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☆ Women in China Aren't Having Kids. 3 of Them Told Us Why.
▼ + stars: | 2024-02-11 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +8 min

Read previewWhen it comes to settling down and having children, 26-year-old Bihan Chen views the choice in simple terms: It's a bad investment. Falling birth rates saw China's population shrank in 2022 for the first time since the early 1960s. "When it comes to having children, I don't have a shred of desire, only fear. AdvertisementOthers cited the loss of personal freedom as a key obstacle to having children. Having children remains a deeply personal decision that can't be evaluated by finances alone.

Persons: —, Chen, Emily Huang, Huang, Xi Jinping, Xi, Zhu Zheng, haven't, Dudley L, Poston Jr, Rich, we've, Lanjie Wang, Wang, Collin Meisel, might've, Yi Organizations: Service, Business, Women's Congress, Getty, Texas, M University, Weibo, University of Denver's, Center for International Futures, Publishing, University of Wisconsin, Project Syndicate Locations: China, Beijing, Weibo, Xinhua, Japan, Korea, America, Madison

☆ A recently extended Denver guaranteed basic-income program gave people up to $1,000 a month. A participant said it allowed him to pay rent and gave him hope to keep providing for his kids
▼ + stars: | 2024-02-02 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +10 min

For a year, it allowed him to pay rent, more comfortably pay his bills, and spend time with family. He couldn't afford rent anymore after the program, but he's hopeful the extension will help him again. Basic income programs including those in Austin and Minneapolis showed that most recipients spend their payments on soaring housing costs. For the first year, the project gave participants either $1,000 monthly, $500 monthly with $6,500 upfront, or $50 each month as a control group. Some of his former coworkers found out he was living in his car, and they helped him find a place and pay rent.

Persons: Jarun Laws, —, It's, Laws, Karl W, Smith, Mark Donovan, he's, I'm Organizations: Income, Service, Denver, Bloomberg, Colorado Trust, University of Denver's Center for Housing, Homelessness Research, Safeway, Doordash, BI Locations: Denver, Austin, Minneapolis, Greater Denver

☆ 2 participants in Denver's basic-income experiment say it's helped them buy a car, rent an apartment, and turn their lives around
▼ + stars: | 2023-10-21 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +9 min

Through the Denver Basic Income Project, they received $6,500 up front and $500 monthly for a year. These payments helped them rent an apartment, buy a car, and improve their mental health, they said. How basic income worksOver the course of a year, the Denver Basic Income Project gives participants cash payments of varying amounts. The Denver Basic Income Project began in 2021 and was granted a $2 million contribution from the city. AdvertisementAdvertisementBroncucia and Searls participated in the Denver Basic Income Project.

Persons: Dia Broncucia, Justin Searls, —, Broncucia, Searls, Mark Donovan, Armando Generyo, Donovan Organizations: Income, Service, University of Denver's, Housing, Homelessness Research, Social Security Disability Insurance Locations: Denver, San Francisco, New York, Santa Fe , New Mexico, Vancouver , British Columbia

☆ Denver experimented with giving people $1,000 a month. It reduced homelessness and increased full-time employment, a study found.
▼ + stars: | 2023-10-05 | by ( Charles R. Davis | ) www.businessinsider.com time to read: +6 min

Direct cash assistance reduced homelessness and increased employment in Denver, a study found. "Many participants reported that they have used the money to pay off debt, repair their car, secure housing, and enroll in a course," he said. Six months in, most who received money from the project were better off — significantly so, according to researchers at the University of Denver's Center for Housing and Homelessness Research. And the study also relied on participants self-reporting their situations in exchange for payments of up to $30. Smaller cities, such as Santa Fe, have also experimented with cash payments, as have rural areas, including upstate New York.

Persons: —, Mark Donovan, Donovan, Zhao Organizations: Denver, Service, Income, Wooden, Pew Charitable Trust, University of Denver's Center for Housing, Homelessness Research, University of British, Guardian Locations: Denver, Tesla, Sacramento, Jacksonville, San Francisco, Santa Fe, New York, Philadelphia, United States, Vancouver, Canada, University of British Columbia

☆ Biden's surprise move to reclassify cannabis could supercharge legal weed — but it also carries big risks for companies and investors
▼ + stars: | 2022-10-07 | by ( Jeremy Berke | ) www.businessinsider.com time to read: +7 min

He announced pardons for federal cannabis possession and ordered a review of how cannabis is scheduled. While Biden's announcement stopped far short of decriminalization, he outlined three key steps:He's pardoning people federally convicted of simple cannabis possession. Biden's announcement signals that his administration — quiet on cannabis until now — will finally push for federal cannabis reform. Stifel analyst Andrew Partheniou called Biden's announcement "the most important development in US cannabis history," in a Friday morning note. If the government decides to regulate cannabis like a pharmaceutical, that could undermine the recreational cannabis industry as it currently stands.

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