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Kira M. Newman – Would Unconditional Basic Income Make Us Happier?

On June 5, Swiss voters weighed in on a referendum for universal basic income, a policy that would give every person, rich or poor, working or not, a modest amount of money per year—no strings attached. Although Switzerland voted against the referendum, it’s the first time an entire country has weighed in on the idea. The United States and Canada …

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Leslee Goodman – A Monthly Income Just for Being Human, and Other Sensible Ideas

Unconditional basic income, a policy option that seems radical by American standards, is gaining new traction across Europe, Canada, and even a few places in the United States. Also known as “universal basic income,” the policy mandates a guaranteed stipend to every resident of a community, with no strings attached. It is promoted as a way to address rising inequality, …

BRICS

Europe and the BRICS countries forge an independent rating system

Despite attempts to portray the work of the “big three” as globally oriented, the rating agencies maintain a close link to the US financial institutions. The 2008 economic crisis sent their reputations reeling. Now the global market for making ratings needs to be de-monopolized and equipped with new, transparent tools for working with risk. Currently, Fitch, Standard & Poor’s, and …

'The Sound of Music' film

Austria is fast becoming Europe’s latest debt nightmare

Ah Austria, land of schnitzel, lederhosen, Mozart, alpine meadows and beer drinking. Less widely appreciated is its special place in the history of catastrophic banking crises. It was the failure of Creditanstalt, a Viennese bank founded in 1855 byAnselm von Rothschild, that arguably sparked the Great Depression, setting off an unstoppable chain reaction of bankruptcies throughout Europe and America. No-one …