Tag: guaranteed income

UNIVERSAL BASIC INCOME [UPSC Notes GS III] On UBI

UNIVERSAL BASIC INCOME [UPSC Notes GS III] On UBI

This article will describe in detail about UBI, its guiding principles and requirement of UBI in India.

These UPSC Notes on UBI are aligned with the UPSC Syllabus and aspirants should prepare this topic for General Studies Paper III.

There are high growth and GDP numbers that the nation is witnessing. But this is not transforming the development of individual and personal empowerment. Despite rapid economic growth millions of people are unemployed and extremely poor, as can be seen in the last three decades.There are large groups of landless labourers, agricultural workers and marginal farmers who suffer from multidimensional poverty. These […]

UAE wants to moderate real estate development

UAE wants to moderate real estate development

DUBAI, UAE – The government in the United Arab Emirates has spoken out against the rapid pace of real estate development in the country which has caused a slow, drawn-out property market crash.

Dubai and Abu Dhabi, the two largest emirates by far have been the hardest hit, with residential housing prices and rents falling to pre-GFC levels.

Commercial property too is way over-supplied leading to higher vacancy rates, lower rentals, and incentives to attract tenants.Developers, in response to slowing demand for off-the-plan residential and hotel real estate developments have been offering guaranteed income returns, waiving of transfer fees, and years […]

In California, a buzzy campaign idea gets a test run

In California, a buzzy campaign idea gets a test run

(AP Photo/Rich Pedroncelli). In this photo taken Wednesday, Aug. 14, 2019, Susie Garza displays the city provided debit card she receives monthly through a trial program in Stockton, Calif. Garza is participating in the Stockton Economic Empowerment De… (AP Photo/Rich Pedroncelli). In this photo taken Wednesday, Aug. 14, 2019, Susie Garza displays the city provided debit card she receives monthly through a trial program in Stockton, Calif. Garza is participating in the Stockton Economic Empowerment De… (AP Photo/Rich Pedroncelli). In this photo taken Wednesday, Aug. 14, 2019, Susie Garza who receives a monthly city provided debit card through a […]

A Free-Money Experiment Outside the Universal Basic Income Model

For many people, life is a series of small emergencies. And without the resources to solve them, they can turn into big ones, fast.

Based on interviews with more than 100 Americans about their financial histories, Rachel Schneider, an economics expert who co-wrote The Financial Diaries: How American Families Cope in a World of Uncertainty with Jonathan Morduch, found that families’ spending patterns month-to-month were lumpy and jagged , as they tried to address whatever size emergencies came up: the broken-down cars, the medical bills, the cancelled shifts. But budgets are tight. Forty percent of Americans can’t easily cover an […]

Universal basic income like Stockton’s gaining traction among tech titans, Democratic presidential hopefuls

Universal basic income like Stockton’s gaining traction among tech titans, Democratic presidential hopefuls

Cheryl Gray and her children, Allonah and Alonzo Hawkins, ages 7 and 9, share a laugh as they sit for a portrait. An extra $1,000 each month Gray received for a year, coupled with money she earned working two jobs, helped her to save enough to move out of the projects and buy a Habitat for Humanity home. [CAROLYN VAN HOUTEN/THE WASHINGTON POST] Hide caption JACKSON, Miss. — Cheryl Gray had sat through so many presentations about programs to lift herself out of poverty that she could practically recite all the advice. But the one she heard in November […]

NS&I axes bonds and cuts rates

NS&I axes bonds and cuts rates

National Savings & Investments (NS&I) is withdrawing several fixed rate bonds from sale and cutting rates on others. The government-backed agency is pulling its 1-year and 3-year Guaranteed Growth Bonds and Guaranteed Income Bonds with immediate effect. It has also cut the rate on existing Guaranteed Growth Bonds, Guaranteed Income Bonds and Fixed Interest Savings Certificates by 0.25 per cent.

Savers who have a bond maturing on or before 5 October will get the old, higher rate if they roll over into a product with the same term.

NS&I said the changes were down to rates for similar competitor products falling […]

A Free-Money Experiment Outside the Universal Basic Income Model

A Free-Money Experiment Outside the Universal Basic Income Model

Shutterstock For many people, life is a series of small emergencies. And without the resources to solve them, they can turn into big ones, fast.

Based on interviews with more than 100 Americans about their financial histories, Rachel Schneider, an economics expert who co-wrote The Financial Diaries: How American Families Cope in a World of Uncertainty with Jonathan Morduch, found that families’ spending patterns month-to-month were lumpy and jagged , as they tried to address whatever size emergencies came up: the broken-down cars, the medical bills, the cancelled shifts. But budgets are tight. Forty percent of Americans can’t easily cover […]

Annuities and Income Drawdown—UK—August 2019: Flexible Access Drawdown Remain Highly Sought-after

Annuities and Income Drawdown—UK—August 2019: Flexible Access Drawdown Remain Highly Sought-after

Even though annuity purchase with a pension pot was traditionally well-received, the introduction of pension freedoms in April 2015 along with soaring life expectancy and plunging gilt yields and other aspects dented the prospect of annuities. The freedoms have provide consumers more choices as they have early access and the option to take tax-free cash, a drawdown product or an annuity. Meanwhile, flexible access drawdown has become popular that is ideal for those who have readied themselves to take investment risk. These insights are according to the intelligence report, titled, “ Annuities and Income Drawdown—UK—August 2019 ,” which has […]

Yang Gang battles Bernie Bros to win hearts and minds of liberals

Yang Gang battles Bernie Bros to win hearts and minds of liberals

Democratic presidential candidate Andrew Yang gestures while speaking at the Democratic National Committee’s summer meeting Friday, Aug. 23, 2019, in San Francisco. More than a dozen Democratic presidential hopefuls are making their way to California to curry favor with national … Steve Marchand was all-in for Sen. Bernard Sanders four years ago, but in this presidential election race he is a member of the Yang Gang — the band of enthusiastic supporters of Andrew Yang, the entrepreneur whom many see as the natural evolution of Mr. Sanders’ 2015 message.

They are fighting it out on the battlefield of ideas, but […]

Eagle Ridge Investment Management Has Lifted Its Principal Finl Group (PFG) Stake; Disney Walt Co (DIS) Holder Iberiabank Boosted Holding by $1.14 Million

Eagle Ridge Investment Management Has Lifted Its Principal Finl Group (PFG) Stake; Disney Walt Co (DIS) Holder Iberiabank Boosted Holding by $1.14 Million

Eagle Ridge Investment Management increased its stake in Principal Finl Group Inc (PFG) by 120.64% based on its latest 2019Q1 regulatory filing with the SEC. Eagle Ridge Investment Management bought 84,185 shares as the company’s stock rose 2.04% . The institutional investor held 153,968 shares of the accident &health insurance company at the end of 2019Q1, valued at $7.73M, up from 69,783 at the end of the previous reported quarter. Eagle Ridge Investment Management who had been investing in Principal Finl Group Inc for a number of months, seems to be bullish on the $14.65 billion market cap company. […]