheck by paycheck but I was having to hustle on top of it to get […]

Twitter founder Dorsey donates for basic income test

Twitter founder Dorsey donates for basic income test

Dhe idea of ​​an unconditional basic income also moves in America. There, not only people with reasonable earnings consider it worth considering, but also some billionaires: Jack Dorsey, co-founder of the social network Twitter and the payment service Square, wants to do something with a donation of 1 billion dollars of his assets. With part of the charity billion, he is now supporting a trial run in 15 American cities for a basic income and is spending $ 3 million on it.

The tech enthusiast expects a lot from the project in the United States. “This is a tool to […]

Colombia largest cities reverse reopening as coronavirus threatens to collapse healthcare

Colombia largest cities reverse reopening as coronavirus threatens to collapse healthcare

Colombia’s capital Bogota and the country’s second largest city, Medellin , will reinstate partial lockdowns as COVID-19 is threatening to collapse healthcare.

In Bogota, Mayor Claudia Lopez said Saturday that she will reinstate a rotating lockdown starting Monday in the hope that a reduction of people in the street will prevent a collapse of the capital’s healthcare system.

The mayor said she will maintain this partial lockdown until after the projected peak in Bogota has passed at the end of August. Residents in areas under lockdown will not be allowed to go to work.Lopez said she would guarantee a universal basic […]

Twitter CEO Jack Dorsey Donates $3 Million to Test Universal Basic Income

Twitter chief govt Jack Dorsey has stated he’ll donate $three million (roughly Rs. 22.55 crores) to a gaggle of US mayors to experiment with the creation of common primary revenue.

The sum will go to the group Mayors for a Assured Earnings (MGI), a coalition of leaders from 16 cities who’re in favour of common primary revenue — common funds to residents usually meant to combat poverty and meet residents’ primary wants.

“That is one device to shut the wealth and revenue hole, degree systemic race and gender inequalities, and create financial safety for households,” Dorsey, whose fortune is estimated at […]

CERB Update: Will Canada Adopt Universal Basic Income?

CERB Update: Will Canada Adopt Universal Basic Income?

The Canada Emergency Response Benefit, commonly referred to as CERB, has people talking about Universal Basic Income, otherwise known as UBI. The connections are clear.

According to the government , CERB “gives financial support to employed and self-employed Canadians who are directly affected by COVID-19. If you are eligible, you can receive $2,000 for a 4-week period (the same as $500 a week).” The payment window has since been extended several times.

This program has proven critical for millions of Canadians. Roughly 8.2 million have applied, with more than 360,000 applications coming in the last week alone. Just over $53 billion […]

‘High returns with low risk’: Why wildly unpredictable economic data is a reason to buy stocks, according to one Wall Street chief strategist

'High returns with low risk': Why wildly unpredictable economic data is a reason to buy stocks, according to one Wall Street chief strategist

BusinessInsider USA Images The gauge last peaked at 3.5 after the financial crisis, well into its highest quartile. The coronavirus pandemic will keep the metric above 13 for at least a year, the strategist said in a note to clients.

Historically, the S&P 500’s average annualized one-quarter returns reached 21.2% whenever the Economic VIX sat in its upper quartile. When the gauge stood in its middle two quartiles, the index only returned an average of 6.5%.

"An explosive Economic VIX is always unsettling," Paulsen said, but investors willing to ride out the storm of negative data are […]

Kingston man assists in co-ordinating report touting basic income benefits

Jamie Swift has been arguing for the introduction of a basic income for years.

But with the previously unseen levels of economic downturn initiated by the COVID-19 pandemic, the movement toward basic income has earned increasing traction in recent months.

Swift, a local writer and member of the Kingston Action Group for a basic income guarantee, was one of four people who co-ordinated a new report by the Ontario Basic Income Network that says basic income will be crucial to the country’s economic recovery from the pandemic.“The idea of basic income has indeed gone viral,” Swift said.The 24-page report, organized by […]

Democrats’ choice for Congress: Clint Curtis or Richard Thripp

Democrats’ choice for Congress: Clint Curtis or Richard Thripp

Hide caption Richard Thripp, left, and Clint Curtis, right, are Democratic candidates for Congess. [News-Journal file] Picasa Two Democrats are seeking the nomination to challenge one-term incumbent Republican Congressman Michael Waltz.

Two candidates are seeking the Democratic nomination for U.S. Representative in Florida’s 6th District, a previous contender and a newcomer .

THE RACE: Clint Curtis, a lawyer from DeLand, is running against Richard Thripp, an adjunct professor from Orange City. The primary is Aug. 18, with the winner to face Republican one-term incumbent Congressman Michael Waltz in November. THE SEAT: Florida’s 6th Congressional District includes all of Volusia and […]