Page 20 - Universal Basic News Today

by Tyler Durden Something odd is going on in the US economy. On one hand, in the aftermath of the covid pandemic there are millions and millions of former workers who have lost their jobs and are unable to return as their job may not even exist today (while their skills atrophy and they become increasingly unemployable with every day they are unemployed). Addressing this, on Thursday Fed Chair Powell spoke at an IMF panel saying that over nine million Americans remains out of work, while a quic...

Many readers are aware of a simulation conducted by the World Economic Forum called Event 201  that preceded the COVID pandemic. Event 201 eerily described and seemed to predict the pandemic. (There was also a pandemic simulation called Clade X that preceded Covid.) What some readers may not know, however, is that the World Economic Forum conducted a similar simulation, Cyber Polygon 2020. This 2020 event  also predicted a global catastrophe. A new cyberattack simulation, Cyber Polyg...

Universal Basic Income (UBI) and the Road to Serfdom Posted on Many people think that a universal basic income (UBI) would be a good substitute for the welfare state. Under this proposal, each person resident in a country would receive a guaranteed income, sufficient to live at a modest level. People would get the money unconditionally. Unlike welfare payments, the UBI would not be lessened if people earned money in addition to the amount it provided, and, because it is not means tested—abso...

CBC Radios The House: Lock down, open up, repeat On this week’s show: ER doctor Lisa Salamon and molecular virologist Marc-André Langlois weigh in on the variant-driven surge of COVID-19 cases across much of Canada. Plus: NDP Leader Jagmeet Singh discusses his party’s policy convention. A Michigan state senator reacts to the potential shutdown of the Line 5 pipeline. And The House looks at two proposals up for debate in next week’s Liberal and NDP conventions — universal basic income a...

Kim Lag Jung from Gyeonggi Province was interviewed about the South Korean Youth dividend program. The interview took place at the 2019 Basic Income Earth Network (BIEN) Congress in India. The interview covered the dividend and its reported benefit for local youth, local business owners and how it has affected the national conversation about basic income and whether it could be expanded to include more ages. Since 2016, 3,500 South Korean youth have received the equivalent of 1,000,000￦ (US$8...

Thank you for signing up to our Politics newsletter. Something went wrong - please try again later. Sign Up “I don’t think there’s anything controversial about trying to make parliament more inclusive,” Fatima Joji says. The Nigerian-Scot, from Westhill, Aberdeenshire, is excited about her position topping the SNP’s north-east regional list for the Scottish Parliament elections in May. But she has spoken out against those who “seem to think that I have been somehow parachute...

If you lived in Alaska, you’d probably be looking forward to your annual check from the Permanent Fund Dividend (PFD). The money, mostly from oil-production revenues, has been paid to qualified residents of the state since 1982. The 2019 PFD ($1,600) was distributed to more than 85% of the 731,500 people living in Alaska.  Beyond the state last year millions of Americans got a taste of the Alaska experience through virus relief checks sent out by the federal government. In April 2020, 12...

The global sovereign bond market is fracturing, and its ramifications for asset prices cannot be overstated. Borrowing costs around this debt-disabled world are now surging. The long-awaited reality check for those that believed they could borrow and print with impunity has arrived. From the U.S., to Europe and across Asia, February witnessed the biggest surge in borrowing costs in years. Thursday, February 25, 2021, was the worst 7-year Note Treasury auction in history. According to Reuters, t...

The global sovereign bond market is fracturing, and its ramifications for asset prices cannot be overstated. Borrowing costs around this debt-disabled world are now surging. The long-awaited reality check for .03/10/2021 19:37:34PM EST.

By Jo Derrick