Tag: basic income

BioMatrix Revealed as the Surprising Contender at TOKEN2049: Launches Beta App to Redefine Inclusive Finance via Universal Basic Income

BioMatrix Revealed as the Surprising Contender at TOKEN2049: Launches Beta App to Redefine Inclusive Finance via Universal Basic Income

BioMatrix Los Angeles, CA, April 30, 2024 (GLOBE NEWSWIRE) — In the wake of the prestigious global fintech summit TOKEN2049 in Dubai, the innovative tech company BioMatrix leveraged this prime moment to host the side event "Web3 for Everyone." The launch gathered tech aficionados, leading project heads, journalists, and investors from across the world, who together witnessed to the release of BioMatrix’s mobile app Beta version. The company encouraged early-stage public participation and feedback to cohesively refine and advance the product. This BioMatrix app is the principal portal into its revolutionary ecosystems, "BioPass" and "Proof of You (PoY) token," […]

Tuesday, April 30, 2024

Tuesday, April 30, 2024

Waterloo Magazine and the pursuit of happiness

The word "Happiness" with a bunch of cartoon characters around it atop the Dana Porter Library. The front cover image of the Waterloo Magazine’s Spring issue. The 2024 issue of Waterloo Magazine is now available. In this issue, we focus on the theme of Happiness, and explore the people, policies, innovations and insights emerging from the Waterloo community that are helping to create a world where happiness and well-being are possible for everyone.

The Waterloo Magazine is produced by a team of people from across the University – led by University Relations in […]

Mayor Johnson will relaunch guaranteed basic income program to use up federal COVID funds

Mayor Johnson will relaunch guaranteed basic income program to use up federal COVID funds

Mayor Brandon Johnson’s administration will use some remaining federal COVID-19 relief funds to relaunch a guaranteed basic income pilot program for Chicago residents. Anthony Vazquez/Sun-Times Mayor Brandon Johnson’s administration will relaunch a popular guaranteed income pilot that has provided $500 monthly payments to low-income residents, as the city works to spend federal COVID-19 relief funding to avoid having to return it to the feds.

The relaunch was announced as part of the administration’s plan to dedicate and spend more than $374 million in federal funds earmarked for community projects.

The city — which has been slow to spend the money it […]

Monthly payments of $1,000 could get thousands of homeless people off the streets, researchers say

Monthly payments of $1,000 could get thousands of homeless people off the streets, researchers say

Reynaldo Roman, 39, tries to stay dry as he cooks a pot of beans in his makeshift home. A monthly payment of $750 to $1,000 would allow thousands of the city’s homeless people to find informal housing, living in boarding homes, in shared apartments and with family and friends, according to a policy brief by four prominent Los Angeles academics.

Citing positive preliminary results of pilot studies in several cities, including Los Angeles, they argue the income could provide access to housing for a portion of the population who became homeless primarily as the result of an economic setback. This […]

Andrew Spira Champions Universal Basic Income Amid Global Economic Challenges

Andrew Spira Champions Universal Basic Income Amid Global Economic Challenges

New Delhi (India), April 30: Andrew Spira , an entrepreneur and philanthropist, champions the cause of Universal Basic Income (UBI) to solve our world’s most common challenges. His advocacy comes at a critical juncture, as nations worldwide struggle with the far-reaching consequences of the COVID-19 pandemic, which has exacerbated pre-existing economic disparities and exposed the vulnerabilities of traditional social safety nets.

The Growing Appeal of UBI

Universal Basic Income is a potential safety net for those facing financial hardship. It offers individuals greater freedom in choosing employment and is a strategic tool to combat poverty. The program, designed with […]

Johnson set to extend basic income program amid changes to COVID spending

Ahead of a quarterly spending report set to be released that will show the city still has hundreds of millions in unspent federal COVID relief dollars, Mayor Brandon Johnson is announcing he’s tweaking how the city plans to inject the money into social programs.

Johnson is expected to release additional details later this week when a second round of funding to provide $500 in direct cash assistance to struggling Chicagoans will begin. Earlier

Chicago and Cook County try bold experiments to combat economic inequity Johnson shifted $95 million in COVID relief to migrant aid. Now there’s a move to […]

Universal Basic Income: the future of social welfare?

Universal Basic Income: the future of social welfare?: Trade-off between acceptance of Universal Basic Income, labor participation, budget neutrality and poverty reduction in the Netherlands

Author

Contributor Kroesen, M. (graduation committee) Renes, Sander (mentor) ORCID 0000-0003-2495-9219 Degree granting institution Delft University of Technology Programme Engineering and Policy Analysis Date 2024-05-14 Abstract The primary objective is to explore the relationship between support for Universal Basic Income (latterly referred to as UBI), labor participation, and poverty reduction in the Netherlands across various financial policies. The research also seeks to examine the behavioral responses of Dutch citizens […]

What are the positive effects of a universal basic income?

A Universal Basic Income (UBI) has several positive effects. It can eliminate the stigma associated with welfare receipt, reduce transaction costs for both recipients and governments, and provide individuals the freedom to pursue better work opportunities while compensating unpaid labor like childcare and eldercare . Additionally, evidence suggests that UBI can lead to positive health impacts, such as improved mental health and increased trust in societal institutions . Moreover, UBI can enhance individuals’ control over their time, promoting autonomy and empowerment . However, it is important to note that while UBI has various advantages, there may be concerns about […]

States take aim at local basic income programs

States take aim at local basic income programs

A mother and son walk through one of the neighborhoods of Stockton where participants in the city’s universal basic income program live in Stockton, California, on February 7, 2020. The State of Trust in Government For more than 12 million households in the U.S. in 2022, most of their paychecks went toward rent, underscoring the nation’s dire housing affordability crisis. And with little money left over to cover other expenses, like medical bills or car maintenance, one expert says, families are at a higher risk of experiencing eviction or, in worst cases, homelessness if they fall behind on payments.

In […]

What are the economic Advantages and disadvantages of Unconditional Basic Income?

Unconditional Basic Income (UBI) presents several economic advantages and disadvantages. Advantages include transparency, efficiency, poverty reduction, and a positive impact on economic growth . UBI can eliminate the stigma associated with welfare receipt, reduce transaction costs, and provide individuals the freedom to pursue better work opportunities . Moreover, UBI can positively impact the labor market by strengthening the position of employees, particularly benefiting women in socially beneficial roles like housework . On the other hand, disadvantages of UBI encompass high costs, potential loss of work motivation among citizens, and the inability to address fundamental causes of inequality . Additionally, […]