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Guaranteed basic-income programs can help low-income participants afford necessities like rent. Despite legislative opposition, basic-income programs remain active across the country. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementIngrid Sullivan, 48, used her cash from the San Antonio guaranteed basic-income program to rent a home where her grandchildren can play in the yard. "My life was always just a couple hundred dollars short," Sullivan told Business Insider.
Persons: , Ingrid Sullivan, Monique Gonzalez, Sullivan Organizations: Service, San Antonio, Jarun Locations: San Antonio, Denver
Their bodies were discovered days later in some woods off a rural road in Telfair County, and their SUV was found submerged in a nearby lake. He is accused of killing the couple in Telfair County, Georgia. The suspect had the “last known communications” with Bud Runion, then-Telfair County Sheriff Chris Steverson said at the time. “The entire communication he had with Mr. Runion was deceptive,” Telfair County Sheriff Chris Steverson said at the time. Telfair County deputies launched air and water searches for the couple, and contacted land owners in the area to ask if they’d seen anything suspicious.
Persons: Elrey, Bud ” Runion, Runion, Ronnie “ Jay ” Adrian Towns, Ronnie Adrian, Jay, Kent D, Johnson, Bud Runion, Chris Steverson, Tim Vaughn, Towns, , they’d, Mark Walker, Jason Hoffman, Bud, David Goldman, ” Walker, , I’m, “ Bud, Ronnie Towns, , ain’t Organizations: CNN, Ford, Craigslist, GMC, US Army, Towns, Georgia Bureau of Investigation, Authorities, Atlanta, AP Locations: Vietnam, Georgia, McRae, Atlanta, Telfair County, Towns ’, Towns, Telfair County , Georgia, Telfair, Oconee, ” Telfair, Marietta , Georgia, Marietta, Goergia
He knows the GBI money will help him breathe a little easier. Uplift Harris' program will begin payments in the meantime, according to the office of Precinct 1 Commissioner Rodney Ellis. Uplift Harris participants hope the program will make them more financially stableGuaranteed basic income is an increasingly popular solution to combat poverty in US cities. GBI participants have previously told BI that they used the funds to secure housing and food, pay off debt, and afford school supplies for their children. Have you benefited from a guaranteed basic income program?
Persons: , Delwin Sutton, doesn't, Sutton, Ken Paxton, Harris, Paxton, Rodney Ellis, Sutton doesn't, Dustin Palmer, We've, Palmer, Jay Carter, isn't, Carter, Still, Harris County Attorney Christian D, Menefee Organizations: Service, Business, Harvard, Yale, Texas Attorney, Services, American, Republican, Harris County Attorney, Austin, South Dakota Republicans, doesn't Locations: Houston, Harris, Harris County, GBI, Texas, Austin, San Antonio, El Paso County, The Arizona, South Dakota, Iowa
Wole Coaxum is the CEO of MoCaFi, which has distributed over $52 million in basic income payments. I thought, "How can I use my time and talents, which is financial services, to bring an economic justice agenda to the social justice agenda?" Related storyMartin Luther King, Jr. talked about universal basic income and guaranteed basic income just before he passed away, and I feel that we as a company are very fortunate to be standing on the shoulders of others to bring these powerful ideas into the marketplace. Some of them are through MGI, Mayors for a Guaranteed Income. Why is a universal basic income that much different?
Persons: Morgan, , Wole Coaxum, JP Morgan, Ferguson, Martin Luther King, Jr, they've Organizations: Service, Corporation, JP Locations: Los Angeles, Atlanta, San Francisco, MGI
Cities like San Antonio, Austin, Denver, Boston, and Minneapolis have turned to basic-income pilot programs to explore ways to reduce those poverty levels. Republicans in Texas, Arizona, Iowa, and South Dakota are making efforts to ban GBI programs at the municipal and state level. AdvertisementStates and cities sometimes fund basic-income programsMany basic-income programs receive funding directly from state and local governments. Nonprofits and philanthropy play a key role in basic-income fundingOther basic-income programs are organized through a nonprofit, or receive funding from foundations and private donors. Along with funding cash payments, the Economic Security Project said that philanthropic donations can help a GBI programs pay for income policy research.
Persons: , Monique Gonzalez, John Gillette, Flint, Joe Biden, Jack Dorsey, UpTogether Organizations: Service, Economic Security, Business, SNAP, Republicans, BI, American, ARPA, Chicago's Department of Family, Support Services, Mayors, Georgia Resilience, GRO Fund, Colorado Trust Locations: Cities, San Antonio, Austin, Denver, Boston, Minneapolis, Texas , Arizona , Iowa, South Dakota, Arizona, California, Los Angeles, San Francisco, Sacramento, Michigan, Massachusetts, Texas, Chicago, Somerville , Massachusetts, GBI, Harris, Houston, Georgia, Atlanta, Colorado
AdvertisementCities that offer financial support to low-income families could see a decline in child abuse rates, researchers say. Welfare referrals can stem from suspected physical harm of a child, sexual abuse of a child, or situations where a child isn't given basic necessities. Economic stress creates risk factors for abuseDarwiche is a pediatrician at the Children's Hospital of Philadelphia and specializes in cases of child abuse. Financial safety nets could reduce child neglectDarwiche called income support a prevention strategy for child abuse. Child tax credits, similarly, allow some families to rise out of poverty by offering ongoing financial relief to adults with dependents.
Persons: , Dr, Sabrina Darwiche, Darwiche, hospitalizations, Zoe Bouchelle, Bouchelle Organizations: Service, Children's Hospital, Philadelphia's, Children's Hospital of Philadelphia, Financial, SNAP, Denver, Biden Administration, ARPA, Denver Health, Children's Locations: America, San Antonio, Austin
Read previewA Massachusetts city is giving low-income families $750 a month, no strings attached. The guaranteed basic income program will focus on residents who are in danger of losing their homes. The Somerville GBI Pilot will serve about 200 low-income families currently experiencing housing insecurity. Related stories"My life was always just a couple hundred dollars short," a participant in San Antonio's income program told BI. St. Louis, Missouri recently distributed $500 monthly payments to low-income families, and Flint, Michigan is offering funds to new mothers.
Persons: , Boston —, Somerville, Katjana Ballantyne, Ballantyne, Joe Biden's, hasn't, John Gillette Organizations: Service, Somerville, Business, Greater Boston Area, Boston, ARPA, The University of Massachusetts, Republican Locations: Massachusetts, , Boston, San Antonio, Austin, Minneapolis, Durham , North Carolina, Denver, Antonio's, City, Somerville, Greater Boston, Arizona , South Dakota , Iowa, Texas, Arizona, Louis , Missouri, Flint , Michigan, Atlanta
With basic income, Sullivan said she has been able to pay for food, buy gas for her car, and achieve her goal of renting a house. The GBI money was the help she needed to afford a deposit and first and last month's rent. She added that the element of choice is what made basic income more helpful for her than other support programs. Some lawmakers have called basic income socialist and raised concerns that it makes people too reliant on the government. Going forward, Sullivan said she is committed to helping other families like San Antonio basic income helped her.
Persons: , Ingrid Sullivan, Sullivan, they've, GBI, It's, UpTogether Organizations: Service, Business, BI, UpTogether Locations: San, Antonio, Denver, Houston, Boston, Minneapolis, Austin, Harris County , Texas, Durham , North Carolina, San Antonio's, San Antonio, Arizona , South Dakota , Iowa, Texas
An undated editorial illustration of the Indian rupee and the Indian flag. The decision to include Indian government bonds in two prominent global indexes recently is being viewed as a shot in the arm for the rapidly growing country and is expected to bring in billions of inflows. India's bonds will be added to the JPMorgan Government Bond Index-Emerging Markets (GBI-EM) in June, the Wall Street lender announced in September. The JPMorgan inclusion is reportedly India's first ever inclusion in a global bond index. JPMorgan has said the inclusion of Indian bonds will be staggered over 10 months, starting from a 1% in June to a maximum 10% weightage in its index in April next year.
Persons: Deepak Agrawal, Agrawal, Goldman Sachs Organizations: JPMorgan Government Bond, Bloomberg, Services, Emerging, Local, Kotak Mutual Fund, CNBC, JPMorgan
Monique Gonzalez, 41, is a participant in San Antonio's guaranteed basic-income program. With basic-income, Gonzalez has started renting a house and can afford school supplies for her kids. Gonzalez, 41, is a participant in San Antonio's guaranteed basic-income program. AdvertisementSan Antonio is one of several cities nationwide — and a few cities in Texas — piloting guaranteed basic-income programs. AdvertisementWith the extra few hundred dollars from her basic-income payments, she was able to start renting a house.
Persons: Monique Gonzalez, Gonzalez, , UpTogether, fiancé —, She's, that's, GBI, it's, we're Organizations: Service, Child Protective Services, Republican Locations: San Antonio's, Antonio, Texas, Denver, Austin, Boston, Minneapolis, Durham , North Carolina, Antonio's, San Antonio, Arizona , South Dakota , Iowa
Read previewWhen Monique Gonzalez received her money from the San Antonio guaranteed basic income pilot, she bought school supplies, shoes, and Christmas gifts for her children. San Antonio is one of several cities nationwide piloting guaranteed basic income programs. Ingrid Sullivan, a participant with four children and three grandchildren, told UpTogether that basic income allowed her to secure housing and reliable transportation. San Antonio participants also told UpTogether that the GBI payments significantly improved their mental health. Have you benefited from a guaranteed basic income program in San Antonio or elsewhere?
Persons: , Monique Gonzalez, Gonzalez, UpTogether —, UpTogether, Ingrid Sullivan, Sullivan, GBI, Austin, Stephanie Hendon, she's, Jessica Nairns, Texas State Sen, Paul Bettencourt, John Gillette Organizations: Service, San Antonio, Business, Houston, Austin, Urban Institute, Texas State, Republican, House, Republicans Locations: San Antonio, Denver, Austin, Boston, Minneapolis, Durham, City, Antonio, Texas, Harris, City of Austin, Washington ,, Harris County, Dakota, Iowa, In Arizona, Arizona, Flint , Michigan
Read previewAs guaranteed basic-income programs get more popular, opposition is also on the rise. Several lawmakers, like Arizona's Gillette, believe that income programs would discourage work and could raise taxes. A recently introduced bill in South Dakota would ban basic-income programs at the state level and prevent municipal governments from creating local programs. AdvertisementDespite opposition, basic-income program participants have seen benefitsPilot income programs have remained divisive with policymakers, but several major cities have seen positive results. In 2020, former Twitter CEO Jack Dorsey pledged $15 million to Mayors for a Guaranteed Income, which helped 25 cities and towns nationwide begin basic-income programs.
Persons: , Dia Broncucia, Justin Searls, John Gillette, Gillette, Arizona's Gillette, Lupe Diaz, Steve Holt, Skyler Wheeler, Sen, John Wiik, Paul Bettencourt, Bettencourt, Harris, I've, Ivanna Neri, Neri, UpTogether, Tony Evers, Austin, Stephanie Hendon, Louis, Jack Dorsey, Mark, Anthony Middleton Organizations: Service, Business, Income, Austin, BI, Republican, Republicans, GOP, Social Security, Iowa GOP, Houston Public Media, Gov, Madison Forward Fund, Madison Locations: Denver, Arizona, Arizona , Iowa, South Dakota , Texas, Wisconsin, Phoenix, Iowa, South Dakota, Texas, Houston, UpTogether, Harris, Madison, Minneapolis , Northern Virginia, Boston, St, Oregon, Durham
SAVANNAH, Ga. (AP) — A conservative group has told a Georgia judge that it doesn't have evidence to support its claims of illegal ballot stuffing during the the 2020 general election and a runoff two months later. In their written response, attorneys for True the Vote said the group had no names or other documentary evidence to share. The election board subpoenaed True the Vote to provide evidence that would assist it in investigating the group's ballot trafficking allegations. She and another member of the group were briefly jailed in 2022 for contempt for not complying with a court order to provide information in a defamation lawsuit. In addition to names, the judge ordered True the Vote to provide copies of any confidentiality agreements it had with sources.
Persons: Brad Raffensperger, , Mike Hassinger, , Dinesh D’Souza, John Doe, David Oles, Michael Wynne, Catherine Engelbrecht, didn't, Vic Reynolds, “ TTV Organizations: Atlanta ”, Court, The Atlanta, Associated Press, Georgia Bureau Locations: SAVANNAH, Ga, Georgia, Texas, Fulton, Atlanta, China
But significantly improving a recipient's housing situation might only be possible in a longer-term program or with larger payments, the researchers found. And the cash transfers did not cause recipients to work less , a common concern with basic income programs, the report found. A growing landscape of basic income experimentsLocal and state governments across the country are experimenting with guaranteed basic income programs, often targeting the region's most vulnerable residents, including new and expecting mothers and the lowest-income families. AdvertisementRecipients of a year-long basic income program in Austin, Texas, used most of the cash on housing costs and became "substantially more housing secure," according to surveys. "One of the undergirding premises of basic income programs, in general, is giving folks the decision-making latitude to choose for themselves where that money goes," Palmer said.
Persons: Vanessa Palmer, Andrew Goodman, Bacon, Palmer, Organizations: Minneapolis who've, Federal Reserve Bank of Minneapolis, Federal Reserve, Federal Reserve's Center, Indian Country Development, Federal, Opportunity, Growth Institute, Urban Institute, Harvard, The New York Times, Department of Housing, Urban Development Locations: Minneapolis, Twin Cities, Austin , Texas, Washington ,, San Francisco
Read previewThe city of Minneapolis is experimenting with a guaranteed basic income program, and the preliminary results are promising. Minneapolis has provided $500 monthly payments with no strings attached to 200 low-income families for the last year. Flint, Michigan — for example — recently opened enrollment for a basic income program for pregnant mothers, giving them a lump sum during pregnancy and $500 a month for their baby's first year of life. In Iowa, two Republican state representatives are pushing legislation to ban basic income programs, Business Insider reported. A lawmaker in Texas, meanwhile, called a newly launched basic income program in Harris County, which includes Houston, unconstitutional.
Persons: Organizations: Service, Business Locations: Minneapolis, Denver, Flint , Michigan, In Iowa, Texas, Harris County, Houston
The Camden County Sheriff's Office hired him nine months later. His file shows Aldridge was disciplined for using unnecessary force in February 2014 and May 2017. The department fired Aldridge for his third infraction just three months later. “It's just not worth the risk.”Bessent and other advocates say it’s an example of Camden County Sheriff Jim Proctor tolerating unnecessary violence. After one car crashes, body and dash camera video shows Aldridge shouting expletives as he approaches with his gun drawn.
Persons: Buck Aldridge, Leonard Cure, Aldridge, , Timothy Bessent Sr, Neill Franklin, they’re, Franklin, “ It's, ” Bessent, Camden County Sheriff Jim Proctor, Proctor, Larry Bruce, Jarrett Hobbs, Hobbs, jailers, “ You’ve, Harry Daniels, Christine Newman, Newman, Robert Persse, Louis Dekmar, Dekmar, Mike Spiers, “ Buck Aldridge, Adrienne Browning, , Cure, That's, Thaddeus Johnson, ” Johnson, expletives, Johnson Organizations: Camden County sheriff's, The Associated Press, Sheriff's Office, Georgia Bureau of Investigation, Camden, Camden County’s NAACP, AP, U.S . Marine, Kingsland Police, Police, Maryland State Police, Baltimore Police Department, Camden County Sheriff, International Association of Chiefs, Georgia State University, Criminal Locations: Camden, Georgia, Florida, Camden County’s, Kingsland, Georgia's, Camden County, Hobbs, LaGrange , Georgia, Franklin, Memphis
Leonard Allan Cure, 53, died on Monday after a Camden County sheriff's deputy shot him; the officer has not been officially identified. The Camden County Sheriff's Office said in a posting online the video was released because of rumors and misinformation, but did not elaborate. A representative for the sheriff's office did not immediately respond to Reuters request for comment on Wednesday. The deputy later told Cure on the video that Cure was driving 100 miles per hour (160 kph) on Interstate 95 in southern Georgia. Cure's family watched the video Wednesday at a Georgia Bureau of Investigation office with their attorney just before it was released by Camden County, in southern Georgia.
Persons: Leonard Allan Cure, Cure, Ben Crump, Crump, Cure's, Wallace Cure, Rich McKay, Daniel Trotta, Noeleen Walder, Kat Stafford, Gerry Doyle Organizations: Georgia Bureau of Investigation, Chamber, Reuters, of Florida, Camden County sheriff's, Sheriff's, of, Thomson Locations: Georgia, Florida, Tallahassee , Florida, U.S, ATLANTA, Camden County, America, Camden, Atlanta, Carlsbad , California
The officer pulled over Leonard Allan Cure, 53, on Monday morning along Interstate 95 in Camden County near the Florida border. An altercation ensued, and the deputy killed Cure, according to the Georgia Bureau of Investigation (GBI). In Monday's incident, the GBI said the deputy had told Cure that he was under arrest but Cure failed to comply with the officer's requests and assaulted him. Before shooting, the deputy used a Taser and a baton in an effort to subdue Cure, the agency said. It said in a statement on Monday that Cure was traveling to see his mother in south Florida when the incident occurred.
Persons: Kevin Wurm, Leonard Allan Cure, Cure, Leonard Cure, Brendan O'Brien, Jonathan Oatis Organizations: U.S, Capitol, REUTERS, Georgia Bureau of Investigation, Walgreens, New York Times, New York University, Stanford, Broward, Unit, Cure, of, Thomson Locations: American, Washington , U.S, Georgia, Florida, Camden County, Dania Beach , Florida, United States, EXONERATION, FLORIDA, of Florida, Chicago
India's local bonds will be included in the Government Bond Index-Emerging Markets (GBI-EM) index and the index suite, benchmarked by about $236 billion in global funds according to JPMorgan. JPMorgan said 23 Indian Government Bonds (IGBs) with a combined notional value of $330 billion are eligible. "India's weight is expected to reach the maximum weight threshold of 10% in the GBI-EM Global Diversified (.JPMGBIEMGD), and approximately 8.7% in the GBI-EM Global index," said JPMorgan. Foreign investor buying in Indian bonds has remained tepid with net purchases of $3.4 billion so far in 2023. The Indian rupee rose 0.3% in offshore trade before local markets opened while traders expected local bond yields to fall sharply.
Persons: Thomas White, , Sanjeev Sanyal, Aftab Ahmed, Rodrigo Campos, Sarita Singh, Chris Reese, David Gregorio, Christian Organizations: REUTERS, JPMorgan, Government Bond, Global, Council, Securities, DBS, Thomson Locations: India, Egypt, New Delhi, New York
Take Five: An inflationary dilemma
  + stars: | 2023-09-22 | by ( ) www.reuters.com   time to read: +5 min
The week ahead brings more evidence of how much progress is left for developed-economy policymakers, while in the emerging world, India is set to enter the bond-market big time and a raft of central banks wrestle with a dilemma. The personal consumption expenditures (PCE) price index rose 3.3% in the 12 months through July. Line chart with data from LSEG Datastream show the U.S.'s inflation on personal consumption expenditures (PCE), core PCE inflation and the federal funds target rate from 2019 to 2023. Reuters Graphics5\ASIA'S CURRENCY CONUNDRUMAsian central banks have a dilemma: how to handle weakening economic growth and peaking inflation, while arresting the slide in currencies to maintain stability in their financial systems. But much may rest on decisions of other central banks further afield, namely the Federal Reserve.
Persons: Lewis Krauskopf, Naomi Rovnick, Karin Strohecker, Amanda Cooper, Perry Warjiyo, Toby Chopra Organizations: Federal, Fed, European Central Bank, ECB, Reuters, CLUB India, JPMorgan, Russell, Bank of, Bank, Thailand, Reserve, Thomson Locations: India, Vidya Ranganathan, Singapore, New York, London, Washington, U.S, Saudi Arabia, Russia, Bank of Indonesia, Philippine
REUTERS/Thomas White/Illustration Acquire Licensing RightsMUMBAI, Sept 22 (Reuters) - Indian bond markets won't see a jump in volatility in the near-term after JPMorgan (JPM.N) announced India's inclusion in its widely tracked emerging market debt index, BlackRock's head of Asia Pacific fixed income said on Friday. JPMorgan said 23 Indian Government Bonds (IGBs) with a combined notional value of $330 billion were eligible for inclusion in its Government Bond Index-Emerging Markets (GBI-EM) index and index suite, benchmarked by about $236 billion in global funds. Given the size of the $2 trillion global government bond market, it may add only a little bit to the volatility in Indian bond markets, Seth told the Reuters Global Markets Forum. Foreign investor buying in Indian bonds has remained tepid with net purchases of $3.4 billion so far in 2023. He also pointed to investment-grade credit in Asia and higher quality emerging market bonds, in a "tilt towards quality" as macro uncertainties persist.
Persons: Thomas White, Neeraj Seth, Seth, Divya Chowdhury, Savio Shetty, Alex Richardson Organizations: REUTERS, Rights, JPMorgan, Asia Pacific, Government, BlackRock, Reuters Global Markets, Thomson Locations: India, Rights MUMBAI, Asia, Mumbai
Many investors think that will only happen if interest rates go to levels just too high for investors to pass up. "You wonder whether they have left it too late" said Mikhail Volodchenko at one of Europe's largest fund managers AXA IM. Reuters Graphics4/LOCAL PROBLEMSIn contrast to the dollar bonds, Turkey's 'local' lira-denominated bonds have had a shocker. Even if the lira is taken out of the equation the bonds are still down around 13% since Erdogan's election win. Reuters Graphics($1 = 0.8920 euros)Reporting by Marc Jones and Canan Sevgili Editing by Shri NavaratnamOur Standards: The Thomson Reuters Trust Principles.
Persons: Tayyip Erdogan, Erdogan, Mehmet Şimşek, Hafize Gaye Erkan, Mikhail Volodchenko, Enver Erkan, Yatirim, Treasuries, COVID, Wednesday Erdogan, Simon Lue, Fong, Vontobel, Turkey's, Jeff, Michael Metcalfe, Metcalfe, Marc Jones, Shri Navaratnam Organizations: LONDON, AXA, Reuters, JPMorgan EMBI Global, NATO, Investment, Wednesday, United Arab Emirates, JPMorgan GBI, Street Global Markets, Reuters Graphics, Thomson Locations: Central, Turkish, Nigeria, Argentina, Turkey, U.S, Arab, Swiss, Lira
REUTERS/Cheney OrrATLANTA, Jan 21 (Reuters) - A protest in Atlanta briefly turned violent on Saturday as demonstrators set a police car on fire and smashed windows of buildings. A Reuters photographer saw a protester who was carrying a banner being handcuffed by law enforcement. According to the Georgia Bureau of Investigation (GBI), Teran shot a state trooper and was shot and killed by officers returning fire. On Friday, GBI released a photo of a handgun police say was in Teran's possession at the time of the shooting. Reporting by Cheney Orr in Atlanta, writing by Maria Caspani, Editing by David GregorioOur Standards: The Thomson Reuters Trust Principles.
One person was killed and a Georgia trooper was injured Wednesday as officials cleared out the site of a controversial proposed law enforcement training center in Atlanta. Tensions have been rising in the city over the proposed Public Safety Training Center: a sprawling stretch of 85 acres of forested land in DeKalb County that will have a shooting range, amphitheater and a mock city that will be used for training. Opponents have called the center "Cop City" and protesters have camped out in the area of the proposed site to decry construction. Other law enforcement officers returned fire, hitting the man, who died at the scene, the GBI said. A movement called “Defend the Atlanta Forest," which opposes the training center plans, contradicted the GBI’s account, saying: “Police killed a forest defender today, someone who loved the forest, someone who fought to protect the earth & its inhabitants.
Three former Georgia sheriff's deputies were arrested and charged for allegedly beating a Black inmate in a videotaped September attack that "shocked the conscience," authorities said Tuesday. They had already been fired by the Camden County Sheriff’s Office prior to their arrests. The arrests come a week after attorneys for inmate Jarrett Hobbs released several videos showing deputies allegedly beating him on Sept. 3 at the Camden County Jail in Woodbine. The videos showed the deputies appearing to punch Hobbs, drag him from his cell, slam him against a wall, and kick him repeatedly. The incident led to the sheriff's office and the Georgia Bureau of Investigation launching separate investigations.
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