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☆ A millennial woman who made nearly $250k secretly working 2 jobs says it helped her enter a relationship for the 'right reasons' — not financial security
▼ + stars: | 2024-09-09 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +8 min

She focused on this gig early in the morning, in the evening, on the weekends, or during working hours on the days her full-time employer allowed her to work from home. While overemployment has increased Olivia's work-related stress, it's reduced her financial stress — something she said has helped her pursue a healthy romantic relationship. That's because the long working hours can take a toll, and remote job opportunities can be difficult to land. As long as she lives in her area of California, she's not sure she'll ever buy a home. Are you working multiple remote jobs at the same time and willing to provide details about your pay and schedule?

Persons: —, Olivia, What's, Doxo, jugglers, she's, overemployment, Overemployment, it's Organizations: Service, Business, New York Times, BI Locations: California's Bay, San Francisco, San Jose, Bay, California

☆ I stayed in a $290-a-night tiny home on an island 5 miles from Singapore. It was smaller than a parking space.
▼ + stars: | 2024-09-09 | by ( Erin Liam | ) www.businessinsider.com time to read: +10 min

During my three-day visit in August, I stayed at a tiny home by Tiny Away for one night. AdvertisementLaunched by a Singaporean tiny home startup called Big Tiny in May 2023, Tiny Away features five tiny houses that measure around 139 square feet each — or slightly smaller than an average parking space. Tiny Away is currently the only option for those who want to try tiny house living without going abroad. For one, there's a glamping resort on Lazarus Island that offers stays for a similar price to Tiny Away. But Tiny Away strikes me as ideal for guests looking for some solitude or a chance to experience the city-state minus all the high rises.

Persons: —, I'd, Tiny, Adrian Chia, Big Tiny, Erin Liam, Chia, cocker, Lazarus, Prudence Lai Organizations: Service, Business Locations: Singapore, New York City, Lazarus, Southern, Sentosa, Singapore's

☆ They got priced out of NYC, so they bought a $160,000 house in Vermont — but country life doesn't mean they're 'suddenly wealthy'
▼ + stars: | 2024-09-09 | by ( Amanda Goh | ) www.businessinsider.com time to read: +11 min

Read previewAfter four years of living in their studio apartment in Brooklyn, Taylor and Tatum Barnes decided it was time to leave New York City. Advertisement"In New York City, I did not drive. Related stories"In New York City, we're not waving at everyone we pass by because if you did that, you'd go insane. The slower pace of life in Vermont has been refreshing compared to the hustle and bustle of the city, Taylor, who was originally from Pennsylvania, added. "Compared to New York City, the mortgage is half that of what we paid for rent," Tatum said.

Persons: —, Taylor, Tatum Barnes, Tatum, they're, we're, you'd, It's, Barnes, isn't, We're, that's Organizations: Service, Business, Dartmouth College, Dartmouth, New, Fiscal, Institute Locations: Brooklyn, New York City, Vermont, Hartford , Vermont, Pomfret, Burlington, City, playgroups, Pennsylvania, NYC, New York

☆ Why Nvidia and Its Stock Have Developed a Cult-Like Following
▼ + stars: | 2024-09-09 | by ( Emily Stewart | ) www.businessinsider.com time to read: +13 min

I probably do not have to tell you that Nvidia has really blown up over the past few years. "If people were going to be going crazy about a stock, wouldn't it be this one?" Jack, a moderator of a subreddit dedicated to Nvidia's stock, finds some of the memes around Nvidia irksome. He said ChatGPT's capabilities reinforced his belief in his thesis around Nvidia and AI. I'm not a Nvidia true believer, but I'm apparently Nvidia curious.

Persons: Jensen Huang, Angelo Zino, Jim Cramer, Josh Brown, fanboys, Kamala Harris, I'm, Dan Ives, Huang, Daniel Williams, Williams, David, Goliath, Christopher Schwarz, that's, Axios, Felix Salmon, he's, Jack can't, It's, Berkshire Hathaway, Warren Buffett, Buffett, There's, Schwarz, Brown, Ted Mortonson, Baird, They've, cooly, they're, Mortonson, Ives, Elvis, Zack Morris, Taylor Swift, Chappell Roan, Emily Stewart Organizations: Nvidia, Wall Street, Woodstock, CFRA Research, CNBC, Ritholtz Wealth Management, Elon, NFL, Democratic, People, Wedbush Securities, Lebron, Davids, University of California, Paul Merage School of Business, Nvidia irksome, GameStop, GameStop —, Cisco, Department, Justice, ChatGPT, Business Locations: New York City, New York, Jack, Maine, Omaha , Nebraska, —

☆ All the data is pointing to a soft landing in the US economy, top economist says
▼ + stars: | 2024-09-09 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

The US economy is not facing a recession, says Apollo chief economist Torsten Sløk. Sløk cites strong employment data, wage growth, and consumer spending as key indicators. AdvertisementThe US economy is cruising toward a soft landing with no recession on the table, according to Apollo chief economist Torsten Sløk. "Daily data for debit card transactions shows that consumer spending has been accelerating in recent weeks," Sløk said. That's not something you see right before a recession hits the economy, according to Sløk.

Persons: Torsten Sløk, Sløk, — Organizations: Service, Sløk, Atlanta

☆ We lived in Charleston for a year, but it was too expensive and crowded. Now, we're happily settled 2 hours north.
▼ + stars: | 2024-09-08 | by ( Mcduffie Putnam | ) www.businessinsider.com time to read: +5 min

But at my core, I'm a native South Carolinian and I've lived all over the state throughout the years. Many three-bedroom homes in the Charleston area have recently sold for $500,000 or more — some for over $1 million, according to Redfin. AdvertisementWe're now in a smaller South Carolina city, where our everyday life is pretty goodFlorence has a smaller population than Charleston. McDuffie PutnamAfter almost a year, we decided that the traffic, crowds, and cost of living in the Charleston area were not for us. Florence is in the northeastern portion of South Carolina, about 90 minutes from the Myrtle Beach area and two hours from Charleston.

Persons: —, I've, we've, Peter Unger, We're, McDuffie Putnam, we'd, We've Organizations: Service, US News, Business, Homes, Charleston Locations: Frankfurt, New York City, South Carolinian, Charleston, South Carolina, Zillow, Florence, Columbia, Florence , South Carolina, Myrtle Beach, Southern

☆ Burnout Cure for Girlbosses: Female Executives Vs. Hustle Culture
▼ + stars: | 2024-09-08 | by ( Aki Ito | ) www.businessinsider.com time to read: +36 min

But for few has its pursuit been more complicated than for the elite career women Byars strives to help. AdvertisementWhen she finally felt ready to go back to corporate life, she looked for a more sustainable way to pursue professional success. The issue with high-achieving women, Byars says, is they focus on meeting only two of those needs — security (money) and esteem — while neglecting the rest. When the clients cry, it's mostly related to the need Byars says is the trickiest to meet: esteem. But if you're a woman with four kids and a senior-level corporate job, is there really any amount of mindset shifting you can do to avoid burnout?

Persons: Erin, She's, I've, Erin needn't, They've, Kathleen Byars, Byars, Kate, there's, Mary Kay, Scott, —, Ali, she's, that's, Erin interjects, Let's, I'm, They're, they're, she'll, Kiersten, We're, it's, It's, LeAnn Rimes, isn't, Erin's, strum, Aki Ito Organizations: Virgin, Goodlife Institute, CWU, Habitat, Humanity, BI, Business Locations: Nashville, I'm, Dallas, Chile, CWU, Byars

Charles Coristine used to revel in working at Morgan Stanley. At a barbeque, Coristine met an owner of snack company LesserEvil, who talked about wanting to sell his "flatlining" business. A 'scrappy' reinventionWhen he bought LesserEvil, Coristine was working at TD Bank and pursuing an MBA at Cornell University Graduate School. It brought in roughly $2 million that year, accounting for a third of LesserEvil's annual revenue, the company says. A year later, the company got its first outside funding — about $3 million, the company says — from sustainable food and agriculture investment firm InvestEco.

Persons: Charles Coristine, revel, Morgan Stanley, Coristine, that's, Andrew Strife, welders, LesserEvil, Homer, Henry David Thoreau, — Organizations: CNBC, U.S, TD Bank, Cornell University Graduate School, packers, Kroger, LesserEvil, Growth Locations: Tokyo, London, Danbury , Connecticut, Wilton , Connecticut, Danbury, New Milford

Lansky said he was inspired by a discussion he had with a pilot he sat next to on a flight years ago. When the safety demonstration video began, “I noticed he wasn't paying attention to it. “You really need to kind of visualize actually lifting the flap,” Lansky told CNBC Travel. “Oh yes,” a U.S. flight attendant with more than two decades of experience told CNBC Travel. He said he asked flight attendants how many times they bump passengers elbows, knees and feet on long-haul flights.

Persons: ”, Doug Lansky, Lansky, “, ” Lansky, I've, you’re, “ We’ll, they've Organizations: CNBC Travel Locations: U.S

☆ America has the fewest jobs available since January 2021
▼ + stars: | 2024-09-04 | by ( Alicia Wallace | ) edition.cnn.com time to read: +7 min

CNN —The number of available jobs in the US shrank more than expected in July, an indication that demand for workers continues to wane amid a cooling labor market. Wednesday’s data is the first in a series of critically important economic metrics released this week about the US labor market, culminating with the Friday jobs report. As the labor market has slowed, it’s come back into balance: There are now nearly 1.1 jobs available for every person looking for one. The monthly jobs report for July showed gains of just 114,000 — far below expectations — and the unemployment rate shot to 4.3% from 4.1%. Separately, annual labor market data revisions showed job gains for the year ending March 2024 were less robust than initially thought.

Persons: “, ” Oliver Allen, ”, it’s, hasn’t, ” Allen, Robert Frick, ” Frick, ” ‘ Haggard, haggard, Noah Yosif, ” Julia Pollak, ZipRecruiter’s, ” Pollak, Wednesday’s, they’ve Organizations: CNN, Bureau of Labor Statistics, Federal Reserve, Labor, Pantheon Macroeconomics, Federal, Navy Federal Credit Union, American Staffing Association, ZipRecruiter

US Steel and Nippon Steel both indicated in statements that they’re open to legal fights to get the deal approved, no matter what actions is announced by Biden. Shares of US Steel (X) closed down 17.5% on the news at $29.37, well below the $55 a share that Nippon Steel agreed to pay for the stock back in December when the deal was announced. US Steel said the future of this and other union-represented plants at the company are at risk unless it gets approval to be purchased by Nippon Steel. US Steel says it has more than 3,000 employees in the state in its remaining steel mills along the Monongahela River just outside of Pittsburgh. The union says it doesn’t believe in the promises made by Nippon Steel so far and that it remains opposed to the purchase.

Persons: Joe Biden, Biden, “, Biden’s, Kamala Harris, Donald Trump, JD Vance, Harris, David Burritt’s “, Gene J, Philip Gibbs, ” Gibbs, ”, Gibbs, “ You’re, you’re, CFIUS, Michael Leiter, Skadden’s CFIUS, ” – CNN’s Matt Egan Organizations: Washington DC CNN, Nippon, US Steel, White, Foreign Investment, White House, Treasury, Steel, Nippon Steel, “ Nippon Steel, Washington Post, Labor, United Steelworkers, Justice, KeyBanc, CNN, steelworkers, “ Nippon, National Security Locations: United States, Japan, American, Pittsburgh, shoring, Gary , Indiana, “, Clairton , Pennsylvania, Pennsylvania, Monongahela, America

☆ Wasteful consumerism has a new worst enemy: Gen Alpha tweens
▼ + stars: | 2024-09-03 | by ( Lindsay Dodgson | ) www.businessinsider.com time to read: +7 min

Some Gen Alpha kids are taking a stand against buying too much stuff — and dragging their parents along for the ride. AdvertisementA 2024 survey of 1,000 Gen Alpha parents found that 63% of their kids care about sustainability. While Zoomers and millennials prefer to shop online, Gen Alpha specifically likes shopping in-store. Som Gen Alpha kids are "minimalists." Overall, Delisle doesn't think it's likely that every Gen Alpha child is above consumerism.

Persons: Yuriy Boykiv, we'll, Gen, McCrindle, Boykiv, Zers, Gen Alpha, Alpha, Wunderman Thompson, Alphas, Julie, she's, aren't, Laura Ascher, Alpha's, Stephen Yalof, David Delisle, Helenor Gilmour, Gilmour, Delisle, spender Organizations: Service, Alpha, Business, — Business, Gen Alpha, Wunderman Thompson Commerce, Gen, tweens, Stanley, Brain Locations: skincare

☆ Defense stocks in an ESG portfolio? A profound — and controversial — shift seems to be underway
▼ + stars: | 2024-09-02 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +6 min

Jessica Gow | Afp | Getty ImagesRussia's ongoing war in Ukraine has resulted in a profound shift in the way defense stocks are viewed by mission-driven fund managers, according to two European defense giants. Defense stocks have typically been excluded from portfolios based on environmental, social and governance (ESG) factors due to ethical concerns over their association with warfare. Nonetheless, the inclusion of defense stocks in sustainably-minded portfolios remains controversial. It's really important that we see the role that defense companies play in protecting a free society. It's really important that we see the role that defense companies play in protecting a free society," he said.

Persons: Micael Johansson, Jessica Gow, Johansson, CNBC's Silvia Amaro, It's, Brad Greve, BAE Systems Johansson, hasn't, Ida Kassa Johannesen, Johannesen, Justin Tallis, Saab's Johansson, ESG, John Keeble, Greve Organizations: Saab, Afp, Getty, BAE Systems, Ukraine —, Saxo Bank, CNBC, Democratic, U.S, Republican, Democrats, Malloy Aeronautics, British Aerospace BAE Systems, Farnborough, Exhibition, Conference Centre Locations: Stockholm, Ukraine, Africa, Democratic Republic, Congo, Palestine, London, Farnborough, England

☆ The Fed's preferred inflation indicator is out Friday. Here's what to expect
▼ + stars: | 2024-08-29 | by ( Jeff Cox | ) www.cnbc.com time to read: +2 min

While the Fed uses a whole dashboard of indicators to measure inflation, the PCE index is its go-to data point and its sole forecasting tool when members release their quarterly projections. Policymakers especially hone in on the core PCE measure, which excludes food and energy, when making interest rate decisions. "To me, it's going to be just one more piece of evidence to confirm that the Fed is seeing sustainable inflation readings at a sustainable pace," said Beth Ann Bovino, chief economist at U.S. Bank. Any slight upticks are "really just base-effect kinds of things that aren't going to change the Fed's view." Fed officials aren't declaring victory over inflation yet, though recent statements indicate a more positive outlook.

Persons: Dow Jones, Beth Ann Bovino, aren't Organizations: Federal, Commerce Department, Fed, Labor, Dow, U.S . Bank

☆ Free TV Streaming Is Surging, and It's a Problem for Hollywood
▼ + stars: | 2024-08-29 | by ( Lucia Moses | ) www.businessinsider.com time to read: +12 min

The basic problem: It's unclear how these free services could support new, Hollywood-style programming even if they wanted to. Now, with YouTube making the jump to TV screens and "free, ad-supported TV" (FAST) services having a moment, where does that leave Hollywood? Tech and legacy media will battle over free TV in the coming monthsLooking ahead, the major players already ahead in free TV will likely continue to gain share. Free streaming may seem like a way for Hollywood to claw back viewers. If not, it's hard to say what winning in the battle for free TV will actually get them.

Persons: Prognosticators, YouTuber Jamie Clement, Tubi's, Sarah Lee, Evan Shapiro, There's, Jenn Vaux, it's, Max, Peacock, Roku, It's, Tubi, Adam Lewinson, WBD, Laura Florence, Horowitz Organizations: Netflix, Business, YouTube, Hollywood, Disney, Hulu, Warner, Comcast, FX Networks, Parks Associates, Nielsen, Media, Fox, ABC News, NFL, FAST, Horowitz Research, Hub Entertainment Research, Tech, Fire TV, Paramount, Pluto, SVP, Global, Fremantle, JPMorgan, CNBC Locations: Hollywood, Fremantle

☆ It's a terrible time to be an international student. Australia is the latest country to limit visas.
▼ + stars: | 2024-08-28 | by ( Shubhangi Goel | ) www.businessinsider.com time to read: +1 min

Australia plans to cut new international student enrollment by a third next year. The cap follows a surge in international students post-pandemic, straining the rental market. AdvertisementAustralia is capping new international students next year, in an effort to curb record migration. The country plans to limit international student enrollments to 270,000 in 2025, Australian education minister announced on Tuesday. In 2023, there were just over 400,000 new international students.

Persons: —, Jason Clare Organizations: Service, Business Locations: Australia, Canada

☆ A laid-off baby boomer got frustrated with the job hunt, so he started his own business. He explains why age is an asset for entrepreneurs.
▼ + stars: | 2024-08-26 | by ( John Towfighi | ) www.businessinsider.com time to read: +4 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. "It's about leaning into my age and experience as an asset versus being 'too old' for the startup world," Loria, 61, said. A survey by Gusto, a payroll-services company for small businesses, found that nearly one in four new businesses started in 2023 were in the professional-services industry. It also found that among the businesses started by people 55 and older in 2023, about 35% were in the professional-services industry. He said there was a "natural match" between younger and older founders: He appreciates the boldness and drive of younger founders and thinks he can provide the wisdom that he's developed over the years.

Persons: —, Joseph Loria, Loria, RetentionCX, he'd, he's Organizations: Service, Business, Tulane University

☆ I spend less than $300 on back-to-school shopping for my 2 kids. Here's what works to help me save money.
▼ + stars: | 2024-08-24 | by ( Jill Robbins | ) www.businessinsider.com time to read: +5 min

AdvertisementI buy most of my kids' school clothes during the after-Thanksgiving sales. Even when buying school clothes for my kids on sale, I don't buy a lot. Keeping a stock of school supplies basics on hand saves both time and moneyI spent more on school supplies when my kids were in elementary school — school supply lists times two with crayons, colored pencils, and so many glue sticks drove my expenses up. That said, my kids still need school supplies, but they're usually the basics, such as paper, notebooks, folders, and pens and pencils. AdvertisementAlso, I never go to the store in person to buy school supplies.

Persons: —, I'm, they've, I've, it's Organizations: Service, Business, Facebook

☆ The two-day or less shipping Americans have come to expect faces a climate change threat
▼ + stars: | 2024-08-24 | by ( Michelle Castillo | ) www.cnbc.com time to read: +7 min

Customers have come to expect when they order something online, it arrives in two days or less. Many logistics companies have warned about shipping delays due to extreme weather. Freight solutions company Breakthrough, which focuses on sustainable transportation, conducted a survey of 500 shippers and carriers this year that revealed extreme weather was cited as the top transportation challenge. And rather than rely on large warehouses, it uses its stores as hubs, which helps it change delivery fulfillment quickly. In addition to closing warehouses in cases of extreme weather, Amazon is using algorithms to plan delivery worker routes.

Persons: Jenny Zanden, Donner, Parvez Musani, Musani Organizations: Sparks, Walmart, Amazon, Daily Locations: Panama, U.S, Sparks , Nevada, Sierra, Nevada , California, Oregon, New Jersey, California

☆ It’s never been harder to be Mister Softee
▼ + stars: | 2024-08-24 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +7 min

Once, there were more than 2,000 Mister Softee trucks in 38 states during the company’s peak in the 1960s. Now, there are only around 630 Mister Softee trucks looping around neighborhoods and parks in 21 states. A Mister Softee truck during a spring training baseball game in Goodyear, Arizona, in 2013. A freshly made cup of Mister Softee ice cream is displayed during a bicycle safety event held in Evesham Township, New Jersey, in 2024. As goes the nation, so goes Mister SofteeThe Mister Softee business is a window into changes in neighborhoods, family sizes and children’s habits.

Persons: New York CNN — It’s, Softee, ” Mike Conway, Mister Softee, Mister, James, William Conway, John Sleezer, ” William Conway, Carlos Vazquez, Alexi Rosenfeld, Vazquez, ”, “, Chris Lachall, Graeme Pitkethly, Conway, They’re, ” Carlos Vazquez Organizations: New, New York CNN, Mister, CNN, Kansas City Star, Tribune, Service, Getty, USA, Unilever, Census Bureau Locations: New York, Runnemede , New Jersey, Philadelphia, United States, Goodyear , Arizona, New York City, Van Leeuwen, Maine, California, Evesham Township , New Jersey, Europe

☆ Fed’s Powell Signals an Upcoming Rate Cut in Jackson Hole Remarks
▼ + stars: | 2024-08-23 | by ( ) www.nytimes.com time to read: +1 min

The direction of travel is clear, and the timing and pace of rate cuts will depend on incoming data, the evolving outlook, and the balance of risks. We will do everything we can to support a strong labor market as we make further progress toward price stability. Today, the labor market has cooled considerably from its formerly overheated state. The unemployment rate began to rise over a year ago and is now at 4.3 percent — still low by historical standards, but almost a full percentage point above its level in early 2023. The upside risks to inflation have diminished.

☆ Fed Chair Powell checks the box, and our rate sensitive stocks react accordingly
▼ + stars: | 2024-08-23 | by ( Jeff Marks | ) www.cnbc.com time to read: +5 min

In recent weeks, Wall Street has placed greater emphasis on jobs data as investors try to gauge the health of the U.S. economy. As we've seen at various points this summer, political developments may also be influencing moves on Wall Street. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, Stocks, Jerome Powell's, Powell, Stanley Black, Decker, Jim, It's, chipmaker's, Kamala Harris, Harris, Jim Cramer's Organizations: CNBC, Federal, Jackson, Decker, Nvidia, Blackwell, Democratic National Convention, Jim Cramer's Charitable Locations: U.S

☆ Nestle CEO departure seen as 'not such a bad thing' for investors, analyst says
▼ + stars: | 2024-08-23 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +1 min

LONDON — Investors may think that the replacement of Nestle CEO Mark Schneider with company veteran Laurent Freixe is "not such a bad thing," analyst Jon Cox said Friday. "I think confidence has been severely hit in the case and particularly in Schneider," he told "Squawk Box Europe." "I presume most people will think it's not such a bad thing at this point for Schneider to go," he said. Freixe, who joined Nestle in 1986 and served most recently as executive vice president and CEO of the Latin America unit, will take over from Sept. 1. The company has struggled to retain market share as consumers have shifted away from labelled products amid inflationary pressures.

Persons: Mark Schneider, Laurent Freixe, Jon Cox, Cox, Kepler Cheuvreux, Schneider, Freixe, Laurent, Nestlé, Paul Bulcke Organizations: Nestle, Kepler, CNBC, America Locations: Schneider, London, Swiss

☆ Internet celebrities are facing an era of reckoning — and their fans are tired of forgiving them
▼ + stars: | 2024-08-23 | by ( Lindsay Dodgson | ) www.businessinsider.com time to read: +8 min

An era of cancel culture in the late 2010s saw creators rise and fall, most notably with what was dubbed "Karmageddon." Fans feel dupedOver the past few weeks, some major internet stars have come under fire. "Fans are no longer passive consumers of content; they are active participants in holding creators accountable for their past and present actions," she said. This, she said, reflects "a broader cultural fatigue with the constant churn of content creators who appear authentic only to later reveal problematic pasts." AdvertisementRecovery is a delicate balanceCessie Cerrato, a publicist and influencer marketing strategist who founded Cessie C. Communications, told BI that fans are tired of forgiving their favorite online celebrities.

Persons: —, They're, Cody Ko, Tana Mongeau, Ko, cohost Brooke Schofield, Schofield, Katya Varbanova, MrBeast, Jimmy, Donaldson, Ava Tyson, Kevin Mazur, Varbanova, else's, Alix Earle, Natacha Rousseau, influencers, Rousseau, he's, Cessie, Mikayla Nogueira, mascara, Cerrato, Michael Buckner, Jasmine Bloemhof, Bloemhof Organizations: Service, Business, Communications, Brands, PR Locations: LA

☆ A $2.30-a-day basic income trial is trying to save the Amazon rainforest
▼ + stars: | 2024-08-23 | by ( Mia Jankowicz | ) www.businessinsider.com time to read: +4 min

Read previewGroups backing a universal basic income trial in Peru are hoping that unconditional payments to Indigenous communities will help preserve the Amazon rainforest. Universal basic income — for the rainforestAn aerial view of Asháninka territory in the Peruvian Amazon Cool Earth$2.30 a day wouldn't go far in the US or Europe. AdvertisementNumerous universal basic income trials have proliferated worldwide, but most are focused on social and economic outcomes. Cool Earth hopes that the basic income will remove incentives to be involved in deforestation. Communities that participated in Cool Earth's prior cash transfer projects saw up to 46% less deforestation compared to similar neighboring communities, Felandro added.

Persons: —, Isabel Felandro, Felandro, Johan Oldekop, Oldekop, Cool Organizations: Service, Business, Atlanta, Manchester University, Guardian Locations: Peru, Peruvian, Europe, Los Angeles, Chicago, Denver, New Guinea, Congo

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