Sign up for this app and you’ll get weekly basic income (or help give one)

{ object.primary_image.title }}

New app Comingle is creating a community-funded basic income for its members. If you want to benefit from direct cash transfers or a universal basic income right now , you have to live in one of the areas where various governments or nonprofits are running pilot programs to test the idea. Not that many people have won that geographic lottery. But now there’s a chance for anyone to volunteer for a guaranteed income program, one that you both can benefit from—and help support. Read Full Story

More

This $1000-a-month universal basic income program is designed to help foster youth survive

{ object.primary_image.title }}

California’s Santa Clara County will start giving cash to people transitioning out of foster care $1,000 a month to help them meet adulthood and its financial challenges—and hopefully serve as a gateway to a larger UBI program. In California, foster youth are able to stay in care until they turn 21. “At 21, you’re on the street, you’re emancipated,” says Supervisor Dave Cortese, one of Santa Clara County’s five elected supervisors. At that point, the transition into adult life can be tough. “Not to stereotype,” Cortese says, “but traditionally, it’s a cohort that would be overrepresented in clinical mental health problems, homelessness, and food anxiety.” A study conducted among transitioning Midwestern foster youths showed that 29% of the individuals had become homeless by age 23 or 24. Read Full Story

More

This nonprofit pays former gang members to go to college—now it’s helping families survive the pandemic

{ object.primary_image.title }}

College Bound Dorchester has started offering stipends to give former gang members a small basic income so they don’t have financial worries while finishing their education. Now it’s expanded its stipend program to 125 families in need. Four years ago, Naomie Charles, who grew up in Boston’s Dorchester neighborhood, started college—a milestone for the mother of two who had experienced homelessness, incarceration, abusive relationships, and other obstacles that had long held her back. Now 32, Charles is set to graduate from Southern New Hampshire University, and though the coronavirus pandemic has changed what that graduation will look like, the people at College Bound Dorchester, the Boston-based nonprofit that supported her throughout her education, will still be there, as they always have. Read Full Story

More

Is the pandemic finally the moment for a universal basic income?

{ object.primary_image.title }}

As unemployment remains high and the threat of automation looms over any recovery, UBI is getting another look as a potential key to ongoing economic stimulus. When Andrew Yang dropped out of the Democratic presidential primary in February, he had no way of knowing that within weeks one of the central pillars of his failed campaign would move from the fringes of American political conversation to the very center of global policy debates. Citing looming labor market disruptions brought on by accelerating workplace automation, Yang ran on the idea of instituting a universal basic income (UBI), an idea that’s lived at the outskirts of American political thought—though never quite in the mainstream—for 250 years. Specifically, Yang proposed the U.S. government pay each of its adult citizens $1,000 per month (in lieu of some of the benefits the government currently offers) to alleviate poverty and gird all Americans for the day …

More

Andrew Yang renews calls for UBI after latest stimulus package fails to provide direct payments

{ object.primary_image.title }}

Universal basic income was the centerpiece of Yang’s presidential platform. Now, a lot more people see it as a good idea. Former Democratic presidential candidate Andrew Yang and his supporters see a pivotal failing with the $484 billion stimulus bill supplement signed today by President Trump. The plan contains no stimulus for the people. He is lobbying for $2,000 monthly stimulus checks to be sent directly to American adults, plus $500 per child, until the end of the COVID-19 crisis, and he’s encouraging his 1.4 million Twitter followers to call their congressional representatives. Read Full Story

More

Jack Dorsey takes leaf out of Zuckerberg’s book, says Twitter has no influence on elections

{ object.primary_image.title }}

Wednesday’s Big Tech Senate hearing has turned into a Congressional grilling. Wednesday’s Big Tech Senate hearing —which convened the CEOs of Facebook, Twitter, and Google to discuss Section 230 of the Communications Decency Act—quickly morphed into an opportunity for Congress to grill Mark Zuckerberg and Jack Dorsey on either their overzealous (if you ask Republicans) or underwhelming (per Democrats) content moderation on social media. Read Full Story

More

To stop a coronavirus quarantine recession, economists say send everyone cash—now

{ object.primary_image.title }}

Whether you call it free money, an economic stimulus, or a mini universal basic income, it could be the best recession-fighting measure we have. The novel coronavirus has been a boon to a handful of very specific businesses, including those producing disinfectant wipes, canned goods, and telecommunication apps. But, as social distancing and self-quarantining become the norm, the economy is taking a deep hit, as restaurants, hotels, airlines, theaters, and a host of other industries find themselves suddenly without customers, and workers are being left without tips, or furloughed, or simply laid off. The stock market’s continuing tumbles—exacerbated by the president’s performance—is prompting fears of a looming recession. Bloomberg News’ recession predictor now places the odds at 53%. Read Full Story

More

Subscribe to our newsletter

Join our newsletter and never miss out trending marketing news.

HitcountVariables(pk=5656, ajax_url='/api/hit/ajax/', hits='2')