New Jersey’s largest city plans to test Universal Basic Income program

New Jersey's largest city plans to test Universal Basic Income program

Universal basic income programs failing across the globe New Jersey’s largest city plans to test whether universal basic income is feasible, making it the latest government to flirt with a program that would guarantee income for residents whether or not they have a job.

Newark Mayor Ras Baraka announced his decision last week to create a task force and pilot program to study whether the program is possible.

UNIVERSAL BASIC INCOME DITCHED IN CANADA, EVEN AS US CITIES TRY WELFARE EXPERIMENT “We believe in Universal Basic Income, especially in a time where studies have shown that families that have a […]

Rights, wellbeing and dignity

Rights, wellbeing and dignity

Financial insecurity plagues the working lives of cultural workers, with the self-employed and freelancers worst affected. But solutions are to be found, so it’s time for the UK to take decisive action, says Clara Paillard . A pay protest at the British Museum in 2017 One year ago, I lived in an old flat with no central heating, broken windows, and kitchen and bathroom facilities on the landing. Not to mention mice. As a museum worker on a part-time contract, life can be tough. But far from being an exception, my situation reflected the condition of many workers in […]

HDFC Life launches HDFC Life Sanchay Plus

HDFC Life launches HDFC Life Sanchay Plus

A plan offering guaranteed income for fulfillment of financial goals at various life stages Works as an alternative source of guaranteed income to eliminate financial uncertainties

Offers four benefit options – Guaranteed maturity, Guaranteed income, Lifelong income and Long term income

Provides enhanced protection coverage with two rider options – Income Benefit on Accidental Disability Rider & Critical Illness Plus Rider HDFC Life, one of India’s leading private life insurance companies, recently announced the launch of HDFC Life Sanchay Plus , a non-participating, non-linked savings insurance plan. This plan is designed to enable customers to eliminate uncertainties from financial […]

Solution to Korea jobless woes

Solution to Korea jobless woes

President Moon Jae-in faces a host of economic problems. Growth is slowing. Job creation is being hobbled by hikes in the minimum wage. Youth unemployment remains high. Domestic consumer spending is weakening. Lagging productivity threatens to lead to a loss of global competitiveness, while squeezing profit margins. Exports are slipping due to soft overseas demand and the U.S.-China trade dispute. All these factors are undermining confidence in the economy and threatening to increase jobless numbers.
So what should Moon do? Perhaps he should consider introducing universal basic income (UBI), which provides a minimum monthly payment to every citizen, no […]

A basic income is feasible and affordable

A basic income is feasible and affordable

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Britain’s social security system badly needs reform. It is too dependent on means testing, is excessively punitive and intrusive , and fails the key test of a robust safety net against poverty.Yet there is little agreement on the nature of reform. Returning to the pre-2010 position by restoring former benefit levels is not the answer. This approach would merely retain a system still heavily dependent on means testing, still highly conditional and still lacking a guaranteed income floor.Instead it is time for a radical upgrade of the […]

Pensions BOOST for MILLIONS: Major TRANSFORMATION could see retirement income RISE by 7%

Pensions BOOST for MILLIONS: Major TRANSFORMATION could see retirement income RISE by 7%

Dutch-style retirement plans could see retirement incomes rise The new type of scheme is being pioneered in the the UK by Royal Mail and is expected to be later opened up to millions of workers in other industries. MPs found the option is a key part of the “highly successful” world-leading pensions systems in the Netherlands and Denmark. The changes could “transform the UK private pensions landscape”, they said. State pension: Rise in the state pension age will be PAINFUL

State pension age increase: When will you get yours?

Ms Rudd said: “Introducing a completely new pension […]

Universal Basic Income? Fear of AI Fuels a New Argument for Socialism

Universal Basic Income? Fear of AI Fuels a New Argument for Socialism

If new technology led to mass permanent unemployment, history would be an endless saga of expanding joblessness.

With Alexandria Ocasio-Cortez and other Democratic candidates for president floating wilder trial balloons than a psychedelic circus, I’m surprised they have not (yet) picked up on the universal basic income (UBI). The UBI (guaranteed income for employable people who choose not to work) is far and away the favorite “solution” among those strong AI enthusiasts who expect machines to replace human work. They expect vast swaths of the country to be out of work for good.

So far, the only candidate plugging UBI […]

HDFC Life launches savings insurance plan Sanchay Plus

HDFC Life launches savings insurance plan Sanchay Plus

HDFC Life, one of India’s leading private life insurance companies, recently announced the launch of HDFC Life Sanchay Plus, a non-participating, non-linked savings insurance plan. This plan is designed to enable customers eliminate uncertainties from financial planning by providing a guaranteed income.

HDFC Life Sanchay Plus offers best in class returns to customers. It provides four benefit options which enable individuals to fulfill their financial needs at various life stages – Guaranteed Maturity, Guaranteed Income, Life Long Income and Long Term Income. Details of the four options are given below: Guaranteed Maturity option – This option provides guaranteed benefit at […]

HDFC Life launches Sanchay Plus with guaranteed return to help you reduce financial uncertainties

HDFC Life launches Sanchay Plus with guaranteed return to help you reduce financial uncertainties

The plan provides four benefit options – Guaranteed Maturity, Guaranteed Income, Life Long Income and Long Term Income – with the aim of enabling individuals to fulfill their financial needs at various life stages.

HDFC Life Sanchay Plus is a non-participating, non-linked savings insurance plan. The primary aim of taking life insurance is to transfer the life risk to an insurance company with better financial capacity to compensate loss, if any. The risks may either be the risk of early death, which may be covered by taking a term insurance plan, or the risk of living too long, which […]

HDFC Life launches HDFC Life Sanchay Plus

Mumbai : HDFC Life, one of India’s leading private life insurance companies, recently announced the launch of HDFC Life Sanchay Plus, a non-participating, non-linked savings insurance plan. This plan is designed to enable customers eliminate uncertainties from financial planning by providing a guaranteed income.

HDFC Life Sanchay Plus offers best in class returns to customers. It provides four benefit options which enable individuals to fulfill their financial needs at various life stages – Guaranteed Maturity, Guaranteed Income, Life Long Income and Long Term Income. Details of the four options are given below:

1) Guaranteed Maturity option – This option […]