Andrew Yang’s cash giveaway makes an important point about jobs

Andrew Yang, who has been called "the internet’s favorite candidate," turned into something of a latter-day Oprah during Thursday night’s 2020 Democratic presidential debate.

Instead of offering each member of his audience a new car, as Oprah Winfrey famously did once during her daytime television talk show days, New York CEO and philanthropist Yang offered an online lottery.

During his opening remarks, the former entrepreneur and currently long shot presidential candidate offered Americans aged 18 and up a chance to be one of 10 randomly selected families that will receive $1,000 a month for a year in an online Yang campaign-funded […]

Investing for retirement in a low interest-rate environment

Australia is currently in the lowest interest rate environment in its history, with the official cash rate now at 1 per cent per annum and 10-year government bond yields trading very close to this level.

10-year government bond rates are an important indicator for retirees, setting the benchmark for all fixed-interest investments and providing a hint of the reward you will get for tying up your money for a whole decade. Jeremy Cooper, chairman, retirement income, at Challenger says the challenge for retirees is converting retirement savings into regular income that lasts for life. Put simply, the low rates means […]

What kinds of risk must you take?

What kinds of risk must you take?

One of the key investment concepts most investors do not understand is risk versus return. This important idea means that generally the more return you get the riskier the investment. It sounds simple but it can get complicated fast because there are many kinds of risk.

Most investors think of risk as the risk of losing money. I think a good definition of risk is any uncertainty that has the potential to have a negative effect on your financial welfare. If you just define risk as losing money you would never invest in stocks, yet they are an important asset […]

Democratic Debate #3: Mr. Rogers, Re-runs, and Real Talk

Democratic Debate #3: Mr. Rogers, Re-runs, and Real Talk

Thursday night’s Democratic debate was held in Houston, at Texas Southern University. Before last night’s third debate among the Democrats who would be President, the buzz was over Andrew Yang’s campaign teaser that, in Houston, he was going to do “something no presidential candidate has ever done before in history.”

In the age of Trump, this is quite a statement. Thankfully, it turned out to not be anything obscene, although it was perhaps a bit garish.

To give people a test drive of his basic income plan that would give every U.S. adult $1,000 a month in guaranteed income, Yang announced, […]

Andrew Yang’s giveaway raises campaign finance questions

Andrew Yang’s giveaway raises campaign finance questions

Enlarge Image Andrew Yang pledged to give 10 different families $1,000 a month on Thursday night. Not so fast, Andrew.

Businessman Andrew Yang’s proposal to give 10 families a thousand bucks a month each for a year made a splash Friday — with campaign finance lawyers. “He’s using campaign money and the problem is federal law prohibits campaign money from being converted to the personal use of any person,” said Adav Noti, a top lawyer at campaign finance watchdog Campaign Legal Center, who once worked for the Federal Election Commission.

“It sure looks like giving people $1,000 cash in exchange for […]

Column: Andrew Yang’s cash giveaway makes an important point about jobs

Column: Andrew Yang’s cash giveaway makes an important point about jobs

Democratic presidential candidate former tech executive Andrew Yang is interviewed after the Democratic presidential debate at Texas Southern University on Sept. 12, 2019, in Houston. (Justin Sullivan / Getty Images) Andrew Yang, who has been called “the internet’s favorite candidate,” turned into something of a latter-day Oprah during Thursday night’s 2020 Democratic presidential debate .

During his opening remarks, the former entrepreneur and currently long shot presidential candidate offered Americans aged 18 and up a chance to be one of 10 randomly selected families that will receive $1,000 a month for a year in an online Yang campaign-funded raffle.

In other […]

Should you buy an annuity or wait?

Should you buy an annuity or wait?

With Brexit continuing to cause uncertainty, thousands of people approaching retirement were dealt a fresh blow this week with news annuity rates have hit a 25-year low. The latest data from Moneyfacts shows the average annual annuity income is now 1.2 per cent lower than its previous all-time low recorded in September 2016, following the EU referendum. This means a 65-year-old with a pension pot of £50,000 buying an annuity today would receive an average pay out of £2,237 a year compared to £2,557 had they bought the annuity on 1 January.

Annuity rates have been declining for months because […]

Pensions – Articles – Current annuity rate at lowest for twenty five years

Steven Cameron, Pensions Director at Aegon comments on figures from Moneyfacts showing the current annuity rate is the lowest since at least 1994 (when its records started). “For those approaching retirement, news that annuity rates have hit a 25 year low mean the cost of securing a guaranteed income for life are at an all-time high. Annuity rates have fallen in recent years because of gilt yields also being at an all-time low, coupled with life expectancy continuing to rise. The perceived poor value of annuities was one of the drivers behind the pension freedoms, introduced by George […]

EDITORIAL: Questions we’d like to hear tonight

Did somebody say that tonight’s debate is scheduled to be three hours long? This is going to require some serious caffeine.

Elizabeth Warren and Bernie Sanders might be kooky enough to be entertaining for a few hours, but how long can anybody listen to Beto O’Rourke before slumbering? Or hibernating.

Maybe the questions this time around will be better, and the moderators won’t ask for one-word responses to such questions like, "What is the biggest threat to the United States?" (That happened in June.)But since the sheer number of candidates has been pared down for tonight, and partly because of the […]

Can Yang Do for UBI What Bernie Did for ‘Medicare for All’?

Can Yang Do for UBI What Bernie Did for 'Medicare for All'?

With 14 Democrats campaigning for president on some version of “Medicare for All,” it’s hard to remember that a single-payer health care system was considered a pipe dream when Bernie Sanders raised it just four years ago. Hillary Clinton told Iowans it would “never, ever come to pass,” and most political insiders agreed. That’s fundamentally changed since President Donald Trump’s election. Today, another underdog issue might similarly hit the mainstream, courtesy of an outsider candidate with a devoted fan base: entrepreneur Andrew Yang.

Universal basic income (UBI), long confined to the outer stretches of policy papers , is the central […]